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Separation anxiety is an increasingly common condition among pets, particularly among those of urban pet owners. Hectic lifestyle and stress often result in destructive behavior in pets such as shredding, incontinence, and excessive salivation. The efficacy of microalgae in controlling anxiety will support adoption in the long term. According to FMI’s research, the demand for microalgae in pet food sector will hit US$ 22 Mn in 2021, growing at a CAGR of 4.8% through 2031 end.

Travel, boarding, grooming, and visits to the veterinarian can be stressful for pets. Calming and sedative drugs, such as Prozac, can cause pets to become drowsy and lethargic. Pet pills containing microalgae can help alleviate anxiety without causing drowsiness or sluggishness. Microalgae-based pet supplements are becoming popular as they aid in the reduction of anxiety in pets.

The primary driver of the microalgae in the pet food sector market is the rising rate of pet ownership and the resultant demand for nondiscretionary and discretionary products including treats, toys, and other food products.

The increasing adoption of cats and dogs as companions for families is driving the pet food market. Japan for instance, has a larger number of pets as compared to the number of children under 15 years. Microalgae is a primary ingredient in the pet food. Consequently, rising pet adoption is fueling the demand for microalgae in pet food.

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Key Takeaways from the Demand for Microalgae in Pet Food Sector Study:

• China holds the lead in the East Asia market accounting for more than 52% owing toa vast population, and growing trends of pet humanization.
• The U.S. leads the North America market size supported by consumer demand for pet food free of artificial colours, preservatives, and flavours.
• Spirulina products account for a share of 45.6% in 2021, supported by a superior nutritional profile.
• Dog feed applications are estimated to account for 46.5% of the global market in 2021, owing to higher adoption as pets.
• Fresh water microalgae hold 84.4% of the global microalgae market. However, marine water alternatives are expected to rise with a CAGR 6.5%.

“The clean label movement is gaining momentum in response to the rising demand for transparency regarding feed and food ingredients. The demand for microalgae in pet food formulations has grown due to increasing awareness about pet nutrition and health, with easy access to information. These factors will will drive long term growth,” said a lead analyst at FMI.

Naturally Derived Ingredients in Pet Food Market Drives Expansion

Consumers have become more attentive towards pet food and ingredients use than ever before. As natural and organic options become a popular choice for human food, an increasing number of pet owners are looking for similar attributes in food for their pets.

Customers expect pet food that is free of preservatives, artificial colors, and flavors, in addition to checks on toxic pesticides, antibiotics, and synthetic hormones. As a result, naturally derived ingredients such as microalgae are in high demand in pet food and animal feed.

Who is Winning?

To increase penetration in untapped markets, major companies are focusing on product development strategies. Key players operating in the global market also focusing on mergers and acquisitions with the local manufacturers to reach emerging markets such as India, China, and Brazil.

Some of the leading companies offering microalgae in the pet food sector are DIC Corporation, Koninkliijke DSM NV, Roquette Frères, Sun chlorella, Cellana LLC, Fuji Chemical Industries Co., Ltd., Corbion (TerraVia Holdings), Yunnan Green-A-Bio-engineering Co Ltd., Buggypower, Algatec (Lusoamoreiras), Cyanotech Corporation, BASF SE, Parry Nutraceuticals, Beijing Gingko Group, KDI Ingredients, Sinoway Industrial Co. Ltd and others.

Get Valuable Insights into Demand for Microalgae in Pet Food Sector

Future Market Insights, in its new offering, provides an unbiased analysis of the demand for microalgae in pet food sector presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the demand for microalgae in pet food sector based on species type (spirulina, chlorella, dunaliella, haematococcus, crypthecodinium, schizochytrium, euglena, nanochloropsis, phaedactylum, and others), by source (marine water and fresh water), and by end use application (dog feed, cat feed, birds and others) across five major regions.

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Key Points Covered in Demand for Microalgae in Pet Food Sector Study

• Market estimates and forecast 2015-2031
• 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 Demand for Microalgae in Pet Food Sector and How to Navigate
• Recommendation on Key Winning Strategies

Key Questions Answered in the Report

• What is the growth outlook for microalgae in the pet food sector?

The demand for microalgae in the pet food sector is projected to grow at a CAGR of 4.8% from 2021 – 2031.

• What is the current microalgae in pet food sector market value?

Microalgae in the pet food sector market is estimated to be valued at US$ 22.1 Mn in 2021.

• What will be the estimated volume growth in demand for microalgae in pet food sector in 2021?

In 2021 the microalgae in pet food sector market accounted for 1653 DW tons.

• At what rate did the demand for microalgae in pet food sector rise in the last 5 years?

Between 2016 and 2020, the demand for microalgae in pet food sector grew at a CAGR of 4%.

• Who are the top players making microalgae available in pet food sector?

The top 5 players of the microalgae in pet food sector market are Koninkliijke DSM NV, Fuji Chemical Industries Co., Ltd., Yunnan Green-A-Bio-engineering Co Ltd., Sun chlorella, and DIC Corporation. These companies cumulatively account for 55-60% of the global market.

• What is the North America demand outlook for microalgae in pet food sector?

The North America demand for microalgae in pet food sector is expected to grow at a moderate CAGR of 3.9%.

• At what rate will the demand microalgae in pet food sector grow in Europe?

The demand for microalgae in pet food sector is forecast to grow at a 4.5% CAGR through 2031 in Europe.

• What is the Y-o-Y growth of the global demand for microalgae in pet food sector?

In 2020 – 2021, the y-o-y growth of the demand for microalgae in the pet food sector hit 7%.

• What are the prospects of demand microalgae in pet food sector in China and Japn for 2021?

In 2021, the China and Japan will account for 52.4% and 11.9% of the East Asia market respectively.

• What are the key trends affecting the demand for microalgae in pet food sector?

Use of pet supplements to reduce anxiety in pets, year-round harvesting, naturally-derived ingredients, preference for quality, and increasing demand from pet owners, cattle farmers, and hobbyists concerning the advantages of microalgae in animals feed are the key trends observed in the market.

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 centres 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.

Industrial Spindles are machine tools which consist of a rotating shaft and fixture. The fixture allows to hold a work piece/tool in a fixed position so that desired operation (milling, grinding, drilling, boring, turning) can be performed upon it. The Industrial Spindle finds application in various industries such as automotive, aerospace, military and manufacturing to name a few. The Industrial Spindles perform operations based on the different user preferences and hence they are designed differently for drilling, grinding, milling, hobbing etc.

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The Industrial Spindles can be designed for automatic balancing, air purging, high-frequency drives, can be equipped with encoders and designed to regulate heat functionality. All these features entirely depend on the end-application, the type of output you want from the machine and the type of machine you want to fit the spindle onto.

Industrial Spindles Market: Market Dynamics

The growth in automation and developments in the CNC machines has been a key growth factor for the Industrial Spindles market. The demand for precise tooling to create sophisticated vehicles is increasing today.

The significant developments in past few years enhancing the production of complex work piece geometries has introduced spindles with high accuracy, repeatability and reliability.

These activities have optimized time and energy for the end-user and decreased their lead time. Such factors have positively driven the growth of the Industrial Spindles market.

The vibrations and bearing failure issues in Industrial Spindles, are key factors restraining the growth of the Industrial Spindles market. These are critical parameters to evaluate the machine health along its operational life. The availability of low cost manual labor and high cost of maintenance have restrained the use of industrial Spindles. These challenges are decelerating the growth of the Industrial Spindles market.

The trends in automation and the shift towards smart production has led to production of new and advanced versions of Industrial Spindles. This has given Industrial Spindles the ability to monitor and control multiple process modules.

They can suggest task combinations, optimize existing processes and enable enhanced performance. They can perform their own tasks and manage industrial production processes.The upcoming developments in the industrial sector and government methods to boost production have created lucrative opportunities for the Industrial Spindles market.

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COVID-19 Impact:

The COVID-19 pandemic has bought all businesses to a screeching halt. However, it has established new grounds for the Industrial Spindles market, as many manufacturers have started repair, services, and maintenance and consultation programs for their machine tool customers.

Especially the manufacturers who used collaborative technology had little to no impact on their facility’s productivity. The demand variations from different sectors and a volatile market, had major financial impact on all players. Industries are still under the pressure to operate efficiently in a disrupted global supply chain.

The response capabilities of such industries will determine the measure of investment in automation, scraping old machines and improvising existing tools to keep up with the industry standards.

Industrial Spindles Market: Regional Outlook

Domestic players in regions such as Asia and Europe continue to influence the Industrial Spindles market owing to presence of allied industries manufacturing raw materials, extensive network of distributors and strong end-user audience.

In North America, OEMs of Industrial Spindles have a larger market share. They are the prime influencers in product development and innovation especially for aerospace and military industries.

Comparatively, in regions like Middle East, there are a large number of authorized industrial and automotive distributors. There is a moderate percentage of players engaged in manufacturing spindle accessories and assembly tools in the Middle East.

The report covers exhaustive analysis on:

• Industrial Spindles Market Segments
• Industrial Spindles Market Dynamics
• Industrial Spindles Market Size
• New Sales of Industrial Spindles
• Current Trends/Issues/Challenges in the Industrial Spindles Market
• Competition & Companies Involved in Industrial Spindles
• New Technology for Industrial Spindles
• Value Chain of the Industrial Spindles Market

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Industrial Spindles Market: Key Participants

Some of the key players in Industrial Spindles Market across the value chain are as below:

• SycoTec GmbH & Co. KG
• Setco Inc.
• TDM Spindles SA
• GMN Paul Müller Industrie GMBH & CO. KG
• Colonial Tool Group Inc.
• Mechatron Gmbh
• Makino Inc.
• Nippon Bearing Co. Ltd
• Dynomax Inc.
• HAAS Automation Inc.
• Concentra Innovative Engineering
• Hann Kuen Machinery & Hardware Co. Ltd.

The research report on the Industrial Spindles market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Industrial Spindles market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as Fleet, Product services, Geography and Equipment.

As per a study by FMI, the low sodium sea salt market is expected to exhibit a steady growth and reach a valuation of US$ 106.6 Mn in 2021. The global market is expected to rise at a CAGR of 6.6% during the forecast period of 2021 to 2031.

According to a study by FMI, the market is exhibited a 5.9% year-on-year growth in 2021 regardless of COVID-19 pandemic. The sales are expected to rise steadily owing to rising risk of heart diseases and high blood pressure.

Patients in Germany with acute hypertension are adopting food and beverages with low sodium content. The German Federal Institute for Risk Assessment has also demanded reduced salt content in processed food to combat hypertension. These factors will boost demand for low sodium sea salt market in this region.

The U.S. is the biggest importer of low sodium sea salt however this country has strict and heavy import tariffs on numerous commodities including low sodium sea salt. This has hampered profit margins for key players in the country, therefore they are shifting their production base to different countries.

Excessive usage of high-sodium food such as snacks, canned food, and other processed foods are causing chronic diseases and health consequences. This is favoring regional players and they are investing in locally sourced ingredients. These strategies undertaken by market players will create prospects for growth in the coming years.

The report forecasts dry sea salt sales to surge at an accelerated pace over the coming years. Dry sea salt helps in preventing iodine deficiency and hypothyroidism. Rising awareness about such health benefits will create prospects for sales in the coming years.

“Key players are investing in locally sourcing and producing to cater demands from local consumers and strengthen their foothold in the regional market”, says the FMI analyst.

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Key Takeaways

• Convenience stores are anticipated to remain preferred sales channel, registering a CAGR of 6.5% during the forecast period.
• Application as flavoring agent will grow at a CAGR of 4.1%. The segment will account for 41.9% of the market value share by the end of forecast period.
• Low sodium sea salt demand in grain form will rise at over a CAGR of 6.8% and hold 78.9% of the market through 2031.
• Dry sea salt sales are expected to register a growth of 6.3% CAGR over the forecast period as it aids in preventing iodine deficiency and hypothyroidism.
• China is expected to hold a market value share of 63.4% in 2021 in the APEJ market as this country is the biggest producer of low sodium sea salt in the global market.

Key Drivers

• Rising demand to reduce hypertension and risks related to electrolyte imbalance among consumers is expected to boost demand for low sodium sea salts.
• Increasing awareness regarding the harmful effects of salt consumption among consumers is boosting demand for low sodium sea salt sales. Manufacturers are also investing in improving product quality to cater rising shift towards healthy lifestyle choices.
• Rising demand for processed meat products that are free from artificial ingredients and low in sodium with labels such as “all natural” and free-from antibiotics and growth hormones” is influencing purchasing decisions of consumer.

Key Restrains

• Saturated market in developed countries such as the U.S. is acting as a major obstacle for growth.
• High cost involved in production and research & development activities will hinder the market growth.

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Competitive Landscape

Key manufacturers in the global low sodium sea salt market are investing in research and development activities to deliver better products and cater to consumer demand. They are investing in product testing, marketing, and advertising to gain competitive edge.

For instance, Salt of Earth in June 2021, launched all natural low sodium sea salts for lentil bites at millennial snack consumers.

In April 2021, RobertBrews launched its new line of low sodium seasonings and rubs to meet the vegan and gluten free requirements.

Key players operating in the global low sodium sea salt market profiled by FMI are:

• SaltWorks Inc.
• K+S AG
• Cargill
• ADM
• A&B Ingredients
• Selina Naturally
• INFOSA
• Atacama Sea Salt
• Solo Sea Salt.

More Insights on the Low Sodium Sea Salt Market:

FMI provides an unbiased analysis of the low sodium sea salt market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges compelling insights on the global low sodium sea salts market with a detailed segmentation on the basis of

Product

• Wet Sea Salt
• Dry Sea Salt

Form

• Grain
  • Coarse
  • Semi-Fine
  • Fine
• Flakes
• Spray

Application

• Water Softner
• Water Treatment
• De-Icing
• Anticaking
• Flavoring Agent

Distribution Channel

• Direct Sales/B2B
• HoReCa
• Indirect Sales
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Independent Small Groceries
  • Wholesale Stores
  • Online Retail
  • Others

Region

• North America
• Latin America
• Europe
• APEJ
• Japan
• Oceania
• MEA

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Key Questions Covered in the Low Sodium Sea Salt Market Report

• The report offers detailed insights into low sodium sea salt demand outlook for 2021-2031
• The market study also highlights projected sales growth for low sodium sea salt market between 2021 and 2031
• Low sodium sea salt market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends, evaluation of current market size, and technological advancements within the industry
• Low sodium sea salt market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Grouting is a process that involves mixing / friction and creates a strong shear between various materials for the treatment of soil and rock formations. It is used for the injection of slurry feed and industrial grout machine.

There are various kinds of grouting machines, such as electronic grouting machine, electric grouting machine, cement grouting machine, high-pressure grouting machine and others. Grouting machine are commonly used for hydro power, cement grouting and dam construction and others applications such as geothermal injections, bentonite injection and micropiles, etc.

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Grouting Machine: Market Dynamic

The high maintenance standards for grouting machine, the key limiting factor for the use of grouting machine is the occupational hazard associated with environmental contamination. The low level of knowledge and product acceptance rate of grouting machine in many countries around the world is another crucial aspect to increase demand of grouting machine market.

With the increasing scope of grout machine in new applications such as dam foundations, dikes, or around household waste, it is therefore expected that the market for grouting machine will undergo robust growth in upcoming forecast period of time.

A significant concentration of cement grouting machine is needed for construction to massively increase construction activities across commercial, residential buildings and enterprises. At the same time, the use of grouting machine has enhanced in exact proportion due to the increased amount of cement as a base material on roadways.

The manufacturers of grouting machine are focused on new product launches in order to explore future growth opportunities, confirming them with compulsory standards. One key example is that there are several advantages of environmentally protected grouting machine using environmentally free hydraulic fluid, such as less noise, stable performance and high efficiency.

The grouting machine sales by the OEMs have employed both direct and indirect sales channels, Also in order to strengthen the business footprint in new territories, joint collaborations, franchisee dealership have also been undertaken by the manufacters.

COVID-19 Impact on Grouting Machine

The covid-19 crisis is anticipated to have a consequential impact on the global economic growth for the period of 2020-2021. The global grouting machine market growth is projected to be affected by the pandemic crisis, and is expected to witness a significant drop demand in 2020.

With the slowdown of construction activity resulting in reduced sales movement of consumables and equipment, the grouting machine market is also expected to take an initial hit in its growth and is expected to move towards revival not later than the upcoming 4-6 quarters of the forecast period.

Grouting Machine: Regional Outlook

Europe is expected to exhibit conservative growth, with demand coming primarily from the eastern side. The emerging markets for grouting machine in the next decade, whose growth rate is projected to be more than the global average, are touted in addition to the Middle East and Latin America regions.

In the face of growing construction activities in developed as well as developing countries for grouting machine, Asia is considered a region of significant development. Due to the ongoing development of the construction sector after 2015, the U.S. is also considered to be another prominent market and streams significant investments from government and public companies.

Grouting Machine:  Key Market Player

• ChemGrout
• Kenrich Products, Inc
• EZG Manufacturing
• Cs Engineering Works
• PEAKEDNESS Inc.
• Henan Weibang Intelligent Science & Technology Co., Ltd.
• Mai International GmbH
• TOHO CHIKAKOKI.

Grouting Machine:  Regional Market Outlook

• Europe (Germany, UK, Italy, France and Russia)
• North America (US, Mexico and Canada)
• South America (Argentina, Brazil, Colombia)
• Asia – pacific (India, Japan, China, Korea and Southeast Asia)
• Middle East and Africa (UAE, Egypt, Saudi Arabia, South Africa and Nigeria)

The grouting machine overall report is a gathering of direct information, emotional and quantitative assessment by industry analysts, commitments from industry masters and industry individuals over the value chain.

The grouting machine report gives all around examination of parent market designs, full scale money related pointers and controlling variables close by market appeal as per parts. The report moreover maps the emotional impact of various market factors on market areas and geologies.

The Grouting Machine report covers exhaustive analysis on:

• Grouting Machine market segment
• Grouting Machine market dynamic
• Grouting Machine market size
• Grouting Machine market key player
• Grouting Machine market outlook

The grouting machine 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 grouting machine market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The grouting machine report also maps the qualitative impact of various market factors on market segments and geographies

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Report Highlights:

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

Grouting Machine: Market Segmentation

The grouting machine can be segmented by type and operation

type :

• Cement Grouting Machine
• Chemical Grouting Machine
• Bituminous Grating

operation:

• Hydraulic
• Air powered
• Gas
• Electric

Thioglycolic acid, also known as mercaptoacetic acid is a high-performance chemical containing mercaptan and carboxylic acid functionalities. Thioglycolic acid is a colorless liquid with strong, typical mercaptan odor. Thioglycolic acid is produced by reacting sodium or potassium chloracetate with alkali metal hydrosulfide and can also be produced by reacting sodium thiosulfate and chloroacetic acid.

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Thioglycolic acid finds application as an intermediate in the chemical reactions such as in elimination, addition and cyclization. Moreover, thioglycolic acid acts as a precursor to chemicals such as sodium thioglycolate, ammonium thioglycolate and calcium thioglycolate.

Thioglycolic acid acts as a corrosion inhibitor in recovery and transportation systems of oil & gas. Organotin derivatives of thioglycolic acid are used as stabilizers for polyvinyl chloride. In organic synthesis, thioglycolic acid acts as a sulfur transfer agent for sulfonyl chloride synthesis and nucleophile in thioglycolysis reactions. Further, it is used in leather processing. Thioglycolic acid find applications in various other end user industries including polymer, leather, chemical & petrochemical, cosmetics, metal & metallurgy and others.

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Global Thioglycolic Acid Market: Dynamics

Increasing demand from oil & gas sector for corrosion inhibitor and flow stimulator is expected bolster the demand for thioglycolic acid in upcoming future.

Moreover, in developing nations, increasing disposable income is pushing the consumption of cosmetic products including hair care and thereby, positive impacting the thioglycolic acid demand growth.

Increasing need for metals and plastics in various industries to positively impact the thioglycolic market.  Developed countries from Europe and North America having regulations on use of thioglycolic acid is preventing the market to reach to its full potential.

High reactivity of thioglycolic acid increases the cost of packaging material may reduce the net profits of the manufacturers.

COVID-19 Impact:

The end use industries such as oil & gas, chemical & petrochemical, plastics & polymers, metal & metallurgy have been impacted severely by the ongoing pandemic (Covid-19) crisis. The production in these end-user industries have been halted on the basis of the government regulations for social distancing and also disruption in supply chain.

Moreover, the thioglycolic acid has market has experienced negative growth during the pandemic time and is expected to gain traction in a quarter or two by resumption towards industry average production rate by the manufacturers.

Global Thioglycolic Acid Market: Regional Outlook

Asia-Pacific region has been understood to hold a prominent share of thioglycolic acid and is expected to grow from moderate to high rate backed by growing end use markets of personal care products highly in countries such as China, India and Indonesia.

North America and Europe are also expected to hold a significant share of the thioglycolic acid market; albeit to grow at a comparatively lower rate. Increasing oil & gas activities in the U.S. is primarily expected to drive the North America thioglycoloc acid market. Increasing growth in petrochemical industry in and oil exploration in Middle East & Africa is the prominent factor driving the regions thioglycolic acid demand.

Latin America thioglycolic acid market is expected to on the basis of growth in cosmetics and metal & metallurgy industries.

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Global Thioglycolic Acid Market: Key Participants

Examples of some of the market participants operating in the global Thioglycolic Acid market are:

• Arkema
• Bruno Bock Chemische Fabrik GmbH & Co. KG
• Daicel Corporation
• Ever Flourish Chemical
• HiMedia Laboratories
• Merck Millipore
• Qingdao LNT Chemical Co., Ltd.
• Ruchang Mining
• Sasaki Chemical
• Swan Chemical
• Thermo Fisher Scientific, Inc.
• Tokyo Chemical Industry Co., Ltd.

The Thioglycolic Acid market research report presents a comprehensive assessment of the Thioglycolic Acid market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The Thioglycolic Acid market research report provides analysis and information according to Thioglycolic Acid market segments such as geographies, application and industry.

Future Market Insights (FMI) analysis on the Automotive Skid Plate market offers insights into factors affecting growth in the market through 2030. The survey uncovers information growth opportunities and trends propelling sales of Automotive Skid Plate in key segments such as (vehicle type), (sales channel), and (material). It also highlights the strategies acquired by the leading market players in the landscape.

According to the latest market analysis by FMI, the global Automotive Skid Plate market will surge at a steady rate over the forecast period 2021 to 2030. The objective of the report is to unmask the growth drivers, restrains, key trends, threats, and growth opportunities shaping the future of the market. The analysis aims at assisting businesses to capitalize on the upcoming opportunities and preparing for unforeseen challenges.

To offer an in-depth overview, the report provides sales projections for over 20 countries. It also identifies segments exhibiting maximum growth potential based on (vehicle type), (sales channel), and (material).

Integration of Wireless Communication Creating Lucrative Growth Prospects for Automotive Skid Plate Market

The introduction of vehicle-to-vehicle communication is aiding in curtailing traffic and preventing accidents on roads. Integration of advanced technologies such as artificial intelligence also will create scope for expansion of the Automotive Skid Plate market. Government initiatives encouraging technological advancements in the automotive sector will create opportunities for growth in the coming years.

As per the study, surging vehicle production will place both India and China as lucrative markets. Besides this the presence of some of the leading automakers will drive sales in the U.S., U.K., and Germany.

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Key Automotive Skid Plate Survey Highlights and Projections

• Drive by robust automobile demand in the country, China is likely to emerge as one of the most lucrative markets in East Asia, accounting for over high share in the global market.
• Demand in South Korea and Japan will surge at an impressive pace as automotive production recovers pre-pandemic growth status.
• (vehicle type) will continue to dominate in terms of (sales channel) through 2030.
• Based on the (material) is leading the global market.

Report Benefits & Key Questions Answered

• Automotive Skid Plate Historical Volume Analysis: The detailed analysis by FMI underscores fundamental driver, restrain, and opportunities that impacted the growth of the market over the last forecast period. It offers modification in market growth due to aforementioned dynamics and project sales performance of Automotive Skid Plate for the forthcoming forecast period 2021-2030.
• Automotive Skid Plate Sales Outlook: A thorough study administered by FMI analyses key micro and marco-economic indicator and provides insights on their impact on the sales of Automotive Skid Plate during the assessment period.
• Automotive Skid Plate Company & Brand Share Analysis: The company and brand share analysis by FMI reveals the list of leading companies in the Automotive Skid Plate market and segregate these companies in Tier 1, Tier 2, and Tier 3. The study also forecast the percentage of market share captured by these players between 2021 and 2030.
• Automotive Skid Plate Category and segment level analysis: FMI offers detailed analysis of the factors influencing the sales prospect across key segments. Automotive Skid Plate category analysis provides deep insights into customer experiences, emerging trends, and growth drivers. The vital information highlighted in this section will enable market players to make timely business decision to gain competitive advantage.
• Automotive Skid Plate Market Trend Analysis: The analysis on the market trend discovers current and upcoming trends in the automotive industry and studies the impact of these trend on the demand and sales of Automotive Skid Plate during the coming decade.
• Automotive Skid Plate Market Structure Analysis: The study on market structure analysis provides in-depth data about market concentration, level of competition, and tier analysis of the key players in the Automotive Skid Plate market along with their insights on their global footprint based on region, country, segment, and product portfolio.

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Competitive Landscape Analysis

The competitive landscape analysis for Automotive Skid Plate market includes comprehensive profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of leading Automotive Skid Plate manufacturers is also provided to aid the business leaders understand the market scenario.

The report also provides credible insights into the winning strategies adopted by the key Automotive Skid Plate manufacturers, with recommendation on what works well in Automotive Skid Plate landscape. The full report profiles all the key market participants such as

• All-Pro
• Setina Manufacturing Company
• RCI Metalworks
• PELFREYBILT
• BudBuilt
• Dirtbound Offroad

Automotive Skid Plate Demand Analysis by Category

Vehicle type:

• SUVs
• ATVs
• Adventure motorcycles

Sales channel:

• Original equipment supplier
• Workshops
• E-commerce channels

 Material:

• Ultra-High Molecular Weight Plastic
• Aluminum
• Plastic Steel

Region

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

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