Sunday, November 5, 2023

Global Testing, Inspection and Certification (TIC) Market Research Report 2023

What is Global Testing, Inspection and Certification (TIC) Market?

The Global Testing, Inspection and Certification (TIC) Market is a vast and complex field that encompasses a wide range of services. These services are designed to ensure that products, systems, and services meet specific requirements, whether they are related to quality, health and safety, environmental protection, or other factors. The TIC market is a critical component of the global economy, as it helps to ensure that products and services are safe, reliable, and of high quality. It also plays a crucial role in facilitating international trade, as it helps to build trust between buyers and sellers by providing independent verification of compliance with standards and regulations. The TIC market is highly diverse, with services ranging from testing and inspection of products and systems, to certification of management systems, to training and consulting. The market is also highly competitive, with a large number of players offering a wide range of services. Despite this competition, the market is expected to grow at a steady pace in the coming years, driven by factors such as increasing globalization, growing consumer awareness about product quality and safety, and tightening regulations and standards.

Testing, Inspection and Certification (TIC) Market

Mandatory Testing, Inspection and Certification Services, Market Testing, Inspection and Certification Services in the Global Testing, Inspection and Certification (TIC) Market:

Mandatory Testing, Inspection and Certification Services are a key part of the Global Testing, Inspection and Certification (TIC) Market. These services are required by law or regulation in many countries, and are designed to ensure that products, systems, and services meet specific safety, quality, or environmental standards. Market Testing, Inspection and Certification Services, on the other hand, are services that are not required by law, but are often used by companies to demonstrate that their products or services meet certain standards or specifications. These services can help companies to differentiate their products or services in the market, and can also help to build trust with customers. The demand for both mandatory and market TIC services is expected to grow in the coming years, driven by factors such as increasing globalization, growing consumer awareness about product quality and safety, and tightening regulations and standards.

Food, Energy, Consumer Goods, Automotive, Manufacturing, Infrastructure and Railways, Others in the Global Testing, Inspection and Certification (TIC) Market:

The Global Testing, Inspection and Certification (TIC) Market plays a crucial role in a wide range of sectors, including food, energy, consumer goods, automotive, manufacturing, infrastructure and railways, among others. In the food sector, TIC services are used to ensure that food products meet safety and quality standards, and to verify compliance with regulations related to food labeling, nutrition, and allergens. In the energy sector, TIC services are used to verify compliance with safety and environmental standards, and to certify the performance of energy systems and equipment. In the consumer goods sector, TIC services are used to test and certify a wide range of products, from electronics and appliances, to toys and clothing. In the automotive sector, TIC services are used to test and certify vehicles and automotive components, and to verify compliance with safety and environmental regulations. In the manufacturing sector, TIC services are used to certify the quality of manufacturing processes, and to verify compliance with health and safety regulations. In the infrastructure and railways sector, TIC services are used to inspect and certify infrastructure projects, and to verify compliance with safety and quality standards.

Global Testing, Inspection and Certification (TIC) Market Outlook:

The Global Testing, Inspection and Certification (TIC) Market is a dynamic and growing field. In 2022, the market was valued at US$ 118150 million. This figure is expected to increase to US$ 156530 million by 2029, representing a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2023 to 2029. This growth is expected to be driven by a number of factors, including increasing globalization, growing consumer awareness about product quality and safety, and tightening regulations and standards. Despite the large number of players in the market, the top five companies hold a combined market share of about 15%. This indicates that the market is highly competitive, with a large number of companies offering a wide range of services. However, the market is also highly diverse, with a wide range of services being offered to a wide range of sectors. This diversity, combined with the expected growth in demand for TIC services, suggests that there are significant opportunities for companies in the TIC market.


Report Metric Details
Report Name Testing, Inspection and Certification (TIC) Market
Accounted market size in 2022 US$ 118150 in million
Forecasted market size in 2029 US$ 156530 million
CAGR 4.8%
Base Year 2022
Forecasted years 2023 - 2029
Segment by Type
  • Mandatory Testing, Inspection and Certification Services
  • Market Testing, Inspection and Certification Services
Segment by Application
  • Food
  • Energy
  • Consumer Goods
  • Automotive
  • Manufacturing
  • Infrastructure and Railways
  • Others
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company SGS, Bureau Veritas, Eurofins Scientific, Intertek, Dekra, TUV SUD, TÜV Rheinland, Applus, DNV GL, ALS Global, TUV NORD, UL Services, Lloyd’s Register, CCIC, SIRIM QAS, Guangzhou GRG Metrology &Test co.Ltd
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Facility Management (FM) Services Market Research Report 2023

What is Global Facility Management (FM) Services Market?

The Global Facility Management (FM) Services Market is a vast and dynamic sector that plays a crucial role in the smooth operation of various industries worldwide. This market encompasses a wide range of services that are essential for the efficient and effective functioning of any facility, be it a commercial building, a residential complex, or a government establishment. These services include property management, cleaning, security, catering, support services, and many others. The primary goal of facility management services is to ensure that the facilities are operating at their optimal level, thereby contributing to the overall productivity and profitability of the organizations that utilize these services. The global FM services market is a highly competitive one, with numerous players vying for a share of this lucrative market. The demand for these services is driven by the increasing need for efficient and cost-effective management of facilities, coupled with the growing awareness about the benefits of outsourcing these services. However, the market also faces several challenges, such as the need for high initial investment and the lack of skilled professionals in this field. Despite these challenges, the global FM services market is expected to witness significant growth in the coming years, thanks to the increasing adoption of these services by various industries.

Facility Management (FM) Services Market

Soft Services, Hard Services in the Global Facility Management (FM) Services Market:

The Global Facility Management (FM) Services Market is divided into two main categories: Soft Services and Hard Services. Soft Services are those that are more focused on the people aspect of facility management. These include services like cleaning, security, catering, and other support services. These services are essential for creating a safe, clean, and comfortable environment for the people who use the facilities. On the other hand, Hard Services are more concerned with the physical aspects of the facility. These include services like property management, maintenance, and repair of the physical infrastructure of the facility. Both these types of services are crucial for the efficient functioning of any facility. However, the demand for these services can vary depending on the type of facility and the specific needs of the organization. For instance, a commercial building might require more hard services, while a residential complex might require more soft services. Despite these differences, both soft and hard services are expected to witness steady demand in the global FM services market, thanks to the growing need for efficient and effective facility management.

Commercial Buildings, Residential Buildings, Government Buildings in the Global Facility Management (FM) Services Market:

The Global Facility Management (FM) Services Market finds extensive application in various areas, including Commercial Buildings, Residential Buildings, and Government Buildings. In Commercial Buildings, these services are used to ensure the smooth operation of the facilities, thereby contributing to the overall productivity and profitability of the businesses that operate in these buildings. These services can include everything from cleaning and security to property management and maintenance. In Residential Buildings, FM services are used to ensure the comfort and safety of the residents. These services can include cleaning, security, catering, and other support services. In Government Buildings, FM services are used to ensure the efficient functioning of the facilities, thereby enabling the government to deliver its services to the public in an effective manner. These services can include property management, cleaning, security, and other support services. The demand for FM services in these areas is driven by the increasing need for efficient and cost-effective management of facilities, coupled with the growing awareness about the benefits of outsourcing these services.

Global Facility Management (FM) Services Market Outlook:

The global Facility Management (FM) Services market is on a growth trajectory. As of 2022, the market was valued at a whopping US$ 39600 million. The market is projected to grow at a steady pace, with an anticipated value of US$ 52460 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period of 2023-2029. The market is dominated by the top 3 players who collectively hold about 40% of the global market shares. In terms of types of services, Soft Services lead the market with a share of about 60%. This indicates the high demand for services that focus on the people aspect of facility management, such as cleaning, security, and catering. When it comes to applications, Commercial Buildings take the lead, holding a share of about 65%. This underscores the crucial role of FM services in ensuring the smooth operation of commercial facilities, thereby contributing to the overall productivity and profitability of the businesses that operate in these buildings.


Report Metric Details
Report Name Facility Management (FM) Services Market
Accounted market size in 2022 US$ 39600 in million
Forecasted market size in 2029 US$ 52460 million
CAGR 4.8%
Base Year 2022
Forecasted years 2023 - 2029
Segment by Type
  • Soft Services
  • Hard Services
Segment by Application
  • Commercial Buildings
  • Residential Buildings
  • Government Buildings
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Compass Group, Cushman & Wakefield, Macro, Aramark, CB Richard Ellis, ISS, Sodexo, Apleona HSG, Cofely Besix, GDI, OCS Group, KnightFM, Continuum Services, Jones Lang LaSalle, Camelot Facility Solutions, Veranova Properties, Brookfield Global Integrated Solutions, Global Facility Management and Construction, NG&G Facility Services, Updater Services
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Pallet Rack Market Research Report 2023

What is Global Pallet Rack Market?

The Global Pallet Rack Market is a comprehensive study of the various types of pallet racks used worldwide. Pallet racks are essentially storage solutions used in warehouses, distribution centers, and manufacturing facilities to maximize storage space and improve efficiency. They come in various types and designs, each suited to different kinds of storage needs and warehouse layouts. The global market for these racks is vast and diverse, with numerous manufacturers and suppliers catering to a wide range of industries and sectors. The market's value was estimated at US$ 2746.2 million in 2022, and it is projected to reach US$ 3827.8 million by 2029, growing at a CAGR of 4.8% during the forecast period 2023-2029.

Pallet Rack Market

Selective Pallet Rack, Drive-In and Drive-Through Pallet Rack, Push-Back Pallet Rack, Pallet Flow Rack, Others in the Global Pallet Rack Market:

Selective Pallet Rack, Drive-In and Drive-Through Pallet Rack, Push-Back Pallet Rack, Pallet Flow Rack, and others are some of the types of pallet racks available in the Global Pallet Rack Market. Selective Pallet Racks are the most popular type, accounting for over 40% of the sales volume. These racks allow for direct access to all pallets and are ideal for warehouses with high turnover rates. Drive-In and Drive-Through Pallet Racks are designed for high-density storage. They allow forklifts to drive directly into the rack to load or unload pallets. Push-Back Pallet Racks are dynamic storage systems that use gravity to move pallets towards the front of the rack. Pallet Flow Racks, on the other hand, use a conveyor system to move pallets from one end of the rack to the other. Other types of pallet racks include cantilever racks, mobile racking systems, and shuttle racking systems.

Distribution Centers, Manufacturing Facilities, Large-Scale Retail, Others in the Global Pallet Rack Market:

The Global Pallet Rack Market finds its usage in various areas such as Distribution Centers, Manufacturing Facilities, Large-Scale Retail, and others. Distribution Centers use pallet racks to store goods that are to be distributed to various locations. These racks help in organizing the goods, making them easily accessible, and ensuring efficient use of space. Manufacturing Facilities use pallet racks to store raw materials, work-in-progress goods, and finished products. They help in maintaining an organized production line and reducing the time taken to locate and retrieve items. Large-Scale Retail stores use pallet racks to display and store their products. They help in creating an appealing product display and ensuring easy access for customers. Other areas where pallet racks are used include cold storage facilities, e-commerce warehouses, and third-party logistics providers.

Global Pallet Rack Market Outlook:

The global Pallet Rack market outlook highlights the market's growth and the key players contributing to this growth. The market was valued at US$ 2746.2 million in 2022 and is expected to reach US$ 3827.8 million by 2029, growing at a CAGR of 4.8% during the forecast period 2023-2029. Selective pallet rack is the most popular type, accounting for over 40% of the sales volume. The top 8 players in the Pallet Rack market are Averys, SSI SCHAEFER, Unarco Material Handling, Ridg-U-Rak, KION Group, Steel King, Mecalux, and Elite Storage Solutions, collectively holding about 20% of the market shares. In 2018, North America accounted for 27% of the primary sales market share. These figures indicate the market's potential and the opportunities it presents for both existing players and new entrants.


Report Metric Details
Report Name Pallet Rack Market
Accounted market size in 2022 US$ 2746.2 in million
Forecasted market size in 2029 US$ 3827.8 million
CAGR 4.8%
Base Year 2022
Forecasted years 2023 - 2029
Segment by Type
  • Selective Pallet Rack
  • Drive-In and Drive-Through Pallet Rack
  • Push-Back Pallet Rack
  • Pallet Flow Rack
  • Others
Segment by Application
  • Distribution Centers
  • Manufacturing Facilities
  • Large-Scale Retail
  • Others
Production by Region
  • North America
  • Europe
  • China
  • Japan
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Averys, SSI SCHAEFER, Unarco Material Handling, Ridg-U-Rak, KION Group, Steel King, Mecalux, Elite Storage Solutions, Daifuku, Advance Storage Products, AR Racking, Inform, Hannibal Industries, Nedcon, JINGXING, TKSL, Frazier Industrial, Top-tiger, Murata Machinery, Rack Builders, North American Steel, Speedrack Products, Constructor Group, Ouyade, Sanshin Metal Working, Nanjing Kingmore, Tianjin Master Logistics, Jiangsu NOVA
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Portable Evaporative Air Cooler Market Research Report 2023

What is Global Portable Evaporative Air Cooler Market?

The Global Portable Evaporative Air Cooler Market is a sector that focuses on the production and distribution of portable evaporative air coolers. These devices are designed to cool the air through the evaporation of water, providing an energy-efficient and environmentally friendly alternative to traditional air conditioning systems. The market is global in nature, with products being manufactured and sold in various countries around the world. The market includes a variety of products, including both automatic and semi-automatic portable evaporative air coolers. However, the market is not limited to these two types of products, as it also includes other types of portable evaporative air coolers. The market is driven by a variety of factors, including the increasing demand for energy-efficient cooling solutions and the growing awareness of the environmental impact of traditional air conditioning systems. Despite these drivers, the market faces several challenges, including the high cost of portable evaporative air coolers and the availability of alternative cooling solutions.

Portable Evaporative Air Cooler Market

Automatic Portable Evaporative Air Cooler, Semi-Automatic Portable Evaporative Air Cooler in the Global Portable Evaporative Air Cooler Market:

The Global Portable Evaporative Air Cooler Market includes two main types of products: automatic portable evaporative air coolers and semi-automatic portable evaporative air coolers. Automatic portable evaporative air coolers are designed to operate without the need for manual intervention. They are equipped with sensors that detect changes in the temperature and humidity levels in the environment, and adjust the cooling process accordingly. On the other hand, semi-automatic portable evaporative air coolers require some level of manual intervention. They are typically equipped with a control panel that allows users to adjust the cooling process according to their preferences. Both types of products are designed to provide an energy-efficient and environmentally friendly cooling solution, and are suitable for use in a variety of settings, including homes, offices, and commercial establishments. However, the choice between the two types of products depends on the specific needs and preferences of the user.

Commercial, Household in the Global Portable Evaporative Air Cooler Market:

The Global Portable Evaporative Air Cooler Market products are used in a variety of settings, including both commercial and household environments. In commercial settings, portable evaporative air coolers are used to cool large areas such as offices, warehouses, and retail stores. They are particularly useful in environments where the installation of traditional air conditioning systems is not feasible or cost-effective. In household settings, portable evaporative air coolers are used to cool individual rooms or areas of the home. They are an attractive option for homeowners who are looking for an energy-efficient and environmentally friendly cooling solution. Despite their benefits, the use of portable evaporative air coolers in both commercial and household settings is influenced by a variety of factors, including the climate of the area, the availability of water, and the cost of the product.

Global Portable Evaporative Air Cooler Market Outlook:

The Global Portable Evaporative Air Cooler Market was valued at US$ 380.8 million in 2022. It is expected to grow significantly and reach a value of US$ 530.8 million by 2029. This represents a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2023 to 2029. The market is dominated by a few key players, including Symphony(Keruilai), Aolan, and Jinghui, which collectively accounted for 31% of the market's revenues in 2019. These companies have a strong presence in the market and have a significant influence on its growth and development. However, the market is also characterized by the presence of several other players, who contribute to its competitive nature.


Report Metric Details
Report Name Portable Evaporative Air Cooler Market
Accounted market size in 2022 US$ 380.8 million
Forecasted market size in 2029 US$ 530.8 million
CAGR 4.8%
Base Year 2022
Forecasted years 2023 - 2029
Segment by Type
  • Automatic Portable Evaporative Air Cooler
  • Semi-Automatic Portable Evaporative Air Cooler
Segment by Application
  • Commercial
  • Household
Production by Region
  • North America
  • Europe
  • China
  • Japan
  • India
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Symphony(Keruilai), Aolan, Jinghui, Lianchuang, Hessaire, Kenstar(Worldwide）, Khaitan, Bajaj Electricals, Honeywell, SPT, Media, NewAir(Luma Comfort)
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Cold Box Resin Casting Market Research Report 2023

What is Global Cold Box Resin Casting Market?

The Global Cold Box Resin Casting Market is a specialized sector within the larger casting industry. It refers to the use of cold box resin, a type of binder, in the casting process. The casting process involves pouring liquid metal into a mold, which then hardens to form a specific shape. The cold box resin is used to bind the sand in the mold, ensuring that it retains its shape during the casting process. This method is particularly popular due to its high productivity, excellent dimensional accuracy, and the ability to cast intricate shapes. The global market for this product is significant, with a value of US$ 795 million in 2022. It is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2029, reaching a value of US$ 1108.1 million.

Cold Box Resin Casting Market

Phenolic Urethane Cold Box Binder (PUCB), Phenollc Ester Cold Box (PECB) Binder, Others in the Global Cold Box Resin Casting Market:

The Global Cold Box Resin Casting Market is segmented based on the type of binder used. These include Phenolic Urethane Cold Box Binder (PUCB), Phenolic Ester Cold Box (PECB) Binder, and others. PUCB is a two-part system that offers excellent dimensional stability and high productivity. It is particularly suited for producing large cores and molds. PECB, on the other hand, is a single-part system that offers excellent shakeout and high hot strength. It is ideal for producing small to medium-sized cores and molds. The choice of binder depends on the specific requirements of the casting process. The leading companies in this market are ASK Chemicals, HA-International, and Vesuvius Group, which collectively hold a market share of close to 50%.

Cast Iron Casting, Steel Casting, Aluminum Casting, Others in the Global Cold Box Resin Casting Market:

The Global Cold Box Resin Casting Market finds its applications in various areas such as Cast Iron Casting, Steel Casting, Aluminum Casting, and others. Cast Iron Casting is the dominant application, accounting for more than 60% of the market share. This is because cast iron has excellent fluidity, which makes it ideal for casting intricate shapes. Furthermore, the use of cold box resin ensures that the mold retains its shape during the casting process, resulting in high-quality castings. Steel Casting and Aluminum Casting also make use of cold box resin, although to a lesser extent. The choice of metal depends on the specific requirements of the end product.

Global Cold Box Resin Casting Market Outlook:

The Global Cold Box Resin Casting Market is on a positive growth trajectory. In 2022, the market was valued at US$ 795 million. It is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2029, reaching a value of US$ 1108.1 million. This growth is driven by the increasing demand for high-quality castings in various industries such as automotive, aerospace, and construction. The leading companies in this market are ASK Chemicals, HA-International, and Vesuvius Group, which collectively hold a market share of close to 50%. The dominant application of cold box resin casting is in Cast Iron Casting, which accounts for more than 60% of the market share.


Report Metric Details
Report Name Cold Box Resin Casting Market
Accounted market size in 2022 US$ 795 million
Forecasted market size in 2029 US$ 1108.1 million
CAGR 4.8%
Base Year 2022
Forecasted years 2023 - 2029
Segment by Type
  • Phenolic Urethane Cold Box Binder (PUCB)
  • Phenollc Ester Cold Box (PECB) Binder
  • Others
Segment by Application
  • Cast Iron Casting
  • Steel Casting
  • Aluminum Casting
  • Others
Production by Region
  • North America
  • Europe
  • China
  • Japan
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company ASK Chemicals, HA-International, Vesuvius Group, Suzhou Xingye, REFCOTEC, Jinan Shengquan, Asahi Yukizai, F.lli Mazzon, Furtenbach, United Erie, Mancuso Chemicals, IVP
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Eyeglasses Market Research Report 2023

What is Global Eyeglasses Market?

The Global Eyeglasses Market is a vast and dynamic sector that encompasses a wide range of products, including spectacles, contact lenses, and plano sunglasses. These eyewear products are not just fashion accessories but also essential tools for vision correction. The market's value was estimated at US$ 127360 million in 2022, and it is projected to reach US$ 177520 million by 2029, growing at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2029. This growth is driven by various factors such as increasing prevalence of vision impairment, rising awareness about eye health, and technological advancements in eyewear products.

Eyeglasses Market

Spctacles, Contact Lenses, Plano Sunglasses in the Global Eyeglasses Market:

Spectacles, contact lenses, and plano sunglasses are the three main product types in the Global Eyeglasses Market. Spectacles, which include both prescription glasses and reading glasses, hold the largest market share, accounting for over 75% of the total market. This is primarily due to their widespread use for vision correction and protection against harmful UV rays. Contact lenses, on the other hand, are gaining popularity among consumers due to their convenience and aesthetic appeal. Plano sunglasses, which are non-prescription sunglasses used to protect the eyes from sunlight, also constitute a significant portion of the market.

Young Adults, Adults, Mature Adults, Seniors, Others in the Global Eyeglasses Market:

The Global Eyeglasses Market caters to a diverse range of consumers, including young adults, adults, mature adults, seniors, and others. Young adults and adults form the largest consumer group, driven by the high prevalence of vision problems in these age groups and the growing trend of using eyewear as a fashion accessory. Mature adults and seniors, who are more likely to suffer from age-related eye conditions, also represent a significant portion of the market. The market also caters to other consumer groups such as children and individuals with specific eye conditions.

Global Eyeglasses Market Outlook:

The Global Eyeglasses Market's outlook is quite promising, with a steady growth rate projected for the coming years. The market, which was valued at US$ 127360 million in 2022, is expected to reach a valuation of US$ 177520 million by 2029, growing at a CAGR of 4.8% during the forecast period of 2023-2029. This growth can be attributed to various factors, including the increasing prevalence of vision impairment, rising awareness about eye health, and advancements in eyewear technology. The market is dominated by the top three manufacturers, who collectively hold a market share of over 30%. In terms of product types, spectacles are the most popular, accounting for over 75% of the market share.


Report Metric Details
Report Name Eyeglasses Market
Accounted market size in 2022 US$ 127360 in million
Forecasted market size in 2029 US$ 177520 million
CAGR 4.8%
Base Year 2022
Forecasted years 2023 - 2029
Segment by Type
  • Spctacles
  • Contact Lenses
  • Plano Sunglasses
Segment by Application
  • Young Adults
  • Adults
  • Mature Adults
  • Seniors
  • Others
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Luxottica Group S.p.A., Essilor International, Grand Vision, Formosa Optical, Carl Zeiss AG, Hoya Corporation, De Rigo S.p.A., Indo Internacional, Safilo Group S.p.A., Johnson & Johnson, CIBA Vision, CooperVision, GBV, Marchon, Fielmann AG, Bausch & Lomb, Charmant, TEK Optical Canada
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Biaxially Oriented Polyester (BoPET) Market Research Report 2023

What is Global Biaxially Oriented Polyester (BoPET) Market?

The Global Biaxially Oriented Polyester (BoPET) Market is a vast and complex industry that deals with a specific type of polyester film. This film, known as BoPET, is produced by stretching polyethylene terephthalate (PET) in two different directions. The process of biaxial orientation gives the film a unique set of properties, including high tensile strength, chemical and dimensional stability, transparency, reflectivity, gas and aroma barrier properties, and electrical insulation. These characteristics make BoPET a versatile material used in various applications across multiple industries. The global market for this product is substantial and continues to grow. However, the specifics of this market, such as its size, growth rate, and key players, are not readily available due to the proprietary nature of the market research industry.

Biaxially Oriented Polyester (BoPET) Market

Universal Film, Electrical Insulating Film, Capacitor Film, Laminating Film in the Global Biaxially Oriented Polyester (BoPET) Market:

The Global Biaxially Oriented Polyester (BoPET) Market is segmented into several categories based on the type of film. These include Universal Film, Electrical Insulating Film, Capacitor Film, and Laminating Film. Each of these types has its unique properties and uses. Universal Film, for instance, is used in a wide range of applications due to its versatility. Electrical Insulating Film is used in the electrical industry for its insulating properties. Capacitor Film is used in the production of capacitors, while Laminating Film is used to protect and enhance the appearance of printed materials. The market for each of these types is vast and diverse, with numerous manufacturers and consumers worldwide. However, specific data regarding the size and growth of these individual markets is not available.

Packaging Film, Industrial and Special Film, Electrical and Electronics, Photographic Film, Thermal Transfer, Others in the Global Biaxially Oriented Polyester (BoPET) Market:

The Global Biaxially Oriented Polyester (BoPET) Market finds its application in several areas, including Packaging Film, Industrial and Special Film, Electrical and Electronics, Photographic Film, Thermal Transfer, among others. In the Packaging Film sector, BoPET is used for its excellent barrier properties, making it ideal for food packaging. In the Industrial and Special Film sector, it is used for its high tensile strength and chemical stability. In the Electrical and Electronics sector, BoPET's electrical insulation properties make it a preferred choice. In the Photographic Film sector, its transparency and reflectivity are highly valued. Lastly, in the Thermal Transfer sector, BoPET's heat resistance makes it suitable for use. However, specific data regarding the size and growth of these individual markets is not available.

Global Biaxially Oriented Polyester (BoPET) Market Outlook:

The global Biaxially Oriented Polyester (BoPET) market is a significant and growing industry. In 2022, the market was valued at US$ 14550 million. It is projected to reach a value of US$ 20280 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2023 to 2029. This growth is a testament to the increasing demand for BoPET across various industries. The market is dominated by the top five manufacturers, who collectively hold over 35% of the market share. This indicates a high level of concentration in the market, with a few key players exerting significant influence. However, the specifics of these key players and their individual market shares are not available.


Report Metric Details
Report Name Biaxially Oriented Polyester (BoPET) Market
Accounted market size in 2022 US$ 14550 in million
Forecasted market size in 2029 US$ 20280 million
CAGR 4.8%
Base Year 2022
Forecasted years 2023 - 2029
Segment by Type
  • Universal Film
  • Electrical Insulating Film
  • Capacitor Film
  • Laminating Film
Segment by Application
  • Packaging Film
  • Industrial and Special Film
  • Electrical and Electronics
  • Photographic Film
  • Thermal Transfer
  • Others
Production by Region
  • North America
  • Europe
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Latin America
  • Mid East & Africa
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Toray, SKC Films, DuPont, Mitsubishi, Uflex, Polyplex, JBF, Kolon, Jindal, SRF, Terphane, A.J.Plast, Jiangsu Shuangxing, Jiangsu Sanfangxiang Group Co., Ltd, Kanghui New Material Technology Co.,Ltd, Yongsheng Technology, Billion Indusrial Hildings, Shaoxing Xiangyu, DDN, Sichuan EM Technology Co., Ltd, Fuweifilm, Qiangmeng Industry, Jiangsu Yuxing
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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