What are the Volatile Corrosion Inhibitors Market Key Trends?

Volatile Corrosion Inhibitors, or VCIs, are chemical compounds that are used to protect metals from corrosion. They work by releasing vapors that form a protective layer on the metal surface, preventing the corrosive environment from reaching the metal and causing damage.

VCIs are commonly used in industrial and military applications, where metal parts and equipment must be stored for extended periods of time in harsh environments. They are also used in packaging materials, such as plastic bags, to protect metal components during transport and storage.

There are two main types of VCIs: contact and vapor-phase. Contact inhibitors are applied directly to the metal surface, while vapor-phase inhibitors are released into the air and form a protective layer on metal surfaces in the surrounding area.

Contact inhibitors are typically used for short-term protection, such as during shipping or storage for a few months. Vapor-phase inhibitors, on the other hand, are used for long-term protection, as they can protect metals for several years.

VCIs are effective at protecting a wide range of metals, including steel, aluminum, copper, brass, and zinc. They are also non-toxic and do not leave any residue on the metal surface, making them ideal for use in sensitive applications such as the electronics industry.

However, there are some limitations to the use of VCIs. They may not be effective in extremely humid environments or in areas where there is a high concentration of corrosive gases. Additionally, the effectiveness of VCIs may be reduced if they are exposed to heat or UV radiation.

In conclusion, VCIs are a useful tool for protecting metals from corrosion in a variety of applications. They offer a non-toxic, non-invasive method of protection that can be used for both short-term and long-term storage. However, their effectiveness may be limited in certain environments, and proper care should be taken to ensure that they are stored and used correctly.

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Textile Market Is Expected To Grow At A Significant CAGR In The Upcoming Years 2022 - 2030.

The global textile market size was valued at USD 993.6 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Increasing demand for apparel from the fashion industry coupled with the growth of e-commerce platforms is expected to drive the market growth over the forecast period. The industry works on three major principles, designing, production, and distribution of different flexible materials, such as yarn and clothing. Several processes, such as knitting, crocheting, weaving, and others, are largely used to manufacture a wide range of finished and semi-finished goods in bedding, clothing, apparel, medical, and other accessories.

Gather more insights about the market drivers, restrains and growth of the Global Textile market

The U.S. is anticipated to be the largest market in the North America region for textiles. It is one of the largest producers, raw cotton exporters, and top raw textile importers. Fashion is the largest application segment in the region owing to the fast-changing fashion trends due to increasing online fast fashion companies. There has been an increasing trend of smart textiles in the market that use optical fibers, metals, and various conductive polymers to interact with the environment. These help in detecting and reacting to various physical stimuli, such as mechanical, thermal, or chemical & electric sources. This is expected to propel the growth of the technical application segment in the market during the forecast period. Increasing consumer preference for sustainable products is forcing major companies to focus on restructuring their business and investing in manufacturing practices that target sustainable products.

For instance, DuPont’s plant-based faux fur for performance fashion apparel and Eastman’s usage of discarded carpet into new material is expected to open new growth avenues over the forecast period. The recent outbreak of coronavirus disease had acted as a restraint to the global market. Global trade restrictions due to disrupted supply chain and decline in textile product consumption amid lockdown had further negatively impacted the market. However, the market is expected to witness a strong recovery during the forecast period due to government support and increasing public awareness about effective precautionary measures.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

Floor Covering Market - The global floor covering market size was valued at USD 364.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2028. The market is majorly driven by rising urbanization and the expansion of ultramodern workspaces. The worldwide market for floor covering will be pushed in the near future by the construction industry's expansion and increased infrastructure investment.

Composite Adhesive Market - The global composite adhesive market size was valued at USD 3.35 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. The penetration of lightweight composites in different industries like aerospace & defense, electric vehicles (EVs), sports, and others is expected to propel the demand for the product during the forecast period.

Textile Market Segmentation

Grand View Research has segmented the global Textile market on the basis of product, application, distribution, and region:

Textile Raw Material Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

Cotton

Chemical

Wool

Silk

Others

Textile Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

Natural Fibers

Polyester

Nylon

Others

Textile Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

Household

Bedding

Kitchen

Upholstery

Towel

Others

Technical

Construction

Transport

Medical

Protective

Others

Fashion & Clothing

Apparel

Ties & Clothing accessories

Handbags

Others

Others

Textile Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa (MEA)

Legal Cannabis Market Growth, Strategy And Forecast, 2022 - 2030

The global legal cannabis market size is expected to reach USD 134.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 25.3% from 2022 to 2030. The increased legalization across different nations of the usage of cannabis-derived products has gained a lot of popularity. Medical cannabis-based has been used in the treatment of various indications like epileptic seizures, nausea related to chemotherapy, anxiety, and other brain-related diseases. Several studies are being conducted for CBD products in various indications. The medical fraternity has slowly increased acceptance of medical cannabis as well as marijuana and its derivatives owing to its legalization by the governments. Some countries like Canada, the U.S., and Uruguay have legalized its recreational use along with medicinal use. Adult use and recreational use of marijuana is readily available in some of the countries’ markets, thereby increasing adoption and market growth. The COVID-19 pandemic has impeded the growth of the market. Supply chain disruptions and a surge in panic buying scenarios led to the increase in the demand-supply gap, thereby affecting the market growth. However, it is expected to grow post-pandemic with the increased support from governments and ever-increasing demand.

Legal Cannabis Market Segmentation

Grand View Research, Inc. has segmented the global legal cannabis market on the basis of source, derivative, end use, and region:

Based on the Source Insights, the market is segmented into Marijuana and Hemp.

• In 2021, marijuana accounted for the largest revenue share of over 70.0% and is anticipated to register the fastest growth rate during the forecast period. The growth in the segment can be attributed to the increasing rate of legalization across the globe.
• Both recreational and medical marijuana have seen a huge jump in acceptance and legalization since the pandemic. The use of medical marijuana is acceptable in a number of countries including the U.S., Canada, Italy, Czech Republic, Croatia, and Australia.

Based on the Derivative Insights, the market is segmented into CBD, THC and Others.

• In 2021, CBD accounted for the largest revenue share of over 65.0%. This growth is due to the acceptance of the efficacy of CBD by the scientific community and by consumers.
• Cannabinoids have in general shown their potential in the treatment of various diseases like PTSD and several types of cancers. They are considered potent analgesics and may have possible anti-stress properties.
• The others segment is expected to register the fastest growth rate over the forecast period. This can be due to the rise in the acceptance of cannabis as a potent pain-reliever and in several other indications.

Based on the End-useInsights, the market is segmented into Medical Use, Recreational Useand Industrial Use.

• In 2021, the medical-use segment accounted for the largest revenue share of over 70.0%. Legalization of its use has served as a key factor for market growth.
• Recreational marijuana is expected to witness the fastest growth over the forecast period and is gaining more and more popularity with the youth around the world.
• Cannabis has been legalized for both recreational and medical use in the U.S. and Canada in the North American region.

Legal CannabisRegional Outlook

• North America
• Europe
• Asia
• Oceania
• Latin America and Caribbean
• Africa

Key Companies Profile& Market Share Insights

The companies are turning to expansion in their product portfolios as well as expansion through mergers and acquisitions of small players in the industry.

Some prominent players in the Legal Cannabis market include

• Canopy Growth Corporation
• GW Pharmaceuticals, plc
• Aurora Cannabis, Inc.
• Aphria, Inc.
• Cronos Group
• Tilray
• Sundial Growers Inc.
• Insys Therapeutics, Inc.
• The Scotts Company LLC
• VIVO Cannabis Inc.
• Cara Therapeutics Inc.

Order a free sample PDF of the Legal Cannabis Market Intelligence Study, published by Grand View Research.

HVAC systems market based on product, end use, 2030.

The global HVAC systems market size is anticipated to reach USD 234.9 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.

HVAC Systems Market Segmentation

Grand View Research has segmented the global HVAC systems market based on product, end use, and region:

Based on the Product Insights, the market is segmented into Heating, Ventilation and Cooling.

• The cooling segment dominated the market for HVAC systems and accounted for the largest revenue share of 54.7% in 2021.
• The cooling segment from 2022 to 2030 is projected to grow at an approximate CAGR of 6%.
• Apart from cooling, heating is also a major segment exhibiting gradual growth over the years. As of 2021, the segment captured over 20.0% share of the market.

Based on the End-use Insights, the market is segmented into Commercial, Residential and Industrial.

• The residential segment dominated the market for HVAC systems and accounted for the largest revenue share of 40.1% in 2021. An increase in multi-family and individual homeowners is creating avenues for the residential HVAC segment. As such in 2021 the segment was approximately valued at more than USD 50.0 billion.
• Commercial HVAC space offers huge opportunities for growth. The segment is projected to witness a CAGR exceeding 6.0% in the market for HVAC systems from 2022 to 2030.
• As the COVID-19 pandemic becomes an endemic, and permanent WFH models slowly transition to a hybrid working model, the demand for HVAC in commercial settings is anticipated to witness an uptick.

HVAC SystemsRegional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

Key Companies Profile& Market Share Insights

Inorganic growth strategies have been the go-to-market strategy for vendors in this space. The focus to increase market expanse and beat competition is achieved through partnerships and M&As.

Some prominent players in the HVAC Systems market include

• Carrier Corporation
• Daikin Industries, Ltd.
• Emerson Electric Co.
• Hitachi Ltd.
• Johnson Controls International plc
• Lennox International, Inc.
• Trane Technologies

Order a free sample PDF of the HVAC Systems Market Intelligence Study, published by Grand View Research.

Transplantation Market Share, Trends & Scope, Product Estimates & Strategy Framework To 2022 - 2030.

The global transplantation market size is expected to reach USD 30.9 billion by the year 2030, expanding at a CAGR of 9.4%, according to a new report by Grand View Research, Inc. Growing incidence of organ failure has resulted in massive growth in the transplantation market.

Rising demand for transplant products such as tissue products, immunosuppressants, and organ preservation solutions is a major factor anticipated to boost the market’s growth during the forecast period. Thus, many biotechnology and medical device companies have begun to concentrate on the development of advanced transplant products for the management of organ failure.

Transplantation Market Segmentation

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

Based on the Product Insights, the market is segmented into Tissue Products, Immunosuppressive Drugs and Preservation Solution.

• Tissue products were the highest revenue-generating segment in 2021 with a market share of 57.8%.The increasing number of transplantation procedures such as that of cochlear, heart valves, bone marrow, and orthopedic soft tissues is attributed to the growth of the segment.
• Immunosuppressive drugs segment is projected to showcase lucrative growth during the study period. This can be attributed to the high usage of these drugs to prevent post-transplant tissue or organ rejection.
• The preservation solutions segment is expected to exhibit significant growth during the study period due to rising government support for stem cell research and the high application of these products to improve the physiological function of organs.

Based on the Application Insights, the market is segmented into Organ Transplantation and Tissue Transplantation.

• Tissue transplantation dominates the market with market size of 7.6 billion in 2021. This is due to the fact that the replacement of skin, cornea, bones, heart valves, tendons, nerves, and veins are most commonly performed procedure worldwide.
• The organ transplantation segment is expected to show a lucrative growth rate during the forecast period. The increasing number of organ transplantations globally as well as the repetitive purchase of immunosuppressants is anticipated to boost the market growth in the near future.

Based on the End-use Insights, the market is segmented into Hospitals, Transplant Centers and Others.

• The hospitals segment held the largest market share of 49.6% in the year 2021.
• A large number of organ and tissue transplant procedures are conducted at hospitals as they are primary treatment centers. Additionally, the emergence of hospitals with developed infrastructure is further expected to fuel market growth.
• The number of transplant centers is expected to exhibit the highest growth during the forecast period. Escalating transplantation procedures have triggered the need for an increased number of healthcare centers catering to the unmet needs of the patients.
• Also, rising government initiatives to encourage organ donation are projected to propel market growth.

TransplantationRegional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile& Market Share Insights

The market is highly fragmented with the presence of many large, small, and medium-scale vendors.Rising regulatory approvals for allografts, autologous grafts, and other materials along with the development of innovative products, such as 3D bioprinting, have led to high demand for transplant products.

Some prominent players in the Transplantation market include

• AbbVie, Inc.
• Arthrex, Inc.
• Zimmer Biomet
• Medtronic
• Novartis AG
• Stryker
• 21st Century Medicine
• BioLifeSolutions, Inc
• Teva Pharmaceuticals
• Veloxis Pharmaceuticals

Order a free sample PDF of the Transplantation Market Intelligence Study, published by Grand View Research. 

Smart Antenna Market Demand, Growth And Development Trends By 2022 - 2030.

The global smart antenna market size is predicted to reach USD 14.49 billion by 2030 and is also anticipated to register a CAGR of 9.68% from 2022 to 2030, according to recent report by Grand View Research, Inc. The growing demand for updated technologies and high-quality wireless communication is driving the deployment of smart antennas. Smart antennas are utilized in various applications, including Wi-Fi, WiMAX, cellular, and RADAR systems. Benefits such as error-free communication, tailored data pathways, easy data flow, and co-channel interference prevention are expected to drive market growth.

Smart Antenna Market Segmentation

Grand View Research has segmented the global smart antenna market based on application, technology, and region:

Based on the Application Insights, the market is segmented into Wi-Fi Systems,WiMAX Systems, Cellular Systems and RADAR Systems

• The cellular systems segment accounted for the largest market share in 2021. The major application use of smart antennas is in cellular systems.
• The WiMAX system segment is anticipated to grow at the highest CAGR of 11.41% from 2022 to 2030.
• The WiMAX system enables operators to have more flexible options for mobile and fixed communication systems.
• Wi-Fi solutions are required for homes, colleges, and enterprises and smart antennas provide secure and long-range solutions for all.
• Smart antennas are able to provide secure solutions for Wi-Fi in the form of traditional and advanced multi-layer security.

Based on the Technology Insights, the market is segmented into SIMO, MIMO and MISO.

• The multiple input & multiple output (MIMO) technology segment is predicted to grow with the highest CAGR of 10.42% over the forecast period.
• The MIMO segment is the most advanced and widely used in the market currently. The MIMO technology offers boosted signal transfer at minimal costs and is highly preferred for its ease of use and cost benefits.
• The other technologies use single-channel arrays from the transmitters and do not offer strong signal quality. The older technologies are useful for slower and less data-intensive frequencies like 2G and radio waves.
• The data security in non-MIMO smart antennas is also lower as there is a lack of encryption. However, to upgrade the old technology-based smart antennas, the entire system needs to be replaced altogether.

Smart AntennaRegional Outlook

• North America
• Europe
• Asia Pacific
• Rest of the World

Key Companies Profile& Market Share Insights

In the smart antenna market, to solidify their presence and thrive in an ever-growing and competitive business industry, prominent market players conduct mergers & acquisitions and partnerships. With new technologies being introduced at a rapid rate, the market generates products around the need and demand.As smartphone demand increases, smart antenna demand also increases due to smartphones being the perfect use case for smart antenna’s capabilities.

Some prominent players in the Smart Antenna market include

• Airgain, Inc.
• Broadcom Inc.
• Intel Corporation
• Linx Technologies
• Motorola Solutions, Inc.
• Qualcomm Technologies, Inc.
• Sierra Wireless
• Telstra
• Texas Instruments Incorporated
• Trimble, Inc.

Order a free sample PDF of the Smart Antenna Market Intelligence Study, published by Grand View Research.

Facade Market Share & Scope, Product Estimates & Strategy Framework To 2022 - 2030.

The global facade market size is expected to reach USD 336.6 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The market is estimated to witness healthy growth over the forecast period owing to the development of advanced materials with capabilities that offer safety as well as visually appealing texture. Moreover, this exterior building face carries the attribute of both appearance and superior performance in a mode, unlike any other building system, which is expected to fuel the demand for the product over the next few years. The soaring need to lower heating and air-conditioning costs and achieve energy-efficiency is slated to stir up the demand for facades over the coming years. Growing focus on the development of sustainable products is likely to work in favor of the market.

Facade Market Segmentation

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

Based on the Product Insights, the market is segmented into Ventilated Facades, Non-ventilated Facades and Others.

• In 2020, the ventilated facades segment held the largest share of 44.3%. Ventilated facades are likely to be the most prominent product during the forecast period.
• In the ventilated facades segment, curtain walls are poised to be the fastest-growing sub-segment over the forecast period owing to their increasing penetration in commercial buildings.
• The market, at present, is dominated by classic designs, which are anticipated to be replaced by modern, eco-friendly designs over the coming years.
• Several basic materials used in the development of the product include aluminum, plastic and fiber, glass, ceramic, and steel. Aluminum and glass-based composite materials are widely used to build facades owing to their low weight and high transparency, respectively.

Based on the End-use Insights, the market is segmented into Commercial, Residential and Industrial.

• In 2020, the commercial end-use segment captured the largest share of exceeding 50.0%. Facades are extensively used in commercial and residential buildings to protect the interior and provide a visually appealing outer architecture.
• The product is extensively used in commercial buildings due to the availability of high construction budget among corporates.
• The rise in the number of commercial buildings, such as retail stores, hotels, medical centers, warehouses, and garages, in India, China, Brazil, and the Middle Eastern countries is expected to spur the growth of the market over the forecast period.
• Implementation of the product in residential buildings is also likely to increase over the next few years. This is primarily attributed to the rising customer awareness regarding energy saving, especially in the U.S., the U.K., Germany, China, and Japan.

FacadeRegional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile& Market Share Insights

Key market players are strategically focused on mergers and acquisitions in order to expand their geographical presence and overall product portfolios.Leading market players aggressively focus on forming partnership agreements to deploy facade products for specific applications, such as airports, metros, and stadiums.

Some prominent players in the Facade market include

• Rockpanel Group (ROCKWOOL B.V.)
• Aluplex
• Bouygues
• Enclos
• EOS Framing Limited
• Saint-Gobain Group
• AFS International B.V.
• Kingspan Group
• Lindner Group
• Fundermax
• Gartner (Permasteelisa Group)
• HansenGroup
• Hochtief
• National Enclosure Company, LLC.
• Schuco International (OTTO FUCHS KG)
• Skanska
• Trimod.o.o.
• Norsk Hydro ASA
• YKK AP Inc.

Order a free sample PDF of the Facade Market Intelligence Study, published by Grand View Research.