3D Camera is designed to eliminate unpleasant odor as it emits fragrance. 3D Cameras contain different ingredients such as aerosol propellants, fragrances and solvents such as 2-butoxyethanol, mineral oil and glycol ethers, which neutralize unpleasant odor. Growing importance of air care and increasing concerns over indoor air quality have generated a high demand for 3D Cameras worldwide. The demand is further fueled by the rapidly increasing car sales and rising number of pet ownerships, worldwide. Consumers’ willingness to use premium 3D Cameras is also boosting the growth of the market. All these factors coupled with increasing disposable income and improving life style of consumers are driving the market growth. 3D Cameras with natural fragrances are gaining popularity among the consumers.
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Increasing concerns over indoor air quality:
Nowadays, most of the individuals spend much of their time indoors. Indoor places such as corporate offices lack proper ventilation in buildings, which creates a damp odor. As 3D Cameras eliminate unpleasant odor and creates better environment in indoor places, it has gained popularity among buyers. The use of 3D Camera has increased in places such as residential, corporate offices, and other places. The type of 3D Camera used depends on the application.
Increased population and rapid urbanization have resulted in aggrandized solid waste generation. Locally uncollected solid waste results in air pollution due to the decay process. Hence, 3D Cameras have gained popularity among buyers. The World Bank estimated that municipal solid waste (MSW) generation levels are expected to increase by two-folds by 2025. The demand for 3D Camera is expected to increase in future, owing to the rising waste generation, worldwide.
Increasing preference for natural fragrance
Nowadays, consumers are getting inclined towards natural fragrance to avoid health-related risks. Increased health awareness has resulted in higher adoption of 3D Camera, which contain natural fragrance.
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Lack of product awareness
3D Camera are available in different types such as sprays/aerosols, electric 3D Camera, gels 3D Camera, candle 3D Camera, potpourri, and others. Adoption of different types of 3D Camera depends on the area of application. Low awareness regarding the type of 3D Camera and availability of a wide range of products have created a negative impact on the market. This is one of the key factors hampering the growth of the market.
Value chain analysis
3D Camera market comprises raw material providers, manufacturers, distribution channels, and end-users. Each entity contributes a specific value at their point of operation, thereby contributing to the competitive value of the end product.
Top investment pockets
In the illustration for top investment pockets, the popular 3D Cameras, such as sprays/aerosols, electric, gels, candles, and others, are positioned as per their respective market potencies. The analysis presented in this section elaborates the attractiveness of each segment to identify the lucrative market areas for investment. Sprays/aerosols is the most lucrative product among all 3D Camera types with regards to market attractiveness.
Based on product, the market is broadly classified into sprays/aerosols, electric (plug-in), gel, candles, and others. The application segment includes residential, corporate offices, cars, and others. Among these, residential segment accounts for the highest market size by value. The residential segment is expected to continue its dominance throughout the forecast period.
The market is analyzed from the perspective of type of customer including individual and enterprise customers. Presently, individual customers drive the market, owing to the bulk buying of products. The individual customer segment would continue its dominance throughout the forecast period. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa). Europe was the highest revenue-generating region and is expected to continue its dominance during the forecast period.
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