Conjugated Linoleic Acid Market Expected to Expand More than Three-Fold through 2029

The increasing awareness concerning the health and wellness among the consumers is leading to the growing demand for healthier food alternatives, dietary supplements, nutraceuticals, and functional food products. The increasing demand for dietary supplements is anticipated to boost the market for conjugated linoleic acid over the forecast period. Conjugated linoleic acid is a polyunsaturated omega-6 fatty acid, which is found in abundance in natural sources like dairy products, meat, and vegetable oils. The conjugated linoleic acid is commercially available as a dietary supplement as it is beneficial in reducing body fat and improving the immune system. The conjugated linoleic acid is used in weight management as it is found that the intake of conjugated linoleic acid, reduces hunger/appetite, stimulate fat breakdown, increase fat burning, and inhibit fat production in the body. Besides, conjugated linoleic acid also increases the muscle mass of the body, making it a potential weight management supplement. The conjugated linoleic acid is also helpful in preventing health-related diseases and to some extent, risk of cancer.

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Conjugated Linoleic Acid Market: Regional Analysis

The developed economies, including North America and Europe, are expected to be a significant market for conjugated linoleic acid over the forecast period. The demand for conjugated linoleic acid in these regions is driven primarily by sports nutrition and dietary supplements sector. Besides, increasing occurrences of obesity among youngsters and adults in these western countries, commonly due to sedentary and hectic lifestyles, is leading to rising consumer awareness regarding the aids of healthy eating. Conjugated linoleic acid offers an effective and safe solution for weight management by enhancing body metabolism and thus is gaining traction of consumers in developed economies. Besides, the conjugated linoleic acid is also anticipated to have a growing demand in the Asia Pacific region attributing to the increasing health and wellness trend among the consumers in the region, growing per capita disposable income, increasing awareness regarding preventive healthcare, and rising acceptance for dietary supplements and weight management supplements among the consumers.

Conjugated Linoleic Acid Market: Key Participants

Some of the market participants in the conjugated linoleic acid market are:

  • Merck KGaA
  • Cayman Chemical Company, Inc
  • BASF Se
  • Stepan Specialty Product LLC
  • Sanmark Corp.
  • InnoBio Ltd.
  • Eastman Chemical Company
  • Nature’s Way
  • Cognis

The report covers exhaustive analysis on:

  • Conjugated Linoleic Acid Market Segment
  • Conjugated Linoleic Acid Market Dynamics
  • Conjugated Linoleic Acid Market Size
  • Conjugated Linoleic Acid Supply and Demand
  • Current Trends/Issues/Challenges pertaining to Conjugated Linoleic Acid Market
  • Competition Landscape and Emerging Market Participants in Conjugated Linoleic Acid Market
  • Technology related to Production/Processing of Conjugated Linoleic Acid
  • Value Chain Analysis of the Conjugated Linoleic Acid Market

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Conjugated Linoleic Acid Market Segmentation

The Conjugated Linoleic Acid market can be segmented on the basis of form, nature, source, and end use.

On the basis of nature, the conjugated linoleic acid market can be segmented as:

  • Synthetic
  • Natural

On the basis of form, the conjugated linoleic acid market can be segmented as:

  • Liquid
  • Dry

On the basis of source, the conjugated linoleic acid market can be segmented as:

  • Vegetable source
    • Sunflower
    • Flaxseed
    • Safflower
    • Pomegranate seed
    • Soya bean
  • Animal sources
    • Grass-fed beef
    • Lamb
    • Dairy products
    • Veal
    • Turkey
    • Fish

On the basis of end use, the conjugated linoleic acid market can be segmented as:

  • Food and Beverages
  • Dietary Supplements
  • Animal Nutrition
  • Pharmaceutical and Nutraceuticals
  • Sports Nutrition

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Report Highlights:

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

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Fruit Seed Waste Market Huge Growth Opportunity between 2022-2029

Fruit seed waste is one of the major sources of municipal waste.  The fruit seed waste contains a very high amount of fiber, monounsaturated fats, polyunsaturated fats, important vitamins-minerals, an antioxidant compound, phenolic compound and bioactive compounds including carotenoids, flavonoids, and oxalic acid. These components of fruit seed waste are very important for human beings because these are naturally occurring components. The fruit seed waste is used for the production of beverages, flavoring agents, essential oils, drugs, cosmetic products, organic fertilizers, and others.

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The Increase in Awareness concerning Health Drives the Demand for Fruit Seed Waste Market

The fruit seed waste is used as an alternative way to heal various body systems from several diseases and disorders from ancient times in Ayurveda, Unani and Chinese medicines especially for digestive problems, diabetes, obesity, cancer, blood-related diseases, and others. The fruit seed waste is also used in cosmetic products, for the production of herbal beauty product , extraction of essential oils, bio fertilizers, as animal feed, poultry and are also used in the bakery products like biscuits, bread, rusk, and others.

Fruit Seed Waste Market: Regional Analysis

The market for fruit seed waste is anticipated to grow due to its application in several end-use industries including the production of various drugs, bakery products, bio fertilizers, cosmetic products, essential oils, food and beverage industry, and others. Hence, the manufacturers are establishing their production in the region due to the easy availability of the fruit seed waste. Due to the increase in awareness about health and fitness, the demand for the products which are manufactured from fruit seed waste is expected to increase in both developing and developed economies. China and India have the largest youth population which is 36%, leading to the largest number of consumers, hence providing a strong market opportunity for fruit seed waste over the forecast period.

Fruit Seed Waste Market: Key Participants

  • Coca cola Company
  • Welch’s
  • ITC Limited
  • PepsiCo
  • Kingsley Beverages

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The report covers exhaustive analysis on:

  • Fruit seed waste Market Segments
  • Market Dynamics
  • Market Size
  • Supply and Demand
  • Current Trends/Issues/Challenges pertaining to fruit seed waste market
  • Competition Landscape and Emerging Market Participants in fruit seed waste market
  • Technology related to Production/Processing of fruit seed waste market
  • Value Chain Analysis of the fruit seed waste market

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Fruit Seed Waste Market: Segmentation

The fruit seed waste market can be segmented based on nature as:

  • Organic
  • Conventional

The fruit seed waste can be segmented based on the fruit type as:

  • Citrus fruits
  • Lime
  • Grapes
  • oranges

Tropical and exotic fruits

  • Banana
  • Mango

Stone fruit

  • Plum
  • Apricots
  • Peaches

Berries

  • Blueberry
  • Strawberry
  • Kiwifruit

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Report Highlights:

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

Pericarp Waste Market Is Set to Experience Revolutionary Growth by 2029

Pericarp waste a rich source of crude protein, carbohydrate, and dietary fiber that is formed from the wall of the ripened ovary. It consists of – endocarp, mesocarp, exocarp. Pericarp waste is popular for its number uses in cosmetics, health care, animal feed, and chemical companies. It is an excellent alternative for oils and chemicals because of its environmentally sustainable nature. The diversified end uses and the developmental stage of pericarp’s waste market holds immense hidden opportunities for the industrial giants.

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The Increase in Awareness of Waste Management Drives and Opens New Pathway for Pericarp Waste Market

The increasing pericarp waste in fresh and processing industries is becoming a major environmental, economic and nutritional issue and is anticipated to serve as the major driver for the pericarp waste market. According, to the Food and Agricultural Organization of United States (FAO) 40-50 % of vegetable and fruit waste are produced every year, which means that the raw product i.e. the pericarp waste will be easily and cost-effectively available to the industrialists. Also, the bio-economy approach of pericarp waste has a useful impact on the economy of the country.

 Pericarp waste Market: Regional Analysis

The increased spoilable of fruits and vegetables and the growing awareness of global sustainability among the population have led to initiate the demand for the pericarp waste market. According, to the United Nations of food and Agriculture Organization (FMO), about one – third of the food produced is in the Asia Pacific region. Also, the local governments in these regions are promoting an environmentally sustainable product. So, pericarp waste has effective potential in these regions.

The majority of American adults are shifting towards organic preference, especially in North America, South America, and Europe where the production of fruits and vegetables is very high.

Pericarp waste market: Key Participants

  • Kerala Agro Industries Corporation, Ltd
  • Favini Srl

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The report covers exhaustive analysis on:

  • Pericarp waste Market Segments
  • Market Dynamics
  • Market Size
  • Supply and Demand
  • Current Trends/Issues/Challenges pertaining to pericarp waste market
  • Competition Landscape and Emerging Market Participants in diet pericarp waste market
  • Technology related to Production/Processing of pericarp waste
  • Value Chain Analysis of the pericarp waste market

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Pericarp Waste Market Segmentation

Pericarp waste market can be segmented based on nature, flavor, products and sales channel:

Pericarp waste market can be segmented based on nature as:

  • Organic
  • Conventional

 Pericarp waste market can be segmented based on fruit as:

  • Avocado Apple
  • Mangosteen
  • Litchi
  • Apple
  • Papaya
  • Pineapple
  • Mandarins
  • Jackfruit
  • Mango

 Pericarp waste market can be segmented based on products:

  • Cosmetics
  • Medicines
  • Biofuels
  • Dietary Supplements
  • Animal feed

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Report Highlights:

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

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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Automated Guided Vehicle (AGV) Market growing at an impressive 7.9% CAGR through 2031 | JBT Corporation, Daifuku Co., Ltd., Kuka AG, Omron Adept Technologies, Inc

As per ESOMAR-certified consulting firm Future Market Insights’ (FMI’s) recent market analysis, growth is on the cards for the global automated guided vehicles (AGV) market. The report forecasts the market valuation to reach US$ 996 Mn in 2021, growing at an impressive 7.9% CAGR through 2031.

Rapid urbanization and adoption of industrial automation within logistics, transportation, and healthcare industry across the globe will propel sales. Owing to the growing need of automation, the market experienced year-on-year growth at 5.4% in 2020-21.

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Growing automation in material handling solutions will enhance growth prospects during the forecast period. Also, laser-guided AGVs will gain immense popularity among manufacturers as they offer greater precision and reliability.

Reduction in labor costs, human errors, and round-the-clock accessibility of AGVs are key factors increasing the adoption within end-use industries.

Expansion of automotive, consumer goods, retail, and oil & gas industries in developed countries such as the U.S., the U.K., and Germany will continue to boost sales. This will allow AGV manufacturers to focus on capacity expansion, creating growth opportunities over the coming years.

Expansion of production facilities across India, China, South Korea, and Brazil also will boost the AGV sales. Deployment of AGVs to streamline operations with reduced costs and added productivity will also aid the growth in these economies.

“Growing need for industrial automation is expected to boost the adoption of AGVs over the coming years. With increasing adoption of AGVs within automotive, healthcare, logistics, and e-commerce industry, key players will witness lucrative growth opportunities during the forecast period,” says the FMI analyst

Key Takeaways from Automated Guided Vehicle Market Survey

  • In terms of technology, laser-guided AGVs will dominate the segment due to their highly accurate navigation systems.
  • Based on end-use, logistics sector will generate high demand for automated guided vehicles.
  • Increasing application in transportation will foster the AGV sales during the forecast period
  • Tow vehicles will emerge as the most preferred vehicle type in the automated guided vehicle market.
  • The U.S. is projected to witness high demand for automated guided vehicles, owing to the presence of various end-use industries.
  • The U.K. will showcase a positive demand outlook, due to expansions in the automotive and eCommerce industry.
  • China will provide lucrative opportunities for AGV manufacturers due to high production volumes in manufacturing industries prevailing in the country.
  • India will experience demand for automated guided vehicles, owing to the increasing adoption of industrial automation within logistics sector

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Competitive Landscape

JBT Corporation, Daifuku Co., Ltd., Kuka AG, Omron Adept Technologies, Inc., Kion Group AG, Oceaneering International Inc., Transbotics Corporation, AGVE Group, Inc., Seegrid Corporation, Murata Machinery, AVT Europe NV, SSI Schaefer, Toyota Industries Corporation, Cassioli Srl, Robotnik, Mecalux, S.A, Kollmorgen, Bastian Solutions, Inc., and E&K Automation GMBH are some top manufactures operating in the automated guided vehicle market.

As per FMI’s analysis, key manufacturers will account for approximately 43% of the total market share. Key strategies leveraged by players in the automated guided vehicle market include production facility expansions, coupled with strategic partnerships aimed at product innovation to support the growing demand for AGVs.

  • In May 2021, Daifuku Co. Ltd. announced the establishment of a new production facility in Boyne City, Michigan. The production plant will facilitate the manufacturing of AGVs for airports, automotive, and eCommerce industries, including world-famous Amazon.
  • In June 2021, Seegrid Corporation launched the new Tow Tractor Series 8 with enhanced features such as excellent navigation, extended field of view, and shorter clearance height for managing various cart trains. The product line features Smart Path technology, increasing the fleet’s ability to navigate safely and moving materials reliably in high-traffic facilities.

Automated Guided Vehicle Market by Category

By Technology Type:

  • Laser Guidance
  • Magnetic Guidance
  • Infrared Guidance
  • Wire Guidance
  • Inertial Guided
  • Optical Guided

By Application Type:

  • Transportation
  • Distribution
  • Storage

By Vehicle Type:

  • Unit Load Carrier
  • Pallet Truck
  • Assembly Line Vehicle
  • Tow Vehicle
  • Forklift Truck
  • Light Load Transporters

By End Use:

  • Logistics
  • Healthcare
  • Automotive
  • Manufacturing
  • Food & Beverages
  • Aerospace

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Key Points Covered in Automated Guided Vehicle Market Survey

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Automated Guided Vehicle Market and how to Navigate
  • Recommendation on Key Winning Strategies

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Automotive Lead Acid Battery Market : The global automotive lead acid battery sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

About FMI

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

Contact

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Electric Bike Market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027) | Top Key Players: ECCITY Motocycles, Gogoro Inc., GOVECS GmbH

FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027). Among the battery types, the lead-based battery segment in the electric bike market is expected to expand at a CAGR of more than 3% in terms of value over the forecast period. The global market for battery electric bike is estimated to represent a total increment opportunity of 6.1 Bn from 2017 to 2027. Asia Pacific excluding Japan (APEJ) is estimated to account for a value share of 81% in the global electric bike market by the end of 2017, and is also expected to dominate the market during the forecast period. In this report, FMI throws light on the drivers and restraints likely to impact the electric bike market during this period.

Adoption of Clean Technology Expected to Boost the Electric Bike Market

Government agencies are focusing on electro-mobility and reducing pollution, hence, zero emission vehicles are being increasingly promoted through attractive incentives and schemes. This has led to an enhanced focus on electric bikes and thus, a significant increase in the sales of electric bikes is expected over the forecast period. Apart from curbing air pollution, electric bikes also help reduce the level of noise pollution.

Growth in the transportation sector has severely depleted non-renewable petroleum reserves, and this has increased the prices of fuel. Fuel prices are expected to increase exponentially in the coming years as crude oil reserves will be reduced, which will pave the way for the growth of vehicles running on alternate sources of energy. Moreover, the prices and consumption of petroleum products as fuel in the automotive sector is growing day by day, and to reduce the global consumption of the same, manufacturers and governments are promoting the usage of electric bikes as they are far more fuel-efficient compared to conventional automobiles. These factors are estimated to enhance the electric bike market.

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Segmentation Analysis of the Electric Bike Market

The electric bike market is segmented on the basis of product type, battery type and technology.

  • Pedelecs is expected to be the most prominent segment in terms of volume and value over the forecast period. The pedelecs sub-segment of the electric bike market is estimated to grow at a CAGR of 3.2% in terms of value over the forecast period. Pedelecs are expected to represent a total incremental opportunity of US$ 3.9 Bn between 2017 and 2027 in the electric bike market. The electric scooter and motorcycle sub-segments are projected to grow at a relatively low CAGR as compared to pedelecs over the forecast period
  • The most prominent battery type in the electric bike market is estimated to be the lead-based battery. The lead based battery segment is estimated to grow at a steady CAGR over the forecast period in the electric bike market
  • The battery electric scooter segment is the most prominent technology segment in the electric bike market. It is estimated to account for more than 80% of the electric bike market throughout the forecast period.

Regional Market Projections of the Electric Bike Market

The electric bike market in APEJ is expected to represent a significantly high incremental opportunity between 2017 and 2027. The electric bike market in APEJ is expected to represent a total incremental opportunity of US$ 6.1 Bn between 2017 and 2027.

Electric Bike Market Participants

This report highlights some of the top companies operating in the electric bike market, which include ECCITY Motocycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd., Piaggio & C. SpA, Terra Motors Corp., Bayerische Motoren Werke AG, Jiangsu Xinri E-Vehicle Co. Ltd., Giant Manufacturing Co. Ltd., Emotion Bikes USA, Pedego Electric Bikes, Volt, Energica Motor Company S.p.A., Zero Motorcycles, Inc., Mahindra Genze, Derby Cycle and Accell Group.

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Key Segments Covered in the Electric Bike Market Report

On the basis of product type, the electric bike market can be segmented into:

  • Electric Scooter
  • Electric Motorcycles
  • Pedelec

On the basis of battery type, the electric bike market can be segmented into:

  • Li-Ion
  • NiMH
  • Lead-based

On the basis of technology, the electric bike market can be segmented into:

  • Plug-In
  • Battery

On the basis of region, the electric bike market can be segmented into:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

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Automotive Interior Leather Market : Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.

About FMI

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

Contact

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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For Sales Enquiries: sales@futuremarketinsights.com
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Automotive Door Latch Market will see a modest yet promising CAGR of 5% during 2019 – 2027 || Keikart AG, Aisin Seiki Co. Ltd., and STRATTEC

Significantly influenced by efforts of OEMs in development of smart latches that are IoT-integrated, the global market for automotive door latch will see a modest yet promising CAGR of 5% during 2019 – 2027. A recent study of Future Market Insights (FMI) suggests that the favorable policy framework related to vehicle and drivers’ safety and security will continue to influence the demand for automotive door latches in the near future.

The automotive industry is nearing maturity and expects to witness a remarkable number of collaborative alliances and consolidations among OEMs in the automotive door latch market space. The report opines that mid-sized cars would be the highly profitable sector for investors in the automotive door latch landscape.

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Key Takeaways – Automotive Door Latch Market Study

  • Increasing sales of mid-sized cars, particularly in Asia Pacific, make it a potential segment for manufacturers specializing in compact designs of automotive door latches.
  • Side door latch will continue to command a significant share in global automotive door latch market value through 2027.
  • The mega trend of electrification in cars and the ability to remotely operate vehicles have necessitated door latch manufacturers toward offering and devising compatible products aligned to the aforementioned technological advancements.
  • The market is witnessing a gradual shift from the installation of conventional latches to electronic or mobile app-based systems in premium and luxury cars.
  • The introduction of tracking and alert systems using GPS and IoT-based hardware for the security of vehicles has proliferated new avenues for value chain participants in the global automotive door latch market.
  • Owing to the negligible replacement rate of door latches in the aftermarket, winning OEM supply contracts holds the key for manufacturers to sustain and grow their market share.
  • Adding enhanced security features is the key focal point of automotive door latch manufacturers to meet the unique requirements of autonomous vehicle manufacturers.

With overall safety of passengers being a paramount and drivers relying on secured door locking systems, door latches find a crucial place in automotive manufacturing. The inclusion of mobile connectivity and GPS tracking technologies in existing products is revolutionizing the automotive door latch space.

Know Who is Spearheading Automotive Door Latch Market

The global automotive door latch market is significantly consolidated, with the leading five players accounting for nearly one-half of the overall market size as of 2018. Key players in the market are focusing on developing latching systems based on smart technologies to retain their competitive edge in the landscape. Keikart AG, Aisin Seiki Co. Ltd., and STRATTEC are identified as prominent players in the global automotive door latch market. Market participants are keen on developing door latches with minimal mechanical intervention. Companies are focused on developing door latches that reduce vehicular weight and locking system complexity.

OEMs Engaged in Tough Competition

In the coming years, automotive door latches are expected to witness consistent demand. With the persistent trend of introducing smarter latches in door locking systems, OEMs are focused on keeping their product portfolios strong. East Asia, followed by Europe, remains the most crucial region in the automotive door latch market with a leading market share. With increasing demand from East Asia and South Asia, new entrants in the automotive door latch market are expected to find significant opportunities to invest in such target regions.

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Automotive Door Latch Market Structure Analysis

  • The global automotive door latch market is significantly consolidated where tier-1 players hold significant market shares.
  • Tier-1 companies are focusing on technological advancements to meet future customer requirements and maintain their market position.
  • Aisin Seiki Co, Ltd., Inteva Products LLC, Magna International Inc., Kiekert AG, and STRATTEC are some of the key participants in the global automotive door latch market.

Automotive Door Latch Market: Taxonomy

The global automotive door latch market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Vehicle

  • Compact Cars
  • Mid-sized Cars
  • Luxury Cars
  • SUV
  • HCV
  • LCV

Latch

  • Side Door Latch
  • Tailgate Latch
  • Hood Latch

Sales Channel

  • OEM
  • Aftermarket

Function

  • Electronically-operated
  • Mechanically-operated

Region

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

Table Of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Introduction

2.1.1. Global Automotive Door Latch Market Taxonomy

2.1.2. Global Automotive Door Latch Market Definition

2.2. Global Automotive Door Latch Market Dynamics

2.3. Global Automotive Door Latch Market Size (US$ Mn & Volume (‘000 Units)) and Forecast, 2013-2027

2.4. Global Automotive Door Latch Market Y-o-Y Growth

2.5. Cost Structure

2.6. Macro-Economic Factors

2.6.1. Global Automotive Sector Outlook

2.6.2. Global Automotive Industry by Vehicle Type and Automotive Door Latch Y-O-Y (%) growth projection comparison from 2018 – 2027

2.6.3. Regional Vehicle Production & Vehicle PARC

2.7. Value Chain

2.8. Pricing Analysis

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  1. Global Automotive Door Latch Market Sizing  (US$ Mn & Volume (‘000 Units)) Analysis 2013–2018 and Forecast,  2019–2027

3.1. Global Automotive Door Latch Market Analysis 2013–2018 and Forecast  2019–2027, by Vehicle Type

3.1.1. Introduction / Key Findings

3.1.2. Historical Market Size (US$ Mn) and Volume Analysis By Vehicle Type, 2013–2018

3.1.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Vehicle Type,  2019–2027

3.1.3.1. Passenger Vehicles

3.1.3.1.1. Compact Cars

3.1.3.1.2. Mid-sized Cars

3.1.3.1.3. Luxury Vehicles

3.1.3.1.4. SUVs

3.1.3.2. Light Commercial Vehicles (LCV)

3.1.3.3. Heavy Commercial Vehicles (HCV)

3.1.4. Market Attractiveness Analysis By Vehicle Type

3.2. Global Automotive Door Latch Market Analysis 2013–2018 and Forecast  2019–2027, by Latch Type

3.2.1. Introduction / Key Findings

3.2.2. Historical Market Size (US$ Mn) and Volume Analysis By Latch Type, 2013–2018

3.2.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Latch Type, 2019–2027

3.2.3.1. Side Door Latch

3.2.3.2. Tailgate Latch

3.2.3.3. Hood Latch

3.2.4. Market Attractiveness Analysis By Latch Type

3.3. Global Automotive Door Latch Market Analysis 2013–2018 and Forecast  2019–2027, by Sales Channel

3.3.1. Introduction / Key Findings

3.3.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2013–2018

3.3.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Sales Channel,  2019–2027

3.3.3.1. Online

3.3.3.2. Offline

3.3.4. Market Attractiveness Analysis By Sales Channel

3.4. Global Automotive Door Latch Market Analysis 2013–2018 and Forecast  2019–2027, by Function

3.4.1. Introduction / Key Findings

3.4.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2013–2018

3.4.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Function, 2019–2027

3.4.3.1. Electronically Operated

3.4.3.2. Mechanically Operated

3.4.4. Market Attractiveness Analysis By Function

3.5. Global Automotive Door Latch Market Analysis 2013–2018 and Forecast  2019–2027, by Region

3.5.1. Introduction

3.5.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2013–2018

3.5.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region,  2019–2027

3.5.3.1. North America

3.5.3.2. Latin America

3.5.3.3. Europe

3.5.3.4. Middle East and Africa (MEA)

3.5.3.5. East Asia

3.5.3.6. South Asia

3.5.4. Market Attractiveness Analysis By Region

Sneak Peek into Report

The research scope of the global automotive door latch market has been primarily bifurcated into three segments: latch type, vehicle type, and function. The study provides an in-depth analysis of market sizing, forecasting, and market share analysis for automotive door latches. The report delivers a comprehensive assessment of the important dynamics of the automotive door latch market.

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Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

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

About FMI

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

Contact

Mr. Debashish Roy
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
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Automotive Wheel Coatings Market Report Detailed Industry Scope, Future Scenario and Elaborates Outlook to 2030

Advent of new technologies, rising prevalence of autonomous vehicles, and adoption of consumer-centered business models are triggering tectonic shifts in automotive industry. The effect of these trends is also evident in smaller areas of the industry such as automotive wheel coating market.

Increasingly stringent environmental regulations associated with emission of volatile organic compounds (VOC) in tandem with rising demand for performance-based vehicles has influenced market players to dedicate serious R&D efforts in devising cutting-edge automotive wheel coatings.

While automotive wheel coatings market is continuously evolving, manufacturers are maintaining their entire technical portfolio in order to fulfil requirements of customers. This has improved their competitive position in the global market owing to their R&D leadership in this domain.

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Such future-proof solutions enable automotive OEMs to leverage novel, highly sustainable coating technologies – such as waterborne – in tandem with process breakthroughs that enhance plant efficacy and reduce overall expenses. The tendency is sweeping across developing regions, in particular, which are scrambling to achieve reduced VOC emissions.

Automotive Wheel Coating Market Size Study

  • Clear/top coating segment to generate substantial revenue through 2030
  • Aluminum to remain prominent substrate for automotive wheel coatings
  • Application in passenger cars to remain significant over following decade
  • About 7 out 10 automotive wheel coatings to be sold through OEMs
  • North America to account for majority of automotive wheel coating sales worldwide

“Powdered automotive wheel coatings are substantially effective with nearly 100% powder overspray recoverability, greater resilience to scratching, chipping, and fading, compared to other finishes. The process is cost-efficient, releases negligible VOC into surroundings, and involves minimal material wastage,” says analyst at FMI.

COVID-19 Impact on Automotive Wheel Coating Market

The COVID-19 pandemic has exposed supply chains in automotive industry to significant disruption, bringing global supply strategies to scrutiny. Abrupt shutdowns of manufacturing units in China and its ripple impact, resulting in widespread havoc among global automotive manufacturers, were felt subsequently in the US, Europe, India, and South America.

Such slowdown pressures in automotive industry due to COVID-induced business restrictions has been severely impacting automotive wheel coatings market business. Having outsourced their manufacturing operations to low-cost regions, several automotive wheel coating suppliers and OEMs are striving to create shorter or localized regional supply chains.

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Market Taxonomy

By Product Type

  • Primers
  • Basecoat
  • Clear coat/Topcoat

By Coating Type

  • Powder
  • Liquid
    • Solvent Borne
    • Water Borne

By Substrate Type

  • Aluminium
  • Steel
  • Plastic

By Vehicle Type

  • 2-Wheeler
  • Passenger Cars
    • Compact
    • Luxury
    • Mid-sized
    • Premium
  • Commercial Vehicles/Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Type

  • OEM
  • Aftermarket

By Coating Chemical Type

  • Acrylic Enamel
  • Acrylic Urethane
  • Acrylic Lacqure
  • Zinc Phosphate
  • Epoxy
  • Epoxy Polyester
  • Polyester
  • Polyurethane

By Region

  • Asia Pacific Excluding Japan (APEJ)
  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Japan
  • Middle East & Africa

Automotive Wheel Coating Market – Competitive Intelligence

Ceramic-based coatings reign supreme in the global sphere of paint correction. Despite being the most diverse protection formula worldwide, potential of ceramic-based coatings are yet to be explored completely. Various players developing ceramic coatings for automotive industry are entering into business landscape, for instance,

  • FEYNLAB has developed ceramic wheel coating with true nanotechnology and bonding chemistry that contains about 70% solids content, making it extremely durable to road contamination and brake dust.
  • Ceramic Pro has formulated protective coating – Wheel Protection – that is based on nano-ceramic formula. The product helps protect automotive wheels from brake dust that would otherwise bake onto surfaces and result in damages.
  • DP Detailing has rolled out ceramic-based wheel coating that is specifically developed for clear-coated wheels. In addition, the formulation is suitable for application in high temperatures.

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Automotive Wheel Coating Market Outlook and Key Findings

  • Acrylic enamel to remain preferable coating chemical of choice through 2030
  • Preference for steel as coating substrate for automotive wheel coatings to surge in coming years
  • Under passenger cars, mid-sized and compact sub-segments to register fastest CAGR over following decade
  • Waterborne technologies to emerge as disruptive force in global market
  • Market in Asia Pacific excluding Japan (APEJ) to make quantum leaps over decade ahead

To Know More About Automotive Wheel Coating Market:

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

Key Questions Answered in the Report:

  1. Which coating chemical type will capture major share of automotive wheel coating market globally and why?
  2. What are the factors propelling the global automotive wheel coating market?
  3. What will be the revenue size of automotive wheel coating market by 2020?
  4. Who are the leading manufacturers in the automotive wheel coating market?
  5. Which trends and innovations are expected to shape the global automotive wheel coating market in coming years?

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Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

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

About FMI

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

Contact

Mr. Debashish Roy
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
Report: https://www.futuremarketinsights.com/reports/automotive-wheel-coating-market
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Automotive Stamping Market is projected to soar at 10.8% CAGR and bring in nearly US$ 10,400 Mn by 2026-end

Metalworking processes such as stamping will not cease to gain traction as a key application in the global automotive industry. In any region, the demand for automotive stamping grows in parallel with its automobile production. Based on the data published by the Organisation Internationale des Constructeurs d’Automobiles (OICA), India is among the top ten countries in terms of global motor vehicle production. Significant contribution of India to the world’s automobile production count has instrumented a considerable rise in the country’s automotive stamping businesses. A majority of automobile businesses run by companies such as Gestamp Automobile India Private Limited, Caparo India, Omax Auto Ltd., and Mahindra CIE Automotive Limited are focussed towards participation in the automotive stamping market.

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According to a latest report published by Future Market Insights, the automotive stamping in India will continue to witness higher participation from abovementioned companies, and joining them would be the JBM Group, Klt Automotive and Tubular Products Limited, and Tata Autocomp Systems Limited. The report, titled “Automotive Stamping Market: India Industry Analysis and Opportunity Assessment, 2016-2026,” estimates that India’s automotive stamping market is presently valued at US$ 3,734.9 Mn. In the due course of ten-year forecast period, the market is projected to soar at 10.8% CAGR and bring in nearly US$ 10,400 Mn by 2026-end.

The report reveals that throughout the forecast period, non-body automotive stamping will continue to gain traction in India. On the other hand, body stamping is projected to procure a consistent 42% share of overall market value. In 2017 and beyond, the demand for transfer stamping is predicted to gain prominence, while progressive die stamping will keep accounting for over half of the market revenues. Steel is being observed as the widely-preferred raw material for automotive stamping in India. In 2016, more than US$ 2.5 Bn worth of steel was stamped for production of vehicles in India. Likewise, the demand for aluminium in India’s automotive stamping market is also likely to grow. Through 2026, revenues generated from automotive stamping of aluminium materials are anticipated to rise at 11.2% CAGR.

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India Automotive Stamping Market: Segmentation

By Stamping

  • Hot Stamping
  • Cold Stamping

By Vehicle

  • Two-Wheeler
  • Three-Wheeler
  • Passenger Car
  • Commercial Vehicle

By Material

  • Steel
  • Aluminium
  • Others

By Process

  • Progressive Die Stamping
  • Tandem Stamping
  • Transfer Stamping

By Product

  • Body Stamping
    • BIW Parts
    • Chassis
  • Non-Body Stamping
    • Engine Parts
    • Transmission and Steering Parts
    • Braking and Suspension Parts
    • Electrical Parts
    • Fuel Delivery, Emission and Filtration
    • Safety Equipment and Seating System
    • Lighting Components
    • Cooling System

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The report further reveals that passenger cars will be accounting for over one-third of automotive stamping revenues in India throughout the forecast period. In this period, automotive stamping revenues arising from two-wheeler sales will exhibit growth at a 12.2% CAGR. In India, body stamping BIW parts will rake in over US$ 2,800 Mn by the end of 2026. Stamping of chasses, meanwhile, is expected to register a value CAGR of over 12%. When it comes to non-body stamping, India’s automotive stamping market will continue to witness higher revenue outcome from stamping engine parts, transmission & steering parts, and safety equipment & seating systems.

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

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

About FMI

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

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/india-automotive-stamping-market
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Flight Tracking System Market will exhibit 5.5% CAGR to reach US$ 611.8 million by the end of 2026

The need for improving surveillance abilities of airport facilities in the world has triggered the growth in adoption of Automatic Dependent Surveillance-Broadcast (ADS-B) flight tracking systems.

Unlike other flight tracking systems, the demand for ADS-B systems is expected to remain higher in the future. ADS-B systems are known to be highly-effective for tracking single aisle, small wide body, medium wide body, and large wide body aircrafts, and also come in an extensive price range. Future Air Navigation Systems (FANS) might be competent in tracking all aircraft types, but their high prices limit their adoption over ADS-B systems. On the other hand, dedicated or portable flight tracking systems (PFTSs) are quite cheap, compared to other two, but lack the prowess to accurately track multiple flights.

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A recent study developed by Future Market Insights projects that ADS-B systems will continue to account for over 75% of global flight tracking system revenues. It is been estimated that the global market for flight tracking systems, which is presently valued at approximately US$ 358 million, will exhibit a steady increment at 5.5% CAGR to reach US$ 611.8 million by the end of 2026.

Such systems are being prominently used in tracking flights from general aviation industry. General aviation airport facilities from all corners of the world can be clubbed together to be called as the largest end-user of flight tracking systems. In 2016, the end-use of flight tracking systems in general aviation procured an estimated US$ 253 million. Nonetheless, revenues amassed from adoption of flight tracking systems in civil aviation are projected to grow at the highest CAGR of 6.3% by the end of 2026.

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Honeywell International & Rockwell Collins – Leading Market Players

According to the report, two of the most recognisable manufacturers in the global flight tracking system market are – Honeywell International Inc. and Rockwell Collins, Inc. Collectively, these two flight tracking system manufacturers are estimated to account for over 50% of the global market revenues, specialising in production of ADS-B and FANS systems. Garmin International Inc. is also a leading manufacturer in the global flight tracking system market, raking in revenues worth billions. On the other hand, companies such as FLYHT Aerospace Solutions Ltd., SKY TRAC SYSTEMS LTD., Spider Tracks Limited, and BLUE SKY NETWORK are observed to be prominent manufacturers of PFTS systems. Aireon LLC, another key player in the global flight tracking system market, has gained worldwide acclamation for producing top-end ADS-B systems for space aviation.

Global flight tracking system market: Segmentation

By System

  • ADS-B
  • FANS
  • PFTS

By End Use

  • General Aviation
  • Civil Aviation
  • Military Aircraft

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APEJ
  • MEA
  • Japan

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In the report, titled “Flight Tracking System Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” Future Market Insights predicts that North America will remain the largest market for flight tracking system in the world. By the end of 2026, North America’s flight tracking system revenues will have soared at 6.4% CAGR, procuring half of the global market revenues. The flight tracking system market in Western Europe will also gain traction, raking in over US$ 100 million by 2026-end. Revenues from flight tracking systems will be lowest in Japan and the Middle East & Africa (MEA) region. The flight tracking system market value in regions such as Asia-Pacific excluding Japan (APEJ), Latin America and Eastern Europe are anticipated to rise at less than 4% CAGR over the forecast period.

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Automotive Interior Leather Market : Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.

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

About FMI

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

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Metallic Stearates Market Share by 2028: Upcoming Trends and Analysis

[285 pages Report] Recent market analysis from FMI states the metallic stearates market has garnered a market value of US$ 2,397.95 Mn in 2021. By 2022, the industry is likely to reach a valuation of US$ 2,478.4 Mn. FMI predicts the global sales of metallic stearates market to exceed US$ 3,178.0 Mn by registering a positive CAGR of 4.2% in the forecast period 2022-2028.

Increasing adaption of metallic stearates in end user industries such as pharmaceuticals, construction and plastic is driving the demand for the same. By application, metallic stearates will retain a dominant share in the polymer & plastics industry, yielding 32% revenue until 2031.

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Metallic Stearates Market Size (2022) US$ 2,478.4 Mn
Projected Market Value (2028) US$ 3,178.0 Mn
Global Market Growth Rate (2022-2028) 4.2% CAGR
Country With Dominant Market Share China
Consumption Analysis of Metallic Stearates (2013 to 2021) Vs Market Estimates (2022 to 2028)

Various industrial sectors such as polymers & plastics, rubber, pharmaceuticals, and construction have witnessed dramatic changes in terms of technology and product offerings. This has spurred demand for metallic stearates, with companies incorporating them into in their production processes to enhance product quality. From 2013-2021, the market experienced a CAGR of over 4%.

During the COVID-19 pandemic, prospects witnessed a significant decline, with sales plummeting in the first two quarters of 2020. The imposition of stringent lockdowns led to closure of manufacturing facilities, causing major constraints in the demand-supply equation. Eventually, as the restrictions lifted, prospects began exhibiting a gradual incline.

Various companies are developing and selling metallic stearates for various end-use industries such as plastic and rubber, globally, to manufacture high quality and sustainable products. All these factors have led to metallic stearates market registering a CAGR of 4.2% in the sales indicator period.

metallic stearates market

How are End User Industries Leveraging Sales of Metallic Stearates?

Metallic stearates are defined as composites of fatty acids with metal oxide, though some stearates are not soluble in water. Metallic stearates possess several critical properties, which sight large-scale application in various industrial sectors, such as lubricating agents, separating properties, stabilizing effect, gelling capacity, water repelling agents, and defoamers.

In the plastic industry, metallic stearates are primarily being used as acid scavengers, lubricants, and releasing agents. The application of metallic stearates allows processors to produce finished products with much smoother surfaces and comparatively low friction.

Metallic stearates find themselves in various industrial sectors. In the textile industry, metallic stearates are applied for dry impregnation and antistatic agents. In the ink industry, metallic stearates are utilized as swelling and suspension aids for other additives such as pigments. Metallic stearates are also being used as suspension agents for the production of waxes and liquid wax compounds. In the metal-processing industry, metallic stearates are used as lubricants, release agents, and dry film lubricants.

Taking into account the outstanding lubrication and release properties of metallic stearates, it provides immense scope for the product in pharmaceutical and cosmetic industry application. The lubricating properties of metallic stearates are used on a large scale in dragee preparation and tablet pressing. Moreover, metallic stearates are used in various cosmetic products such as shampoos, eyeliners, lipsticks, sun protective lotions, medicated ointments, body and foot powders, and many more.

Market Research Methodology – Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Country-Analysis

Presence of End User Industries Accelerating demand for Metallic Stearates in China?

On the basis of region, China is anticipated to dominate the global metallic stearates market through the forecast period. As China is a developed nation, the number of manufacturing units in the region has increased by leaps and bounds. In addition, the government of the region is talking initiatives for setting up more production units for increasing the revenue of the country.

As metallic stearates are used in end suer industries such as pharmaceutical, plastic and construction, the demand for the same has increased in China. Thus, China is expected to account for more than 30% market share for metallic stearates market in the forecast period.

R&D Activities Spurring Demand for Metallic Stearates in U.S.?

Growing presence of cosmetic and pharmaceutical industry is positively influencing the demand of metallic stearates in the U.S. Furthermore, consumers are actively investing in cosmetic products and medicines for a healthy lifestyle.

In addition, research and development by end user industries for making the maximum use of metallic stearates for various uses is accelerating the demand for the same. Thus, U.S. is expected to gain significant market share of more than 25% in revenue terms by 2028 end for metallic stearates market.

Category-wise Analysis

Properties of Zinc Stearates Gaining Popularity Amongst End User Industries?

By product type, the metallic stearates market is segmented into zinc stearate, calcium stearate, magnesium stearate, aluminium stearate, and others. The prominence of zinc stearate has increased due to its stabilizing and processing properties. These properties aid in a wide range of thermoplastics applications.

Furthermore, zinc stearate is an effective separating agent. Moreover, zinc stearate can easily remain stable in extreme high temperatures. Thus, the demand form end industries for zinc stearate is increasing the value of metallic stearate market.

Why is the Polymer and Plastics Industry a Dominant Metallic Stearates End User?

According to FMI, metallic stearates are expected to be most extensively deployed across the polymer and plastics industry, accounting for a market share of 32% from 2022-2028. They are especially used to optimize the production output and produce finished articles with smoother surfaces.

Metallic stearates are particularly deployed to serve as lubrication aids, mould release agents or acid scavengers. Different grades of metallic stearates made from calcium, zinc, aluminum or magnesium are used for multiple purposes. For instance, calcium stearates are used as catalyst neutralizers or lubricants in polypropylene formulations.

Is Excellent Lubrication Influencing Sales of Metallic Stearates in Pharmaceutical Industry?

Based on application, the global metallic stearates market is segmented into polymers and plastics, rubber, pharmaceuticals, personal care and cosmetics, construction, paints and coatings, and others.

Owing to the unique properties of metallic stearates such as excellent lubrication, releasing properties, thixotropic effect, and capacity of gelation, they are widely used in the pharmaceutical industry. Moreover, magnesium stearates is used in the process of capsule making as the lubricant property of magnesium stearate ensures the easy and effective ejection of the capsule.

In addition, magnesium stearate also increases the quality of the capsule. Thus, among all the applications, the pharmaceuticals segment is estimated to capture a market share worth 15.8% across the 2022-2028 forecast period.

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Competitive Landscape

  • In 2019, Faci S.p.A. was awarded an EXPiPACT GMP certificate from Certiquality. The certificate qualifies the company for good manufacturing practice for magnesium stearate as a pharmaceutical excipient.
  • In December 2021, Dover Chemical Corporation increased the prices of metallic staerates by $ 0.20 per pound. The company has taken this decision due to the increasing cost of raw materials and increase in freight costs and reduced availability.
Metallic Stearates Industry Report Scope

Attribute Details
Forecast Period 2022-2028
Historical Data Available for 2013-2021
Market Analysis US$ Mn for Value
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)
Key Countries Covered
  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • BENELUX
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC
Key Market Segments Covered
  • Product Type
  • Application
  • Region
Key Companies Profiled
Pricing Available upon Request

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Key Segments Covered in Metallic Stearates Industry Survey

Metallic Stearates by Product Type

  • Zinc Stearate
  • Calcium Stearate
  • Magnesium Stearate
  • Aluminium Stearate
  • Others (Sodium Stearate, Barium Stearate, etc.)

Metallic Stearates by Application

  • Metallic Stearates for Polymers & Plastics Industry
  • Metallic Stearates for Rubber Industry
  • Metallic Stearates for Pharmaceuticals Industry
  • Metallic Stearates for Personal Care & Cosmetics Industry
  • Metallic Stearates for Construction Industry
  • Metallic Stearates for Paints & Coatings Industry
  • Others

Metallic Stearates Market by Region

  • North America Metallic Stearates Market
  • Latin America Metallic Stearates Market
  • Europe Metallic Stearates Market
  • East Asia Metallic Stearates Market
  • South Asia & Pacific Metallic Stearates Market
  • Middle East & Africa (MEA) Metallic Stearates Market

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