Automotive Gas Cylinder Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights 2026

Gas cylinders are basically pressure vessels which are used to store various gases under desired pressure conditions. According to point of application, gas cylinders vary in shape, size and weight. In automotive industry, gas cylinders are used to store natural gas (CNG) and hydrogen for their use as fuel.

Earlier, one of the largest challenge with automotive gas cylinders was their heavy weight and safety issues in case of accident. Innovation & emergence of new technology, over the past years, has led to the development of new composite material e.g. carbon fiber, glass fiber, etc., which have worked in the direction to overcome these challenges.

Based on type of construction materials used, different type of automotive gas cylinders are available in the market. With high growth in use of automobiles running on alternative fuels such as hydrogen, compressed natural gas, etc., global automotive gas cylinders market is expected to increase at a significant CAGR over the forecast period 2016-2026.

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Global Automotive Gas Cylinder Market: Dynamics

Governments from across the world are highly focused to reduce emission of greenhouse gases from automobiles, which is one of the biggest cause of haphazardly increasing global air pollution. CNG vehicles emit less greenhouse gases as compared to vehicles that are fueled with other fossil fuels, due to which their demand is expected to grow at a robust CAGR over the coming years.

Besides, use of hydrogen as an alternate automotive fuel has already started and demand is expected to grow at an unprecedented rate over next decade. Owing to these developments, demand for gas cylinders in automotive industry is projected to grow at a significantly high CAGR between 2016 and 2026.

Depending upon the material used in cylinder manufacturing, automotive gas cylinders can impart significant weight to vehicles. High weight of automotive gas cylinders can cause reduction in speed & fuel economy of the vehicle. Key players are involved in reducing weight of the cylinders in order to meet government regulations as well as increasing fuel efficiency of vehicles.

Global Automotive Gas Cylinder Market: Region-wise Outlook

On the basis of regions, global automotive gas cylinder market is segmented into key regions namely North America, Latin America, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe and Japan.

North America and Western Europe currently holds significant market share in the global automotive gas cylinders market. However, in light of changing pollution norms and safety regulation, APEJ is expected to emerge as high demand –high growth region over the coming years.

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Global Automotive Gas Cylinder Market: Key Players

Some of the key players reported in the study of automotive gas cylinders market are 3M, CleanNG, CNG Cylinders International, Cobham plc, Faber Industrie S.p.A., Luxfer Gas Cylinders, Quantum Fuel Systems LLC., Beijing China Tank Industry Co. Ltd., Everest Kanto Cylinder Ltd. and MCS Technologies GmbH.

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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Automotive Turbochargers Market Expected to Witness High Growth by 2031

As per a recent study by ESOMAR-certified firm Future Market Insights (FMI), the global automotive turbochargers market will be valued at US$ 9.6 Bn in 2021, exhibiting robust growth at 8.8% CAGR between 2021 and 2031.

Growth prospects are expected to be positive as automotive turbochargers sales exhibit year on year growth of over 6.5% in 2021. Top players, comprising Garrett Motion (Formerly Honeywell), BorgWarner, IHI, Mitsubishi Heavy Industries account for approximately 85% of the market share.

Tightening restrictions to curb harmful greenhouse gas emissions across various countries, coupled with growing consumer demand for high-performance passenger cars are chief factors fostering sales in the global automotive turbocharger markets.

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E-turbochargers are gaining traction in the automotive industry, thereby encouraging manufacturers to focus on product development and innovations regarding e-turbochargers for their incorporation in hybrid vehicles, which is driving the market growth.

Additionally, increasing adoption of electric and hybrid vehicles in developed countries such as the U.S., the U.K., and Germany, along with growing applications of variable geometry technology in turbochargers is promoting sales in the market.

In developing countries such as China, India, South Korea, and Brazil, automotive turbochargers market growth can be attributed to growing consumer preference for high-performance and fuel-efficient passenger cars, creating lucrative opportunities for leading manufacturers in the market.

Key Takeaways from FMI’s Automotive Turbochargers Market Study

  • In terms of product type, variable geometry technology will remain dominant over the forecast period.
  • Passenger cars will lead the vehicle type segment, accounting for 3/5th of the total sales.
  • The U.S. is anticipated to remain the largest market for automotive turbochargers sales.
  • China will emerge as a lucrative market, owing to tough emission control regulations.
  • Germany will lead the expansion of automotive turbochargers market in Europe throughout the assessment period.
  • South Korea and Japan will account for 6% of the total automotive turbochargers market share.

“Technological advancements in automotive turbochargers that support fuel efficiency and optimal performance, coupled with increasing automotive sales will broaden growth prospects for players operating in the market,” says the FMI analyst.

Competitive Landscape

Garret Advancing Motion (formerly Honeywell), BorgWarner Inc., IHI Corporation, Cummins Inc., Bosch Mahle Turbo Systems GmbH & Co, Eaton Corporation plc, Weifang FuYuan Turbochargers Co., Ltd., Mitsubishi Heavy Industries, Continental AG, and Toyota Industries Corporation are some leading manufacturers operating in the automotive turbochargers market.

As per FMI’s analysis, the global automotive turbochargers market is dominated by top 5 players, including Garret Advancing Motion (formerly Honeywell), BorgWarner Inc., IHI Corporation, Mitsubishi Heavy Industries, and Cummins Inc., accounting for nearly 85% of the market share.

Key players are striving to strengthen their foothold in the market by emphasizing on various inorganic strategies that include site expansion, new product launches, increased research and development, and strategic collaborations. For instance:

  • In May 2021, BorgWarner entered into a global agreement to supply its electronic turbochargers to OEMs for hybrid electric vehicles. This agreement will provide a significant boost to ongoing research and development in the automotive turbochargers market.
  • In June 2021, Cummins Inc announced the expansion of its production facility to two new locations in North Carolina and South Carolina which is expected to be completed by the end of 2021. The expansion will allow the company to remanufacture and develop new turbocharger products, improving cost competitiveness simultaneously.

More Insights on the Automotive Turbochargers Market

In its latest report, FMI offers an unbiased analysis of the global automotive turbochargers market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of fuel type (gasoline and diesel), vehicle type (passenger car, LCV, HCV, agricultural machinery, and construction machinery), product type (wastegate, variable-geometry technology and twin-turbo), sales channel (OEMs and aftermarket), actuator type (hydraulic, pneumonic and electric) and across seven regions. (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Automotive Turbochargers Market by Category

By Vehicle Type:

  • Passenger Car
  • LCV
  • HCV
  • Agricultural Machinery
  • Construction Machinery

By Product Type:

  • Wastegate
  • Variable-geometry Technology
  • Twin Turbo

By Fuel Type:

  • Gasoline
  • Diesel

By Sales Channel:

  • OEM
  • Aftermarket

By Actuators:

  • Hydraulic
  • Pneumatic
  • Electric

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Key Points Covered in Automotive Turbochargers 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 Automotive Turbochargers Market and how to Navigate
  • Recommendation on Key Winning Strategies

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Industrial And Institutional Hand Hygiene Chemicals Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2026

Hand hygiene chemicals are the primary defense against infections and cross contamination risks. The pharmaceutical & healthcare industry, both acute and non-acute, is the largest vertical for hand hygiene chemical products, followed by the food & beverage processing and foodservice industry

The market for hand sanitizers has experienced particularly strong growth since last few years, becoming commonplace in many healthcare and food processing facilities as well as in general office work spaces. Alcohol-based hand sanitizers will continue to hold the majority market share, even though non-alcohol-based sanitizers offer several key benefits.

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Industrial and Institutional Hand Hygiene Chemicals Market Dynamics

The principal factor driving the growth of the global industrial and institutional hand hygiene chemicals market is the increased awareness of hand hygiene principles amongst both the general public as well as institutions.

Furthermore, the urge to reduce nosocomial infections (infections acquired at hospitals) has brought hand hygiene practices in the healthcare setting greater publicity and attention and the trend is forecast to continue over the forecast period.

Stringent regulations laid down by government and health advisors on hand hygiene compliance will sustain demand of the hand hygiene chemicals over the forecast period.

Ongoing trends such as installation of regular hand cleaning stations at various junctures by government organizations, standardization of ‘green’ products, and product innovations are expected to boost the market for industrial and institutional hand hygiene chemicals over the forecast period.

One important hindrance which can affect the growth of this market is increased usage of gloves in work environments such as industries and hospitals.

Consumers who are less aware of the usefulness of these products and underexposed to changing lifestyle tend to think twice before buying it due to their afterthought of chemical substances being more harmful. Factors such as these can hamper market growth over the forecast period.

Industrial and Institutional Hand Hygiene Chemicals: Regional Outlook

The Global Industrial and Institutional hand hygiene chemicals market can be divided into seven geographical locations such as North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa.

The North American market share is forecasted to have the highest share as consumers in this region have higher awareness regarding personal hygiene and also the growing number of blue collar workers in this region is expected to have a positive impact on the growth of market in this region.

The market share in the European region is also high due to growing number of industries and hospitals built. The Asian market is forecasted to be on the lower side but tends to improve at a much faster growth rate due to rapid spread of health awareness and safety.

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Industrial and Institutional Hand Hygiene Chemicals Market: Key Players

Some of the major players which provide the Industrial and Institutional Hand Hygiene Chemicals are

  • Kutol Products Company, Inc.
  • Reinol-Janek Chemicals (Pty) Ltd.
  • Woodbine Products Company
  • State Chemical Solutions
  • Chemiphase Ltd.
  • Sure Chemicals Ltd.
  • Reckitt Benckiser Group plc
  • Azett-Seifenfabrik GmbH & Co.
  • Stanrose Envirotech India Pvt. Ltd.
  • Altret Industries Pvt. Ltd.
  • Deb Group
  • Steris plc
  • EcoHydra Technologies Ltd.

Industrial and Institutional Hand Hygiene Chemicals: Segmentation

On the basis of state of the product,Industrial and Institutional Hand Hygiene Chemicals Market can be segmented as:

  • Solid state products
  • Liquid state products
  • Paper based products (Liquid imbibed in solid)
  • Gel based products

On the basis of product type, Industrial and Institutional Hand Hygiene Chemicals can be segmented as:

  • Soaps
  • Regular Soaps
  • Antibacterial Soaps
  • Industrial Heavy-duty Soaps
  • Sanitizers
  • Alcohol-based
  • Non-alcohol-based
  • Others
  • Protectors (Barrier Creams, etc.)
  • Restorers (Moisturizers, etc.)

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On the basis of purpose of the product, Industrial and Institutional Hand Hygiene Chemicals can be segmented as:

  • Antiseptic
  • Antimicrobial

On the basis of End-use Verticals, the global industrial and institutional hand hygiene chemicals market can be segmented into:

  • Food & Beverage Processing & Foodservice
  • Pharmaceutical & Healthcare
  • Retail
  • Manufacturing Units and Industrial Services
  • Educational Institutions
  • Office Work Spaces
  • Others (Agriculture, Forestry, etc.)

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

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments and geographies.

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Polyamide Intermediate Chemicals Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2026

Polyamide intermediates are thermoplastic silky material, which is also known as nylon. It is available in fibrous state as well as in plastics. The polyamide intermediates are used for an array of applications, which includes fabrics, tires, and carpets among others. The consumption of polyamide intermediate chemicals in the automotive sector is expected to be the highest over the forecast period. Polyamide intermediate chemicals possess special characteristics, which includes high abrasion resistance, high elongation, and chemical resistance among others.

Many manufacturers are engaged in developing bio-based methods for developing the polyamide intermediates. With introduction of bio-based polyamide intermediates, the global polyamide intermediates market is expected to foster a healthy growth rate, as it is recyclable and being adopted by the various end use industries from automotive to consumer goods. The consumption of polyamide intermediate chemicals in the automotive sector is expected to be the highest over the forecast period.

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Global Polyamide Intermediate Chemicals Market: Drivers & Restraints

The global polyamide intermediate chemicals market is primarily driven by the demand for environmental friendly consumer products and stringent regulations for ecofriendly products. With a wide range of application of polyamide intermediates chemicals in various end use industries such as automotive, electronics, textiles and consumer goods among others is attributed with the growth of global polyamide intermediate chemicals globally.

The use of polyamide intermediate chemicals in the automotive sector to replace some of the alloy parts such as nuts and bolts to reduce the weight of vehicles are increasing the adoption of polyamide intermediates chemicals in the automotive industry. Thus, this demand is fostering the growth of polyamide intermediate chemicals market. However, the moisture absorption properties of the polyamide intermediates chemicals decreases the tensile strength of the material which might pose as a restraint to its adaptability also the molded polyamide intermediates are subjected to shrinkage which might restrain the growth of polyamide intermediate chemicals market.

Global Polyamide Intermediate Chemicals Market: Regional Outlook

Based on the geographic regions, global polyamide intermediate chemicals market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among the aforementioned regions, Asia-Pacific market for polyamide intermediate chemicals holds the largest market.

In the Asia-Pacific market, China holds the largest share followed by India, the growth of polyamide intermediate chemicals in these countries are attributed with the growth of automotive, chemicals and textile industries in these regions. The demand for bio-based polyamide intermediates chemicals in the North America and the European market to cope up with stringent environmental regulations in the region is fostering the growth of polyamide intermediate chemicals but in a moderate speed. Overall, the market is expected to show a significant growth rate by the end of forecast period.

Global Polyamide Intermediate Chemicals Market: Key Players

Some of the major players identified in the global polyamide intermediate chemicals market includes, BASF SE, DuPont, DSM, Segetis, Inc., Solvay, Arizona Chemical Company, LLC., and Genomatica, Inc. among others.

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Global Polyamide Intermediate Chemicals Market: Market Segmentation

Based on the type of polyamide intermediate chemicals, the global polyamide intermediate chemicals market can be segmented into:

  • Synthetic Polyamide Intermediate Chemicals
  • Bio-Based Polyamide Intermediate Chemicals

Based on applications, the global polyamide intermediate chemicals market can be segmented into:

  • Tires
  • Musical Strings
  • Bags
  • Conveyor Belts
  • Others

Based on the end use industries, the global polyamide intermediate chemicals market can be segmented into:

  • Automotive
  • Textile
  • Electronics
  • Consumer Goods

Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. 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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Retread Tire Market Prospects and Growth Assessment 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.

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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Electric Boats Market : Technological Growth Map over Time

The go-green initiative has catapulted the business models of multiple industries globally and the boating industry is no exception. With traditional gasoline and diesel powered boats significantly increasing pollution levels, the need for alternate sources of energy to propel boats has pushed manufacturers to introduce eco-friendly boats in the global market. Hybrid boats powered by solar energy are fast emerging as an attractive alternative to conventional boats owing to the zero emission factor. Further, installation of solar panels in boats reduces the weight of the boats considerably, and offers an added advantage of noise reduction. This makes solar powered boats perfect for recreational activities. Manufacturers are innovating to design solar hybrids with increased passenger capacity in keeping with the rising market demand.

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Earlier, propulsion systems in boats were powered by lead acid batteries. The use of lead acid batteries in electric boats comes with several disadvantages including added bulk and low battery cycle time. The latest trend is the adoption of lithium ion batteries for power generation in boats. Lithium ion batteries with phosphate technology are the newest trend in the global market. Besides a huge life of 10 times more than lead acid batteries, lithium ion batteries are lightweight, charge faster, have low toxicity levels, and require relatively low maintenance. These batteries can be disposed of in an environmentally friendly manner as compared to lead acid batteries. These properties have shifted boat manufacturers’ preferences towards lithium ion batteries.

These trends are defining the positive growth trajectory of the global electric boats market, which, according to a recent analysis by Future Market Insights, is projected to exhibit a growth rate of 11.0%, moving from a valuation of US$ 106,029.4 Th in 2017 to US$ 327,678.2 Th by the end of 2028.

Increase in sales revenue of electric boats can be attributed to the following key factors:

  • Boost in the global recreational boating industry leading to high demand for boats
  • Focus on development of lightweight boats fuelled by electric power
  • Adoption of small size boats for purposes of maritime security
  • Focus on the reduction of emissions and awareness of the need to reduce environmental pollution

North America Undisputed Leader in the Global Market; Western Europe to Stay Second in Line

Needless to say, North America projects the highest demand and adoption of electric boats, given the thrust on boating as a leisure activity among the American population. Western Europe is the second biggest market in terms of sales of electric boats, again given the increasing preference for recreational boating activities in the region. Markets in the Middle East & Africa and India are yet to be fully tapped and are currently witnessing relatively moderate growth in terms of both demand and sales of electric boats.

Market segmentation

The market is segmented as given below:

By Type

  • Pure Electric
  • Hybrid

By Boat Type

  • Small Size
  • Medium Size
  • Large Size

By Battery Type

  • Lead Acid
  • Lithium Ion
  • Nickel based batteries

By Power Output

  • Below 5KW
  • Between 5KE to 30KW
  • Above 30KW

By Region

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

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Recommendations for Key Players

Vendors in the global electric boats market need to focus on introducing newer hybrid models that can propel on diesel / petrol as well as electric systems in keeping with the surge in consumer demand. Focussing on certain key markets in developing economies can prove to be beneficial in the long run, given that the populace in these regions is growing financially and is looking for more water based recreational activities. Boating as a leisure activity is fast gaining traction and manufacturers would do well to expand their distribution network in fast growing economies of the SEA & Pacific and countries such as China.

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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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Butyl Elastomers Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2026

Butyl elastomer, commonly known as butyl rubber, is basically a synthetic rubber produced by co-polymerization of isobutylene with isoprene. Butyl rubber possesses several superior physical and chemical characteristics which makes it extremely useful across various industries. Butyl rubber is highly impermeable to air, gases, and moisture, thus, becoming very useful for applications requiring an airtight atmosphere.

Butyl rubber is highly resistant to heat, aging, weathering, chemical attack, abrasion and tearing and also possess good shock absorption and electrical insulation characteristics. Due to such physiochemical properties, butyl rubber finds its utilization in the manufacturing of automotive tyres (inner liners), tubes & other ancillaries, sports goods, vibration mounts, electrical fluids, ball bladders, adhesives and sealants etc.

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Butyl Elastomers Industry: Market Dynamics

Increasing utilization of butyl rubbers for end-use applications such as tyre & tubes, various mechanical automotive components e.g. vibration control products, hoses and gaskets, in manufacturing of adhesives and sealants and other construction products etc. is driving their demand in the market.

Besides, adaption of butyl rubbers for newer applications, due to introduction of novel technical grades of butyl rubbers by manufacturers, is also driving their demand globally. Besides, factors such as high raw material costs, fierce competition and cyclic nature of major end-use industries such as automotive and construction etc. is expected to pose significant challenges in the overall butyl elastomers market between 2016 and 2026.

Market players, in order to serve new areas of applications for butyl elastomers products, are highly focused in increasing their product offerings by altering physical and chemical properties of regular butyl rubber products. Over the last couple of decades, after the introduction of tubeless tyres in the market, butyl rubber products has witnessed a sharp increase in their demand.

Besides, halogenated grade butyl rubber, unlike the normal butyl rubber grades, can be used in blend with natural rubber or synthetic rubbers such as nitrile rubber (NBR), styrene-butadiene rubber (SBR), polychloroprene rubber (CR), ethylene-propylene rubber (EPDM), or butadiene rubber (BR). Companies are increasing investing in research and development to produce more technical grades to serve newer applications for butyl rubbers.

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Butyl Elastomers Market Segmentation

Global butyl elastomers market is segmented on the basis of type and application. On the basis of type, butyl elastomers market is segmented into regular butyl rubber and halogenated butyl rubber. The halogenated butyl rubber segment is further sub-segmented into chloro butyl and bromo butyl rubbers.

On the basis of application, butyl elastomers market is segmented into tyres and tubes, automotive mechanical component, adhesives & sealants, pharmaceutical & healthcare, consumer products and others (industrial etc.). The tyre and tubes segment is anticipated to hold the largest market share in the global butyl elastomers market by end of the forecast period (2016-2026).

Butyl Elastomers Market: Regional Outlook

On the basis of region, global butyl elastomers market is segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Middle East and Africa and Japan. The report covers market demand for butyl elastomers in each region between years 2016-2026.

Butyl Elastomers Market: Key Players

The key players reported in this study of butyl elastomers market include Exxon Mobil Corporation, China Petroleum & Chemical Corporation, Lanxess AG, Reliance Industries Ltd., PJSC “Nizhnekamskneftekhim”, SIBUR (PJSC SIBUR Holding), etc.

Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. 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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Automotive Sensors Market to Garner Brimming Revenues by 2031

The automotive sensor demand will continue rising through 2021 with worldwide demand projected to increase by 5.5% year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of 7.2%, as the automotive production recovers after bucking scepticism about how the market would perform post pandemic.

NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly 30% of global market share in 2021.

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Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. This development will fuel the demand for automotive sensors in upcoming years.

Advancement in the field of transport management system and incorporation of smart sensors in advanced driver-assistance systems will create attractive prospects for the expansion of the market.

Truck platooning is an emerging area of application for automotive sensors. In truck platooning, automated driving support and connectivity technology work in sync and are controlled by central operating system. All trucks are connected to leader trucks and rest of platoon adapts their movement according to leader truck. This will increase ADAS penetration in trucks.

Governments in developed economies are mandating the installation of safety sensors in passenger and commercial vehicles to curb the rise in number of road accidents and related fatalities. This will significantly contribute to the overall growth of the automotive sensors market.

Manufacturers are working towards avoiding overheads by reducing the number of product recalls and satisfy consumer demand of modern warning alert system and safety feature in compact cars.

Advancement in the crash prevention technologies like vehicle-to-vehicle communication, traction control system, active kinematics control with integrated brake control, and automated braking system will boost demand for automotive sensor in upcoming years.

Key Takeaways from FMI’s Automotive Sensor Market Study

  • Driven by increasing sales of electric vehicles and presence of leading original equipment manufacturers in U.S., North America market will expand at 4.7% CAGR over the forecast period.
  • European automotive sensor market will grow at a healthy CAGR of 6.5% backed by increasing demand of European luxury cars across the globe and rising production of electric cars in the region.
  • Japan and South Korea will collectively account for around 9.1% of global market share in 2021.  Surge in research and development activities in these countries towards miniaturization of automotive sensors will drive the market growth in these countries.
  • India will offer lucrative opportunities for market growth, as it is the fastest growing economy in the world. Increasing demand for passenger cars and rise in consumer spending on enhanced safety features will boost the sales of automotive sensors in India.
  • Safety sensor is the fastest growing sensor type segment owing to imposition of stringent vehicle and driver safety regulation and increasing demand for luxury and convenience in automobiles.

“Increasing investment in automating vehicles and installing smart technologies in critical safety systems to improve safety standards will boost the demand of automotive sensors in the forthcoming years,” says the FMI analyst.

For instance, in July 2021, Samsung launched its first ISOCELL image sensor specifically designed for automotive applications. Samsung aims at becoming global leader in image sensor sector  and capture maximum market share in upcoming years.

In 2020, AMS introduced two new position sensors the AMS AS5147U and the AS5247U for high-speed electric motors to promote car electrification initiative. These new position sensors are expected to reduce the system cost and boost the electrification of critical vehicle functions like as power steering, active damper control, and braking.

Bridgestone recently developed new “Smart Strain Sensor” technology for autonomous vehicles integrated with next-gen internet of things (IoT) capabilities.

Prominent players operating in the automotive sensor market are:-

  • NXP Semiconductors N.V.
  • TE Connectivity
  • Continental AG
  • Denso Corporation
  • Robert Bosch GmbH.

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Key Segments Covered in Automotive sensors Market Study

Sensor Type:

  • Position Sensors
    • Clutch Position Sensors
    • Gear Position Sensors
    • Throttle Position Sensors
    • Crankshaft Position Sensors
    • Steering Angle Position Sensors
    • Camshaft Position Sensors
  • Safety Sensors
    • Seat Belt Sensors
    • Brake Switch Sensors
    • Door Switch Sensors
    • ADAS Sensors
      • Blind Spot Detection
      • Night Vision Sensors
      • Light Sensors
      • Parking Sensors
      • Cruise Control
    • Impact Sensors
    • Anti-theft Sensors
    • Knock Detection Sensors
  • Level Sensors
    • Fuel Level Sensors
    • Coolant Level Sensors
    • Oil Level Sensors
  • Oxygen Sensors
  • Pressure Sensors
    • Tire Pressure Sensors
    • EGR Pressure Sensors
    • Airflow Rate Sensors
  • Temperature Sensors
    • Engine Coolant Temperature Sensors
    • Rain/humidity Sensors
    • Oil/Fuel Temperature Sensors
    • Battery Temperature Sensors
    • Air Temperature Sensors
  • Speed Sensors
    • Wheel Speed Sensors
    • Speedometer

Vehicle Type:

  • Passenger Cars
    • Compact
    • Midsize
    • Luxury
    • SUVs
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Sales Channel:

  • Original Equipment Manufacturers
  • Original Equipment Supplier Spare Parts
  • Independent Aftermarket

Region:

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

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Polyetheramine Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2026

Polyetheramines are typically the curing agents which contain polyether and amine moieties, are majorly used to increase toughness, flexibility, hydrophobicity or hydrophilicity of the end-products. Polyetheramines are used for a range of applications including polyurea, epoxy curing and polyamides in a range of coatings. Polyetheramines are also used in adhesives, ink resins, elastomers and sealants. The considerable growth in coating industry is anticipated to boost the demand for polyetheramine.

Additionally, the substantial growth of elastomers, sealants and adhesives are also expected to increase the demand for polyetheramine during the forecast period. Thus, the wide array of applications and the following end-user industry is expected to drive the market for polyetheramine. The growth in polyetheramine end-user industries in Asia Pacific region is expected to be the largest region in the polyetheramine market.

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Polyetheramines have a moderate glass transition range of 25 to 100O C and are primarily available in colorless liquid form with odor similar to amines. Additionally, polyetheramines have long pot life and find application in hot melt adhesives, engineering composites and sealants. In addition to adhesives, polyetheramines are also used as fuel additives.

Epoxy coatings are also used in composite materials such as fiber glass and carbon fibers. The broad range of properties of polyetheramines is expected to drive the polyetheramine market. Considering the rising demand for polyetheramines in several end-user industries, in January 2014, Hunstman Corporation announced to increase the global production of polyetheramines by 15 percent.

Polyetheramine Market:  Segmentation

Polyetheramine market is segmented on the basis of application and region. Based on application, the market can be segmented into polyuria, composites, fuel additives, epoxy coating, adhesives and sealants and other application. The epoxy coating application is expected to be the major application segment in the polyetheramine market.

Epoxy coatings being exceedingly durable coatings can be used for variety of purposes including adhesives, durable coatings for metals and floors. By region, the polyetheramine market can be segmented into North America, Latin America, Asia Pacific, Western Europe, Eastern Europe, Middle East and Africa and Japan.

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Polyetheramine Market:  Regional Outlook

Asia Pacific region is expected to be the fastest growing market for polyetheramine during the forecast period. The major reason for the growing demand for polyetheramine is the considerable growth in end-user applications and the respective industries consuming polyetheramines. The developing Asian countries such as India, China, Malaysia, Indonesia and Thailand are expected to have sizeable growth owing to demand for adhesives, sealants and other major applications of polyetheramines.

Growing consumption of polyetheramines from epoxy coatings and from several composite materials is likely to increase the requirement of polyetheramine across the globe. The other applications of polyetheramines primarily include cement additives, acid neutralization, demulsification in oilfield and other niche applications are expected to drive the demand for polyetheramine.

The developed countries such as U.S. and U.K. are progressively recovering from the sluggish economic conditions and boosting the demand for polyetheramines. Considering the global outlook, the demand for polyetheramine application products is expected to record an outstanding growth during the forecast period.

Polyetheramine Market:  Key Players

Some of the key players operating in polyetheramine market are Yantai Dasteck Chemicals Co., Ltd., BASF SE, Huntsman Corporation, Clariant, Yantai Minsheng Chemicals Co., Ltd., Yangzhou Chenhua New Materials Co., Ltd, Wuxi Acryl Technology Co., Ltd. and Qingdao IRO Surfactant Co., Ltd.

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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Soy-Based Chemicals Market Development Status, Competition Analysis, Type and Application 2026

The chemicals derived from soy-oil have wide applications such as in production of biodiesel, bio-degradable plastics, soaps etc. These Soy-based chemicals find application across diverse industries including cosmetics, paper, food & beverages, plastic &polymer etc.

The extensive consumption of fossil fuels result in increasing carbon dioxide emissions. As a result of this, there is need to harness the potential of bio-based products. Therefore, the use of bio-based chemicals is expected to grow during the forecast period. The chemicals derived from soybean are a reliable alternative to traditional petroleum and crude derived chemicals and ensure sustainability and reduced carbon footprints.

Traditionally, soy chemicals have been used in a variety of applications across a diverse set of industries. The most common soybean derivatives are soy-milk and soy-oil. Soy-milk and soybeans are widely used in food industries owing to their high nutrient content. Soy-oil is used as a vegetable oil as well as to derive the chemicals such as polyols, isoflavones and waxes among the others.

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Global Soy-Based Chemicals Market: Drivers and Restraints

The increasing awareness as regards the benefits involved in use of bio-based products and environmental regulations are major factors that are expected to drive the growth of global Soy-Based Chemicals Market during the forecast period. The increasing demand for biodegradable plastics derived from soy-based chemical is slated to drive the growth of global Soy-Based Chemicals market during the forecast period.

Relatively better performance of soy-based chemicals over some of the traditional chemicals is expected to drive the growth of global market for soy-based chemicals over the forecast period. The increasing demand for soybean from traditional applications such as in food industry is expected to affect the supply of the same for production of chemicals, thus acting as an impediment to the growth of soy-based chemicals market during the forecast period

Global Soy-Based Chemicals Market: Regional Outlook

On the basis of region, the global Soy-Based ChemicalsMarket is segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Asia-Pacific (excluding Japan) and Japan.

North America region has a strong presence in global Soy-Based Chemicals market followed by Asia Pacific and Latin America. Asia-Pacific region and Latin-America have long term growth potential and are expected to witness robust growth in their share in global Soy-Based ChemicalsMarket during the forecast period.

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Global Soy-Based Chemicals Market: Key players

The increasing demand for eco-friendly products is expected to drive investments in production of Soy-Based Chemicals across the globe. The key players operating in the global Soy-Based Chemicals market are as follows:

  • The Dow Chemical Company
  • Cara Plastics Inc.
  • Ag Environmental Products LLC
  • Archer Daniels Midland Co.
  • Cargill Inc.
  • Elevance Renewable Sciences Inc.
  • Renewable Lubricants Inc.
  • Soy Technologies LLC
  • BioBased Technologies LLC
  • Soyaworld Inc.
  • Vertec BioSolvents Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.

Global Soy-Based Chemicals Market: Segmentation

The global Soy-Based Chemicals Market is segmented on the basis of End user industry, types and region.

On the basis of type, the global Soy-based chemicals market is segmented as below:

  • Soy-oil
  • Fatty acids
  • Polyols
  • Soy-waxes
  • Methyl-soyate
  • Isoflavones
  • Others

On the basis of End user industry, the global Soy-Based Chemicals Market is segmented as follows:

  • Paper
  • Cosmetics
  • Food & Beverages
  • Plastics & Polymer
  • Bio-diesel
  • Others

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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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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