Oral Antiseptics Market to Witness Comprehensive Growth by 2038

The global oral antiseptics market is slated to be valued at US$ 2.47 Bn in 2022. Sales of oral antiseptics are predicted to increase at a CAGR of 4.7% from 2022 to 2028 and reach a valuation of US$ 3.24 Bn by 2028.

Escalating use of oral antiseptics and mouthwash, growing availability of new as well as niche products in the oral antiseptics category, and diverse price range will remain the key push factors propelling revenue growth of the oral antiseptics market.

Increasing recommendations from general dental practitioners, solo and group practitioners, and dental research laboratories, strongly backed by effective marketing strategies adopted by regional and global brands is contributing heavily to steady expansion of oral antiseptics market.

Three out of 10 Europeans prefer oral antiseptics over mouthwash. While Europe has been providing the largest consumer base to oral antiseptics market players, increasing per capita consumption has been projected for the East Asian and North American consumer base.

A majority of sales of oral antiseptics, i.e. over 42%, is concentrated in supermarkets/hypermarkets. However, FMI foresees a progressing demand scenario developing in the drug stores category in coming years.

Herbal oral antiseptics to rise on the back of chemical-based products

Cetylpyridinium chloride-based oral antiseptics, the bestseller over the years, will maintain a dominant value share in the market. While almost 75% of the total sales is accounted by Cetylpyridinium chloride-based oral antiseptics, a negligible share is currently contributed by the herbal segment. However, herbals are likely to emerge attractive in the long run.

In line with the concerns related to possible discomfort and side effects of strong oral antiseptics that typically include alcohol and a few other chemical components, herbal products are launched in oral antiseptics market as a milder and safer alternative to chemical-based oral antiseptics.

FMI opines that alcohol-free, organic, and Ayurvedic products will particularly witness strong demand in the herbal oral antiseptics category. Relatively low competitiveness of the herbal segment operated by a lesser number of players is expected to create scope of growth for oral antiseptics market.

A visibly rising trend of strategic collaborations between major brands in oral antiseptics space is translating into an expanded consumer base of collaborating entities. The report further states that mergers and acquisitions are not only limited to industry giants but also involve a large number of regional players that are potential acquisitions candidates for MNCs.

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This according to the report will result in a more consolidated competition landscape in the global oral antiseptics market.

Within the course of past two years, Henry Schein Inc. has accomplished eight acquisition deals traversing multiple verticals in the dental healthcare realm.

Key Segments:

Oral Antiseptics Market by Product Type:

  • Cetylpyridinium Chloride-based Oral Antiseptics
  • Chlorhexidine Gluconate-based Oral Antiseptics
  • Herbal Oral Antiseptics
  • Essential Oils

Oral Antiseptics Market by Distribution Channel:

  • Oral Antiseptics Sold at Supermarkets/Hypermarkets
  • Oral Antiseptics Sold at Drug Stores
  • Oral Antiseptics Sold at Retail Pharmacies
  • Oral Antiseptics Sold through e-Commerce

Oral Antiseptics Market by Region:

  • North America Oral Antiseptics Market
  • Latin America Oral Antiseptics Market
  • Europe Oral Antiseptics Market
  • East Asia Oral Antiseptics Market
  • South Asia & Pacific Oral Antiseptics Market
  • Middle East & Africa (MEA) Oral Antiseptics Market

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Key Success Factors

3.1. Epidemiology, By Region

3.2. Parent Market Analysis

3.3. Product Adoption vs. Effectiveness

3.4. Market Break Down

3.5. Supply Chain

  1. Global Oral Antiseptics Market Analysis 2013-2021 and Forecast, 2022-2028

4.1. Historical Market Value (US$ Mn) Analysis, 2013-2021

4.2. Current and Future Market Value (US$ Mn) Projections, 2022-2028

4.2.1.1. Y-o-Y Growth Trend Analysis

4.2.1.2. Absolute $ Opportunity Analysis

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Psoriatic Arthritis (PsA) Treatment Market Opportunities and Challenges, Growth by 2028

The Psoriatic Arthritis (PsA) Treatment Market is expected to register 7.1% CAGR between 2022 and 2028, up from 6.7% CAGR recorded during 2013-2021, predicts Future Market Insights. Sales in the global Psoriatic Arthritis (PsA) Treatment Market are slated to top US$ 10.3 Bn in 2022. Expanding at a healthy 7.1% CAGR, the market size is projected to total US$ 15.6 Bn by 2028.

Nearly 70% of the psoriasis patient population is prone to psoriatic arthritis, and up to 20% of arthritis patients are susceptible to acquire psoriasis, according to the recent findings of the Arthritis Foundation.

Industry Behemoths Cover More than 55% Market Value Share

In a fairly consolidated global landscape of psoriatic arthritis treatment market, more than 55% share of the total revenue is accounted by industry giants such as Novartis AG and AbbVie Inc. that include biologics in their core portfolio. While market leaders are maintaining focus on FDA approvals and clinical trials, research also points to the increasing importance of diverse pricing strategies.

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Moreover, prominent players in psoriatic arthritis treatment market are likely to augment investments in R&D of biosimilars, biologics, and TNF (tumor necrosis factor) inhibitors to target regional markets. A number of leading drug manufacturers are also maintaining sizable investments in DMARDs that are scheduled for market entry in next few years. This is perceived as a strong factor improving growth prospects of psoriatic arthritis treatment market, according to the report.

Besides all these, strategic acquisitions, partnerships, and collaborations will remain the preferred expansion strategies adopted by a majority of prominent operators in psoriatic arthritis treatment landscape,” says a senior research analyst at the company.

Demand for Biologics & DMARDs Gaining Momentum

Research-driven understanding of the pathophysiology of psoriatic arthritis is fueling the introduction of innovative therapies in psoriatic arthritis treatment market, triggering innovations among the market participants – thereby supporting the growth of psoriatic arthritis treatment market. Targeted biological therapy has been demonstrating a decent success rate in terms of inducing temporary pain relief resultant of psoriatic arthritis, and thus continues to represent an attractive position in the psoriatic arthritis treatment market.

The report says that the demand for biologics accounts for more than 55% share of the global market revenue, whereas DMARDs demand makes up for more than 3/4th of the total market value. Although a majority of psoriatic arthritis patients opt for injectable as a preferred route of administration of psoriatic arthritis treatment, increasing introduction of innovative oral drugs is uplifting the popularity of orally administered psoriatic arthritis treatment.

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Development of novel oral treatments for psoriatic arthritis is likely to favor the growth of North America’s market. Growing availability of combination therapies and relatively economical biosimilar antibody therapeutics are identified to be the primary boosters for the growth of Europe’s market. Collectively, North America and Europe account for over 60% share in the global value of psoriatic arthritis treatment market. The report indicates that the psoriatic arthritis market in Asia Pacific is likely to display high growth potential in the course of next few years.

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Advanced Wound Management Market Size, Top Leading Manufacturers with Share 2031

With increasing incidence of chronic wounds globally, Future Market Insights (FMI) projects the advanced wound management market to exceed US$ 6.5 Bn between 2021-2031.

In 2020, the unprecedented COVID-19 outbreak dampened sales in the advanced wound management market. However, with recovery of research and development initiatives focusing on solutions for optimal wound care, demand in the advanced wound management market will rise at a steady pace during the assessment period.

Incorporation of biomaterials such as alginates and silver in topical wound healing treatments will further drive sales. These developments are encouraging key market players to innovate effective advanced wound healing solutions.

Product developments in advanced wound dressing segment such as hydrogels, collagen, and hydrocolloids are on cards. Apart from these products, emergence of negative pressure wound therapy devices will boost sales in the market.

Besides this, government-backed initiatives such as public health insurance schemes in counties including the U.S., the U.K., and China will create lucrative growth opportunities in the advanced wound management market.

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Key Takeaways from the Advanced Wound Management Market Analysis

  • Advanced wound dressing is anticipated to dominate the product segment.
  • Based on application, chronic ulcers will witness increasing adoption of advanced wound management.
  • Hospitals, followed by clinics are expected to account for maximum market sales.
  • The U.S. is projected to witness high demand in the advanced wound management market, owing to increasing number of diabetic patients in the country.
  • The U.K. will emerge as a lucrative market with rapid product developments by leading players.
  • China will exhibit high demand for advanced wound management due to increasing incidence of chronic wounds and reimbursements for medical expenditure.
  • Advanced wound management market in India is expected to grow at a steady pace, owing to growing cases of road accidents and chronic wounds.

“Increasing research and development activities aimed at offering advanced wound healing devices and fast-track approvals for novel advanced wound management products are anticipated to propel sales in the market through 2031,” says the FMI analyst.

Growing investments in the healthcare sector, coupled with innovations in advanced wound management products are anticipated to positively shape demand in the upcoming years.

Competitive Landscape

As per FMI’s analysis, ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC. are among the leading players in the market, accounting for approximately 3/4th of the market share.

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Key players operating in the advanced wound management market are actively focusing on product innovations, strategic collaboration, mergers, acquisitions, and government approvals as a part of their growth strategies. For instance:

  • In July 2021, Ethicon Inc., a part of the Johnson & Johnson Medical Devices Company, announced the U.S. Food and Drug Administration (FDA) has granted Breakthrough Designation for the company’s transbronchial microwave ablation technology. The advanced technology uses robotic-assisted bronchoscopy for the treatment of debilitating diseases and conditions.
  • In July 2021, Illinois-based Medline Industries announced its plan to open a new distribution center worth US$ 100 Mn in the Katy area. The new distribution facility will bring the company’s total employee strength to around 375 employees.

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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T: +1-845-579-5705

Enquiries: sales@futuremarketinsights.com

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Aircraft Refurbishing Market Key Insights, Profiling Companies and Growth Strategies by 2031

A recent market research report by Future Market Insights (FMI) offers critical insights on the growth of aircraft refurbishing market for the forecast period of 2021 and 2031. The global aircraft refurbishing market is estimated to grow at a healthy CAGR of over 5% through the next decade, as suggested by the report forecast.

According to the study, demand for refurbished aircrafts was set to grow at a higher pace as per earlier projections, however, the Black Swan event of COVID-19 has led to a massive decline in uptake.

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According to the report, the global aircraft refurbishing market is expected to witness noteworthy growth over the forecast period, primarily driven by the increasing demand for upgradation of domestic cabins, particularly in North America and Western Europe, which is attributed to the increasing number of existing narrow body aircrafts within these regions.

The growth of the aircraft refurbishing market will remain primarily driven by the increasing demand for new business seats, mainly in airline companies that provide the short haul services. FMI’s analysis highlights that the demand for aircraft refurbishment has remained influenced by the expansion of refurbishment industry across developing economies, such as Middle Eastern countries, India, China, and many of the other Soviet Union republics.

Technological Innovations Driving Opportunities for Aircraft Refurbishing

In-Flight Entertainment System (IFES) components are integrated and repackaged consumer electronics. Given the small lifespan of consumer electronics, aircraft refurbishing becomes a mandatory process so that they stay ahead of system obsolescence and in-sync with consumer expectations.

As these technologies get outdated very frequently, there are opportunities in designing, developing, manufacturing, and installing customized inflight entertainment and communications (IFEC) solutions to keep pace with new technological innovations. For instance, Android mobile operating system is gaining popularity as a next generation in-flight entertainment and connectivity (IFEC) platform.

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Demand for Aircraft Refurbishing Growing in the Middle East

Robust growth in the upper-middle income group has paved way for strong passenger numbers with maximum growth expected in the APAC and Middle East regions. It is anticipated that the Asia Pacific region will witness almost half of the world’s air traffic growth in the next 20 years.

The aircraft refurbishing market is likely to witness global migration from west to east owing to lower costs. Amongst the new airport development projects that are under construction around the world, APAC encompasses over half of them, which opens huge opportunities for the airport support industry in the region.

Premium economy seats offer a significant upgrade from the economy experience without the high price of a business class fare. The segment offers a wide range of benefits including more comfortable and spacious seats, priority check-in and baggage delivery at the airport, and quality meals with complimentary bar services. In 2016, American Airlines became the first US carrier to offer a premium economy cabin, and today, this trend of increasing preference for premium economy section is gaining coherence across the globe.

Aircraft cabins have undergone significant changes over the past few decades in terms of features, functions, and equipment. Airlines use passenger cabins as presentation of their brand image and gain patronage by providing competitive features, comforts, and ambience. Aircraft cabin illumination is one of the most important piece of equipment that creates the ambience passengers look for during their journey.

Key Segment

Based on the aircraft type

  • large body aircraft
  • wide body aircraft
  • narrow body aircraft

Based on the refurbishing type

  • VIP cabin refurbishing
  • commercial cabin refurbishing

Based on the fitting type

  • retrofit
  • IFEC and lighting
  • passenger seats

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Global Aircraft Refurbishing Market: Key Vendor Insights

Some of the prominent players in the global aircraft refurbishing market are United Technology Corporation, SIA Engineering Co Ltd, Hong Kong Aircraft Engineering Company Limited, Gulfstream Aerospace, Ltd, JAMCO America, Sabreliner Aviation LLC Diehl Stiftung & Co. KG, Lufthansa Technik AG, SCI Cabin Interiors, and Jet Aviation AG. Tier-1 players are collaborating with regional/local companies to increase their aircraft refurbishing product portfolio, thus, gaining a competitive edge over their peers.

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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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
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Automotive Cabin Air Quality Sensors Market Competitor Analysis, Winning Strategies and Growth Drivers 2028

Escalating levels of air pollution, deteriorating air quality within automotive, and growing passenger awareness regarding safety, comfort, and overall in-car wellbeing has resulted in accelerated global adoption of automotive cabin air quality sensors. In addition to growing awareness, concerns regarding reduction of CO2 and particulate matters coupled with stringent government regulations are the primary drivers shaping the global automotive cabin air quality sensors market over the forecast period of 2018-2028.

A recently published intelligence outlook by Future Market Insights (FMI) projects stellar growth prospects for the global automotive cabin air quality sensors market at an estimated CAGR of 13.8% over the 10-year forecast period. Although, FMI predicts an exceptional market performance in terms of annual growth, the adoption of automotive cabin air quality sensors in terms of value, is projected to be extremely low, owing to some restraining factors being grey market presence, low replacement rate, commuters moving towards public transport, and lack of resources and technological awareness. According to FMI’s market research analysis, the low volume-high growth global automotive cabin air quality sensors market is projected to reach a market valuation of US$ 892,950.7 Thsnd by 2028 end.

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Worldwide Efforts to Curb Emission & Particulate Matters Would Lift Up Automotive Cabin Air Quality Sensors Endorsements

Unfavorable climate changes have pushed government authorities to place strict regulations on the emission of sulfur oxides, nitrogen oxide and particulate matters. Regulations such as the Paris Agreement, EPA Guidelines, and new emission standards set by the Chinese government to restrict the emission of VOCs (volatile organic components) are all likely to shape the future of global automotive cabin air quality sensors market.

Moreover, in regions such as North America, Western Europe and Japan, the demand for luxury cars has been increasing. With that, the governing bodies have implemented strict protocols to ensure the driver and passenger wellbeing, violating which, heavy penalties are levied. Research suggest that commuters spend almost 5.5% of their time in a closed vehicle, exposing themselves to over 20 harmful gases and particulate matters. Safe technologies such as automotive cabin air quality sensors would enhance the overall in-care experience.

Developing Countries to Create Growth Opportunities for Further Investments & Market Revenue

Recovering economic conditions in emerging economies has also pushed the automotive industry, which would further create public-private partnership opportunities in the coming years. Through partnerships and acquisitions, markets in emerging countries is projected to be a hotbed of opportunities for numerous foreign players to penetrate and solidify their market share in the regional markets. Moreover, increase in demand for mid-size cars and heating, ventilation, and air conditioning (HVAC) systems in passenger cars and commercial vehicles, in that receives commands from automotive cabin air quality sensors, will further drive-up the adoption, in the emerging markets. Within the passenger cars segment, SUV cars segment is expected to hold close to 39% market share throughout the assessment tenure, owing to expanding demand for automotive cabin air quality sensors in HVAC systems and air filters of a car cabins. Key players in the automotive cabin air quality sensors market are focusing on strategic alliances with domestic and overseas players to expand their product offering to regions that present increased consumption potential.

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Market segmentation

On the basis of vehicle type, the global automotive cabin air quality sensor market is segmented into

  • Passenger Cars
    • Compact Passenger Cars
    • Mid-Sized Passenger Cars
    • Luxury Passenger Cars
    • SUV
  • Commercial Vehicles
    • LCV (Light Commercial Vehicles)
    • HCV (Heavy Commercial Vehicles)

on the basis of regions, including

  • North America
  •  Latin America
  •  Western Europe
  •  Eastern Europe
  •  South East Asia and Pacific
  •  China
  •  India
  •  Japan
  •  Middle East and Africa.

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Technological Innovations & Advancements to Add Mobility to Automotive Cabin Air Quality Sensors Market

Key players, compelled by advancements in automation and research, are developing advanced sensor features to better equip commuters, and further accelerate the adoption automotive cabin air quality sensors. Technologies, such as SIFT-MS (Selected Ion Flow Tube Mass Spectrometry), which enables real-time detection of VOCs are gaining traction in the global automotive cabin air quality sensors market.

Economical sensor-integrated HVAC systems that are benefiting from advanced cabin comfort technologies—equipped with avant-garde detection features, are slated to create lucrative research and development opportunities in automotive cabin air quality sensors market.

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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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Air Transport MRO Market Key Players, Industry Overview, Applications and Analysis 2031

In a recent market study, ESOMAR-certified consulting firm Future Market Insights (FMI) projects the global air transport MRO market to reach US$ 72.6 Bn in 2021. With gradually increasing air travel and cargo transport rates, the market is poised to exhibit a 4.8% CAGR during the assessment period.

Sales of air transport MRO services witnessed a downturn in 2020 due to the travel restrictions imposed to contain the novel coronavirus outbreak. However, with resumptions in movement, the market experienced year-over-year growth by 5.0% between 2020 and 2021.

As the pandemic caused various airlines to park aircraft fleets for prolonged periods of time, the demand for air transport MRO services experienced upticks. This has created lucrative opportunities for players operating in the market.

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Apart from this, the emergence of connective technologies such as blockchain, cloud computing, and digital twins in aircraft maintenance will continue driving market growth during the forecast period. MRO service providers are benefitting from launching data-driven MRO solutions and the trend is anticipated to prevail in the forthcoming years.

As per FMI’s regional analysis, the U.S. is anticipated to dominate the North American air transport MRO market. Growth can be attributed to expansions in the aviation industry and stringent government regulations mandating the timely inspection of aircraft for maintenance. Additionally, the presence of leading MRO service providers and OEMs will continue driving developments in the air transport MRO market.

“Product developments by OEMs in collaboration with MRO service providers, coupled with expansion of the aviation industry in emerging economies will continue augmenting market growth through 2031,” says the FMI analyst.

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Key Takeaways:

  • Applications of air transport MRO in the engine segment are estimated to remain high through 2031.
  • Based on aircraft type, narrow-body aircraft will dominate the segment.
  • The U.S. is anticipated to experience high demand for air transport MRO services, owing to the presence of leading players and a vast military and commercial aviation fleet. The North American air transport MRO market is projected to grow at a 4.5% CAGR.
  • The U.K. will emerge as a lucrative market, owing to growing demand for MRO services in the VIP and private jet sectors. The European market is poised to expand at a 4.0% CAGR.
  • Demand for air transport MRO will rise at a positive pace in China, due to the addition of new airlines and aircraft fleets.
  • Japan and South Korea will collectively account for 4.8% of the total market share.

AAR Corporation, Air France Industries KLM Engineering & Maintenance, Delta TechOps (Delta Corporation Ltd, Hong Kong Aircraft Engineering Company (HAECO) Ltd, Lufthansa Technik AG, Turkish Technic Inc., Singapore Technologies Engineering Ltd, Guangzhou Aircraft Maintenance Engineering Company Limited, Sabena Technics, Aeroman, Airbus SAS, and SIA Engineering Company (SIAEC) are among the air transport MRO market players, as profiled by FMI.

Top 5 players comprise Hong Kong Aircraft Engineering Company Limited, Singapore Technologies Engineering Ltd, Air France–KLM, AAR Corp., and Lufthansa Technik AG, holding 11% of the total market share.

As a part of their growth strategies, prominent players operating in the global air transport MRO market are concentrating on mergers, collaborations, and acquisitions to expand their global footprint. For instance:

  • In May 2021, Lufthansa Technik and Airbus teamed up to offer customers with a reversible cargo-in-cabin solution to satisfy urgent flying and transport requirements easily.
  • In June 2021, Turkish Technic and Boeing announced the renewal of their tailored package parts agreement, extending the MRO service providers’ contract by three years. The contact will allow Turkish Technic to reinforce its reliability, efficiency, and access to a global market of parts and component services.

Air transport MRO Market by Category

By Application Type: 

  • Airframe
  • Engine
  • Component
  • Line

By Aircraft Type:

  • Narrow Body Aircraft
  • Wide-Body Aircraft
  • Regional Jet
  • Turbo Prop

By Region: 

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)

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Key Points Covered in Air Transport MRO Market Survey

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

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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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Fluid Transfer Solutions Market Global Industry Size, Share, Growth, Trends, 10 Company Profiles and 2031 Future Analysis

Fluid Transfer Solutions Market Overview

According to the latest research by Future Market Insights, the Fluid transfer solutions market is set to witness a growth of 5% and 7% during 2021-2031.

Fluid transfer process is considered one of the critical steps in manufacturing processes and takes place routinely in the field of medical, biopharmaceutical or cell therapy industries.

As it involves careful transfer of fluids under sterile conditions, different types of fluid transfer can be achieved on the basis on intended applications and the industry where it is used. Demand for Fluid transfer solutions is expected to witness an optimistic growth outlook in the long run.

What is Driving the Demand for Fluid Transfer Solutions Market

Continuous research activities for the development of newer treatments, growth in pharmaceutical industry producing new vaccines and cell and gene therapy processing industries can be seen using the aseptic transfer of materials in their processes, from small scale to large scale, thus driving the demand for fluid transfer solutions market.

Aseptic transfer of cell and fluid material requires different equipment or devices depending on various product and processes, and as per the industry.

On the basis of this, there are single-use or disposable fluid transfer products and customized fluid transfer products offered by different companies, made of different material such as poly vinyl chloride (PVC) or silicone or stainless steel.

Application of Fluid transfer solutions varies as per the industry such as in medical industry- Poly Vinyl Chloride (PVC) are used for tubing purpose such as in blood bags, IV and fluid transfer sets, dialysis bags and IV containers. While in biopharmaceutical industry, applications includes single use systems, peristaltic pumps, upstream and downstream and fill and finish processes.

Benefits from single use fluid transfer systems can be seen in terms of facility design, validation and investment along with reduced risk of cross contamination, faster turn-around time and improved process connectivity.

The single use systems are thus considered to be driving the market for fluid transfer solutions in the forecast period.

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Which Factors are likely to Augment the Growth of the Fluid Transfer Solutions Market

The wide range of fluid transfer products from simple tubing to complex mixing solutions available in the market is expected to augment the growth of fluid transfer solutions market during the forecast period.

This includes single use systems (for sampling, small volume transfer tubes), custom sampling solutions, various filtration and transferring assemblies, multibag mixing systems and bottle manifolds.

Continuous focus on development of innovative approaches to handle fluid solutions, increased level of automation and commercialization of new technologies are being undertaken by many companies serving this field. This will lead to the growth of the market in the forecast period.

North America Fluid Transfer Solutions Market Outlook

North America market growth is largely driven by advanced healthcare infrastructure and growing healthcare driven research and development.

As per the recent report by National Institutes of Health (NIH), the NIH invests nearly $41 Bn in the field of medical research annually, more than 80% of which is funded to the research institutions and medical schools, while the rest support independent projects in USA.

Investment pertaining to clinical researches in medical industry by many private and government organization have been increased in recent times. Thereby growing the demand for aseptic transfer of materials and drugs under sterile conditions, which is likely to boost the fluid transfer solutions market in this region during the forecast period.

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Europe Demand Outlook for Fluid Transfer Solutions

Europe is anticipated to be the second largest market for fluid transfer solutions. Growing research and development activities to develop better treatment, new and improved vaccines, leading to innovative aseptic fluid handling approaches and products and the presence of key market players, in the European region will facilitate the growth of the market in the forecasted period.

Who are the key Manufacturers and Suppliers of the Fluid Transfer Solutions

Some of the key players of Fluid transfer solutions include

  • Thermo Fisher Scientific
  • Charter Medical
  • Watson Marlow Fluid Technology Group,
  • Avantor Inc
  • DuPont
  • Saint-Gobain Performance Plastics
  • Cellon
  • Pall Corporation
  • Sartorius AG
  • Getinge AB
  • Central Research Laboratories
  • Beckman Coulter Inc and others.

Companies offering Fluid transfer solutions are involved in existing product upgrades, new product launches, mergers and collaborations to enhance their market position.

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.

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Key Segments

By Applications:

  • Standard/ Single Use fluid transfer systems
  • Customized/ Multiple use fluid transfer systems

By End User:

  • Medical industry
  • Biopharmaceutical industry
  • Cell and Gene therapy industry

By Region:

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

About FMI:

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

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Air Suspension Systems Market Trends, Growth, Future Demand, Analysis and Forecast by 2031

Future Market Insights (FMI) in its latest market analysis estimates that air suspension systems sales will accelerate at the rate of 6.7% CAGR in next ten years, reaching market valuation of US$ 4.6 Bn through 2021 & beyond.

Growing application of heavy trucks for construction activities, logistic and e-commerce industries across China, the U.K., Germany and Japan will bolster the demand of air suspension systems across the globe.

As per the FMI’s analysis, the air suspension systems sales across South Korea and Japan are set to expand at over 4% in 2021. Heavy trucks are anticipated to account for over 54.1% volume share in 2021. Further, trailers segment is estimated to have accounted for nearly 32.1% volume share by the end of 2021.

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Sustainability concerns have pushed the adoption of electric vehicles, accelerating the demand of electric buses as public transport across the globe. Hence, with increasing production of commercial vehicles, the market is expected to propel over the coming years.

FMI estimates that the air suspension systems market will experience a year-on-year growth rate of 5.6% in 2021.

Amid surging competition, the top five players, comprising Saf-Holland, Hendrickson USA LLC, BPW Group, Guangdong Fuwa Engineering Group Co., Ltd., and TMC Australia are expected to account for 40% of air suspension systems market in 2021

Key Takeaways from FMI’s Air Suspension Systems Market Study

  • In terms of vehicle type, heavy truck will lead the segment through 2021 & beyond on the back of increasing construction activities across Germany, the U.S., and China
  • OEMs are expected to be the preferred sales channel over the aftermarket players, accounting for over 86.4% value share in 2021
  • Germany is anticipated to spearhead the growth across Western Europe owing to the surging commercial vehicle production across the country
  • The U.S is accounted to be one of the most lucrative market across the globe with increasing demand for luxury buses
  • India and China will lead the growth of air suspension systems across South & East Asia during the forecast period
  • U.K. will emerge as a highly lucrative market across Europe owing to the increasing construction activities and surge in production of heavy duty vehicles

 “Increasing demand for luxury buses across the globe, especially within Germany, China and India, coupled with expansion of construction industry will propel the demand of air suspension systems, widening growth opportunities for the market players,” says the FMI analyst. 

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Competitive Landscape

Prominent players operating in air suspension systems market are focusing on expansion of their customer base through product innovation and new launches.

Increasing need for air suspension systems have urged the key players to form strategic alliance with regional distributors. Partnerships with suppliers and aftermarket players will provide incremental opportunities for the key players.

In January 2021, air suspension specialist, Air Lift Company, announced the acquisition of air tank manufacturer Flo Airride Mfg., Flo Airride. Through this acquisition, Air Lift Company will provide air suspension products to lower their vehicles along with the customization of the product.

Tenneco Inc., a global supplier of clean air products and systems, in 2018, announced the launch of CVSA2 semi-active suspension technology, Monroe® Intelligent Suspension, originally developed for the use of sports car, have been adopted for the SUVs and off-road vehicles.

Air Suspension Systems Market by Category

By Vehicle Type:

  • Buses & Coaches
  • Trailers
  • Heavy Trucks

By Sales Channel:

  • OEM
    • Electronic Operated Systems
    • Non Electronic Operated Systems
  • Aftermarkets
    • System
    • Components

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • South East Asia
  • China
  • India
  • Japan
  • Middle East and Africa (MEA)

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Key Points Covered in Air Suspension Systems Market Study

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

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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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Retread Tire Market Size, Share, Growth Trends, and Forecast Analysis to 2031

As per a study by Future Market Insights (FMI), the global retread tire sales is estimated to be valued at ~US$ 8.8 Bn in 2021. The increase in average miles driven and growing vehicles parc will drive the tire aftermarket, subsequently fuelling the demand for retreading tires.

Despite negative perceptions around retread tires, they continue remain a highly popular category within automotive aftermarket. Increasing focus on sustainable ways of maintaining cars and curbing vehicular pollution and automotive waste will bode well for the market. Besides this, economical pricing of retread tires have made them a top choice among a large section of vehicle owners.

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According to the report, increasing automobile ownership will remain a chief driver. Besides this the demand for heavy commercial vehicle is expected to rise in response to the expansion of various industries, which will continue supporting the growth of the market.

Commercial vehicles often find application in construction and mining activities. Logistics sector too exhibit high demand for commercial vehicles. It might not be a feasible choice for the industries to frequently replace older vehicles with new ones. With an aim of capping environmental impact of vehicle waste and saving resources, an increasing number of industries are opting for aftermarket services.

Higher focus on maintaining commercial vehicles for a longer period of time will boosting retread tires sales. The report has predicted the heavy commercial vehicles to account for over 44% of sales registered in the market.

Key Takeaways from Study

  •  After registering considerable drop in sales amid COVID-19, the retread tire market will bounce back, exhibiting 4.7% CAGR between 2021 and 2031
  • The U.S. is expected to account for over 78% of retread tires sales in North America, thanks to rising demand for HCVs across various industries
  • With vehicle sales picking up, the U.K. retread tire market will register 3.4% Y-o-Y growth in 2021
  • Increasing vehicle production to continue supporting retread tire market growth in Germany and France
  • Favorable policies aimed at reducing automotive waste to support expansion in China

“Retread tire sales are picking up in response to higher focus on maintaining vehicles. While focus on maintenance remains high among heavy commercial vehicle owners, retread tires are gradually making inroads into off road vehicle segment. To capitalize on these opportunities manufacturers are likely to focus on expanding their footprint around the world,” said a lead analyst at FMI.

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Retread tire Market

By Vehicle Type

  • Passenger cars
  • LCV
  • HCV
  • Off-Road Vehicle

By Process

  • Pre-cure
  • Mold cure

By Sales Channel

  • OEM
  • Independent Service Provider

By Region

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

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Competitive Landscape

Some of the leading players in the market Bridgestone Corporation, The Goodyear Tire & Rubber Company, JK Tyres, Michelin, Continental AG, MRF, Yokohama Rubber Company, Carloni Tires, and Nokian Tyres. With price competition getting fiercer, these companies are adopting unique strategies to establish their brand awareness.

For instance, in 2019, Bridgestone Americas, Inc. announced an industry-wide campaign to educate small to medium fleet owners about the benefits of retread.

In 2018, TravelCenters expanded their commercial tire services to professional drivers with the acquisition of a commercial tire retread plant.

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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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Automotive Composites Market Brief Forecast and Analysis by Top Key Players to 2029

Sales of automotive composites are directly correlated to automotive production and vehicle parc. Despite fluctuating economic conditions in the recent past, on an average, the global automotive market has observed reasonable growth. Efforts to reduce the weight of vehicular components will increase, thereby providing substantial opportunities for the growth of automotive composites market.

The market for automotive composites is predicted to grow from its current value of US$ 8.17 billion in 2021 to US$ 12.35 billion by 2029, registering a CAGR of more than 5.30 percent over the forecast period (2022-2029). Around 8.2% of sales in the global composites market are anticipated to come from the automotive composites sector.

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Key Takeaways from Global Automotive Composites Market

  • Glass fiber has been observed to be the most preferred composite material in the automotive industry, owing to low cost and high structural strength.
  • Demand for high-performance automotive vehicles is increasing across the globe, along with the growing demand for emission control. As a result, manufacturers are focusing on using advanced composite materials due to the high temperature generating components that are required.
  • The demand for passenger cars has seen a surge in regions such as India and China. This is expected to further increase the demand for automotive composites in the coming years.
  • Natural fibers are also gaining popularity in the designing and manufacturing of door panels, seat backs, bolsters, and load floor, among others.
  • Most automakers have started to position and re-brand their respective car models with aesthetic and stylish interior features, which demands the increased adoption of lightweight automotive composites.

While the demand for automotive composites is primarily driven by elevated automotive production, the trend of lightweight components in the aftermarket will further increase inclination towards automotive composites.

Automotive Composites Market Participants

The market for automotive composite has remained competitive, with the presence of giant players with expertise in advanced manufacturing technologies. In order to sustain in the global automotive composites market in the long run, product development is the key growth strategy being adopted by market participants. Launching advanced products that provide numerous operational benefits, and at the same time complying with existing emission norms and other regulations in the market, will help market players maintain product differentiation and strengthen their presence in the global automotive composites market.

Some of the key participants mentioned in the automotive composites market report are Mitsubishi Chemical, Teijin Limited, SGL Carbon SE, Solvay Group (Cytec Solvay Group), and Holding Toray Industries Inc.

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AUTOMOTIVE COMPOSITES MARKET TAXONOMY

The global automotive composites market is segmented into five segments in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

Material

  • Glass Fiber Composite
  • Natural Fiber Composite
  • Carbon Fiber Composite
  • Aramid Fiber Composite
  • Others

Resin

  • Thermoplastic
  • Thermoset

Application

  • Interior
  • Exterior
  • Underbody
  • Chassis
  • Power Train
  • Engine Components

Vehicle Type

  • Passenger Cars
    • Compact
    • Mid-size
    • Luxury
    • SUVs
  • LCVs
  • HCVs
    • Straight Trucks
    • Dump Trucks/Garbage Trucks
    • Semi-trailers
    • Fire Trucks
    • Others
  • Agricultural
    • Tractors
    • Tillers
    • Rotavators
    • Harvesters
    • Threshers

Agricultural

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • MEA
  • China
  • Japan
  • India

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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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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