Acrylic Lenses Market | Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast to 2027

The increasing prevalence of vision problems such as myopia, hypermetropia, cataract, and astigmatism has triggered the demand for acrylic lenses.  Acrylic lenses are increasingly preferred over glass lenses due to various advantages, such as lightweight, high break resistance and spark resistance, it offers.

As per World Health Organization (WHO), there are 285 million visually impaired people across the globe. Moreover, WHO lists that the major reasons for visual impairment are glaucoma, refractive errors and cataract.

Growing safety concerns among people to prevent these problems is expected to upsurge the demand for acrylic lenses market. Additionally, improvement in the healthcare facilities and shifting focus towards acrylic lenses over glass lenses are further estimated to influence the growth of the global acrylic lenses market.

Based on application, corrective acrylic lenses are expected to dominate the global acrylic lenses market. However, therapeutic lenses are projected to witness significant growth during the forecast period.

Based on design type, toric lenses and accommodative acrylic lenses are expected to witness high growth during the forecast period. Based on product type, hydrophilic lens is expected to dominate the global acrylic lens market owing to their ease of implantation during surgery.

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Acrylic Lenses Market: Drivers

Increasing demand for acrylic lens due to its advantages over glass lens is projected to drive the growth of the global acrylic lenses market. Moreover, rise in the count of diabetic patients coupled with increasing risk of cataract among the diabetic patients are two main factors estimated to escalate the demand for acrylic lenses during the forecast period.

Additionally, increase in incidences of ocular and ophthalmic conditions is further expected to drive the growth of global acrylic lenses market. Moreover, continuous innovations in the field of accommodative and toric lenses will also fuel the demand for acrylic lenses in the near future.

Acrylic Lenses Market: Restraints

One of the major factors affecting the growth of the global acrylic lens market is the high initial cost of the acrylic lens. Moreover, lack of reimbursement is further expected to hamper the growth of the global acrylic lenses market.

Additionally, problems such as photophobia, corneal allergy and perilimbal infection due to continuous use of lenses are expected to restrict the growth of the global acrylic lenses market.

Acrylic Lenses Market: Segmentation

The global acrylic lenses market can be segmented on the basis of product type, design type, and applications. On the basis of product type, the market can be further segmented into hydrophilic acrylic lenses and hydrophobic acrylic lenses.

On the basis of design type, the global acrylic lenses market can be further segmented into spherical acrylic lenses, aspherical lenses, toric lenses, multifocal lenses and toric multifocal lenses and accommodative lenses. On the basis of application, the global acrylic lenses market can be further segmented into therapeutic lenses, lifestyle, corrective lenses and cosmetic lenses.

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Acrylic Lenses Market: Regional Outlook

On the basis of region, North America is expected to be a promising revenue generating region owing to increasing adoption of technologically advanced products. Asia Pacific, led by China and India, is projected to grow at a significant rate during the forecast period. Increasing ophthalmic cases in Asia Pacific is expected to fuel the demand for acrylic lenses during the forecast period.

Latin America is expected to witness substantial growth in the near future. Europe and Middle East & Africa are expected to witness positive growth during the forecast period.

Acrylic Lenses Market: Market Participants

Examples of some of the market participants identified in the global acrylic lenses market are as mentioned below:

  • Polyoptics GmbH
  • LensOptic
  • EyeKon Medical, Inc.
  • Bausch & Lomb, Inc.
  • American Hydron
  • Barnes Hind
  • CooperVision
  • Wesely-Jessen
  • American Optical
  • Syntex
  • Hoya Corporation
  • Abbott Medical Optics, Inc.

Some of the players in the market are exploring Asian market in order to increase their market share and revenue in the near future.

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.

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Two Wheeler Suspension System Market Key Manufacturers, Development Trends and Competitive Analysis 2030

Future Market Insights’ (FMI) recently published report on the global two wheeler suspension system market provides an unbiased yet exhaustive coverage on prevailing growth trends for the 2022-2030 forecast period. The study opines that the decline in demand for two wheeler suspension systems will be offset in the next couple of years due to growing preference toward personal mobility over public transport.

Despite COVID-19’s recessionary impact in the current year, manufacturers anticipate a surge in growth prospects, attributed to growing incidence of two-wheeler ownership, including scooters, bicycles and motorbikes. Hence, demand for suspension systems is likely to remain sustained in the remainder of the short-run forecast.

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Key Takeaways

  • Global two wheeler suspension system market to register 4.9% value CAGR through 2030
  • Mono shock rear suspension systems to surpass half-a-billion-dollar mark by 2022-end
  • By vehicle type, motorcycle suspension systems to generate nearly 60% revenue by 2021
  • Aftermarket sales to generate significant growth opportunities in the upcoming forecast period
  • South Asia & Pacific to emerge as an attractive investment destination, with India emerging as a potential cash cow

“Increased investments in motorbikes due to their easy maneuverability and high fuel economy are anticipated to propel the two-wheeler suspension systems market forward, especially in emerging markets,” opines the FMI analyst.  

COVID-19 Impact Analysis

The COVID-19 pandemic has massively disrupted the global automotive industry, leading to major supply chain impediments and decline in production targets due to government imposed shutdowns. This has significantly impacted growth prospects for the two wheeler suspension system market.

However, recent months have proven favorable for market growth. In India, for example, wholesale dispatches from two-wheeler companies to domestic market expanded by 14% in September 2020, attributed to inventory refilling by OEMs in wake of stabilizing supply chains.

Likewise, production cycles across other markets are gradually reverting to normalcy. However, while growth is expected to remain positive, sluggishness is expected to prevail until 2021-end, as manufacturers grapple with addressing vast supply-demand disequilibria.

Competitive Landscape

The global two wheeler suspension system market is interspersed with the presence of numerous regional and global level players. Some prominent players include Showa Corporation, ZF Friedrichshafen AG, KYB Corporation, Endurance Technologies Limited, Gabriel India Limited, BMW Group, WP Suspension GmbH, Ohlins Racing, Duro Shox Private Ltd and Nitron Racing Shocks.

A combination of strategies, ranging from acquisitions, collaborations, capacity expansions and product launches characterize the aforementioned players’ expansion tactics. For instance, in May 2020, Endurance Technologies acquired a 100% stake in Italian company Grimeca for acquiring its braking solution business.

Around the same time, ZF Friedrichshafen AG closed its acquisition of WABCO in order to expand its commercial vehicle technology business, with the latter functioning as an independent unit of the company.

Regarding product development, WP Suspension GmbH announced the launch of its WP XPLOR 6500 Cartridge motorbike, equipped with a closed cartridge technology, providing reduced cavitation risk and high longevity to the ride.

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Key Segments

Product Type

  • Telescopic Front Suspension
  • Rear Suspension
  • Mono Shocks
  • Dual Shocks

Vehicle Type

  • Motorcycles
  • Scooters
  • Mopeds

Sales Channel

  • OEM
  • Aftermarket

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico & Rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Russia, Spain & Rest of Europe)
  • East Asia (China, Japan & South Korea)
  • South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Oceania & Rest of South Asia & Pacific)
  • Middle East & Africa (GCC, Turkey, Northern Africa, South Africa & Rest of MEA)

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Lathe Machines Market Key Players, End User, Demand and Consumption by 2027| Says FMI Analyst

Lathe Machines Market Overview

Lathe is a tool that rotates any workpiece Lathe Machines Market on its axis in order to carry out numerous operations such as cutting, deformation or drilling, knurling and so on with tools applied on that workpiece to create a symmetrical object about an axis of rotation. In short, a lathe machine is used to shape various work pieces.

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Lathe machines have many applications; lathe machines are used in woodturning, metalworking, metal spinning, glass working and thermal spraying. The main purpose of a lathe machine is to facilitate unfinished to finished metal product transformation.

There are different types of lathe machines depending on the material being worked upon. Generally, there are three types of lathe machines – engine lathes, special purpose lathes and turret lathes. Each of these types have their respective characteristics and applications. Engine lathes are the most popular.

The best thing about engine lathes is that they can be used to transform different materials other than metal. Turret lathes are used for sequential machining of single workpieces. Sequential machining helps in eliminating errors in the work alignment. With turret lathes, machining is done with better efficiency thereby reducing errors, increasing speed and correspondingly reducing working time.

Special purpose lathes are used for carrying out special procedures and processes (e.g. heavy duty production of identical parts), and hence the name special purpose lathes.

The global lathe machines market is expected to grow steadily over the next decade and is likely to incur massive revenues during the forecast period. This growth can be attributed to an impressive development in the global automotive industry.

The rise in demand for new, fuel efficient, advanced automobiles with enhanced safety features is one of the main reasons for the global automotive boom, which in turn has increased the demand for lathe machines in the automotive industry.

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Global Lathe Machines Market: Drivers

The major factor likely to drive the growth of the global lathe machines market is automation. With a growing awareness of quality, manufacturers have started automating their production processes. The increased need to provide superior products has pushed manufacturers to use advanced automated systems.

The integration of the Internet of Things (IoT) in manufacturing (Smart Manufacturing) is one of the new trends in the global lathe machines market that will gain sufficient traction in the coming years. To add to this, manufacturing industries in advanced and developing countries are focussing on replacing manually controlled lathe machines with computer numerical controlled (CNC) lathe machines to enhance industrial productivity and efficiency.

Growing urbanisation has fuelled market demand in the automotive, general machinery and transport industry. The growth in these three main sectors have led to an augmented demand for metal machine tools and in turn are the growth accelerators of the global lathe machines market.

Global Lathe Machines Market: Restraints

One of the main factors likely to inhibit the growth of the global lathe machines market during the forecast period is the relatively high costs associated with deploying lathe machines. Significant U.S import restraints is another aspect likely to affect the growth of the global lathe machines market.

Global Lathe Machines Market: Key Regions

Asia Pacific is expected to be the most dominant market in the global lathe machines market and is predicted to be the fast growing regional market in the coming years. Many initiatives such as “Make in India” along with rising automotive production have made APAC the focal point in global manufacturing, which is the main reason for the fast upsurge of the lathe machines market in this region.

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The highest growth is anticipated to be witnessed in India followed by Japan. After APAC, the Europe lathe machines market will likely gain speed in the global lathe machines market. Effective measures and initiatives are driving the growth of the lathe machines market in developed regions such as UK, France, Germany, Italy and rest of Europe.

Global Lathe machines market: Key Market Players

The key players in this market strive to remain competitive by focusing on collaborations, new product developments (NPD) and partnerships. Some of the key players operating in the global lathe machines market include Dalian Machine Tool Group Corporation, DMG Mori Co., JTEJT Corporation, Yamazaki Mazak Corporation, HMT Machine Tools, Samsung Machine Tools, Haas Automation, Okuma Corporation, Ace Micromatic and Benzinger.

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, types and applications.

The report covers exhaustive analysis on

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

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Polychloropene Rubber Market | Research During The Ongoing COVID-19 And Research Methodology By Forecast To 2027

Polychloropene rubber is extensively used in gaskets, pads, bumpers, conveyor belts, insulators, and many more. Polychloropene rubber is capable of dampening shock and vibrations in vertical, as well as lateral positions.

Over the last decades, the global rubber industry has witnessed a rapid growth due to its bulk as well as innovative and constantly growing end-use applications. The rubber industry is among the ever growing industries across the globe owing to its significantly versatile properties which can support its effective utilization in a number of end-use industries.

Rubber has low thermal conductivity and is useful in reducing heat transfer. It can reduce noise and vibration, and acts as an insulator. Along with these advantages, it provides excellent resistance to oil, chemical and heat and is used in a wide range of applications. It also offers high ultra violet and ozone resistance.

Various types of rubbers are used for various applications in industries as well as for domestic purposes. Each rubber type possesses some distinctive desirable properties. Polychloroprene is a widely used rubber which exhibits excellent properties that give it an edge over other rubber types.

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Polychloroprene is a synthetic rubber and is produced by the polymerization of chloroprene. Polychloroprene rubber is soft, flexible and durable. It is a synthetic spongy rubber that possesses various unique characteristics, such as water and weather resistance, and thermal and moisture insulation; additionally, it is light weight, and latex free.

Owing to its vast application portfolio, the market for polychloroprene rubber is expected to witness a stable growth rate over the coming years.

Polychloropene Rubber Market: Dynamics

The market for polychloroprene rubber is expected to represent sustainable growth opportunities over the forecast period of 2017–2027 in the global market. Factors such as sophisticated technological development and high requirement for functionality and safety in industrial products are expected to boost the demand for polychloroprene rubber through 2027.

Regulations pertaining to the use of polychloroprene rubber in various applications and availability of raw materials in specified timeframe are the key challenges for market participants. Manufacturers’ bent towards increasing mergers and acquisitions and product development are among the key trends in the global polychloroprene rubber market.

On the basis of geographical regions, high consumption of polychloroprene is expected to translate to significant demand in Asia the Pacific. The region is expected to create a benchmark for all other regions by growing with a healthy CAGR over the forecast period.

Polychloroprene Rubber Market: Regional Outlook

Globally, the market for polychloroprene rubber is expected to grow at a healthy CAGR during the forecast period. In developed and industrialized regions such as North America and Europe, quality of the product as well as safety regulations pertaining to end-use applications are expected to be the key driving and differentiating factors for the product demand.

In the APEJ region, especially in India and China, market is expected to be primarily volume driven characterized by high consumption. Globally, the Indian rubber industry stands fourth in terms of rubber production and second in terms of rubber consumption, which denotes significant potential for key players in the polychloroprene rubber market as well in the Indian sub-continent.

Attributing to the increasing adoption of sustainable technology in production globally, the polychloroprene rubber market is projected to grow at a significantly high CAGR during the forecast period. Furthermore, new production technologies and inventions in polychloroprene rubber end-uses will foster its growth in the global market.

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Polychloroprene Rubber: Market Participants

Examples of some of the key market participants identified across the value chain of polychloroprene rubber market are as follows:

  • Macro International Co.
  • ACRO Industries
  • Canada Rubber Group
  • AJ Rubber & Sponge Ltd.
  • Martin’s Rubber Company

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.

About Us

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Permanent Magnet Generators Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2017 -2027| Says FMI Analyst

Permanent Magnet Generators Market Overview

The rate of Permanent Magnet Generators Market energy sources is expanding day by day. This has presented non-conventional energy sources as an alternative to traditional energy sources. Renewable energy sources, for example, wind, solar, biogas, small-scale hydro power plants, etc.

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provide enhanced ecological protection. Declining fossil fuels supply and the damaged environment, which in some ways can be blamed on the conventional energy sources, have made it more important to discover other energy sources.

Permanent magnet generators are becoming more popular day by day. They renewable are used to convert mechanical energy produced by rotor blades to electrical energy.

The energy conversion is based on Faraday’s laws of electromagnetic induction, that dynamically induces an electro-motive force i.e. e.m.f into the generators coils as it rotates. In permanent-magnets generators, permanent magnets are incorporated in the conventional rotor of an induction generator.

Since these generators do not leave behind any residue or untreatable waste, they are fast becoming an extremely popular choice.

Permanent magnet generators are widely used in small wind turbines. These days, they are also being used in large offshore and onshore wind turbines.

These generators are superior replacements of traditional induction motors and can easily be attached with diesel generators, turbines and hybrid vehicles. These generators can also be utilized as part of wind as well as water machines. Some of the advantages of permanent magnet generators are self-protection against short circuits and severe overloads and easy maintenance.

The permanent magnet generators can be a direct current voltage machine with a rotary collector and brushes or an alternating current synchronous multiphase machine where the rotor and the stator magnetic fields are rotating at a similar speed. This removes the excitation losses in the rotor, which generally amount to 20% to 30% of the collective generator losses.

The reduced losses additionally give a lower temperature rise, which essentially means that a simpler and smaller cooling system can also be used in the generator.

In case of permanent magnet AC synchronous generator, the inductor is located at the rotor whereas in permanent magnet DC generator, the inductor which consists of a coil or wire loop is set up at the stator with a group of permanent magnets.

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In general, direct current permanent magnet generators are a preferred choice for wind turbine systems that operate at a small scale as they can work at low rotational speeds and give high degree of reliability with minimum maintenance costs. Their cut-in point is genuinely low and thus, they are also able to provide good proficiency particularly in light wind conditions.

Permanent Magnet Generators: Market Dynamics

The interest in permanent magnet generators is increasing day by day. Since electricity is becoming expensive with every passing day, individuals are searching for an alternative energy source and permanent magnet generators fit seamlessly in that place.

These devices do not use any environmental resources to produce energy and in this way, are environment friendly. Other than this, no by products or wastage is produced by these generators during the energy generation process.

Environment specialists have been making a special case for permanent magnet generators as these can diminish the pollution effect by up to 50%. Demand for permanent magnet generator is increasingly growing in wind turbine systems because of their numerous advantages.

Permanent Magnet Generators Market Participants

Examples of some of the market participants identified across the value chain of global permanent magnet generatorsmarket include:

  • Siemens AG
  • THE SWITCH
  • Alxion
  • ABB Ltd
  • PM-Generator, Germany
  • BRAUN Windturbinen GmbH
  • RAMME Electric Machines GmbH
  • Windstream Power LLC
  • Nuova Saccardo Motori S.r.l
  • Hyosung Power & Industrial Systems PG
  • Baotou Tianlong Permanent Magnet Generator Manufacturing Co.,Ltd

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.

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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 exhaust 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.

Permanent Magnet Generators: Market Segmentation

Based on type of machine, the global permanent magnet generators market is segmented into the following:

    • Permanent Magnet AC generator
    • Permanent Magnet DC generator

Based on speed, the global permanent magnet generatorsmarket is segmented into the following:

    • Low speed PMG
    • Medium speed PMG
    • High Speed PMG

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Based on end-use, the global permanent magnet generatorsmarket is segmented into the following:

    • Wind turbine systems
    • Hydro turbine systems
    • Others

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Tungsten Metal Powder Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2027

Tungsten metal powder exhibits low degree of thermal expansion and high melting point, with high density. It also possesses properties such as high degree of rigidity, mechanical strength and very low vapour pressure. Wolframite is the commonly used ore to extract tungsten metal powder.

Other than this, it can also be extracted from ores such as scheelite, synthetic scheelite, ferberite and hubnerite. Tungsten metal powder is mainly utilized for the manufacturing of tungsten products and cemented Tungsten Carbide (WC).Tungsten metal powder is basically prepared by hydrogen reduction.

Particle size distribution, tap and compact or green density, specific surface area, morphology and degree of agglomeration are the crucial physical and mechanical properties of metal powders.

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Alongside, high melting point with low thermal expansion, the high degree of rigidity and mechanical strength make tungsten powder a good option for use in the production of many industrial tools and wear parts that are subject to high stress.

Tungsten metal powder is also used in the formation of heavy metal alloys which are ideal for their use in the automotive and aerospace industry, in the medical industry, and various other industrial equipment and devices.

Tungsten Metal Powder Market:  Dynamics

The market demand for tungsten metal powder is driven by hard metals such as Tungsten Carbide, which can be used to manufacture automobile parts- mainly engines for automotive industry.

Wear resistance, high rigidity and mechanical strength make tungsten carbide an ideal product to be used in mining and construction industry. Tungsten-based wear parts and cutting tools are used for tooling in all areas of industrial engineering (due to its properties such as strength and wear resistance).

Heavy metal is used for balancing and counter weights in airplanes or helicopters in aviation industries. The lightweight airplane construction uses carbon-fibre-composite materials, which require advanced tungsten tools to be machined in order to make it ideal for application in aviation as well as aerospace industries, and these factors are expected to drive the global market for tungsten metal powder over the forecast period.

The relatively high initial investments and high R &D cost are the key restraints for the market growth of tungsten metal powder. Whereas, developments in automobile manufacturing, semiconductor, aviation and aerospace industries and so on, can be considered as the opportunities in global tungsten metal powder market.

Also, growing concern about environment and energy conservation bolsters the tungsten metal powder market growth.

Shrinking semiconductor device sizes, smaller and sophisticated machines and machine tools, increasing demand for tools with high rigidity and high mechanical strength to increase the mining production etc. are observed as the trends prevailing in the tungsten metal powder market.

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Tungsten Metal Powder Market: Region-wise Outlook

China, followed by Europe, is considered to be a major consumer of tungsten metal powder. Whereas, the U.S. also accounts for a significant proportion of global consumption of Tungsten metal powder. Moreover, high demand from the end-user industries such as semiconductor, electronics and automotive are likely to fuel the tungsten metal powder market growth in Asia Pacific and European regions.

Also, the U.S .and Japan are expected to project significant growth during the forecast period, owing to the growing aerospace and electronics industries in the respective regions.

Tungsten Metal Powder Market: Participants

Examples of some of the market participants identified across the value chain of the global tungsten metal powder market include:

  • C. Starck GmbH
  • Global Tungsten & Powders Corp
  • TaeguTec LTD.
  • American Elements
  • Strem Chemicals
  • US Research Nanomaterials, Inc.
  • Graphene Laboratories Inc

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.

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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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Mechanical Seals Market Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects FMI 2016-2026| Says FMI Analyst

Mechanical Seals Market Overview

Increase in production Mechanical Seals Market of shale gas in developing and developed countries is a major factor driving the growth of the market. New oil and gas exploration activities, coupled with extensive investments in refineries and pipelines is escalating the growth of the global mechanical seals market.

Moreover, introduction of new technologies is also a major element boosting the overall growth of the global mechanical seals market.

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Global Mechanical Seals Market: Restraints

Introduction of alternate methods of sealing leakages like mechanical packaging eats into the revenue share of the mechanical seals market. Furthermore, use of electronic seals in automated manufacturing units can also impede growth during the forecast period 2016-2026.

Global Mechanical Seals Market: Region-wise Outlook

The highest growth is expected to be witnessed in the Americas due to increase in adoption of mechanical seals to ensure precise and prefect sealing of pipelines. Demand for mechanical seals is anticipated to remain stable in Middle East & Africa.

Asia Pacific excluding Japan (APEJ) is expected to offer growth opportunities to key players during the forecast period.

Global Mechanical Seals Market: Key Players

The major players involved in the manufacturing of mechanical seals are AW Chesterton Company, EagleBurgmann India Private Limited, Flowserve Corporation, Flex-a-seal, John Crane Group, Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken AB, Freudenberg Sealing Technologies GmBH and Co. KG., Dana Corporation, Telleborg Industries and others.

About Mechanical Seals

Mechanical seals are those leakage control devices which are deployed on rotating equipment like mixers and pumps to avoid the leakage of liquid and gases from escaping into the environment. Mechanical seals ensure that the medium stays in the system circuit, protecting it from external contaminations reducing environmental emissions.

Mechanical seals also helps in stopping leakage in systems that contain pressure. Before mechanical seals, mechanical packaging was used; however, it wasn’t as effective as seals are.

Mechanical seals often consume energy since the frictional properties of the seal has a huge impact on the amount of power consumed by the machinery on which it is used. The four major classes of mechanical seals are traditional contact seals, cooled and lubricated seals, dry seals, and gas lubricated seals.

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Only a flat and smooth finish on mechanical seals is eligible to prevent leakage to its full efficiency. Mechanical seals are usually made by using carbon and silicon carbide but mostly carbon is used in the manufacturing of mechanical seals because of its self-lubricating properties. The two principle components of a mechanical seal are the stationary arm and the rotatory arm.

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 categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved

Regional analysis includes

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

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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.

Global Mechanical Seals Market: Segmentation

The global mechanical seals market can be segmented on the basis of types, end use and geography.

On the basis of types, the global mechanical seals market can be segmented into

    • O-ring seals
    • lip seals
    • rotary seals

On the basis of end use industry, the global mechanical seals market can be segmented into

    • oil and gas industry
    • general industry
    • chemical industry
    • water industry
    • power industry
    • others.

On the basis of region, the global mechanical seals market can be segmented into

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

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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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Natural Fragrance Chemicals Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights by 2027

Natural fragrance chemicals are aroma compounds physically obtained from plants, spices and fruits through distillation, extraction and expression. In general, fragrance chemicals that are produced from natural sources are termed as natural fragrance chemicals.

These chemicals do not contain any traces of toxicity in it and is highly preferred over synthetic fragrance chemicals, especially by health conscious people. Owing to the non-toxic characteristic of the compound, the prices are relatively high. The costs depend upon the aroma as well.

Natural fragrances can also be defined as the complex compositions of pure aromatic raw materials such as isolates, essential oils, exudates including extracts, resins, distillates, volatile concentrates and so on. Natural fragrance chemicals are used in the formation of essences utilized in beverages industry. It is also used in hair oils, deodorants, perfumes and many other products in cosmetic industry.

Other than this, the natural fragrance chemicals find applications in the production of soap, detergent and home care products, among others.  The application in home care products includes in products such as room fresheners, floor cleaners and incense sticks.

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Natural fragrance chemicals are preferred over synthetic fragrance chemicals in many household products since they do not cause any side effects. Since it is obtained from natural sources, it also possesses some medicinal properties and can be used for treatment of illnesses such as body pain, stress and skin problems.

Natural Fragrance Chemicals Market: Dynamics

The demand for natural fragrance chemicals is predominantly driven by the rising awareness among people on hazardous effects of synthetic fragrance chemicals present in the daily use products.

Other than this, some of the factors that boost the demand for natural fragrance chemicals are the surge in use of natural fragrance chemicals in several end use industries such as food and beverages industry and cosmetic industry and their promotions through various media prompting people to choose sustainable and healthy products. Increasing disposable income is a noteworthy factor that bolsters the growth of the natural fragrance chemicals market over the forecast period.

However, the products with natural fragrance chemicals are relatively costly, which remains as a key factor slowing down the growth of the natural fragrance chemicals market. Also, the availability of substitutes restrain the market growth to a great extent. The extensive exploitation of natural resources for manufacturing natural fragrance chemicals will adversely affect the environment as well.

Natural Fragrance Chemicals Market: Regional Outlook

Europe is estimated to hold a major share in the global natural fragrance chemicals market, followed by Asia-Pacific and North America.

In Europe, the consumption as well as production of natural fragrance chemicals is significant due to the high demand for products containing natural fragrance chemicals and presence of several leading players in this region. Asia-Pacific is projected to witness a rapid growth over the forecast period as a result of rising popularity of natural fragrance chemicals in countries such as China and India.

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Natural Fragrance Chemicals Market: Participants

Some of the examples of the market participants in the global natural fragrance chemicals market, identified across the value chain are:

  • Givaudan
  • Firmenich SA
  • Sensient Technologies Corporation
  • Paris Fragrances USA
  • International Flavors & Fragrances Inc
  • Takasago International Corporation
  • Symrise
  • Frutarom
  • Kerry Group plc

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.

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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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Metal Stamping Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 – 2032| Says FMI Analyst

Metal Stamping Market Overview

Global Metal Stamping Market is forecast to surpass a valuation of nearly US$ 199 Bn in 2022, with sales growing at a 3.6% CAGR over the assessment period. Ongoing expansion of the electrical & electronics sector is expected to boost sales, pushing the market size to over US$ 260 Bn by 2032.

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Increasing applications of metal frames in electronic products such as mobile phones, speakers, headphones, gaming consoles, and controllers are expected to drive sales in the metal stamping market. Metal stamping is used for manufacturing camera lens holders, antennas, and chassis in mobile phones.

The process enables manufacturers to achieve high tolerance, electrical conductivity, corrosion resistance, and a smooth finish in electronic components. Backed by these features, sales of metal stamping are projected to remain high over the forecast period.

Further, rising adoption of the bending process in various end-use sectors to improve the stability, durability, and performance of metal components is anticipated to bode well for the market. Increasing focus on safety in the aerospace sector is expected to create opportunities for growth for players operating in the market.

In addition to this, stringent regulations pertaining to the quality of metal components used in aircraft, along with surging demand for lightweight components to improve fuel efficiency and weight of the aircraft are key factors expected to drive sales in the aerospace sector.

Which Factors are Complementing the Growth in the Metal Stamping Market?

Increasing production of passenger vehicles in the automotive sector across the globe is expected to push sales in the market over the forecast period. Metal stamping enables manufacturers to achieve the desired shape and size of metals by punching or pressing using stamping dies. This process can be done manually or automatically.

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Some frequently used metals in metal stamping include stainless steel, brass, copper, and aluminum. The expansion of the metals and mining industry to cater to the growing demand for metals in automotive, consumer electronics, and aerospace sectors is expected to drive sales in the market.

In addition to this, technological advancements in the metal stamping process are encouraging manufacturers to reduce the costs in the manufacturing process. In this process, the usage of dies is optional, thereby saving time and optimizing the cost.

Besides this, surging demand from the telecommunications sector to manufacture antennas and the outer body of products is anticipated to fuel sales as the process improves the durability of telecom products. Growing demand for high-quality and advanced telecom products across the globe will continue augmenting the growth in the market.

Further, the industrial sector is expected to emerge as a lucrative application segment in the forthcoming years. Rapid industrialization in emerging economies such as China, India Brazil, and South Africa will drive sales, as the process is being adopted for the production of manufacturing and construction equipment.

What are the Challenges in the Metal Stamping Market?

The replacement of metal automotive products with lightweight materials like plastic and carbon fiber is expected to hinder the growth in the market. As per the Office of Energy Efficiency and Energy Consumption, lightweight materials in vehicles increase efficiency by reducing the overall weight by 10% and improving fuel economy by 6-8%.

Increasing adoption of lightweight materials such as alloys, magnesium alloys, carbon fiber, aluminum fiber, polymer composites, and high strength steel over cast iron and traditional steel components is anticipated to hamper sales.

Will the Asia-Pacific Emerge as a Lucrative Pocket in the Global Metal Stamping Market?

Sales in the Asia Pacific are expected to account for more than 37% of the total market share in 2022. Increasing production and sales of passenger cars and consumer electronics in countries such as India, Bangladesh, and China is a key factor that will boost the market over the forecast period.

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Rapid industrialization, investments in infrastructure development, and growth in the defense and aerospace sectors in the region are spurring demand for manufacturing equipment. Governments in various countries are investing in the defense sector to upgrade defense equipment, launch advanced equipment and improve the efficiency of vehicles and aircraft.

Further, expansion of the agricultural sector in India is anticipated to augment the growth in the market over the forthcoming years. Metal stamping is used to manufacture components used in agricultural equipment and vehicles, which in turn will boost sales in the market over the assessment period.

What is the Europe Metal Stamping Market Outlook?

The presence of leading luxury automotive manufacturers across Europe is anticipated to place the region as an attractive market over the forecast period. Surging usage of metal stamping in the automotive sector will continue driving sales across Germany, France, Italy, and Russia over the assessment period.

In addition to this, increasing adoption of metal components in the construction, agricultural, telecom, and electronics sectors in Europe is expected to bode well for the market. Rising investments in the development of public infrastructure in countries with high tourist footfall are boosting the market in Europe.

Market Competition

Some of the leading players present in the global metal stamping market include American Industrial Company, Martinrea International Inc., Magna International Inc., Hayes Lemmerz International, Harvey Vogel Manufacturing Co., Haitong Metals, D&H Industries, Inc., Dongguan Fortuna Metal Stamping Company, ThyssenKrupp AG, Alcoa Inc. and American Axle & Manufacturing, Inc.

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Fiat Chrysler Automobiles, Toyota Motor Corporation, Ford Motor Company, General Motors, BMW AG, Whirlpool, and Boeing are some other players profiled by FMI. Players are investing in production facility expansions to leverage opportunities in untapped markets.

Besdies this, players such as D&H industries are investing in research and development to improve the efficiency of metal stamping for manufacturing agricultural equipment, which is expected to boost the market in the forthcoming years.

Key Segments Profiled in the Metal Stamping Industry Survey

Product Type:

  • Vehicle stamping
  • Job stamping

End Users:

  • Automotive
  • Aerospace
  • Consumer electronics
  • Telecommunication
  • Electrical & electronics

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • 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.

Contact:

Unit No: 1602-006
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Aviation Cabin Cleaning Chemical Market | Outlook, Current and Future Industry Landscape Analysis by 2027

The increase of global aircraft fleet and its maintenance and operations market in turn is creating a considerable demand for aviation cabin cleaning chemicals. Many cabin cleaning chemical are used in the aviation industry for applications such as cleaning and sanitization of airplane lavatories, removal of heavy traffic stains and oil residues from carpet while avoiding damage to carpet backing and cleaning of windows.

Other than this cabin cleaning chemical are used to clean doors, display screen, windows, leather seats, curtains, ashtray cleaning, decorative panels of plastic, wood or similar materials, etc. inside an airplane. Aviation cabin cleaning chemical usage is directly proportional to aircraft fleet size.

Keeping the interior of the aircraft clean is of utmost importance as keeping a clean external surface. Corrosion can occur in the interior structure to a greater degree since it is difficult to reach out to certain areas for cleaning. Bolts, nuts, pieces of wire, or other metal objects dropped carelessly and neglected, combined with humidity can cause electrolytic corrosion.

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Aviation Cabin Cleaning Chemical Market: Market Dynamics

In developing regions, the demand for low-cost carrier airlines are higher. Hence its maintenance and operations has been continuously increasing, which in turn has increased the demand for aviation cabin cleaning chemicals. Increase in the air traffic across end use sectors in turn has subsequently increased the demand of cabin cleaning chemicals to cater the maintenance and operations activities.

The growth of aviation cabin cleaning chemical is also on growing on the backdrop of demand for single-aisle aircraft in the developing regions thereby increasing the maintenance and operation activity around these aircrafts. North America is expected to remain a relatively large region over the forecast period; since it covers the maximum no. of aircraft fleet across the globe followed by other regions.

Aviation cabin cleaning chemical is used in various end-use sectors such as military, commercial, business, government, and general aviation. Moreover, the major portion of the market is in control of the commercial end-use sector. The increase in demand for commercial aircraft globally bodes well for leading aviation cabin cleaning chemical manufacturers and their suppliers.

However, certain volatile aviation chemicals affect effective functioning of other aircraft components as well as has a hazardous effect on the environment. In lieu of this, various government and non-government organizations have created certain regulations and safety standards regarding the use such chemicals.

The development of aviation chemicals meeting all regulatory guidelines along with maintaining their profitability is expected to remain a key challenge among aviation chemicals manufacturers.

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Aviation Cabin Cleaning Chemical Market: Market Segments

The global market for aviation cabin cleaning chemical can be segmented on the basis of product type, chemicals, and end user.

Based on the nature of chemicals, the aviation cabin cleaning chemical market can be segmented into

  • Organic
  • Inorganic chemicals

On the basis of the end use sector, the global aviation cabin cleaning chemical market can be segmented into:

  • General aviation
  • Business aviation
  • Defense aviation
  • Commercial aviation

On the basis of product type, the global aviation cabin cleaning chemical market can be segmented into:

  • Carpet cleaning chemical
  • Leather cleaning chemical
  • Cloth cleaning chemical
  • Window cleaning chemicals
  • Cockpit cleaning chemical
  • Others

Aviation Cabin Cleaning Chemical Market: Market Participants

Examples of some of the key market participants in the global aviation cabin cleaning chemical market are Jon-Don, Inc, ALMADION International, Alglas UK, Aero-Sense NV/SA, Envirofluid, Dasic International Limited, Callington Haven Pty Ltd., and Velocity Chemicals Ltd., among 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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