Construction Intelligence Report

  Flywheel Energy Storage System Industry Overview The global flywheel energy storage system market size was valued at USD 326.43 Million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The growing energy storage market and automobile industry, globally, have provided a boost to the market. Increasing demand from UPS and data center application segments has driven the market for flywheel energy storage systems, within this region. Similarly, distributed energy generation, which involves the generation of power at the place of consumption, is expected to result in augmented demand for the flywheel energy storage systems, within this region. The U.S. held the largest share among all countries in the North American flywheel energy storage market, in 2021. The Energy Storage Association (ESA) looks after the energy storage affairs in this country. Problems arising due to the interruptions and fluctuations of power supply ...

  Aerospace Parts Manufacturing Industry Overview The global aerospace parts manufacturing market size was estimated at USD 851.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. The rising demand for lightweight, new-generation and fuel-efficient aircraftowing to the emphasis on reducing Greenhouse Gas (GHG) emissions is predicted to boost market growth over the forecast period. The aerospace industry was severely impacted due to the COVID-19 pandemic as manufacturers were unable to export the product owing to the trade limitations placed by the various governments. In addition, the majority of the manufacturers suspended operations across all the major economies to comply with the norms for lockdown, which impacted market growth. The market for aerospace parts manufacturing is expected to witness a supply-demand gap, leading to a rise in the order backlog of aircraft deliveries. This is expected to encourage the OEMs (...

  Construction Adhesive Industry Overview The global construction adhesive market size was valued at USD 9.65 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. Growing investments in the infrastructure sector worldwide are likely to push the demand for construction adhesives during the forecast period. As per the United Nations’ report on infrastructure in 2021, increasing investments in the infrastructure segment can add 0.6% to the global GDP. This addition can be more in some countries, including the U.S. and Brazil where it is up to 1.3% and 1.5%, respectively. Emerging economies are expected to remain key markets for construction adhesives demand, as 60% of infrastructure investment is projected to be attracted by these countries. Commercial construction is anticipated to remain a key driver for the long-term growth of the U.S. market. It accounted for over 34.0% of the revenue share in 2021 and is likely to grow ...

  Vegan Cheese Industry Overview The global vegan cheese market size was valued at USD 2.43 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2022 to 2030. Increasing acceptance of veganism, especially among millennials, has been fueling market growth. The growing awareness regarding animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based products. The COVID-19 pandemic has offered some respite to the market as people around the world have taken an unprecedented interest in cooking at home. Hence, the demand for vegan food products has significantly increased during this period. For instance, the plant-based food trade in the U.S. reached USD 7.0 billion in 2020, increasing from USD 5.0 billion in 2019. This scenario is likely to keep the market prospects upbeat. Gather more insights about the market drivers, restrains and growth of the Global Vegan Chee...

  Natural Skin Care Products Industry Overview The global natural skin care products market size was valued at USD 6.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030. One of the primary factors driving the market is growing awareness about the adverse effects of chemicals on the skin, such as irritation and dullness. The increasing awareness about the benefits of organic ingredient-based items has prompted customers to seek out eco-friendly, natural skin care products. The recent Covid-19 outbreak has severely impacted the growth of the beauty and personal grooming industry. The pandemic disrupted production as well as sales of beauty and personal care products through both online and offline channels due to social distancing and stay-home policies. Demand for new orders from retailers has come to a standstill as the major markets are under lockdown, which has drastically altered the supply chain in the market globally....

  Vegan Confectionery Industry Overview The global vegan confectionery market size was valued at USD 1.11 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.8% from 2022 to 2030. The increasing shift among consumers towards plant-based diets, as a result of lifestyle disorders and health concerns, has been fueling the growth of the worldwide market in recent years. Social media posts on the vegan lifestyle and its benefits also encourage consumers to adopt plant-based diets, thereby contributing to market growth. The unprecedented COVID-19 outbreak caused major supply chain disruptions, forcing brands to focus on leveraging their online presence owing to lockdowns in most countries. Further, the disrupted supply chain impacted the entire food industry worldwide. The small and craft chocolate businesses suffered the most due to shortages in supply, coupled with their inventories being depleted as a result of panic buying by customers. Gather m...

  North America Plumbing Fixtures Industry Overview The  North America plumbing fixtures market  size is anticipated to reach USD 40.00 billion by 2028, registering a CAGR of 7.5% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is primarily attributed to the rising number of home remodeling and improvement projects, particularly bathrooms and kitchens, in the region. The emergence of the smart home concept has spurred the demand for advanced, energy-efficient, and water-saving  plumbing fixtures , further driving the market.   Growing home values have doubled homeowners’ equity in five years till 2019, indicating a surge in spending capacity on home improvement. According to the National Association of Realtors (NAR), existing-home sales rose by 10.5% y-o-y to a seasonally adjusted annual rate of 6 million units in August 2020. The global COVID-19 pandemic has significantly increased the awareness among peopl...