Lipstick Market Players, Competition, Situation & Trends Research Report

Increasing demand for lipsticks from working women and the growing popularity of e-commerce beauty websites are the key factors driving the growth of the lipstick market. The market, in 2018, attained a size of $9.2 billion, and is projected to advance at a CAGR of 6.6% during the forecast period (2019–2024). Growing at the current rate, the market is expected to value $13.4 billion by 2024. In the report, the market is segmented by product type, color, applicator, gender, distribution channel, age, and geography.

On the basis of color, the lipstick market is categorized into pink, red, nude, maroon and others, which include orange, black, gold, violet, silver, green, silver, gray, white, yellow, purple, blue, and multicolor. Among these, in 2018, the red color category held the highest revenue share in the market and is further predicted to continue dominating it in the near future. However, the nude color category is anticipated to register the fastest growth at a CAGR of more than 8.0% in the sector.

Further, based on product type, the lipstick market is divided into shimmer/pear/frost, matte, satin/sheer, glossy, luminous, metallic, crème, and natural. Among these, the demand for matte lipstick is anticipated to record the fastest growth, witnessing a revenue CAGR of more than 8.5% in the forecast period. It gives a velvety look to the lips and has the ability to last all day. Further, it is available in a diverse range of dark shades, due to which it is preferred by most women and is predicted to grow. However, satin/sheer type lipstick is expected to contribute the highest revenue to the market in the near future.

Across the globe, the market is projected to register the fastest growth in Asia-Pacific (APAC) during the forecast period. With surging social media influence and rising female financial independence, the lipstick market is rapidly progressing in the region. One of the major factors driving the market around the world is the increasing inclination toward e-commerce beauty websites. In the past few years, e-commerce platforms have led to a transformation in the beauty industry, majorly due to the growing internet penetration.

Across the globe, in 2017, the internet was being used by 48.0% of the global population, equaling over 3.47 billion internet users, out of which females accounted for 45.0% users. Besides this, the use of lip powder, particularly in matte lipsticks, is being observed as a trend in the lipstick market. It is gaining immense popularity among women, due to the creamy and smooth texture of matte finish. It also consists of hydrating ingredients, including glycerin, Vitamin E, and coconut oil, which keep the lips pigmented.

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For a working woman, lipstick is considered an essential product because it boosts their confidence. The increase in the number of female professionals is resulting in a growing demand for lipsticks. This is directly boosting the lipstick market and creating ample growth opportunities for key manufacturers, such as Shiseido Company Limited, L’Oréal SA, Avon Products Inc., Revlon Inc., and Oriflame Holding AG.

Hence, due to the changing lifestyle and growing appearance consciousness, the market for lipsticks is expected to prosper at a significant rate in the near future.

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How is Growing Focus on Fitness and Health Driving Chlorella Powder Ingredient Market?

The increasing health consciousness among people and growing risk of cardiovascular diseases have resulted in a shift toward healthier food options. Attributed to this, individuals are increasingly opting for plant-based protein supplements, which is why the plant-based protein supplements market is predicted to grow to about $8 billion in 2025 from $4 billion in 2017. The preference toward vegan protein supplements is rising because of their various advantages, such as improved metabolism, cardiovascular health, and digestion. Ascribed to all these factors, the demand for chlorella is growing as it is considered to be a great source of protein, containing 50–60% protein, which is much higher than other vegan and animal-based protein sources.

Chlorella is produced from chlorella, which is a genus of freshwater and terrestrial unicellular green alga that has several micronutrients and macronutrients, such as vitamins, proteins, and minerals, and provides various health benefits to animals and humans. According to a research conducted by P&S Intelligence, the global chlorella powder ingredient market generated a revenue of $423.7 million in 2018 and is projected to reach $1,106.8 million in 2024, registering a 16.5% CAGR during the forecast period (2019–2024). The powder is distributed by different channels, namely convenience stores, pharmacies, supermarkets/hypermarkets, specialty stores, and online platforms. Among these, the largest demand for chlorella powder ingredient was created by supermarkets/hypermarkets during 2014–2018.

Another key driving factor of the chlorella powder ingredient market is the rising demand for organic skin and hair care products. The different reasons for this growing requirement for hair and skin care products are the increasing population of working women around the globe, surging need for organic and natural products, and rising disposable income of people. At the present time, the consumers are looking for products which are free from any harsh chemicals. As chlorella contains various vitamins, minerals, and other nutrients, which benefit skin and hair immensely, its requirement from several cosmetic product and personal care companies is increasing. 

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Apart from the aforementioned companies, other players offering chlorella powder ingredient products, across the globe include Phycom BV, Tianjin Norland Biotech Co. Ltd., Organika Health Products Inc, NOW Health Group Inc., Green Foods Corporation, Swanson Health Products Inc., TOOTSI IMPEX Inc., Taiwan Chlorella Manufacturing Company, Health Ranger Inc., and Bionest Corporation SDN. BHD.

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Alloy Wheel Market Business Opportunities - Global Industry Analysis till 2025

The global automotive alloy market observed significant evolution during the historical period. Major factors propelling the development of the market include research and development for improving fuel efficiency, stringent emission norms, and growing governments’ legislations for reduction in complete vehicle weight. In addition, rapid urbanization, increasing vehicle production, growing demand for automobiles, regulations related to fuel efficiency, and improvement in driving dynamics are further boosting the evolution of the market.

Automotive alloys are used in manufacturing of powertrain, chassis, and exterior and interior parts of commercial and passenger vehicles to reduce their weight and increase fuel efficiency. The automotive alloy market has been segmented on the basis of type, sales channel, vehicle type, and geography.

On the basis of type, the alloy wheel market has been categorized into steel, magnesium, aluminum, and others. The market for aluminum alloys is expected to increase subsequently during the forecast period as automobile manufacturers are developing vehicles of lightweight with aluminum alloys. Approximately 7% fuel efficiency can be increased with a reduction of about 11% vehicle weight. Reduction in weight of vehicles enables original equipment manufacturers (OEMs) to reduce emission, improve driving dynamics, and increase fuel efficiency.

On the basis of sales channel, the alloy wheel market has been categorized into OEMs and aftermarket. Among these, the OEMs category dominated the market during the historical period, primarily due to high production of vehicles and direct integration of the alloys in manufacturing of the vehicles.

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Based on region, the alloy wheel market has been categorized into North America, Europe, Asia-Pacific (APAC), and rest of the world. APAC is anticipated to be the major market for automotive alloys during the forecast period, mainly due to the developed automotive industry in China. For instance, over one-third of the total vehicle in the world and over two-third of the total vehicle in the APAC region were produced in China in 2017. Apart from China; Japan and India are also huge markets for automobiles. The growth of the market can be attributed to the vast population in the region and advancement in economic conditions of people in emerging countries such as China, Indonesia, Thailand, and India.

Execution of stringent environmental rules across the world is driving the requirement for lightweight vehicles. Numerous international administrations are forming strict standards and guidelines so as to lessen the greenhouse gas emissions. For instance, the North American and European countries have formulated extensive plans toward the development of vehicles of lightweight so as to attain the carbon emission reduction target by 2025.

Several advancements across the APAC region for decreasing carbon discharge have also amplified. China, the major emitter of greenhouse gas across the globe, is presenting new guidelines that are anticipated to put a lid on carbon emission. Other APAC countries, such as Indonesia, Australia, and India are also presenting new regulations and norms to mitigate climate change by decreasing carbon emission. These guidelines are being executed across the globe, leading to substantial progress of the automotive alloy wheel market.

Some of the key players operating in the global automotive alloy wheel market include AMG Advanced Metallurgical Group N.V., Alcoa Inc., ArcelorMittal South Africa Ltd., Kobe Steel Ltd., Constellium N.V., Novelis Inc., ThyssenKrupp AG, UACJ Corporation, Norsk Hydro ASA, and Nippon Steel & Sumitomo Metal Corporation.

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Automotive Gears Market to Set Phenomenal Growth from 2019 to 2024

The global automotive gears market is projected to witness considerable growth during the forecast period, primarily on account of the growing automotive industry. The growth of the automotive industry is a direct result of the increased production volume of passenger cars and commercial vehicles in recent years. In addition, increasing installation of mechanized and automated parts in automobiles, advancements in technology, and demand for improved driving experience in terms of smooth gear shift and enhanced acceleration are driving the growth of the automotive gears industry.

The automotive gears market has been categorized into spur, helical, rack and pinion, and worm gear types. The market demand for spur gears is anticipated to grow at a significant rate in the coming years, as spur gears are easy to manufacture and can be used for a range of applications in the automotive industry.

Automotive gears find major application in transmission, steering, and differential systems. Owing to the high usage of gears in the differential systems of vehicles, the automotive gears market is expected to witness considerable growth in this category in the coming years.

During the forecast period, Asia-Pacific (APAC) is expected to be the largest market for automotive gears, with China and India being the major markets in the region. The automotive gears market in the APAC region is mainly driven by the rising demand for personal transportation vehicles and the improving standard of living.

The automotive industry is growing at a significant rate and is a major growth driver for the automotive gears market. The demand for passenger cars and light commercial vehicles is on the rise, much of which can be attributed to the rise in per capita income and standard of living in fast-growing economies such as China and India. These economies are also the major markets for the automotive industry because of their rapid urbanization and growing consumer base.

Some of the key players in the global automotive gears market are GKN PLC, Robert Bosch GmbH, SHOWA Corporation, DowDuPont, ZF TRW Automotive Holdings Corporation, IMS Gear SE & Co. KGaA, Univance Corporation, RSB Group, Bharat Gears Ltd., and American Axle and Manufacturing Inc.

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Automotive Fuel Tank Market Report Competitive Analysis by 2024

In the past decade, steel fuel tanks were majorly used by automotive producers, whereas in the current scenario, plastic fuel tanks are being mostly used. The key reasons for the drop in demand for steel fuel tanks are safety, weight, permeability, packaging and cost associated with it. Around 95% of the total fuel tanks in Europe, 85% in U.S. and 40% in Asia are made of plastic. The main reasons behind the increased use of plastic fuel tanks are its light weight, resistance to corrosion, and ease of molding into unusual shapes.

The automotive fuel tank market is driven by increasing trend of vehicle weight reduction, growing global vehicle production, and norms pertaining to evaporative emission. The increasing demand for vehicles, coupled with capacity expansion by OEMs in emerging economies has driven the global production of vehicles. The production volume for passenger car and light commercial vehicles (LCV) in Asia-Pacific accounted for more than 50% of the global production. The increasing production in the region is complimented by intensifying demand for passenger cars and LCV in the region. The improving economy and standard of living in countries such as China and India have resulted in increased sales volume of automotive. The high automotive production volume in Asia-Pacific has made it an attractive fuel tank market.

By 2022, Asia-Pacific is expected to be the largest automotive fuel tank market, followed by North America and Europe. Asia-Pacific is also expected to be the fastest growing market for automotive fuel tank during the forecast period, owing to the expected increase in the sales and production of vehicles, increasing demand for lightweight vehicles, and strict government regulation. In 2015, China, South Korea, India, and Japan were the major consumers of automotive fuel tank in the region.

Some of the major competitors in the global automotive fuel tank market include Benteler AG, TI Automotive Inc., Yachiyo Industry Co. Ltd., Magna International Inc., Kautex Textron Gmbh & Co. KG., FTS Co., Ltd., The Plastic Omnium Group, Martinrea International Inc., Unipres Corporation, YAPP Automotive Parts Co., Ltd., and SMA Serbatoi S.P.A.

Market Segmentation

By Material

• High-Density Polyethylene (HDPE)

• Steel Fuel Tank

• Aluminum Fuel Tank

• <45 L

• 45 L – 70 L

• >70 L

By Capacity

• <45 L
• 45 L – 70 L
• >70 L

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How is Rising Requirement for Advanced Healthcare System Driving Medication Management Market?

Proper coordination amongst patients and healthcare providers is a vital aspect in the healthcare industry, as its lack adversely impacts the quality of healthcare and its cost, which in turn results in the fragmentation of the healthcare information, such as medical history, billing, administrative data, diagnosis, and patient demographics. Due to the fragmentated healthcare system, various decision makers are involved in the treatment of an individual patient suffering from a particular illness. In order to deal with this, the healthcare sector is in the need for healthcare information technologies (HIT). The employment of HIT helps in improving the quality of healthcare by reducing the rational burden of practitioners, clinical decision making, and computerizing patient safety practices. Furthermore, HIT helps enhance the communication between healthcare providers and patients and, in turn, provides better, coordinated care and reduces medication errors.

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One of the solutions provided by HIT is the medication management system, which helps in compiling data related to rehabilitation, care, and medication. These systems use wireless communication solutions for heterogenous computing for the management of medicines. Trillions of bytes of data is produced through this technology as it connects various devices and sensors to the internet via mixed access networks through other technologies. 

According to a study conducted by the P&S Intelligence, the global medication management market size is predicted to generate a revenue of $4.3 billion, advancing at a CAGR of 26.1%, in the near future. Various software are deployed by this technology, including computerized physician order entry (CPOE), medication administrative software, automated dispensing system (ADS), clinical decision support system (CDSS), and inventory management. Among all these, CPOE was the most in demand during 2011–2014. The fastest growth in demand is projected to be witnessed by the category of CDSS in the coming years.

The popularity of medication management systems and software in healthcare facilities is increasing because of the technology’s advanced and innovative applications, such as electronic medication administration records facilities, automatically dispensing applications, and double-checking medication administration properties. The chances of medication errors and adverse drug effects are reduced significantly due to these applications of medication management systems. Apart from this, medication management systems and software play an important role in home healthcare settings for the medication delivery and dosage calculations. Smartphone-based self-management systems help remind patients, who are unable to remember their entire medication regimen, with real-time medication monitoring technology. Hence, due to such innovative applications of medication management systems and software, their demand is expected to increase in the near future. 

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Geographic Information System (GIS) Market Predicted to Grow at 10.7% CAGR in Coming Years

The Office of Information Management and Technology in Hawaii (the U.S.) offers a 3D geographic information system (GIS) map, which covers 19,500 measured buildings of Honolulu, as a part of its open data program. Likewise, other countries, such as China and India with new and proposed smart cities, are predicted to adopt 3D-based virtual reality geographic information systems (VRGIS). Since 3D GIS is an extension of GIS, it becomes important to get acquainted with the basic term. A GIS is a system that is designed to store, capture, manipulate, manage, analyze, and present all sorts of geographical data. The data captured can be used for mapping of specific places, mapping quantities, densities, and changes related to that place, and finding what is nearby or inside a place. These systems have gained immense popularity in urban development and city planning in emerging countries, as they provide a detailed and improved insight.

Modern maps are developed keeping in mind the easy accommodation of new data as it becomes available, which is leading to the increasing adoption of 3D GIS maps. As per Environmental Systems Research Institute Inc., due to the shift from 2D mapping of smart cities to the 3D model, 3D-based urban planning is growing rapidly. 

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The system finds application in several areas, such as oil & gas exploration and refining, aerospace & defense, government, engineering & business services, healthcare, telecommunications, transportation & logistics, and water & wastewater. In the coming years, the adoption of GIS is predicted to be steady in the telecommunication sector due to the growth in wireless communication infrastructure in Middle East and Africa.

The government sector has been and is projected to be the largest user of the GIS technology; the sector is investing heavily in GIS. Such solutions are used by the government for application in military, aerospace, and homeland security. For instance, for routing vehicles in mainland China, the Chinese government introduced a national street-level mapping project. Similarly, due to the initiation of the Digital India Initiative, the central government and private sector companies are predicted to invest in improving the location-based services infrastructure and internet connectivity across the country. India is also projected to develop GIS-based data for land management, land records, and ownership details. Initiatives such as these have compelled GIS vendors to come up with innovative products that meet the needs of users, especially in developing countries.

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Major players in the market are focusing on product launches to increase their consumer base. For instance, In May 2019, Esri launched ArcGIS Excalibur, a web application that enables discover, search, and image exploitation for timely intelligence. ArcGIS Excalibur adds new value to imagery specialists as an intuitive application that helps to streamline structured observation management (SOM) workflows and helps to introduce users’ image exploitation and analysis. Furthermore, in 2019, IQGeo Group plc launched geospatial platform that takes a reality-centric approach, designed for infrastructure companies, providing real-time network view to the companies.

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