Two Wheeler Aftermarket Components And Consumables Market are set to be valued at over US$ 26.1 Bn in 2021, And poised to expand over 7.8% CAGR During Forecast to 2021 – 2031

Global sales of two wheeler components & consumables are set to be valued at over US$ 26.1 Bn in 2021, as per Future Market Insights (FMI). The market is poised to expand at over 7.8% CAGR due to the growing sales of two wheelers worldwide.

According to Future Market Insights, increasing adoption of two wheelers for personal use is setting the demand high for aftermarket components and consumables for two wheelers. Sales of two wheelers are increasing at a robust pace across developing countries such as India, Indonesia, Vietnam, and Brazil.

Coupled with this, the increasing demand for components and consumables for two wheelers in China, Japan, the U.S. and Germany will create lucrative growth opportunities for the market. As per the study, Asia Pacific will hold the largest share of 57.1%, followed by Europe with 21.8% through 2031.

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The two wheeler components & consumables aftermarket observed slight decline in sales volume in 2020 due to the outbreak of COVID-19. Demand from major countries waned due to implementation of lockdown by governments, however, the generated demand was somehow fulfilled by the local suppliers who stockpiled before the pandemic.

Demand for two wheeler components & consumables has been increasing from standard motorcycles segment due to the growing popularity of standard bikes for personal use.

Key manufacturers are expected to invest heavily for market expansion and focus on research and development related to two-wheeler components and consumables to gain competitive edge.

Key Takeaways from Two Wheeler Components & Consumables Aftermarket Study

  • Standard motorcycle segment is projected to hold over 26% volume share of the global market in 2021 and will continue exhibiting robust demand for consumables.
  • Demand for consumables is set to hold over 60% of the market share in terms of value by the end of forecast period.
  • South Asia & Pacific is expected to remain a primary market backed by rising demand for two wheelers in the region. It is expected to account for over 34% of the market share in 2021.
  • Online sales channels segment is set to surge at CAGR of approximately 8.1% over the coming decade.
  • India is emerging as a key market, totaling US$ 4.5 Bn in 2021 and it is forecast to register 9.4% CAGR in the forecast period.

“Increasing adoption of two wheelers, especially across India, China, and Germany, has compelled the manufacturers to form strategic alliances with local distributors and independent dealers to strengthen their position in the industry. This will continue fuelling the demand in the market,” says a Future Market Insights analyst.

Who is Winning?

The two wheeler components & consumables aftermarket is highly fragmented. Key players will account for around 15-20% of the market share.

In order to gain competitive edge, these companies are likely to invest in new technological advances for the growth of their distribution networks.

Some of the key players in this industry include but are not limited to ZF Friedrichshafen AG, Holley Performance Products, Exide Technologies, Advance Auto Parts, Harley Davidson, Tenneco, Inc., FastBikeGear, Bajaj Auto, Gabriel India Limited, Showa Corporation, KYB Corporation, TVS Motor Company, Foshan Xinmatuo Motorcycle Parts Industrial Company, Hero Motocorp Ltd., Yamaha Motor Company Ltd., Hella KGaA Hueck & Co, OSRAM Licth AG, BMW Group, BITUBO S.r.l.

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Two Wheeler Components & Consumables Aftermarket by Category

By Two Wheeler Type:

  • Standard Motorcycle
  • Cruiser Motorcycle
  • Sports Motorcycle
  • Standard Scooter
  • Maxi Scooter
  • Mopeds

By Product Type:

  • Components
    • Fuel Injector
    • Fuel Filter
    • Air Filter
    • Brake Pads
    • Brake Shoes
    • Brake Caliper
    • Accelerator & Brake Cable
    • Electric Starter Motor
    • Clutch Plate
    • Chain & Sprocket
    • Battery
    • Headlight Bulb
    • Turn Indicator Bulb
    • Spark Plugs
    • Ignition Coil
    • Shock Absorber
    • Seat
    • Exhaust Muffler
    • Mirror
    • Tires
  • Consumables
    • Washing Shampoo
    • Cleaning Polish
    • Coolant
    • Engine Oil

By Sales Channel:

  • Authorized Dealers
  • Independent Dealers
  • Online

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Key Points Covered in Two Wheeler Components & Consumables Aftermarket

  • Market estimates and forecast 2016-2031
  • 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 XYZ and How to Navigate
  • Recommendation on Key Winning Strategies

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Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
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Ultra-high purity hydrofluoric acid Market 2022 | Present Scenario and Growth Prospects 2028

The ultra-high purity hydrofluoric acid business has seen tremendous potential owing to the proliferated growth projected by the ultra-high purity hydrofluoric acid market. The participants of the ultra-high purity hydrofluoric acid market are focusing on providing leading-edge solutions for fulfilling the chemical requirements of the customers. The ultra-high purity hydrofluoric acid market is further gaining traction owing to the reduced demand and supply gap. Major market players such as Shaowu Huaxin Chemical Industry, Fujian Long Fluorine Chemical Company, and others being situated in China, the most promising region for the ultra-high purity hydrofluoric acid market, meeting the demands on time is all the more possible. With this scenario, the business expansion in the ultra-high purity hydrofluoric acid market has simplified for the market players.

The semiconductor industry has boosted the demand for ultra-high purity hydrofluoric acid since there has been a growth in the semiconductor demand. Key players such as Stella Chemifa Corporation of the ultra-high purity hydrofluoric acid market are providing solutions such as ultra-high purity hydrofluoric acid and ultra-high purity buffered hydrogen fluoride to the market players of the semiconductor industry for their set of applications as chemical agents, thereby boosting the sales of ultra-high purity hydrofluoric acid.

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Ultra-high purity hydrofluoric acid: Introduction

Hydrofluoric acid (HF; molecular Wt. 20), is a colorless, pungent odor inorganic chemical compound. Hydrofluoric acid is toxic and extremely corrosive in nature. Owing to that, hydrofluoric acid can attack to silicates and glass that leads to form gaseous silicon tetra fluoride.  Also, Hydrofluoric acid can react with metals, metal oxides and hydroxides in order to produce salt compounds. Moreover, this compound is soluble in water, alcohol, and an insoluble in other organic solvents. Ultra-high purity hydrofluoric acid is a strong acidic compound that act as a cleaning and corrosive agent.  Ultra-high purity hydrofluoric acid that can be used in combination with other acidic compounds such as glacial acetic acid, hydrogen peroxide, nitric acid, and ammonium hydroxide, among other. It can also be used as an analytical reagent and as chemical intermediate for production of high purity fluorine chemicals

The Ultra-high purity hydrofluoric acid is manufactured by pretreatment of anhydrous hydrofluoric acid, followed by processing it through rectification tower i.e. distillation column to get HF gas. This obtained hydrogen fluoride gas is cooled and passed to the absorption tower to get Ultra-high purity hydrofluoric acid.  Water absorption is mainly preferred to get Ultra-high purity hydrofluoric acid. The purity and yield through absorption tower is managed by controlling spray density, and gas-liquid ratio, among other factors. Owing to strong corrosive nature of Ultra-high purity hydrofluoric acid, equipment made or lined with PTFE resistance material, gold, and platinum, among other precious material are required. This in turn resulted into high capital expenditure owing to which limited player are engaged in the manufacturing of Ultra-high purity hydrofluoric acid across the globe.

The ultra-high purity hydrofluoric acid is used as an etching and cleaning agent photovoltaic cell manufacturing, integrated circuit (IC), VLSI Chip manufacturing, and glass thinning (LED devices), among other industrial application. In the photovoltaic industry, ultra-high purity hydrofluoric acid for wafer surface cleaning and etching.

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Ultra-high purity hydrofluoric acid: Market Dynamics

Across the globe, the governments of developed and developing countries are emphasizing on development of solar energy infrastructure on mass commercial scale. For the same, governments are continuously investing in expansion of existing and new project to increase the solar energy production owing to which demand for PV panel is increased across the globe. This increasing demand for PV panel is major driving factor for the growth of ultra-high purity hydrofluoric acid market. Moreover, significant growth of electronic and semiconductor industry will in turn help to drive the ultra-high purity hydrofluoric acid market. Apart from this, high capital investment and high cost relative to other cleaning solvents that may hamper the growth of ultra-high purity hydrofluoric acid market

Regional Outlook:

Over the recent past, the gradual shift of the world’s electronics and semiconductor manufacturing industry toward China, the demand for ultra-high purity hydrofluoric acid has been increased. It is expected that China ultra-high purity hydrofluoric acid market will register healthy growth over the forecast period. Meanwhile, the industrial production of anhydrous hydrofluoric acid in China has ensured availability of raw material with low cost that in turn provide impetus for the growth of ultra-high purity hydrofluoric acid market. Moreover, Japan followed by South Korea are the major market for ultra-high purity hydrofluoric acid and are expected to register steady growth over the forecast period

Key player:

Examples of some of the market participants in the global Ultra-high purity hydrofluoric acid market identified across the value chain include:

  • Stella Chemifa Corporation
  • Solvay SA
  • Fujian Long Fluorine Chemical Co., Ltd.
  • ANALYTIKA, spol. s r.o.
  • Xuancheng Hengtai Electronic Chemical Materials Co., Ltd.
  • Shaowu Huaxin Chemical Industry Co., Ltd
  • Merck KGaA, among other

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

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The report covers exhaust analysis on:

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

Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Segmentation:

Based on grade, global Ultra-high purity hydrofluoric acid market is segmented into;

  • UP grade (metal impurity content < 10 ppb)
  • EL grade (Metal impurity content < 100 ppb)
  • GT grade (metal impurity content < 10 ppm)

Based on Application, global Ultra-high purity hydrofluoric acid market is segmented into;

  • Electronics
  • Semiconductor
  • PV panel
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Kombucha Market Potential Growth, Share, Demand And Analysis Of Key Players, Forecasts To 2032

The global kombucha market is estimated at USD 575.6 Mn in 2022 and is projected to reach USD 2,380.4 Mn by 2032, at a CAGR of 15.3% from 2022 to 2032. Globally, the market is estimated to create an absolute $ opportunity of about USD 1,804.8 Mn by 2032.

Beverage brands from across the globe are looking to capitalize on the kombucha boon. They are launching new kombucha-based drinks with bold claims of various health benefits. Success witnessed by kombucha brands is majorly steered by the rising consumer preference for functional drinks. It seems that the market has fewer hindrances except mixed clinical evidences on kombucha benefits.

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Be it as it may, the kombucha market has witnessed meteoric rise in popularity in developed markets in the last decade. Bolstered by the strength of health-focused marketing campaigns, the demand for kombucha is poised to surge as soon as economies move past the coronavirus crisis.

The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the kombucha market. Some of these are:

  • Kombucha is available in a gamut of flavors, ranging from berries to herbs and spices. Growth witnessed in the herbs and spices segment is expected to rise at 18% over the forecast period.
  • North America and Europe are expected to remain the dominant markets for kombucha. Collaborations between popular kombucha brands and local restaurants and cafes will give significant impetus to the market across these regions.
  • Expansion of organic retail shops to bode well for the kombucha market. Flavored kombucha is often among the best-selling products in these stores.
  • Heightened focus on health and wellness among consumers due to COVID-19 outbreak will enable the market gain pace in the coming years.

Market segmentation

The global kombucha market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Flavour

  • Regular
  • Herbs & Spices
  • Citrus
  • Berries
  • Apple
  • Coconut & Mangoes
  • Flowers
  • Others

Sales Channel

  • Food and Drink Specialty Store
  • Hypermarket/Supermarket
  • Convenience Store
  • Online Retail

Packaging

  • Glass Bottles
  • Cans

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Kombucha, Touted for its Many Health Benefits, to Witness Skyrocketing Sales

Success witnessed in the global kombucha market is majorly steered by the rising demand for healthier alternatives to carbonated drinks. The unprecedented outbreak of the novel coronavirus and easy access to information have rendered consumers more aware than ever before. As per data published by an AI powered food intelligence start-up Tastewise, the mention of “immunity” in food searches rose by an impressive 27% between February 2019 and March 2020. Kombucha is among the grocery items that has particularly witnessed uptick interest since the onset of COVID-19. The rising inclination towards the consumption of organic food entails growth prospects for the kombucha market.

Who is winning?

The kombucha market is a consolidated one, with 50% to 60% of its share belonging to a handful of companies. Although several aspiring manufacturers have mushroomed around the world, lion’s share of the market remains with top manufacturers, mostly belonging from the U.S. In order to make their presence felt, a majority of companies are focusing on advertising. Bold claims with regards to the health benefits of fermented tea and marketing their brands as miracle elixir are common strategies followed especially by local manufacturers to strengthen their foothold in the market. Other than this, leading brands are focusing on product launches and expansion to drive their sales.

  • For instance, Starbucks Corporation began offering kombucha under its brand Evolution Juice, starting 2018.
  • In 2018, RISE Kombucha ventured into expanding its market across the U.S.

Get Valuable Insights into Kombucha Market

Future Market Insights, in its new report, presents an unbiased analysis of the global kombucha market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of flavour, the market can be segmented into regular, herbs & spices, berries, citrus, apple, coconut & mangoes, flowers, and others. Based on sales channel the market can be segmented into food and drink specialty stores, hypermarkets/ supermarkets, convenience stores, and online retail. In terms of packaging the market can be bifurcated into glass bottles and cans. Regionally, the market covers North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, and the Middle East and Africa.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
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United Arab Emirates
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Automotive Wheel Bearing Aftermarket is expected to rise ~3.4% CAGR during the forecast period from the year 2020 to 2030

The automotive wheel bearing aftermarket is growing steadily with the rise in production of higher load carrying commercial vehicles, high performance vehicles, and others. Maintenance of wheel bearings is important to maintain smooth wheel functioning and free rotation of the wheel hub. This is creating increasing demand for automotive wheel bearing aftermarket services.

A new study by Future Market Insights (FMI) states that the global automotive wheel bearing aftermarket is expected to rise at ~3.4% CAGR during the forecast period from the year 2020 to 2030.

Due to the rise in industrialization and economic growth, the demand for automotive wheel bearings is rising. In order to meet necessities of customers, market players are focusing on developing hybrid bearings with improved stiffness and load capacity. With researches underway to improve overall functionality, the demand in automotive wheel bearing aftermarket is expected to surge in the coming years.

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Despite facing hindrances caused by COVID-19 pandemic, the global automotive wheel bearing aftermarket is set to witness impressive growth during the forecast period.

FMI offers an exhaustive overview of the automotive wheel bearing aftermarket, its potential, growth drivers and restraints.

Some of the key takeaways from the report are highlighted below-

  • Independent aftermarket have emerged as preferred sales channels
  • The rising sales of passenger vehicles are fuelling demand for automotive wheel bearing aftermarket
  • The demand for tapered roller bearing is expected to rise at a higher pace among products available in the market
  • Application of automotive wheel bearings in rear will continue accounting for the maximum sales in the market
  • East Asia automotive wheel bearing aftermarket will remain dominant through the forecast period

 “The increase in sales of passenger cars and two wheelers is expected to drive the global automotive wheel bearing aftermarket. Furthermore, the usage of advanced technologies and materials in automotive manufacturing has increased the average operational age of vehicles significantly which in turn is catering to the growth of automotive wheel bearing aftermarket,” says an FMI analyst.

COVID-19 Impact Analysis

The market has been severely affected by the outbreak of COVID-19 pandemic. The decrease in demand for automotive wheel bearings coupled with the decline in growth of automotive industry has hampered the growth of the aftermarket.

Factors such as shutting down of manufacturing units, disruptions in transport and sales channels, scarcity of raw materials, and others have resulted in the declining growth of automotive wheel bearing aftermarket.

With the commencement of vaccination, the automotive wheel bearing aftermarket is anticipated to recover by the end of the year 2021 or beginning of 2022.

Who is Winning

With competition getting fiercer, market players are focussing on launching of extensive range of products with improved flexibility and load carriage capacity.

For instance, NSK Ltd. Has launched their new hub unit bearings with integral sensor located between the rows with a very small air gap in the recent year. They have also launched hub unit bearings with angular passive sensor with integral high-output sensor in the current year.

NRB Bearings Ltd. has launched their exclusive needle roller bearing with high load capacity and flexibility in the current year.

Some of the leading companies operating in the market are NTN Bearing, The Timken Company, Continental Group, AB SKF, NSK Ltd, Schaeffler AG, JTEKT Corp, among others.

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Key Segments

Sales Channel

  • Original Equipment Supplier
  • Independent Aftermarket

Vehicle Type

  • Passenger Car
    • Compact
    • Mid Sized
    • SUV
    • Luxury
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Product Type

  • Ball Bearing
  • Precision Ball Bearing
  • Roller Bearing
  • Tapered Roller Bearing
  • Others

Application

  • Front
  • Rear

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Top Reports Related To Automotive Market Insights

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

Electric Scooters Market : Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
MARKET ACCESS DMCC Initiative
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Severless Apps Market : Notable Developments & Geographical Outlook 2022 to 2031

Severless apps market is expected to grow at a CAGR of 16.6% during the forecast period of 2021-2031. Serverless is a cloud-native development model that permits developers to build and run applications without having to manage servers.

There are still servers in serverless, which are abstracted away from app development. A cloud provider handles the work of maintaining, provisioning, and scaling the server infrastructure. Developers simply package the code in containers for deployment.

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What is Driving Demand for Severless Apps?

Serverless apps market is majorly driven by rapid app development, move from DevOps to serverless computing, and increasing need to eradicate management of servers. Moreover, benefits such improved scalability and cost-efficiency of serverless apps are positively impacting the market growth.

Also, continuous rise in the adoption of cloud technologies and the development of serverless computing in increasing IoT landscape are anticipated to give lucrative opportunities for the global market.

By adopting serverless apps, organizations can efficiently eliminate expensive traditional and time-consuming approaches. It helps in shifting the responsibility of managing servers, application logic, and databases, which eliminates set-up and maintenance costs.

BFSI is Expected to Hold the Largest Share of the Severless Apps Market by End-User

On the basis of end-user, the market for severless apps is segmented into BFSI, government & public, healthcare & life sciences, manufacturing, media & entertainment, retail & ecommerce, telecom & IT, and others. The banking, financial services, and insurance (BFSI) segment dominated the market in 2020 and is expected to grow with the same pace during the forecast period.

Major companies in the BFSI vertical have a substantial user base, deployment of serverless apps has allowed enterprises in auto-scaling to highly variable or an unpredictable demand and resulted in benefitting by handling a variety of functions.

Asia Pacific Demand Outlook for Severless Apps

Asia Pacific is accounted the highest CAGR and is anticipated to grow with the same pace in the upcoming years. Traditional IT infrastructure in the industries like retail, manufacturing, and BFSI are gradually shifting toward automation, which is positively influencing the market growth.

With the adoption of new cloud-based technologies, serverless apps is composed to witness substantial growth during the forecast period. Also, growing investments in digital transformation to eliminate the operational costs is predicted to be a major factor driving the market in Asia Pacific.

Who are the Key Manufacturers and Suppliers of Severless Apps?

Some of the leading players of severless apps market are

  • Amazon Web Services Inc.
  • CA Technologies
  • Alibaba Cloud
  • Dynatrace
  • Galactic Fog IP Inc.
  • Fiorano Software Inc.
  • Google LLC
  • Joyent Inc.
  • IBM Corporation
  • Microsoft Corporation
  • Manjrasoft Pty Ltd.
  • ModuBiz Ltd.
  • Oracle Corporation
  • Realm
  • Platform9 Systems
  • Rackspace Inc. Snyk Ltd.
  • StdLib
  • TIBCO Software Inc.
  • SixSq
  • Tarams Technologies
  • NTT Data
  • Twistlock.

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Severless Apps Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Key Segments

By Services:

  • Automation & Integration
  • API Management
  • Monitoring
  • Security
  • Support and Maintenance
  • Training and Consulting
  • Others

By Enterprise Size:

  • Large Enterprise
  • SME

By End-User:

  • BFSI
  • Government & Public
  • Healthcare & Life Sciences
  • Manufacturing
  • Media & Entertainment
  • Retail & Ecommerce
  • Telecom & IT
  • Others

By Region:

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

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Contact Us:                                                                            

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Water Repellent Agent Market 2022 | Present Scenario and Growth Prospects 2028

Water repellent agent market has been witnessing varied actions and functions taking place to cater to the demand for water repellent agent in a wide range of end user segment. The water repellent agent market players are extending their efforts to ensure reaching greater possibilities for acquiring the market with developments pertaining to an application-specific approach. Moreover, the growth of the water repellent agent market is expected to be driven by technological advancements embracing the globe in the forthcoming years.

New Water Repellent Agent Options to Fuel the Growth of the Water Repellent Agent Market

While every market player in the water repellent agent market is focused towards getting a hold of the market with improved products and customer-centric product delivery, market participants such as Archroma, a color and specialty chemicals company, introduced their universal Smartrepel Hydro AM. Apart from being a latest addition to their product portfolio, this water repellent agent is a highly biodegradable and PFC free durable water repellant protection series. Sustainability given paramount importance, the introduction of this revolutionary water repellent agent with benefits of performance-excellence and environmental-friendly protection is sure to boost the water repellent agent market by opening more opportunities with the element of sustainability.

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Introduction: Water Repellent Agent Market

Water proof and water repellent are the same terms but have a considerable difference in terms of application. In the case of water proofing the surface of the product or fabric is filled with appropriate substances, resulting in having low air permeability. Whereas, in the case of water repellent, the fibres are usually coated with the hydrophobic nature, and the pores are not filled during the course of the treatment. And the fabric or product is permeable to water vapour and air.

Water repellent agent are also known as water resistant agent in the global market. Water repellent or water resistant agent has the ability to resist the penetration of the water to some degree of the wall of any product. These water repellent agent is added to the fabric during the process of the manufacturing of the end product in the global market. There are several types of the water repellent agents are used in the industry to sustain the water penetration through the wall. Silicone is the best materials to use for the water repellent agent.

Market Dynamics: Water Repellent Agent Market

The water repellent agents market is gaining traction in the near future owing to increasing textile manufacturing units due to resilient long-term demand from the increasing consumer base in the emerging markets. Additionally, the growing demand from waterproofing automotive components, and also on increasing expenditure on research activities is projected to create several growth opportunity for the global water repellent agent market over the forthcoming years. Moreover, the surging construction industry growth is also expected to create more growth prospects in the water repellent agents market in the coming future. Capillary absorption of water by concrete is expected to be the key driver for the growth of water repellent agent market.

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In addition to this, the factor responsible for the water repellent agent market demand is the increasing automobile production and sales along with the expanding consumption of water repellents coated windshields. Furthermore, increasing disposable income in the developing and emerging economies is expected to propel the growth of the water repellent agents market in between the forecast period. However, government stringent regulations have limited the use of toxic organic chemicals in the production of water repellent agent, which is expected to hamper the water repellent agent market growth during the forecast period.

Regional Outlook: Water Repellent Agent Market

On the basis of the regional outlook, Asia Pacific is projected to expand at a significant CAGR in the coming forecast period owing to the lucrative growth in expanding textile industry. The countries in Asia Pacific such as China and India are expected to predict positive growth owing to adoption rate of textile yarn manufacturers. Moreover, Consumer preference towards comfortable clothing and affordable price in the region have enriched the demand for fabrics by uniting water repellent technology into the textile production.

North American market is expected to witness for rapid growth the factors for the growth are increasing production capacities, high consumption potential and surge in economic growth rate. The U.S. is expected to be the major contributor to the growth of the North America water repellent agent market. As of 2018, the U.S. accounts for the more than two third of the market value and volume share and is estimated to expand at a moderate CAGR. In Europe, the water repellent agent market is gaining traction in the several countries such as Germany, Italy, the U.K, and Russia due to increasing investment on innovation, as well as on increasing purchasing power of the consumers. However, Europe is the major manufacturers of automobile and automotive equipment which can create more opportunities for the market. Argentina, Brazil and Mexico are the countries in Latin America are expected to witness a substantial growth due to the increasing consumer spending on passenger cars as well as in the implementation of innovative technologies in water repellent agent market.

Some of the key players of the water repellent agents market are the

  • BASF
  • The Dow Chemical Company
  • Evonik Industries AG
  • The Chemours Company
  • Huntsman Corporation
  • Daikin Industries Ltd
  • Blue Star Silicone USA
  • The 3M Company
  • Shin-Etsu Chemical Co. Ltd

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

The report covers exhaust analysis on:

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

Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Segmentation: Water Repellent Agent Market

Water repellent agent is segmented on the basis of type, technology and end use

On the basis of type, the water repellent agent market segmented as

  • Polyurethane
  • Teflon
  • Silicone

On the basis of technology, the water repellent agent market segmented as

  • Water Based
  • Solvent Based

On the basis of end use, the water repellent agent market segmented as

  • Textile
  • Construction
  • Leather
  • Medical
  • Furniture
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Patchouli Oil Market 2022 Global Trends, Emerging Technologies And Growth Analysis By Forecast To 2028

The patchouli oil market, globally, is expected to grow at a CAGR of 2.8% in terms of revenue during the forecast years. Revenue obtained from the global patchouli oil market is projected to reach US$ 86.6 Mn by 2028.

Patchouli oil is extracted from the leaves of the patchouli plant. This extraction is carried out either by steam distillation or hydro distillation. There are two types of patchouli oil depending on the type of equipment used for the extraction procedure – light patchouli oil and dark patchouli oil.

With increased adoption in various end-use industries including cosmetics and personal care—specifically perfumery, aromatherapy, food processing, and pharmaceutical, demand for patchouli oil is projected to grow. However, the patchouli oil demand is anticipated to remain elastic as farmers in the Sumatra Region of Indonesia—largest producer of patchouli oil, are making a shift towards other crops owing to price volatility, thereby impacting the overall development of global patchouli market.

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However, to reverse such market dynamics associated with patchouli oil, global manufacturers are making notable investment to provide sustainable livelihood to Indonesian farmers of patchouli plants. Recently, Givaudan, in its initiative to develop a sustainable patchouli supply chain in Indonesia, is likely to set up patchouli distillation units in the region, along with training patchouli farmers and their families on efficient distillation and agricultural practices.

Joint partnerships between manufactures and farmers in anticipated to translate into good quality patchouli, in the coming years. According to a new research released by Future Market Insights (FMI), the market for patchouli oils in MEA and developing economies of APAC will record comparatively higher growth than in developed markets.

Patchouli Oil Market Structure Analysis

Produced in region pockets of Indonesia, India, China, Malaysia, and Taiwan, patchouli oil is mostly dominated by regional players including PT Mitra Ayu Adi Pratama, PT Aroma Essence Prima, Nusaroma PT, and Eastern Agencies Aromatics Pvt. Ltd, accounting for nearly 45-60 percent market share. However, the multinational players such as Ultra International B.V., Givaudan SA, Takasago International Co., Firmenich SA, and PT Indesso Aroma, having a comparatively larger share in the patchouli oil market than the regional players, hold nearly 20-35 percent market share. Regional players rely on joint partnerships with multinational companies to reach a larger market.

FMI anticipates potential investment opportunities for new players, considering increasing demand for essential oils across several end-use industries, specifically the global fragrance and cosmetics industry in MEA. In addition,

  • Latin America and Eastern Europe are projected to represent notably low demand for patchouli oil, considering the dormant cosmetics and essential oils market in the regions.
  • Demand for patchouli oil in MEA is likely to surpass demand in North America and Western Europe, owing to growing demand for clean label and organic products,
  • Owing to robust distribution networks, demand for patchouli oil in North America and Western Europe is expected to remain promising.

Consumers Demand ‘Clean Labels’ and ‘Purity Certifications’

Paradigm shift towards more organic and natural ingredients in the goods coupled with good manufacturing practices, is estimated to increase the demand for natural and organic patchouli oils in the global market. Moreover, as demand grows for minimally processed, plant derived essential oils such as the patchouli oil offers all-natural alternatives to synthetic food additives and preservatives as effective antimicrobial agents. Manufacturers, on the other hand, could experiment with the average pricing of good containing naturally-obtained patchouli oil. Looking ahead, natural and organic skin care products will be also be boosted by demands for clean label products.

Increasing demand for ‘eco-perfumes’ that no longer have animal notes, are also contributing to the sales of patchouli oil in the global market. Manufacturers are increasingly replacing synthetic perfumes with natural ingredients in perfumes including the patchouli oil, as a fixative. Patchouli oil has found widespread adoption in the perfumery industry, owing to its ability to slow the evaporation process of other volatile oils. Moreover, consumers are also demanding organic certifications natural and pure oil including iFEAT, USDA Organic, and FSSC 22000, translating into higher sales of products with such certifications. FMI anticipated higher demand for organic patchouli oil variants in the coming years, representing an annual growth rate of around 4.4% considering increased efforts by manufacturers to cultivate their own organic patchouli plants and further educate farmers.

Global Patchouli Oil Market: Segmentation

Analysis by Product Type

  • Light Patchouli Oil
  • Dark Patchouli Oil

Analysis by Nature

  • Organic
  • Conventional

Analysis by Extraction Process

  • Steam Distillation
  • Hydro Distillation

Analysis by End Use

  • Cosmetics and Personal Care
    • Hair Care
    • Skin Care
    • Perfumes and Fragrances
  • Aromatherapy
  • Food and Beverages
  • Pharmaceuticals
  • Others (Detergents, Household Cleaning, Insect Repellents)

Analysis by Function

  • Anti-inflammatory
  • Antidepressant
  • Flavoring Agent
  • Mood Harmonizer
  • Deodorizer
  • Others

Analysis by Distribution Channel

  • Direct Sales
  • Indirect Sales
    • Specialty Stores
    • Drug Stores
    • e-Retail

Analysis by Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • India
  • Middle East and Africa

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Key Insights Drawn from Global Patchouli Oil Market Report

  • North America is anticipated to hold around 27.5% share in terms of value in the global patchouli market in 2018, considering a well-established supply chain in the region.
  • APAC patchouli market is projected to witness rapid growth, and register a CAGR of 3.4% over the forecast period of 2018-2018, owing to the increasing demand for patchouli oil in the growing markets of Asia.
  • In terms of product type, dark patchouli oil, will find increased preference aromatherapy, pharmaceuticals, and insecticides.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
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Aircraft Carbon Brake Disc Market was valued at ~US$ 900 Mn in 2018 and projected to increase at a CAGR of ~6% during the projected period of 2019-2029

Future Market Insights has published a new market research report on the aircraft carbon brake disc market that contains global industry analysis during 2014 – 2018 and opportunity assessment during 2019 – 2029. The report covers the latest trends, key success factors, growth influencing factors, key information, forecasting factors, macroeconomics factors, and the past market scenario. The aircraft carbon brake disc market report forecasted that carbon-carbon brake discs will gather significant traction throughout the forecast period, owing to the technological advancement in the product such as reduction in fuel consumption, light weight advantages, and cost-effectiveness. The report analyzes the aircraft carbon brake disc market and provides critical insights for the forecast period of 2019 – 2029. The global aircraft carbon brake disc market was valued at ~US$ 900 Mn in 2018 and is projected to increase at a CAGR of ~6% during the projected period of 2019-2029.

As per the key findings of the report, the global aircraft carbon brake disc market is expected to witness considerable growth in upcoming years, due to the steady increase in aircraft fleet size in the view of growing air passenger traffic. The C-SiC, a silicon carbide infused carbon composite, comes with a 25% reduction in weight as compared to the conventional aircraft brake disc. The above mentioned factors are expected to boost the aircraft carbon brake disc market over the forecast period.

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As weight reduction of aircraft remains a top priority of manufacturers to enhance fuel efficiency, players in the aircraft carbon brake disc market are placing their bets on new technologies and materials to ensure ‘lightweight’ properties and maintain innovation supremacy, according to FMI’s analyst.

Increasing Demand for Leased Aircrafts to Support Aftermarket Sales of Aircraft Carbon Brake Discs

An aircraft is an expensive commodity and requires millions of dollars to manufacture and maintain. Most aircrafts in the fleet of regional carriers are leased aircrafts. The small airline carriers lease aircrafts from major players to avoid high capital investments. In addition, the aircrafts’ landing gears are serviced and certain parts and components, such as brake discs, are changed for a better performance. This, in turn, is expected to drive the demand for aircraft carbon bake disc for both the first fit and retro fit.

Growth in Developing Countries Forecasted to Create Abundant Opportunities  

Aircraft carbon brake disc market is expected to grow at a high rate owing to the increasing investment in the aerospace industry. For instance, heavy investment in the airport development across developing countries such as India, China, Singapore and Malaysia is expected to create significant growth opportunities for aircraft carbon brake disc manufacturers across Asia-Pacific and other regions. For instance, in September 2018, Government of India spent ~US$ 60 Bn on doubling the number of airports it operates to meet the demand of the aviation market. In addition, in December 2018, the Civil Aviation Administration of China (CAAC) aimed to construct around 26 new airports by the end of 2035 to meet the growing demand for air travel across the country. China had a total of 234 civil airports by the end of October 2017, which is likely to hit 450 by the end of 2035. Due to this, there has been a notable increase in the number of aircrafts, creating a healthy environment for the aircraft carbon brake disc market.

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AIRCRAFT CARBON BRAKE DISC MARKET TAXONOMY

The global aircraft carbon brake disc market is segmented in detail to cover every aspect of the market and presents a complete market intelligence approach to the reader.

Material Type

  • Carbon-Carbon
  • Carbon-Composite

Aircraft Type

  • General Aviation
    • Commercial Aircraft
    • Narrow Body Aircraft
    • Wide Body Aircraft
    • Regional Jets
  • Military Aircrafts

Fit Type

  • First Fit
  • Retro Fit

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Aircraft Carbon Brake Disc Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global aircraft carbon brake disc market. Few examples of key players in the aircraft carbon brake disc market are Meggitt PLC, United Technologies, Safran Group, Mersen, Dawin Friction Corporation, DACC CARBON, Honeywell International Inc., Crane Co., Baimtec Material Co., Ltd, Rubin Aviation Corporation, SGL Carbon, THERMOCOAX, CFCCARBON Co., Ltd., among others. Some of the leading aircraft carbon brake disc manufacturers are moving towards high performance carbon composite materials by investing in research &development activities in order to answer consumer demand and gain a competitive advantage over their peers. Moreover, tier-1 manufacturers such as Meggitt PLC, United Technologies, Safran Group, Honeywell International Inc., and Crane Co., account for around above 50% market share in the overall aircraft carbon brake disc market. The global aircraft carbon brake disc market is considered to be a significantly fragmented one.

Top Reports Related To Automotive Market Insights

Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Azelaic Acid Market 2022 Outlook, Current and Future Industry Landscape Analysis 2028

Azelaic acid is an organic compound with molecular formula C9H16O4 saturated dicarboxylic acid and it exits as a powder. The azelaic acid has significant biological activities and is found in daily food products such as, barley, wheat, rye. Azelaic acid is an inhibitor of enzymes in respiratory chain and as well as for DNA synthesis. Azelaic acid is manufactured from the oleic acid in the presence of ozone which acts as a catalyst during the reaction. During the reaction, the by-product produced is called as nonanoic acid. The application of the azelaic acid in the pharmaceutical industry plays an important role for the treatment of the acne. Azelaic acid kills the bacteria which can affect the skin as well as it reduces production of the keratin which is responsible for the acne bacteria. Along with the pharmaceutical industry, it also works significantly polymer and related industrial materials.

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Market Dynamics: Azelaic Acid Market

Therapeutic properties of azelaic acid are being increasingly capitalized by end use industry.  Azelaic acid is used a detoxifying agent in combination with the other raw materials. It is also helpful in acne and used for personal care application. Owing to these and other several benefits, azelaic acid market is expected to gain traction in the market in the coming years. In personal care industry, azelaic acid is often used a clarifying agent in the preparation of cream and ointments. It is also used as an aroma compound in soft drinks. Azelaic acid present in barley is of the most significant use, as it naturally acts a clarifying agent in preparation of wines. Owing to these factors, azelaic acid finds prodigious application in personal care as well as in food industry, owing to which azelaic acid market is expected to exhibit robust growth in between the forecast period.

The high content of azelaic acid in personal care and pharmaceuticals products is unsafe to consume, which could impede the trajectory of the azelaic acid market during the forecast period. Also, fluctuating prices of azelaic acid could also possibly hamper the sales of azelaic acid market. The increasing growth in the end use industries is expected to create trend for the azelaic acid market in the near future.

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Regional Outlook: Azelaic Acid Market

Region outlook of azelaic acid estimated that, the consumption in North America is anticipated to retain a prime position in the market by the end of the forecast period touching a market share of approximately more than twenty percent in terms of volume. Europe region is closely followed by North America in terms of volume. Key players operating in the azelaic acid market can seek potential opportunities from the North America and European leading countries such as, the U.S., Germany, France, etc. owing to numerous opportunities from the end use industries taking place pertaining to this treatment.  Several mergers and acquisitions are also expected to take place between the core players operating in these regions in the coming forecast period. Key players can also find lucrative opportunities in the Asia Pacific, especially from China and India. China is anticipated to expand at a significant CAGR in between the forecast period followed by India. The Middle East & Africa market is expected to create sluggish growth in the market as compared to the Latin America region.

Some of the key players of the azelaic acid market are the

  • BASF
  • Matrica
  • Croda Sipo
  • Emery Oleochemicals
  • Nantong Hengxing Electronic Materials
  • Jiangsu Senxuan
  • Ninghai Zhonglong
  • Hubei Tuochu

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

The report covers exhaust analysis on:

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

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Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Segmentation: Azelaic Acid Market

Azelaic acid market is segmented on the basis of grade and application

On the basis of grade, the azelaic acid market segmented as

  • Pharmaceutical
  • Polymer
  • Technical

On the basis of application, the heavy fuel oil market is segmented as

  • Lubricants
  • Plastics
  • Electronics
  • Pharmaceuticals
  • Personal Care
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Website: https://www.futuremarketinsights.com

MFTPaaS Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2031

The MFTPaaS market is expected to grow by more than 16.8% CAGR in the next five years. MFTPaaS enables cloud-based sharing of information among businesses which helps to transfer files between multiple enterprises or inside an enterprise.

According to latest research by Future Market Insights, MFTPaaS market is set to witness higher growth during 2021-2031. The market will show highest growth in coming years, owing to increasing adoption of cloud computing services and adoption & innovations in advanced technologies. Moreover, security of information and increasing cyber-attacks is expected to hamper the growth of the MFTPaaS market.

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What is Driving Demand for MFTPaaS Market?  

Growing need for adoption of cloud computing services and adoption & innovations in advanced technologies in recent years fuels the growth of the MFTPaaS market. Majority of enterprises adopts innovative enterprise applications for business/information transformation and enterprises also uses advanced data transfer technologies which helps them to secure enterprise data.

It fuels the demand for the MFTPaaS market. Also increasing demand for the advanced technologies such as big data, IoT, penetration of digital technologies is expected to drive the demand for the MFTPaaS market.

Increasing need for Secure File Transfer is Driving the Adoption of MFTPaaS Market      

The enterprises need secure file transfer such as share solutions and enterprise file sync with security, integration, compliance. But along with the cloud computing technology the risk of data breach gas been increased. As well as sophistication in cyber-attacks also fuels the demand for the highly secure data transfer channels/platform for enterprises.

MFTPaaS provides highly secure data transfer channels/platform for enterprises/SMEs and helps to address security vulnerabilities associated with HTTP systems and old FTP. Thus increasing need for secure file transfer owing to increasing number of cyber-attacks is expected to drive the demand for the MFTPaaS market.

Who are the Major Vendors of MFTPaaS Market?

Some of the leading vendors and companies of MFTPaaS market include

  • IBM Corporation
  • CA Technologies
  • Oracle Corporation
  • Axway Software
  • Citrix ShareFile
  • Accellion
  • Software AG
  • Wipro Ltd.
  • Coviant Software
  • Saison Information System
  • Tibco Software among others.

These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for MFTPaaS market.

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MFTPaaS Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Key Segments

By Service Type:

  • System-centric File Transfer
  • People-centric File Transfer
  • Extreme File Transfer

Industry:

  • Government
  • BFSI
  • Retail
  • Manufacturing
  • Energy & Utility
  • IT & Telecommunication
  • Others

By Region:

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

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Future Market Insights
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