Active Oxygens Market Expands with Growing Demand for Sustainable Water Treatment Solutions

 

The active oxygens market is expected to be worth USD 3.9 billion in 2023. The market is expected to reach USD 6.7 billion by 2033, growing at a 5.5% CAGR during the forecast period. Active oxygen industry is being driven by their expanding applicability to numerous end uses, including cleaning, packaging, laundry, aquaculture, soil remediation, chemical synthesis, etc.

Active oxygens are potent antimicrobials that kill more than 99% of bacteria and viruses quickly. These agents do not produce any hazardous byproducts after application, making them suitable for use in water treatment and aseptic packaging. The product is in high demand from the water treatment industry for wastewater, drinking water, and swimming pool water applications, which will drive market expansion in the coming years.

Active oxygens are increasingly replacing the conventional cleaning agents due to their sustainable characteristics. For instance, in the laundry care sector, active oxygen technology is proving useful in delicately dry-cleaning garments without the use of water. The implementation of this water-saving technology is expected to pave the way for sustainability in the laundry care industry, thereby combating global water scarcity issues.

The global active oxygens market is dominated by a few countries that lead in active oxygen product technologies. The increasing use of active oxygens in FMCG items such as toothpaste and detergents is predicted to drive their demand to new heights. The active oxygen market in growing nations such as India, ASEAN, and the Middle East is expected to increase at a faster rate than that of advanced economies such as North America and Western Europe.

Key Takeaways from the Active Oxygens Market:

  • The Active Oxygens industry in the United States is predicted to reach US$ 1.0 billion by 2033, increasing at a 5.6% CAGR.
  • The Active Oxygens industry in the China is estimated to reach a market size of US$ 1.2 billion, expanding at a CAGR of 6.0% by 2033.
  • During the forecast period, the Active Oxygens industry in India is expected to reach a market share of US$ 0.5 billion, securing an 6.2% CAGR.
  • The Active Oxygens industry in Germany is predicted to reach US$ 0.6 billion by 2033, increasing at a 5.3% CAGR.
  • Japan’s Active Oxygens industry is predicted to achieve a market share of US$ 0.4 billion, rising at an 5.1% CAGR during the forecast period.
  • With a CAGR of 6.1% from 2023 to 2033, the ozone segment is expected to dominate the Active Oxygens by Product Type.
  • With a CAGR of 5.7% from 2023 to 2033, the water treatment segment is expected to dominate the Active Oxygens by end use.

How Does the Competition Look in the Active Oxygens Market?

The market for Active Oxygens is partially consolidated, with intense competition among the few global leaders. To increase their market position, these businesses are concentrating on expanding their production capacity and sales footprints. Several significant participants in this industry comprise Evonik Industries, Solvay SA, CTX Pro, Arkema, Nouryon, and Taekwang Industries Co. among other companies.

The main players are particularly investing in R&D projects to develop products tailored for specific applications and discover new uses for active oxygens. To satisfy the shifting needs of customers, they are also focusing on extending their product line and strengthening their distribution networks.

Key firms in the Active Oxygens sector frequently participate in mergers and acquisitions to strengthen their positions in the market, broaden their product offerings, and get access to new markets. To gain an advantage in these markets, they are also concentrating on providing clients with cost-effective solutions.

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Segmentation Analysis of the Market

By Product Type:

  • Peroxides
  • Ozone

By Application:

  • Cleaning and Disinfection
  • Aseptic Packaging
  • Textile and Laundry
  • Water Treatment
  • Soil and Groundwater Remediation
  • Chemical Synthesis
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and Pacific
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Rising Demand for Nitromethane: Market Growth Fueled by Automotive, Pharmaceutical, and Explosive Applications

Nitromethane Market
Nitromethane Market

The nitromethane industry is poised to experience substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 5% during the forecast period. Anticipated to reach a market share of USD 12.57 billion by 2032, up from USD 7 billion in 2020, this expansion is primarily attributed to the heightened demand for organic synthesis in the production of medicinal and agrochemical compounds. As industries continue to prioritize sustainable and efficient methods, nitromethane’s role in organic synthesis positions it as a key contributor to the evolving landscape of chemical manufacturing, driving the market towards a promising future.

The global nitromethane market has experienced steady expansion, driven by the demand from end-user industries such as pharmaceuticals, agriculture, and explosives manufacturing. Nitromethane’s unique chemical properties, including its high reactivity and solvency, make it a crucial component in various applications.

Key Drivers of Growth:

  1. Explosives and Demolition Industry: The explosives and demolition sector is a major driver for the nitromethane market. Nitromethane is a key ingredient in the formulation of explosives, providing the necessary energy and stability for controlled detonations.
  2. Pharmaceuticals and Agrochemicals: Nitromethane plays a vital role in the synthesis of pharmaceuticals and agrochemicals. Its use as a solvent and intermediate in the production of various drugs and pesticides contributes to the growth of the market.
  3. Specialty Chemicals: The demand for specialty chemicals in industries such as electronics, coatings, and polymers has fueled the growth of the nitromethane market. It serves as a valuable solvent and reactant in the synthesis of specialty chemicals with unique properties.
  4. Research and Development Activities: Ongoing research and development activities in the chemical industry, aimed at discovering new applications for nitromethane, are expected to open up new avenues for market growth.

Current Market Trends:

  1. Increasing Demand in Emerging Economies: The nitromethane market is witnessing a surge in demand from emerging economies, driven by industrialization, urbanization, and infrastructure development.
  2. Environmental Regulations and Sustainability: Growing awareness of environmental concerns has led to an increased focus on sustainable practices in the chemical industry. Manufacturers are exploring eco-friendly alternatives and production methods to meet stringent environmental regulations.
  3. Technological Advancements: Continuous technological advancements in the production processes of nitromethane contribute to increased efficiency and cost-effectiveness, further driving market growth.

Key companies profiled

ANGUS Chemical Company, Aceto Corporation, Greenchem Industries LLC, Wego Chemical & Mineral Corp, Linyi Yuan Chemical Co., Ltd, Zibo Xinglu Chemical Co., Ltd., Wujiang Bolin Industry Co., Ltd., JIGCHEM UNIVERSAL, Antera Agro Chem, CDH Fine Chemicals India

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Key Segmentation of the Nitromethane Industry

By Product Grade:

  • 99 Grade
  • >0.99 Grade

By Application:

  • Solvent
  • Chemical Intermediate
  • Fuel & Fuel Additive
  • Explosive

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Lane Departure Warning Market Set to Exceed USD 12.9 Billion by 2032, Growing at a CAGR of 9.7% | FMI Reports

Lane Departure Warning Market
Lane Departure Warning Market

The lane departure warning (LDW) market is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2032, reaching a projected value of USD 12.9 billion by 2032.

Although vehicles are equipped with sensors and mirrors, poor visibility continues to be a major contributor to road accidents. To mitigate this issue, regulations now require all heavy-duty manufacturers to install LDW systems, which is anticipated to drive market growth.

Automobile manufacturers are increasingly facing stringent passenger safety regulations imposed by various government authorities around the world. The growth of the automotive sector, initiatives promoting the adoption of advanced technologies, and the development of enhanced safety features are all expected to boost the demand for LDW systems throughout the forecast period.

Additionally, the rising preference for premium and luxury vehicle features in emerging markets will present further growth opportunities for the LDW market. Government initiatives mandating LDW systems in heavy commercial vehicles within the transportation sector are also expected to contribute to market expansion in the coming years.

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Key Takeaways:

  • By technology type, sales in the ultrasonic sensors segment will account for 41.5% of the total market share in 2022.
  • In terms of sales channel, the OEM segment will expand at a considerable pace through 2032.
  • Total sales in the U.S. lane departure warning market will surpass a valuation of USD 0.2 Billion in 2022.
  • The China lane departure warning market will offer an absolute dollar opportunity of USD 0.7 Billion over the forecast period.
  • Germany will dominate the Europe lane departure market, accounting for 25.1% of the Europe market share in 2022.

“Increasing production and sales of luxury vehicles across the globe, along with rising adoption of ADAS in economy vehicles is expected to fuel the growth in the market in the forthcoming years,”  – says and FMI analyst.

Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, Magna International, Mobileye are some of the leading players operating in the global LDW market.

Manufacturers /developers of LDW systems are focusing on the development of novel technologies to improve the performance and function of LDW systems in various vehicles.

Key Market Segments Covered

Technology

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

Sales Channel

  • OEM
  • Aftermarket

Vehicle Type

  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Front Collision Warning Market Expected to Reach USD 11.28 Billion by 2032, Growing at a CAGR of 14.5% | FMI Reports

Front Collision Warning Market
Front Collision Warning Market

The global front collision warning market was valued at approximately USD 2.93 billion in 2022 and is expected to grow to USD 11.28 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 14.5% over the decade.

This anticipated growth is largely driven by the rising incidence of road accidents, highlighting the critical need for these systems. Front collision warning systems play a vital role for drivers by monitoring vehicle speed and providing alerts for potential collisions through vibrations, sounds, and visual signals. They utilize advanced technologies such as cameras, LiDAR, radar, and ultrasonic sensors to detect traffic ahead and issue timely warnings.

Currently, providers of front collision warning systems are concentrating on improving crash rating systems and integrating advanced technologies to offer more precise information. Modern vehicles are increasingly being equipped with these systems as part of comprehensive safety features, including automatic emergency braking to halt the vehicle during emergencies.

Future Market Insights has conducted an in-depth analysis of these trends in its latest report, “Front Collision Warning Market,” which is based on extensive primary, secondary, and tertiary research methods.

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Key Takeaways from Front Collision Warning Market

  • North America holds the largest market share with the US witnessing higher production as well as sales of the automobiles all through.
  • The Asia-Pacific is expected to grow at the fastest rate in the front collision warning market with China leading from the front on the account of rising demand for autonomous vehicles all across. Korea is another country slated to keep the cash registers ringing for the front collision warning market in the upcoming period.
  • Europe is led by Germany with it being a hub of the automotive industry and the scenario is expected to remain unchanged even going forward.

“Growing demand for efficient safety mechanisms/technology in the automobiles is expected to take the front collision warning market to a greater ‘high’ in the upcoming period”, says an analyst from Future Market Insights.

Competitive Warning

  • Continental AG, in February 2020, did announce opening of a production plant in the US. The basic objective is that of expanding manufacturing capacity of the radar sensors with regards to advanced driver assistance systems, thereby strengthening the foothold on the whole.
  • The other players in front collision warning market include Robert Bosch GmbH, Delphi Automotive, ZF Friedrichshafen, Autoliv Inc., Denso Corporation, Magna International, Gentex Corporation, Mobileye, Siemens, Honeywell International Inc., BorgWarner Inc., and likewise.

What does the Report state?

  • The research study is based on technology (ultrasonic sensor, LiDAR sensor, radar sensor, camera sensor, infrared sensor, and pressure sensor), sales channel (aftermarket and OEM), and vehicle type (passenger vehicles, LCVs, and HCVs).
  • With autonomous vehicles in greater demand in Europe, North America, East Asia, and likewise, the global front collision warning market is expected to witness grandeur in the forecast period.

Front Collision Warning Market by Category

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales Channel:

  • OEM
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicles
  • LCV
  • HCV

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Advanced Driver Assistance System (ADAS) Market Projected to Reach USD 211.71 Billion by 2034, Growing at a CAGR of 12.7% | FMI Reports

Automotive ADAS (Advanced Driver Assistance System) Market
Automotive ADAS (Advanced Driver Assistance System) Market

The global automotive ADAS (Advanced Driver Assistance System) market is set to experience substantial growth, with projections indicating an increase from USD 64,047.75 million in 2024 to USD 211,710.80 million by 2034, reflecting a compound annual growth rate (CAGR) of 12.7% over the next decade.

This growth is primarily driven by the rising demand for ADAS in compact passenger vehicles. In developed countries, the increase in luxury vehicle ownership, supported by higher disposable incomes and a trend towards materialism, is significantly impacting the market. This shift is also being observed in developing nations like India and China, where the luxury car segment is expanding rapidly, leading to greater adoption of ADAS technologies.

Automakers are making substantial investments in advanced features such as night vision, road sign recognition, and drowsiness monitoring, which are contributing to the growth of ADAS sales. Furthermore, stringent government regulations aimed at improving road safety and reducing accidents are bolstering the market. For instance, recent EU regulations require the installation of adaptive cruise control systems in commercial vehicles, creating further opportunities for growth in the automotive ADAS market in the years ahead.

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Key Takeaways from the Automotive ADAS (Advanced Driver Assistance System) Market Report

  • The United States automotive ADAS market is projected to expand at a CAGR of 8.9% through 2034, whereas the Canada market is anticipated to register a CAGR of 9.7% through 2034.
  • In Europe, Germany, Spain, and France are expected to record CAGRs of 8.8%, 8.5%, 8.4%, respectively, through 2034.
  • In Asia Pacific, Japan, China, and India are predicted to register CAGRs of 13.6%, 13.5%, and 13%, correspondingly, through 2034.
  • The AEB segment is projected to obtain a market share of 56.3% in 2024.
  • The ultrasonic sensors segment is anticipated to accumulate a share of 25.1% in 2024.

“Vehicle electrification is projected to open up doors for the future growth of autonomous ADAS. Increasing investments in autonomous vehicle technology are promoting the integration of ADAS in vehicles. Key players in developed economies are turning their focus on developing economies as avenues for growth emerge in these countries,”  – says an FMI analyst.

Key Tactics Employed by Players Operating in Automotive ADAS (Advanced Driver Assistance System) Market

The automotive ADAS industry is significantly fragmented, with a considerable proportion of players competing for a greater market share. Players can be seen competing on the basis of performance, price, features, technology, and scalability. Players are focusing on their dynamics and relationships with automakers and leveraging their expertise in automotive systems integration. Additionally, market participants are developing sophisticated ADAS technologies and are focusing on certain niches like specific vehicle types and specific ADAS features. Surging importance of ADAS systems in autonomous vehicles is expected to increase its sales.

Key Providers of Automotive ADAS

  • Robert Bosch GmbH
  • Continental AG
  • ZF Friedrichshafen AG
  • DENSO Corporation
  • Mobileye
  • Aptiv Plc
  • Veoneer Inc.
  • Autoliv Inc.
  • Valeo SA
  • Magna International
  • Aisin Seiki Co. Ltd.
  • Panasonic Corporation
  • Texas Instruments
  • NVIDIA Corporation
  • NXP Semiconductors NV
  • Renesas Electronics Corporation
  • Intel Corporation
  • Hitachi
  • Harman International Industries

Key Developments Taking Place in Automotive ADAS (Advanced Driver Assistance System) Market

  • Green Car revealed that it is going to equip its entire fleet with ADAS by 2022 end. Thus, optimizing user convenience.
  • Beijing Horizon Robotics Technology R&D Co., Ltd. and Continental AG (Continental) came into a Joint Venture (JV) contract in September 2021. The JV concentrates on offering hardware and software integrated solutions for autonomous driving and advanced driver assistance systems.
  • Aptiv PLC, in January 2022, announced a next-Gen ADAS for electric and autonomous vehicles, which is expected to cut cost of software-powered vehicles owing to Aptiv scalable architecture.
  • ZF introduced a 360 ° protection system for commercial automotive in January 2022. The system is projected to detect risks from rear and front side and safeguard the vehicle via dynamic control system. Currently, the firm mainly targets the United States market due to significant demand from commercial fleet operators.

Key Segments in the Automotive ADAS (Advanced Driver Assistance System) Market

By System:

  • Standard
  • Folding
  • Self-Balancing
  • Maxi
  • Three-Wheeled

By Battery Type:

  • Li-ion
  • NiMH
  • Lead-Based

By Technology:

  • Plug-In
  • Battery

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Driver Monitoring System Market Projected to Hit USD 9.3 Billion by 2033, Expanding at a 7.5% CAGR | FMI Reports

Driver Monitoring System Market
Driver Monitoring System Market

The driver monitoring system (DMS) market is projected to grow at a steady compound annual growth rate (CAGR) of 7.5% between 2023 and 2033, with its value expected to increase from USD 4.5 billion in 2023 to USD 9.3 billion by 2033.

The rise in demand for self-driving and semi-autonomous vehicles, both in the passenger and commercial sectors, is driving the adoption of DMS technologies. These systems enhance vehicle safety through the use of advanced cameras, infrared sensors, lasers, and other sophisticated sensors.

Improved road infrastructure and updated safety regulations, particularly for electric and autonomous vehicles, are also expected to support market growth. Additionally, the incorporation of technologies like artificial intelligence (AI) and advanced driver-assistance systems (ADAS) is increasing the popularity of driver monitoring systems.

New startups are introducing innovative solutions such as alarm systems and smartphone integration, offering personalized alerts to drivers and their contacts. The recovery of the logistics and tourism industries following the COVID-19 pandemic is also contributing to market expansion.

Furthermore, the rise in accidents caused by driver distraction and drowsiness is leading authorities to mandate the use of driver monitoring systems and other safety features. For example, European organizations like Euro NCAP are pushing initiatives like Vision Zero, which aims to eliminate road accidents and drive demand for these safety systems.

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Key Takeaways from the Driver Monitoring System Market Report:

  • The United States market leads the driver monitoring system market in terms of market share in North America. The United States region holds a market share of 16.9% in 2023. The growth in this region is attributed to the presence of major autonomous vehicle vendors along with government policies pushing end users to adopt the technologies.
  • In 2022, the United States market held a market share of 87.5% in North America, putting it as a leading region in terms of market share.
  • The United Kingdom’s driver monitoring system market is another significant market in the European region. The market thrives at a CAGR of 5.2% between 2023 and 2033. The growth is attributed to the advanced European NCAP policies.
  • The Chinese driver monitoring system market thrives at a CAGR of 11.8% during the forecast period. The growth is attributed to higher autonomous vehicle production and stringent safety rules.
  • The ultrasonic sensors lead the technology type segment as it holds a market share of 20.5% in 2023. The growth is attributed to the higher affordability and its enhanced accuracy in the dark.
  • Based on the vehicle type, the light commercial vehicle segment leads as it holds a market share of 26.0% in 2023.

Competitive Landscape:
The key vendors work on adding the latest safety technologies including infrared and laser sensory technology. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Leading Key Players:

  • Continental AG
  • ZF Friedrichshafen AG
  • Mobileye
  • Aptiv Plc
  • Veoneer Inc.
  • Valeo SA
  • Magna International
  • Aisin Seiki Co., Ltd
  • Texas Instruments Incorporated
  • NXP Semiconductors N.V
  • Renesas Electronics Corporation
  • Intel Corporation
  • Hitachi, Ltd.

Driver Monitoring System Market Segmentation:

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales Channel:

  • OEM
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Key Regions Covered:

  • North America
    • UNITED STATES
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • APEJ
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • MEA
    • GCC Countries
    • Israel
    • South Africa
    • Rest of Middle East Asia (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Website: https://www.futuremarketinsights.com
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Automotive Emergency Braking System Market Expected to Attain USD 68.26 Billion by 2033, Growing at an 8% CAGR | FMI Reports

Automotive Emergency Braking System Market
Automotive Emergency Braking System Market

The automotive emergency braking system market was valued at around USD 29.5 billion in 2022 and is projected to reach USD 31.6 billion by the end of 2023. With a forecasted compound annual growth rate (CAGR) of 8%, the market is expected to grow significantly, reaching USD 68.3 billion by 2033. This expansion is largely driven by the rising incidence of traffic accidents and the growing adoption of advanced braking technologies.

Innovations like radar and camera sensors are enhancing the effectiveness of emergency braking systems, allowing them to detect a wider range of potential hazards. These advancements are key drivers of market growth, especially as semi-autonomous and autonomous vehicles become more common, increasing the demand for sophisticated braking systems that can complement these advanced driving modes.

The global focus on road safety, spurred by the rising number of traffic accidents, highlights the critical role of emergency braking systems in reducing collisions and saving lives. Consumers are becoming more willing to pay a premium for vehicles equipped with advanced safety features, further fueling demand. In addition, government safety regulations and incentives are expected to boost the adoption of these systems.

Technological advancements and continuous innovation in emergency braking systems will positively impact the market outlook in the midterm. Alongside shifting consumer preferences for improved safety, greater purchasing power, and increased awareness of these systems’ benefits, the market is set to grow throughout the forecast period.

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Key Takeaways:

  • High costs of AEBS and limited adoption of these systems in developing countries will likely have an adverse effect on the growth of the market.
  • A greater focus on road safety will push the market growth of advanced emergency braking systems in the US.
  • The advanced emergency braking systems market in the U.K will expand at a CAGR of 7.6% between 2023 and 2033.
  • By technology, the radar segment will generate high demand for the market during the forecast period and will account for 41.5% in 2023.

Competitive Landscape 

Robert Bosch LLC, Continental AG, GKN plc, TRW Automotive Holdings Corp, Changan Automobile Co., Ltd,  FAW Group Corporation, Tata Motors Limited, and Mahindra & Mahindra Limited, among others, are some of the primary players in the automotive emergency braking system market profiled in the full version of the report.

Significant market players are focusing on product upgradation, launching novel and innovative products, and developing a strong product portfolio. These businesses engage in strategic partnerships, collaborations, mergers, and acquisitions to strengthen their market position.

Key Segmentations

By Vehicle Type:

  • PV
  • CV

By Key Technology:

  • Camera
  • Fusion
  • LiDAR
  • Radar

By Operating Speed:

  • High Speed-Inter Urban AEB Systems
  • Low Speed-City AEB Systems
  • Pedestrian-VRU (Vulnerable Road Users) AEB Systems

By Application:

  • Forward Emergency Braking
  • Reverse Emergency Braking
  • Multi-directional Braking

By Level of Automation Driving:

  • Autonomous Passenger Car
  • Semi-Autonomous Passenger Car

By Component:

  • Actuators
  • Audible Buzzers
  • Controllers
  • Sensors
  • Visual Indicators

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

More Insights into Automotive Emergency Braking System Market 

In its latest report, FMI offers an unbiased and detailed analysis of the global automotive emergency braking system market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of vehicle type, key technology, operating speed, application, level of automation driving, component, and region.

According to the same reports, based on segmentation, the radar segment will lead the market owing to a high preference for the technology. The electronic stability control category will also gain traction in the assessment period due to the belief that it helps drivers to regain control of their vehicles in emergencies.

Based on region, the advanced emergency braking systems market will perform well in countries like the US, the U.K, China, and India. The U.K market will grow at a CAGR of 7.6% between 2023 and 2033. Government regulations, increasing demand for safety features, and a greater focus on road safety will propel the advanced emergency braking systems market forward in the U.K. China, India, and the US will also present notable growth in the advanced emergency braking systems market during the projection period.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Barbituric Acid Market to Thrive on Growing Usage in Laboratory Synthesis and Pharmaceuticals

Barbituric Acid Market
Barbituric Acid Market

The global barbituric acid market is poised for significant growth, with an anticipated size of approximately USD 19.8 million in 2022. The increasing adoption of barbituric acid in diverse industries, including pharmaceuticals, plastics, polymers, and textiles, is expected to drive a steady compound annual growth rate (CAGR) of 4.6% from 2022 to 2032. Projections suggest that the overall demand for barbituric acid will reach over USD 34.04 Million by 2032, reflecting the compound’s expanding role across various sectors.

Barbituric acid comes across as an organic compound that could be categorized as one of the pyrimidines. It is used to produce plastics, pharmaceuticals (barbiturates), textiles, and polymers.

Barbituric Acid is used for manufacturing barbiturate drugs. Research states that these drugs do end up having a sedative effect on central nervous system. As such, it helps those contracting sleeping disorders.

Also, seizures are driving utilization of barbiturate drugs like anticonvulsants, hypnotics, anesthetics, sedatives, and sleeping pills containing barbituric acid. It is also used for vitamin B2’s (riboflavin’s) and minoxidil’s laboratory synthesis. This is another factor driving the barbituric acid market in the near future.

At the same time, the fact that there are stern regulations in place regarding production of barbiturates drugs can’t be ignored. This factor is expected to restrain the barbituric acid market in the years to come. Plus, there are side-effects; which the Drug Abuse Prevention and Control monitors at regular intervals.

Key Takeaways from the Barbituric Acid Market

  • North America holds the largest market share with barbituric acid being increasingly adopted by the pharmaceuticals vertical along with increasing incidences of ailments like sleep disorders. This holds true for both – the US and Canada. Research states that barbituric acid acts as a remedy to insomnia. The American Sleep Apnea Association states that chronic insomnia does affect close to 10% of the Americans and the number is expected to rise even in the forecast period.
  • The Asia-Pacific is expected to witness growth at a faster pace in the barbituric acid market due to higher production as well as consumption of baribituric acid along with expansion of pharmaceutical and plastics verticals.

Competitive Landscape

The key participants in barbituric acid market include Ralington Pharma, Danopharm Chemicals Pvt. Ltd., Hebei Chengxin Co., Ltd., Sparchem, Hem Corporation, GFS Chemicals Inc., Hunan HoongQiang Chem technology Development Co., Ltd., Explicit Chemicals Pvt. Ltd., Zhengzhou Lifeng Chemical Co., Ltd., and likewise. They are into organic as well as inorganic modes of expansion to strengthen their foothold herein.

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Key Segments Profiled in the Barbituric Acid Industry Survey

By Grade:

  • Regular grade 98% (Industrial Grade)
  • High Purity Grade 99% (Pharmaceutical Grade)

By Application:

  • Pharmaceutical intermediate
  • Dye intermediate
  • Nutritional supplement

By End-Use Industry:

  • Plastics
  • Textiles
  • Polymers
  • Pharmaceutical
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani  

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Rising Demand for High-Silica Zeolite in Petroleum Refining and Industrial Applications: A Market Outlook

High-Silica Zeolite Market
High-Silica Zeolite Market

The high-silica zeolite market is expected to exhibit a modest Compound Annual Growth Rate (CAGR) of 1.2% throughout the forecast period, projecting a rise in market share from USD 1.22 Billion in 2022 to USD 1.37 Billion by 2032. Factors contributing to this growth include increasing applications in industries such as petrochemicals, construction, and agriculture, driven by the unique properties and versatile nature of high-silica zeolites. Despite the relatively conservative growth rate, steady expansion in demand underscores the enduring relevance and potential of high-silica zeolites in various sectors over the coming years.

The high-silica zeolite market encompasses a wide array of industries, including petrochemicals, refining, detergents, environmental protection, and more. These zeolites exhibit exceptional thermal stability, high surface area, uniform pore structure, and ion-exchange capabilities, making them indispensable in various processes.

Key Drivers and Trends:

  1. Growing Demand in Catalysis: High-silica zeolites serve as crucial catalysts in numerous chemical processes, such as catalytic cracking, hydrocracking, and isomerization. The increasing emphasis on sustainable and environmentally friendly catalytic processes is propelling the demand for high-performance zeolite catalysts.
  2. Rising Focus on Clean Energy: With the global shift towards cleaner energy sources, high-silica zeolites play a vital role in catalytic converters for the automotive industry, facilitating the conversion of harmful emissions into less harmful substances. Moreover, these zeolites are instrumental in enhancing the efficiency of biofuel production processes.
  3. Advancements in Zeolite Synthesis: Ongoing research and development efforts are aimed at enhancing the synthesis techniques of high-silica zeolites to achieve tailored properties suitable for specific applications. Innovations such as template-directed synthesis and post-synthetic modification are expanding the possibilities in zeolite design and functionality.
  4. Focus on Environmental Remediation: High-silica zeolites are increasingly being utilized in environmental applications, including water purification, soil remediation, and air filtration. Their exceptional adsorption capacity for heavy metals, volatile organic compounds, and other pollutants makes them invaluable in addressing environmental challenges.
  5. Emerging Applications in Healthcare: The unique adsorption and ion-exchange properties of high-silica zeolites are finding applications in the healthcare sector, ranging from drug delivery systems to wound healing and tissue engineering. These materials offer controlled release of active pharmaceutical ingredients and facilitate targeted therapy approaches.

High-Silica Zeolite Market: Market Participants

Some of the key players involved in the manufacturing of high-silica zeolite are

  • Honeywell International Inc
  • CECA Arkema Group
  • BASF SE
  • Tosoh Corporation
  • Zeochem AG
  • Zeolyst International
  • W. R. Grace
  • CWK Chemiewerk Bad Köstritz GmbH
  • Clariant AG.

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Key Segmentation

By Type:

  • USY Type
  • ZSM-5 Type
  • Beta Type
  • Others

By Application:

  • Petroleum refining catalysts
  • Petrochemical catalysts
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Calcium Bromide Market Outlook: Boosting Oil and Gas Recovery and Reducing Mercury Emissions

Calcium Bromide Market
Calcium Bromide Market

The global calcium bromide market is poised for significant growth, with anticipated demand reaching USD 5.3 Billion in 2022 and projected to expand at a robust CAGR of 5.2% over the forecast period from 2022 to 2032, ultimately reaching a valuation of USD 8.8 Billion. This surge in demand can be attributed to various industries leveraging calcium bromide for diverse applications, indicating a promising trajectory for the market in the coming decade. Factors such as increased industrial activities and expanding applications across different sectors are expected to fuel the market’s steady ascent, presenting lucrative opportunities for stakeholders in the calcium bromide industry.

In the power sector, calcium bromide is also used as an oxidant to reduce mercury emissions. Additionally, calcium bromide is used in the treatment of neuroses, hydraulic fluids for automotive suspension, brominated flame retardants, dry plates and light-sensitive sheets for photography, as well as mercury emission controls.

Calcium bromide (molecular formula: CaBr2), having a density of 14.2 lbs/gal, is regarded as clear brine fluid. Calcium Bromide is utilized with calcium chloride in oil & gas completion & drilling operations to make the drill cuttings brine free. Calcium bromide is a white powder, odourless in nature, and is formed from calcium salt of hydrobromic acid, which a volatile acid used to formulate other industrial compounds.

Calcium Bromide: Market Dynamics

Calcium bromide market demand is heavily influenced by its application in the oil & gas industry. Stabilizing crude oil prices have resulted in an influx of investments in the oil & gas industry, driving drilling and production activities along with work-over operations. Clear brine fluids such as calcium bromide are used to minimize the damage to oil & gas reservoirs and to control formation pressure.

This has been creating noteworthy demand for calcium bromide market. Moreover, calcium bromide also find usage for restraining mercury emission at coal fired power plants. Elemental mercury which is released when the coal is burnt is difficult to capture at combustion temperatures. Hence, bromine based compounds such as calcium bromide are used to oxidize the elemental mercury into flue gas, which can be captured by current abetment equipment.

Formulation of strict government regulations encouraging the usage of halogenated flame retardants in EU countries, the U.S. and Canada, is expected to decrease the consumption of calcium bromide in flame retardants in these regions. However, Asian markets such as India and China, still witness high usage of brominated flame retardants owing to lenient regulations, which is anticipated to drive the demand of calcium bromide in these countries.

Calcium bromide is gaining significance in the oil & gas drilling industry as a better alternative to conventional drilling fluids. Increasing exploration & production ofdeep sea reserves, growing instances of horizontal drilling due to complexities in reservoirs, constant efforts from various developing nations to obtain energy security, are some of the factors contributing towards the growth of oil & gas industry, which in turn is driving the demand of calcium bromide. Booming shale gas production in the U.S. and coal bed methane gas production in China, India and Australia are anticipated to significantly ramp up oil & gas drilling activities in the coming years. Hence, the market vendors in the calcium bromide market are expected to achieve significant revenue base by targeting oil & gas producers involved in the development of these unconventional reservoirs.

Calcium Bromide: Market Key Players  

Some of the major participants operating in the global calcium bromide market include the following players:

  • Tetra Technologies Inc
  • Albemarle Corporation
  • Lanxess AG
  • ICL- Industrial
  • Jordan Bromine Company
  • IRO GROUP INC.
  • Weifang Taihexing Chemical Industry
  • Neogen Chemicals Limited
  • Shouguang HongHai Chemical Co. Ltd.
  • Weifang Rixing Chemical Co., Ltd.
  • Shandong Dongxin New Materials Technology Co., Ltd.

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Calcium Bromide Market: Segmentation

Type:

  • 7774-34-7 hexahydrate
  • 7789-41-5 anhydrous
  • 22208-73-7 dihydrate

Products:

  • Technically specified rubber (TSR)
  • Ribbed smoked sheet (RSS)
  • Latex
  • Others

End Use:

  • Oil & Gas
  • Automotive
  • Power Generation
  • Others

Application:

  • Clear brine fluid
  • Oxidizer

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • APEJ
  • Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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