Burgeoning Demand For Natural Products Is Expected To Drive The Growth Of Lavandula Oil Market-FMI

Lavandula oil is an extract of plant lavender flowers scientifically known as Lavandula angustifolia.

Lavandula oil is extracted via distillation processes such as steam distillation, hydrodistillation, and solvent extraction.

Lavandula oil is also referred to as lavender oil. It is among the essential oils produced globally with a high cost of production.

Various end user sectors such as the food and beverage sector, cosmetic and personal care product sector, and pharmaceutical sectors often use lavandula oil to process their products.

The effectiveness of lavandula oil in combating health-related issues such as diabetes, cold, and cough has created a surge in demand from the pharmaceutical industry.

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It’s also active against allergies, fungi infections, insomnia, eczema, nausea, and many others.

The cosmetic sector employs lavandula oil services in their production because of its ability to prevent wrinkles, promote dry skin, fight against acne and eczema, prevent inflammation, and many others.

Lavandula oil also helps treat wounds as ancient Greeks often apply it to wounds or any skin injuries.

The global lavandula oil market is expected to grow tremendously during the forecast period as consumers are willing to spend on healthy products.

Furthermore, the application of lavandula oil in food and beverage product is another strong force expected to facilitate the growth of the lavandula oil market during the stipulated period.

Lavandula Oil Market Trends

The burgeoning demand for natural products is expected to drive the growth of lavandula oil market in a few years as consumers are switching preference towards organic, non-GMO products.

Presently, the wide application of lavandula oil in cosmetic and personal care products has a significant impact on the market’s growth over the forecast period.

The oil is used in the production of body creams, lotions, soaps, and perfumes.

Aside from utilizing in personal care products, the food and beverage industry also employs lavandula oil in their products because of the taste, aroma, and flavor it offers.

Consumers’ attraction towards natural ingredients with sweet fragrance is expected to increase demand for lavandula oil globally.

Growing population size, rising disposable income, and changing consumers’ lifestyles are other factors expected to facilitate the market’s growth during the forecast period.

A healthy CAGR is anticipated over the foreseeable period as major players adopt new strategies to expand their products to regions where they have no foothold.

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Lavandula Oil Market: Region-wise Analysis

Europe holds the largest market share in terms of total revenue and volume contribution.

Bulgaria is the growth driver in this region and is expected to be a lucrative market for the global lavandula oil market and leading players are expanding merging with local players in this region.

The Asia Pacific is the next in line after Europe due to growing consumers’ demand for natural products and the rising population size of consumers living in the region.

However, North America remains the highest consumer of lavandula oil globally as the food and beverage industry with the pharmaceutical industry in the region is creating a surge in demand for lavandula oil.

Other regions such as the Middle East and Africa are expected to register a moderate growth during the forecast period since the market is still rising in these regions.

Lavandula Oil Market: Competitive Landscape

The market is highly fragmented with few major players operating in it. Manufacturers in the global market adopt strategies such as merging acquisition, consolidation and product innovation to enhance the sales of lavandula oil globally. Key players participating in the industry include;

  • Young Living Essential Oils
  • TERRA
  • NOW Foods
  • Ovvio Oils
  • Enio Bonchev
  • Alteya Group
  • Alpha Aromatics
  • Mother Herbs Private Limited
  • Sydney Essential Oil Co. Pty Ltd
  • NHR Organic Oils.

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Global Lavandula Oil Market Segment Analysis

The global lavandula oil market can be segmented on the following basis:

By Application

  • Personal Care Product
  • Pharmaceuticals
  • Food and Beverage
  • Others

By Distribution Channel

  • Health and Beauty Stores
  • Drug Stores
  • Online Retailing
  • 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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Automotive Carbon Brake Rotors Market Future Trends, Industry Size and Forecast to 2032

The demand for automotive carbon brake rotors is estimated to grow at an moderate CAGR of 7.6% during the forecast period. The automotive carbon brake rotors market size is projected to reach US$ 5,521.3 Mn in 2022, and is estimated to reach US$ 11,485.9 Mn in 2032.

The sales of automotive carbon brake rotors are anticipated to grow as they are lightweight, heat resistant, high performing, and more durable. The most common type of automotive brake rotor used in the automotive industry is carbon, which is less likely to warp or deform and may last longer than traditional brakes. Less brake dust, greater performance in wet and dry circumstances, strong demand for racing cars, bikers, high-performance cars, and heavy trucks are additional key drivers of automotive carbon brake rotors.

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The high market penetration of major players is predicted to support the growth of the automotive carbon brake rotor market globally. However, one of the biggest challenges the market faces is fluctuating raw material prices. Advanced braking systems, when combined with other driver-assist technology, can aid slow or stop a vehicle while also ensuring overall safety.

Advanced braking systems are lighter, faster, and smarter than classic braking systems. Carbon brake rotors are used in high-performance and luxury vehicles such as Ferrari SpA, McLaren, Aston Martin Lagonda Ltd., Bentley Motors Ltd., Automobili Lamborghini SpA, Bugatti Automobiles SAS, Alfa Romeo Automobiles SpA, Porsche AG, and Corvette, driving demand for automotive carbon brake rotors.

The disadvantage of automotive carbon brake rotors is their expensive price when compared to commonly utilized standard brake rotors. Supercars and other high-performance vehicles are the main applications for automotive carbon brake rotors where cost is not a concern. These brake rotors are only utilized in high-performance and racing vehicles as they are not used in mass-produced, cost-efficient vehicles.

Key Takeaways from Automotive Carbon Brake Rotors Market

  • The largest share of the global automotive carbon brake rotors market is occupied by carbon ceramic matrix. Inorganic silicon carbide mixes, fibres, and resins are used to create carbon ceramic brake rotors.
  • By vehicle type, the global automotive carbon brake rotors market is dominated by passenger cars segment. The primary drivers of the rapid expansion in car sales and production around the world include the rise in urbanization, rising standards of living, the development of infrastructure, and the rise in average household income.
  • North America is the second largest region, accounting for 23% of the global automotive carbon brake rotor market. The prominence of racing events such as F1, MotoGP, and NASCAR, as well as rally sports and street racing, has created revenue streams for automotive carbon brake rotors in this region.
  • Europe currently holds the greatest share of the global automotive carbon brake rotors market and is predicted to maintain its lead with 31% of the market in 2022.

“Carbon brake rotor market growth is expected to be fuelled globally by strong market penetration by leading players. However, fluctuation in raw material prices is one of the market’s significant problems. –  FMI Analyst

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Competition Landscape in the Automotive Carbon Brake Rotors Market 

The global automotive carbon brake rotors market is fragmented, prominent companies are growing their businesses in various regions by developing new products and collaborating as preferred strategies. FMI researchers expect that vendors from the United States are likely to contribute most growth throughout the forecast period.

Companies in the automotive carbon brake rotors industry are planning efforts to increase their market share. Diversifying their product offerings, emphasising their USP statements, and introducing appealing features are some of the winning techniques.

The key players in the automotive carbon brake rotors market are Brembo SpA, Akebono Brake Industry Co. Ltd., Federal-Mogul Corporation, Aisin Seiki Co. Ltd., SGL Group, Fusion Brakes LLC, Surface Transforms, and Wilwood Engineering.

Key Segments Profiled in the Automotive Carbon Brake Rotors Market Survey

Type:

  • Carbon-Carbon Matrix
  • Carbon-Ceramic Matrix

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

By Region:

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

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Recent Developments in the Automotive Carbon Brake Rotors Market:

  • In December 2019, Wilwood unveiled a new rotor and hat assembly for the Trans Am Series TA2. Assembly and installation of the Spec37 GT 48-vane rotors are simplified by the elimination of rotor bolts and floating hardware.
  • Sparta created the CX3.5 high carbon iron combination to help alleviate brake noise issues that are more typical in European vehicles. To reduce noise, a precise amount of carbon flakes is added to the iron used to make CX3.5.
  • Brembo acquired SBS Friction A/S, a Danish firm that develops and manufactures motorcycle brake pads composed of sintered and organic materials, in 2020.

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Number Of Consumers Has Significantly Impacted The Growth Of The Soft Drinks Concentrate Market-FMI

Over 3 thousand billion tons of powdered soft drinks were consumed in 2021, equaling a market value of US$ 10.6 billion. FMI’s new study reveals that consumption of powdered soft drinks is projected to grow at a subdued 2.3% y-o-y in 2022. Key factors identified in the FMI study can have a prominent influence on the overall growth of the powdered soft drinks market.

  • Waning popularity of powdered soft drinks on the back of increasing demand for RTD beverages
  • Overall soft drink consumption is hit by growing natural label demand and increasing health consciousness
  • Continued popularity of powdered beverages in generation X and millennials supports the dwindling sales of powdered soft drinks

“Soft drinks consumption continued to dwindle in the past half a decade with evolving consumer demand trends such as nourishment, low or no-sugar, natural, clean label and sustainability. Despite their unique space in the beverage industry, popularity of powdered soft drinks declined in parallel to the meteoric rise in innovations and new flavors of other types of soft drinks. Traditional popularity combined with steady flavor innovations are likely to sustain powdered soft drinks sales with a projected 2.8% annual growth in revenues in 2019,” says FMI.

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Orange Flavored Powdered Soft Drinks Top Selling

Orange remains the most popular flavor among a plethora of fruit flavors offered by beverage manufacturers. The FMI study finds that consumption of orange flavored powdered soft drinks is expected to surpass 1065 billion tons in 2022 and account for over 31% of all the powdered soft drinks market consumption.

Despite the introduction of multiple variants to stand-out in the market competition, orange followed by apple continues to capture consumer traction owing to their traditional popularity among consumers. Apple is the second most highly liked flavor in beverages and held nearly 20% of all the powdered soft drinks consumption in 2021.

With the evolving palate of consumers for different flavors, FMI study finds that collectively apple, mango and berry will grow at over 3% y-o-y in 2022 and account for over one-third share of total consumption.

Sales in Household Application Highest

The study reveals that powdered soft drinks’ huge demand continued in the household application in the past decade. In 2022, sales in the household application will account for over 85% of all powdered soft drinks sales globally. Powdered beverages witnessed significant penetration in household application due to affordability combined with taste.

While the sales in household application continue to grow steadily, FMI shows that purchase of powdered soft drinks among institutional buyers will witness a steady rise with a 3.4% annual growth projected in 2022.

Distribution through Mass Grocery Retailers Significant

Over 38% of all the powdered soft drinks sold in 2021 were through mass grocery retailers. Owing to the affordable prices provided by these retailers, mass grocery retailers remain the prime choice of consumers for grocery purchase. Similar trend follows in powdered soft drinks market wherein consumer purchase of powdered beverages through mass grocery retailers continue to rise.

According to the study, distribution of powdered soft drinks through hypermarket/supermarket and discount stores remains second highest wherein collectively they accounted for 45% of the total powdered soft drinks consumption in 2021.

Pouches and Sachets of Powdered Soft Drinks Highly Preferred Packaging Solutions

FMI thoroughly studied consumer preference for different packaging solutions of powdered soft drinks available in the market. The study shows that pouches and sachets are highly preferred packaging solutions for powdered soft drinks among consumers. Over 86% of the powdered soft drinks sold were packaged in pouches and sachets in 2021. While the status-quo is expected to continue in the future, the FMI study finds that consumption of powdered soft drinks in bulk packaging is expected to at 3.8% annual rate in 2022.

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Europe Leads Consumption, APEC Consumers Grow Rapidly

As per FMI regional valuation, Europe accounted for nearly one fourth of the powdered soft drinks consumer in 2021. North America is the second largest consumer of powdered soft drinks. While the status-quo is expected to continue in 2022, the study reveals that APEC will outsell these prominent consumers beyond 2022. Developing economies in APEC and MEA are likely to witness increasing consumption of powdered soft drinks with the expanding middle class that prefers affordable products in their purchase.

The FMI report tracks the powdered soft drinks market for the period 2022-2027. According to the report, the powdered soft drinks market is projected to grow at 2.6% volume CAGR through 2027.

Global Powdered Soft Drinks Market:Segmentation

Analysis by Flavour:

  • Cola
  • Orange
  • Lemon
  • Mango
  • Apple
  • Berry
  • Mixed Fruit
  • Others

Analysis by End Use:

  • Institutional
  • Foodservice/HoReCa
  • Household (Retail)

Analysis by Sales Channel:

  • Hypermarkets/Supermarkets
  • Discount Stores
  • Mass Grocery Retailers
  • Wholesale Club Stores
  • Foodservice
  • Others

Analysis by Packaging:

  • Carton Boxes
  • Pouches & Sachets
  • Cans
  • Bulk Packaging

Analysis by Region:

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

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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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Scroll Chiller Market Outlook, Current and Future Industry Landscape Analysis 2028

Scroll chillers work on the principle of vapor compression cycle to produce the cooling effect in the most efficient manner. In scroll chiller, scroll refers to the specific type of compressor used by the chiller. Which is a common nomenclature for a scroll pump or a spiral compressor.

In a scroll chiller assembly, the scroll compressor operates with two interleaving scrolls means one scroll is placed inside to the other one to compress the fluids. In different cooling procedures and conditioning applications this mechanical unit i.e. scroll chiller is utilized.

There are numerous energy sources are utilized for the cooling, heating and ventilation purpose in the commercial and industrial application; of which the chillers took half of the accessible energy. In this manner, there came the prerequisite of efficient chiller equipment such as scroll chiller, absorption chiller to name a few due to the developing mindfulness with respect to energy conservation.

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Scroll chillers are compact in nature, as they generally accommodate smaller systems, owing to this attribute scroll chillers are generating significant demand space for outdoor & indoor use in small residential and commercial space.

Scroll chillers are turning over as an ideal choice in applications such as heat recovery, low temperature processing, ice making and thermal storage. With its unique USP of energy efficiency, they are also turning over as more environment friendly.

In the commercial market place, there are two types of scroll chiller i.e. water cooled scroll chiller & air cooled scroll chillers out of which the former one is gaining substantial demand. The usage of natural sources for the cooling cycle enables the balance of electric loads in peak hours.

Scroll Chiller Market: Market Dynamics

Numerous industries such as chemicals, plastic and printing among others are using scroll chillers in their production units in order to drop down their energy usage, maintenance cost & other overhead charges. By implementing scroll chillers in to their production practices, these industries are able to reduce down its electricity consumption by 12-15 %.

Apart from industries, these scroll chillers are highly considered and benefiting the small residential and commercial complexes in terms of energy conservation. As more and more small enterprise are seeking to reduce down the usage of refrigerants containing high ODP (Ozone Depletion Potential), thus looking after  their preferences towards the usage of Scroll chillers.

Scroll chillers are really easy install, maintain & can be customized and tailor-made according to the variety of sound, mechanical and energy configurations. Thus, highly adopted in sound sensitive atmosphere such as institution, hospitals to name a few. Increasing electricity energy cost and electricity shortfalls are turning over as a major driving factors for scroll chillers.

Scroll Chiller Market: Region Wise Trends

China & Other Asian Countries such as ASEAN, India South Korea as a group dominate the global market for the scroll chiller sales in the past few years. Expansion of solar power, nuclear & geo thermal plants are the key reason implicit behind the increase in sales of scroll Chiller.

Rising HVAC (Heating, ventilation, and cooling) requirement in commercial & industrial application in NA & Western Europe creates substantial demand space for energy efficient sources, thus driving the demand for scroll chillers in the above said regions. In LA, MEA & EE there is substantial increase in the low capacity commercial verticals and expected to gain traction in the near future.

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Examples of some of the market participants in the Global Scroll Chiller Market identified across the value chain include:

  • Johnson Controls
  • Daikin
  • Mitsubishi Electric
  • Hitachi Appliances
  • Carrier
  • Dunham-Bush
  • Bosch
  • Mammoth
  • Blue Star.

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

  • Scroll Chiller Market Segments
  • Scroll Chiller Market Dynamics
  • Scroll Chiller Market Size
  • Scroll Chiller Market Installed base
  • Current Trends/Issues/Challenges pertaining to Scroll Chiller Market
  • Competition & Companies involved in Scroll Chiller Market
  • Technology related to Scroll Chiller Market
  • Value Chain associated to Scroll Chiller Market

Regional analysis includes

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

Scroll Chiller Market: Segmentation

On the basis of Type, the Scroll Chiller Market can be segmented as:

  • Water-cooled Scroll Chiller
  • Air-Cooled Scroll Chiller

On the basis of Capacity, the Scroll Chiller Market can be segmented as:

  • <100KW
  • 101KW-300KW
  • 301KW-700KW
  • >700KW

On the basis of Application, the Scroll Chiller Market can be segmented as:

  • Residential
  • Industrial
  • Infrastructure
  • Commercial

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About Us

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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Automotive Belts Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2032

The demand for automotive belts is estimated to grow at an average CAGR of 3.9% over the forecast period. The automotive belt market size is projected to reach US$ 20,473.5 Mn in 2032, and is estimated to reach US$ 13,902.6 Mn in 2022.

Due to the increase in demand for automotive belts seen in numerous emerging countries, the production of automobiles is continuously being fuelled globally on an annual basis. This is a major factor driving the global automotive belt market share.

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Automobile vehicle manufacturers have been compelled by the Environmental Protection Agency’s influence to develop highly effective, less polluting engines, which call for extremely accurate, long-lasting automotive belts. This reason has also driven the sales of automobile belts, as more and more automakers are choosing belts that are effective and environmentally benign.

To improve their product range and solidify their market position globally, automotive belt manufacturers are concentrating on launching new goods. As a result, the majority of the major players invest in developed nations. This is anticipated undoubtedly increase demand for automobile belts globally.

Due to rising public awareness of the strict and safety regulations put in place by various regulatory bodies throughout the world, the demand for automotive belt is predicted to expand significantly over the forecast period. Urbanization is one of the latest trends in automobile belts that is rapidly expanding, which is boosting the average income of the urban population and allowing them to improve their quality of life.

Additionally, the increased demand for passenger cars is driving up manufacturers’ output levels, which is in turn boosting the global automotive belt market size. The expense of the technologically upgraded seat belts is the major limitation on the global automotive belt market share. Additionally, the sales of automotive belts are being hampered by the high maintenance costs of technologically upgraded seat belts.

Key Takeaways from Automotive Belt Market

  • The three-point seat belt market category now accounts for a significant portion of vehicle seat belt sales and is predicted to rule the global industry over the coming years.
  • The passenger car sector is anticipated to hold the largest market share. This is explained by the rising output of passenger vehicles such SUVs, luxury, and premium models, which is expected to increase demand for active pretensioners and inflated seat belts.
  • The Asia Pacific market was worth USD 7.26 billion in 2019. Due to rising car production and sales in developing nations like China and India, the region is anticipated to dominate the automotive belt market throughout the forecasted period.
  • North America is predicted to hold the second-largest share in the automotive belt market. One of the key market trends in the region is the introduction of severe government policies aimed at passenger safety.
  • Europe is anticipated to hold 24.9% share of automotive belt market in 2022, and it is expected to increase further due to ETA’s rigorous pollution rules and improved fuel economy standards (European Technical Advisory Group).
  • According to FMI Analysis, Asia Pacific is projected to experience the fastest growth due to greater per capita earnings, brisk automobile sales, and favorable government regulations.
  • China is likely to have an advantage over its regional competitors due to its large domestic market and strong manufacturing base for automobile components.

“Due to the increased number of injuries and deaths in the event of an accident, vehicle safety organisations such as Euro NCAP and the NHTSA in the United States have actively promoted the adoption of automotive seat belts. This has prompted key automotive seat belt manufacturers to create technically innovative seat belts such as active seat belts, inflatable seat belts, and active pretensioners. –  FMI Analyst

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Competition Landscape in the AutoMotive Belt Market 

The leading competitors in the global automotive belt market are investing in R&D initiatives to drive organic growth and expand their market shares. The demand for safety systems has expanded tremendously in recent years, owing to the increasing stringency of safety laws, particularly in emerging economies. As a result, prominent firms like as ZF Friedrichshafen AG and Tokia Rika are investing in developing-country production capacity.

The key players in the automotive belt market are Gates Corporation, Midas International Corporation, Mitsuboshi Belting Ltd. Group, Helicord Transmissions Pvt. Ltd., B&B Manufacturing, The Carlstar Group LLC, Continental AG, Bearings and Power Transmission Solutions, CRP Industries Inc., BG Automotive, Hutchinson Group, Bando Chemical Industries Ltd.

Key Segments Profiled in the Automotive Belts Market Survey 

By Type:

  • Drive Belts
  • Timing Belts
  • Single V-Belt
  • Multifunctional V-Belt

By Vehicle Type:

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicles

By Sales Channel:

  • Original Equipment Manufacturer
  • Aftermarket

By Region: 

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

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Recent Developments in the Automotive Belt Market:

  • Continental AG announced the July 2019 launch of its new Powertrain factory in Wuhu, China. The investment for land and buildings is roughly EUR 28 million.
  • Hyundai Mobis developed a new Safety Integrated Control Module that combines two distinct electronic control modules for electronic seatbelts and airbags into a single unit, increasing the efficiency and dependability of these systems.
  • ZF FRIEDRICHSHAFEN AG introduced a new active control retractor seat belt system in September 2018. This system is lightweight and small in design, and it provides advanced capabilities like tightening the seatbelt in the event of a collision and vibrating the seat belt to inform the driver of potential danger.

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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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Aluminium Composite Panels Market | Size, Growth, Demand, Scope, Opportunities and Forecast to 2027

Aluminium Composite Panels (ACP) are flat panels made of two aluminum-based alloy sheets, bonded with a core material to form a composite. Protective films are used to cover various levels of panel layers and the front side is generally given a Polyvinylidene Fluoride (PVDF) coating.

Aluminium composite panels are environment-friendly materials widely used in the construction industry for cladding and insulation purposes in commercial buildings, including airports, food & beverages shops and residential premises.

They are also extensively used in the advertising industry as substitutes for heavier and expensive substrate options. The recent ban on import of polyethylene (PE) core in countries such as the U.S. and Germany is proving to be a major threat for market participants.

However, the market will continue to grow with the development of non-combustible fire retardant cores such as mineral fiber based products. Another major challenge for participants is the high price of repairs and raw materials.

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Reasons for Covering this Title

Ongoing research efforts in the industry for the development of cladding products and to invent new technologies have resulted in the development of better core material options that comply with fire and building regulation developments.

Key manufacturers are enhancing their product profiles in terms of color and finish offerings and are stepping up their inventories to support the increasing construction activity. Aluminium composite panels are high performance materials as they are corrosion, water and fire resistant along with being lightweight, efficient, flexible and durable.

Attributing to the increasing awareness pertaining to sustainable materials and growth in the real estate sector, the demand for interior and exterior cladding operations is rapidly increasing.

Aluminium composite panels are gaining widespread adoption among end users. These panels offer proven performance in all kinds of climatic conditions and can be cleaned by merely washing with normal wash detergents.

Application of aluminium composite panels in the automotive sector is also anticipated to play a key role in the global industry growth over the forecast period. Macro-economic factors such as rising population, urbanization and increasing disposable income will positively impact the demand for aluminium composite panels from builders as well as other Original Equipment Manufacturers (OEMs).

Global Aluminium Composite Panels Market: Key Players

Examples of some of the key players operating in the global aluminium composite panels market are:

Yaret Industrial Group, 3A Composites GmbH, Jyi Shyang Industrial, Alstrong, Arconic, Mitsubishi Plastic, CCJX, Goodsense, Seven,  HuaYuan, LiTai, Pivot, Vbang, Walltes, Daou, Genify, Shuangou, HongTai, Deltyn, and Anexa Group among others.

Key Developments

  • In 2017, Archicom, a Singapore-based aluminum composite materials producer, entered the Africa market with the introduction of aluminum composite panel products, aiming to meet the growth in market demand from building and construction services.
  • In April 2017, Fairview Architectural acquired the STRYUM business, an intelligent non-combustible aluminum cladding system, from Vitekk Industries

Opportunities for Market Participants

The aluminium composite panels market is slated to witness attractive overall growth over the forecasted period with large revenue growth expected from Asia-Pacific, led by China and India. In the Middle East & Africa, business will improve with the positively changing construction market landscape.

In terms of the core type, the marketplace is expected to witness strong shift in demand towards the high-quality fire-retardant and non-combustible segment due to the increasing number of reported building fires in the recent past.

Organizations focused towards developing product portfolios with fire resistant offerings are well positioned to take advantage from the stringent construction and fire safety regulations laid out by concerned authorities. Such organizations have started to adapt more towards developing well designed solutions, especially for interior applications, to create a distinctive identity for buildings.

Global Aluminium Composite Panels: Market Segmentation

On the basis of panel type, the global aluminium composite panels market has been segmented as:

  • Polyvinylidene fluoride (PVDF) aluminum composite
  • Polyester aluminum composite
  • Polyester aluminum composite
  • Laminating coating aluminum composite
  • Oxide film aluminum composite
  • Other aluminum composite

On the basis of core, the global aluminium composite panels market has been segmented as:

  • Polyethylene (PE)
  • Fire Retardants
  • Non-combustible

On the basis of application, the global aluminium composite panels market has been segmented as:

  • Construction
  • Residential
  • Commercial
  • Automotive
  • Advertisement

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Automotive Soft Trim Interior Materials Market Key Manufacturers, Development Trends and Competitive Analysis 2032

By the conclusion of the forecast period, the market for automotive soft trim interior materials is expected to grow from US$ 5743.6 million in 2022 to US$ 9179 million, representing a CAGR of 4.8%.

Automotive Soft Trim Interior popularly known as “Soft Trims” belongs to automotive interiors segment being a part of the automotive ancillaries sector. The nomenclature is derived from the nature of the product application compared to the hard exterior body & spare parts of the vehicle. It is used in seats, doors, floor liners, pillar covers, cockpit, headliners, etc. of the vehicle. The material used is primarily of 3 types: Leather, Textile/Fabric & Chemical Polymers. Leather is used in Premium automobile models, whereas the latter two cater to Mid & Base Level models in exterior furnishing/covering as well fabrication of core interior body parts. The product has a blend of critical traits more than just the aesthetics aspect; such as Acoustic Control, Durability & Ergonomics, and Feather Weight Capability.

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Automotive Soft Trim Interior Market Dynamics & Trends

The entire 4 wheeler-Automotive vehicle segments such as Light Motor Vehicles, Heavy Commercial Vehicles etc. are major consumers whom the product caters to. It has both OEM & Aftermarket channel sales market. Leather, Coated Fabrics & Textiles is used for seats, door-side handles, head rests, arm-rests, seat belts, fasteners & cockpit sections. The premium/luxury model of the vehicle employ leather type whereas the standard models employ the latter types owing to the material quality & its associated cost. Foams & Acoustic Barriers are used in auxiliary interior body parts. \

The product is thus driven both by the automotive OEM for their varied models as well as by end user as per his budget. It can be noted that the existing manufacturers of this material already have a sound access to procurement chemicals & related raw materials. The companies can be a registered to a particular or multiple automotive OEMS which is a determining factor of the company’s standing in the market. These companies are also focusing on different strategies such customized design in order to maintain the market share in the market. Continuous emphasis on new product innovation development by automotive OEMs exists to maintain the competitive advantage by providing more efficient & economic options in the market during the forecast period.

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Automotive Soft Trim Interior Market: Regional Outlook

Geographically, the Automotive Soft Trim Interior industry can be divided by major regions which include North America, Western & Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. America, Germany, China and Japan are the major producing nations. In terms of raw materials, Middle East & African countries are major suppliers of Leather; Chemicals by North America, Europe & Asia Pacific including Japan. The market is projected to grow at a steady growth rate. The market would be volume driven across all regions & vehicle segments. Market coverage in existing & untapped regions with OEM order bank would be critical to the company’s business.

The market does not sees any immediate or external threat at present, only material substitution by advanced types may cannibalize the existing material types.

Automotive Soft Trim Interior Market Players

Some of the players and manufacturers across the value chain of the automotive soft trim interior materials market are:

  • NHK SPRING Co., Ltd
  • Faurecia Interior Systems, Inc.
  • Lear Corporation.
  • SEIREN Co., Ltd.
  • Grupo Antolin
  • Magna International Inc.
  • Toyoda Boshoku Corporation
  • TS TECH CO., LTD.
  • Adient plc
  • GST AutoLeather
  • Mayur Uniquoters Limited
  • The Haartz Corporation
  • Recticel NV/SA
  • Auto Trim
  • Classic Soft Trim

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Key Segments Profiled in the Automotive Soft Trim Interior Materials Market Survey

By Material Type:

  • Fabric
  • Leather
  • Thermoplastic Polymers (Includes PVC)
  • Thermoplastic Elastomers
  • Thermoplastic Olefins (TPO)
  • Thermoplastic Polyurethanes (TPU)

By Application:

  • Door Trim
  • Seating
  • Cockpit and Dashboard
  • Pillar Trim
  • Headliner
  • Floor/Acoustic Systems
  • Trunk

By Vehicle Type:

  • Passenger Cars
  • Sub-Compact
  • Compact
  • Mid-Size
  • Sedan
  • SUV/MUV
  • Luxury
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

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Consumer Preference For Food Products Is Growing Demand For Titanium-Free Natural And Organic Food Color-FMI

The growing trend for natural and organic food color is resulting in shift from titanium dioxide, a synthetic ingredient, towards titanium-free food color alternatives and extracting food colors from alternative natural sources. Natural food color sources include astaxanthin, beta carotene, annat, and anthocyanin. Other ingredients that can be used as an alternative to titanium are silica dioxide and calcium phosphate in food colors.

Increasing consumer preference for food products free from synthetic colors is resulting in the growing demand for titanium-free food color alternatives. Reformulation of food products by food companies is rising to replace synthetic colors with natural colors.

This is leading towards the development of titanium dioxide alternatives. Moreover, considering widespread food-related use of titanium dioxide, there is a growing pressure to review sustainability of studies supporting risk assessment of titanium dioxide particles as food additives.

Titanium-Free Food Color Alternatives Market-Notable Highlights

  • With EFSA’s re-evaluation of titanium oxide as a food additive, companies are focusing on developing alternatives. For instance, in 2018, BIOGRUND developed AquaPolish® to replace titanium dioxide, while providing white film coating for oral solid dosage.
  • In 2018, Sepifilm White TF was introduced as titanium dioxide free white film coating agent for food supplements in form of tablets. The product was developed to meet growing demand for titanium-free food color alternatives from manufacturers and consumers of food supplements.

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Titanium-Free Food Color Alternatives Market Dynamics

Growing Demand for Natural and Organic Food Products from Consumers

Titanium dioxide is the most common additive in food products to provide color and texture. However, growing trend for consumption of natural and organic food products is resulting in manufacturers using titanium-free food color alternatives such as silica dioxide, calcium phosphate, and rice starch. In recent years, there has been a significant increase in the requests from consumer groups for titanium-free alternatives in food products.

Manufacturers are also developing new products as titanium-free food color alternatives. For instance, Sensient Food Colors launched Avalanche™ natural white opacifier as titanium dioxide alternative. Another company Norevo also launched Quick White to replace titanium dioxide to produce light colored dragees.

Even though titanium dioxide is believed to have no toxicity, increasing number of studies are suggesting possibility of safety concerns, with need for further research. For instance, titanium dioxide is undergoing re-evaluation for human consumption in Europe, while it is already banned in Germany.

Possibility of Adverse Health Effects of Titanium Dioxide Driving Demand for Titanium-free Food Color Alternatives

The effects of titanium dioxide are unproven in humans, however, they raise serious concerns as possibility that titanium dioxide may not be safe for human consumption. Researchers suggest that in the form of nanoparticle, titanium dioxide may pose risk as it passes into liver, lungs or intestine. Moreover, children are highly exposed to titanium dioxide as they consume more gums, candies, and sweet desserts. The researchers out of the University of Nebraska have found in animal study a significant accumulation of nanoparticles in brain, this has raised concerns about titanium dioxide color as it is the most common nanomaterial used globally. With more studies confirming the possibility of adverse effects on health owing to the consumption of titanium dioxide, the safety of present use in food products is still under question.

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As of 2019, France has placed a ban on titanium dioxide, under which no food product in France can contain titanium dioxide. Many sweet manufacturers in France have stopped using titanium dioxide in their products. As more companies are eliminating titanium dioxide, testing is likely to become the part for monitoring quantity of titanium dioxide in food products worldwide.

Utilisation of Titanium Dioxide as Coloring Agent to Make Food Products Look More Appealing

Titanium dioxide is still being used on a large scale as coloring agent in various food products such as candies, gums, donuts, and other confectionery items. Moreover, titanium dioxide is more effective and efficient white colorant in food products as compared to others, this has emerged as one of the challenges in titanium-free food color alternatives market.

Moreover, titanium dioxide generally recognized as safe by the US Food and Drug Administration (FDA) and European Food Safety Authority (EFSA) is also influencing the use of titanium dioxide as coloring agent in food products. In 2018, owing to the request by European Commission, EFSA confirmed that data on titanium dioxide also known as colourant E171 in food showed no health concerns for consumers. With adverse reaction of titanium dioxide are still unproven in human, its application in food products is still visible.

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Automotive Radar Market Size, Analysis, Top Players, Target Audience and Forecast to 2032

Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards developing and incorporating new and advanced automotive radar systems. According to ‘Association for Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally due to road accidents. Advancing automotive technology and concern to reduce road mishaps, has raised expectations for advance systems in vehicles such as automotive radar to improve vehicle safety. These systems transmits electromagnetic (EM) waves at microwave frequency and gather information with the help of electronic control unit about the obstacles within the vicinity of the vehicle.

In 2022, the market for automotive radar is projected to be worth $4,614.5 million. It is anticipated that technical innovation and the broadening range of applications would be the market’s main development factors. The worldwide market demand for automotive radar is anticipated to reach approximately US$ 15,803.3 Mn by the end of 2032, growing at a strong CAGR of 13.20% between 2022 and 2032.

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As per the survey conducted by ‘Insurance Institute for Highway Safety’, one out of three lives can be saved by using radar system in the vehicle. Implementation of automotive radar systems in passenger and commercial vehicles started in early 90s, however owing to technological limitations, focus on further advancement slowed over the time. But, over the past decade, where active safety technology emerged as major hot spot for research, brought automotive radar system in the limelight again. Smaller devices with high operational frequency are being deployed so as to serve multiple applications. Furthermore favorable macro-economic and supportive regulatory framework is expected to create significant opportunity over the next few years. Regulatory approval of upcoming radar technology such as 79 GHz band radar across emerging markets such as India, Mexico etc. can generate robust growth opportunities in the market.

Global Automotive Radar Market: Drivers

No doubt, automotive safety regulations which emphasizes, and even mandates use of such advance safety technology across regions is expected to drive the demand. Favorable macro-economic environment such as growing urban population, increasing disposable income, improving employment rates and consumer confidence index across prominent economies such as U.S., Canada, Germany, France, China, South Korea and India is anticipate to propel market growth.

Additionally, increasing demand for advanced features such as cruise control will upsurge demand for automotive radars, thus driving the automotive radar market. Ongoing innovations in the functionality and designs have fuelled investments in the global automotive radar market.

Global Automotive Radar Market: Restraints

One of the major factor restricting the growth of the global automotive radar market particularly in emerging region is the high initial cost of the optical and mechanical parts including micro electro mechanical sensors (MEMS), micro mirrors over pressure or piezoelectric sensors. Moreover, technical issues such as risk of mutual interference are expected to moderately affect adoption of these technology.

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Global Automotive Radar Market: Segmentation

The global automotive radar market can be segmented on the basis of type, frequency, technology, application and regions. On the basis of frequency, the market can be segmented into 24 GHz system, 77 GHz system and 79 GHz system.

By type automotive cruise control (long-range radar) and anti-collision (short-range radar) are the commonly known automotive radar systems. On the basis of application, the automotive radar market can be segmented into forward collision warning system, lane departure warning system, parking assistance, adaptive cruise control (ACC) and blind spot detection. On the basis of technology, the global automotive radar market can be segmented into millimeter wave radar, ultrasonic radar, LiDAR (Light Detection and Ranging) and camera.

Global Automotive Radar Market: Region Wise Outlook

On the basis of regions, Europe is expected to be the most promising region due to presence of giant OEMs. Furthermore, the European Commission’s 79 GHz project to use short range radar equipment for European countries, fueled penetration of automotive radar systems in the European market. As far as adoption of these advanced gadgets is concerned, North America is expected to be the next big market. Asia Pacific is projected to grow at a significant rate during the forecast period and unfold new opportunities for the market. Low manufacturing cost together with increasing automotive sales is expected to drive the growth of automotive radar market in Asia Pacific. Middle East & Africa is anticipated to exhibit positive growth potential during the forecast period.

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Global Automotive Radar Market: Key Players
Some of the key players identified in the global automotive radar market are as follows

  • Delphi Automotive LLP
  • Autoliv Inc.
  • Denso Corp.
  • OmniVision Technologies, Inc.
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • Valeo Group
  • ZF TRW
  • SaberTek, Inc.
  • Analog Devices, Inc.

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Cyanuric Chloride Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2028

Commercially, cyanuric chloride is a well-known organic compound having the chemical formula (NCCl)3 and also referred to as a trimer of cyanogen chloride. Cyanuric chloride is one of the derivatives of 1,3,5,-triazine.

On the commercial scale, cyanuric chloride is manufactured mainly by two processes i.e. hydrogen and sodium cyanide processes. In the manufacturing process of cyanuric chloride, both the raw materials are mixed with chlorine.

On further polymerization reaction, cyanuric chloride is obtained as a final finished product. Hydrogen cyanide is an effective process for the manufacturing of cyanuric chloride owing to the cheap manufacturing process and low raw material costs as compared to sodium cyanide.

Cyanuric chloride of different purity levels is available in the market and consumed for various end-use applications such as lubricants, agrochemicals, additives, paper, textiles, etc. On the basis of opportunity, cyanuric chloride is used as a material of choice for the manufacturing of herbicide atrazine which falls under triazene class pesticides.

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Market Dynamics: Cyanuric Chloride Market

The increase in demand for cyanuric chloride is expected to gain traction in the market in various end-use industries. Cyanuric chloride requires lower production costs as compared to its substitutes. It shows significant efficiency and is easy-to-use in any application.

Furthermore, the growth of end-use applications, coupled with technological developments is estimated to drive the growth of cyanuric chloride in the near future. On the basis of application share, the agrochemicals segment is expected to witness more than two-third market share in terms of value and volume.

The consumption of cyanuric chloride in agrochemical applications is increasing owing to the population growth. Some of the factors which can hamper the market growth are stringent regulations in Western Europe over the consumption of cyanuric chloride as an agrochemical and the introduction of substitutes for cyanuric chloride which are currently in the primary stage, but are set to launch in the global as well as in the regional market.

Regional Outlook: Cyanuric Chloride Market

On the basis of geographical perspective, the Asia Pacific is one of the key regions for the cyanuric chloride market during the forecast period. In the Asia Pacific, China is one of the prime markets in terms of demand and supply of cyanuric chloride.

The market is estimated to be driven by the expansion of end-use applications and manufacturing unit expansion by key players. Additionally, the increasing agriculture sector in China as well as in India is expected to drive the market in the coming future. North America is projected to witness moderate growth due to the interest of key manufactures towards acquisition.

Owing to stringent government regulations over the use of atrazine fertilizers, Western Europe is estimated to witness weak growth in the coming assessment period. Emerging economies such as the Middle East & Africa and Latin America are expected to witness moderate growth as compared to the North America region.

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Some of the key players in the cyanuric chloride market are-

  • Lonza Corporation
  • Evonik Industries
  • Syngenta
  • Hebei Chengxin Co., Ltd.
  • Volochem In
  • Santa Cruz Biotechnology
  • Yingkou Sanzheng Organic Chemical Co. Ltd.
  • Cangzhou Lingang Yueguo Chemical Co., Ltd
  • Zaoyang Jinlu Chemical Co Ltd

The research report presents a comprehensive assessment of the cyanuric chloride market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data.

The cyanuric chloride report also contains projections using a suitable set of assumptions and methodologies. The cyanuric chloride report provides analysis and information according to market segments such as geographies, application, and industry.

Segmentation: Cyanuric Chloride Market

The cyanuric chloride market is segmented on the basis of purity, manufacturing process, and application.

On the basis of purity, the cyanuric chloride market segmented as-

  • High Purity (Above 99%)
  • Low Purity (Below 99%)

On the basis of additive type, the cyanuric chloride market segmented as-

  • Hydrogen Cyanide
  • Sodium Cyanide

On the basis of application, the cyanuric chloride market segmented as-

  • Plastic
  • Chemical Additives
  • Agrochemicals
  • Textile
  • Dyes & Pigments
  • Other

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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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