​The global neodymium-iron-boron magnet market has been witnessing a positive growth. This can be accredited to the surge in the energy harvesting sector along with the ever-increasing environmental concerns.

Neodymium-iron-boron magnets (NdFeB) are a type of permanent magnets made from an alloy of neodymium, iron and boron. They require a protective surface coating as a result of their lower Curie temperature and tendency to undergo oxidation. However, their high magnetic strength and energy efficiency makes NdFeB magnets ideal for applications where compact yet strong permanent magnets are required. A new research report by IMARC Group, titled “Neodymium-Iron-Boron Magnet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 11.3 Billion in 2017. The report further anticipates the market to cross US$ 17 Billion by 2023, at a projected CAGR of more than 7% over the forecast period.

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Global Neodymium-Iron-Boron Magnet Market Drivers/Constraints:

• The growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications is majorly driving the global market for NdFeB magnets.
• The government initiatives to stimulate the use of green technologies so as to decrease the greenhouse gas emissions is expected to drive the growth of the global NdFeB magnet market.
• Some of the other factors propelling the demand for NdFeB magnets include their increasing and wide-ranging applications in sectors such as defence, automotive, medical, electronic, industrial, etc.; limited substitutes; flourishing end-use industries; etc.
• The high cost, low Curie temperature and propensity to undergo oxidation represent the major constraints to the applications of NdFeB magnets.

Application Insights:
On the basis of applications, the motors and generators sector is the largest consumer of NdFeB magnets, followed by HDD/CD/DVD, transportation, energy production and storage, transducers, and drives, clutches and braking. Motors and generators dominate the market as they are used in wind turbines and improve the energy output at slower wind speed, thereby, reducing energy wastage and making them energy efficient. 

Regional Insights:
Country-wise, China enjoys a leading position in the global NdFeB magnet market on account of the high demand for these magnets from the major end-user industries in the region. China also has a monopoly on the raw materials used to produce these magnets which facilitates the production of these magnets in the country. It is followed by Japan, Europe and others.

Competitive Landscape:
The market is highly fragmented with the presence of various small and large manufacturers who compete in terms of volume and revenue. As China provides a secure and economical supply of the major raw materials, most of the rare earth magnets manufacturers are based in the country.

Browse related reports:

Ferrite Magnet Market Research Report 2018-2023

Samarium Cobalt Magnets Market Research Report 2018-2023

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Chewing gum is a soft and non-edible substance produced only for the purpose of chewing. The texture of chewing gum is reminiscent of rubber owing to the properties of polymer, plasticizer, and resin components, which gives it a chewy characteristic. In addition to this, they help to eliminate bad odours by providing a refreshing taste and long-lasting flavour. While the ancient gums were produced from the sap of spruce trees, the modern chewing gum is made up of gum base, food colours, flavours, polyol coating among others. A new research report by IMARC Group, titled “Chewing Gum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market reached a value of more than US$ 21 Billion in 2017. The report further anticipates the market to exceed US$ 25 Billion by 2023, expanding at a CAGR of over 3% during 2018-2023.

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​
Market Drivers/Constraints:

• One of the primary factors behind the surging demand for chewing gums is their health benefits which include combating stress and anxiety, improving concentration, and reducing oral bacteria due to inclusion of isomaltulose.
• Another factor which has augmented the demand for chewing gums is impulse purchasing. This demand is generally supported by the younger generation who resorts to chewing gum after a meal, smoking or during long working days.
• Moreover, manufacturers are targeting young population by introducing unique flavours and attractive packaging. Some of the new flavours include cherry, banana, lemon, cinnamon, blueberry, grapes and orange.
• However, there are several factors that hamper the market growth. For instance, sugar-free gums also run a risk of dental erosion owing to acidic flavourings and preservatives that are added.

Product Type Insights:
On the basis of type, the market has been segmented as pallet type, stick/tab type, centre-filled type, cut and wrap type, and ball type. Currently, pallet type dominates the market with the largest share.

Sugar Type Insights:
Based on market breakup by sugar type, sugar free chewing gum represents the largest segment followed by sugared chewing gum. This can be accredited to the oral and dental benefits offered by sugar-free chewing gums.

Distribution Channel Insights:
On the basis of distribution channel, supermarkets and hypermarkets represent the largest segment as they offer convenience to the consumers. They are followed by pharmacies, convenience stores, departmental stores and online.

Regional Insights:
On a geographical front, Asia-Pacific enjoys a leading position in the global chewing gum market. Asia-Pacific is followed by North America, Europe, Middle East and Africa, and Latin America.

Competitive Landscape:
The market is fragmented with the presence of both small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive. Some of the leading players operating in the market are:

• Mondelez
• Perfetti
• Wrigley
• Lotte, Cloetta
• Hershey

Browse related reports:

Lip Care Products Market Research Report 2018-2023

Perfume Market Research Report 2018-2023

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Over the years, innovations in technology has consistently helped humans in making lives simpler and convenient. One such technology being home audio equipment which is installed inside the home, aimed to imitate the commercial theatre performance. It imparts a bona fide theatre experience and replicates the realistic scenario by enhancing the audio quality. Some of the components of home audio equipment include shelf stereos, surround sound receiver and a projection system. A new research report by IMARC Group, titled “Home Audio Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 17 Billion in 2017. The report further anticipates the market to cross US$ 23 Billion by 2023, at a projected CAGR of more than 5% over the forecast period.

Market Drivers/Constraints:

• The primary factor for the growth of the home audio equipment market is a rise in the streaming of audio content via wireless systems, for instance, Bluetooth which can be connected to a portable device.
• Further, a shift in the preferences of consumers towards a high-performance home theatre system and expanding need for an improved user experience are positively influencing the market growth.
• With the development of the internet of things (IoT) technology worldwide, there has been a soaring demand for devices which are compatible with different devices. This has broadened the growth aspects of the global home audio equipment market.
• Flourishing entertainment industry, increasing disposable incomes, urbanisation and industrialisation rates, technological advancements and product innovations by manufacturers are some of the other factors which are strengthening the demand for home audio equipment.
• However, high audio frequency coming from home audio equipment may injure the inner ear structures and cause noise-induced hearing loss (NIHL) within the longer run. This acts as a major constraint for the growth of the home audio equipment market.

Product Type Insights:
On the basis of type, the market is segmented as Blu-ray and DVD players, home theatre in-a-box (HTIB) and soundbars. Among these, Blu-ray and DVD players currently exhibit a clear dominance in the market. 

Application Insights:
Based on application, the major segments include television and computers. Home audio equipment is extensively used in television as well as computers on account of its ability to amplify the volume emitted by the standard device and cater convenience as well as luxury within the domestic sphere.

Distribution Channel Insights:
On the basis of distribution channel, supermarkets and hypermarkets represent the largest segment as they offer easy accessibility and convenience to the consumers. They are followed by specialty stores, convenience stores and online stores.

Regional Insights:
On a geographical front, North America presently holds the majority of the market share owing to the inclination towards technologically advanced entertainment products in the region. North America is followed by Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape:
The market is highly concentrated with the presence of established manufacturers who compete in terms of prices. There is an intense competition in the market which makes it difficult for new entrants to survive. Some of the leading players operating in the market are:

• LG
• Qualcomm
• Sony Corporation
• Yamaha Corporation
• Bose Corporation

Browse related reports:

Home Automation System Market Report Research Report: https://www.imarcgroup.com/home-automation-system-market

Home Security System Market Research Report: https://www.imarcgroup.com/home-security-system-market

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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.

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Perfumes are made from the mixture of fragrant essential oils or aroma compounds, fixatives and solvents, used to give human bodies, animals, objects, and living spaces a pleasing scent. The natural ingredients used to manufacture perfumes include flowers, grasses, spices, fruits, woods, roots, resins, balsams, leaves, gums, and animal secretions. A new research report by IMARC Group, titled “Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 37.4 Billion in 2017. The report further anticipates the market to cross US$ 46.5 Billion by 2023, at a projected CAGR of 3.7% over the forecast period.

Global Perfume Market Drivers/Constraints:

• The rising trend of personal grooming along with a growing demand for youth-oriented as well as exotic fragrances are the major factors driving the growth of the global perfume market.
• The increasing customer spending on luxury fragrances owing to inflating disposable incomes and improving standards of living are bolstering the demand for perfumes worldwide.
• The product diversification by manufacturers, growing urbanization, aggressive advertising and rising population are some of the other major factors impelling the demand for perfumes across the globe.
• However, the side effects of the chemical materials used in the manufacturing of perfumes are anticipated to hinder the growth of global perfume market.

Product Type Insights:
On the basis of product type, the market has been segmented into premium and mass perfume products. Currently, premium perfume products are the most popular type dominating the global perfume market. This can be attributed to the greater emphasis on quality and personalization which are not offered by mass products.

Category Insights:
Based on perfume categories, female fragrances dominate the perfume market, accounting for nearly two-thirds of the total share. Female fragrances are followed by male fragrances and unisex fragrances.

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Regional Insights:
Region-wise, Brazil represents the world’s largest market for perfumes. The important role of fragrances in the Brazilian culture as a sign of personal care, beauty and enhanced self-esteem has contributed to the market growth in the country. It is followed by the United States, Germany, France and Russia.

Competitive Landscape:
The global perfume market is fragmented in nature with a large number of small and big players operating in the industry. The premium perfume market, however, is driven by strong brand recognitions with some of the larger players controlling a significant share of this market. Some of the leading players operating in the market are:

• Avon Products Inc.
• Natura Cosméticos SA
• Chanel SA
• Coty Inc.
• LVMH
• L’Oreal Groupe

Browse related reports:

Hair Care Market Research Report 2018-2023

Lip Care Products Market Research Report 2018-2023

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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’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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Over the years, innovations in technology has consistently helped humans in making lives simpler and convenient. One such technology being home audio equipment which is installed inside the home, aimed to imitate the commercial theatre performance. It imparts a bona fide theatre experience and replicates the realistic scenario by enhancing the audio quality. Some of the components of home audio equipment include shelf stereos, surround sound receiver and a projection system. A new research report by IMARC Group, titled “Home Audio Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 17 Billion in 2017. The report further anticipates the market to cross US$ 23 Billion by 2023, at a projected CAGR of more than 5% over the forecast period.

Market Drivers/Constraints:

• The primary factor for the growth of the home audio equipment market is a rise in the streaming of audio content via wireless systems, for instance, Bluetooth which can be connected to a portable device.
• Further, a shift in the preferences of consumers towards a high-performance home theatre system and expanding need for an improved user experience are positively influencing the market growth.
• With the development of the internet of things (IoT) technology worldwide, there has been a soaring demand for devices which are compatible with different devices. This has broadened the growth aspects of the global home audio equipment market.
• Flourishing entertainment industry, increasing disposable incomes, urbanisation and industrialisation rates, technological advancements and product innovations by manufacturers are some of the other factors which are strengthening the demand for home audio equipment.
• However, high audio frequency coming from home audio equipment may injure the inner ear structures and cause noise-induced hearing loss (NIHL) within the longer run. This acts as a major constraint for the growth of the home audio equipment market.

Product Type Insights:
On the basis of type, the market is segmented as Blu-ray and DVD players, home theatre in-a-box (HTIB) and soundbars. Among these, Blu-ray and DVD players currently exhibit a clear dominance in the market. 

Application Insights:
Based on application, the major segments include television and computers. Home audio equipment is extensively used in television as well as computers on account of its ability to amplify the volume emitted by the standard device and cater convenience as well as luxury within the domestic sphere.

Distribution Channel Insights:
On the basis of distribution channel, supermarkets and hypermarkets represent the largest segment as they offer easy accessibility and convenience to the consumers. They are followed by specialty stores, convenience stores and online stores.

Regional Insights:
On a geographical front, North America presently holds the majority of the market share owing to the inclination towards technologically advanced entertainment products in the region. North America is followed by Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape:
The market is highly concentrated with the presence of established manufacturers who compete in terms of prices. There is an intense competition in the market which makes it difficult for new entrants to survive. Some of the leading players operating in the market are:

• LG
• Qualcomm
• Sony Corporation
• Yamaha Corporation
• Bose Corporation

Browse related reports:

Home Automation System Market Report Research Report: https://www.imarcgroup.com/home-automation-system-market

Home Security System Market Research Report: https://www.imarcgroup.com/home-security-system-market

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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’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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A form of rare earth magnets, samarium cobalt (SmCo) magnets are made of an alloy of cobalt and samarium. These magnets exhibit optimal thermal stability, high corrosion resistance and high magnetic strength as compared to neodymium (NdFeB) magnets. In addition to this, samarium cobalt magnets require proper handling owing to their brittle nature and need to be stored in atmosphere with mild temperatures as they are highly susceptible to cracking. A new research report by IMARC Group, titled “Samarium Cobalt Magnets Market: Global Industry Trends, Share, Size, Growth, Forecast and Opportunity 2018-2023”, estimates that the market reached a value of US$ 462 Million in 2017.

Read full report with TOC: https://www.imarcgroup.com/prefeasibility-report-samarium-cobalt-magnet-manufacturing-plant

Global Samarium Cobalt Magnets Market Drivers/Constraints:

• These magnets are essentially used in various military weapon along with electrical systems in aircrafts for generating power. This is one of the major factors which is driving the growth of the market.
• Owing to their high working temperature, samarium cobalt magnets are being increasingly utilised for the applications of aerospace and military. This is another factor which is positively influencing the market growth.
• There has been a rise in the demand for miniaturisation of equipment and high magnetic strength in emerging and existing applications. This has highly contributed towards an augmented demand for samarium cobalt magnets across the globe.
• However, these magnets are costlier than ferrite magnets and have to be handled with care owing to their brittle nature. This, in turn, has hindered the growth of the market.

Application Insights:
Samarium cobalt magnets are currently being used across various sectors. Defence sector represents the largest application segment, holding the majority of the market share. This can be attributed to the higher curie temperature of samarium cobalt magnet, which is considered ideal for high-field strength. Defence sector is followed by aerospace, motors and actuators, electronics and medical devices.

Regional Insights:
On a geographical front, China enjoys a leading position in the global samarium cobalt magnets market owing to the easily available raw materials which are required to produce samarium cobalt magnets. Other major markets include the United States and Europe.

Competitive Landscape:
The market is fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

• Ningbo NGYC (Ninggang Permanent Magnetic) Materials Co. Ltd.   
• Ningbo Ketian   
• Arnold Magnetic Technologies   
• ADAMS Magnetic Products   
• Bunting   
• Eclipse Magnetics   
• Hangzhou Permanent Magnet Group (HPMG)   
• Thomas & Skinner Inc.

Browse related report:

Rare Earth Magnet Market Research Report: https://www.imarcgroup.com/rare-earth-magnet-manufacturing-plant

Neodymium-Iron-Boron Magnet Market Research Report: https://www.imarcgroup.com/neodymium-iron-boron-magnet-manufacturing-plant

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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’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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Cassava starch, also known as tapioca starch, can be easily extracted from the roots of cassava as compared to other starches. It incorporates a simple process which can be performed on a small-scale with limited capital. In addition to this, cassava starch has high amounts of calcium, iron, folate, manganese and carbohydrates, whereas low amounts of saturated fat and sodium. Some of the physical and chemical properties of cassava starch include high level of purity, neutral taste, high paste viscosity, high paste clarity and high freeze-thaw stability which are advantageous to many industries. A new research report titled “Cassava Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” by IMARC Group estimates that the market reached a volume of 6.7 million tons in 2017. The report further anticipates the market to cross 7.4 million tons, registering a CAGR of approximately 1.6% by 2023.

Read full report with TOC: https://www.imarcgroup.com/cassava-starch-processing-plant

Market Drivers/Constraints:

• Cassava starch is known for its hydrating, thickening, water absorption and texturising properties and thus, it is extensively used in the processing of bakery & pastry products, noodles, soups, yogurts, ice creams, soft drinks, etc. This represents a major factor for the growth in demand of cassava starch.
• In the adhesive industry, cassava starch is highly preferred as it possesses characteristics which help in improving the appearance, strength and printing properties of paper.
• Cassava starch offers numerous health benefits such as it reduces cholesterol levels, maintains blood sugar levels, prevents constipation, aids digestion and provides satiety. This coupled with the growing health consciousness among the consumers has further augmented the global demand for cassava starch.
• However, the price of cassava starch is currently higher than other types of starches, such as corn starch, which is limiting its consumption. This acts as a major road block for the growth of the market.

End-Use Insights:
Based on end-use, sweeteners exhibit a clear dominance in the market, accounting for the majority of the global share. This can be attributed to the thickening and texturising properties of cassava starch. It is followed by MSG/lysine, food industries, paper industries, modified starch and textile.

Regional Insights:
On a geographical front, Asia-Pacific enjoys a leading position in the global cassava starch market owing to the socio-economic conditions of the region. Within Asia-Pacific, Thailand and Indonesia currently represents the biggest markets. Asia-Pacific is followed by Latin America and others.

Competitive Landscape:
The market is surrounded by the presence of manufacturers with different capacities who compete in terms of prices and quality. Some of the leading players operating in the market are:

• SPAC Starch Product India Limited
• Vaighai Agro Products
• Matna Food Ltd.
• Thai German Processing Co. Ltd.
• Psaltry International Limited
• TAPIOCA VIETNAM Company
• Lentus Foods Ltd.
• Keng Seng Group of Companies

Browse related reports:

Native Starch Market Research Report: https://www.imarcgroup.com/native-starch-market

Potato Starch Market Research Report: https://www.imarcgroup.com/potato-starch-market

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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.

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​The global starch blended biodegradable polymer market is growing at an exponential rate as these polymers are environmental friendly and cost-effective. Owing to this, starch blended biodegradable polymers are now being increasingly used in food packaging and agriculture.

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Starch blended biodegradable polymers are made by combining starch and its derivatives with certain synthetic polymers via physical blending or chemical modification. These polymers have the biodegradability of starch as well as the physical properties of synthetic polymers. After polylactic acid (PLA), starch based biodegradable polymers currently represent the second-largest category of biodegradable polymers. A new research report by IMARC Group, titled “Starch Blended Biodegradable Polymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market reached a volume of around 314 Thousand Tons in 2017. The report further anticipates the market to reach a volume of 588 Thousand Tons by 2023, at a projected CAGR of 11% over the forecast period.

Read full report: https://www.imarcgroup.com/starch-blended-biodegradable-polymers-technical-material-market-report

Global Starch Blended Biodegradable Polymer Market Drivers/Constraints:

• The major demand driver fuelling the growth of the starch blended biodegradable polymer market is their extensive use in various applications such as food packaging, agriculture etc.
• Owing to their declining costs, the use of starch blended biodegradable polymers has surpassed that of synthetic polymers. This is anticipated to propel the growth of the starch blended biodegradable polymers market globally.
• In addition, the lower price and greater availability of starch coupled with its environment-friendly profile has made it as a viable alternative to petrochemical-based polymers. This is spurring the demand for starch blended biodegradable polymers worldwide.
• The stringent regulations by the government regarding the production of these polymers will impede the market growth.
• Apart from starch blended polymers, there are various other biodegradable polymers which can substitute these polymers in their applications, thereby posing a threat to the market growth.

End-use Insights:
On the basis of end-use, flexible packaging represents the largest and fastest growing segment as these polymers are used in manufacturing food packaging and edible films which are odourless, tasteless, colourless, non-toxic and biodegradable. Other major segments include agriculture and horticulture, rigid packaging, consumer goods, and building and construction.

Product Type Insights:
Based on product type, the market has been categorised into biodegradable starch and durable starch. Currently, biodegradable starch dominates the market, accounting for the majority of the market share.

Regional Insights:
On the basis of region, Europe currently accounts for the majority of the total global market share, representing the leading market. In this region, starch blended biodegradable polymers are used in the form of microsphere or hydrogel to deliver drugs in the healthcare sector. Other major markets include Asia-Pacific and North America.

Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of price and quality. Some of the leading players operating in the market are:

• Novamont
• Rodenberg
• Wuhan Huali Environment Protection Sci. & Tech
• Livan
• Plantic Technologies

Browse related reports:

Stevia Market Research Report: https://www.imarcgroup.com/stevia-market

Gelatin Market Research Report: https://www.imarcgroup.com/ossein-gelatine-technical-material-market-report

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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.

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The global cross laminated timber market is growing at a healthy rate as they are environment-friendly and can be easily installed. Owing to this, cross laminated timber is now being increasingly used in the construction industry which has further given impetus to the market

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Cross laminated timber (CLT) is a panel of wood, designed by gluing together layers of solid-sawn timber. The process offers improved dimensional stability to the product, in-plane and out-of-plane strength, stiffness and increases the splitting resistance. Over the years, cross laminated timber has replaced other concrete alternatives such as steel and masonry due to their cost effectiveness, easy and faster installation, high strength, etc. A new research report by IMARC Group, titled “Cross Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 564 Million in 2017. The report further anticipates the market to reach a value of approximately US$ 1.3 Billion by 2023, at a projected CAGR of around 15% over the forecast period. 

Read full report with TOC: https://www.imarcgroup.com/cross-laminated-timber-manufacturing-plant

Market Drivers/Constraints:

• The green building movement and other international initiatives are gaining momentum worldwide. Cross laminated timber is regarded as environment-friendly material which requires low energy consumptions as compared to its counterparts.
• The use of cross laminated timber offers structural capability and reduction in construction cost as well as time, making it apt for usage in all elements of construction such as walls, roofs, floor, etc.
• The consistent marketing efforts by manufacturers have also aided in creating awareness about the advantages of cross-laminated timber among consumers.
• However, there are several factors that hamper the market growth. Structures created using cross laminated timber require external support and added insulation. Moreover, any kind of future transformations with structure is difficult in comparison to the traditional constructional materials.

Application Insights:

Residential represents the largest application segment in the cross-laminated timber market. Residential is followed by educational institutes, government/public buildings and commercial spaces.

Regional Insights:
On a geographical front, Europe enjoys a leading position in the global cross-laminated timber market on account of its high demand in the region. In Europe, Austria exhibits a clear dominance in the market. It is followed by North America (including the United States and Canada).

Competitive Landscape:
The market is concentrated with the presence of large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for new players to survive. Some of the leading players operating in the market are:

• Stora Enso
• KLH
• Binderholz
• Mayr Melnhof
• Hasslacher

Browse related reports:

European Cross-Laminated Timber Market Research Report: https://www.imarcgroup.com/european-cross-laminated-timber-market

North America Cross-Laminated Timber Market Research Report: https://www.imarcgroup.com/north-america-cross-laminated-timber-market

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IMARC’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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Pet food refers to food for domesticated animals formulated according to their nutritional needs. It consists of animal and vegetable fats, and plant ingredients, including peas, corn, cereals, grain, barley, etc. In addition to this, a number of dietary fibres are also used in pet food, such as dried chicory root, powdered cellulose, inulin and dried beet pulp. A new research report titled “Pet Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, by IMARC Group estimates that the market was around US$ 94 Billion in 2017. The report further anticipates the market to cross US$ 122 Billion by 2023, at a projected CAGR of 4.5% over the forecast period.

Read full report with TOC: https://www.imarcgroup.com/pet-food-market

Global Pet Food Market Drivers/Constraints:

• The major factor influencing the growth of the global pet food market is the increasing awareness among the consumers regarding the requirement of the proper nutrients for their pet’s health.
• The rising demand for pet food consisting of organic ingredients and less fillers are creating a market for organic pet food which is free from pesticides, artificial flavours or genetically modified organisms. This is leading to major changes in product manufacturing and resourcing of ethically-viable products.
• The continual rise in the number of pet owners along with the growing pet humanisation trend, where pets are taken care of as a family member, are the major factors contributing to the demand for pet food.
• However, allergies caused by specific food products is hampering the market growth. Moreover, the shift towards feeding rendered meat to the pets is also a major deterrent for the pet food market.

Product Type Insights:
On the basis of type, the market has been segmented as dry pet food, wet and canned pet food, and snacks and treats. Currently, dry pet food is the most popular product type amongst the pet owners due to its convenience and low cost. 

Pet Type Insights:
Based on pet type, the market has been segregated into dog food, cat food and others. Currently, dog food represents the most popular pet type as dogs are more preferable as compared to the other animals.

Regional Insights:
Region-wise, the market has been segmented as North America, Europe, Asia Pacific, Latin America and others. Amongst these, North America accounts for the largest market share due to the increasing rate of pet adoption and concern over the pet’s health.

Competitive Landscape:
The market is highly concentrated with the presence of small number of manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

• Mars Petcare Inc.
• Nestlé Purina PetCare
• Hill's Pet Nutrition
• Big Heart Pet Brands

Browse related reports:

US Pet Food Market Research Report: https://www.imarcgroup.com/us-pet-food-market

Dog Food Market Research Report: https://www.imarcgroup.com/dog-food-manufacturing-plant

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’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.

Contact Us
​
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal