Market Research Blog

The global wetsuit market is expected to surpass a valuation of US$ 1.78 Bn in 2021. Between 2021 and 2031, demand for wetsuits is projected to soar at a 6.5% CAGR.

To fulfil the growing demand, manufacturers are providing high-quality, cosy wetsuits that are tailored for various sports activities. According to the FMI analysis, the wetsuit market is projected to reach a valuation of US$ 1.78 Bn in 2021. Between 2021 and 2031, the market for wetsuits is projected to grow at a CAGR of 6.5 percent.

Wetsuit sales are being fueled by a shift in consumer tastes toward innovative designs that offer the best experience at competitive prices. Growing brand competition motivates participants to understand and prioritise customers’ needs in order to give them better water sports equipment.

Manufacturers are launching wets s comprised of green materials such as natural rubber and water-based adhesive as a substitute for neoprene as a result of tough standards established by regional governments to make eco-friendly items. Furthermore, the introduction of wetsuits produced from recycled plastics and water bottles is projected to gain popularity during the projection period.

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This technique potentially gives more flexibility to the wetsuit and stops continuous flow of water through the material. These developments are expected to continue augmenting growth of the wetsuit market over the forecast period.

“Introduction of safety technologies such as Shark Attack Mitigation System (SAMS) in wetsuits, along with emergence of indoor artificial water waves activities are projected to augment growth of the global wetsuit market through 2031,” says an FMI analyst.

Key Takeaways:

• Based on product type, the full sleeves wetsuits segment is expected to hold 70.4% of the total market share in 2021.Surfing as an application of wetsuits is likely to dominate the market with a share of 37.3% in 2021.
• Men wetsuits are highly in demand among the consumers. This is likely due to the availability of wetsuits for men in various sizes, designs, and colors. The segment is projected to hold 50.1% of the total wetsuit market share in 2021.In terms of price range, under US$ 100 is projected to hold the highest market share in 2021, at around 51.2%.
• Sales of wetsuits through water sporting accessories stores are expected to grow at a 5.4% CAGR through 2031.The U.S. is expected to dominate the North America wetsuit market, holding 83.9% of the market share in 2021.
• India will emerge as an attractive wetsuit market, accounting for 27.25 of the South Asisa market share in 2021.China is projected to account for 43.9% of the East Asia wetsuit market share in 2021.
• Japan and South Korea will account for 23.5% and 32.6% of the global wetsuit market share over the forecast period.

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Competitive Landscape

Prominent players present in the global wetsuits market are O’Neil Inc., Quicksilver Inc., Billabong International Limited, Aqualung, Gullewa Limited, Shieco Group Co., Ltd., Xcel, Patagonia Capital Ltd., Vissla, Rip Curl, Sisstrevolution, Speedo, BARE Sports, and Decathlon S.A. among others. Top 5 players in the wetsuit market are projected to account for 15-25% of the total market share over the forecast period.

Leading manufacturers of wetsuits are focusing on upon product development and implementing eco-friendly and new material that are more flexible, reliable, and provide better insulation to protect user from catching hyperthermia. For instance:

In 2020, Billabong introduced their new line-up of Eco-Conscious wetsuits that are made with recycler tech- meaning the graphene is infused with 100% P.E.T. recycled fibers.

Wetsuit Market by Category

By Product Type:

• Full Sleeves
• Short Sleeves

By Application:

• Surfing
• Underwater Diving
• Sailing
• River Rafting
• Others

By Consumer Orientation:

• Men
• Women
• Unisex

By Price Range:

• Under US$ 100
• US$ 100- US$ 200
• US$ 200 & Above

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global Dog Gates, Doors, & Pens Market to total US$ 4.9 billion by 2021. Between 2021 and 2031, the market is expected to increase at a CAGR of 6.6%.

The growing popularity of companion animals in the U.S. is a major factor in the need for dog gates, doors, and pens. According to FMI, the U.S. will control approximately 90% of the market in 2021, driving expansion throughout North America.

The United States has the most domestic pets per capita in the world, which is the main driver of the soaring need for dog enclosures, doors, and gates. The American Society for the Prevention of Cruelty to Animals (ASPCA) estimates that every year, about 6.3 companion animals enter animal shelters in the United States.

Growing adoption of dogs across the globe and technological innovation in the products are the major factors propelling growth. Increasing pet humanization among millennials, especially across India, Brazil, and Australia, are increasing the consciousness regarding the pet welfare.

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On the back of the aforementioned factor, demand for dog gates, doors, & pens will surge at over 6.6% CAGR during the forecast period. With increasing social media penetration, millennials are increasingly becoming aware regarding their responsibilities towards animals.

Increasing initiatives undertaken by animal rights activists and growing adoption of shelter animals have encouraged the millennials to adopt dogs as pets. Thereby, increasing the sales of dog doors and pens.

As per the FMI’s analysis, due to the onset of the novel COVID-19, the global dog gates, doors, & pens sales grew moderately as manufacturing activities were disrupted. However, adoption of pets surged, especially across India and Brazil, which boosted the demand for dog pens.

Hence, to cater the surging demand, key players relied on e-commerce giants such as Amazon and Walmart to sustain their position and generate lucrative revenues, benefiting the market.

Key Takeaways from FMI’s Dog Gates, Doors, & Pens Market Study

• Based on type, demand for electronic dog gates, doors, and pens will surge at 9.6% CAGR through 2021 & beyond
• In terms of product, dog pens segment is expected to hold more than half of market share.
• India and Australia are expected to emerge as the most lucrative market across South Asia and Oceania
• Germany is anticipated to hold the largest market share across Europe, accounting for nearly one-fourth of sales.
• In terms of sales channel, online retail stores are expected to dominate the segment over the forecast period
• Modern trade sales channel segment will hold the largest share in the market during the forecast period

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Who is Winning?

Some of the key players operating in the dog gates, doors, & pens market Richell Inc., Midwest Pet Products Inc., Ware Pet Products, FurHaven Pet Products, Endura Flap, Ideal Pet Products, Plexidor, Petsfit Inc., High Tech Pet Products Inc., Hale Pet Door, Takara Industry Co. Ltd., Gun Dog House Door Inc., Carlson Products, ZampaPet, and IRIS USA Inc. among others.

As per the FMI’s analysis, leading players in the market are focusing on product development, and sustainability to introduce new smart products such as smart pet doors integrated with cutting-edge technologies to expand their global footprints.

Also, the market players are adopting expansion strategies such as mergers and collaboration with local and online distributors to cater the surging need amidst the global pandemic. Industry giants are relying on digital marketing and social media platforms to reach global audience and improve their brand awareness.

The eyeshadow market grew by year-on-year (YoY)  5.5% in 2021, reaching a market valuation of US$ 2.7 Bn.

Expanding at a 6.8% CAGR, sales of eyeshadow are projected to top 743 Mn Units over the forecast period. Regionally, North America and Europe are expected to emerge as the most lucrative markets, with the U.K, the U.S., Australia and Germany emerging dominant as key producers.

The market for home goods is seeing an increase in demand for natural and organic goods, and the cosmetics industry has seen this trend pick up speed. As maintaining healthy skin becomes more important, natural products are growing in popularity among beauty enthusiasts.

The demand for cosmetics like eyeshadow has been directly impacted by this trend’s transformation of beauty enthusiasts. As consumer perceptions of natural beauty products change, key players are focusing on product development and innovation to meet the unique needs and requirements of knowledgeable beauty enthusiasts and beauty bloggers.

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Informed beauty enthusiasts often opt for color cosmetics such as eyeshadows that are safe and provide a natural experience. Hence, rising prevalence of natural and organic products has fueled growth in the eyeshadow market.

On the back of growing trend for natural and organic products, ‘plant-based’ has become a new buzz word in the market. Numerous key players are offering color cosmetics such as eyeshadows made from plant-based ingredients to voice out their products to potential and informed consumers.

For instance, MAC Cosmetics, Foraged Fields, W3LL People are few of the brands that are introducing ‘plant-based’ beauty products to promote their eyeshadow offerings. Subsequently, these players are also using numerous claims and connotations to further highlight the benefits of their eyeshadow offerings.

Few of the prominently used claims include clean, paraben-free, phthalate-free, sulfate-free, cruelty-free, gluten-free, mica-free, non-toxic, titanium-dioxide free, oxides-free, and non-GMO, among others. Such promotional strategies is grabbing the attention of millennials and beauty enthusiasts in the market.

 

Key Takeaways from the Eyeshadow Market Study

• In terms of product form, powder form holds a notable share of 44.7% through 2031 owing to the increasing adoption for personal as well as professional use.
• While professional application is dominating the market with largest market share, personal application segment will exhibit highest growth at 7.9% CAGR through 2021 & beyond.
• Online retail sales channel is expected to register a CAGR of 8.7% during the forecast period owing to the growing digital transition.
• The U.S. is expected to be the most lucrative market in North America reflecting growth at a CAGR of 2.3% through 2031.
• The U.K. will emerge as a leading market across Europe, registering growth at 5.1% CAGR during the forecast period

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Competitive Landscape

Beauty brands currently operating in the market are stressing more on ‘above-the-line’ promotional strategies that involves celebrity endorsements, marketing through media channels, and influencing consumer perception through in-store beauty experts and consultants.

Such active participation of beauty brands is further expected to improve the demand for eyeshadows in the coming years. Numerous leading brands are dominating the eyeshadow market, resulting in intense competition.

Several well-established brands are slowly losing their foothold in market as the market is currently experiencing the emergence of private label, prestige and indie brands. Thus to resist high competition, players in the market are focused on enhancing product development. For instance,

• In 2021, Charlotte Tilbury improved its product portfolio with the launch of its new cream eyeshadows in two new shades that includes Pilow Talk (shade of dusty pink along with rose-gold sparkle) Walk of No Shame (rusette-gold with sparkle).
• In 2020, MAC introduced new Underground BioBrilliant Glitter Eyeshadow Pallete with four shades made up of plant-based ingredients.
• In 2017, Tarte Cosmetics announced the launch of its new product line that included “Buried Treasure Eye Pallete” which comes with 10 shimmering shadows.

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Global Eyeshadow Market by Category

By Product Form:

• Powder Form
• Liquid Form
• Pencil Form
• Others

By Application:

• Personal Application
• Professional Application

By Price Range:

• Mass (Below US$25)
• Premium (Above US$25)

By Sales Channel:

• Hypermarkets/Supermarkets
• Specialty Stores
• Multi-Brand Stores
• Online Retailers
• Independent Departmental Stores
• Other Sales Channel

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Global cat litter sales are expected to grow at a healthy CAGR of over 5.3% during the forecast period 2021-2031, despite hindrances registered 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights. The market is projected to surpass US$ 7.3 Bn

Sales of goods like cat litter crystals and cat litter liners among others are being driven by the premiumization of pet services and the humanization of pets in North America, notably the U.S. Cat litter sales volumes can no longer be counted on for considerable growth because cat owners are demonstrating a readiness to spend more on pet accessories. Profitability is jeopardised by online retailers’ ability to undercut premium kitty litter producers with their own brands.

Globally, attitudes about pets are evolving, and cats are now seen as companion animals. This shift in view has strengthened the need for more research and development. For instance, in May 2020, Agricultural Research Services’ scientists developed a formulation for cat litter using food-grade mineral oil and eastern red cedar.

Previously, the researchers had also experimented with dried distiller’s grains, a byproduct of corn ethanol production. FMI in its latest study has forecasted sales through grow with the aid of cat litter subscription business models.

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The increasing usage of natural and biodegradable ingredients in litter is expected to drive the sales of cat litter during the forecast period. Promotional efforts undertaken by brands in relation to launching campaigns and events on social media platforms to gain a wider consumer base is likely to open up new opportunities.

Key Takeaways from the Cat litter Market Study

• Clumping litter products are expected to hold the lead with a valuation of US$ 4.1 Bn, supported by efficacy and ease in absorption and disposal.
• Fine clay litter remains a preferred form owing to cost benefits, albeit reflecting a sluggish 3% rate of growth through 2031.
• The U.S. will continue to dominate North America with a 78.2% value share in 2021, driven largely by pet humanization trends.
• Germany accounts for over 19% of the Europe market in 2021, the presence of key pet product manufacturers drives growth.
• China is a leading market in East Asia. However, the country is projected to steadily lose its share to South Korea and Japan reflecting 12.2% and 10% CAGRs.

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Impact of COVID-19 on the Global Cat Litter Market

The outbreak of the covid-19 virus resulted in an economic downswing causing major disruptions in the store-based retail category. Amid the pandemic, many online retailers reported a surge in the demand for pet care products from existing and new customers who were actively looking to stock pile essential pet product categories.

Online retailers have benefited from increased sales, but these businesses also faced headwinds including labor costs of maintaining health and safety standards. Recovery of conventional distribution channels is likely to be strong through 2021 and beyond, as pandemic restrictions are gradually relaxed on a global scale.

Global Cat Litter Market by Category

By Product Type:

• Clumping
• Non-Clumping

By Material Type:

• Clay
• Silica
• Plant Fibers
  • Pine
  • Paper/Wood
  • Walnut
  • Corn
  • Others (wheat, Grass, Pea fibers, etc.)

By Life Stage:

• Adult
• Kitten

By Nature:

• Natural
• Conventional

By Type:

• Scented/ Fragrance
• Unscented/ Without Fragrance

By Brand Type:

• Prestige Brands
• Mass Brands
• Private Label

By Form Type:

• Clay
  • Fine Litter
  • Coarse Litter
• Silica
  • Fine Litter
  • Coarse Litter
• Plant Fibers
  • Fine Litter
  • Coarse Litter

By Price Range:

• US$5-US$10
• US$10-US$20
• Above US$20

By Sales Channel:

• Direct Sales Channel
• Indirect Sales Channel
  • Hypermarkets/Supermarkets
  • Multi-Brand Stores
  • Pet Care Centres
  • Pet Specialty Stores
  • Online Retailers
  • Discount Stores
  • Drug Stores

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

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Who is winning in Global Cat Litter Market?

Consumer convenience is at the forefront of leading market strategies. The brand Tidy Cats is one such example. The brand on its website has introduced a cat litter selector, a system that helps the pet parents to find the best cat litter option considering their feline needs. This is simply done by questioning the consumers about a few preferences. Aggressive promotional strategies, advertisements, and new product launches have also driven sales of cat litter products globally.

Some of the key players present in the cat litter market are Purina (Nestle SA), Kent Pet Group, Dr. Elsey’s Cat Products, Church & Dwight Co., Dirk Rosmann GmbH., dm-drogerie markt GmbH + Co. KG, Fressnapf Tiernahrungs GmbH, The Clorox Company, Mars Incorporated, J. RETTENMAIER & SÖHNE Gmbh + Co KG, H. von Gimborn GmbH., Tolsa Company, Gruppo Laviosa Minerals Srl and among others.

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Sales of waterless cosmetics are expected to grow rapidly between 2021 and 2031, with a CAGR of over 13.3%. (FMI). The research study analyses the sales of waterless cosmetics in more than 20 countries and paints a clear picture of the future development of the growing trend.

The study tracks sales of carpet and flooring in more than 20 countries and provides a clear forecast of how growth will proceed.

The study shows that sustainability has moved from being an afterthought to being at the forefront as a large number of carbon-conscious consumers demand goods that are in line with issues they care about.

For designers, architects, and the clients they create for, sustainability is unquestionably important. When flooring and carpet are chosen for further design, it indicates that the companies are already working toward sustainability due to the minimal waste that is produced during installation.

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Over 37% of market sales are for skincare items, a particular product category. Creams, lotions, serums, cleansers, and other items that are waterless are included in this category. In the upcoming years, it is anticipated that the growing demand for natural and organic cosmetics would propel the market for waterless cosmetics.

Key Takeaways from the Waterless Cosmetics Market Study

• Rising demand for sustainable beauty products will enable the waterless cosmetics market reach a valuation of US$ 8.9 Bn by 2021
• Besides high awareness, willingness to spend on sustainable beauty formula will drive waterless cosmetics sales in the U.S., which is expected to account for nearly 80% of the North America market
• Increasing demand for organic skincare will enable the U.K. market to exhibit 5.3% y-o-y growth in 2021 following a period of lull in 2020
• The demand for cruelty free, vegan, and organic cosmetics will drive sales of waterless cosmetics in India
• Expansion of the beauty sector in Japan and South Korea will drive sales in East Asia

Impact of COVID-19 on the Market:

Global demand for waterless cosmetics was growing at a moderate rate prior to the COVID-19 pandemic. Major international markets have experienced dual effects following the pandemic. Store closures in various regions had a significant impact on the growth of beauty products, including waterless cosmetics, as store-based retailing is a significant distribution channel in the beauty industry.

The demand for eco-friendly skincare products has increased in the aftermath of the pandemic, with stay-at-home orders and safer-at-home advisories issued across the world. Additionally, shortage of workers in the sector, less consumption, high cost of production, and shortage of raw materials among other factors have been hampering the waterless cosmetics market.

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Who is Winning?

Some of the key players present in the waterless cosmetics market are Unilever Plc., The Waterless Beauty Company, L’Oreal SA, Kao Corporation, The Procter & Gamble Company, Loli, Clensta, Ruby’s Organics, Taiki USA, Ktein, Niconi, True Botanicals, Allies Group Pte. Ltd., Lavedo Cosmetics, May Coop, No Cosmetics, Azafran Innovacio006E, and Carter + Jane, among others. Players in the industry have begun to offer discounts on cosmetic brands in order to entice end users to embrace the most up-to-date waterless cosmetics.

Waterless Cosmetics Market by Category

Product Type:

• Skincare
• Hair Care
• Cosmetics
• Others

Sales Channel:

• Wholesalers/Distributors
• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Departmental Stores
• Online Retail
• Other Retail Formats

Price Range:

• Economy (Below US$30)
• Mid-Range (US$30 to US$60)
• Premium (Above US$60)

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Middle East and Africa (MEA)
• Oceania

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The baby diaper market  is projected to reach a valuation of US$ 63.67 Bn. Baby diapers sales will rise consistently. FMI forecasts the market to exhibit 5% CAGR between 2021 and 2031.

According to a study by Future Market Insights (FMI), some of the leading manufacturers are focusing on ensuring bio-degradability in order to ensure products are recyclable. Driven by these developments, the market is expected to reach a valuation of US$ 63.67 Bn.

Regular diapers don’t disintegrate well in a landfill, unlike biodegradable ones. Additionally, it takes about a few years for disposable diapers to break down. Plastic diapers contribute a significant volume of unprocessed waste that is regularly dumped in landfills and can contaminate groundwater.

Along with this, growing environmental concerns are a major driver of the market for biodegradable diapers. Disposable diapers include a variety of synthetic substances that may be harmful to health. These include sodium polyacrylate, volatile organic compounds, tributyl-tin, dyes, and other chemicals. These artificial compounds can give a baby tingly sensations as well as a variety of medical concerns, including cancer, hormone interference, respiratory problems, and other health issues.

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With consumers increasingly focusing on eco-friendly buys, the demand for biodegradable or reusable baby diapers is expected to surge. In addition, cost-effective pricing of products, presence of a relatively untapped market for bio-degradable baby diapers in underdeveloped and developing countries, and rapid urbanization are other factors expected to propel bio-degradable baby diapers sales over the forecast period.

Thus, increasing awareness on negative impact of these chemicals and baby hygiene among individuals shifting the consumer preference towards bio-degradable diapers. Subsequently, organizations are investing in R&D to ensure impact of products on the climate is zero to minimal. According to FMI, despite the dominance of disposable diapers, the reusable baby diapers sales will rise at 5.1% CAGR between 2021 and 2031.

Key Takeaways from the Baby Diaper Market Study

• Baby diapers sales will rise consistently. FMI forecasts the market to exhibit 5% CAGR between 2021 and 2031
• The U.S. showcases high focus on offering best possible baby care. It therefore accounts for 80% of baby diapers sales in North America
• Despite sluggish growth registered amid pandemic, the U.K. market will recover, exhibiting 4.6% y-o-y growth in 2021
• Germany and Spain will emerge as other key markets for sales within Europe
• China will remain a key market for baby diapers sales in East Asia, as consumers show higher willingness to spend on advanced baby care. Japan will follow closely, emerging as second-leading market

“Companies are focusing on penetration in rural areas to capitalize on untapped opportunities. They are therefore increasingly investing in various awareness campaigns to educate widely scattered demography of prospective buyers about the benefits of baby diapers for the health and wellbeing of their children,” says an FMI analyst.

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Impact of COIVD-19 & 2020 Market Analysis

The COVID-19 outbreak resulted in the imposition of lockdowns in various nations that has considerably affected the net sales and production of baby diapers. Companies were unable to operate across the world, which in turn has impacted baby diaper demand severely. Besides this, travel restrictions adversely impacted operations within the market.

With second and third wave of pandemic on card, baby diaper companies are extending various offers on bulk purchase of baby diapers. With situation predicted to recover in the coming days, the baby diapers sales will rise in the near future.

Who is winning?

Some of the key players operating in the Baby Diaper market are Kimberly-Clark Corporation, Procter & Gamble Company, Kao Corporation, Unicharm Corporation, Cardinal Health Inc., Ontex International N.V., Bambo Nature USA, PAUL HARTMANN AG, C. R. Bard, Inc., Aleva Naturals (D&G Laboratories Inc.), B. Braun Melsungen AG, Babyganics (S.C. Johnson & Son Inc.), Bambino Mio Ltd., Bambo Nature USA (Abena Group), The Honest Company Inc., Bumkins, Charlie Banana USA LLC, ConvaTec Inc., Earth’s best (The Hain Celestial Group, Inc.), ECOABLE, Seventh Generation, Inc., Flip Diapers (Cotton Babies, Inc.), Fujian Hengan Group Ltd., Fujian Yifa Healthcare Products Co., Ltd., GeffenBaby.com, GroVia, Hengan International Group, Medline Industries Inc., Mega Soft (Fujian) Hygiene Products Co., Ltd., and Naty AB among others.

These companies are primarily focusing on product launches and expanding their geographic reach to gain competitive edge. For instance:

• In May 2020, The Honest Company Inc. focuses on expanding the brand’s internal laboratories and R&D team and opened a fulfilment center, which would help the company to gain more control over its production and ingredient standards, fulfil shipments faster and pivot quickly.
• In 2019, The Procter and Gamble Company launched the no tape diaper Pampers Cruisers 360 fit with a stretch waistband. The baby diaper is designed especially for active babies, and toddlers and had dual leak-guard barriers seal around the baby’s legs.
• In 2019, Hello Bello launched a premium baby diaper specifically designed with proprietary spherical absorbent technology that can absorb 50 times its weight in fluid.

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https://medium.com/@komalsah7595/disposable-e-cigarettes-market-trends-size-share-regional-analysis-by-key-players-industry-522f7836cfbd

https://www.reddit.com/user/No-Professional-5211/comments/wpp90u/disposable_ecigarettes_market_trends_size_growth/

https://careero.mn.co/posts/26097204?utm_source=manual

https://beyondher.mn.co/posts/26097206?utm_source=manual

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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