Lemongrass Oil Market Earnings Margins, Value Of Production & Consumption Demand Figures 2022-2026

The Lemongrass oil is obtained by extraction of the stalks of the Lemongrass (Cymbopogon) herb. Lemongrass shrubs/plant mainly grows in Asia and cannot be available as fresh throughout the year, but now a days lemongrass oil and lemongrass extract or dehydrated forms are commonly used. According to the discovery health, lemongrass oil is one of the bestselling oil in the world which is used by the culinary artist because of its fresh and enjoyable scent. Traditionally, lemongrass parts as well as its oil have been used as a remedy for various health issues such as, digestive disturbances, behavioral problems, circulatory issues, etc. It is also known as fever grass due to its ability to bring down a fever.  
Lemongrass oil is useful in prevention of growth of some yeast and bacteria, and has antioxidant/ antibacterial properties and an important vitamins such as vitamin A, B2, B3, B6, B5, B1, folate and vitamin C and also provides essential minerals such as copper, calcium, phosphorous, zinc, manganese, iron and magnesium. Due to all these numerous benefits of lemongrass oil market is in high demand. Lemongrass thrives in tropical and subtropical regions, such as India, Malaysia, Sri Lanka, China, Cambodia, and Guatemala.
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Lemongrass Oil: Segmentation

Lemongrass oil market is segmented on the basis of the application, grade and regions. On the basis of lemongrass oil application market is segmented as pharmaceutical, cosmetics & personal care, and food and beverages. As Lemongrass oil possess high medicinal value and used in various treatments since history market demand in pharmaceutical segment is significantly high.

On the basis of lemongrass oil application in cosmetic & personal care products, the product is used in soaps, deodorants, shampoos, conditioner, body lotion, air freshener and tonics. Its essential vitamin contents as well as skin healing properties are driving lemongrass oil market demand in personal care market segment.

Lemongrass oil popularity as fragrance and taste, its demand in food and beverage market segment has grown over the time. It is used in various culinary delights, added to ready-made curries, paired with beef, fish, poultry and seafood’s, it is also used for flavoring tea and soups.

Lemongrass oil market is further segmented on the basis of grades as food grade and therapeutic grade. Food grade is basically for food and beverage purpose and therapeutic grade is for pharmaceutical as well as personal care uses. Lemongrass oil market is later segmented on the basis of regions, as North America North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa.

Lemongrass Oil: Region wise outlook

Latin America and Europe are leading regional markets importing lemongrass oil. However, being origin region of lemongrass oil, Asia Pacific market leading exporter market for lemongrass oil, India and China are major producer markets.

Asia pacific and Europe markets are expected to witness higher growth in forecast period. In Asian countries such as, Thailand, Malaysia, Cambodia, Vietnam and Indonesia, lemongrass oil is a popular ingredient in many culinary delights. The market demand of lemongrass oil is increasing its popularity in flavoring Asian cooking too. Lemongrass oil is gaining popularity from health conscious consumers from Latin America, which is driving market growth in the region.

 Lemongrass Oil: Trends and Drivers

Lemongrass oil has various medicinal, skin care properties as well as health benefits, due to this lemongrass oil is gaining popularity in the worldwide markets. Increasing popularity of lemongrass oil in aromatherapy is driving global market demand. The trending natural oil based personal care product demand by consumers, is another market driver for lemongrass oil.

In addition, lemongrass oil has various health benefits which are related to with essential oil are anticipated to drive the lemongrass oil demand in pharmaceutical and applications medical and the product has no harmful side effects which will help in penetrating the market in future. Also, increasing uses in food and beverage industry for culinary dishes is another major market driver.

Lemongrass Oil: Key players

Some of the key participating players in Lemongrass oil market globally are, The Leburmuth Company, Essential Oils of New Zealand, Young Living Essential Oils, doTerra, Sydella Laboratoire, West India Spices Inc, Falcon ,Rajkeerth Aromatics, Reho natural ingredients etc. among the others.

Lemongrass Oil Market Segments

  • Lemongrass Oil Market Dynamics
  • Lemongrass Oil Actual Market Size, 2014 – 2015
  • Lemongrass Oil Size & Forecast 2016 to 2026
  • Lemongrass Oil Supply & Demand Value Chain
  • Lemongrass Oil Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Lemongrass Oil Technology
  • Value Chain
  • Lemongrass Oil Market Drivers and Restraints

Regional analysis for Lemongrass Oil Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other 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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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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Precipitated Silica Market revenues will reach US$ 5.9 Bn by 2029 – FMI

Precipitated silica is witnessing increased traction from various end-use industries such as automobiles, cosmetics, construction, electronics, and agriculture. Investment in infrastructure, coupled with increasing disposable income will further the demand of precipitated silica used in manufacturing paints, coatings, cosmetics, and oral care products. Global precipitated silica market revenues will reach US$ 5.9 Bn by 2029 supported by a staggering growth rate of over 9% between 2019 and 2029. Market players are focusing on capacity expansion and product innovation to exploit the versatility of precipitated silica (SiO2). Developing regions of the world are expected to lead demand generation by the end of forecast period.

Surging automotive production will lead to an increase in demand for rubber tires which employ precipitated silica to enhance product performance. Similar demand trends can be traced back to adhesive & sealant products in lieu of the pivotal role that precipitated silica plays as a thickening agent and improving bond strength.

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Key Takeaways of Precipitated Silica Market Study

  • Cosmetics lead end-use industries in terms of demand generation with a market share of more than 21%.
  • Electronic end-uses present the most lucrative growth opportunities with a growth-wise market share of more than 19% during the forecast period.
  • Rubber will lead segmentation based on application type, on the back of surging demand for green tires from the automotive industry.
  • Precipitated silica products have found immense utilization in personal care, particularly in oral care products that treat tooth sensitivity. This segment is expected to provide remunerative opportunities.
  • North America is leading with a market share of more than 29% followed by Latin America which garners a market share of 23%.
  • Japan proves to be the future frontier for precipitated silica manufacturers with an astounding growth rate of more than 13% throughout the forecast period.

“Precipitated silica will witness exponential growth on back of surging infrastructure and automotive demand in developing economies. Manufacturers stand to gain from research and development into innovative applications of the product. Major players are making an effort to establish market dominance by investing in capacity expansion.”-FMI Analyst

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Rubber Industry to Increase Market Demand

Propelling mass-adoption of precipitated silica, the rubber industry will influence growth trends during the forecast period. This is attributed to beneficial applications of precipitated silica in increasing road grip and reducing rolling friction. Promoting fuel efficiency, precipitated silica induced tires are referred to as green tires. Green tires have garnered increasing traction on the back of eco-friendly production trends in automotive industry. Consumer trends such as increase in disposable income and awareness of skin friendly cosmetics will generate demand from cosmetics end-use industry. Oral care is another lucrative opportunity that market players are capitalizing with the help of research and development in medical aplications.

Who is Winning?

The global precipitated silica market is fragmented. Major players in the market are investing in capacity expansion and innovative production processes. Important market players that shape the precipitated silica market are Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, Solvay SA, Huber Engineered Materials, and Oriental Silica Corporation.

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What does the future hold?

The future of precipitated silica is personal care. Recent development of patented precipitated silica for sensitive teeth points to this future. Soon, the market will witness a rise in personal and oral care products that employ precipitated silica for its advantageous properties. Research and development verticals in various organizations are studying the chemical properties of precipitated silica with a sharp focus on applications in personal care and cosmetics.

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2-EthylHexyl Acetate Market reach a valuation of US$ 310 Mn by 2029 – FMI

The global 2-ethylhexyl market is expected to witness decent growth at a CAGR of 4% over the forecast period of 2019–2029, and reach a valuation of US$ 310 Mn by 2029.

High boiling point and good solvent power of 2-ethylhexyl acetate maket it a popular solvent in the formulation of paints and coatings. Through continuous exploration of its properties, 2-ethylhexyl acetate is finding application in spray coatings and dip-coating technologies. Thus, rising demand for paints & coatings, globally, is anticipated to fuel the demand for 2-ethylhexyl acetate.

2-ethylhexyl acetate is produced from the by-products of crude oil refineries. Volatilities in crude oil prices are resulting in fluctuations in the prices of petroleum-based hydrocarbon solvents such as 2-ethylhexyl acetate, thereby adversely affecting the profit margins of manufacturers. Hike in the prices of petrochemical feedstock, thus, is expected to impede the worldwide production of 2-ethylhexyl acetate in the coming years.

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Key Takeaways of 2-Ethylhexyl Acetate Market Study
  • Purity ≥ 99% is observed to be most-preferred grade type in the market, owing to increasing demand for high-quality products and tightening regulatory scenario.
  • 2-ethylhexyl acetate is used as a brightener in leather processing, and as an additive in fragrance formulation. Increasing consumption of cosmetic & personal care products is estimated to drive the demand for 2-ethylhexyl acetate as a performance chemical. However, the slow growth of the leather industry can have a negative impact on the market.
  • 2-ethylhexyl acetate is also used as a solvent in printing and screen inks. The demand for 2-ethylhexyl acetate is expected to rise, owing to increased consumption of printing inks in the packaging industry.
  • Emerging economies such as India, China, and Mexico are estimated to witness lucrative growth. The positive outlook for the automotive industry and growth of the paints & coatings industry are major factors offering growth opportunities for the 2-ethylhexyl acetate market in these countries.

“2-ethylhexyl acetate is effectively being used as an alternative to conventional solvents, which have relatively higher levels of volatile organic components (VOCs). Increasing regulations regarding VOC components will propel the demand for 2-ethylhexyl acetate in the foreseeable future.”

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2-Ethylhexyl Acetate Market: Competition Analysis

The global 2-ethylhexyl acetate market is significantly consolidated, with only a few leading market participants accounting for a high market share. Adoption of integrated business models for controlling the procurement of raw material and supply chain network is one of the key strategies adopted by leading market players. Continuous product & technological innovation and development of customized solutions are few of the key trends being observed in the market. Some of the key players identified in the 2-ethylhexyl acetate market are Chemoxy International Ltd., BASF SE, Polynt SpA, and Eastman Chemical Company, among others.

How will the market shape up?

Rapid industrialization across the globe and growing consumption of paints & coatings for both, decorative and protection purposes, will drive the demand for 2-ethylhxyl acetate as an industrial solvent. Apart from this, 2-ethylhexyl acetate is also estimated to witness rise in demand as an additive in cleaners and fragrance formulation. Shifting trend towards the adoption of water-borne coatings or high-solid coatings might hamper market growth in the foreseeable future.

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What does the report offers?

The recent market study published by Future Market Insights offers conclusive analysis on the global 2-ethylhexyl acetate market, and delivers noteworthy insights through organized market research. The report offers in-depth market analysis of historical performance from 2014 to 2018 and opportunity assessment for 2019–2029. The market study provides comprehensive insights on different aspects of the 2-ethylhexyl acetate market based on purity, application, and end use, across the targeted seven regions.

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Propyl Acetate Market to Grow Nearly 2X by 2029, Backed by Increasing Preference for Propyls over Ethyls

Growing preference for propyl acetate over ethyl acetate in several end-use industries, especially in the printing ink industry, is expected to boost its demand in the coming years. A clear, colorless liquid that has distinguishable acetate odor of pears, and is highly flammable, propyl acetate finds application across diverse industries due to its superior solvent and fragrance properties.

According to a recent research report published by Future Market Insights, the propyl acetate market is expected to experience a CAGR of 6.5% during the forecast period of 2019-2029.

Several end-use industries prefer propyl acetate over ethyl acetate due to its cost effectiveness and excellent solvent properties. This is prompting manufacturers to lay more emphasis towards the production of propyl acetate as compared to ethyl acetate.

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Key Takeaways of Propyl Acetate Market Study

  • High purity (i.e. +99%) propyl acetate is the dominant segment, as manufacturers from several end-use industries of propyl acetate prefer high purity to ensure improved performance of end products.
  • Propyl acetate is gaining traction over conventional ethyl acetate in flexography printing, Propyl acetate, on an average, is 30% more economical in terms of solvent consumption, while reducing ink usage by an average of 20%. Retardants such as ethoxy propanol are not required for propyl formulation. This offers considerable advantages when printing food product packaging, significantly reduces scrap percentage, and improves process stability.
  • Substantial demand is anticipated for propyl acetate from the pharmaceutical industry, as it is a well-known fragrance agent for several personal care products. Propyl acetate is widely used in the fragrance, cosmetic, and personal care industry. In fragrances and personal care products, manufacturers often use n-propyl acetate as a flavoring agent. Flavor library of the Flavor Extract Manufacturers Association (FEMA) states that, it has notes of celery, floral, pear, and red fruit.

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Propyl Acetate Market: Competitive Landscape

The global propyl acetate market is moderately fragmented, due to the availability of raw materials required for the manufacturing of propyl acetate, especially at the regional level, and presence of local manufacturers in domestic as well as international markets. Key manufacturers such as Dow Chemical Company, BASF SE, OXEA GmbH, Eastman Chemical Company, and SHOWA DENKO K.K. account for around 28% of the overall market share. North America and East Asia are anticipated to account for a significant share of the global propyl acetate market, owing to significant growth in printing ink industry and increasing preference for propyl acetate over ethyl acetate.

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The research report analyzes the total sales of propyl acetates on the basis of volume (tons) and value (US$ Mn). The report contains a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the propyl acetate market. Opportunities in the market are projected on the basis of factors such as printing ink industry growth, food industry outlook, pharmaceutical industry overview, and expansion in production capacity by manufacturers around the world.

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Car Door Latch Market Overview by Top Players, Regions, Segments, Demand and Forecast till 2027

With the need for effective security in automobiles, the automobile manufacturers are propelling towards enhancing the safety of car door latch systems for offering greater security to passengers.

APEJ to Showcase Tremendous Scope for Penetration of Car Door Latch Market

Amongst the other seven regional segments including Japan, Western Europe, North America, Eastern Europe, Asia Pacific excluding Japan, Latin America, and Middle East & Africa, APEJ region is estimated to be an attractive market for car door latch manufacturers. The production of automobiles is relatively higher in Asian countries such as India and China than in North American and Western European countries. With the sale of nearly 25 million passenger cars in the year 2017 in China alone, APEJ showcases tremendous scope for car door latch business in the forthcoming years, as car door latch is amongst the crucial components required in the production of automobiles.

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Western Europe and North America are seen promoting and adopting vehicle automation on a large scale, owing to which these regions are expected to be highly promising when it comes to production of advanced car door latch mechanisms and smart car door latch systems. Brazil and Mexico inhabit a considerable number of automotive plants owing to which the demand for car door latch is anticipated to gain a boost in Latin America. The Eastern European market for car door latch is also expected to showcase promising growth as major car manufacturing companies focus on setting up production units in its nations. For example, Brose would supply car door latch to the electric taxis which are expected to gain major traction in the European market owing to the stringent emission guidelines in the region.

Manufacturers Shifting towards Advanced Car Door Latch Alternatives for Better Safety and Control

Automobile manufacturers are constantly working towards providing enhanced vehicles that are equipped with the next-generation systems and interiors to improve the overall mobility experience. With advanced systems that offer extended control improve the overall commercial value of automobiles. Moreover, the overall increased purchasing power of consumers which is expected to boost the sales of cars more like a necessity than a luxury is estimated to contribute to the demand growth of car door latch.

Technological advancements are undoubtedly one of the major growth drivers of the car door latch market. With technologies such as enhanced locking mechanisms, smart sensors, touch-enabled locking systems, and others that are emerging rapidly with their introduction in the leading-edge automobiles, the future seems enormously promising for the car door latch market. Furthermore, leading players in car door latch market are focused on producing next-generation car door latch mechanisms to cater to the emerging automobiles of the future. For instance, Kiekert, one of the active players in the market, is innovating car locking systems with their smart car door latch that is designed for the autonomous vehicles, which is technologically advanced and allows opening of doors with fingerprints.

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Car Door Latch Market to Project Robust Growth as Companies Adopt Next-generation Technology for Product Innovation

Market players in the car door latch market are seen innovating their product portfolio with the help of cutting-edge technology such as sensors enabled with wireless technology to bring in efficiency and enhanced security for vehicle occupants. The major car door latch market players contributing to the car door latch market include Shivani Locks Pvt. Ltd., Llc, AISIN Manufacturing Illinois, LLC, Batsons Industries, Kiekert AG, WHEEL MOVERS (INDIA) PVT. LTD, PRABHA ENGINEERING PVT. LTD., Minda VAST Access Systems Pvt. Ltd., Magna International, Inc., Inteva Products, Strattec Security Co., Brose Fahrzeugteile Gmbh & Co., and U-Shin Ltd.

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U-Shin Ltd. a key player in the car door latch market registered a sales growth of over 2 percent in the automotive division with operating income rise owing to the steady movement in their domestic market. These stats reflect a healthy opportunity for their car door latch product designed for the automotive domain.

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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.

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Automotive Differential Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2027

Automotive differential allows the wheels to rotate at different speeds while turning, as the outer wheels have to cover a larger circumference resulting in smooth turning. Other than this, automotive differential helps in multiplying engine power and reducing speed at the output. Automotive differential is the part of rear axle assembly of rear-wheel drives, also consisting of rear drive axles and rear axle housing, which is the final end of drive train. Pinion bearings, spider & side gears, side bearings, differential case and differential drive gears are some of the components incorporated in differential assemblies. The global automotive differential market is expected to show single digit growth over the forecast period. This is due to the reason that OEMs are shifting their focus from two-wheel drive to four-wheel drive and open differentials to electronic components differentials to enhance fuel-efficiency for increasing vehicle performance. Asia Pacific market is expected to dominate the global automotive differential market over the forecast period. 

Automotive Differential Market: Dynamics

Drivers: 

Strong demand for crossovers and SUVs across the U.S. and Europe owing to comfortable rides and extra boot space is the key factor for the growth of global automotive differential market. Furthermore, decline in auto loan interest rates leading to increasing car sales across the U.S. is another driving factor for global automotive differential market over the forecast period. Moreover, simple design, quiet and smooth operation and no requirement of friction modifiers by limited slip differentials are expected to drive the market of automotive differential over the next decade.

Restraints:

Limited sensitivity of electronic control unit (ECU) differentials through delay in response time actuators and time caused by sensors are the factors hindering the growth of global automotive differential market over the forecast period.

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Trends:

Adoption of electronically controlled limited-slip differential system in mid-segment cars and increased focus of automotive manufacturers to replace mechanical components/parts with compact electronic components are gaining traction in the market. This is due to its full traction benefit, driving benefits, handling benefits during sudden yaw dampening and demand for electronic parts in place of mechanical parts due to minimized wear and tear resulting in cutting down the maintenance costs.

Automotive Differential Market: Segmentation

Global automotive differential market is segmented on the basis of product type, vehicle type and motive mechanism. On the basis of product type, global automotive differential market can be segmented as open differential, locking differential, limited-slip differential, electronically controlled limited-slip differential and torque vectoring differential. On the basis of vehicle type, global automotive differential market can be segmented as passenger cars, light commercial vehicles and heavy commercial vehicles. On the basis of motive mechanism, global automotive differential market can be segmented as two-wheel drive (2WD) and four-wheel drive (4WD).

Automotive Differential Market: Market Participants

Some of the examples of market participants of global automotive differential market are:

  • GKN plc
  • Eaton
  • Auburn Gear, LLC
  • AAM
  • Auburn Gear
  • Powertrax
  • The Schaeffler Technologies AG & Co. KG
  • Jiangsu Pacific Precision Forging Co., Ltd. (PPF)
  • JTEKT Corporation
  • Neapco
  • Dana Limited

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Automotive Differential Market: Region-wise Outlook

Asia Pacific is expected to be the dominant market in terms of revenue and volume as the demand for four-wheel drive is expected to gain popularity over the next decade in countries such as India, China and South Korea. Western Europe, followed by North America is expected to gain traction owing to increasing demand for passenger cars and show significant growth over the forecast period. Latin America and Eastern Europe automotive differential markets are expected to show slow growth as in these regions the two-wheel drive is popular, and is expected to decline. Middle East and Africa automotive differential market is expected to show steady growth since the adoption of advanced technology related to four-wheel drive in countries such as UAE, Qatar, and Saudi Arabia is relatively high.

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.

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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

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.

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Propanol Market projected to experience steady growth during the forecast period of 2022-2029

Growing utilization of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is expected to pave the way for its robust sales during the projected timeline. This is the main factor as to why the global propanol market is estimated at US$ 2.8 billion in 2019, and is projected to experience steady growth during the forecast period of 2019-2029. East Asia will see the most opportunities for manufacturers over the period of forecast, with pharma- and electronic-grade isopropanol experiencing increasing sales.

Increased preference for light-feed petrochemicals in developed regional propanol market, dearth of propylene supply, and subsequent price hike are likely to impact the production of isopropanol from propylene feedstock. Such volatility in propylene prices, is, therefore, influencing isopropanol manufacturers to embrace acetone-based isopropanol production approaches. As the method delivers pharma- and electronic-grade isopropanol, production will be beneficial for the growth of the propanol market.

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Key Takeaways from Global Propanol Market
  • In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
  • Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
  • Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

 “Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

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The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

East Asia Set to Become Self-sufficient in Propanol

In the year 2012, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2010-2018, massive addition in capacity has made China a prominent producer in Asia Pacific. In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with approximately 60% utilization rate.

Looking for More Information?

A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market, and offers comprehensive information with historical demand data for 2014-2018 and forecast statistics for 2019-2029. The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions. This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

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Industrial Air Compressor Market is projected to valued at ~US$ 26.7 Bn in 2021

[250 Pages Report] Increasing investments in mechanical equipment will pave the way for the expansion of the industrial air compressor market in the coming years. As per a Future Market Insights (FMI) analysis, the industrial air compressor market is projected to be valued at ~US$ 26.7 Bn in 2021.

The ongoing crisis caused by the COVID-19 pandemic has caused a severe impact on the global economy. It has resulted in complete shutdown of the supply chain networks and manufacturing activities. This has subsequently affected the industrial air compressor market, causing a significant drop in the growth. However, the industrial air compressor market is expected to recover as the economic activity resumes following the containment of the pandemic.

Manufacturers of industrial air compressors are focusing on the development of digitally controlled systems such as compression solutions with automation and digitalization. This in turn is expected to create positive growth prospects for the growth in demand for industrial air compressors.

Also, the consistently rising demand from the oil and gas sector will remain a key growth driver. According to the report, both oil & gas and automotive & transportation industries will account for maximum sales in the market through the forecast period. Expansion of these industries will therefore present attractive opportunities for growth in the near future.

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Key Takeaways from the Industrial Air Compressor Market Study

  • Industrial air compressor market will register a CAGR of ~4.6% over the forecast period of 2021-2031
  • Expansion of oil exploration activities have placed the U.S. as a chief market, which accounts for over 70% sales within North America
  • Improving production in the automotive sector will fuel demand in the U.K., enabling above 6% y-o-y growth in 2021 in terms of value
  • Application across diverse sectors will drive growth in industrial air compressor market in Germany and France
  • Rising demand for power generation will push growth in Japan and China

“The main catalyst behind the growing popularity of air compressors is the innovation that goes into newer models in the market. In economic downturns, sales of air compressors are less likely to witness significant gains in some of the world’s more developed markets. Nonetheless, the technology will always have thriving markets as long as there are developing countries are eager to compete with the industrialized world.” says a Future Market Insights analyst.

The industrial air compressor market is expected to be a high-opportunity market in the forecast period owing to increasing demand from various manufacturing and production industries as well as investments in oil & gas and power generation sectors, which are expected to drive the demand through the forecast period. Moreover, manufacturers are emphasizing on developing digitalized and customized products as per customer demands along with improved technology, life cycle, higher efficiency and less maintenance cost. These factors are expected to positively influence growth in demand for Industrial air compressors during the forecast period.

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Competitive Landscape

The industrial air compressor market is highly consolidated, in which the leading players account for more than three fourths of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are Atlas Copco, Baker Hughes, Anest Iwata Corporation, General Electric, Hitachi Industrial Equipment Systems Co., Ingersoll Rand, Burckhardt, MAN SE, Siemens Energy AG, Ariel Corp., and Bauer Kompressoren GmbH, among others. These players have higher shares in the global market, and have longstanding relationships with a number of end users, giving them an upper hand over their peers.

Find More Valuable Insights

The research report analyzes the market demand trends of subsea multiphase flowmeter. The global market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of subsea multiphase flowmeter. As per Future Market Insights research scope, the subsea multiphase flowmeter market has been studied and segmented on the basis of pipe size, application, construction material and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Industrial Air Compressor Market by Category

By Technology

  • Rotary
  • Reciprocating
  • Centrifugal
  • Axial

By Capacity

  • Upto 500 HP
  • 500 – 2000 HP
  • 2000 – 5000 HP
  • 5000 – 12000 HP
  • 12000 – 20000 HP
  • Above 20000 HP

By Compression Stage

  • Single Stage
  • Double Stage
  • Multistage

By Driver Type

  • Electric
  • Natural Gas
  • Fuel Driven

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By End Use

  • Automotive and Transportation
  • Oil and Gas
  • Power Generation
  • Chemicals
  • Food and Beverages
  • Pharmaceuticals
  • Mining and Metals
  • Industrial Air Separation
  • Other manufacturing

Region

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

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.

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Soft Magnetic Composites Market reaching a value of US$ 80 Bn in 2029 – FMI

Soft magnetic composites (SMCs) are used extensively in the automotive industry for their ferromagnetic properties. Majorly driven by this, global soft magnetic composites market is projected to exhibit a robust CAGR during the forecast period of 2019-2029, reaching a value of US$ 80 Bn in 2029. Correct SMC combination provides a technology that consumes less energy, is optimally efficient, and capable of use in extreme frequencies and temperatures.

High demand is witnessed from the automotive industry for electronic components such as motors, inductors, and other electronic machines that enhance reliability and efficiency. Moreover, the industry demands space reductions of components such as inductors that capture a lot of space. As a result, efforts to attain balance between working efficiency and smaller dimensions, have propelled the use of soft magnetic materials such as soft magnetic composites.

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Key Takeaways

  • Demand for electrical steel segment is expected to grow at a healthier rate. Its market share is anticipated to increase owing to application in different end-use industries, along with cost-effective nature of the material.
  • 5P type, though most expensive, is prominently used in the power generation industry. As the demand for this segment is increasing, SMC manufacturers are under high pressure to reduce its price.
  • The Asia Pacific region holds a prominent share of soft magnetic composites market owing to the constantly increasing presence of strong electronic and automotive sector in countries such as China, India, ASEAN Countries, and Japan.
  • East Asia is projected to be a hub for electronic industry, countries such as China, are anticipated to be at the epicenter of opportunities in the electronic industry.
  • Soft magnetic composites are increasingly gaining traction within the 3D-printing technology space.

SMC are advantageous as they offer the possibility of developing three dimensional shapes with complex geometry in extreme conditions, along with being cost effective and energy efficient. Moreover, acceptance of new technologies in automotive and consumer (electronics) goods industry such as 3D printing has paved a path of new opportunities for soft magnetic composites market.

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Market Landscape Moving towards Consolidation

The soft magnetic composites market is highly consolidated owing to the prominence of handful of players with extensive R&D capabilities. Key manufacturers in the tier I such as GKN Powder Metallurgy (Melrose PLC) and Hitachi Metals Ltd. are pushing towards consolidation by opting for growth strategies such as acquisitions, joint ventures, and others.

What Does Future Hold?

In the coming years, as purchasing power of customers in developing regions grows, demand for soft magnetic composites is also anticipated to increase. Demand for cost-effective and energy-efficient materials from automotive and power generation industry is going to be the major driving force for the SMC markets. Introduction of new technologies such as 3D printing is will open an opportunity door for the SMC market.

Know More About Report Inclusions

Future Market Insights has published a market research report on the soft magnetic composites market that contains global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The report provides insightful analysis of the Soft magnetic composites market through three different segments, namely material, type, application, end-use industry, and region. The soft magnetic composites market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world along with a detailed overview of the parent market.

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Yacht Market Emerging Growth Analysis, Future Demand and Business Opportunities 2027

A Yacht is a vessel which is primarily used for pleasure and recreational purposes. Though some yacht are used for commercial purposes, but count of such yachts is very less. The size of yachts can vary from 35 feet in length to more than 160 feet in length. Moreover, yachts can either be sailed or powered by a propulsion system such as internal combustion engine or gas turbine. Most of the yachts are used for high speed recreation and sports purposes. With technological advancements have led to transformation of yacht racing not just as a hobby but as a sophisticated Sport. Many of the Original equipment manufacturers are focusing on implementing alternative sources of energy for yachting purpose. Yacht brokers play an important role in the resell and purchase of new yachts. They act as mediators which help their clients to select suitable yachts according to their purpose and application. They help in improving the supply chain structure of the company, which has a significant impact on the growth of yacht market across the globe. Yachts can be made of various materials such as steel, aluminum, fiberglass, wood, carbon fiber or treated wood with epoxy resins. Moreover, vessels with height more than 100 feet are termed as mega yachts and vessels with height more than 200 feet are termed as super yachts. 

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Yacht Market: Market Dynamics

In the recent years inclination towards marine tourism and water sports has increased multifold. Owing to this OEMs are strategically focusing on developing high speed yachts which could cater to the advancing demands of the customers. Moreover, super yachts or large yachts which are custom build according to the demand is anticipated to witness an incremental growth in demand over the assessment period for luxury and recreational purposes. This will create opportunities for further augmentation of yacht market over the forecast period. Furthermore, with increasing focus on alternative fuels, solar powered yachts are becoming a popular alternative to replace conventional diesel powered yachts. Manufacturers of cruiser yachts are focusing on increasing the luxury features with improved performance characteristics for better on water experience. This will further increase the demand of cruiser yachts for on water recreation purposes. Yachts are more often made of wood, but a recent shift in trend has led to introduction of yachts which are made up of wood and composites for better performance. This will further create opportunities for augmentation of the said market over the assessment period. Moreover, in order to reduce the production cost, manufacturers are shifting towards the utilization of modular construction method for yacht building.

Stringent emission norms and safety regulations derail the growth of yacht market. Owing to many speed, emission and design regulations, the manufacturers are investing on implementing new technologies in their products. This will increase the initial cost of yachts which would have a negative impact on the sales. Moreover, apart from recreation, luxury and sports sailing yachts do not find much use for transport of goods and passengers. This could further restrain the growth of the market over the assessment period.

Yacht Market: Key Participants

  • Brunswick Corporation
  • Bavaria Yachtbau GmbH
  • Baglietto s.p.a
  • Azimut Benetti
  • Cheoy Lee Shipyards Limited
  • BENETEAU
  • Damen Group
  • Blohm+Voss B.V. & Co. KG
  • FINCANTIERI S.p.A.
  • Heesen Yachts B.V.
  • Lürssen Werft GmbH & Co. KG
  • Oceanco

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)
Yacht Market: Market Segmentation 

On the basis of Design, global yacht market can be segmented into:

  • Cruiser
  • Sailing boats
  • Superyachts
  • Motorboats

On the basis of type of hull, global yacht market can be segmented into:

  • Monohull
  • Multihull

On the basis of type of length, global yacht market can be segmented into:

  • Less than 24m
  • More than 24m (Pleasure ships)

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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

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,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries:
 press@futuremarketinsights.com
Website:
 https://www.futuremarketinsights.com/