Particle Board Market is Anticipated to Witness a Promising Growth during the Forecast Period 2020-2027

According to the latest report by IMARC Group, titled “Particle Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global particle board market reached a value of US$ 21.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.9 Billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027.

Particle board, otherwise called low-density fiberboard (LDF), is an engineered wood made using a mixture of sawdust, sawmill shavings, timber chips, and synthetic resin. It is extensively available in various densities, sizes, the geometry of particles, and the amount of adhesive used. Particle boards are easy to install, lightweight, affordable, environment-friendly, and high in density and uniformity. As a result, they find widespread applications in making home furniture, such as bookcases, doors, kitchen cabinets, windows, wall and floor coverings, etc., in the commercial and residential sectors across the globe.

We are regularly tracking the direct effect of COVID-19on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The rising construction of homes, on account of the escalating urbanization and global population levels, is among the primary factors driving the particle board market. Besides this, the elevating product demand in commercial establishments for enhanced aesthetics, owing to the increasing working professionals and the emerging trend of modern offices, is further augmenting the market growth. Moreover, the growing popularity of particle boards in concert venues and recording studios as they can easily be painted, laminated, wallpapered, and have remarkable sound-absorbing properties is also catalyzing the global market. Apart from this, the impelling need for low-density fiberboard (LDF) in sports and outdoor events is acting as another significant growth-inducing factor. Furthermore, the launch of innovative product variants using raw materials derived from crop plants, including rice, cotton gin, banana, wheat, barley, coir, kenaf, etc., to improve the intrinsic qualities is anticipated to propel the particle board market over the forecasted period. 

Particle Board Market Research Report

Particle Board Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global particle board market has been studied in the report with the detailed profiles of the key players operating in the market.

Some Of These Key Players Include:

• Kastamonu Entegre
• Roseburg Forest Products Co.
• Norbord Inc.
• Boise Cascade Company
• Columbia Forest Products, Inc.

Key Market Segmentation:

The report has segmented the global particle board market on the basis of sector, application and region.

Breakup by Sector:

• New Construction
• Replacement

Breakup by Application:

• Residential
• Commercial

Breakup by Region:

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

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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 biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Transdermal Drug Delivery Systems Market Recent Scope, Growing Popularity, Emerging Trends in the Market

According to the latest report by IMARC Group, titled “Transdermal Drug Delivery Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global transdermal drug delivery systems market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Transdermal drug delivery systems involve a painless method of delivering drugs through the skin systematically. It is a preferred non-invasive alternative to the parenteral route and oral intravascular mode of drug delivery into the body. This method involves the penetration of drugs via the stratum corneum, which passes through the epidermis and dermis without the accumulation of drugs into the dermal layer of the skin. It is widely utilized for the treatment of chronic and acute illnesses as well as cosmetic therapies.

The global market is primarily driven by significant growth in the healthcare sector. Moreover, continual technological advancements across the industry, such as the introduction of iontophoresis that facilitates self-administration of drugs, are creating a positive outlook for the market. The rising investments by public and private firms to upgrade the existing healthcare infrastructure are also contributing to the market growth. Other factors, including the increasing preference for non-invasive treatments among the masses and extensive research and development (R&D) activities, are propelling the market growth further. 

Transdermal Drug Delivery Systems Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global transdermal drug delivery systems market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

·       3M Company

·       Acrux Limited

·       Boehringer Ingelheim International GmbH

·       Hisamitsu Pharmaceutical Co. Inc.

·       Lavipharm S.A.

·       LEAD CHEMICAL Co. Ltd.

·       Luye Pharma Group

·       Nutriband Inc.

·       Viatris Inc.

Key Market Segmentation:

The report has segmented the global transdermal drug delivery systems market on the basis of technology, application and region.

Breakup by Technology:

·       Electroporation

·       Radiofrequency

·       Iontophoresis

·       Microporation

·       Thermal

·       Mechanical Arrays

·       Ultrasound

·       Others

Breakup by Application:

·       Central Nervous System

·       Pain Management

·       Cardiovascular

·       Hormone

·       Others

Breakup by Region:

·       North America

·       Asia-Pacific

·       Europe

·       Latin America

·       Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/transdermal-drug-delivery-systems-market

Key highlights of the report:               

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

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
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Saudi Arabia Cat Food Market Size, Demand, Trends and Forecast By 2027

According to the latest report by IMARC Group, titled “Saudi Arabia Cat Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Saudi Arabia cat food market reached a value of US$ 31.8 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of around US$ 50.9 Million by 2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Cat food refers to commercially prepared food, made of animal- or plant-based materials, intended for the consumption of domesticated cats. It acts as an excellent source of proteins, fats, carbohydrates, and several other nutrients, such as minerals, vitamins, and amino acids. Cat food primarily includes poultry, meat, fish meal, milk products, fiber sources, grain, etc. Since cats are considered sacred, cheaper, and cleaner to buy and maintain, they are one of the most preferred pets in Saudi Arabia. As a result, the cat food market in the country has experienced sustained growth over the years.

The growing awareness among pet owners about the benefits offered by cat food providing essential nutrients, enhancing immune system, combating skin allergies, promoting healthy skin and a shiny coat, etc., is augmenting the market growth. Additionally, the rising popularity of customized treats and diet plans for cats is also propelling the market growth in Saudi Arabia. Moreover, the increasing shift towards premium cat food products with better nutritional value is further bolstering the market growth. Besides this, the expanding organized retail sector has enabled consumers to choose between different cat food products and brands in one place, which is expected to foster the market growth in the coming years.

Saudi Arabia Cat Food Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the Saudi Arabia cat food market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Saudi Arabia cat food market on the basis of product type, ingredient type and distribution channel.

Breakup by Product Type:

• Dry Food

• Wet & Canned Food

• Snacks & Treats

Breakup by Ingredient Type:

• Animal Derivatives

• Plant Derivatives

• Cereal Derivatives

• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets

• Convenience Stores

• Online Stores

• Others

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/Saudi-arabia-cat-food-market

Key highlights of the report:

• Market Performance (2016-2021) 

• Market Outlook (2022-2027)

• Industry Trends

• Market Drivers and Success Factors

• The Impact of COVID-19 on the Global Market

• Value Chain Analysis

• Structure of the Global Market

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

Saudi Arabia Dog Food Market Analysis and Growing Opportunity by 2026

Organic and Natural Pet Food Market Demand in South Korean Market: Industry Analysis and Demand Forecast, 2026

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

30 N Gould St, Ste R

Sheridan, WY 82801, USA

Email: sales@imarcgroup.com

Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800  

Why are Buses Sales Booming in United State?

The U.S. bus market will reach $11,237.7 million by 2030 at a CAGR of 4.7% during the forecast period, from $7,453.4 million in 2021. This is owing to the rapid urbanization and rising government spending on the advancement of public transport vehicles. Compared to traveling by personal vehicles, they conserve fuel and release lower levels of volatile chemicals into the air. Apart from this, they also meet economical standards, as the cost of traveling by public transport is a lot less than that of a single gallon of gasoline and diesel.

The electric category in the U.S. bus market will have the fastest growth within the propulsion segment, at a CAGR of approximately 30%, in the coming years. This can be ascribed to the subsidies, financial incentives, and tax credits offered by the federal and state governments on the sale of electric buses. Since these are high-occupancy vehicles, they certify for exemptions from toll charges in various states, such as Colorado, Georgia, California, Hawaii, and Arizona.

The schools bus category dominated the U.S. bus market, with approximately 55% share, in 2021. The same trend will be resumed in the vehicle type segment in the forecast period owing to the status of these buses as the largest sources of mass transportation in the nation. Standard buses are used extensively in schools as well as public transportation. It will maintain the dominance in the market at a higher growth rate owing to the negligible demand for customizable buses in schools.

To obtain a competitive advantage, major companies in the U.S. bus market have participated in partnerships, collaborations, and product launches in recent years. These companies are NFI Group Inc., AB Volvo, Blue Bird Corporation, BYD Company Limited, GreenPower Motor Company Inc., Lion Electric Company, Daimler Truck AG, GILLIG LLC, Navistar International Corporation, and REV Group Inc. For instance, the BZL Electric bus chassis was launched by AB Volvo in the country in September 2021. These buses are designed to help governments transition their public transportation fleets to non-emission variants.

Hence, the rapid urbanization and rising government spending on the advancement of public transport vehicles will offer lucrative opportunities in the market.

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Content Publisher: P&S Intelligence

Virtual Fitting Room Market Set to Flourish in Future

With the rapid rise in the popularity of e-commerce, the demand for virtual fitting rooms is growing rapidly across the world. As per the findings of the trade and development body of the United Nations, the United Nations Conference on Trade and Development (UNCTAD), a revenue of $25.6 trillion was generated by total online sales across the world in 2018. Moreover, the revenue generated by online sales grew by nearly 8% from 2017 to 2018.

Furthermore, as per the UNCTAD, the total revenue generated from e-commerce sales in 2018, including the business-to-business (B2B) and the business-to-customer (B2C) sales, was nearly 30% of the global gross domestic product (GDP) of that year. Additionally, according to the findings of the UNCTAD, in 2018, as many as 1.45 billion customers, which was approximately one-quarter of the global population in the age group— 15 years and older, purchased services/products online. 

Virtual Fitting Room Market Report 2022-2030

Besides the aforementioned factor, the increasing usage of mobile phones in various countries is also propelling the demand for virtual fitting rooms. As per the GSM Association, there were nearly 5.2 billion unique mobile phone subscribers across the world by the end of 2019. This number accounted for around 67% of the worldwide population and is predicted to grow to 5.8 billion by 2025. Most of these subscribers will be from Pakistan, China, Nigeria, and India. 

Because of the above-mentioned reasons, the popularity of virtual fitting rooms is rising rapidly throughout the world. This is driving the advancement of the global virtual fitting room market. The market value is predicted to grow from $3,128.6 million in 2019 to $19,250.4 million by 2030. Furthermore, the market is predicted to advance at a CAGR of 18.5% from 2020 to 2030. Depending on application, the market is classified into beauty and cosmetics, footwear, apparel, jewelry and watches, and eyewear.

Hence, it is safe to say that the demand for virtual fitting rooms will shoot-up all over the world in the upcoming years, primarily because of the rising digitization in retail operations and the increasing popularity of e-commerce, on account of the surging penetration of the internet and the growing usage of smartphones.

Automotive HMI Popularity Set to Boom in India in Future

The burgeoning requirement for in-vehicle connectivity is fueling the demand for automotive human-machine-interface (HMI) solutions in India. Nowadays, people want to stay connected with the outer world, even while traveling. Moreover, automobiles are increasingly becoming more connected with the outer world via cloud services. Due to the changing customer preferences, automotive manufacturing companies are launching partnerships with consumer electronic or information technology (IT) vendors in order to integrate in-vehicle connectivity features in their offerings.

For instance, AirWire Technologies, which is a U.S. based company, received a contract from Reliance Jio Infocom Ltd., which is a telecom operator in India, for manufacturing connected car devices. Additionally, Reliance Jio Infocom Ltd. is currently in talks with leading automobile manufacturers— Hyundai Motor India and Maruti Suzuki India Ltd.— for installing connected car devices in their passenger vehicles. The incorporation of these devices in passenger vehicles will allow passengers to access services such as entertainment, telematics, location-based apps, and WiFi hotspot. 

Increasing installation of these features is driving the demand for HMIs, as these devices are required for displaying the information and enabling smoother interaction of users with in-vehicle connectivity systems. These factors are fueling the expansion of the Indian automotive HMI market. Additionally, the soaring sales of vehicles in the country, on account of the booming population and increasing urbanization rate, are also driving the growth of the Indian automotive HMI market. According to the India Brand Equity Foundation (IBEF), the sales of automobiles grew in the country at a CAGR of 1.29% from FY16 to FY20 and reached 21.55 million units in FY20.

Hence, it can be said without any hesitation that the demand for automotive HMI systems will surge in India in the coming years, mainly because of the rising requirement for in-vehicle connectivity features and the soaring sales of premium cars in the country.

Self-Checkout Systems Market Key Reasons For the Present

The rising adoption of contactless payment procedures is one to the key factors fuelling the surge in the demand for self-checkout systems across the world. Contactless payment processes are increasingly being conducted with the help of smartphone-enable payment options and near-filed communication (NFC) technology. This concept allows the shoppers to use their smartphones for scanning the items that they want to buy at a service point-of-sale (POS) terminal. These systems allow the customers to make payments without being in direct contact with the payment machine, which in turn, drastically reduces the time taken for payment.  

The other major factor pushing the demand for self-checkout systems is the lower labor requirement of these machines for their operation. Many companies are increasingly adopting self-checkout systems in their stores on account of the fact that these systems reduce the labor costs. Moreover, multiple self-checkout systems can be easily operated by one person and this allows the stores to deploy their staff  to the sales floor and assist customers with their shopping, thereby enhancing the overall customer experience. 

Due to the above-mentioned factors, the revenue generated from the worldwide sales of self-checkout systems is predicted to increase from $2,522.1 million in 2017 to $4,642.7 million by 2023. The global self-checkout system market is expected to progress at a CAGR of 10.7% during the forecast period (2018–2023). There are two types of self-checkout systems — wall-mounted and countertop systems and standalone variants. Of these, the wall-mounted and countertop self-checkout systems are expected to record faster growth in usage during the forecast period, owing to the lesser space requirements of these systems. 

Across the world, the Asia-Pacific (APAC) region registered the fastest growth in the utilization of self-checkout systems over the last few years and this trend is predicted to continue during the forecast period as well. This is mainly attributed to the fact that in the various APAC countries such as India, Japan, and China, the store owners are increasingly incorporating the use of advanced technologies such as self-checkout systems in order to reduce labor requirement and enable faster human-free checkouts.

Therefore, it is certain that the demand for self-checkout systems will boom in the coming years, due to the growing adoption of automated technologies in store operations and the rising popularity of contactless payment processes.