Market Research Blog – Page 10552 – New Product Development

Tarpaulin Sheets Industry is Expected to Grow at A CAGR of 4.6% During The Forecast Period

The tarpaulin sheets market size is estimated at US$ 12.1 Bn in 2031, likely to surge at a vigorous 4.6% CAGR during the assessment period 2022 – 2031.

Tarpaulin sheets have remarkable properties that help in protecting goods and against harsh weather conditions. They have good tensile strength and the durability, which is why Future Market Insights (FMI) has predicted their sales to surge in the coming years.

Application across industries such as agriculture, building & construction, storage, warehousing & logistics, consumer goods, and others will enable the market to reach a valuation of US$ 12.1 Bn by 2031. Agriculture and the building & construction sectors are likely to account for maximum sales of tarpaulin sheets. Of these, over one-fourth of tarpaulin sales concentrates in the agriculture sector.

Tarpaulin sheets are used in various applications such transporting of the goods and products in the ship where they are majorly used in covering and for the protection of cargo. They also are in the roadway and railway transportation of the goods. In agriculture, tarpaulin sheets provide excellent protection to the crops or produce from the extreme rains and sunlight during the summer which is likely to damage the condition of the crops.

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In addition to the protection against harsh temperature, tarpaulin sheets are used as pond liners d to collect and reserve the water. The antifungal and anti-static properties of Poly Vinyl Chloride (PVC), which is a key material used for making tarpaulin sheets is attributable for their impressive properties.

In the coming years the market will witness increasing focus on the manufacturing of recyclable tarpaulin sheets. Increasing demand for sustainable packaging solutions will give tailwinds to this trend and in turn pave the way for the expansion of the market in the near future. Tarpaulin sheets are serving their usage in various applications which is anticipated to increase the market share for the global tarpaulin sheets market in the near future.

In June 2020, the Presena glacier in Northern Italy was covered with vast tarpaulin sheets to cover over 100,000 sq meters of the giant glacier to protect the glacier from melting due to global warming.

Key Takeaways from Tarpaulin Sheets Market

Tarpaulin sheets sales will rise consistently, enabling the market register a CAGR of 4.7% between 2021 and 2031
Rising demand from building and construction sector will support growth in the U.S., which is forecast to account for over 84% of sales within North America in 2021
Recovery is on card for the U.K. market as demand from agriculture sector continues to rise
Expansion of agriculture sector enable the India market exhibit impressive growth
China will continue dominating APEJ market, thanks to high availability of raw materials

“Ease of handling and the demand for flexible packaging solutions are driving tarpaulin sheets sales. Companies operating in the market are currently emphasizing on sustainable solutions to keep pace with changing trends in the market. There is higher focus on offering greater recyclability, which will contribute towards the growth of the market in the coming years,” says FMI analyst.

Environmental Concerns Regarding Tarpaulin Sheets Might Hamper Growth

Although tarpaulin sheets provide excellent protection to goods and products, it also serves as a cost-effective packaging solution for manufacturers and consumers. However, difficulty in biodegradability is expect to restrict the adoption of the tarpaulin sheets. Tarpaulin sheets require centuries to biodegrade by which they create a huge harm for the environment leading to the marine and land pollution.

Compared to the traditional tarpaulin sheets, the recyclable tarpaulin sheets are expected to reduce the environmental pollution and create higher scope for the expansion of the market in the coming days. The use of traditional tarpaulin sheets are anticipated to adversely affect the demand, especially in the emerging economies such as, Middle East & African countries, Singapore, Malaysia and other countries.

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Who is Winning?

Manufacturers eyeing on the premiumization of the tarpaulin sheets which is expect to boost the global tarpaulin market. They are not only producing the tarpaulin sheets of superior quality but are building excellent brand image to attract consumers with low price sensitivity, strong purchasing power, and high brand loyalty. Also, manufacturers are focusing on the manufacturing of sustainable or eco-friendly tarpaulin sheets to reduce the harsh environmental impact which will in turn provide consumer satisfaction and high profits.

Puyoung Industrial Corporation, Ltd., Fulin Plastic Industry Co., Ltd., Zhejiang Msd New Material Co., Ltd., Veer Plastics Private Limited, and among others are the key players in the global tarpaulin sheets market. The Tier 1 players hold 5-10% in the global tarpaulin sheets market while the Tier 3 players hold around 50-60% in the global tarpaulin sheets market.

Key Segments Covered In Tarpaulin Sheets Industry Research

Product Type:

Insulated Tarps
Hoarding Tarps
Truck Tarps
UV Protected Tarps
Sports Tarps
Mesh Tarps
Others

Material:

Polyethylene (PE)
Poly Vinyl Chloride (PVC)
Poly Ethylene Terephthalate (PET)
Polyamide (PA)
Canvas

Product Weight:

Less than 100 GSM
Between 100-300 GSM
Between 300-600 GSM
Above 600 GSM

Lamination Type:

Up to 2 Layers
3 Layers Laminate
4 Layers Laminate
Above 4 Layers

End Use:

Agriculture
Building & Construction
Automobiles
Storage, Warehousing & Logistics
Consumer Goods
Others

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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.

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Financial Fraud Detection Software Market Size, Share, Trends, Analysis Report to 2027

Fraud is an illegal act which involves unjustifiably claiming something valuable. Financial Fraud is an issue with widespread consequences in the financial service industry, government, and corporate sectors. Hence financial institutions need a real- time automated system to detect fraud across multiple channels and transactions every day.

With the rise of big data analytics, traditional methods of fraud detection such as manual detection appear inaccurate and more importantly time consuming. Hence, enterprises today invest in financial fraud detection software which integrate statistical and computational methods and big data analytics.

Fraud detection software is a solution which consists of a model built by machine learning methods and stream computing. This model analyses client’s past data to detect possible fraud patterns. Financial fraud detection software supports in minimizing losses by reducing detection time, manage massive data sets and use correlation to identify fraud patterns or unusual behaviors.

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Financial Fraud Detection Software Market: Drivers and Restraints

In recent years the development of new technologies has also provided numerous ways for criminals to commit fraud. Solutions such as cloud services, increased in preference of digital data make enterprises significantly vulnerable to fraud. This turns out to be a big driver for fraud detection software market.

Frauds are majorly committed for monetary benefits, resulting in considerable depreciation in the revenue of the organization.

This has magnified the demand of financial fraud detection software in the enterprises being one important driver for this market growth.

The high cost of various machine learning and statistical analytics solutions is a challenge for this market causing hindrance to the growth of market.

The infrastructure demand before the deployment of these software and low level of awareness are also some restraints for this market.

Financial Fraud Detection Software Market: Segmentation

Financial Fraud Detection Software Market can be segmented on the basis of end user, deployment type, and region.

On the basis of end user it can further segmented into financial enterprises, educational institutions, healthcare, government, and manufacturing sectors.

Deployment type category includes money laundering, identity theft, credit/debit card fraud, wire transfer fraud, subscription frauds and claim frauds.

Region wise, Financial Fraud Detection Software Market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa.

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Financial Fraud Detection Software Market: Regional Overview

North America emerges as the leader in the financial fraud detection software due to presence of large financial and healthcare enterprises in the countries such as USA and Canada.

Companies such as Gemalto NV, SEKUR.me, CipherCloud, SIGNIFYD Inc., Riskified Ltd. are some of the majority software providers for financial fraud detection in USA.

European countries such as France, Greece and UK are also expanding their market and will see a good rate of growth in future in financial fraud detection software due to increase in crimes such as card fraud and identity fraud.

Experian Information Solutions, Inc., AimBrain, ValidSoft, and Easy Solutions,Inc. are some key players in Europe’s fraud and authentication market.

Asia- Pacific is also expected to grow significantly in financial fraud detection software market at a considerable pace due increase in corporate fraud and corruption in government organizations followed by Latin America.

Regional analysis for Financial Fraud Detection Software Market includes development of the market in the following regions

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- BENELUX
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

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The 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.

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

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Sulfur Hexafluoride Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast to 2029

The global sulfur hexafluoride market is poised for promising growth at a projected CAGR of approximately 5.8% during the course of forecast period (2019-2029). Favorable chemical properties and variegated end-use applications particularly electronic devices continue to supplement the growth of sulfur hexafluoride market.

Key Takeaways of Sulfur Hexafluoride Market Study

Role of sulfur hexafluoride in developing electronic circuits is the growth engine of the market.
Chemical inertness, non-toxicity, high density, and high dielectric strength are highly sought-after attributes of sulfur hexafluoride.
Electronic grade sulfur hexafluoride contributes substantially to the overall demand.
Asia Pacific carves out approximately 45.8% revenue share in the global sulfur hexafluoride market.
Europe will exhibit relatively sluggish market growth owing to stringent government regulations.

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Key players must adopt multipronged strategies such as joint ventures and product development for competitive leadership. These strategies are fundamental to fortifying their foothold in the global sulfur hexafluoride market.

Asia Pacific Accounts for 45.8% Share in Sulfur Hexafluoride Market

On account of enormous regional population, power and energy demand is soaring in Asia Pacific. Being a leading end-use application of sulfur hexafluoride, power & energy generation industry is supporting the growth of regional market. Hence, Asia Pacific sulfur hexafluoride market garnered approximately 45.8% market share in 2018.

The sulfur hexafluoride market is Europe will relatively be slow during the forecast period owing to environmental implications associated with the product. Moreover, stricter norms set down by governing bodies are limiting the sulfur hexafluoride market growth in the region. However, improved sustainable practices in certain domestic markets such as the United States will contribute to steady market growth in the country.

Sustainable Practices Remain Key Agenda of Industry Leaders

Some of the key players featured in this FMI study include, but are not limited to, Advanced Specialty Gases, Air Liquide, Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Solvay S.A., Praxair Technology, Inc., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.

The global sulfur hexafluoride market is fragmented in nature. Reusing sulfur hexafluoride and incorporating latest technology is the key forte of market leaders. For instance, Solvay reclaims and reuses sulfur hexafluoride gas worldwide to comply with stringent environmental norms. Other players opt for collaborations to strengthen their market presence.

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Sulfur Hexafluoride Market: Segmentation

The global sulfur hexafluoride market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Grade

Technical
Electronic

By Application

Electrical Transmission and Distribution
Semiconductor Manufacturing

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global sulfur hexafluoride market. The major categories encompassed by the report include grade (technical, electronic), application (electrical transmission and distribution, semiconductor manufacturing) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

About 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.

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Feldspar Market Size | Global Analysis, Trends, Share, Incredible Growth, Detailed Analysis and Business Prospects by 2029

Future Market Insights (FMI) recently published a detailed business intelligence study on global demand for and application of feldspar in various industries. The study reveals that the global feldspar market size reached around US$ 1.3 Bn in 2018.

Robust advancement in construction and development of both commercial and residential sectors are triggering the sales of feldspar, which is widely used in making ceramic tiles. However, recycling of glass and ceramic, mining costs, and volatile logistics are some of the foremost restrains which are expected to hinder the growth of the feldspar market.

An increase in the demand for real estate and revival of the U.S. economy exert the demand for feldspar on the ceramics industry, which will further expand North America’s feldspar market.

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Key Takeaways – Feldspar Market Study

The global feldspar market is projected to grow at a CAGR of 5.5% over the forecast period (2019-2029).
Europe’s feldspar market accounts for 59% of the global market value, owing to emergence of Germany as one of the top producers of feldspar.
Feldspar market in Germany was valued to be US$ 12 Mn in 2018, due to increasing demand for glass and ceramics in global automotive, construction and electronics industries.
High growth opportunities are expected in APEJ, owing to rapid expansion of construction industry and increased government investments in infrastructural projects.
Stringent environmental regulations on mining of feldspar are expected to hinder the market growth.

Potassium Feldspar to Hold Relatively Large Share

The FMI study finds that potassium feldspar account for higher share than its plagioclase counterpart. Strong global focus on harnessing solar energy is significantly contributing to demand for K-feldspar, which is commonly used in solar glass to produce solar cells.

In addition, increasing utilization of post-consumer glass collected via neighborhood and local government recycling programs will continue to intensify competition for raw materials such as feldspar in the manufacturing of glass containers. However, it is imperative to note that the presence of substitutes such as nepheline syenite is projected to negatively impact the demand for feldspar.

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Feldspar Market: Segmentation

The global feldspar market is segmented in detail to cover all aspects of the market and provide a detailed market research insights to readers.

By Product

K-Feldspar
Plagioclase Feldspar

By Application

Glass
Ceramic
Construction
Decorative
Electrical

Feldspar Market Remains Highly Consolidated

The global feldspar market is highly consolidate, making it difficult for new companies to enter the marketplace. Some of the major companies dominating the market are Quarzwerke GmbH, I-Minerals Inc., Feldspar Corp., Quartz Corp., Adolf Gottfried Tonwerke GmbH, Imerys S.A., EczacibasiEsan, Granite Rock Company, LB Minerals, SCR-Sibelco NV, U.S. Silica Company, SP Minerals, Pacer Corporation, and Sunminerals.

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To stay ahead of pack, manufacturers are targeted towards stronger foothold on the global market along with competitive pricing strategy. These factors played an important role in Quartz Corp’s decision to increase the price of feldspar by 5% to 10%, effective from 1^st January 2020. Such strategic move is likely to influence other manufacturers and suppliers to bring high quality products to the market at affordable prices.

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Polycarbonate Sheets Market | Future Plans and Industry Growth with Quantitative And Qualitative Analysis by 2029

Global polycarbonate sheets market is set for propitious growth, invigorated by promising demand from automotive and building & construction industries. Witnessing a projected CAGR of 4.3% over 2019-2029, this billion-dollar industry will receive noteworthy momentum from Asia Pacific market.

Expediting infrastructural activities in developing countries continue to create lucrative white spaces for manufacturers of polycarbonate sheets.

Globally leading manufacturers of polycarbonate sheets must plan massive investments in strengthening their supply chain across Asia Pacific to capitalize on surging demand.

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Key Takeaways of Polycarbonate Sheets Market Study

Crucial attributes such as high impact resistance, thermal insulation, and dimensional stability are boosting the demand for polycarbonate sheets.
Polycarbonate sheets are set to become a preferred alternative for acrylic and glass because of low maintenance cost and degradation over time.
Low carbon emission is prompting manufacturers to accelerate the adoption of polycarbonate sheets.
Role of polycarbonate sheets in manufacturing sturdy, lightweight and eco-friendly automotive components will steer the demand through 2029.
Increasing usage of polycarbonate sheets in commercial and residential spaces for cladding and roofing applications will exhibit promising growth through the forecast period.
Gains in polycarbonate sheets market will remain concentrated in Asia Pacific through 2029.
Fluctuation in raw material prices will hinder the growth of polycarbonate sheets market during projection period.

Asia Pacific Garners over 43% Share in Global Market

Consumers in Asia Pacific (APAC) would be the key demographic for polycarbonate sheet manufacturers. Increasing net worth income of consumers in emerging Asian economies is capturing the attention of global market leaders.

APAC continues to account for more than 43% of the total market value. Moreover, rapid industrialization is accentuating the demand for polycarbonate sheets. Strong government impetus and supporting policies are facilitating the growth of polycarbonate sheets market in this region.

In view of maturing end-use industries such as automotive and construction, polycarbonate sheets market in Europe and North America is relatively saturated. However, the packaging industry in these two regions will offer new growth opportunities on account of heightened demand from nuclear families.

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Industry Leaders to Unlock Profitable Avenues through Product Innovation

Major players profiled in this study, include but are not limited to, Trinseo, Spartech, Mitsubishi Gas Chemical, Evonik Industries, SABIC, Arla Plast, 3A Composites, Covestro, Excelite, Gallina India, and Palram Industries.

Leading players continue to diversify their product portfolio, especially in Asia Pacific. In view of enormous population, wide range of application-specific polycarbonate sheets will cater to variegated end-use segments.

For instance, Covestro launched new polycarbonate thermoplastics under the series ‘Makrolon’ which cater to various applications such as LED lighting, architectural glazing, eyewear, electronics, sporting equipment, automotive headlamps, and medical devices. Moreover, global players must collaborate with regional manufacturers to expand their market foothold.

Market Segmentation

The global polycarbonate sheets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Type:

Solid
Multiwall
Corrugated

End-Use:

Building & Construction
Automotive
Electrical & Electronics

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More About the Report

FMI’s study offers an in-depth market forecast and analysis on the polycarbonate sheets market. The major categories encompassed by the report include end-use (electrical & electronics, automotive, building & construction), type (solid, multiwall, corrugated) across five regions (Europe, Middle East & Africa, Asia Pacific, North America, Latin America).

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Demand for Nitric Acid Market | Global Industry Analysis, Size, Share, Growth, Trends And Forecast to 2032

Demand for nitric acid is increasing, as it is a component of many fertilizers. The globalnitric acid market is set to witness a significant CAGR of 2.3% and is anticipated to reach a valuation of around USD 37.63 billion by 2032, up from 29.3 billion in 2021.

Fertilizers are used to boost agricultural output in order to meet the rising food demand from the growing population. Nitric acid demand from fertilizer producers is expected to increase, as is fertilizer usage in agrarian economies around the world.

The existence of international firms, which are constantly coming out with new products to gain a larger nitric acid market share, makes the global nitric acid market extremely competitive.

The government’s environmental regulations and efforts to reduce industrial waste are what are preventing the nitric acid market from expanding. The market was constrained by these nitric acid market trends, due to rising concerns over CO2 emissions from automobiles.

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However, it is projected that the growing usage of plastic in the medical industry would lead to a gradual stabilization of nitric acid market share. The growing need for PPE kits, which has increased plastics manufacturing, is driving the growth of the nitric acid market.

North America is anticipated to hold the largest global market share for nitric acid, which may be ascribed to the region’s consumers’ high disposable income and robust economic growth. Most of the demand for nitric acid comes from Eastern Europe, a region with significant growth potential.

Key Takeaways from Market Study

The nitric acid market is expected to have a CAGR of 2.3% during the forecast period.
The market is segmented based on application, wherein the fertilizer segment is anticipated to account for a significant global nitric acid market share of 80.07% in 2021.
The European nitric acid market is anticipated to grow at the fastest rate, with a share of around 65.5% in 2021.
North America is likely to dominate the nitric acid market during the forecast period.
Asia Pacific is expected to witness a lucrative growth rate in the nitric acid market during the forecast period.
Demand for nitric acid is high, since it is a component of many fertilizers, and discretionary income among consumers is rising.

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Competitive Landscape

Businesses all across the world are focusing on process innovation and capacity development. Key market players claim that building large plants and increasing commercial output would improve the availability of nitric acid.

Key Players

BASF SE
Dupont
Nutrien Ltd.
Omnia Holding Limited
Apache Nitrogen Products Inc.
CF Industry Holdings, Inc
Thyssenkrupp AG
Yara International ASA
Rashtriya Chemical & Fertilizers Ltd.

Key segments

By Application:

Fertilizers
Nitrobenzene
Adipic acid
Toluene diisocyanate (TDI)
Nitrochlorobenzene
Others

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Recent Developments: Product Launches and Collaboration

With a new long-term nitric acid supply contract signed in October 2020, LSB Industries, Inc. will supply 70 KT to 100 KT of nitric acid annually to a customer. This is an endeavor to improve profitability through targeted marketing and a different product mix.

At the Indian nitric acid complex, Deepak Fertilizers and Petrochemicals began commercial production in April 2019. Around 149 KT of diluted nitric acid and 92 KT of concentrated nitric acid are annually produced by the new factory.

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Elastomeric Coatings Market | Development by Companies Outlook, Growth Prospects and Key Opportunities by 2029

Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market. Through constant research & development, elastomeric coatings are finding applications in different areas. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market.

Further, superior property of the product – water resistance – efficiently protects the intrusion of moisture into the walls, in the construction industry. The global elastomeric coatings market was valued at US$ 5.2 Bn at the end of 2021, and is expected to witness lucrative growth at a CAGR of 7.6% during the forecast period of 2022-2029.

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Key Takeaways of Elastomeric Coatings Market Study

By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

“Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world. Some of the key players identified across the value chain of the global elastomeric coatings market are BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc., among others.

Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

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Elastomeric Coatings Market By Category

By Types :

Acrylic
Polyurethane
Epoxy
Silicone
Polyurea
Others

By Application :

Building & Construction
Industrial
Automotive & Transportation
Others

How will the market shape up?

Overall growth prospects of economies are expected to remain positive in the coming years. Owing to rapidly growing industrialization and urbanization, end-use industries such as construction are growing at a significant growth rate, which, in turn, is boosting elastomeric coatings market growth.

The building and construction segment is estimated to maintain its prominence over the forecast period, whereas, the usage of elastomeric coatings in industrial applications is projected to gain high traction at a steady peace.

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What does the report offers?

The latest publication by Future Market Insights provides comprehensive analysis of the global elastomeric coatings market. This market study provides detailed insights on the elastomeric coatings market through well-structured market research.

The global elastomeric coatings market study offers inclusive market analysis of historical performance of 2014-2021 and opportunity assessment for the forecast period of 2022-2029. The market study provides prevalent insights on various aspects of the elastomeric coatings market based on type and application across the targeted seven regions.

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Automotive Axle Market – Future Scenario, Key Insights, Top Companies 2032

A recently published study by FMI expects the global automotive axle market to augment at a 2% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 74.60 Billion is expected for the market. Increase in sales of luxurious cars, passenger cars and heavy commercial cars are escalating the demand for automotive axles. As electric vehicles penetrate the market, the demand for automotive axles is expected to grow with time.

From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 2% and closing at US$ 60 Billion. Although the COVID-19 pandemic halted the growth of the automotive axle market, post the pandemic, the demand is expected to rise. Manufacturers of automotive axles are focusing on producing cost-efficient and durable axles. Hybrid and electric vehicles are creating lucrative opportunities for automotive axles.

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Furthermore, increasing purchasing capacity in regions like Asia Pacific, North America and Europe is positively influencing the market for automotive axles. Moving ahead, owing to the research undertaken for automotive axles, manufacturers are planning to integrate smart features to axles that will help the vehicle to carry heavy loads.

Key Takeaways from the Market Study

By vehicle type, passenger cars are expected to hold nearly 45% market share for automotive axles in the forecast period 2022-2032.
By type, drive axles are expected to possess 60% market share for automotive axles in the sales indicator period 2022-2032.
Asia Pacific is expected to possess 36% market share for automotive axles in the assessment period 2022-2032.
North America is expected to hold 25% market share of automotive axles
Europe is expected to hold 20% market share of automotive axles as of 2022

“Passenger vehicles are gaining immense popularity across different geographical locations. In addition, increase in transportation activities is playing a pivotal role in the demand for automotive axles.” says an analyst at FMI

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Market Competition

Key players in the automotive axles market are ZF Friedrichshafen AG, Melrose Industries PL, American Axle & Manufacturing, Inc., Meritor Inc., Dana Incorporated, Daimler AG, Talbros Engineering Limited and GNA Group

In February 2022, Meritor Inc extended agreement with Wabash till 2026. Due to the agreement, the company will provide loose axles for Wabash’ configuration.
Dana Incorporated, a key player in the automotive axle market is focusing on offering a wide variety of axles for different types of vehicles.

Key Segments Profiled in the Automotive Axle Market Industry Survey

Automotive Axle Market by Axle Type:

Dead Automotive Axle
Drive Automotive Axle
Lift Automotive Axle

Automotive Axle Market by Application:

Front Automotive Axle
Rear Automotive Axle

Automotive Axle Market by Vehicle Type:

Automotive Axle for Passenger Cars
Automotive Axle for Light Commercial Vehicles
Automotive Axle for Heavy Commercial Vehicles

Automotive Axle Market by Region:

North America Automotive Axle Market
Latin America Automotive Axle Market
Europe Automotive Axle Market
Asia Pacific Automotive Axle Market
Middle East & Africa Automotive Axle Market

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global automotive axle market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Dead, Drive, Lift), Application (Front, Rear), Vehicle Type (Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

About the Automotive Division at Future Market Insights

The automotive team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Top Reports Related To Automotive Market Insights

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Automotive Garage Equipment Market : are slated to reach US$ 24.4 Bn in 2022. Increasing replacement and repair services in used cars are expected to boost sales at a steady 4.3% CAGR, pushing the market size to US$ 32.9 Bn in 2029.

Global Automotive Interior Ambient Lighting System Market : to grow with a year-on-year growth of 4.1% in terms of value in 2022 reaching a value of about US$ 3,066.0 Mn by 2022 end. The global business is anticipated to witness a considerable CAGR of 5.4% by value during the period of 2022 and 2030.

Automotive Composites Market : was valued at US$ 8.17 Bn in 2021 and is expected to reach US$ 12.35 Bn by 2029, registering a CAGR of over 5.30% during the forecast period (2022-2029).

Automotive Active Roll Control System Market : are expected to record a steady CAGR of 4%, reaching a valuation of US$ 4.5 Bn during the forecast period of 2022-2032.

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Demand for Automotive Screenwash Products Market is Set to Experience Revolutionary Growth by 2032

Automotive screenwash products keep windshields clean to help drivers drive efficiently in any weather conditions. Also, keeping the windscreen clean is a legal requirement in some countries. Automotive screenwash products also offer protection against freezing; they contain freezing agents such as methylated spirits to prevent the fluid from freezing in the reservoir, pump and tubing in colder climates, up to temperatures above -70°C. The type of detergent used in automotive screenwash products may vary, with some formulas being sold as “Bug and Tar Remover”, “Deicer” or “All-Season”.

Demand for Automotive screenwash products is projected to be worth US$ 2.05 billion globally in 2022 and to increase at a CAGR of 2.5 percent to US$ 2.62 billion globally from 2022 to 2032.

Some screen wash products are designed to be diluted with water, whereas others are intended to be used full strength. Some are sold in the powder form to be mixed by the user. Distilled water is advised for the dilution of screen wash products as tap water generally contains unwanted minerals that can clog jet systems and can leave deposits on the glass.

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Automotive Screenwash Products Market: Dynamics

The demand for automotive screenwash products is estimated to increase over the forecast period, due to expanding vehicle fleet. The consumption of automotive screenwash products is highly dependent on the automotive fleet across the globe. Thus, the high dependency on personal vehicles for commute is expected to drive the demand for automotive screenwash products. Rising per capita income and improving standard of living are expected to increase the sales of automobiles in developing economies, which is expected to boost the consumption of automotive screenwash products in the long-term scenario. Also, individual preference towards the adoption of high-end screenwash products for better results is also expected to fuel the growth of the automotive screenwash products market. Longer automobile retention and vehicle life have increased the vehicle fleet, which is further anticipated to fuel the growth of the automotive screenwash products market over the forecast period. However, low awareness among general population of related to various types of Screenwash product available in the market can act as a restraining factor to the growth of global automotive Screenwash market.

Automotive Screenwash Products Market: Regional Outlook

Geographically, the automotive screenwash market is segmented into seven regions including Middle East and Africa, Latin America, Japan, Western Europe, Eastern Europe, Asia Pacific excluding Japan, and North America. Europe, followed by North America, is expected to hold a major share in the global automotive screenwash products market and retain the share throughout the forecast period. Asia Pacific is anticipated to witness significant growth in the next five to six years owing to the increasing vehicle fleet in the region. Europe, North America and Asia Pacific are expected to account for more than half the share of the global automotive screenwash products market. Also, government initiatives towards increasing foreign direct investments in countries such as India and China to boost manufacturing and industrialization and improve the standard of living of the general population will also play an important role towards the growth of the global automotive screenwash products market during the forecast period. The rest of the world is estimated to account for a relatively small share of the automotive screenwash products market during the forecast period.

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Automotive Screenwash Products Market: Market Participants

Examples of some of the market participants operating across the value chain of the global automotive screenwash products market are:

Gold Eagle
CRC Industries Inc.
Milazzo Industries Inc.
ITW Global Brands
Kristall Klar
Ostrem Chemical Co.LTD
Prestone Products Corporation
CAF
Reccochem Inc.
Magnum Research Corp
Michelin
Cyclo Industries
ACDello
Viva Green Industries

The 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 research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The 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.

Automotive Screenwash Products Market: Segmentation

Based on the product type, the automotive screenwash products market can be segmented as:

All-Season automotive screenwash products
Bug Remover automotive screenwash products
De-icer automotive screenwash products
Water-repellent windshield washer fluid

Based on the sales channel, the automotive screenwash products market can be segmented as:

Direct sales
Indirect sales

Based on the end use, the automotive screenwash products market can be segmented as:

Auto maintenance shops
Personal use

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Automotive Cylinder Liner Market : to grow with a year over year growth of 3.4% in 2021 reaching a value of about US$ 4,573.1 Mn by 2021 end.

Automotive Control Cable Market : is estimated to exceed US$ 2.5 Bn by 2022. The demand in the global automotive control cable market is expected to create an absolute dollar opportunity of nearly US$ 3.4 Bn through 2029, growing at a CAGR of 4.6% over the forecast period 2022-2029.

ADAS Sensors Market : is slated to top US$ 15 Bn in 2022. Increasing preference for enhanced driver comfort and safety in passenger vehicles is expected to boost sales at an impressive 14.1% CAGR over the forecast period, with the market valuation reaching US$ 43.2 Bn in 2030.

Automotive Display Units Market : witnessed historical CAGR of 6.2% for 2014- 2021. The global automotive display unit market is forecasted to witness a considerable value CAGR of 8.3% during the forecast period 2022 and 2029.

Automotive Active Purge Pump Market : is slated to witness impressive growth at 11.2% CAGR between 2021 and 2031. The overall market valuation will total US$ 192 Mn in 2031, up from US$ 66.3 Mn recorded in 2021.

Automotive Light Bars Market : are slated to top US$ 952.3 Mn in 2022. Expanding at a healthy 5.3% CAGR, the market size is projected to total US$ 1.3 Bn by 2029.

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Bicycle Market Analysis by Size, Share, Growth, Trends up to 2032

The bicycle market is expected to see a substantial CAGR of 4.76%, and is projected to increase from US$ 1116.5 billion in 2021 to US$ 1861.8 billion by 2032.

The customer demand for bicycle as a practical form of exercise to ensure a healthy life free from obesity and other illnesses is predicted to further boost the bicycle market share. Many governments are aggressively constructing the infrastructure needed to support bicycle commuting at the same time, which boosts demand for bicycle.

The creation of dockless bicycle sharing services that use mobile apps is the result of recent advancements in GPS technology and mobile app development. The widespread usage of such dockless bicycle-sharing programmes is also anticipated to significantly raise bicycle sales.

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Due to the emergence of several online bicycle booking platforms through web portals and mobile applications, such Uber Bike, Yulu, and others, it is anticipated that the use of cars is rising. This presents numerous opportunities in the bicycle market.

The bicycle market growth is expected to be further fueled by expanding media coverage of such events and the growing influence of celebrity endorsement. Building the infrastructure necessary to encourage and support bicycle commuting is a top priority in China, Japan, and Singapore.

Key Takeaways from Market Study

The bicycle market is expected to have a CAGR of 4.76% during the forecast period.
The bicycle market is having a market valuation of US$ 1159.6 billion in 2022
The market is segmented based on product, wherein the road bicycle accounted for an adequate global bicycle market share of 40% in 2021.
The market is segmented based on end user, wherein the men segment accounted for a global bicycle market share of 40% in 2021.
The market is segmented based on technology, wherein the conventional segment accounted for a significant global bicycle market revenue share of 80% in 2021.
The Asia-Pacific bicycle market is anticipated to grow at the fastest rate, with a revenue share of 30% during the forecast period.
The Europe bicycle market is expected to grow significantly with a CAGR of 10.4% during the forecast period.

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Competitive Landscape:

Key players in the bicycle market can develop and promote newer, better products at higher price points in order to maintain a competitive edge in the bicycle market. As there are so many important players in the bicycle market, the expansion of the market is highly fragmented and diverse in its structure.

Some of the major participants in the bicycle market are Accell Group, Atlas Cycles (Haryana) Ltd., Avon Cycles Ltd., Cervelo, Dorel Industries Inc., Giant Bicycles, Merida Industry Co., Ltd., Specialized Bicycle Components, Inc., SCOTT Sports SA, and Trek Bicycle Corporation.

In order to grow its business in this sector, Beerens Groep NV, a Belgian automotive supplier company, in July 2020, purchased the distributor of a felt brand from its French parent company Skis Rossignol S.A., Van Der Wal.
Pony is a 2017 app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination.

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About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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Automotive Exterior Trim Parts Market : which accounts for a net worth of US$ 21.03 Bn at present, is estimated to surge to a valuation of US$ 30.34 Bn by the end of 2030.

Automotive In-Wheel Motors Market : to grow with YOY growth of 38.0% in 2022 reaching value of about US$ 2,127.5 Mn by 2022 end. At the end of 2021, global automotive in-wheel motor sales were estimated to be worth roughly US$ 1,541.4 Mn. By 2027, the market is expected to grow at a 38.0% CAGR, reaching a valuation of US$ 10,650.2 Mn.

Automotive Load Floor Market : size was valued at US$ 1.9 Bn in 2021. Increasing sales of electric vehicles and passenger automobile across the globe are expected to boost demand at a 5% CAGR, pushing the market size to US$ 3.3 Bn in 2032.

Automotive Gudgeon Pin Market : to grow with year on year growth of 4.3% in 2022 reaching value of about US$ 3,149.4 Mn by 2022 end. The global industry is projected to observe a significant CAGR of 5.0% by value during the period of 2022 and 2027.

Aircraft Tube and Duct Assemblies Market : is slated to top US$ 1.3 Bn in 2022. Increasing investments in aircraft maintenance across the globe will boost sales at a steady 4.40% CAGR, with the market valuation reaching US$ 1.7 Bn in 2030.

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