Market Research Blog – Page 14933 – New Product Development

Fluoropolymer Market sales to grow at 5.3% % CAGR between 2021 and 2031

Increasing consumption of fluoropolymer in industrial processing & application is anticipated to create opportunities for growth of the market. According to a new study by Future Market Insights (FMI), over the assessment period between 2021 and 2031, the market will rise at a CAGR of 5.4%.

A fluoropolymer is characterized by high resistance to acids, solvents, and bases. Polytetrafluoroethylene (PTFE) is the most well-known fluoropolymer. It is expected to constitute over half of fluoropolymer sold globally. Fluoropolymers are widely used in industrial processing industries for numerous applications such as heat exchanger coatings, pump impellers, tanks, autoclaves, reaction vessels, flue duct expansion joints, autoclaves, and among others.

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Geographically, East Asia is anticipated to dominate the market, accounting for more than one third of market value share. The Fluoropolymer market is estimated to reach a total market value of US$ 12,991.5 Mn by the end of 2031, growing at a rate of 5.3% during the forecast period. Rising demand from end use industries such as industrial processing as well as electrical & electronics are the key factors driving the global Fluoropolymer market during the assessment period.

Due to the COVID -19 crises the automotive and other allied industries has experienced a substantial decline owing to the restriction on trade between the regions, shortage of skilled labor, disruption in supply chain channel and among others. However, the trend is expected to regaining its growing from first half of estimated year and is expected to continue its boost in the near future.

Key Takeaways of Fluoropolymer Market Study

Driven by application across diverse industries, fluoropolymer market is poised to reach US$ 12.99 Bn by 2031
Industrial growth will support expansion in the U.S., which is expected to account for over 87% of sales in North America
Following a year of set-back in 2020, the U.K. market will recover, exhibiting 3.7% y-o-y growth in 2021
Steady growth in Germany and France is expected as fluoropolymer sales continue to rise across various industries
China will emerge as a lucrative market within East Asia, accounting for over half of sales registered

“Some of the key players have developed and introduced risk management and business continuity plans during the pandemic situation by broadening their supply chains network geographically. These companies have multi-sourced goods to minimize their dependence on a single supplier, and they have considered an inventory strategy to mitigate supply chain disruptions,” says an FMI analyst

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Who is Winning?

The global fluoropolymer market is consolidated. A few of the leading players account for a maximum share of the overall fluoropolymer market. In order to survive in the market, manufacturers are focusing on long-term contracts with end users for maximizing profits and ensuring continuous revenue flow. Key market participants including Mitsubishi Chemical Advanced Materials, AGC Chemicals Americas, Inc., The Chemour Company, Honeywell International Inc., Huntsman Corporation, Daikin Industries Limited, Dongyue Group Ltd., Kureha Corporation, Poly Fluoro Ltd., Amco Polymers, Solvay SA, Saint-Gobain Performance Plastics and others are focusing on increasing their share in global market by entering into strategic acquisitions of medium players and collaboration with other market participants.

What Does the Future Hold?

Prominent players in the fluoropolymer market across the globe are planning to expand their distribution and sales footprint in Asia Pacific region on the back of easy availability of cost effective raw materials, availability of workforce at economic rate, considerable relaxation in regulations for chemical industries and subsidies in other utilities, expected to positively affect the global Fluoropolymer market in the foreseeable future.

Valuable Insights into Fluoropolymer Market

Future Market Insights has published a market research report on the Fluoropolymer market that contains global and Indian industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Fluoropolymer market through three different segments- product type, end use and region. The Fluoropolymer market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

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About Chemicals & Materials division of FMI

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

About Future Market Insights (FMI)

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

MRI Transport Market Will Escalate Rapidly in the Near Future

MRI Transport Market Overview

MRI transports are one of the few apparatus which are made with great care and by applying specific skills. These transports are made for specific patients who are subjected to an MRI (Magnetic Resonance Imaging). The MRI patient transport tools are made of nonmagnetic materials as MRIs consume radio and magnetic waves. Most of the MRI transport materials are made with special care by keeping in mind the convenience of the patients. The MRI Transport market is spread across the global healthcare fabric. The MRI transport market is growing with the constant surge of the healthcare markets spread across the globe. Technology is playing a key role in the invention and development of the entire healthcare system. The fast-paced growth of the healthcare based apparatus industry is also exhilarating the development of the MRI transport market.

The MRI scans are an extremely useful method of detecting an acute disease which is nesting inside a patient’s body. The MRI scan is extremely useful for finding abnormalities in the brain or in spinal cords. A report says that a massive population of the world is badly affected by the brain and other neurological diseases. The numbers are extremely high in countries like USA and UK. The report also says that in the US in an average 66 percent men and approximately 92 percent women die every year because of some kind of neurological ailment. Neurologically ill population in the UK is also extremely high and its building. More than 48 percent women of UK and 32 percent men of UK are victims of some sort of neurological disorders. The MRI transport market is directly dependent on the growth of the neurological disorders which is spreading steadily in the western hemisphere of the globe like a wildfire.

The numbers of the Alzheimer patients are multiplying which is again creating an alley of opportunity for the MRI transport market. More and more youths and middle-aged denizens are becoming the prey of brain tumour. The population affected with meningioma, malignant brain tumours are rising heavily in United States, Sweden, France, Australia, Israel and New Zealand, which is further promoting the growth of the MRI transport market globally.

MRI Transport market: Drivers

There are several key factors which are cementing the growth of the MRI Transport markets spread across several healthcare corridors of the world. The global healthcare is developing steadily. Research and development in healthcare have changed the entire attire of the healthcare ecosystem. Several new inventions and massive investments, startups are reshaping the entire healthcare climate of the world. Which is also promoting the development of the niche healthcare apparatus makers like the MRI Transport makers.

Market need drives the growth of an industry. Like any other market, the MRI Transport market is also dependent on the demand which comes out from different domestic and international markets. The rise in the neurological diseases around the world is acting as a major catalyst in snowballing the size of the MRI Transport market.

The MRI transport market is also driven by the compound growth of the pathology market. The market is presently growing at a CAGR of 12 percent and it is expected to touch a few billion dollars by the end of 2021. This will definitely fuel the future growth of the MRI transport market.

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MRI Transport market: Key Regions

The leading MRI Transport makers are located in the first world countries of the world such as US, UK, New Zealand and Australia. Though the Chinese and Indian MRI Transport market is developing fast but the market level is nowhere near to the size and quality of the markets spread in Europe and US.

MRI Transport market: Key Players

Some of the major players in the US such as Magnetica, Alstom in Australia are leading the pack. Though they are revamping their marketing strategies to tap the potential hidden in the emerging healthcare markets of India and China which are presently crowded with local MRI Transport makers.

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

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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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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MARKET ACCESS DMCC Initiative
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Home Scales Market:Technological Growth Map over Time

Home Scales Market Overview

While life expectancy has increased tremendously in the past 50 years, industrialization and the dominance of the services sector in the developed world has given rise to new health problems like stress, obesity and high blood pressure. Obesity in particular is one of the biggest scourges of a modern lifestyle without any time (or inclination) to exercise and it can wreak havoc on the person’s health. Obesity is a condition where a person is too heavy for their respective height and is calculated with the help of the body mass index (BMI). A BMI between 20 and 25 is considered normal, 25 or more is overweight, while 30 and above is called obese. An obese person is far more likely to develop Type 2 Diabetes, have an unhealthy child, some kind of heart disease or even a stroke. An awareness of the dangers of obesity along with a focus on health has fuelled the demand for the home scales market. People want to be able to measure their weight from the comfort of their homes and it is also used to motivate them to exercise more and drop those last few pounds. Continuous innovations with greater functionality or added features, increasing popularity of self-monitoring and a demand for high-tech electronics is expected to account for the continued demand of the home scales market.

Home Scales market Drivers

An aging population in the west, a sedentary, fast-paced lifestyle leaving no time to exercise, along with a greater awareness of the long term problems caused by obesity can be expected to drive the home scale market going forward. Added functionality and more features in home scales is also expected to help in no small measure. An increased acceptance of digital body fat analysers in emerging markets will also provide a boost to the home scale market. They are worthy of mention since they measure body fat and help the person distinguish between fat and weight loss. It is not just obese customers but even health-conscious people who will drive the demand for the home scales market in the medium to long term. A greater preference for privacy and the convenience of using these devices in the bedroom or bathroom will also contribute to the future prospects of the home scales market.

Home Scales market Key Regions

Europe is the largest home scales market, followed by North America in 2016. This is due to the presence of a post-industrial society where the services sector dominates leading to a sedentary lifestyle and also the prevalence of ready to eat, processed and unhealthy food. Germany, the USA and the UK are some of the largest individual home scales markets. Asia Pacific accounts for the largest growth due to rapid urbanization, increased cases of obesity and also an increased awareness of advances in technology related to health and fitness. The key Asia Pacific markets include China, India, Japan and Korea.

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Home Scales market Key Market Players

The key players in the home scales market are AWM Limited, Camry Electronic Ltd, Salter Housewares, Bonso Electronics, Johnson Measures and Weights Ltd, Omron Healthcare Co. Ltd., Leifheit AG, Guangdong Xiangshan Weighing Apparatus, and Tanita Corporation.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

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

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Material Handling Equipment Market 2022 Development Status, Competition Analysis, Type and Application 2030

Material handling equipment are commonly used in warehouses or manufacturing plants for various operations such as quick movement of goods or products, locating stock, preparing orders and localizing stock. This has intensified the need for optimum utilization of equipment, demand for flexibility in warehouse operations, customer satisfaction and supply chain transparency.

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In the coming years, vision guided robotics, to reduce excessive downtime at warehouses, growing automation and technology advancements in material handling equipment are driving the market for the global material handling equipment market. However, the global material handling equipment market growth may be inhibited due to growing material handling equipment prices, rising steel prices and lack of skilled labor.

Automated Material Handling Equipment witness High Demand in Modern Industrial Applications

A majority of manufacturers in various industrial areas are highlighting the importance of their personnel and employees, which is triggering the use of automated material handling equipment. Especially in manufacturing operations in hazardous environments, manufacturers are preferring minimal manual processes and more automation. This is expected to trigger the inclination towards automated material handling equipment, as a mounting number of end-use industries are exhibiting willingness to take advantage of automated material handling equipment.

While the rising trends of factory automation are contributing to the upsurge in demand for automated material handling equipment, their high installation costs continue to remain a hindrance. Though this high-tech material handling equipment are replacing their traditional counterparts, small businesses in end-use industries are struggling to deal with the high maintenance and initial costs of adopting material handling equipment. Manufacturers in the global material handling equipment market will have to implement a strategy to keep manufacturing costs under control and offer equipment for small end users in the coming years.

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Taking Environmental Health and Safety to a New Level with Customization

The industrial growth has incurred negative impacts on the environment and ecosystem with the increasing air and water pollution and toxic emission of greenhouse gases. Growing awareness about the environmental health and the impact of material handling equipment on it has triggered stakeholders in the material handling equipment market to implement new manufacturing technologies to mitigate the greenhouse gas emissions of their products,

A mounting number of new players in the global material handling equipment market are combining manual processes with the most advanced technologies to maintain a healthy balance of environmental health and safety. Furthermore, through customization of technologies and other integral features of material handling equipment, market players are also trying to meet the industrial regulations and emission standards and help end users reduce their carbon footprint. This is also expected to trigger a significant rise in the adoption of batteries and battery-based material handling equipment in various industrial areas in the coming years, which will further have a strong impact on market players’ strategies in the foreseeable future.

Manufacturers Offer Logistics and Material Handling Services for Vital Supplies Amids COVID-19 Pandemic

Though the pandemic has disrupted many industrial operations and overall economic growth of the business space, a majority of players in the material handling equipment market are improving the agility to offer services amidst this health crisis. While traditional end users are facing a glitch in operations, leading manufacturers and suppliers of material handling equipment are offering their services for the logistics and transportation of vital services and essential products.

Market players are also modifying their marketing and publicity campaigns to promote their take on customers’ safety as an integral part of the supply chain of essential supplies. Manufacturers and service providers are also updating their safety standards and methods of cleaning their material handling equipment while conforming to local as well as global regulations. These strategies are expected to be adopted by a mounting number of market players in order to maintain a healthy revenue cycle during as well as post the pandemic.

Material Handling Equipment Market: Region-wise Analysis

The global material handling equipment market is broadly segmented into seven geographical regions – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. Currently, the market is witnessing impressive growth in the Asia Pacific region, as it is estimated to account for over one-third revenue share of the global material handling equipment market value.

The region is witnessing an upsurge in the adoption of automated technologies, and consequently, the demand for material handling equipment is majorly attributed to the increasing need for automation in operations to boost performance and efficiency of various business processes. Furthermore, the region is also expected to trigger demand for material handling equipment majorly across its food & beverage industry, creating more lucrative opportunities for market players catering to this segment of the end-use industries in the market.

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Material Handling Equipment Market: Competitive Landscape

Global material handling equipment market has key players mainly from North America, Western Europe, Japan and China. Some of the key players in this industry are

Liebherr Group
KION Group AG
Jungheinrich AG
Viastore Systems GmbH
WITRON Logistik + Informatik GmbH
Eisenmann AG
Beumer Maschinenfabrik GmbH
Jervis B. Webb Company
Columbus McKinnon Corporation
Crown Equipment Corporation
Hyster-Yale Materials Handling,
Hytrol Conveyor Co., Inc.
Manitowoc Company, Inc.
Xuzhou Heavy Machinery Co., Ltd.
Toyota Industries Corporation.

In June 2020, Alta Equipment Group Inc. – a US-based industrial and construction equipment company – announced that it has entered a definitive agreement to acquire a US-based player in the material handling equipment market – PeakLogix. The company also stated that the strategy behind this acquisition revolves around its agenda of expanding geographical footprint and growing its material handling business while improving profitability.

Another US-based Material handling equipment manufacturer – FMH Conveyors announced in June 2020 the acquisition of it has acquired Aftersort Truck Loaders – an Arkansas-based conveyor vendor. The company also announced that the acquisition is a part of its strategy to expand its offerings of truck loading products segment.

In the same month, ASGCO – a complete conveyor solutions company – announced that it will be moving its headquarters in Nazareth, Pennsylvania, to a newly purchased and the construction of the new facility is expected to complete in 2021. The company also declared that it has purchased the land of around 19 acres (7.7 ha), that it is a strategic move to meet growing demand for its bulk material handling equipment and other services across the region.

Region-wise Analysis

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)

Report Highlights

Material Handling Equipment Market: Segment Analysis

The material handling equipment market can be segmented on the basis of the following:

Product Type

Conveying Equipment
Industrial Trucks & Lifts
Hoist
Cranes & Monorails
Automated Material Handling Equipment

End-use Industry

Aerospace
Agriculture
Air Cargo
Automotive
Building and Construction
Electrical & Electronic Equipment
Industrial Machinery
Shipping Industry
Warehousing
Postal/Express Delivery
Other industries

Dehumidifiers Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Future Market Insights upcoming report on global Dehumidifiers market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Dehumidifiers market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2021 and beyond.

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Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Dehumidifiers market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

According to the FMI’s report, the Dehumidifiers market is projected to record a CAGR of xx% over the forecast period. To receive the detailed insights about the Dehumidifiers market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

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Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Dehumidifiers market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Dehumidifiers market.

Key Questions Answered in the Report

What are the key trends and challenges that will affect global Dehumidifiers market in upcoming years?
What are the factors that will influence the Dehumidifiers market demand?
Which region will be the most lucrative for Dehumidifiers market throughout the forecast period?
How will evolving regulatory policies impact the market growth?
What is the impact of Covid-19 on the Dehumidifiers market?

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Dehumidifiers Market: Segmentation

By Region

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

Detailed analysis on the geographical region and country wise insights are offered in the latest Dehumidifiers market report with established market players as well as incumbents in the region.

By Segment :

By Type	Heat Pumps Ventilating Dehumidifiers (Refrigerant Dehumidifiers) Chemical Absorbent Dehumidifiers (Desiccant Dehumidifiers)
By Application	Residential Commercial
By Technology	Sorption Warm Condensation

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

Electrolux (Frigidaire) and General Filters, Inc.
Whirlpool Corporation
LG Electronics Inc.
Haier Group
Honeywell International, Inc.
Sunpentown International, Inc
Therma-Stor LLC
De’Longhi Appliances S.r.I.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Dehumidifiers market

Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Dehumidifiers market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario.

Global UV Tapes Market Global Industry Analysis and Opportunity Assessment 2015 – 2022

Future Market Insights (FMI), in its recent report titled, “UV Tapes Market : Global Industry Analysis and Opportunity Assessment 2015 – 2022”, projects that the global UV Tapes market will exhibit a CAGR of 9.3 % during 2015 to 2020.

UV tapes are a type of pressure-sensitive tapes with high adhesion strength, which reduces drastically on exposure to UV light, thereby allowing clean and easy removal of semiconductor chips after it has fulfilled its purpose. During fabrication, storage, and shipping of semiconductor wafers, these tapes temporarily protect wafers against scratching and surface damage. These are produced from PVC, PET, or PO backing material with acrylic adhesive to hold pieces of semiconductor (dies) in place. These tapes are generally thinner as compared to other tapes, which vary from between 70 to 150 micrometers.

The report analyses the global UV tapes market in terms of market value (US$ Mn) by applications, region and product type and provides information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast.

As of 2014, UV tapes accounted for less than 1% of the global PSA tapes market in terms of volume and value. Increase in demand for consumer electronics coupled with miniaturization of electronic devices is driving the demand for semiconductors that leads to growing demand for UV tapes. Various governments in Asia Pacific are focusing on sustainable development and have formulated the regulations for same. These regulations and initiatives are identified as underlying driving factors of the market. On the flipside, high cost of UV tapes than non-UV tapes is a minor restraint in the UV tapes market.

From regional perspective, Asia Pacific and North America represented prominent markets for global UV tapes market in 2014. In terms of market value, Asia Pacific is projected to account for 5.4X higher revenue than North America by the end of forecast period 2020. Presence of large scale semiconductor foundries in Asia Pacific is the prime reason behind the surge in demand for UV tapes in this region. Asia Pacific is expected to be the largest market for UV tapes in terms of value, followed by North America and Europe.

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From product type perspective, polyolefin-based UV tapes are expected to register highest CAGR followed by polyvinyl chloride (PVC) and polyethylene terephthalate (PET). While polyolefin-based UV tapes are projected to be the largest market segment by the end of forecast period, PVC is anticipated to witness 1.5X growth in its revenue by the end of forecast period.

From application type perspective, UV tapes market has been segmented into wafer dicing, back-grinding and others. Wafer dicing and back-grinding are two subsequent procedures applied in semiconductor processing. It is due to this that UV tapes in both application account for nearly same market share, however both are projected to lose market share to other applications that include aerospace and telecommunication. Wafer dicing and back-grinding are expected to exhibit a CAGR of 9.2% during the forecast period.

Key market participants covered in the report include UV tape manufacturers and raw material suppliers. Furukawa Electric Co., Ltd. Nitto Denko Corporation, Mitsui Chemicals, Lintec Chemicals, and Sumitomo Bakelite Co. Ltd. are key manufacturers, while BASF SE, Henkel AG & Company and Dow Chemical Co are some of the key raw material suppliers covered under this research report.

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Global Fatty Amines Market Throughout The Forecast Period, Exhibiting a CAGR of 3.6% Between 2015 and 2020

Future Market Insights (FMI) announces the release of its latest report titled, “Fatty Amines Market: Global Industry Analysis and Opportunity Assessment 2015-2022”. According to the report, the global fatty amines market was valued at US$ 1,721 Mn in 2014 and is anticipated to reach US$ 2,193 Mn by 2020, registering a compound annual growth rate (CAGR) of 4.2% through the forecast period.

Fatty Amines Market Driven by Booming Water Treatment Chemicals Industry & Demand for Agro-chemicals

Global fatty amines market is driven by growing water treatment chemicals industry and increasing demand for agro-chemicals and asphalt additives, mainly in the developing countries. Water treatment chemicals contribute the highest in terms of demand and share to the global fatty amines market, as compared to the other application segments. Increasing usage of fatty amines in various end-user applications coupled with market expansion and development of novel applications, such as detergents, mining, paints & coatings and fabric softener are further driving the fatty amines market growth. However, fluctuations in availability and volatile raw material prices pose a challenge for the global fatty amines market.

Market Segments

The global fatty amines market is segmented on the basis of product type, application and geography.

By product type, global fatty amines market is segmented into primary fatty amines, secondary fatty amines and tertiary fatty amines. Among these segments, tertiary fatty amines accounted for approximately 48.1% of global value market share in 2014. Furthermore, it is expected to dominate the global fatty amines market throughout the forecast period, exhibiting a CAGR of 3.6% between 2015 and 2020.

The primary fatty amines market accounted for over 25% of the market value share in 2014 and is expected to increase at a comparatively high CAGR of 4.9%, during the forecast period, owing to its increasing consumption in water treatment chemicals and paints & coatings industry as additives to protect the paints from getting tainted while in storage.

The secondary fatty amines segment accounted for approximately 23% of the global value market share in 2014, and is expected to gain its market share and account for 23.3% of the global fatty amines market by 2020.

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On the bases of application, the global fatty amines market is segmented into water treatment chemicals, agro-chemicals, oilfield chemicals, asphalt additives, anti-caking and others (used in personal care, mining, fabric softener, paints & coatings). Among the aforementioned segments, water treatment chemicals is expected to dominate the global fatty amines market with over 29% market revenue share throughout the forecast period. Growing paints & coatings industry, coupled with increasing automobile production in China, Malaysia, Indonesia and Mexico is expected to further propel the demand for fatty amines in the asphalt additives application segment. The scope of applications for fatty amines in others segment is expected to expand in the future too, due to market expansion and innovation in techniques.

On the bases of region, Asia Pacific Excluding Japan (APEJ) dominated the global fatty amines market in 2014, in terms of revenue, accounting for more than 25% of the revenue share. However, North America and Eastern Europe are foreseen to witness relatively high CAGRs of 6.4% and 5.3%, respectively.

Competitive Landscape

Key players considered in the global fatty amines market include Kao Corporation, Evonik Industries AG, AkzoNobel N.V., DuPont, Clariant AG, CECA Arkema Group, Sigma-Aldrich Corporation, Volant-Chem Group, Procter & Gamble Chemicals Company and Lonza

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Functional Films Market Is Poised To Reach US$ 47.17 Mn By 2031

As per a study by Future Market Insights (FMI), increasing applications across diverse sectors, especially the printing and packaging industry will drive the functional films market between 2021 and 2031. Functional films are being steadily commercialized across various industries as they incorporate technologies to improve the functional performance of products on which functional films acts as substrate or a barrier.

The market is gaining momentum, thanks to the expansion of the packaging and plastic industries. Their usage across automotive also is increasing. Functional films can be spotted in automotive displays, car interiors, transmission systems, and lighting. In the packaging sector, BOPP films are the “go-to” options for lamination and flexible packaging purposes.

As per FMI, the functional films market is poised to reach US$ 47.17 Mn by 2031. The demand for both optical and coating films is considerably high. Of these, coatings films are expected to emerge dominant, exhibiting 8.7% CAGR over the forecast period.

Key Takeaways of Functional Films Market Study

Application across various industries will continue driving functional films market at .2% CAGR through 2031
The U.S. remains the leading functional films market in North America, accounting for over 68% sales in 2021
After an insignificant year in 2020, the U.K. market will bounce back, registering a little below 6% y-o-y growth in 2021
Germany and France will remain key markets. Of these, Germany will remain dominant through the forecast period
Exceptional growth is likely in Japan, as it continues registering expansion of various end-use industries

“Functional films market, like any other sector, is heavily reliant on prevailing trends. Currently, there is high focus on sustainability especially as some of the leading players invest in environment-positive technologies,” said a lead analyst at FMI.

East Asia is expected to dominate the functional films global market. The intense activities in the region have stimulated market participants to engage in product innovations and steadily commercialize their products. In East Asia, the large demand owned by various end-use industries including consumer electronics and automotive, is likely favorable to mold the Functional Films market. The market growth is also dependent on various other factors such as raw material availability and large consumption base.

Who is Winning?

Some of the leading companies operating in the functional films market include 3M, Dai Nippon Printing Co. Ltd, Toray industries Inc, SABIC, Covestro AG and Saint Gobain Films.

The functional films market is a highly competitive market dominated global petrochemical and chemical manufacturers and key players who are actively involved in the printing and packaging sector. Some players are adopting backward integration, directly purchasing petrochemicals and manufacturing films from scratch. The market is also driven by regional players and new entrants who are aggressively involved to build their brand name.

The Tier-1 players hold approximately half the global value share. Drive for product positioning and collaboration are some of the common behavioral trends in the global market.

There is increasing focus on sustainability, especially some of the leading players. For instance, Coveris has built two new extrusion lines at Cheshire-based facility in Winsford, in the U.K. This capacity expansion is intended at supporting the company’s goal to achieve pack positive sustainability.

About the Report:

The research report analyzes the total sales of Functional Films on the basis of value (US$ Mn). The market is projected on the basis of factors such as growth of polymer industry, developments in films, end-use industry demand, global GDP growth, industry value added, and government regulations. The scope of the research report includes only new sales of Functional Films.

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APAC Solar Micro Inverters Market: Notable Developments & Geographical Outlook

The first commercially successful micro inverter was launched by Enphase in 2008, which played a key role in popularising solar micro inverters globally. Currently, the global market comprises numerous domestic as well as international players supplying quality micro inverters.

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Modularity, safety, and maximum energy harvest will continue to drive the market at a considerable pace through 2020. Till recent years, the demand for micro inverters was highly restricted to North America. However, the market is gradually shifting toward commercial applications, and witnessing expansion in most of the developed as well as developing regions outside the U.S.

Adoption of solar micro inverters has gained momentum in the recent past, resulting in a growing market in developing nations, including Asia Pacific. Improved device features and enhanced efficiency are currently pushing the market in APAC, which is projected to continue in the near future as well, creating a lucrative market for micro inverters on a global level.

APAC Solar Micro Inverters Market: Key Drivers

Declining Prices to Push Demand

The market is currently growing at a considerable pace. Persistent advances in R&D of solar micro inverters and substantial reduction in costs of micro inverters are estimated to boost the market during the forecast period.

Size and Modularity to Impact Maximum Applications

Compact size and high modularity of solar micro inverters make them ideal for residential applications. These two are the key drivers why micro inverters are currently gaining an impetus at a global level.

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Superiority over Conventional Inverters is a Key Driver

Solar micro inverters are superior over conventional centralised or string inverters in various ways.

Unlike string inverters, micro inverters are tolerant to shade and do not let the power generation performance of individual solar panels drop, even if the area surrounding them is shady. This character is identified as one of the key factors positively influencing the demand for micro inverters when it comes to their efficiency.
Contrary to centralised inverters, solar micro inverters are compact in size and do not need separate air cooling, resulting in lesser heat loss. This is another factor fuelling the demand for micro inverters in the market.
Moreover, a broken string or centralised inverter faces halted performance merely due to a defect in one panel, whereas a defective panel in a micro inverter does not degrade the performance of the entire system because the system architecture allows individual panel monitoring. The maximum power is generated through MPPT. This has been an important driver in popularising micro inverters over the years.

Higher Costs Can Create Challenges

However, relatively higher initial costs associated with installation and replacement of micro inverts may continue to create a major roadblock for solar micro inverters from becoming a widely commonplace device across Asia Pacific. Furthermore, installation of micro inverters requires the installation of another extra monitoring device – a communication bus, in addition to the basic common monitoring system. This in turn adds up to the final costs.

APAC Solar Micro Inverters Market Segmentation

FMI’s research offers a six-year forecast, segmenting the APAC market for solar micro inverters based on the type, consumer, and application.

Based on the type, the market is segmented into standalone solar micro inverter market and grid tied solar micro inverter market. On the basis of consumers, the solar micro inverter market in Asia Pacific is segmented as urban and rural. The urban segment dominates the market owing to rising awareness about alternate energy usage and growing population density in urban areas.

According to the application, the solar micro inverters market in APAC is segmented as residential and commercial. As micro inverters are economically lesser affordable compared to other traditional inverters, their residential applications find a lower market share in economically sensitive regions in Asia Pacific. However, the commercial solar micro inverter market application currently dominates the market.

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Market to Explore Untapped Growth Opportunities in APAC

Although the U.S. is a leading market for solar micro inverters, adoption of solar micro inverters is expected to gain traction in Asia Pacific, especially in India, Japan, and Australia. Soaring fuel prices, burgeoning demand for power supply, and favourable government policies are currently driving the market in APAC.

Regional Analysis: APAC Solar Micro Inverters Market

India, owing to the availability of ample renewable energy sources, captures a prominent position in the APAC market for micro inverters. Growing awareness about benefits of micro inverters and widespread adoption of renewable energy sources for agriculture are expected to fuel the demand for solar micro inverters across India. The Union Budget of India for 2014-15 has clearly indicated emphasis on using solar for electricity generation. This is a key factor, anticipated to provide momentum to the market for micro inverters in and post-2016.

Japan, despite representing a key residential market potential, has been facing limited micro inverter shipments. Stringent certification norms are anticipated to govern the Japanese market but domestic suppliers are expected to encounter growing opportunities.

Australia is a relatively emerging market for photovoltaics, which makes it an unestablished market for string and centralised inverters. The Australian market, since the past few years, has been reflecting growing demand for micro inverters and FMI’s research indicates string growth prospects for micro inverter suppliers. Recently, Enphase announced to commercially launch their AC battery first in Australia, later this year. ARENA Australia, through ample of renewable energy funds, will continue to provide an additional thrust to the market.

In addition, there are other expanding market, including Malaysia, Indonesia, and Philippines. Malaysia hosts several off-grid projects, whereas Indonesia is up for a thousand islands project. Philippines is also continually initiating multiple rural electrification projects. Utility companies located in all the three countries are currently prioritising rural electrification.

Key Players in APAC Solar Micro Inverters Market

Key participants in the Asia Pacific market for solar micro inverters, include Enphase Energy, Solar Bridge Technologies, SolarEdge, Green Ray Solar, and Enecsys.

The research report presents a comprehensive assessment of the solar micro inverter 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 categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

China
India
Japan
ASEAN
Rest of Asia Pacific

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, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

BRICS Aerial Work Platforms Market: Notable Developments & Geographical Outlook

Surging demand across telecommunication sector in Taiwan, Indonesia, Brazil, India and China is likely to drive BRICS aerial work platforms market during the forecast period. Boom lifts are expected to gain significant traction in BRICS aerial work platforms market on account of increasing use in the intricate architectural settings with limited access. Additionally, boom lifts offer various benefits that includes compact design, standard oscillating axle, tight turning radius, mobility and more platform height.

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However, scissor lifts is anticipated to witness surging demand in BRICS aerial work platforms market in future owing to rising demand in installation and maintenance applications and mainly its operational benefits. Smartphone proliferation coupled with need for advanced telecom infrastructure is expected to positively impact the growth of BRICS aerial work platforms market.

Haulotte Company in BRICS aerial work platforms market was recently helped IGA (Istanbul Grand Airport) in onsite building world’s largest airport mega-project in Turkey. For the same, the leading company is planning to utilize over 300 Haulotte aerial work platforms, which further drives the growth of BRICS aerial work platforms market. Key players in BRICS aerial work platforms market are further planning to focus on developing boom-supported and low-weight elevating aerial work platforms for catering to the end-user demands effectively. These manufacturers in BRICS aerial work platforms market are also planning to work on automating the manufacturing processes in a bid to enhance product reliability and quality.

Mobile work platforms that can be used by workers and technicians etc to physically or manually reach inaccessible areas are known as aerial work platforms (AWPs). These platforms are supported by lifting mechanisms; usually cranes or vehicle-mounted equipment. AWPs are widely used in construction and mining industries, owing to the nature of work, complexity in structural design and elevation. AWPs are also utilized for maintenance and repair activities of high tension power lines, disaster management operations and in defence sectors. Incorporation of safety features, ease of handling, and manoeuvrability are some of the features driving the growth in the AWPmarket.

Large-scale construction projects, increasing installation and maintenance activities of street lights, power cables and transformers, up-gradation of fire-fighting stations and relatedinfrastructure, and increasing organization of festivals, concerts and corporate events are driving the need for AWPs across geographies. These platforms can be controlled using various methods such as vertical, lateral, rotational, and ground movement. Movement of these platforms is initiated with the help of compressors or hydraulics. The AWP industry can be divided into rental and privately owned segments. Rental companies account for the largest share of the global AWP market and it predominates theprivately owned sector. The main reasonrental sector dominates the privately owned sectoris due to the safety factor, as rental firms not only provide trained personnel to handle the machinery. AWPs are broadly categorized as boom lifts, scissor lifts and mechanical lifts. Boom lifts are further classified into straight and articulated boom lifts.

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Some of the underlying drivers of the market are economic growth in developing countries, growing investments in real estate and infrastructure, developing telecommunication networks, increase in urbanization, worker safety concerns and adoption of best practices for efficient and sophisticated construction methods. However, lack of machine-specific training to engineers and technologicalunawareness and safety considerations related to lift equipment are the key issues affecting growth of the AWP market.

The market for AWPs is anticipated to exhibit firm double-digit growth in BRICS countries, particularly in Brazil and China. Strong residential and commercial construction projects and increase in public infrastructure spending is anticipated to support phenomenal growth by 2020. With the increasing investments in the construction industry, India and China collectively are anticipated to hold a commanding share in the AWP market. Various government construction projects for the summer Olympics and 2014 FIFA World Cup have proved to be major drivers of growth in 2014. Furthermore, increase in capital investment and growth in the mining industry indicates strong growth prospects forthe AWP market in Brazil.

Players in the AWP market adopt various strategies to gain market share, enhance sales, promoteproducts in non-rental segments such as military and governmentand expand in the utility business and service industry. Also, finding niche areas in the market that demand specific size and application ofAWPsoffers a window of opportunity to increase market share.

Some players in the market include Caterpillar, MEC Aerial Work Platforms, Terex, JLG Lift and Access Equipment, Snorkel Lifts, Tadano, Haulotte and others.

Safety measures for AWPs is a major issue for which construction developers need to follow standards and norms as specified by concern specified by the Occupational Safety and Health Administration (OSHA). AWPs are crucial equipment for construction and building maintenance. Increased scale with regard to construction projects and decline in availability of labour force is anticipated to favour growth in the construction equipment industry and hence, the AWPmarketin the near future.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data.It also contains projections usinga suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

Brazil
Russia
India
China
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 within the segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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https://www.futuremarketinsights.com/ask-question/rep-gb-51

Brics Aerial Work Platforms Market

Report Highlights:

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