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Sulphur Recovery Technology Market Share, Size, Growth Drivers, Challenges, SWOT Analysis Upto 2033

Posted by Latest Market Trends on March 29, 2024 at 10:26am 0 Comments

The global sulphur recovery technology market is on track for substantial growth, with projections indicating a notable rise from an estimated value of US$ 1.3 billion in 2022 to an impressive US$ 4.2 billion by 2033. This anticipated surge not only underscores the remarkable expansion of the market but also highlights the pivotal role that sulphur recovery technology plays in shaping contemporary industrial practices.



The growth of the sulphur recovery technology market is closely… Continue

Topical Drug Delivery System Market Size, Analysis and Forecast 2031

Posted by Prajakta on March 29, 2024 at 10:23am 0 Comments

FutureWise Research published a report that analyzes Topical Drug Delivery System Market trends to predict the market's growth. The report begins with a description of the business environment and explains the commercial summary of the chain structure. Based on the market trends and driving factors presented in the report, clients will be able to plan the roadmap for their products and services taking into account various socio-economic factors.

Additionally, it illustrates the corporate… Continue

Jojoba oil Market 2021 Production, Revenue, Price Trend by Type, Application, Manufactures and Forecast to 2028

The Jojoba Oil Market is estimated to reach USD 272.4 Million by 2026, according to a new report by Reports and Data. This can be mainly associated with the growth in cosmetic manufacturing, development of alternative bio-lubricant feedstock demand particularly in developed markets of Europe and North America, and the high nutritional value of jojoba oil.

Rising concern regarding the side effects of synthetic and chemical additives used in cosmetics and food and beverages is boosting demand for natural alternatives like jojoba oil in the market. However, long-term jojoba oil production diversifies on the regular supply of resources and capabilities to replace industrial oil with several applications at a relative price. The production yield of the crop profoundly varies on the farming process. Jojoba oil is a form of vegetable oil that can be obtained from simmondsia chinensis which is the crushed beans of the jojoba shrub. By composition, it is close to sebum and is a form of polyunsaturated liquid wax. Due to the reason, it can be easily absorbed by the skin, without any allergic reactions, and diminishing the growth of any fungal and bacterial microbes that can attack the skin. It regulates and re-balances oil production in oily skin and also provides nourishment to dry skin. Various skin-care brands have replaced animal fats and adopted the use of jojoba oil for manufacturing creams and skin lotions.

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Asia Pacific is expected to register fastest revenue CAGR between 2021 and 2028. Rapid revenue growth is attributed to factors such as increasing investments in research and development activities, rapidly growing industrial sector and building and construction sector and high demand for raw material across various sectors.

Key participants include Eco Oil Argentina SA, El Baraka For Natural Oils, Desert Whale Jojoba Company, The Jojoba Company, Purcell Jojoba International, Egyptian Natural Oil Co., Inca Oil SA, W. Ulrich GMBH, Earth Expo Company, and Sivkin Butik, among others.

Further key findings from the report suggest

Long-term jojoba oil production depends on the steady supply of sources and potentials to substitute industrial oil with various applications at a relative price. The production output of the crop profoundly depends on the cultivation process. The seeds can be accessible only after five years of cultivating. This can act as a notable restraining factor for the market.
However, companies have expanded R&D spending to innovate and develop affordable new technologies to overcome the challenges, which are expected to create enough opportunities for the existing as well as new market players. It needs low maintenance costs which is further expected to create profitable opportunities for the market players.
The pharmaceutical industry accounts for the largest market share of 39.30% in 2020. Jojoba oil is used as appetite depressant, antibiotics stabilizer, and carrier for medicine formulae in pharmaceutical industry.
The market for Lipids under the type segment accounts for the largest share of 35.33% of the global Market in 2020, due to the high nutrient content compared to other categories of the type segment.
The cosmetics market is expected to grow at a CAGR of 5.0% during the forecast period. In the cosmetic industries, jojoba oil is used to provide skin protection and prevent aging. There has been a notable increase in jojoba oil usage in sunscreens, moisturizer, lotions, skin creams, lipsticks, and balm.
Emerging jojoba oil utilization in herbal medicine and high demand from the cosmetics market is expected to drive the Jojoba oil market in the future. The rapid industrial growth rate in developing economies is likely to support the market size growth in the coming years. Also, government regulations are another factor which has improved consumer preferences. Jojoba oil offers a long-lasting shelf life. It does not break or oxidize under tremendous pressure and temperature. These properties makes it perfect for use in several industries.
The online store market of the business mode segment accounts for the largest market share of 38.91% in 2020. The online store market is valued at USD 67.6 Million in 2020 and is estimated to reach USD 106.2 Million by 2026 at a CAGR of 5.0% during the forecast period.
Various emerging and leading players are launching extensive and advanced solutions with new applications for various clinical settings, with a move to consolidate their shares in various regions.
The market players are primarily focused on developing new technologies to meet the requirements of users. Various companies are also involved in numerous mergers & acquisitions as their essential strategy is to maintain sufficient market share. These factors are expected to have a positive impact on industry growth over the next few years.
Other regions such as APAC are estimated to register a CAGR of 5.1%, during the forecast period. APAC is expected to register maximum growth over the forecast period due to the presence of untapped opportunity mainly in the developing economies of China and India.
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For the purpose of this report, Reports and Data have segmented global Jojoba oil Market on the basis of Type, Application, Business mode and region:

Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

Lipids
Esters
Alcohol
Wax
Proteins
Others
Business Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

Hypermarkets/Supermarkets
Convenience Store
Online Store
Others
Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

Pharmaceutical
Cosmetic & Personal Care Products
Healthcare
Industrial
Others
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Regional Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

North America
U.S.
Europe
Germany
UK
Asia Pacific
China
India
South-east Asia
Latin America
Brazil
MEA

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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