Market Research Blog – Page 11197 – New Product Development

South Asia Vibrating Screen Market Is Projected To Hold Approximately 11.5% Of The Market Share In 2022 | FMI

Sales in the global vibrating screen market are slated to top US$ 1.37 Bn in 2022. Expanding at a healthy 7.6% CAGR, the market size is projected to total US$ 2.3 Bn by 2028.

The polyurethane vibrating screens assure noise-abated operations as they have a high vibration-absorbance. They offer screening processes with an efficacy of about 2-5 times that of the usual vibrating screen and load-handling capacity of about twice that of a rubber sieve.

Vibrating screens made of polyurethane materials are ideal for grading, dehydration and processing of coal, iron ore, gold and other minerals on account of their ability to separate most of the materials from coarse stones to granular materials, making them a perfect fit for both dry and wet materials.

Further, various industries such as, wood processing, construction aggregate, recycling, and iron and steel producing, are cherry-picking polyurethane vibrating screens owing to their high durability.

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However, the demands for vibrating screens is set to tumble slightly in the upcoming years due to their long life-cycle, requiring lesser maintenance, and high capital investments. Additionally, fatal accidents happening at mining sites resulting in huge number of morbidities are compelling miners to drop out from mining exploration activities, which will impede the growth of the vibrating screen market.

Upswing in mining processes to suffice the requirement for precious metals and hard rock minerals as well as in construction activities to build infrastructure assets is the messiah of pain points of the global vibrating screen market, suggests FMI. On the contrary, the growth trail will get hindered by tumbling mining operations on grounds of environmental amendments to curb carbon footprint and high attrition rate among miners due to on-site adversaries.

Vibrating screens have been hitting the mark with innovations over the years as sieving equipment in grading and screening of the required material, which would have been otherwise impossible. FMI’s study suggests that major market players are including add-ons to the existing and new equipment for better screening efficacy and elongated life-cycle.

Demand for Circular Vibrating Screens in Mining Industry to See an Upturn

Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.

On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.

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Manufacturers showing Stauncher Inclination toward Direct Drive System

As per the FMI’ report, adoption of direct drive system in vibrating screen accounts for more than 50% of the market revenues owing to the absence of gearboxes and belts in the design, which results in lesser wear and tear between the components. The direct drive system is cost-efficient as the moving parts in the operation and framework are less complicated. For noise abatement, the direct drive system comes up with simple arrangement and lesser moving components which may vibrate during mechanism.

Furthermore, the reduced number of kinetic parts prevent easy loss of energy due to friction, enabling better efficacy, improved accuracy and increased life-cycle of the vibrating screen components. The indirect drive system, on the other hand, is subjected to friction between constituents including, gears, couplers, and pulleys, implying decreased efficiency and precision.

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Europe Retail Printers Market Is Projected To Generate About 25.8% Of The Share In 2022

As per this research report, the global retail printers market is expected to grow at a robust CAGR during the period of assessment and is projected to reach a market value of nearly US$ 5,000 Mn by 2026. Future Market Insights presents a new research report titled ‘Retail Printers Market’ that includes an analysis of the various segments of this market across the important regions in the world.

The present-day retail environment is both brimming with huge possibilities and poses many challenges as well. As they move towards shifting to an omnichannel platform that gathers steam in retail, customers have become increasingly demanding and the competition in the retail landscape is stiff.

In order to streamline the functions of any retail outlet, retailers have to focus on replenishment and seamless deliveries in order to make the experience of their customers in the store smooth and satisfactory.

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As the competition in the retail sector is becoming more and more intense, retailers are concentrating on offering a personalized experience to their customers which streamlines their activity in the store and offers them a pleasant experience, thus keeping their loyalty and increasing store footfalls. Because of the installation of printers in retail stores, retailers can offer their customers a variety of customer-centric campaigns, such as giving them discount vouchers along with their bills.

Such printing terminals also enable retailers to offer various loyalty programs to their customers, increasing the frequency of customer visits and subsequently, the sales and revenue margins. Also, by streamlining their operations, retailers can switch over to the omnichannel platform, giving their customers more options and enabling them to buy products from their stores through a variety of channels. This helps retailers fulfill the high expectations of their customers, helping them expand their business and offer a happy and unforgettable experience to their customers.

Market Taxonomy

The market taxonomy of the global retail printers market is presented to give a holistic picture of this market and ensure that all the segments and sub-segments of this market are properly represented. This market taxonomy also helps the report readers acquire a logical interpretation of the market numbers presented in this report.

Global Retail Printers Market: Segmentation Insights

The global retail printers market is segmented based on product type, technology, application, and region.

By-product type, mobile printers are the largest sub-segment in terms of value and are expected to exhibit a CAGR of 6.9% during the assessment period of 2017-2026
By technology, the direct transfer paper printer sub-segment is the largest sub-segment in terms of value, and is likely to be valued at nearly US$ 2,000 Mn at the end of the year 2026 and is poised to exhibit a CAGR of 7.3% during the assessment period
By application, the supermarkets sub-segment is the largest in terms of value and is likely to exhibit a CAGR of 6.7% during the period of assessment
By region, North America is expected to lead the global retail printers market in terms of revenue, exhibiting a CAGR of 6.5% during the period of assessment

Mobile printers sub-segment to dominate the product type category in the global retail printers market

The mobile printers sub-segment in the product type category is expected to exhibit a robust growth rate and register a CAGR Of 6.9% during the period of assessment. This segment is highly attractive in the product type category in the global retail printers’ market. As per the assessment of Future Market Insights, the mobile printers sub-segment is poised to reach a value of nearly US$ 2,050 Mn at the end of the year 2026.

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Global Retail Printers Market: Competitive Landscape
The research report on the global retail printers market has an entire section devoted to studying the competitive landscape of this market in which the key players operating in the market are profiled. This section also has important information about these companies, such as the company overview, key financials, geographical reach, SWOT analysis, key strategies, etc. The companies that have been profiled in this research report include Honeywell International, Inc., Postek Electronics Co., Ltd., Avery Dennison Corporation, Zebra Technologies Corporation, Oki Electric Industry Co., Ltd., TSC Auto Id Technology Co., Ltd., Toshiba TEC Corporation, Brother Industries, Ltd., Star Micronics Co., Ltd. and SATO Holdings Corporation.

Lamella Clarifier Market Niche And Potential Segments And Regions Of The Market That Exhibit Lucrative Growth Opportunities

A lamella clarifier is a type of settler designed to remove particulates from liquids. It is often used in primary water treatment in place of conventional settling tanks. The global lamella clarifier market is expected to grow at a CAGR of 4.1% during the forecast period. The report also suggests that there is a strong focus on research and development activities to introduce a new range of lamella clarifiers while maintaining the quality and efficiency of the product.

The working principle of a Lamella Clarifier is based on settling under gravity, which provides a series of inclined plates to give a large projected surface area with a comparatively smaller footprint than other types of clarifiers (circular and rectangular). Lamella Clarifiers find application in various end-use industries such as paper and pulp, food and beverage etc.

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Future Market Insights’ new report gives a clear overview of the global lamella clarifier market. The report is titled ‘Lamella Clarifier Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’. The report depicts the overall performance of the market and an individual analysis of the various segments. According to the report, the global market is expected to hold a value of over US$ 420 Mn in 2017, reaching a valuation in excess of US$ 620 Mn by the end of 2027.

Global Lamella Clarifier Market: Dynamics

A lot of factors are responsible for influencing the growth of the global lamella clarifier market. One of the major factors contributing to the growth of market is a rapid industrialisation and urbanisation across the globe that have helped the market improve in a lot of ways including technologically. Also the increase in the number of industries all over the world have helped fuel the application of lamella clarifiers, in turn helping the global lamella clarifier market to witness steady growth.

However the market is expected to face certain restraints as the increase in the number of industries is likely to magnify the competition levels in the global market and therefore, may narrow the profit margin of the companies. There is also an increase in demand for used clarifiers, which has limited the demand for new lamella clarifiers and this can restrict the revenue growth of the global lamella clarifier market.

Global Lamella Clarifier Market: Segmental Highlights

To give the research a holistic view, the global lamella clarifier market is segmented on the basis of application and region. On the basis of application the segments include industrial segment and municipal segment. On the basis of region, North America, Latin America, APEJ, Western Europe, Eastern Europe, MEA, Japan are studied in this report.

Here are some key highlights from the analysis of these segments:

Among the application segments, industrial segment is expected to lead the market with a market value of over US$ 260 Mn in 2017. This includes the chemical and fertilizer segment as the maximum contributing sub-segment with a market share of over US$ 52 Mn in 2017.

Among the regions, Asia Pacific excluding Japan is expected to hold the maximum value in the global market of over US$ 130 Mn in 2017, growing at a CAGR of 3.9% during the forecast period. However in terms of CAGR, North America dominates the global market with a CAGR of 4.8% during the forecast period.

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Global Lamella Clarifier Market: Competitive Dynamics

The research report by FMI, also consists of a section on the competitive scenario of the global market, which highlights the complete profiles of the leading companies in the market. Some of the top companies mentioned in the report are Metso Corporation, Westech Engineering Inc., Ion Exchange (India) Ltd, ENEXIO Germany GmbH, Aes Arabia Ltd, Parkson Corporation, Nordic Water Products AB, Jorsun etc.

World Environment Testing, Inspection, And Certification Market Is Expected To Grow 6.2% By 2026 End | Future Market Insights Inc.

Future Market Insights states that the global market environment testing, inspection, and certification is projected to reflect a healthy CAGR over the forecast period, 2017-2026. The global environment testing, inspection, and certification market is primarily supported by macroeconomic and microeconomic factors.

With a growing need to deliver products that meet stringent government standards and regulations, the global market for environmental testing, inspection, and certification services is heating up.

Moreover, the surge in consumption of various goods particularly in the developing countries has further contributed to the global market growth of environment testing, inspection, and certification.

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Growing need to ensure compliance with the product quality and safety has led to an upsurge in demand for environment inspection, testing, and certification services. In addition, rising instances of counterfeiting and piracy activities are projected to impact the global market growth of environment testing, inspection, and certification positively.

Leading companies in the global market are focusing on outsourcing services for testing, certification and inspection of the product. With the increasing imposition of the stringent regulations by the government, conducting internal tests continues to remain comparatively costly.

Services for inspection, testing, and certification services continue to witness a surge in demand among third-party retailers for various applications inclusive of consumer goods and manufacturing.

Agriculture Industry to Represent a Leading Segment

Growing need to ensure safety and premium quality of the products has led the manufacturers to opt for testing products globally. On the basis of product type, the testing segment is expected to represent the highest revenue share, accounting for a value of over US$ 1,000 Mn by the end of 2017. The certification product type segment is expected to witness a robust CAGR in the global market throughout the forecast period.

Based on end user, the agriculture industry segment is expected to generate significant revenues, recording a value of over US$ 1,000 Mn by the end of 2026. In contrary to this, the industrial product manufacturer product type segment is expected to register the highest CAGR during the forecast period.

By sample type, the water testing segment is expected to witness robust revenue growth, representing a value of over US$ 600 Mn by the end of 2017. However, the waste testing sample type segment is expected to witness a healthy CAGR through 2026.

Based on the test type, the toxins segment is expected to generate significant revenues, recording a value of over US$ 800 Mn by the end of 2026. On the other hand, the physical properties test type segment is expected to register an impressive CAGR during the forecast period.

Sales through Testing Products Remain High

By test type, the toxins segment is projected to generate significant revenues, representing for more than US$ 800 Mn by 2026-end. In contrary to this, the physical properties test type segment is projected to reflect a healthy CAGR in the global market through 2026. During the forecast period, the water testing sample type segment is projected to represent the highest revenue growth, recording more than US$ 600 Mn by 2017-end. In contrast, the waste testing sample type segment is projected to reflect a strong CAGR throughout the forecast period.

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The growing need for premium quality and safe products has led to an upsurge in demand for testing the products among organizations and manufacturers globally. Based on product type, the testing segment is projected to witness significant revenue growth, representing more than US$ 1,000 Mn by 2017-end. In contrast, the certification product type segment is projected to register a robust CAGR throughout 2026. On the basis of end-user, the agriculture industry segment is projected to represent the highest revenue growth, accounting for more than US$ 1,000 Mn by 2026-end. However, the industrial product manufacturer product type segment is projected to reflect a healthy CAGR over the forecast period.

Market Players

Intertek Group, SGS SA, Yara International ASA, Bureau Veritas, Assure Quality, ALS Ltd, SCS Global, Exova Group, APAL Agriculture, RJ Hills Laboratories, Eurofins Scientific, TUV Nord AG, Danaher, GE Healthcare and Life sciences, SAI Global Limited, Agrolab Group, HRL Holdings Ltd, Cawood Scientific, SESL Australia and EnviroLab.

Bulk Terminals Market Strategies Being Used By Major Players And The Product Portfolio Offered

Analysts at Future Market Insights (FMI) have estimated that global minor bulk traded has expanded up to 1.74 billion tons. Bulk terminals play instrumental role in industrial infrastructure, wherein they ensure safe and efficient movement of critical resources. Despite current downturns in global seaborne trade due to COVID-19 pandemic, the global minor bulk trade has expanded considerably.

According to the FMI report, steel and forest products account for 43 percent of minor bulk trade. Furthermore, metals and minerals have captured around 37%, followed by agricultural products, which account for 20% of minor bulk trade.

Dynamic markets that drive raw material demand necessitate operators and owners supplementing the effectiveness and flexibility of their high-investment bulk assets. Advanced supply chains emphasise the long-term penetration of the digital ecosystem and the automation of manufacturing methods.

Agricultural yield is concentrated primarily in countries such as the United States, Argentina, Brazil, China, and India, which account for more than 34 percent of export and import of several grains as minor bulk commodities.

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Bulk Terminals Market Size Study

Sales of bulk terminals to remain stable over forecast period, 2020-2030
Dry bulk continues to generate greater total returns to shareholders (TRS)
Nearly 190 terminals were under expansion worldwide in June 2019, with additional 49 under construction
Markets in Europe and North America to generate relevant value through 2030

“Majority of global trades are performed through coastal routes, as such, proper functioning of maritime transport is quintessential in overall progress of countries participating in global trade. Port operation accents for heavy investments in manpower and equipment. Consequently, various countries are embracing Public-Private Partnership (PPP), wherein operations and management duties are outsourced to private firms, while respective governments own certain land and assets,” says analyst at FMI.

COVID-19 Impact on Bulk Terminals Market

Due to strict lockdown measures, the COVID-19 pandemic is causing massive supply chain disruptions in the bulk terminals market, particularly in Asian supplier regions. Such stringent measures have resulted in a labour shortage – truck drivers and labourers – at port terminals.

Furthermore, the market is suffering from a lack of transportation facilities such as. According to studies, the number of trucks and containers dropped by about half due to a decrease in the number of trailers and a lack of drivers. This has slowed transshipment operations at terminals even more.

Because of growing concerns about worker safety, several end-use industrial operators have temporarily halted manufacturing processes, reducing demand for bulk terminals. Upgrading automation capabilities will be critical for staying afloat during the COVID-19 crisis.

Bulk Terminals Market – Competitive Intelligence

Leading players in global bulk terminals market are focused on inorganic growth strategies such as mergers and acquisitions (M&A) as well as contracts in order to boost theor market presence. Case in point,

Ultramar Group has entered into transshipment collaboration with Acron Group to transship over 1.2 million tons per year (tpy) of mineral fertilizers.
Noatum Maritime has taken over multi-purpose bulk terminal business from Noatum Ports.
Teck Resources and Westshore Terminals have entered into an agreement for new throughput contract for export of metallurgical coal beginning in April 2021. The contract will witness 5-7 million mt of metallurgical coal exported from April through December 2021.

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To Know More About Bulk Terminals Market:

A new market research report published by Future Market Insights (FMI) on the global bulk terminals market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the bulk terminals market through two different segments – bulk type, and region. The bulk terminals market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of barcode printers and product adoption across several end-use industries.

Global Conveyor Belts Market Are Lightweight Segment Is Projected To Exhibit The Highest CAGR Of 5.0% By 2026 End, FMI

Conveyor belts are primarily employed for carrying objects from one point to another. Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is mainly attributed to various factors, regarding which FMI offers detailed insights in its report.

The material to be transported is placed on the belt and is carried to the end point on the belt. The two main industrial classes of belt conveyors are general material handling and bulk material handling. General material handling are those used to move boxes along inside a factory while bulk material handling are used to transport large volumes of resources and agricultural materials such as grain, salt, coal, ore and sand.

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Market Segmentation

On the basis of product type, Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts. Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belts. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period.

On the basis of application, Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry; among these, mining segment has been estimated to account for value share of 22.9% in 2015.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight; among these, medium-weight segment has been estimated to account for value share of 49% in 2015, which is projected to increase to 49.5% by 2026. In Middle East conveyor belts market, lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

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Key PlayersKey players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding, Ziligen A.S., Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which include conveyor belt manufacturing, service and maintenance.

Marine Fuel Injection System Market to Witness a Healthy Growth by 2029

Future Market Insights has recently published a new market research study on the marine fuel injection system market that contains global industry analysis during 2017–2021 and opportunity assessment during 2022–2029.The report investigates the marine fuel injection system market and provides critical insights for the forecast period of 2022-2029. As per the key findings of the report, the global marine fuel injection system market is expected to witness considerable growth in upcoming years due to the steady expansion of vessel fleet as well as regulations imposed by International Maritime Organization towards improving the efficiency of new ships.

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The global marine fuel injection system market is likely to be valued at ~US$ 5,373.5 Mn in 2022, and is projected to increase at a CAGR of ~3.6% during the projected period of 2022-2029. This growth is expected to be mainly driven by increasing trade opportunities for crucial countries with prominent shipbuilding industries. Advanced fuel efficient technology is adding to the benefits of the marine fuel injection system market.

Increase in Global Maritime Tourism to Fuel the Market Growth

With the increasing disposable income, there has been noteworthy growth in the tourism in the recent past. Recreational water sports attract a paramount segment of people and growing traction of people towards it has been significant. Activities, such as yachting, kite surfing, and water skiing is expected to upsurge the marine tourism. The demand for new ships has increased owing to the growth in maritime tourism, which will ultimately boost the marine fuel injection system market in the near future.

Increasing fuel injection pressure in marine vessels lead to the increased rate of wear and tear property. To improve the combustion efficiency of an engine, high injection pressure is required. There has been increased demand for high pressure fuel injectors. However, increased fuel injection pressure has amplified the stress applied on the fuel injector as well as on the other parts of the fuel injection system, including a fuel pump and high pressure lines. This might lead to the increased rate of replacement and reconditioning of fuel injection system in marine vessels, contributing to the growth of the aftermarket sales channel.

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Growth in Regional Shipbuilding Industries

China, in the APEJ region and Japan has maintained slow but steady pace in the ship building industry in terms of growth. Whereas, in South Korea, the industry faced sharp downturn due to overcapacity and weak financial performance of prominent players in the marine fuel injection systemmarket. This, in turn, significantly affected the OEM demand for marine fuel injection systems. However, there has been a notable increase in the demand for new ships creating a healthy environment for the shipbuilding industry in the region to recover.

Marine Fuel Injection System Market: Taxonomy

Sales Channel

OEM
Aftermarket

Engine Capacity

Up to 2000 HP
2000 – 10,000 HP
10,000 – 20,000 HP
20,000 – 50,000 HP
50,000 – 80,000 HP
Above 80,000 HP

Application

Service Vessels
Passenger Vessels
Cargo Carriers
Fishing Vessels
Personal Watercrafts & Sailboats
Others

Engine Type

2 Stroke
4 Stroke

Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
MEA
Japan

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Marine Fuel Injection System Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global marine fuel injection system market. Few examples of key players in the marine fuel injection system market areCummins Inc., Liebherr International AG, Robert Bosch GmbH, Caterpillar Inc., Yanmar Co. Ltd., Suzuki Motor Corporation, v, MAN SE, DENSO Corporation, Rolls-Royce Power Systems AG, OMT – Officine Meccaniche Torino SpA, Woodward, Inc., and Heinzmann GmbH & Co. KG, among others.The global marine fuel injection system market is considered to be significantly fragmented one. Global players falling under tier-1 category accounts for ~25% of the overall market share, whereas medium-sized and small-sized players are expected to be prominent in the global marine fuel injection system market.

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Automatic Tire Inflation System Market to Witness Stunning Growth by 2031

The automatic tire inflation system industry has been exhibiting steady growth since the past decade owing to the rise in requirement in utility vehicles, tractors, and heavy commercial vehicles (HCV). While the outbreak of the COVID-19 pandemic took a toll on the industry output due to the decline in automotive sector, the recovery has started since the last quarter of 2020. With the increase in investment on research & development (R&D) activities by manufacturers, and the key sales channels getting back on track, automatic tire inflation system industry is subject to significant growth in the coming years.

The latest revised edition of the report on ‘automatic tire inflation system’ market study by Future Market Insights (FMI) offers an exhaustive overview of the global industry trends, regional insights, demand-supply trajectories, and crucial factors during the forecast period of 2021 to 2031. According to the report, North America, Europe, and Asia Pacific will remain the leading regions, while high requirement from utility vehicle segment will drive the sales in 20+ countries.

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Key Takeaways from Market Study

The global automatic tire inflation system industry is forecast to expand at over 5% CAGR through 2031
Increase in application in utility vehicles and heavy commercial vehicles (HCV) is likely to be witnessed
Original equipment manufacturer (OEM) segment to exhibit hegemony in terms of sales channel
The United States to hold the major chunk of North America industry
Germany remains the epicenter of Europe automatic tire inflation system industry
The United Kingdom, China, Japan, India, Canada, France, and a few other countries to emerge lucrative
Asia Pacific to register the fastest growth throughout the forecast period

“Advancement in manufacturing sector coupled with the rise in adoption of various automated systems and solutions in automotive sector are fuelling the sales of automatic tire inflation system,” says an FMI analyst.

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How is the Recovery of the Automotive Industry Key to Automatic Tire Inflation System Providers?

Automatic tire inflation systems are highly sought-after in automotive industry owing to its unlimited advantages over the conventional system such aslower maintenance cost, higher safety, extended tire life, highly compatible with satellite communication services and telematics systems, and efficiency in providing proper pressure maintenance over road.

According to a report titled “Automotive Industry Spotlight” published by the SelectUSA, the United Sates has one of the largest automotive industries in the world, while in 2018, the U.S. light vehicle sales reached 17.2 million units. As stated in the report, new R&D initiatives are transforming the global automotive industry including the U.S., while according to Auto Alliance, globally UIS$ 105 Billion is spend on R&D in automotive industry. Though the situation changed temporarily in 2020, the automotive sector is getting back to its feet making the automatic tire inflation system providers optimistic again.

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Market Segmentation by Category

Vehicle Type

Tractors
Heavy Commercial Vehicles (HCV)
Utility Vehicles

Sales Channel

Original Equipment Manufacturer (OEM)
Aftermarket

Component

Hub Caps
Hoses
Axle & Wheel Component
Others

Region

North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
South Asia
Oceania

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https://krazymedia007.wordpress.com/2022/08/29/automotive-soft-trim-interior-materials-market-to-grow-at-robust-cagr-by-2032/

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Sodium Chloride Market | Development Status, Competition Analysis, Type and Application by 2031

The sodium chloride market is projected to showcase a moderate growth rate of 4.2% CAGR over the forecast period of 2021 – 2031 as per the analysis by Future Market Insights (FMI). The market will be driven by rising demand from various industries including chemicals, food and beverages, oil and gas, industrial, deicing, and water-treatment.

Globally, the chemical industry facilities have been the leading consumers of sodium chloride in recent years. In North America and Europe, de-icing and food & beverage industries have emerged as key end users of sodium chloride.

While the market will grow at a steady rate over the next decade, the novel coronavirus (COVID-19) outbreak has left a detrimental effect. The pandemic is expected to affect consumer spending across various sectors such as food and FMCG.

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Furthermore, industrial salt is economically viable as compared to natural salt, which is further catalyzing the growth of the industrial salt sector. Chlorine is used as a primary source for chlorine and sodium hydroxide production, as it is extensively available and inexpensive.

Growth in the commodity chemicals market is expected to drive the consumption of solid sodium chloride, which in turn is expected to fuel the demand in the coming years. As such, the annual growth rate of the sodium chloride market is slated to decline during 2020-21, but is poised for sharp recovery over the next financial year.

Key Takeaways from Sodium Chloride Market Study

Driven by application across diverse industries, the global sodium chloride market is expected to rise at 4.2% CAGR between 2021 and 2031.
Expansion of the chemicals industry will create growth opportunities for the market. The chemical industry is likely to account for over 30% sales in the market by 2021.
China is a leading market for sodium chloride and is expected to reach a valuation of over US$ 8.4 Bn in 2021, owing to expansion in the chemical industry and rising food applications.
The U.S. will emerge as a key market, accounting for 80% sales in North America. The expansion of food processing sector will drive growth in the U.S.
Germany is a leading market for sodium chloride in Europe. Its valuation is expected to surpass US$ 1.3 Bn in 2021, owing to its role as a production and processing hub in the region.

“Sodium chloride production is anticipated to contract during the COVID-19 pandemic. However increasing production in parts of Europe and APAC is expected to stabilize supply shortages. Moreover, positive growth trends in multiple end-use industries are expected to drive the growth of the market over the coming decade,” says an analyst of Future Market Insights.

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Who is Winning?

The global sodium chloride market has been identified as a significantly fragmented market, with the large international players accounting for a limited share of the overall industry.

Market leaders are focusing on strengthening their product portfolio and expanding their market footprint through the acquisition of small-scale enterprises in the landscape.

Key manufacturers in the sodium chloride market include but are not limited to Cargill Incorporated, Compass Minerals International, K+S AKTIENGESELLSCHAFT, Wacker Chemie AG, Akzo Nobel N.V., Tata Chemicals Limited, Südwestdeutsche Salzwerke AG, INEOS GROUP HOLDINGS S.A., Dampier Salt Limited, Hindustan Ltd, Aashirwadh, Annapurna, Saboo Sodium Chloro Ltd, Hindustan Salts Ltd, Nirma Ltd., Merck KGah, GHCL Ltd., VM Chemicals, and Anish Chemicals.

Sodium Chloride Market Segmentation by Category

By Grade Type

Agricultural
Food
Industrial
Pharmaceutical

By Source

Sea Water & Brine
Solid

By product Form

Liquid
Solid

By End Use

Agriculture
Chemicals
Deicing
Food & Beverage
Industrial
Leather Industry

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More Valuable Insights

Future Market Insights, a research and consulting firm has published a market research report on the Sodium Chloride market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, type, end use, and region. The report also provides supply and demand trends, along with an overview of the parent market.

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Magnesium Carbonate Minerals Market | Key Players, Applications, Outlook, SWOT Analysis and Forecasts By 2030

Magnesium carbonate minerals are witnessing an upsurge in demand, owing to their application in multiple end-use sectors such as pharmaceuticals & personal care and construction. Magnesium carbonate minerals are used to produce raw materials that serve as refractory materials for steel, metallurgy, and ceramic industries.

End users such as the chemical industry also use magnesium carbonate minerals to produce raw materials for plastic, polymers, paints, and fertilizers.

Magnesite, in meagre amounts, is also used as a gem and lapidary material. Moreover, there is an expected revamp in pharmaceutical and personal care industries, owing to the current Covid-19 pandemic, which, in turn, is anticipated to drive the magnesium carbonate minerals market in the near term. Refractory bricks & kilns and building & flooring materials are also paving way for robust sales.

The global magnesium carbonate minerals market is expected to surpass US$ 689.0 Mn in 2022, and is projected to expand at a CAGR of 5.1% over the forecast period (2022-2030).

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Key Takeaways from Global Magnesium Carbonate Minerals Market Study

Surging demand from pharmaceutical and personal care industries is expected to drive the market, owing to its application in the production of OTC drugs.
East Asia is expected to be prominent in terms of production, and North America and Europe will lead in terms of consumption over the decade ahead. Countries such as Belgium, the U.S., the Netherlands, Spain, Germany, France, and Italy are prime consumers of magnesium carbonate minerals.
Unique fire retardant properties of hydromagnesite are enabling its broader adoption as a flame retardant or fire retardant additive for polymers.
Flourishing chemical industries across the world are offering a conducive ground for magnesium carbonate minerals market players. Increasing demand from pulp & paper and paints & coatings industries are also offering white spaces.
Extensive use of magnesium carbonate in the production of magnesium oxide, which is used in the steel and cement industries as a refractory material, will augment market growth. Rapid growth in these industries is estimated to boost the demand for magnesium oxide.

“Countries all over the world are likely to enhance their medical, pharmaceutical, and personal care sectors as a consequence of the ongoing COVID-19 pandemic, which is expected to bring about multiple changes in these sectors. Magnesium carbonate minerals play an important role – directly and indirectly – in the pharmaceutical sector. Thus, over the coming years, the market is expected to witness demand growth.”

Magnesium Carbonate Minerals Market: Competitive Landscape

Players such as Konoshima Chemical Co., Ltd., Naikai Salt Industries Co., Ltd., Hebei Meishen Technology Co., Ltd, and Kyowa Chemical Industry Co. Ltd. have been strategically expanding their market presence through expansions and acquisitions in the recent past.

These players are increasing their market presence gradually, rather than deploying aggressive growth strategies. R&D, coupled with expansion of production capacity, remains the key strategy followed by magnesium carbonate mineral manufacturers to enhance productivity and capture potential market opportunities.

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East Asia to Offer Opportunities of Growth and Profitability

East Asia is anticipated to hold a prominent share in the global magnesium carbonate minerals market, owing to the increasing demand from pharmaceutical and personal care industries, along with refractories.

Manufacturers in East Asia are facing stiff competition, given the higher concentration of players in the region. Moreover, magnesium carbonate minerals have multiple end uses, hence, the market is likely to flourish in the years ahead. Easy availability of raw materials and cheap labour is poised to propel the magnesium carbonate minerals market in East Asia.

On the flip side, chemical and automotive industries in East Asia are under extreme pressure due to the coronavirus (COVID-19) pandemic. Uncertainty in the global economic order and capital markets is shrinking the profit pools of industrial executives.

Chemical and automotive industries in East Asia are undergoing manufacturing standstills in order to avoid workers getting affected by the coronavirus, as well as address the demand drop from businesses and consumers during nationwide lockdowns. These factors are affecting the growth of the magnesium carbonate minerals market.

Looking for More Information?

The report on the magnesium carbonate minerals market published by Future Market Insights brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data of 2015-2021 and forecast statistics for 2022-2030.

The study offers insightful information on the global magnesium carbonate minerals market based on various categories – mineral form and end use, across seven regions. This study highlights key market players who are well-known market vendors, and have proven themselves as key shareholders in the global magnesium carbonate minerals market.

Some of the market players included in the report are Nouryon Holding BV, Evonik Industries AG, Cabot Corporation, W. R. Grace & Co., and Ecolab Inc., among others.

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Magnesium carbonate minerals Market by Category

By Mineral:

Magnesite
Hydromagnesite
Nesquehonite

By End use:

Pharmaceuticals & Personal Care
Refractory Bricks & Kilns
Steel & Metallurgy
Ceramics
Building & Flooring Materials
Chemicals

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

About Future Market Insights (FMI)

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Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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