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As per ESOMAR-certified consulting firm Future Market Insights’ (FMI’s) recent market analysis, growth is on the cards for the global automated guided vehicles (AGV) market. The report forecasts the market valuation to reach US$ 996 Mn in 2021, growing at an impressive 7.9% CAGR through 2031.

Rapid urbanization and adoption of industrial automation within logistics, transportation, and healthcare industry across the globe will propel sales. Owing to the growing need of automation, the market experienced year-on-year growth at 5.4% in 2020-21.

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Growing automation in material handling solutions will enhance growth prospects during the forecast period. Also, laser-guided AGVs will gain immense popularity among manufacturers as they offer greater precision and reliability.

Reduction in labor costs, human errors, and round-the-clock accessibility of AGVs are key factors increasing the adoption within end-use industries.

Expansion of automotive, consumer goods, retail, and oil & gas industries in developed countries such as the U.S., the U.K., and Germany will continue to boost sales. This will allow AGV manufacturers to focus on capacity expansion, creating growth opportunities over the coming years.

Expansion of production facilities across India, China, South Korea, and Brazil also will boost the AGV sales. Deployment of AGVs to streamline operations with reduced costs and added productivity will also aid the growth in these economies.

“Growing need for industrial automation is expected to boost the adoption of AGVs over the coming years. With increasing adoption of AGVs within automotive, healthcare, logistics, and e-commerce industry, key players will witness lucrative growth opportunities during the forecast period,” says the FMI analyst

Key Takeaways from Automated Guided Vehicle Market Survey

• In terms of technology, laser-guided AGVs will dominate the segment due to their highly accurate navigation systems.
• Based on end-use, logistics sector will generate high demand for automated guided vehicles.
• Increasing application in transportation will foster the AGV sales during the forecast period
• Tow vehicles will emerge as the most preferred vehicle type in the automated guided vehicle market.
• The U.S. is projected to witness high demand for automated guided vehicles, owing to the presence of various end-use industries.
• The U.K. will showcase a positive demand outlook, due to expansions in the automotive and eCommerce industry.
• China will provide lucrative opportunities for AGV manufacturers due to high production volumes in manufacturing industries prevailing in the country.
• India will experience demand for automated guided vehicles, owing to the increasing adoption of industrial automation within logistics sector

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Competitive Landscape

JBT Corporation, Daifuku Co., Ltd., Kuka AG, Omron Adept Technologies, Inc., Kion Group AG, Oceaneering International Inc., Transbotics Corporation, AGVE Group, Inc., Seegrid Corporation, Murata Machinery, AVT Europe NV, SSI Schaefer, Toyota Industries Corporation, Cassioli Srl, Robotnik, Mecalux, S.A, Kollmorgen, Bastian Solutions, Inc., and E&K Automation GMBH are some top manufactures operating in the automated guided vehicle market.

As per FMI’s analysis, key manufacturers will account for approximately 43% of the total market share. Key strategies leveraged by players in the automated guided vehicle market include production facility expansions, coupled with strategic partnerships aimed at product innovation to support the growing demand for AGVs.

• In May 2021, Daifuku Co. Ltd. announced the establishment of a new production facility in Boyne City, Michigan. The production plant will facilitate the manufacturing of AGVs for airports, automotive, and eCommerce industries, including world-famous Amazon.
• In June 2021, Seegrid Corporation launched the new Tow Tractor Series 8 with enhanced features such as excellent navigation, extended field of view, and shorter clearance height for managing various cart trains. The product line features Smart Path technology, increasing the fleet’s ability to navigate safely and moving materials reliably in high-traffic facilities.

Automated Guided Vehicle Market by Category

By Technology Type:

• Laser Guidance
• Magnetic Guidance
• Infrared Guidance
• Wire Guidance
• Inertial Guided
• Optical Guided

By Application Type:

• Transportation
• Distribution
• Storage

By Vehicle Type:

• Unit Load Carrier
• Pallet Truck
• Assembly Line Vehicle
• Tow Vehicle
• Forklift Truck
• Light Load Transporters

By End Use:

• Logistics
• Healthcare
• Automotive
• Manufacturing
• Food & Beverages
• Aerospace

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Key Points Covered in Automated Guided Vehicle Market Survey

• Market estimates and forecast 2021-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Automated Guided Vehicle Market and how to Navigate
• Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Train Seat Market : is likely to hold a value of US$ 1933 Million. With a CAGR of 4.5%, the market is projected at US$ 3001 Million during the forecast period from 2022 to 2032.

Automotive Axle Market : garnered a market value of US$ 61.2 Billion in 2022 and is expected to accumulate a market value of US$ 74.60 Billion by registering a CAGR of 2% in the forecast period 2022-2032.

Mechanical Performance Tuning Components Market : will reach at an estimated value of US$ 197.7 Bn, registering 4% CAGR during the forecast period (2022-2029). The overall demand in the market is expected to surpass US$ 260.7 Bn by the end of 2029.

Motorcycle Suspension System Market : to grow with a CAGR 4.7% in between 2022 to 2029 reaching a value of US$ 2,381.6 Mn by 2029 end.

Automotive Windshield Washer System Market : to grow with a year on year growth of 5.7% in 2022 reaching a value of about US$ 19 Bn by 2022 end.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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According to ESOMAR-certified Future Market Insights’ (FMI), demand for automotive tire is expected to rise considerably, enabling the automotive tire market to grow at 6.0% CAGR throughout the forecast period between 2021 and 2031.

Newly released data by Future Market Insights predicts the global automotive tire market to reach US$ 366,092 Mn in 2021. Despite stifled growth amid COVID-19 outbreak, the market is likely to recover, showcasing 5.6% year-on-year growth in 2021.

The radial tire sales is projected to surpass US$ 550 Bn between 2021 and 2031. Bridgestone, Michelin, Goodyear, Continental, and Pirelli are the leading market players and they are expected to collectively account for nearly 48% of global automotive tire market in 2021.

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With the dawn of new phase of industrialization “Industry 4.0”, spike in sales of lightweight and commercial vehicles is observed. Rising per capita income and improvement in standard of living have led to increase in sale of passenger cars and two wheelers.

Increasing trading activities have fueled the demand for high performance automotive tires for light and heavy commercial vehicles. These factors will drive the sales of automotive tires during the forecast period.

Increasing sales of electric vehicles and increasing efforts to reduce the carbon emission by developing low resistance tires with superior grip will boost the automotive tire market growth over the assessment period.

Some of the market players are developing green tires, which are manufactured using dispersible silica. These green tires offer superior wet grip and enhance vehicle stability and safety. The lightweight nature, low fuel consumption due to reduced rolling resistance, and high durability haves made green tires highly sought-after in the automotive industry.

Pandemic has led to closure of manufacturing facilities and slump in sales of automotives in 2020. Limited driving led to reduction in tire replacement and new tires sales which negatively influenced the market growth.

However the market is expected to recover post lockdown as people are switching to digital platform to ensure social distancing and limit the infection transmission. Through digital platform, the companies are able to provide doorstep tire replacement services with no hassle. These services are expected to provide a positive impetus for the growth of the automotive tire market post pandemic to 2031.

Key Takeaways from FMI’s Automotive Tire Market Study

• North America market is anticipated to grow at 5.9% CAGR backed by increasing consumer spending on comfortable and more durable tires and rising sales of electric vehicles in U.S. and Canada.
• Europe is expected to lead the automotive tire market, showcasing growth at 6.2% CAGR in 2021. The growth can be attributed to rise in passenger car production rate, presence of leading original equipment manufacturers, and high demand of custom tires by automakers in the region.
• Soaring popularity of retread tires and rising partnerships between automakers and tire manufacturers to cater the consumer need will bolster growth opportunities.
• Japan and South Korea will collectively account for around 12% of the global market share in 2021.
• Radial automotive tires sales will soar as they offer high heat dissipation rate and long life. The radial automotive tire segment is expected to surpass US$ 550 Bn in terms of value by the end of 2031.

 “Increasing sales of electric vehicles along with increasing research activities aimed at reducing carbon emission by lowering the rolling resistance will drive the market growth in forthcoming years,” says the FMI analyst.

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Competitive Landscape

As per FMI, Bridgestone, Michelin, Goodyear, Continental, and Pirelli dominate the automotive tire market, collectively accounting for 48% of total market share in 2021.

Leading market players are focusing on developing new tires as per the changing market dynamics and customer demands. They are also looking to capitalize on the high revenue opportunities offered by developing nations by setting up manufacturing plants in these countries.

For instance, in June 2021, Michelin launched its new “MICHELIN X® MULTI GRIP™” truck tires developed for high performance in extreme winter condition. The tire offers superior grip, safety in extreme cold and wet roads with elevated mileage thus paving way for more sustainable transport system.

Michelin also launched “MICHELIN X AGVEV” tire especially designed for automatic guided vehicles (AGV) operating in ports. MICHELIN X AGV^EV is first of its kind tire engineered for electric vehicles requirements to improve performance, reliability, productivity, and safety of AGV. It has very low rolling resistance thus reducing machine emission and improve battery life of the electric vehicle.

Prominent players operating in the automotive tire market are:-

• Continental AG
• Bridgestone Corp.
• Michelin
• Goodyear Tire And Rubber Company
• Pirelli & C. S.P.A
• Yokohama Rubber Company Limited
• Cheng Shin Rubber Industries
• Sumitomo Rubber Industries Ltd.
• Toyo Tire & Rubber Company
• Trelleborg AB
• Cooper Tire & Rubber Company
• Hankook Tire
• Madras Rubber Factory Limited
• Kumho Tire Co. Inc.
• Apollo Tyres Ltd
• Sailun Tires Ltd
• Shandong Linglong Tyre
• Nokian Renkaat Ojy
• Titan Tire Corporation
•  Nexen Tire America Inc

Automotive Tire Market by Category

By Vehicle Type:

• 2/3 Wheeler
  • <18”
  • >=18”
• Passenger Vehicle
  • <=15”
  • 16”-19”
  • >=20”
• Commercial Vehicle
• Light Commercial Vehicle
  • <=15”
  • 16”-19”
  • >=20”
• Heavy Commercial Vehicle
  • <=20”
  • 21”-24”
  • >=24”
  • specialty Vehicle

By Tire Structure:

• Radial
• Tube
• Tubeless
• Bias

 By Sales Channel:

• OEM
• Aftermarket

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East and Africa (MEA)

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Key Points Covered in Automotive tire Market Study

• Market estimates and forecast 2015-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Automotive Tire Market and How to Navigate
• Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Autonomous Vehicles Market : size is expected to be valued at US$ 35,282.8 Million in 2022. The overall demand for Autonomous Vehicles is projected to grow at a CAGR of 10.9% between 2022 and 2032, totaling around 99,451 million by 2032.

Automotive Seating Market : is likely to be valued at US$ 52,941.6 million in 2022 and is predicted to secure a slow-paced CAGR of 3.40% during the forecast period. The market is expected to grow at a value of US$ 73,960.9 million by 2032.

Automotive Foams Market : demand is anticipated to be valued at US$ 42,300.0 Million in 2022, forecast to grow at a CAGR of 11.2% to be valued at US$ 122,289.2 Million from 2022 to 2032.

Automotive Electronics Market : demand is anticipated to be valued at US$ 300,332.43 Million in 2022, forecast to grow at a CAGR of 7.30% to be valued at US$ 607,574.4 Million from 2022 to 2032.

Automotive Air Filter Market : is expected to be valued at US$ 5,321.3 Million in 2022, and is projected to reach US$ 6,680 Million by 2032.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Increasing use of advanced technology, such as sensors and traction control systems is boding well for the growth of the global automotive steering system market. However, according to an FMI study, the COVID-19 pandemic continues to obstruct automotive production activities, worldwide, as some of the most affected countries house major automotive production hubs, such as Germany, the UK, India, and the U.S. The pandemic is likely to have a measurable impact on consumer demand in the short term, with automotive sales in Germany registering a 40% drop in Q1 of 2020. Tier-2, and especially tier 3 suppliers of automotive steering systems are poised to get adversely affected by pandemic-related disruptions.

Automotive steering system market is projected to total US$ 23.2 Bn in 2022, growing at a healthy 4.6% CAGR, the market size is projected to total US$ 33.3 Bn by 2030.

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The global automotive steering system market is likely to experience a V-shape recovery growth curve, owing to an increase in automotive production in emerging countries such as China, Mexico, and India. As such, the market will witness rapid resurgence post containment of the COVID-19 pandemic.

The global automotive steering system market value of US$ 23.2 Bn in 2022, and is projected to exhibit a CAGR of 4.6% during the forecast period (2022–2030).

Key Takeaways of Automotive Steering Systems Study:

• Active safety technologies such as antilock breaking systems (ABS) and electronic stability control (ESC) are becoming commonplace in the automotive sector for improved safety; thus, fueling the demand for automotive steering systems.
• Increasing adoption of advanced technologies and power steering systems in mid-size, compact, and light commercial vehicles (LCVs) is expected to positively influence the automotive steering system market.
• Electric power steering is expected to be highly preferred over other technologies, as it offers simplified tuning, packaging flexibility, and engine-off steering assist.
• Key manufacturers in automotive steering system market are innovating automotive steering systems to increase control and stability by using sensors and traction control systems for the detection of vehicle skidding movements as well as to counteract them, which complements the safety features of automotive steering systems.

“Autonomous vehicles and connected cars are rapidly becoming mainstays, and are expected to pave the way for future-proof systems where computers would replace human drivers, thus creating positive growth prospects for players in the automotive steering system market. In addition, the ongoing COVID-19 pandemic is likely to alter how key players establish their supply chains in the coming years, where, putting more focus on decentralization is likely to happen.”

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Automotive Steering System Market Participant Insights

The global automotive steering system market is highly consolidated, with the top ten players in the market holding nearly 70% value share. Leading players are looking to expand their business operations in emerging markets and increase value-addition in their product offerings through portfolio rationalization.

Launching advanced products that offer umpteen operational benefits in tandem with fulfilling existing safety regulations will help key players achieve product differentiation as well as scale-up their presence in the global automotive steering system market.

Key Segment

Technology

• Electronic Steering
  • H-EPS
  • C-EPS
  • P-EPS
  • R-EPS
• Hydraulic Steering
• Manual Steering
• Electro-hydraulic Steering

Vehicle Type

• Passenger Cars
  • Compact
  • Mid-size
  • Premium
  • SUVs
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Region

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

Some of the key players mentioned in the automotive steering system market study are JTEKT Corporation, Nexteer Automotive Group Ltd, Showa Corporation, ThyssenKrupp AG, Hitachi Automotive System Ltd, Robert Bosch GmbH, and NSK Steering System Co. ltd.

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Report Metrics & Details

• Base Year – 2019
• Historical Period – 2015-2019
• Forecast Period – 2020-2030
• Market Value in 2019 – US$ 22.8 Bn
• Segments Covered – Technology, Vehicle Type, and Region
• Regions Covered – North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa.
• Key Companies – JTEKT Corporation, Nexteer Automotive Group Ltd., Showa Corporation, ThyssenKrupp AG, Hitachi Automotive System Ltd., Robert Bosch GmbH, and NSK Steering System Co. Ltd.
• Growth Drivers –
  • Upsurge in automotive production
  • Increasing sales of electric vehicles
  • Rising adoption of connected technologies in automobiles

Top Reports Related To Automotive Market Insights

Automotive Belts Market : is poised to grow at a CAGR of 3.9% during the forecast period. This is expected to exceed US$ 13,902.6 million in 2022 to reach US$ 20,473.5 million in 2032.

Automotive Radar Market : is expected to reach a valuation of US$ 4,614.5 Million in 2022. The expanding scope of application and technology innovation are projected to be the market’s primary growth drivers.

Aerospace Fasteners Market :  is likely to be valued at US$ 7,834.5 million in 2022 and is predicted to secure a moderate-paced CAGR of 6.4% during the forecast period.

Automotive Carbon Brake Rotors Market : is projected to grow at a CAGR of 7.6% and is expected to exceed US$ 5521.3 million in 2022 to reach US$ 11485.9 million by 2032.

Automotive AC Compressor Market :  due to the growing demand during the forecast period. It is anticipated to be appraised at US$ 13,696.2 Mn by 2032, up from US$ 9,342.1 Mn in 2022.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Diethanolamine, also known as DEA or DEOA, is a white solid organic compound at room temperature. The compound is obtained when ammonia and ethylene oxide undergo chemical reaction. Apart from diethanolamine, this reaction also results in the production of monoethanolamine and triethanolamine.

Diethanolamine is a part of two chemical groups namely alcohol and amine. This results in a unique property of the compound to react with both groups. In alcohol form diethanolamine is hygroscopic in nature and can react to form esters. In the form of amine the compound is slightly more alkaline and upon reaction with acids forms soap and salt.

This unique characteristic of diethanolamine results in most of its applications. In industrial applications the compound is used in its pure form or as aqueous solutions of different concentration of diethanolamine.

The main application of diethanolamine is in the manufacturing of agrochemicals especially herbicides. Glyphosate is one of the most common herbicides used across the world to kill weeds and grasses competing with the commercial crops.

The huge demand for glyphosate from the agriculture industry is the primary driver for diethanolamine, which is the main feed stock for the production of glyphosate. Aqueous solution of diethanolamine is also extensively used as a gas scrubbing agent. It is used for the treatment of refinery gas, natural gas and liquid streams.

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Carbon di oxide and hydrogen sulfide are the two contaminants removed by the application of diethanolamine in refinery and natural gas. This application accounts for a good part of global volume demand for diethanolamine. Apart from these two applications the compound is used in manufacturing of personal care products, textiles, and metal works.

Diethanolamine is used to manufacture several fatty acid amides which are used in various personal care products. It is also used in the textile industry as scoring agent for silk and wool owing to the low alkalinity of the chemical. It is used in vat printing pastes due to its low hygroscopicity. Textile lubricants are often made of diethanolamine salts as it improves corrosion resistance and provides it with anti static properties.

Diethanolamine is used as intermediates for the production of water soluble lubricants, corrosion inhibitors, biocides and emulsifiers. It provides the required alkalinity to the water soluble grinding fluids to protect against metal rusting.

Iron does not oxidize in alkaline conditions and it prohibits rusting. Diethanolamine is also used as a catalyst to provide stability in the manufacturing process of flexible as well as rigid polyurethane foams.

Although the diethanolamine market is growing at a commendable rate, there exist some restraints to this market. The compounds application in herbicide manufacturing has a threat from increasing weed resistance for glyphosate.

Due to its tremendous use in the agricultural sector, the weeds and grasses have displayed signs of chemical resistance, which is a concern for the markets future growth. Moreover diethanolamine is a regulated chemical and occupational exposure to it should be limited. Exposure to the chemical causes respiratory tract irritation, skin irritation and might even impair eyesight upon contact with eyes.

North America is the leading consumer of diethanolamine, closely followed by Asia Pacific region. China is the largest manufacturer as well as consumer of the compound in Asia Pacific. The market growth rate is the highest in Asia Pacific region.

Some of the main players operating in this market are Dow Chemical Company, BASF SE, Helm AG, Huntsman Corporation, and Jinan Haohua Industry Co., Ltd. among many others.

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This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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During the projected period 2022-2032, the global slimicides market is expected to develop at a CAGR of 3% to 4%. Surging demand for paper processing chemicals in quickly expanding paper businesses, as well as increased paper recycling and manufacturing operations in countries like as China, the United States, Germany, India, and others, are expected to generate significant revenue in the slimicides market.

Slimicides are chemical agents used for killing microorganisms that produce slime, such as bacteria, fungi, slime and algae. Slime is used in the papermaking process as a large amount of water is recirculated and different paper making chemicals are added during the process of papermaking for improving the quality of paper and increasing the process productivity. The temperature and pH of the recirculating water and other environmental conditions of the reused water are ideal for the growth of the bacteria and other microorganisms which produce slimes.

Breaks and holes in the network of fibers or paper web, produced by slime lumps, can impact paper quality and its finishing. Slime can also be responsible for pipe clogging or nozzle blocks, which results in production breakdown and sudden shutdowns. This increases production and maintenance cost. Slimicides are used to avoid such breakdowns. The Paper industry is a major consumer of slimicides. Slimicides are a type of biocide and are generally compatible with various pH conditions.

Slimicides also must be compatible with the additives used in the paper making process. Slimicides are of various chemical origins, including bromium, aldehydes, organic sulfur and quaternary ammonium compounds.

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Market Dynamics of Slimicides Market

Increasing Demand for Process Improvement Chemicals from Paper Making Industry Pushing the Growth of Slimicides Market

The Paper Industry is going through a dynamic stage and cost saving and quality improvement are at the center of the strategies being followed by paper industry players. Rise in demand for paper processing chemicals to improve process quality is expected to drive the slimicides market during the forecast period. The growth of the paper industry is being pushed by the growth of the paper and packaging industry globally. Emerging markets are also creating paper demand because of the expanding middle class in these markets. Demand from hygiene products is one of the major drivers for the paper industry now a days. Increasing demand for paper is ultimately pushing the paper making industry and in turn, accelerating the demand for slimicides.

Rising environmental, political and economic pressures on paper making industry

Stringent environmental regulations pertaining to waste water and other effluents from the paper industry are anticipated to be a restraining factor for the growth of the slimicides market. The Paper industry consumes a large amount of wood. Regional laws and regulations regarding tree cutting and use of paper are expected to negatively impact the growth of the paper industry in developed economies. Slimicides come under biocides and are bound to follow regulations imposed on the use of biocides. Increasing number of regulations from various authorities, including EPA, REACH and others, on the use of chemical biocides will impact the potential growth of slimicides market during the forecast period.

Slimicides Market Trends: New developments in the field of biocides are expected to create new opportunities for slimicides

Continuous research and development in the field of biocides is pushing the demand for efficient biocides in the papermaking industry. New materials with better properties to kill slime and other unwanted microorganisms are being developed. These materials are not only effective, they are also less harmful for the environment as these materials are needed only in a small quantity. Slimicides manufacturers are entering into long-term contracts with paper making companies to enhance their presence in the market.

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Slimicides Market: Regional Outlook

Asia Pacific leads the global slimicides market due to increasing demand from the growing paper and pulp industry in the region. Increasing middle class population in emerging economies of Asia Pacific is supporting the growth of the paper making industry in the region. High GDP growth in the region is also bolstering industrial production and packaging industry, which is expected to push the growth of the paper industry, in turn pushing the growth in demand for slimicides. Europe will follow Asia Pacific, in terms of demand for slimicides. However, stringent regulations in Europe will affect the potential growth of the slimicides market in this region. North America will follow the Europe slimicides market during the forecast period. Increasing prices of paper and packaging materials in North America will increase profit margins for papermaking players. This will further push the papermaking business in North America, in turn driving the demand for slimicides to improve paper quality.

Global Slimicides Market Participants         

Some of the market participants identified across the value chain of the global Slimicides market are:

• BASF
• The Dow Chemical Company
• LANXESS
• Vink Chemicals GmbH & Co. KG
• Watch Water GmbH
• Albemarle Corporation
• Parchem fine & specialty chemicals
• Superior Plus Corp.
• Lonza Group Ltd
• Auchtel Product Limited
• INTACE
• Finor
• Calgon Bio-Organics Pvt Ltd

The global market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The global market research report provides analysis and information according to market segments such as geographies, application and industry.

The Global Slimicides Market: Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The global market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The global market report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Slimicides Market Segmentation

On the basis of type, the global slimicides market can be segmented as:

• Bromium
• Aldehydes
• Organic Sulfur
• Quaternary Ammonium Compounds
• Other Compounds

On the basis of form, the global slimicides market can be segmented as:

• Powder
• Liquid

On the basis of end use industry, the global slimicides market can be segmented as:

• Paper Industry
• Oil Extraction Industry

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According to the latest research, the demand for Optically Clear Resin (OCR) is anticipated to grow with a compelling growth rate of about 5.5% to 7.5% in between the coming assessment period of 2021-2031.

The automotive application sector is expected to grow at the fastest rate in the optically clear resin market during the forecast period, owing to the rising use of displays in driver assistance. It is a liquid-based bonding method used to adhere display components in display technology and touch screens.

They are optically clear film adhesives with outstanding adherence to a variety of transparent substrates. They are utilised to increase the electrical and mechanical performance of screens as well as their contrast and brightness.

Furthermore, because of their exceptional optical and mechanical properties, they boost the endurance of advanced displays. As a result, they are used in consumer electronics, mobile phones, LCD panels, and other places.

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What is Driving Demand for Optically Clear Resin?

The Major factors driving the market are the growing demand from consumer electronics and automotive & transportation industry. Due to increasing demand of personal electronic gadgets around the world, the global optical resin market is experiencing significant growth. The rapid usage of smartphones and LCD televisions is a key component propelling the optically clear resin market forward.

Over the projected period, the aerospace segment is expected to increase at a significantly consistent rate. The use of (OCR) in display screens in aircraft cockpits aids in improved screen display performance and clarity. These resins also effectively bridge any gaps between the lcd/led and the cover glass, as well as giving anti-reflective and anti-glare properties to the cover glass.

Over the projected period, the aerospace segment is expected to increase at a significantly consistent rate. The use of (OCR) in display screens in aircraft cockpits aids in improved screen display performance and clarity. These resins also effectively bridge any gaps between the lcd/led and the cover glass, as well as giving anti-reflective and anti-glare properties to the cover glass.

Electronic and Automotive Industry Boost the Market of Optically Clear Resin

The electronics sector is the primary end-user of optically clear resins. Touch screen and display applications are the most common places where OCR is used. When mobile devices, televisions, phones, and laptops switch to touch screens, applications are likely to improve. The mobile phone segment dominated the global optically clear resin market in terms of application.

Another segment that drives the market growth significantly is the automotive industry. The development of more innovative digital products and the expansion in the size of display panels and screens used in display panels has resulted from increasing developments in electronic components used in automotive applications.

Some of the key factors driving market revenue growth are a steady increase in clusters of equipment that operate on display screen technologies, such as digital display mirrors and control displays for heating, ventilation, and air conditioning, as well as a growing focus among automotive manufacturers to deliver a more enhanced in-cabin digital experience for customers.

APAC Market Outlook

Due to expanding demand for electronics items, smartphones, and growing sales of electric vehicles in countries like as South Korea, India, China, and Japan, the OCR market in Asia-Pacific is predicted to develop at the fastest rate throughout the forecast period.

The region being the global hub of production for electronic devices as well as automotive industry, demand is expected to be significant in Asia Pacific and estimated to account for largest share in the overall market. Furthermore, the presence of major market players in the region, such as Daxin Materials, contributes to consistent market revenue growth.

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North America Demand Outlook

Due to the rapid growth in electronic industry and increasing demand of automotive industry drives the market of optically clear resin in North America. Unites States is the largest manufacture of high performance electric vehicles in North America.

The regions holds a significant share in market due to the presence of significant manufacturing facilities for the global automotive sector, as well as increasing production of niche electronic products.

Who are the Key Manufacturers and Suppliers of Optically Clear Resin?

Some of the leading manufacturers and suppliers of optically clear resin include

• DuPont
• Taica
• Henkel
• LINTECH
• Delo Industrial Adhesives LLC.
• 3M Company
• Electrolube
• Daxin Materials
• Nitto Denko corporation and many others.

Significant growth of Optically Clear Resin market in automotive sector and electronics industry areas in countries such as China and India drive the market in the Asian-pacific region. Key strategies implemented by players in the market include technology releases, acquisitions, and R&D efforts.

The Optically Clear Resin report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Product Type:

• Acrylic
• Polyvinyl Acetate (PVA)
• Polyurethane (PU)
• Silicone
• Epoxy

By End Use:

• Consumer Electronics
• Automotive

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com