Market Research Blog – Page 14889 – New Product Development

Automotive Wiring Harness Market to grow at 7.9% CAGR through 2031, And sales was set to exceed US$ 48 Bn in 2021

Substantial increase in the investment for automated driving activities and development of electric vehicles charging infrastructure across the globe are expected to remain key defining factors in the global automotive wiring harness market. As per FMI’s analysis, the global automotive wiring harness sales are set to exceed US$ 48 Bn in 2021, whereas in the long-term, revenues will grow at 9.4%. FMI’s latest edition of the report reveals latest perspectives, along with a detailed analysis of how COVID-19 induced slowdown will impact future sales.

The COVID-19 pandemic crisis has severely affected the global economic growth, resulting in complete shutdown manufacturing activities and disruptions in the supply chain networks. However, automotive wiring harness market is expected to recover sharply as the economic activity resumes post the containment of pandemic.

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Key Takeaways

Automotive wiring harness demand is driven by healthy demand from automotive production in countries such as Germany, China, Japan and France. Investments to reduce CO2 emission and increase passenger safety are propelling demand
Leading automotive wiring harness manufacturers are focused on developing technologically advanced harnesses to improve safety and reduce downtime
Increasing preference of end users towards use of efficiently operating vehicles with advanced HVAC wiring harness systems, sensors wiring harness and chassis wiring harness is expected to fuel the market growth during the forecast period
East Asia and Europe is expected to lead the market in terms of market share owing to prevalence of major automotive wiring harness companies in the Germany and China. Furthermore, thriving development in the automotive industry in European countries such as U.K., France etc. results in substantial growth rate for the Automotive Wiring Harness demand growth

“Manufacturers are focused on developing new wires and cables which occupy less space and are lighter in weight with cost-efficient manufacturing techniques. Raw materials are also being blended to improve the features of the final product. In addition, increase in technology adoption, vehicle customization and various investments and merger strategies to expand their business can be attributed to rise in sales of vehicles which upsurge the automotive wiring harness market. These activities are augmenting the adoption of automotive wiring harness and creating positive prospects for the market growth.” says FMI analyst.

Competitive Landscape

The market is witnessing significant consolidation, in which the leading players account for more than half of the share. The diffusion of small regional players is expected to increase competitive intensity during the forecast period. Some of the key players in the market are LEONI Group, Samvardhana Motherson Group, Sumitomo Electric, Yazaki Group and Fujikura Ltd. These players have considerable hold over market share, and have longstanding relationships with a number of leading end users, giving them a competitive advantage.

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Key Segments

Product Type

Chassis & Safety
- Conventional Chassis
- Semi-Forward Chassis
- Full Forward Chassis
Body
- Roof
- Door & Window
- Facia
- Seat
- Interior
HVAC
Engine
Sensors

Vehicle Type

Passenger Cars
- Compact
- Mid-Sized
- SUV
- Luxury
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
- BEV
- PHEV

Sales Channel

First Fit
Replacement

Region

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

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Top Reports Related To Automotive Market Insights

Off-Highway Vehicle (OHV) Telematics Market : As per the FMI’s study, off-highway vehicle (OHV) telematics market is poised to expand at an impressive 15.40% CAGR during the assessment period of 2021 and 2031. The market valuation will reach US$ 424 Mn in 2021.

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.

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Partially Hydrogenated Oil Market 2022 Outlook, Current and Future Industry Landscape Analysis 2029

Partially Hydrogenated Oil Market OverviewThis Partially Hydrogenated Oil Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Partially Hydrogenated Oil Analysis market.

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Partially Hydrogenated Oil Market Outlook

Shelf life is one of the prime concern among the food manufacturers and investing a major share of their capital in research and development to bring new and innovative ingredient in their production line. Partially hydrogenated oil is one of the major alternatives among the food manufacturers to enhance the shelf of their food products. Generally, oils are in the liquid state at room temperature which is altered by adding hydrogen atom. Adding hydrogen make oils more solid and more suitable to use in various end-use products such as bakery, biscuits, and others. The use of partially hydrogenated oil in foodstuffs tends to extend their shelf life. Also, it is used to prolong the stability and shelf life of flavors as flavors are very unstable and volatile. Instability of flavors leads to deterioration followed by rancidity and generation of off-taste from the foodstuff.

As partially hydrogenated oil market is well established with defined application in various sectors, the price of partially hydrogenated is stable. Partially hydrogenated oil is available in three grades such as food grade, feed grade, and pharmaceutical grade. As pharmaceutical grade is of high quality, their prices are also higher than other grades.

Increasing Demand for Biodiesel Is Propelling the Demand of Partially Hydrogenated Fat

Research and development have become one of the key parts of the partially hydrogenated oil market. Manufacturers are actively focusing on the development of processes that allow preservation of the optimal quality of flavor used in food items. Also, manufacturers are adopting advanced technologies that help in boosting the commercial value of partially hydrogenated oil without compromising on the quality. Such innovations are allowing the partially hydrogenated oil industry to explore opportunities in categories such as biodiesel production. In recent years, manufacturers and food brands are increasingly collaborating and entering into partnerships to find new application areas. Further, greater emphasis is being placed on identifying and determining the characteristics and quality of partially hydrogenated oil. On the other hand, partially hydrogenated oils are under scrutiny since last decade due to their proved role in the creation of trans fatty acids. Trans fatty acids are linked to cardiovascular diseases as trans-fat increase cholesterol level in the blood. To reduce cardiovascular disease instances, Food and Drug Administration (FDA) declared that partially hydrogenated oils are no longer considered as generally recognized as safe (SAFE). To minimize the increasing controversy over-application of partially hydrogenated oil, FDA finalized that PHO’s can only be used after the FDA approval.

Partially Hydrogenated Oil Market: Regional Analysis

Increasing traction towards biodiesel production is fueling the demand of partially hydrogenated oil market. Concerning region, increasing footprints of global food manufacturers in the Asia Pacific and the Middle East and Africa is providing a tremendous opportunity for the partially hydrogenated oil manufacturers. Also, increasing HoReCa chains are providing huge space for the application of partially hydrogenated oil. In North America and Europe, It can be anticipated that there would be lucrative growth of partially hydrogenated oil in the application such as the production of biodiesel and also in the plastic industry. With the increasing demand for partially hydrogenated oil in various industries, it can be anticipated that the demand for partially hydrogenated oil will increase in the coming years.

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Partially Hydrogenated Oil Market: Key Participants

The key players in the global Partially Hydrogenated Oil market are:

Mewah Group
IOI Loders Croklaan
Sarawak Oil Palms
Kavya International
Wilmar International Ltd
Golden Agri-Resources Ltd
Berhad Group Of Companies
Sime Darby Hudson
Mectech Process Engineers Pvt. Ltd
Others

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

The report covers exhaustive analysis on:

Partially Hydrogenated Oil Market Segments
Partially Hydrogenated Oil Market Dynamics
Partially Hydrogenated Oil Market Size
Partially Hydrogenated Oil Supply and Demand
Current Trends/Issues/Challenges pertaining to Partially Hydrogenated Oil Market
Competition Landscape and Emerging Market Participants in Partially Hydrogenated Oil Market
Technology related to Production/Processing of Partially Hydrogenated Oil
Value Chain Analysis of the Partially Hydrogenated Oil Market

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)

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.

Partially Hydrogenated Oil Market: Segmentation

The partially hydrogenated oil market can be segmented based on nature, grade, application, end-use, and sales channel.

Based on nature, the partially hydrogenated oil market can be segmented as:

Organic
Conventional

Based on grade, the partially hydrogenated oil market can be segmented as:

Food Grade
Feed Grade
Pharmaceutical Grade

Based on application, the partially hydrogenated oil market can be segmented as:

Surface Coating
Lubricants

Based on end-use, the partially hydrogenated oil market can be segmented as:

Food and Beverages
Bakery
Dairy
Snacks and Confectionary
Cosmetics and Personal Care
Animal Feed Industry
Biodiesel
Plastics

Based on distribution channel, the partially hydrogenated oil market can be segmented as:

Direct (B2B)
Indirect (B2C)
Hypermarkets/Supermarkets
Specialty Stores
Modern Grocery Stores
Online Stores

Report Highlights:

Detailed overview of parent market
Changing dynamics of the Partially Hydrogenated Oil 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 Partially Hydrogenated Oil market
Competitive landscape of the Partially Hydrogenated Oil market
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Partially Hydrogenated Oil market performance
Must-have information for Partially Hydrogenated Oil market players to sustain and enhance their market footprint

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Lobe Pumps Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

Global Lobe Pumps Market: IntroductionA lobe pump is a type of positive displacement pump that have large pumping chambers and are non-contacting, empower them to handle solids such as olives and cherries without any damage. Lobe pumps are also used to handle pastes, slurries, and variety of other liquids. The lobe pumps are same as the gear pump, only the difference that the lobes are designed in such a way that lobes are almost meet and not touch each other. Moreover, owing to the have gentle product handling characteristics of lobe pumps boost the demand of in different industrial application.

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Global Lobe Pumps Market: DynamicsIncorporation of advanced technologies such as Industry 4.0 and Internet of Things (IoT) are rapidly covering grounds in the industrial automation at a rapid pace. This factor is expected to drive the demand for lobe pumps market in the forecast year.

Department of Energy, appeal The Energy Policy and Conservation Act of 1975 (EPCA), which compels lobe pumps manufacturers to comply with energy efficiency standards for industrial equipment. Furthermore, regardless of increasing adoption of lobe pumps in various sector such as pharmaceutical, oil and gas, chemical, among other, factors such as low efficiency and low volume degree of lobe pumps is restricting its adoption.

However, the lobe pumps design is undergoing renovate in all aspects such as the design of the lobes and material used for their construction and installation and the type of drives used in the lobes. The new lobe pumps with belt drive system reduce the shear stress on the system and reduce the wear and tear of the lobes. Therefore, the belt drive system provides a constant speed drive, reduce the maintenance costs, and increase the overall efficiency of the pump.

Global Lobe Pumps Market: Regional OutlookIn the global lobe pumps market, Asia Pacific is expected to dominate the market in the region segment. As the process industries such as food and beverage, oil and gas, and pharmaceuticals are witnessing high growth, which will subsequently uplift the demand for pumps in this region. Owing to the rising investment in pharmaceutical industry and in ASEAN countries such as Vietnam will drive the deployment of new lobe pumps.

North America and Europe witnessing healthy growth in the deployment of lobe pumps, driven by food and beverages industries in these regions. Moreover, manufacturers of North America and Europe registering strong growth through introducing new production facilities in developing economies such as Brazil, India and Indonesia.

Lobe pumps are anticipated to witness higher adoption in Latin America and Asia. Whereas, Middle East & Africa will have a lower growth adoption owing to lower investment in industries such as medical, food and beverages, and cosmetic.

Global Lobe Pumps Market: Market ParticipantsManufacturers of lobe pumps are focusing on upgrading parts, the traditional design, and the drive system with new technologies. ITT Inc. introduced i-ALERT compatible Bluetooth Smart Pressure Sensor, using the Industrial Internet of things (IIoT) technology to provide a monitoring solution for industrial pump applications

Some of the key players involved in the Lobe Pumps market include –

Boyser pumps
GEA Group AG
Wright Flow Technologies
SPX Flow
ALFA LAVAL
Borger GmbH
Megator
LobePro
NETZSCH Pumps & Systems
Johnson Pump
Xylem Inc.
Verder India Pumps PVT. LTD.
Vogelsang India Private Limited
Viking Pump of Canada Inc., among others.

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

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The report covers exhaustive analysis on:

Lobe Pumps Market Segments
Lobe Pumps Market Dynamics
Lobe Pumps Market Size
Lobe Pumps Volume Sales
Lobe Pumps Adoption Rate
Lobe Pumps Current Trends/Issues/Challenges
Lobe Pumps Competition & Companies involved
Lobe Pumps Value Chain

Regional analysis includes:

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

The market 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 factors on Lobe Pumps market segments and geographies.

Global Lobe Pumps Market: Segmentation

Globally, the lobe pumps market can be segmented on the basis of product type, capacity, and application

Based on the Product Type, the global lobe pumps market can be segmented into,

Single-lobe
Bi-wing-lobe
Tri-lobe
Multi-lobe

Based on the Capacity, the global lobe pumps market can be segmented into,

Upto 500 gpm
500-1000 gpm
More than 1000 gpm

Based on the Application, the global lobe pumps market can be segmented into,

Pharmaceutical industry
Oil and Gas Industry
Chemical Industry
Cosmetics and personal care Industry
Medicine and Bio processing Industry
Food, beverage and dairy industries
Others

Report Highlights:

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

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Cold Flow Improvers Market expected to reach US$ 1,544 Mn by the end of 2027

The global cold flow improvers market is estimated to be valued at US$ 980.8 Mn by 2018 end and is expected to reach US$ 1,544 Mn by the end of 2027, while expanding at a CAGR of 5.2% over the forecast period. The global cold flow improvers market is anticipated to represent an incremental opportunity worth US$ 563.18 Mn between 2018 and 2027.

While FMI in a recent intelligence report on cold flow improver market scenario offers an exhaustive market value and volume-wise evaluation through 2027, it thoroughly examines the regional and competitive outlook of the cold flow improver landscape for deeper yet precise insights.

At an estimated year on year revenue growth of 4.6%, cold flow improver is likely to reach over a billion dollar revenue in 2019, according to a new study presented by Future Market Insights. In terms of volume, the global cold flow improver consumption is slated to cross 300,000 tons towards the end of 2019.

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Although Europe remains the largest regional market for cold flow improver, supposedly recording the consumption of more than 116,000 tons by the end of 2019, research estimates that North America in terms of value will demonstrate a higher year on year growth of over 5% each year post 2019.

Over US$ 290 Million Projected for Europe’s Automotive Sector in 2019

Automotive, the leading end user of cold flow improver, is likely to reach the revenue in excess of US$ 260 Mn in 2019. Escalating global automotive production and sales is subsequently translating into the growing demand for lubricant additives, and thereby expanding sales of cold flow improvers. “With growing consumer inclination towards premium quality lubricant additives for enhanced engine performance, it is more likely that the sales of cold flow improvers will sustain over coming years,” says a senior market research analyst at FMI. Europe’s share in the automotive segment will remain around 40% over the next few years, signifying its position in the cold flow improver landscape at a global level.

Polyacrylate Continues to Register Highest Consumption over Other Types of Cold Flow Improver

With more than 31% share of the current revenue contribution by the product type category, polyacrylate (PA) remains the top selling product type, as indicated by the report. The total PA consumption volume in Europe alone will reach beyond 38,000 tons in 2019, followed by that in North America presumably approaching 30,000 tons the same year.

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China Positions itself as an Attractive Territory for Cold Flow Improver Suppliers

With the drastically expanding fleet size and the net vehicle parc, China, the global automotive manufacturing hub, is projecting itself as a highly lucrative regional market for automotive and cold flow improver manufacturers. Another strong factors encouraging Chinese market growth include elevating aviation traffic and a tremendously thriving economic scene. Besides the automotive industry, the fleet size of airline owners in China is demonstrating exceptional growth owing to the most favored low-cost business model. While this scenario is directly impacting a wide range of markets related to aircraft fuel and lubricant additives, cold flow improvers remain one of the top beneficiaries.

Regional Players Make up for 40-45% of the Cold Flow Improver Market Revenue

The global cold flow improver landscape is moderately consolidated, with a large number of Tier 3 players holding a collective market value share within the range of 40-45%. “Following Tier 3 companies are the Tier 1 market leaders accounting for a 30-35% share of the total market revenue,” reports the FMI analyst. While larger players have moderately strong global presence, Tier 3 companies that include a large number of regional and local players have strong regional presence, owing to which the latter account for a considerably larger market value in the cold flow improver landscape.

To cater to evolving regional demands more efficiently, cold flow improver manufacturers are opting for strategic M&A, in addition to joint ventures. The report points to a growing tendency of leading players in cold flow improver landscape to prioritize production capacity expansion. The market is thus witnessing expansion of existing production plants in high demand regions, as well as establishment of new manufacturing plants in high potential regions, in coming years. “Companies are also observed to be taking exclusive efforts towards exploring diverse applications of customized cold flow improvers,” says the analyst.

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How Significant is the ‘Bio-based’ Trend in Driving the Production Facility Expansion Strategy?

In a bid to modulate the environmental footprint, a majority of cold flow improver manufacturers are following a trend of using bio-based raw materials. “While adoption of sustainable raw materials such as vegetable oils helps them effectively slash the level of adverse environmental impact, it is more likely to receive additional benefits in terms of cost and performance. Lubricant manufacturers are thus planning production capacity expansion with sustainable raw materials in order to cater to soaring consumer demand,” the FMI analyst explains this trend further. The trend is likely to push capacity expansion efforts of leading manufacturers, driving revenue growth of cold flow improver landscape globally.

Cold Flow Improvers Market Segmentation

Product Type

Polyacrylate
Polyalkyl Methacrylates
Polyalkyl Methacrylates
Ethylene Vinyl Acetate
Others

By End Use

Automotive
Aerospace
Industrial

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Aircraft Cleaning Chemicals Market witness a CAGR of 3.4% in the forecast period of 2029

Sustained by notable increase in number of airlines, coupled with a mounting number of aircraft refurbishment and leasing activities, global sales of aircraft cleaning chemicals will witness a CAGR of 3.4% in the forecast period of 2019 – 2029. A sustainable shift towards bio-based cleaning chemicals is poised to be a prominent trend shaping up the future of global aircraft cleaning chemicals market, suggests a new Future Market Insights (FMI) study.

Bio-based and water-based cleaning chemicals are gaining traction in the market, as these are used to remove hazardous and toxic substances such as trichloroethylene (TCE), perchloroethylene, and other corrosive chemicals from aircraft. Bio-based cleaning chemicals are widely used by both civilian and military aircraft, owing to their non-explosive, low-flammability formulation, which completely eliminates the risk of fire.

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Key Takeaways – Aircraft Cleaning Chemicals Study

The number of air travel passengers is consistently increasing, with the establishment of more than 700 routes for better connectivity. According to the International Air Transport Association, global passenger traffic rose by 7.6% in 2017, which is more than the average annual growth over the last ten years, i.e. 5.5%. This increase creates immense opportunities for players operating in the aircraft cleaning chemicals market.
There is an increasing demand to replace hazardous, VOC-emitting degreasers, and cleaning products with green alternatives and safer products. Prominent manufacturers are focusing on the development of biodegradable, non-toxic, durable, cost-efficient, and non-hazardous cleaning chemicals. Aircraft cleaning chemicals market players are also emphasizing on providing chemicals free from hazardous ingredients, and having no special storage or disposal requirements.
Increasing health awareness, risk of infection, concerns over disease-causing pathogens on contaminated surfaces, etc., make today’s traveler extremely particular about hygiene. Hence, to provide a hygienic environment for travelers, the demand for cleaning chemicals, particularly disinfectants is expected to increase over the course of the forecast period.
Dry wash is an innovative, economical, and safe cleaning concept, minimizing the use of water. Dry wash method can do cleaning and shining in a single process. Dry wash is gaining popularity and preference among end-users as it reduces the cleaning cost as well as time. However, dry wash can require a lot of elbow grease and requires considerably more effort than wet wash.

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Who Is Winning?

The global aircraft cleaning chemicals market is highly fragmented due to the presence of good number of players in regional as well as international markets. Key manufacturers such as PPG Industries Inc., Illinois Tool Works Inc., Arrow Solutions, and Callington Haven Pty Ltd account for a prominent share in the global aircraft cleaning chemicals market. North America, followed by Western Europe is estimated to dominate the global aircraft cleaning chemicals market. However, developing regions such as China, India, ASEAN, and the Middle East are expected to create lucrative opportunities for market participants.

The foreseeable increase in the number of aircraft in the next two decades is expected to provide substantial opportunities for players operating in the aircraft cleaning chemicals services market, i.e. cleaning chemical and cleaning equipment manufacturers. Key manufacturers should focus on developing cost-effective as well as efficient products in order to gain a high brand value.

Aircraft Cleaning Chemicals Market Taxonomy

The global aircraft cleaning chemicals market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

Exterior
- Dry & Wet Wipes
- Dry wash Cleaning
- Wet Wash Cleaning
- Degreasers
- Exhaust & Soot Removers
- Polishes
Interior
- Equipment Cleaning
- In-flight Wipes
- Glass Cleaners
- Air Fresheners
- Leather Cleaners
- Carpet Cleaners
- Lavatory Cleaners
- Disinfectants
- Insecticides

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Formulation

Water-based
Solvent-based
- Synthetic
- Bio-based
Wax-based

End Use

Civil Aircraft
Commercial/Cargo Based Aviation
Military

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Isoprene Rubber Latex Market to reach US$ 1,602.0 Mn by 2031 – FMI

The global isoprene rubber latex market is anticipated to expand at 8.1% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent analysis. Increasing demand of medical gloves and condoms will continue driving the isoprene rubber latex sales. Growing utilization in medical and consumer goods industry will create conducive environment for the growth of the market in the coming years.

FMI also forecasts the global isoprene rubber latex market to register year-on-year growth of 10.1% in 2021. Surging application of isoprene rubber latex in manufacturing of medical gloves and condoms will help the market gain traction over the course of the forecast period.

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Isoprene Rubber Latex Market Base Year Value (2020A)	US$ 665.6 Mn
Isoprene Rubber Latex Market Estimated Year Value (2021E)	US$ 732.5 Mn
Isoprene Rubber Latex Market Projected Year Value (2031F)	US$ 1,602.0 Mn
Value CAGR (2021-2031)	8.1%
Collective Value Share: Top 3 Countries (2020A)	39.4%

Rising demand of medical gloves in the healthcare industries due to growing awareness about health and safety measures to be employed to prevent the spread of diseases after COVID – 19 pandemic is propelling growth of the isoprene rubber latex market.

The increasing use of isoprene rubber latex in the manufacture of personal protective equipment and industrial items such as seals, gaskets, and conveyor belts is anticipated to be a major growth driver. The growing demand for customized industrial gloves is expected to bolster the sales in the market. In addition to this, application in condom manufacturing will strengthen sales prospects.

Key Takeaways:

Medical glove manufacturers are the predominant consumers of isoprene rubber latex. Medical gloves segment exhibited high demand following the COVID-19 outbreak.
Application in condom manufacturing will increasing, driving sales in the market.
Demand in the U.S. will grow year on year by 8.8% in 2021.
Demand in China will grow by 8.8% between 2021 and 2031.
Sales in Germany will account for 14.3% of overall consumption in Europe in 2021.

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“Rising demand of medical gloves from healthcare industry and the increasing usage of adhesives in food, medical and industrial packaging will drive the market of isoprene rubber latex through the projected period from 2021 to 2031,” says a FMI analyst.

Competitive Landscape

Key market participants in the global isoprene rubber latex market elaborated in the report includes Top Glove Corporation Bhd, Zeon Corporation, PAO Sibur Holdings, Kraton Corporation, Ansell Limited, Supermax Corp. Bhd, Royal Dutch Shell Plc, Kossan Rubber Industries Bhd, JSR Corporation, Hartalega Holdings Berhad, Rubberex Corporation, Johnson Wilshire, Medline Industries, Inc., Dipped Products Plc, Protective Industrial Products, Inc., and many others.

Key players operating in the global isoprene rubber latex market are focusing on increasing their production capacities to strengthen their footprint especially in the emerging economies. Furthermore, key market participants are focusing on mergers, acquisitions and collaborations strategies to expand their global presence and strengthen their distribution network. For instance:

In April 2018, Top Glove Corp Bhd acquired Aspion Sdn Bhd transforming the company into one of the world’s largest surgical glove maker and strengthening its position as the world’s largest glove manufacturer.

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Isoprene Rubber Latex Market by Category

By Application:

Medical Gloves
Condoms
Medical Balloons
Catheters
Adhesives

By End Use:

Medical
Consumer Goods
Industrial

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Faecal Calprotectin Testing Market Will Generate New Growth Opportunities in Upcoming Year

Faecal Calprotectin Testing Market Overview

According to the latest research by Future Market Insights, the Faecal Calprotectin Testing Market will witness growth during 2021-2031. With current researches paving the path for further in depth study which will give minimum discomfort to the victims of this disorder are a positive sign for the faecal extraction systems market.

With increase in prevalence of inflammatory bowel syndromes and cancer, this market will receive boost due to scientists’ will to find new ways to treat diseases in the forecast period to the global market.

What is Driving Demand for Faecal Calprotectin Testing Market?

Crohn’s disease and ulcerative colitis come under the gambit of inflammatory bowel syndromes. Calprotectin is a serum which is present at site of any kind of inflammation; hence it is also called as an inflammatory marker or biomarker. Making IBS a major driver in this testing market. Changes in calprotectin levels of a faecal sample can play a major role in identifying the bowel syndromes which cause inflammation, making it a major driver of the market.

The capability of calprotectin to be able differentiate between irritable bowel syndrome and inflammatory bowel syndrome makes is a most impactful driver of this market. This uniqueness of calprotectin makes it swift in detection and treatment of bowel related diseases.

Constant alteration in the diet of individuals raise the risk of IBS and increase an individual’s susceptibility towards it. A more detailed study to understand this relation will definitely assist in making necessary changes in its testing and act as a driving factor.

Prediction of post-operative recurrence of Crohn’s disease –

As published by researchers in the Digestive and Liver Disease Journal in May 2020, faecal calprotectin has a potential application in detecting the reoccurrence of Crohn’s disease.

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As established earlier, Calprotectin presents itself at the site of any kind of inflammation and is therefore known as an inflammatory biomarker. This recent study shows that this serum can also act as predictive indicator in some cases. Variation in its levels in the patients with history of Crohn’s disease proved to be an indicator of recurrence of the disease. This and many future findings will help in making individuals actively do the testing and hence give a boost to the market.

U.S. and Canada Faecal Calprotectin Testing Market –

According to Centre for Disease Control, colorectal cancer ranks 4^th among the top 10 cancer prevalence in US. Investments and government support in conducting research in various verticals will definitely attract more attention to the faecal calprotectin market.

Developments like these showcases the encouragement provided by the authorities in developing novel systems. This will definitely aid U.S in dominating the market as there is an increase in importance of detection, prevention and treatment disease will further boost this market.

Europe Faecal Calprotectin Testing Market –

European region seems to be at the front for faecal calprotectin testing. Looking at the recent developments, European authorities tend to focus on encouraging exploration of new applications in any section of healthcare sector. A very peculiar study published in the Scandinavian Journal of Gastroenterology, explored the application of calprotectin faecal testing in diagnosis of colorectal cancer, as abdominal complaints are quite common in colorectal cancer patients.

Another interesting development which makes Europe a leading market in this market, is a study conducted with an attempt establish a connection between dermatological complications and faecal calprotectin. According to this Journal of Clinical and Experimental Dermatology published article, skin lesions are very common occurrence in inflammatory bowel syndrome (IBS). Given the sensitivity of the serum calprotectin towards inflammation, proper targeted testing done in this direction will definitely give a boost to this market.\

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Who are the key manufacturing and supplying companies in Faecal Calprotectin Testing Market?

Key Players:

ALPCO
Alpha Laboratories
bioMérieux SA
Canvax Biotech
DRG Instruments GmbH
Promega Corporation
Svar Lifescience (CALPRO)
Arbor Assays
Werfen
BUEHLMANN

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 an 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.

Faecal Calprotectin Testing Market Report Highlights:

Detailed overview of the 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

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.

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Key Segments –

By Assay Type:

ELISA (Enzyme linked Immunosorbent Assay)
Enzyme fluoroimmunoassay
Quantitative immune-chromatography

By Application:

Crohn’s Disease
Ulcerative Colitis
Colorectal Cancer

By End User:

Hospitals
Diagnostic Laboratories
Ambulatory Care Centres
Research Institutions

By Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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

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Decorative Plastic and Paper Laminates Market is projected to reach US$ 113 Bn by the end of 2028

The global Decorative Plastic and Paper Laminates market is projected to reach a value of US$ 66 Bn by 2018 end and is projected to reach US$ 113 Bn by the end of 2028. The Decorative Plastic and Paper Laminates market is estimated to expand at a CAGR of 5.5% during the forecast period. The global Decorative Plastic and Paper Laminates market is projected to create an incremental opportunity worth US$ 46 Bn between 2018 and 2028.

Strong recovery of the housing segment, coupled with shifting consumer preferences, is playing a vital role in creating business opportunities in the global decorative plastic and paper laminates.

In a recently released Future Market Insights outlook for decorative plastic and paper laminates, the global revenue is likely to observe moderate yearly growth in 2019 and approach US$ 70 Bn. “A majority of the sales of decorative plastic and paper laminates is attracted by a large number of smaller players operating in the competitive landscape. While more than half of the market value is accounted by the Tier 3 players that prominently include SMEs, a mere 10-15% share belongs to Tier 1 companies,” says a senior research analyst at the company.

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Key Insights at a Glance

A third of the total market revenue is accounted by China, followed by Eastern Europe. FMI points to remarkable progress in sales of decorative plastic and paper laminates within BRICS countries.
Soaring demand for decorative foils and papers in the commercial sector is prominently responsible for superiority of low pressure laminates over high pressure counterparts.
As smaller players dominate the market, the strategic focus remains on product differentiation and cost competitive pricing. Reduced VOC emissions is another important factor dictating strategic moves of manufacturing SMEs.
Key players in decorative plastic and paper laminates landscape are currently concentrating on channelizing their efforts towards strengthening the distribution network, in addition to establish a direct sales channel.

Rapid Recovery of Residential Housing Sector Firms up the Base for Decorative Plastic & Paper Laminates Demand

Although commercial sector currently dominates in terms of demand for decorative plastic and paper laminates, residential housing sector is likely to take over soon.

The residential construction realm has been witnessing strong signs of recovery over the past couple of years, which is playing a key driving force for the revenue growth of decorative plastic and paper laminates landscape.

Moreover, rapid growth of hospitality sector is providing a strong impetus to product innovation, thereby pushing the growth of leading bands dealing in decorative plastic and paper laminates landscape.

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Commercial construction is also significantly favoring the sales decorative plastic and paper laminates, as indicated by the report.

Manufacturers of decorative plastic and paper laminates are also capitalizing on opportunities presented by a growing number of remodeling and repainting projects.

Wooden Flooring Trends among Consumers, Following Furniture & Cabinets

“Furniture and cabinets account for over half the share of total market value, whereas flooring applications are likely to gradually take over,” says the analyst.

Shifting consumer preferences for laminate flooring in both residential and commercial sectors is creating a heap of investment opportunities for manufacturers of decorative plastic and paper laminates.

“Consumers today seek endurance, scratch resistance, and aesthetics while purchasing furniture for homes or workplaces. Such factors are provide the trigger for application specific innovations in decorative plastic and paper laminates,” the analyst explains further.

Spectacular growth prospects are identified for Asia, North America and some parts of Eastern Europe.

Mushrooming Popularity of RTA Furniture Favors Global Sales of Decorative Plastic & Paper Laminates

Constant design innovation, consistent focus on superior quality, and maximum convenience are collectively driving consumer appeal for ready-to-assemble (RTA) furniture, especially in developed markets of North America and Europe.

Manufacturers of both RTA furniture and decorative plastic and paper laminates are taking efforts to collaboratively unlock the opportunities – with an additional benefit of less susceptibility to damage during transit and shipping.

Penetration of RTA furniture into developing economies is also gradually increasing owing to relatively lower price point and maintenance cost, thereby contributing to sales of decorative plastic and paper laminates.

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Digital Print Designs on Decorative Plastic and Paper Laminates Gather Considerable Momentum

Personalization has been trending across industries, and interior decoration is among the prominent ones. Customized digitally printed laminates are especially designed to cater to specific consumer demands regarding print design, pattern, and graphic.

Sheets of digital decorative plastic and paper laminates have high resolution images printed on them, and can be directly applied on furniture, doors, commercials, exhibition stands, and walls.

Digital print laminates are creating a slew of opportunities for manufacturers in the decorative plastic and paper laminates landscape.

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Coal Tar Pitch Market anticipated to reach a valuation of US$ 5.15 Bn by 2028 – FMI

In 2022, the coal tar pitch market is valued at US$ 3.76 Bn and is likely to witness a moderate increase in growth with a CAGR of 5.4% during 2022-2028. By 2028, the global coal tar pitch market is anticipated to reach a valuation of US$ 5.15 Bn.

Tier-1 companies in coal tar manufacturing represent 60-70% share of the total market revenue. With massive coal tar distillation capacities across the globe, these players in coal tar pitch landscape maintain their focus on both, standard grade and special grade coal tar pitch (CTP) production.

Tier 2 players have a strong presence over restricted regions, whereas that of Tier 3 competitors is limited to regional sales. Standard grade coal tar pitch is the key focus area for the latter two, according to Future Market Insight’s study on the global coal tar pitch landscape.

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“Production facility expansion, strategic acquisitions, and CTP product innovation will remain the key developmental strategies trending among leading players,” says a senior research analyst at FMI. The analyst adds further, “Massive Aluminum demand from automotive and transportation sectors has been pushing the Aluminum production levels 4-5% (yearly) since the recent past. Growing demand for lightweight vehicles is among the most impactful factors driving the consumption of Aluminum, subsequently contributing to sales of coal tar pitch”.

Long-term Contractual Partnerships & Backward Integrated Supply Rule Strategic Minds of Coal Tar Pitch Manufacturers

While manufacturers of coal tar pitch are preferring long-term supply contracts with leading coal tar manufacturers, FMI has also identified these players entering strategic partnerships with steel manufacturers, where coal tar is often the byproduct of coke processing ovens. A few other activities that make this landscape dynamic include long-term contracts between manufacturers of coal tar pitch and those of primary aluminum and graphite electrode, with a sole objective to sustain the coal tar pitch supply to end markets.

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Aluminum Grade CTP Holds a Winning Revenue Share in Coal Tar Pitch Market

Application-wise, around 80% revenue share belongs to the aluminum electrode, according to the study. As coal tar pitch is increasingly being consumed by aluminum smelters lowing to higher sustainability and economic feasibility, the mushrooming Aluminum production is constantly driving the growth of coal tar pitch landscape. In 2019, the revenue of Aluminum grade coal tar pitch is pegged for over 5% Y-o-Y growth. Besides, Graphite electrode is also slated for promising performance and the application base of coal tar pitch as a chemical intermediate in carbon black manufacturing is visibly growing.

Development of Specialized ‘Zero QI Impregnating’ Coal Tar Pitch Expands Applicability

A specialized ‘impregnating’ pitch obtained by processing coal tar at a high temperature is widely used in the Graphite industry during the electrode manufacturing process. The resultant technological advancements in the life of electrodes pushes CTP applications in roofing, coating, electrode, refractory, and others.

China Commands over Global Coal Tar Pitch Landscape, India Leads Asia Pacific’s CTP Scenario

China, India, Russia, and Western Europe have a significant aluminum production base, whereas MEA is demonstrating promising growth in coal tar pitch landscape in recent years. North America, however, is observing passive growth over the recent past, post decline in the aluminum production levels.

According to the FMI’s report, China is the global leader in coal tar pitch ecosystem owing to significant Aluminum production and thriving production levels of Graphite electrode. China is projected for a 6% year on year revenue growth by this year’s end, reflecting ample growth opportunities for coal tar pitch manufacturers.

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Coal Tar Pitch Market: Segmentation

Form

Solid coal tar pitch
Liquid coal tar pitch

Grade

Aluminium grade coal tar pitch
Graphite grade coal tar pitch
Special grade coal tar pitch

Application

Aluminium Electrode
Graphite electrode
Roofing coating material
Blast Furnace linings
Chemical intermediate
Sealants

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Plywood Market to reach a valuation of US$ 115 Bn by 2028 – FMI

The global plywood market size is estimated to be valued at US$ 80.5 Bn in 2022, and register a CAGR of 6.1% to reach a valuation of US$ 115 Bn by 2028.

Eco-friendly Nature of Wood to Intensify Sales of Plywood

Global infrastructural development has reached newer heights in the last few years, with massive constructions – both residential and commercial – mushrooming across both Tier 1 and Tier 2 cities across the world. This has led to impressive growth of the global building and construction industry and as a consequence positively impacted revenues of ancillary industries. Plywood is an inherent component of the construction industry – being widely used in manufacturing readymade and customised furniture.

“Growth in global consumption of plywood is pegged to increase at a decadal rate of 4.6% to reach 164,402 cubic meters by the end of 2022. This growth is attributable to the continuous demand from end-use industries especially the furniture production industry.” — Future Market Insights

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Future Market Insights (FMI) throws light on some of the key factors boosting revenues in the global market for plywood. Plywood finds increasing use across diverse applications ranging from furniture, flooring, and packaging of high-value goods. This is anticipated to boost sales of plywood in the global market, according to Future Market Insights forecasts. A growth in residential and commercial spaces across the world has further boosted the demand for readymade and aesthetically designed furniture, incorporating extensive use of plywood. With people opting for designer furniture, the demand for plywood from the furniture industry is already peaking and this is anticipated to augment revenues in the global plywood market.

Besides, there is an increasing global phenomena promoting the use of wood and wood based products in the construction of both residential as well as commercial buildings. This trend is being supported by laws enforced at the administrative level. For instance, Japan’s “Act for Promotion of Use of Wood Products in Public Buildings, 2010” seeks to encourage the use of plywood in the construction sector. Global construction projects focusing on wooden skyscrapers such as the Oakwood Timber Tower are also expected to positively impact demand for plywood in the coming years.

Wood and wood based products such as plywood are eco-friendly in nature, encouraging the plantation of trees to meet the rising demand. Plywood and other ancillary wood products contribute to environmental protection. This is another factor acting in favour of the plywood market.

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This study by FMI on the plywood market further identifies the growing importance of plywood in the global packaging industry as a key demand driver. “Plywood has enhanced mechanical strength besides being lightweight in nature. Plywood is also reusable and helps save on costs. This makes plywood the best packaging option for various types of products. With the current ban on plastic for product packaging, plywood is being increasingly adopted as a highly effective raw material to package different types of goods. This is expected to boost revenues in the global plywood market.”

Lucrative Opportunities Lie in the African Timberlands for both Existing Players and New Market Entrants

The presence of vast expanses of land in Africa coupled with the overall low costs of maintenance and production in the region make Africa a very attractive choice for the growth of forestry and the manufacturing of wood products, particularly plywood. Manufacturers in the global plywood market are looking at lucrative growth prospects in the African continent, given the region’s huge natural timberlands and mature plantations. Harvesting of plywood in the African forests is both cost-effective and environment friendly. This is boosting the setting up of backward integrated units manufacturing plywood, hence creating highly lucrative opportunities for players in the global plywood market.

Massive growth of the global construction industry has resulted in the pumping in of huge infrastructure investments by both private sector and public sector enterprises. This is likely to broaden the horizon for regional manufacturers of plywood with endless possibilities for revenue growth.

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Adoption of Plywood in Digital Printing Trending the Global Market

Plywood is increasingly finding application as a substrate in high-scale inkjet printing projects. Plywood is used as an alternative to aluminium and plastic sheets owing to its non-reflective nature. Digitally printed plywood serves as an excellent substitute for several outdoor applications such as fence and road signs, as it is highly durable. This is the latest trend dotting the global plywood landscape, pushing revenues in the global market.

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