Electronics Adhesives Market is estimated to expand at a healthy CAGR of more than 8% over the forecast period of 2021-2031

The increasing demand for electric vehicles across the globe is one of the key factors driving the global electronics adhesives market. As per analysis by Future Market Insights (FMI), the global electronics adhesives market is estimated to expand at a healthy CAGR of more than 8% over the forecast period of 2021-2031.

The automotive sector has witnessed notable growth in recent years, which is expected to continue in the coming decade, with the influx of electric vehicles and the incorporation of electronic systems in automotive models. Strong demand from the automotive and mobile and telecommunications industries is expected to fuel growth of the electronics adhesives sector. The demand for polyurethane adhesives is extremely high, will continue to hold a major market share over the next decade.

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The demand for electronics adhesives is anticipated to increase substantially in the near future owing to the growing applications in consumer electronics, driven by the growth in population and rise in disposable incomes.

Factors such as miniaturization of existing electronics products in order to increase efficiency, the adoption of surface mounting technology over soldering and welding, the growing popularity of electric vehicles are factors which are shaping the prospects of the market for the forecast period. However, the high cost of installation for the production of manufacturing equipment is hindering the global electronics adhesives market.

Key Takeaways from Electronics Adhesives Market Study

  • Polyurethane adhesives will hold dominant market share of over 50% through the end of 2031, owing to extensive use in automotive systems.
  • Electronics adhesive applications in the mobile and telecommunication sector is expected to reflect a 9.1% CAGR, owing to the widespread penetration of these technologies.
  • Increasing requirements for surface mounting technology as an alternative for welding and soldering has accounted for over 16% of the market in 2021.
  • Steadily increasing passenger vehicle production will drive growth in the U.S. It is expected to account for 82% of sales in North America in 2021.
  • China is the largest and fastest growing market for electronics adhesives holding 43% of the East Asia market due to its presence as an international manufacturing hub.
  • Germany holds the lead in the Europe electronics adhesives market with a valuation of US$ 359.7 Mn in 2021. Growth in Germany will be driven by the presence of well-established manufacturing facilities for automotive production.
  • India is emerging as a lucrative market owing to investments in the manufacturing and automotive sectors in.

“With competition increasing at a rapid pace, there is immense focus on expansion of production capacity and regional footprint. To achieve this, the market players are focusing on mergers and aquisitions,” says an analyst of Future Market Insights.

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Who is Winning?

The global electronics adhesives market has been identified as a moderately consolidated market, with the Tier-1 manufacturers accounting for a significant share of the overall revenues, particularly in North America and Europe.

Some of the leading players included in the report are 3M, Dymax Corporation, DOW Inc., Henkel AG & Co. KGaA, H.B. Fuller Company (Royal Adhesives & Sealants LLC), Evonik Industries AG, Sika AG, Bostik AG, ThreeBond, Shin Etsu Silicones, Konishi Co, LTD., TERAOKA SEISAKUSHO CO., LTD., and TOMOEGAWA, YAMATO Co., Ltd. which are anticipated to create a tough competitive environment at the global level.

Want to Know More?

Future Market Insights has published a market research report on the electronics adhesives market that contains global, regional, and 20+ countries’ industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the electronics adhesives market through four different segments- material, application, end use and region. The electronics adhesives market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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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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2-EthylHexyl Acetate Market sales to reach a valuation of US$ 783.6 Mn in 2029 – FMI

Future Market Insights (FMI) has forecast the 2-EthylHexyl acetate market to grow with a year on year growth of 4.5% in 2022 reaching a value of about US$ 228.5 Mn by 2022 end. The global sales is anticipated to witness a considerable CAGR of 4.6% during the period of 2022 and 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.Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-10974
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.

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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2-EthylHexyl Acetate Market Market By Category

By Purity :

  • Purity ≥ 99%
  • Purity < 99%

By Application :

  • Industrial Solvents
  • Performance Chemicals

By End Use Industry :

  • Automotive & aerospace
  • Paints & Coatings
  • Leather Industry
  • Cleaners & Paint Stripping System
  • Others

By Region :

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

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.

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Beverage Crates Market Future Trends, Industry Size and Forecast to 2030

“The beverage crates market is expanding steadily owing to the rise in demand in various applications such as bottled water, beer, wine, fruit juices, and others. A recent study by Future Market Insights (FMI) states that the global beverage crates market is expected to grow at 4.9% CAGR during the forecast period between 2022 and 2030.”

The increase in demand for high-density polyethylene (HDPE) is expected to further propel the growth of the market in the coming years. As HDPE products are very safe due to their excellent chemical resistance and good low temperature impact properties, they are highly required in production of beverage crates for both alcoholic and non-alcoholic drinks.

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According to FMI, East Asia will continue to hold the leading share in the global market for beverage crates.  COVID-19 has resulted in temporary decline in growth of the global food & beverages industry causing sales of beverages crates to decelerate. However, it is poised to recover steadily as sales pick up with the recovery of the food & beverages sector.

Studies reveal that COVID-19 has accelerated the trend towards sobriety. An Opium survey revealed that around 14 million people in the U.K. are trying to either reduce or stop drinking alcoholic beverages during lockdown. Consequently the non-alcoholic segment is exploding, which will continue creating lucrative prospects for growth of the beverage crates market.

FMI offers a thorough analysis of the global market along with information on growth drivers, restraints, and potential.

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

  • HDPE will remain highly preferred material used for making beverage crates
  • The demand for nestable and stackable beverage crates will continue rising through the forecast period
  • The rise in application of beverage crates in alcoholic drinks is expected to propel growth of the market during the forecast period
  • East Asia will dominate in the global beverage crates market. China is expected to emerge as the most lucrative market for beverage crates in the region
  • Europe will emerge as another lucrative region in the global market

“The demand for beverage crates is expected to rise after a temporary period of lull due to COVID-19 outbreak. Growth trends will remain positive as both developed and high potential markets recover around the world. Reopening of the food service sector in China, for instance, will give impetus to the East Asia market. Likewise, steadily rising demand from the U.S. food sector will aid overall expansion of the market in the coming years,” said an FMI analyst.

Key Segments Covered in Beverage Crates Industry Research

Beverage Crates Market by Material Type:

  • HDPE (High-density polyethylene)
  • PP (polypropylene)
  • Others

Beverage Crates Market by Product Type:

  • Nestable and Stackable
  • Collapsible

Beverage Crates Market by Application:

  • Alcoholic Drinks
    • Beer
    • Wine
    • Spirits
    • Other Alcoholic Beverages
  • Non-alcoholic drinks
    • Fruit juices
    • Carbonated drinks or soda
    • RTD beverages
    • Bottled water
    • Tea & coffee
    • Milk Products

COVID-19 Impact Analysis

The beverage crates market got highly affected due to the outbreak of the novel coronavirus, especially during the first half of this year. Various restraints such as non-operational manufacturing units, shortage of labors, and others have led to decline in the growth of the market.

Though the food & beverages industry got battered in the onset of the pandemic earlier in this year, it is recovering slowly and forecast to grow further. According to the National Statistics of the United States, the food & beverages segment in the United States is projected to reach US$ 18,702 million by 2021. With the world settling down to the ‘new normal,’ the market also has started recovering steadily and is expected to grow exponentially through 2030.

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Who is Winning?

The key players in the global beverage crates market are operating amid cut-throat competition. In order to sail through the highly competitive environment, they are launching more varieties of quality products.

For instance,

  • Supreme Industries Limited launched its new range of nestable and stackable crates such as NS CRATE SCH, NS CRATE SSP, NS CRATE STP, NS CRATE NESTING, NS CRATE STACKING, and others in the year 2022
  • TranPak, Inc. launched its new extensive range of beverage crates such as VersaCrate 6,7”, Macro Bin 26 Solid, and others in the year 2021

More Valuable Insights on Beverage Crates Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global beverage crates market, providing historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of material type (HDPE (High Density Polyethylene), PP (Polypropylene)), product type (nestable and stackable, collapsible), application (alcoholic drinks (beer, wine, spirits, other alcoholic beverages), non-alcoholic drinks (fruit juices, carbonated drinks/soda, RTD beverages, bottled water, tea & coffee, milk products), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

 

 

About us:

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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Packer Bottle Market Latest Advancements and Business Opportunities 2031

“Over the last few years, packaging bottles have emerged as a convenient packaging solutions, especially for pharmaceutical, food, chemical industries among others. According to a report by Future Market Insights (FMI), packer bottles market is expected to surpass US$ 5.31 Bn by 2031.”

Packer bottles are light in weight, small in size, and cost effective packaging solutions predominantly used to pack, carry and store a variety of industrial and non-industrial solutions. Owing to their portability, child resistant packaging and recyclability, packer bottles are experiencing substantial rise in demand in the global market.

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In terms of availability, there are variety of packer bottles made up of plastic and glass available in the market. FMI predicts that, the manufacturers operating in the global packer bottle market to have ample opportunities to maximize their sales, as manufacturing output and packaging needs form pharmaceutical and food sectors is consistently rising.

According to the report, plastic will remain most preferred material owing to its pricing affordability and light weight mass. Among end users, pharmaceutical sector is expected to account for the lion’s share.

Key Takeaways from Packer Bottle Market

  • Packer bottle sales will consistently, despite a temporary set-back amid COVID-19 outbreak. FMI predicts the market to rise at 5.4% CAGR between 2021 and 2031
  •  Within North America, the U.S. is expected to account for over 85% of sales in 2021
  • Temporary period of lull amid pandemic will cause sales to dip in the U.K. However, recovery is likely 2022 onwards
  • Germany and France are expected to showcase marginal improvement in packer bottle sales in 2021
  • Despite China’s dominance, Japan and South Korea markets will exhibit higher growth within East Asia

“Incorporation of recent advancements in packer bottles such FDA-approved and child resistant packaging solutions, coupled with excellent light and moisture barrier properties, has widened scope for application in several end use industries,” says FMI analyst.   

Packer Bottle Market by Category

Material

  • Plastic
    • High Density Polyethylene (HDPE)
    • Polyethylene terephthalate (PET)
  • Glass

Capacity

  • 100cc & Below
  • 200cc
  • 300cc
  • 400cc

Application

  • Tablet & Capsules
  • Powder & Granules
  • Liquid

End Use

  • Pharmaceuticals
  • Chemicals
  • Food & Beverages Ingredients
  • Other Industrial

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Demand for Damage Resistance and Spill-proof Packaging Solutions in Pharmaceuticals Driving Sales

Aseptic and spill proof packaging is always a prime concern for end users, especially in case of pharmaceuticals and liquid food packaging. Packer bottles are mostly made up of plastic that offers high tear resistant to the inside product during transit. Therefore, this type of packaging solution is used frequently in pharmaceutical industry for packing, sealing, storing, and transporting extensive range of solid and liquid form of pharmaceutical drugs.

Further, packer bottles fulfil precise packaging requirement of pharmaceutical industry as they are offer a multitude of benefits, including efficiency in botyh low & high temperature and impact resistant, child resistant, non-reactive to chemicals, and leak & seep proof. On the other side, rapidly rising healthcare and pharmaceutical spending by individuals will bolster the sales of pharmaceuticals drugs, which will further create considerable demand for rigid packaging solutions including packer bottles.

Who is Winning?

Berry Global Group, Inc, Amcor Plc and Gerresheimer AG are among the top players operating in the packer bottle market. Some of the other key players operating in the market are Graham Packaging Company, Maynard & Harris Plastics and Alpha Packaging, Inc. The Tier 3 players in the market hold 65-70% in the global packer bottle market. In conclusion, key players contribute almost 30-35% of the global market.

 

About us :

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.

 

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
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Textile Staples Market will showcase 4.8% CAGR, with China and India making significant contributions to the market

As per the latest study conducted by Future Market Insights (FMI), towards the end of 2027, the global textile staples market will reach a valuation of US$ 201,197.5 Mn, reflecting a moderate CAGR of 4.9%. The global market for textile staples, which is currently valued at over US$ 124,915 Mn is also projected to witness a steady rise in terms of value during the forecast period (2017-2027). Around 55,782 KT of textile staples is expected to be produced by 2017-end. It is estimated that the volume-wise growth of the global textile staples market will showcase 4.8% CAGR, with China and India making significant contributions to the market.

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The FMI’s report titled “Textile Staples Market Global Industry Analysis 2012 – 2016 and Opportunity Assessment, 2017 – 2027” has identified multiple factors influencing the global textile staple market throughout the ten years of the forecast period. In developed regions such as North America and Europe, manufacturers of textiles are shifting their focus from commodity goods to value added products. Therefore, manufacturing of generic textile products as compared to niche technical textile products is expected to slow down in the near future. In addition, the global market is anticipated to be majorly driven by growing application of technical textiles in large sectors such as construction and automotive. In emerging countries, rising disposable income is significantly boosting the market growth.

The report has also assessed that both production and consumption of synthetic fibre will soar in near future. Further, the demand for special textile materials and products which are manufactured primarily for specific applications have gained considerable traction in recent years. Application of such textile is increasing exponentially in automobile industry owing to their superior quality and technical capabilities.

Global Market for Textile Staples- Forecast Highlights

  • Based on natural fibre textile staples, cotton is expected to account for the largest share of the market over the forecast period. The cotton segment is expected to create a total incremental opportunity of US$ 34,924.5 Mn between 2017 and 2027. Retailers are labelling their products as being environmentally friendly to gain a competitive advantage in the market.
  • By synthetic fibre, around 26,051.8 KT of polyester textile staples is expected to be produced by the end of the assessment period. Currently, polyester is the most preferred type of synthetic fibre for textile staples.
  • Towards the end of forecast period, application of textile staple in manufacturing apparels is projected to contribute nearly US$ 93,974.4 Mn. However, demand for textile staple from the automotive and construction sections will be robust in 2017 and beyond.

Among region, the Asia Pacific excluding Japan (APEJ) is expected to emerge as the largest market for textile staple over the forecast period. Growth in sectors such as automotive & transportation coupled with increasing spending power is primarily favouring the market’s growth in the region. Meanwhile, North America will retain is second spot and account for a sizeable share of the market over 2027.

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Competitive Dashboard

Key players in the market are laying emphases on R&D activities to enhance wear-ability of E-textiles, fabrics that enable digital constituents and electronics to be embedded in them.

E.I. Du Pont de Nemours and Company, Lenzing AG, International Fibers Group, Invista, Thai Acrylic Fiber Co. Ltd. (Aditya Birla Group), Toray Group, Chori Co., Ltd., W. Barnet GmbH & Co. KG, Cellulose Cotton Wool Corporation of India, Teijin Frontier Co., Ltd., Belgian Fibers SA, Grasim Industries Limited, Indorama Ventures Public Company Limited, Reliance Industries Limited, Synthesia, AS, The Woolmark Company are some of leading companies operating in the global textile staples market.

Queries regarding these research findings can be addressed to Future Market Insights’ analysts at press@futuremarketinsights.com

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com

 

 

Quadriplegia Treatment Market Expected to Exhibit at a CAGR of 4.1 % During the Forecast Period of 2022-2031

According to the latest research by Future Market Insights, quadriplegia treatment market is expected to grow at a CAGR of 4.1% during the forecast period. The demand for quadriplegia treatment will progressively rise, which will provide manufacturers with numerous favorable development opportunities in the near future.

What are the key Drivers of Quadriplegia Treatment Market?

Quadriplegia is caused by spinal cord injury which is caused due to trauma at the base of the neck or skull. Some of the common causes of quadriplegia, otherwise known as tetraplegia are paralysis after any accident, tumors of the spinal cord or other spinal cord diseases. The injury to the spinal cord may cause partial or total limb paralysis.

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According to 2020 data sheet of Spinal Cord Injury Statistics, it was estimated that approximately 17,810 new cases of spinal cord injuries occur every year in the U.S. Some of the reasons for quadriplegia include stroke, vehicular accidents, falls, violence, sports, medical or surgical causes and others.

According to WHO statistics, published in June 2021, 20-50 million people suffer from road traffic accidents every year which lead to non-fatal injuries yet permanent disabilities to them. With the increasing rate of road traffic accidents, the demand for quadriplegia treatment is set to show a positive growth over the forecast period.

Recent technological advancements and various R&D activities in the field of quadriplegia treatment are one of the leading causes which will boost the demand for this market in forthcoming years. There is an increased level of awareness amongst the patients suffering from spinal cord injuries about various treatment options available to improve their quality of life. This is another factor which will propel the demand for various treatments for quadriplegia during the forecast market.

Electrical Stimulation: Revolutionary Technique that Got Quadriplegic People Back on their Feet.

Electrical stimulators which were originally designed to treat chronic pain helped more than a dozen patients with quadriplegia to wiggle their toes, flex their legs or even walk with support.

This was a revolutionary technique which was conducted in the lab of University of Louisville in Kentucky. Electrical stimulation thus made promising and huge gains for people with paralysis wanting to regain their functionalities. The study was published in July 2019, after which thousands of patients have enrolled in the wait lists for the electrical stimulation technique.

U.S. and Canada Quadriplegia Treatment: Regional Outlook

U.S. and Canada region was found to be the largest market for the diagnosis and treatment of spinal cord injury (SCI). Increasing awareness and advanced technologies are the main drivers of this market. Most of the accidents found that alcohol was one of the most important factors; that is, approximately 25% of spinal cord injuries.

In the United States, the average annual medical cost for treating an acute spinal cord injury has been found to be in the range of $ 15,000 to $ 30,000 per year. All these factors are expected to drive the market growth of quadriplegia treatment market and offer lucrative opportunities for the providers.

Europe Quadriplegia Treatment: Regional Outlook

Europe was observed to be the second largest market, region wise for the quadriplegia treatment industry. Some of the factors contributing to this large market share are the presence of leading research institutes in the region for various neurological disease diagnosis and treatment. Increased awareness regarding various new technologies which help the quadriplegic patients lead a relatively normal life is also another key driver for this industry in Europe.

Who are the key player of Quadriplegia Treatment Market?

Major manufacturers of medications needed to treat quadriplegia are

  • Merck & Co.
  • Sanofi Pharmaceuticals
  • Baxter International
  • Zydus Cadila
  • GlaxoSmithKline
  • AstraZeneca
  • Cipla
  • Johnson & Johnson
  • Bristol Myers Squibb Co.
  • Eli Lily & Co.
  • Teva Pharmaceuticals
  • Takeda Pharmaceutical Co Ltd
  • Hoffmann La Roche
  • Sun Pharmaceuticals.

In November 2020, Pfizer and Mylan announced the merger of Pfizer’s Upjohn generics unit and Mylan. This deal was a part of restructuring drive at Pfizer, which was aimed for stronger foothold in the innovative medicines division of the company.

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.

Quadriplegia Treatment Market Report Highlights:

  • Shifting Industry dynamics.
  • In-depth market segmentation.
  • Historical, current and projected industry size recent industry trends.
  • Key Competition landscape.
  • Strategies for key players and product offerings.
  • Potential and niche segments/regions exhibiting promising growth.
  • A neutral perspective towards market performance.

Note: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Key Segments

By Treatment Type:

  • Corticosteroids
  • Non- Steroidal Anti-inflammatory Drugs (NSAIDs)
  • Antidepressants
    • Selective serotonin reuptake inhibitors (SSRIs)
    • Serotonin and norepinephrine reuptake inhibitors (SNRIs)
  • Anticonvulsants
  • Narcotic Analgesics
  • Antispasmodics & Muscle Relaxants
  • Antibiotics

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By Route of Administration:

  • Oral
  • Intravenous
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Online Stores?

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • 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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Propyl Acetate Market sales is anticipated to witness a considerable CAGR of 6.9% during the period of 2022 and 2029

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 6.9% during the forecast period of 2022-2029.

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.

Looking for More Information?

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.

By Purity :

  • Purity ≥ 99%
  • Purity < 99%

By Application :

  • Coating & Printing Ink
  • Chemical Intermediates
  • Food Flavorings
  • Personal Care Products
  • Others

By End Use Industry :

  • Chemical
  • Pharmaceutical
  • Food & Beverages
  • Others

By Region :

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

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Key Questions Answered in the Report
What is the current size of global market of Propyl Acetate?
What is the cosnumption outlook for Propyl Acetate during the forecast period?
Which grade segment is expected to contribute significant growth share to Propyl Acetate in 2022?
Who are the top players in the Propyl Acetate Market market and what is their total share?
What is the market outlook of Propyl Acetate Industry in China?

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Crankshaft Position Sensor Market is expected to increase multi-fold during 2021 to 2031, reflecting a CAGR of 8%-10% over the said period

According to research, the crankshaft position sensor market is expected to increase multi-fold during 2021 to 2031, reflecting a CAGR of 8%-10% over the said period.  The growth of the crankshaft sensor market is expected to be fueled by an increase in the demand for fuel-efficient vehicles, a boom in technological developments, and an increase in automobile production.

What is Driving Demand for Crankshaft Position Sensor?

A crankshaft is a piece of machinery that rotates. A sensor is an electronic device that keeps track of the position or the rotational speed of an engine’s crankshaft. This information is used by engine management systems to govern ignition system timing and other engine parameters.

The primary function of this sensor is to determine the crank’s rotational speed and velocity. It also keeps track of the crankshaft’s rotational speed. This information is subsequently used by the engine control unit to regulate ignition, fuel injection, and other critical engine characteristics.

These sensors in automobiles are currently in high demand, allowing manufacturers to provide drivers with higher levels of safety, security, reliability, and information. Electronic device manufacturers are putting more sensors into their products in order to add more functions and compete with other competitors in the market.

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The introduction of ADAS systems has elevated the use of crankshaft position sensors in automobiles to new heights. Vehicle electrification has seen potential progress in the automobile industry, particularly in transmission systems, temperature control, powertrain, safety systems, and exhaust.

The use of these systems in passenger automobiles has risen in recent years, owing to rising economic status and changing consumer desires for improved safety and comfort, as well as the introduction of modern technologies. As a result, the demand for crankshaft position sensors in passenger cars has increased.

US and Canada Demand Outlook of Crankshaft Position Sensor

US and Canada are regarded as early adopters of technology and are predicted to grow rapidly during the next ten years. The crankshaft position sensor industry has benefited from increased fuel efficiency regulations and a general awareness of the sustainable use of resources in North American countries.

A few engines, such as General Motors’ Premium V family, include advanced crank position sensing systems that interpret a reluctor ring attached to the harmonic balancer. The approach is significantly more precise in determining the position of the crankshaft, allowing the ECU to determine the exact position of the crankshaft and other associated components at any given time to within a few degrees.

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East Asia Crankshaft Position Sensor Sales Outlook

The automobile sector in East Asia has been particularly dynamic in recent years, thanks to rising middle-class per capita income and cost benefits for original equipment manufacturers (OEMs). The region is known for making small and cost-effective automobiles, and it includes some of the world’s fastest-growing economies, such as China and Japan.

From 2021 through 2031, East Asia is expected to be the world’s largest vehicle market. The growing population and rising income levels in East Asia have resulted in higher demand for automobiles, which has fueled the expansion of the crankshaft position sensor market.

Due to cheap automobile production costs, easy availability of inexpensive labor, safety standards and government attempts to support foreign direct investments, the crankshaft position sensor market in East Asia has a great growth potential. The rising level of automobile manufacturing is being accompanied by a growing customer preference for comfort and safety, which is likely to drive up demand for crankshaft position sensor in East Asia.

Who are the Key Manufacturers and Suppliers of Crankshaft Position Sensor?

Some of the leading manufacturers and suppliers include

  • Allegro MicroSystems Inc
  • ACDelco Corporation
  • Vemo
  • Honeywell International Inc.
  • Robert Bosch GmbH
  • Beck Arnley
  • BorgWarner Inc.
  • Denso Corporation
  • Valeo S.A.
  • Dorman Products Inc.
  • Spectra Premium
  • Infineon Technologies AG and others.

Key international players are expected to lead the market, followed by mid-sized industry players. These companies are expected to boost their market position by investing heavily in R&D, expanding their product portfolio, and investing in new crankshaft position sensor technology.

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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Crankshaft Position Sensor 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

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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Automotive Convertible Top Market is projected to witness growth of over 6% CAGR during the forecast period 2021- 2031

According to study, the Automotive convertible top market is projected to witness growth of over 6% CAGR during the forecast period 2021- 2031. These are type of vehicle roofs that can be folded or retracted giving an open- air driving experience to the passengers.The sales have increased due to growing demand of high end and luxury cars and advancement in material technologies for these automotive tops.

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What is Driving Demand for Automotive Convertible Top?

Automotive convertible tops are the removable tops of cars that are seen in some high end models of vehicles. Growing demand of luxury vehicles and increasingly high comfort level of customers in accelerating the growth of convertible tops. Increase in popularity of high end car models like SUVs and hatchback or any different type of luxury car is advancing the growth of the market.

Over the forecast period, the market is likely to grow because of increasing number of luxury and high segment vehicles and also due to increase in technological advancements due to high investment in research & development incurred by the manufacturing companies. BMW which is a luxurious, two- door convertible model, uses power retractable convertible hardtop for classic aesthetic features to the car. These factors are accelerating the growth in the sales of convertible tops.

Convertible tops parts of different car models are available on many online platforms which is further boosting the sales of the automotive component. The popularity of convertible roof system in SUV car models is creating lucrative opportunities for automotive rooftop manufacturers.

Aftermarket Likely to Expand Automotive Convertible Top Sales

COVID-19 had a major effect on automotive industry as it has affected the manufacturing facilities around the globe. Production of vehicles declined in 2020 as the manufacturing facilities were closed due to lockdown. This also resulted in decline in sales of new passenger cars in this year that impacted the overall market as well.

The aftermarket for convertible tops is increasing due to high availability of these parts on online sales channel like different E- commerce websites. The customers can choose from different options and can also compare prices of different convertible rooftops. Increase in online sales of these parts is also boosting the growth of the market globally.

US and Canada Automotive Convertible Top Market Outlook

US is one of the most lucrative markets for automotive convertible tops. The US and Canada have many manufacturers for convertible tops as they try to provide best quality of rooftops and also give warranty to customers for the products. Manufacturers in US are focusing on developing innovative lightweight products that enhance the performance and aesthetics of the vehicle.

The increasing demand of passenger cars and luxury vehicles. These automotive top manufacturers provide automotive tops in a variety of colors and materials according to customer requirement. Manufacturers like Webasto, Continental AG, Magna International and others are focusing on expanding their business by launching new products and also are adapting the strategy of mergers & acquisitions.

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Asia Pacific Demand Outlook for Automotive Convertible Top

Asia Pacific region saw a decline in automotive production in 2020 due to COVID-19 pandemic as all the manufacturing facilities were closed off due to lockdown. The shutdown of manufacturing units in Asian countries impacted the production as well as sales of vehicles in the region. The automotive convertible top market is forecasted to grow in the region with the growing production and sales of high- end vehicles and SUVs in countries like China and India.

The sales of luxury cars and SUVs are surging in Asian countries with the rising disposable income of the population. Manufacturers are focusing on making variety of tops for small series vehicles and high end models. They are using innovative technologies and materials for car components. The manufacturers in the region produce retractable hardtops and sift- tops for luxury vehicles as well as SUVs convertibles which is enhancing the growth of the market.

Who are the Key Manufacturers and Suppliers of Automotive Convertible Top?

Some of the leading manufacturers and suppliers include

  • Continental AG
  • BOS GmbH
  • Magna International Inc.
  • Standex International Corporation
  • Inalfa Roof Systems Group B.V
  • CIE Automotive and others.

Automotive Convertible Top 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 Rooftop Type:

  • Hardtop
  • Soft top

By Material Type:

  • PVC
  • Carbon Fiber
  • Aluminum
  • Others

By Vehicle Type:

  • Passenger Car
  • SUV
  • Sedan/ Hatchback
  • Electric vehicles

By Region:

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

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Chassis Leveling Valves Market is anticipated to exhibit promising growth between 5% and 7% during the tenure of 2021 to 2031

According to assessment, the chassis leveling valves market is anticipated to exhibit promising growth between 5% and 7% during the tenure of 2021 to 2031. The market expansion is predicted to be fueled by technological advancements and the strengthening of drive comfort standards around the world.What is Driving Demand for Chassis Leveling Valves?

Suspension adjustment for automobiles with air springs is provided by a chassis leveling valve. It carefully regulates compressed air in the suspension bellows in proportion to the weight on the vehicle.

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The chassis leveling valves maintains a steady ride height by charging and de-charging the air suspension during loading and unloading. Chassis leveling valves is a type of an air suspension system.

Passengers will be more comfortable, cargo will be less damaged, and driver tiredness will be reduced on lengthy voyages if the ride is of high quality. Suspension is crucial for the quality of rides and car handling control, since cars with firm suspension may have better body control and quicker reactions. As a result of these reasons, demand for increased driving comfort has increased, favorably impacting the demand for these valves.

In recent years, there has been an increase in global demand for SUVs. Due to the low cost, compact size, modern designs, and superior agility, the SUV and sub-compact SUV industry has seen significant growth in nations such as the US, India, China and Mexico. As result of growing demand for SUVs, the sales of these valves has increased.

Consumer preferences and regulatory markets are quickly catching up to the incorporation of new technologies in modern cars and big vehicles. As a result, there is fierce competition among competitor manufacturers to produce light weight, good body support, and payload with torsional flexibility.

The development of ultra-light valves, which allows new businesses to enter the market without having to invest heavily in R&D, is projected to spur market expansion.

Manufacturers and suppliers have developed highly technical valves to meet the needs of various vehicle models in the current scenario. These valves can significantly improve the vehicle’s ride quality and fulfil the consumer’s performance expectations.

US and Canada Demand Outlook of Chassis Leveling Valves

The region is the one of the world’s biggest producer of chassis leveling valves, and this position is projected to be maintained in the next years. The urban population’s spending power in North America is steadily expanding, owing to improved employment possibilities and higher living standards in urban regions.

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Because the region contains developed economies, this market in the region is expected to grow at a steady rate. US, where the rate of use of chassis leveling valves in automobiles is significant, is projected to be the market leader in North America. As a result, the demand for chassis leveling valves in the country is booming.

Europe Chassis Leveling Valves Sales Outlook

Due to its greater adoption rate of various types of air suspension sensors across all vehicle types than other areas such as North America and Asia, Europe is expected to lead the valves industry throughout the forecast period. OEMs such as Mercedes-Benz, BMW, Audi, Porsche, and Land Rover offer ECAS technology in specific models to enhance benefits such as height raising and lowering possibilities which is boosting the market.

Semi-trailers and multi-axle buses have a greater rate of chassis leveling valves installation in commercial vehicles. In addition, technology-driven suppliers are always working to provide the most advanced valve technology for light and heavy commercial vehicles.

Who are the Key Manufacturers and Suppliers of Chassis Leveling Valves?

Some of the leading manufacturers and suppliers include

  • Wabco Holdings Inc.
  • ProVia
  • Haldex
  • TRP
  • Ridewell Corporation
  • Barksdale
  • CoorsTek
  • Hendrickson
  • Hadley and others

These companies offer a diverse range of valves products and solutions, have strong global distribution networks, and invest heavily in research and development to develop new products.

Chassis Leveling Valves 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 SegmentsBy Type:

  • With Lever (Linkage)
  • Without Lever (Linkage)

By Vehicle Type:

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia)
  • South Asia & Pacific (India, ASEAN, Rest of South Asia)
  • East Asia (China , Japan, South Korea)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)

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Future Market Insights
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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com