Automotive Alloys Market Key Manufacturers, Development Trends and Competitive Analysis 2027

Automotive Alloys Market Overview

The global automotive alloys market is estimated to grow phenomenally owing to rapid urbanization, increasing vehicle production and fuel efficiency regulations. The global automotive alloy market has immense growth potential in terms of electric vehicle production and integration of advanced safety and comfort technologies in vehicles.

The global automotive industry is gradually transitioning towards light weighted vehicles. Due to a growing demand for safety and comfort technologies, automotive vehicles are becoming heavier. Light weighted vehicles are more fuel efficient and contribute to reducing emissions. Research and development on fuel economy of automotive vehicles shows a direct correlation between fuel efficiency and vehicle weight. This has influenced the trend to reduce weight in automobiles and to opt for light weighted alloys in automotive body panels. Thus, OEMs are now getting inclined to use lighter materials in vehicles. Growing demand for fuel efficient vehicles, and government regulations on reduction in vehicle weight are estimated to drive the growth of light weighted automotive alloys in automobiles. Automotive alloys are classified as steel alloys, magnesium alloys, aluminium alloys and others (composites).

In the global automotive alloys market, steel alloys account for the largest market share owing to a growing demand for steel alloys in India and China for manufacturing vehicles. Original Equipment Manufacturers (OEMs) in the automotive industry use magnesium alloy as a light metal alloy. Magnesium alloy offers thermal stability, strength, rigidity, ductility and specific strength; it also weighs lighter. Magnesium alloy is primarily used in the automotive body & chassis structure of a vehicle (oil pumps, housings, the crank shaft, the cylinder crankcase, mounts, brackets and the radiator support), and other interior parts. The market for magnesium alloys is estimated to grow at a stable rate over the forecast period. The aluminium alloy segment is estimated to grow fastest owing to a high demand for light weighted vehicles with aluminium alloys.

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Global Automotive Alloys: Market Dynamics

Drivers:

It is projected that the global automotive alloys market will be driven by the high demand of light weighted vehicles and the increasing pace of vehicle production. Also, the global automotive alloys market is estimated to be fuelled by rapid urbanization and regulations on fuel efficiency and greenhouse emissions.

Restraints:

In the global automotive alloys market, the relatively high cost of magnesium and aluminium alloys may hamper growth over the forecast period.

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Global Automotive Alloys: Market Participants

Some of the market participants identified in the global automotive alloys market are:

  • Constellium
  • AMG Advanced Metallurgical Group N.V.
  • KOBE STEEL, LTD
  • Novelis, Inc.
  • UACJ Corporation
  • ArcelorMittal S.A.
  • Nippon Steel & Sumitomo Metal Corporation
  • Norsk Hydro ASA
  • thyssenkrupp AG
  • Alcoa Corporation
Global Automotive Alloys Market: Segmentation

Following is the segmentation for the global automotive alloys market:

On the basis of type of alloy, the global automotive alloys market is segmented as

  • Steel
  • Aluminium
  • Magnesium
  • others

On the basis of application, the global automotive alloys market is segmented as

  • Structural
  • Powertrain
  • Exterior
  • Others

On the basis of type of vehicle, the global automotive alloys market segmented as

  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)
  • Passenger Car

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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

Automotive Radar Market Size, Analysis, Top Players, Target Audience and Forecast to 2026

Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards developing and incorporating new and advanced automotive radar systems. According to ‘Association for Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally due to road accidents. Advancing automotive technology and concern to reduce road mishaps, has raised expectations for advance systems in vehicles such as automotive radar to improve vehicle safety. These systems transmits electromagnetic (EM) waves at microwave frequency and gather information with the help of electronic control unit about the obstacles within the vicinity of the vehicle.

As per the survey conducted by ‘Insurance Institute for Highway Safety’, one out of three lives can be saved by using radar system in the vehicle. Implementation of automotive radar systems in passenger and commercial vehicles started in early 90s, however owing to technological limitations, focus on further advancement slowed over the time. But, over the past decade, where active safety technology emerged as major hot spot for research, brought automotive radar system in the limelight again. Smaller devices with high operational frequency are being deployed so as to serve multiple applications. Furthermore favorable macro-economic and supportive regulatory framework is expected to create significant opportunity over the next few years. Regulatory approval of upcoming radar technology such as 79 GHz band radar across emerging markets such as India, Mexico etc. can generate robust growth opportunities in the market.

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Global Automotive Radar Market: Drivers

No doubt, automotive safety regulations which emphasizes, and even mandates use of such advance safety technology across regions is expected to drive the demand. Favorable macro-economic environment such as growing urban population, increasing disposable income, improving employment rates and consumer confidence index across prominent economies such as U.S., Canada, Germany, France, China, South Korea and India is anticipate to propel market growth.

Additionally, increasing demand for advanced features such as cruise control will upsurge demand for automotive radars, thus driving the automotive radar market. Ongoing innovations in the functionality and designs have fuelled investments in the global automotive radar market.

Global Automotive Radar Market: Restraints

One of the major factor restricting the growth of the global automotive radar market particularly in emerging region is the high initial cost of the optical and mechanical parts including micro electro mechanical sensors (MEMS), micro mirrors over pressure or piezoelectric sensors. Moreover, technical issues such as risk of mutual interference are expected to moderately affect adoption of these technology.

Global Automotive Radar Market: Segmentation

The global automotive radar market can be segmented on the basis of type, frequency, technology, application and regions. On the basis of frequency, the market can be segmented into 24 GHz system, 77 GHz system and 79 GHz system.

By type automotive cruise control (long-range radar) and anti-collision (short-range radar) are the commonly known automotive radar systems. On the basis of application, the automotive radar market can be segmented into forward collision warning system, lane departure warning system, parking assistance, adaptive cruise control (ACC) and blind spot detection. On the basis of technology, the global automotive radar market can be segmented into millimeter wave radar, ultrasonic radar, LiDAR (Light Detection and Ranging) and camera.

Global Automotive Radar Market: Region Wise Outlook

On the basis of regions, Europe is expected to be the most promising region due to presence of giant OEMs. Furthermore, the European Commission’s 79 GHz project to use short range radar equipment for European countries, fueled penetration of automotive radar systems in the European market. As far as adoption of these advanced gadgets is concerned, North America is expected to be the next big market. Asia Pacific is projected to grow at a significant rate during the forecast period and unfold new opportunities for the market. Low manufacturing cost together with increasing automotive sales is expected to drive the growth of automotive radar market in Asia Pacific. Middle East & Africa is anticipated to exhibit positive growth potential during the forecast period.

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Global Automotive Radar Market: Key Players
Some of the key players identified in the global automotive radar market are as follows

  • Delphi Automotive LLP
  • Autoliv Inc.
  • Denso Corp.
  • OmniVision Technologies, Inc.
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • Valeo Group
  • ZF TRW
  • SaberTek, Inc.
  • Analog Devices, Inc.

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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Connected Aircraft Market Key Insights, Profiling Companies and Growth Strategies by 2026

In airline industry, customers across the globe are demanding for high speed internet access during their travel. In order to meet rising demand from passengers, the operators around the world are implementing broadband and satellite based connectivity solutions to their airplanes. Currently, concept of connected aircraft has gone far beyond from just a provision of internet access over 30,000 feet to travellers. Connected aircrafts has ability to send and receive the real time data from ground based operating systems, that provides the critical information related to avionic system in real time. In order to facilitate the real time data capturing, Airplanes are used as node in the sky to capture the hundreds of gigabytes of data from take-off to landing that helps to improve safety and efficiency of flight.

Connected Aircraft Market: Drivers and Restraint

In addition to inflight connectivity, airline industry also has the need of real time weather data gathering systems to ensure flight safety from changing weather conditions. Growth in demand for internet connectivity by passengers, need for real time communication system with ground based operations & maintenance team and growth in demand for real time data gathering system in order to improve safety and efficiency of aeroplane are the major drivers for connected aircraft market.

Major operators across the globe are using relatively slow VHF connections and data is being stored in broader ecosystem. Replacement of traditional data connections and data optimisation, are the major challenges for connected aircraft market.

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Connected Aircraft market: Segmentation

Connected aircraft market is categorised on the basis of components and connectivity technologies.

On the basis of components, connected aircraft market can be segmented in to Aircraft communication & reporting system (ACRS), aircraft condition monitoring system (ACMS) and electronic fleet bag. Aircraft communication and reporting system is used to communicate with ground based operations team in real time. ACRS is consists of antennas, wireless access points, modems and on-board server. Aircraft condition monitoring system (ACMS) is used to monitor the health of equipment and devices on plane.

On the basis of connectivity technologies, connected aircraft market is classified into L band, Ka- Band and Ku-Band. Ka-Band applications are specifically operates in the frequency range of 26.5 to 40 GHz electromagnetic spectrum, whereas Ku-Band applications uses the 12 to 18 GHz range of electromagnetic spectrum. Size of the antenna used for Ka-Band services is smaller than that of Ku-Band services.

Segmentation on basis of regions:

Connected Aircraft Market is sub-segmented into 7 key regions- North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.

Connected Aircraft Market: Region wise outlook

Currently, North America is the largest region in overall connected aircraft market. US is the largest market followed by Canada, as there is growth in demand for inflight internet by air passengers across the region.

Middle East and Africa was the fastest growing market in 2015, due to huge investment by key players in business airlines in the region.

China and Germany were the leading connected aircraft markets of Asia pacific and Europe region respectively.

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Connected Aircraft Market: Key Players

Honeywell International, Inc (US), Inmarsat plc (UK), Iridium Communications Inc (US), Intelsat, S.A (Luxemburg), Eutelsat S.A.(France), Gogo Inc (US), Panasonic Corporation (Japan), Kontron AG (Germany), Rockwell Collins, Inc.(US), Zodiac Aerospace (France), Thales Group (France).

Automotive Gas Cylinder Market Competitor Analysis, Winning Strategies and Growth Drivers 2026

Future Market Insights (FMI), in an upcoming market research study, brings to fore both macro- and microeconomic factors that will shape the growth curve of the global Automotive Gas Cylinder Market. The report offers detailed insights on the Automotive Gas Cylinder Market through an extensive analysis of key growth drivers, latest trends, potential challenges, and revenue growth prospects based on historical data.

Crucial information and forecast statistics, in terms of value and volume, covered in the Automotive Gas Cylinder Market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

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COVID-19 Impact Analysis

The recent outbreak of the COVID-19 has adversely affected various markets in the chemicals & materials industry. The Automotive Gas Cylinder Market is no different. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential chemicals and raw materials faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Automotive Gas Cylinder Market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Automotive Gas Cylinder Market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Automotive Gas Cylinder Market: Segmentation

Valuable information covered in the FMI’s Automotive Gas Cylinder Market report has been segregated into key segments and sub-segments.

On the basis of product type, global automotive gas cylinder market can be segmented into

  • type 1
  • type 2
  • type 3
  • type 4
  • type 5

On the basis of vehicle type, global automotive gas cylinder market can be segmented into

  • passenger
  • light commercial
  • heavy commercial

Automotive Gas Cylinder Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Automotive Gas Cylinder Market. Competitive information detailed in the Automotive Gas Cylinder Market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Automotive Gas Cylinder Market report.

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Key players covered in the report include:

3M, CleanNG, CNG Cylinders International, Cobham plc, Faber Industrie S.p.A., Luxfer Gas Cylinders, Quantum Fuel Systems LLC., Beijing China Tank Industry Co. Ltd., Everest Kanto Cylinder Ltd. and MCS Technologies GmbH.

Important Questions Answered in the Automotive Gas Cylinder Market Report

  • Which end user remains the top revenue contributor in different regional markets?
  • At what rate has the global Automotive Gas Cylinder Market been expanding during the forecast period?
  • How will the global Automotive Gas Cylinder Market look like by the end of the forecast period?
  • What innovative strategies are adopted by Automotive Gas Cylinder Market players to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Automotive Gas Cylinder Market?

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Automotive Gas Cylinder Market

Automotive ECU Market Key Players, Industry Overview, Applications and Analysis 2026

Automotive ECU or Electronic Control Unit is a family of computer systems that controls and maintains the entirety of electronic, electrical and mechanical systems of a vehicle. ECU can be classified based on the functions such as Engine Control Module (ECM), Body Control Module (BCM), Electronic Brake Control Module (EBCM), Powertrain Control Module (PCM), Transmission Control Module (PCM), Suspension Control Module (SCM), Door Control Unit (DCM), Battery Management System (BMS), General Electric Module (GEM) and others. Automotive functions ranging from the movement of the windows to the amount of air-fuel mixture required for each engine cylinder has an ECU system embedded with it which is recorded, analyzed and stored in the microcontroller. Technological advancements in automotive technology has led to an increase in implementation of complex ECUs in a vehicle. Some of the automobile models running today on the roads have more than 80 different ECUs present in it.

Automotive ECU Market Dynamics

Increased demand for technologically advanced vehicles like hybrid cars in the developed and developing countries is one of the major factors driving the growth of ECU market. Government regulations to reduce fuel usage and increasing demand for better mileage of the vehicles by the general public is another major factor leading to high growth of ECU market in the automotive industry. The steady growth of alternative vehicle choices such has the hybrid and pure electric cars in the developed nations has contributed significantly to the ECU market due to high complexities of these vehicles over conventional vehicles. Driver safety, security concerns, ease of driving, low maintenance demanded by the customers are also some of the factors driving the growth of ECU market.

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The involvement of smartphones connected to the vehicle providing the driver with real time information about the state of vehicle is a major trend in recent times. These advanced ECU systems with the provision to connect with the smartphones easily can lead to an improvement in the growth of ECU systems.

An ECU system usually comprises of electronic and mechanical components working in tandem with each other. Perfect integration of these components is a major challenge which in turn can hinder the growth of the ECU market.

Automotive ECU Market: Segmentation

Automotive ECU System Market can be segmented by vehicle type, sales channel and applications.

By vehicle type it can be segmented as:

  • Passenger vehicles Internal Combustion Engines Hybrid Vehicles Battery Electric Vehicles (BEV)
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By sales channel, it can be segmented as:

  • Original Equipment Manufacturer
  • Aftermarket

By application, it can be segmented as:

  • Engine Control Module
  • Transmission Control Module
  • Powertrain Control Module
  • Airbag Control Module
  • Body Control Module
  • Electronic Braking Control Module
  • Steering Control Module
  • Climate Control Module

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Automotive ECU Market: Regional Outlook

The Global Automotive ECU system market is segmented into seven geographical regions such as North America, Latin America, Western and Eastern Europe, Asia Pacific Excl. Japan (APEJ), Japan, Middle East and Africa (MEA). Automotive production hubs such as China, India, and South Korea in the APEJ region is anticipated to grow at a significant CAGR due to steady growth of automotive production and sales. North America has witnessed a steady growth rate in the adoption of hybrid and electric vehicles leading to improved sales of automotive ECU market in the region.

Automotive ECU Market: Key Players

Some of the major players identified in the Global Automotive ECU Systems are:

  • Robert Bosch GmbH
  • Continental AG
  • Magneti Marelli S.p.A.
  • Denso Corporation
  • ZF TRW Automotive
  • Delphi Automotive
  • Autoliv Inc.
  • Hitachi Automotive
  • Takata Corporation
  • Mitsubishi Electric Co.
Automotive ECU Market: Segmentation

By vehicle type it can be segmented as:

  • Passenger vehicles
  • Internal Combustion Engines
  • Hybrid Vehicles
  • Battery Electric Vehicles (BEV)
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By sales channel, it can be segmented as:

  • Original Equipment Manufacturer
  • Aftermarket

By application, it can be segmented as:

  • Engine Control Module
  • Transmission Control Module
  • Powertrain Control Module
  • Airbag Control Module
  • Body Control Module
  • Electronic Braking Control Module
  • Steering Control Module
  • Climate Control Module

Report Highlights:

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

About Future Market Insights (FMI)

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

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Biogas Market Growth Spearheaded by U.S., Germany, and China, Driving Sales at 6.80% CAGR through 2031: FMI

As per a Future Market Insights (FMI), the global biogas market is projected to grow at a steady 6.80% CAGR over the forecast period from 2021 to 2031. The overall market size is expected to top US$ 61.2 Bn by 2031, with the U.S., Germany, India, and China emerging as key producers and exporters of biogas.

Shifting focus on renewable sources of energy to reduce fossil fuel dependency is a chief factor driving sales of biogas across various countries. In addition to this, governments in several countries are promoting the adoption of biogas as vehicular fuel, which is expected to augment growth of the market through 2031.

Sales prospects of biogas were dampened due to COVID-19 outbreak. However, with resumption in trade activities, recovery of the biogas market is on cards. FMI has projected demand for biogas to grow year-over-year by 7.10% globally between 2020 and 2021.

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The introduction of circular economy and increasing utilization of anaerobic digestion plants for biogas production are expected to emerge as lucrative trends in the biogas market. A circular economy promotes the reintroduction of wastes in the supply chain, improves waste management, and provides essential lipids for biogas production.

Apart from this, increasing adoption of biogas as vehicular fuel is also expected to fuel growth of the market. Countries such as Germany, Sweden, the U.K., and the U.S. are actively investing in biogas as an alternative to biofuels. This, in turn, is expected to push sales of biogas over the assessment period.

“Growing demand for biogas for household cooking applications, along with government-backed subsidies encouraging the usage of biogas in emerging economies are expected to bode well for the global biogas market through 2031,” says an FMI analyst.

Key Takeaways:

  • Based on source, the municipal segment is expected to expand at a steady pace over the forecast period, due to increasing utilization of municipal solid waste (MSW) for biogas production.
  • In terms of applications, sales of biogas in the electricity segment are projected to continue rising in response to growing demand for renewable sources of energy.
  • The U.S. will emerge as a lucrative biogas market, with sales growing at a 6.10% CAGR in the North America region.
  • Germany will continue exhibiting high demand for biogas due to stringent regulations regarding carbon neutrality. The Europe biogas market is poised to grow at a 5.90% CAGR through 2031.
  • China is expected to remain one of the key producers and exporters of biogas, accounting for a dominant share of the global biogas market.
  • Japan and South Korea will collectively account for 7.40% of the total biogas market share in 2021.

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Competitive Landscape

Air Liquide, Wartsila, EnviTech Biogas AG, Asia Biogas, SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB, Schmack Biogas GmbH, Swedish Biogas International AB, PlanET Biogas Global GmbH, S. P. Renewable Energy Source Pvt. Ltd, Agrinz Technologies GmbH, and Greenlane Biogas are among the leading players operating in the global biogas market.

As per FMI’s analysis, top 5 players comprising Total SA, Air Liquide, Wartsila, Planet Biogas Global GmbH, and EnviTec Biogas AG are projected to hold around 27.10% of the total biogas market share in 2021.

Leading players operating in the biogas market are focusing on production facility expansions through mergers, acquisitions, and collaborations. This is expected to assist manufacturers in gaining a competitive edge in the market. For instance:

  • In October 2021, EnviTech Biogas AG announced a strategic collaboration with BALANCE Erneuerbane Energien GmBH to build a bio-LNG (liquified natural gas) liquefication plant in Germany.
  • In December 2020, Scandinavian Biogas Fuels International AB, a key producer of biogas in the Nordics, announced that it has finalized the acquisition of Ekdalens Biostransport AB. The acquisition is a part of Scandinavian Biogas’s plans to achieve greater integration across the entire value chain, from organic waste to biogas and bio-fertilizers.

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More Insights into the Biogas Market Report

In its latest report, FMI offers an unbiased analysis of the global biogas market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of source (agriculture, municipal, industrial, and others), and applications (electricity, heat, vehicle fuel, and others) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Global Dicamba Market to Witness Significant Growth in North America, Agriculture to Remain the Largest Application Segment

Growing need for broadleaf weed regulation will continue to be the key driver to the demand for dicamba globally. The global dicamba market is foreseen to witness healthy growth, reaching a value worth US$ 313.3 Mn in 2016. North America may outpace the largest dicamba market i.e. Europe, in terms of Y-o-Y growth.

Use of dicamba as an herbicide for controlling broadleaf weed in domestic, commercial, and non-commercial applications, will remain the primary factor fuelling the demand. Farmland maintenance is the most prominent driver to dicamba market growth. In addition to easy usage and widespread availability, rising need for food safety and security, and growing awareness about efficient crop protection, are likely to favour the growth of the dicamba market, especially in developing countries. Surging need for maximum crop yield without losing facing significant loss is also identified to be one of the important market drivers. Steadily increasing exports from China are foreseen to push the market growth further.

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A number of modern agricultural practices involve replacement or combination of glyphosate with dicamba, which may create lucrative opportunities. Moreover, wide acceptance of integrated pest management is also expected to spur the consumption of dicamba. The U.S. EPA’s recent approval for the usage of a non-volatile dicamba-based herbicide by Monsanto is now considered to be a major booster to dicamba market growth. Emergence of innovative applications of dicamba in addressing multiple weed destruction will be another critical factor pushing the market.

Drift damage caused due to the volatility of dicamba can remain a longstanding challenge to the market growth. Similarly, reported cases of illnesses and allergies in humans post-exposure to dicamba, will remain a major barrier to mass adoption. Strict regulations regarding approval is another key factor expected to restrain the market growth.

With revenues beyond US$ 265.0 Mn in 2016, agriculture will continue to lead the market in terms of application, with over 84% market value share. Lawn and turf segment is also expected to register a remarkable market share of over 12% in 2016. While the Y-o-Y growth of agriculture segment is projected to be of around 8.7% in 2017 over 2016, that of the lawn and turf segment is estimated at 7.3%.

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Regionally, Europe is currently the largest market for dicamba. However, it may witness a slight decline post-2016. This region is likely to account for over 26% market share in 2016, whereas the revenues can reach beyond US$ 83 Mn. A higher growth rate is expected to be registered by North America, possibly accounting for almost 24% share of the market value in 2016. In 2017, Europe will exhibit a strong Y-o-Y growth of 7.7% over 2016, whereas that of North America is projected to be of 9.2%.

BASF SE, E I du Pont de Nemours & Company, Monsanto Co., The Dow Chemical Company, Bayer AG, Nufarm Limited, and Syngenta AG are some of the leading companies competing in the global dicamba market. Recently, DuPont and Monsanto Co. announced a multi-year dicamba supply agreement, confined to North America.

Long-term Outlook: The global dicamba market is expected to expand at a robust CAGR of 15.4%.v

Dicamba Market by Category

By Physical Form:

  • Liquid
  • Dry

By Time Application?:

  • Post-emergence
  • Pre-emergence

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By Crop Type:

  • Cereal & grains
  • Oilseeds & pulses
  • Pastures & forage crops

Region:

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

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Construction Aggregates Market expected to exhibit a healthy 6.8% CAGR between 2022 and 2031

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global construction aggregates market reached US$ 344.4 Bn in 2021. Increasing investment in the infrastructure sector is anticipated to propel growth in the market, enabling expansion at 6.8% CAGR through 2031.

Digital transformation in the construction sector is streamlining industrial operations and paving way for technological advancements. This factor is allowing contractors to improve output, which in turn is resulting in high demand for construction aggregates.

Rapid urbanization in countries such as China and India is encouraging expansion of construction of residential sectors and healthcare facilities, thereby boosting sales of construction aggregates. Besides this, government-backed initiatives for facilitating housing developments in the U.S. and the U.K. will positively shape the demand outlook for construction aggregates.

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In addition to residential projects, expansions in the tourism and hospitality sector are creating lucrative growth opportunities for players operating in the market. Construction of hotels and resorts in counties like Germany and Italy is enhancing sales prospects of construction aggregates in the market.

Moreover, demand for sustainable and recyclable construction aggregates is creating avenues for innovation in the market. Leading players are capitalizing on this trend by sustainable alternatives in the market, augmenting the overall market growth.

Key Takeaways from the Construction Aggregates Market Analysis

  • Based on product type, crushed stone will dominate the market due to its easy availability and affordable price.
  • Construction aggregates will find applications in the infrastructure sector owing to increasing spending towards expansion of roadways and railways projects.
  • The U.S. is anticipated to exhibit high growth during the forecast period. Sales in the U.S. is expected total US$ 16.4 Bn in 2021.
  • Expansions in the tourism and hospitality sector in Germany will create opportunities for construction aggregates sales.
  • China will emerge as the most lucrative market due to increasing industrialization and urbanization in the country.
  • Increasing investments in residential and infrastructural development in India will promote sales of construction aggregates in the country.
  • Japan and South Korea will collectively account for 7.2% of the total market share.

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“Increasing government expenditure on infrastructural development, coupled with the adoption of latest technologies is shaping the growth outlook of construction aggregates market,” says the FMI analyst.

Competitive Landscape

Heidelberg Cement AG, Martin Marietta Materials Inc, LSR Group, LafargeHolcim Ltd., Cemex SAB de CV ADR, Vulcan Materials Company, CRH plc, Adelaide Brighton Ltd., Eurocement Group, and ROGERS GROUP INC. are among the leading players operating in the construction aggregates market.

As a part of their growth strategies, prominent players are emphasizing on production facility expansion and new product launches. Apart from these strategies, strategic collaborations, mergers and acquisitions will hold significance during the forecast period. For instance:

  • In July 2021, Germany-based HeidelbergCement announced its plans to invest in additional grinding capacity for its cement plants. These additions will potentially help the company cater to growing consumers’ demand.
  • In May 2021, Martin Marietta Materials Inc. acquired HeidelberCement’s Lehigh Hanson West Region business for US$ 2.3 Bn. The transaction includes the sale of cement, aggregates, ready-mix concrete, and asphalt in the U.S. West region, allowing the company to expand its footprint across the country.

More Insights into the Construction Aggregates Market Report

In its latest report, FMI offers an unbiased analysis of the global construction aggregates market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (crushed stone, sand and gravels), application type (commercial, residential, industrial, infrastructural), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Industrial and Institutional Cleaning Chemicals Market expected to increase at a CAGR of 5.2% over the forecast period 2026

Future Market Insights delivers key insights on the global industrial and institutional cleaning chemicals market in its latest report titled ‘Industrial and Institutional Cleaning Chemicals Market: Global Industry Analysis and Opportunity Assessment, 2016-2026’.

Global sales revenue of industrial and institutional cleaning chemicals is projected to be valued at US$ 40.13 Bn by 2016, witnessing a Y-o-Y growth of 3.9% over 2015. The APEJ regional market is expected to register high growth followed by the Latin America industrial and institutional cleaning chemicals market.

The modern healthcare sector uses various devices and procedures to treat patients. The devices used in medical procedures are prone to serious infections. With the number of patients increasing in hospitals, the associated healthcare infections have emerged as a severe health issue in the past few years, posing a big threat to patient safety. It is estimated that over 20%-30% of these healthcare related infections can be prevented by intensive hygiene and control programs. Moreover, National Action Plan to Prevent Health Care-Associated Infections set by the U.S. Department of Health and Human Services (HHS) is also focussing on decreasing the number of such infections by 2020. Thus, due to continuation of promotional campaigns designed to increase awareness among consumers regarding the advantages of cleaning products, the cleaning chemicals demand is projected to increase over the projected period.

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Demand for meat products is increasing, mainly due to the rapid growth in population, westernisation of economies and changing food preferences. This increasing demand, in turn, is likely to lead to a rise in cold storage capacities and the need for a high level of hygiene. Combination of all these factors is projected to drive the consumption of industrial and institutional cleaning chemicals during the assessed period.

Segmentation highlights

Based on a primary source, the global industrial and institutional cleaning chemicals market can be segmented by application as commercial, Industrial and domestic. Industrial application is further classified as hand hygiene chemicals, building care chemicals, and others. The Commercial and domestic application segments are further bifurcated as laundry care chemicals, building care chemicals, kitchen care chemicals, hand hygiene chemicals, and others. Each sub-segment can be further categorised based on chemicals as citric acid, lactic acid, formic acid, phosphoric acid, acetic acid, hydrochloric acid, chlor alkalis, surfactants, chelating agents, phosphates, biocides, and solvents.

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  • The commercial segment will hold significant share in the global industrial and institutional cleaning chemicals market, registering a significantly high CAGR in terms of value during the period of assessment. The segment is estimated to create incremental opportunity of US$ 12.33 Bn during projected period.
  • Laundry care chemicals sub-segment in industrial application segment is estimated to exhibit a CAGR of 5.9% in terms of value during the studied period. The segment is anticipated to create incremental opportunity of US$ 5,052.6 Mn which is approximately 34% of the total incremental opportunity.

Regional market projections

The global industrial and institutional cleaning chemicals market is segmented on the basis of region as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan and Middle East and Africa. APEJ is expected to register relatively high CAGR in terms of value during the assessed period. China and India are highly focussed on increasing hygiene awareness. Western Europe and North America are estimated to collectively account for a share of market value of over 51.5% by 2016 end.

Vendor insights

The major companies in the industrial and institutional cleaning chemicals market include Procter & Gamble Co., Huntsman Corporation, The Dow Chemical Company, BASF SE, Akzo Nobel N.V., Lonza Group Limited, Henkel AG & Co. KGaA, Betco Corporation, Solvay SA, Eastman Chemical Companyand Croda International Plc. These players have adopted a strategy of increasing their production capacities across the world.

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Market segmentation

To understand and assess opportunities in the global industrial and institutional cleaning chemicals market, we have bifurcated the report into two sections based on market segmentation as under:

By Application

  • Industrial
    • Hand hygiene chemicals
    • Building care chemicals
    • Others
  • Commercial
  • Domestic
    • Kitchen care chemicals
    • Building care chemicals
    • Hand hygiene chemicals
    • Laundry Care chemicals
    • Others

By Region

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

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Refrigeration Oil Market expected to increase at a CAGR of 5.3% over the forecast period 2026

Future Market Insights delivers key perceptions on the global refrigeration oil market in its latest report titled ‘Refrigeration oil Market: Global Industry Analysis and Opportunity Assessment, 2016–2026’.

Global sales of refrigeration oil were estimated to be valued at US$ 1,026.8 Mn in 2015, and is anticipated to increase with a CAGR of 5.3% over the forecast period. Asia Pacific Excluding Japan is estimated to account for the regional share of 31.2% in the global refrigeration oil market by the end of 2016 and is expected to retain its dominance throughout the forecast period.

Refrigeration oil is a lubricant, derived from either mineral oil or synthetic oil which is a blend of a special high-temperature formulation of oils and additives in order to provide lubrication to compressors. The refrigeration oil flows under pressure where it changes its state from liquid to vapours for generation of the cooling effect. Some of the major reasons for the rise in demand for refrigeration oil in compressors as a lubricant is the cold chain transportation for frozen food, beverages and meat products, HVAC&R systems in healthcare sectors and increasing preferences towards low GWP refrigerants.

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Consumption of electricity power more than 70% by the refrigeration equipment and the depletion of ozone layer due to increasing emission of Green House Gases (GHG) from refrigeration systems has led to the production and adoption of low GWP refrigerants which will boost demand for more energy efficient  refrigeration oil. Various government organisations are trying to enforce amendments over the industries to reduce the use of HCFCs and CFCs in refrigeration system until 2030 by A5 countries in order to identify such refrigerants as obsolete. Thus, adoption of new refrigerants is expected to be the major reason behind the development of refrigeration oil compatible with these refrigerants in refrigeration.

Segmentation highlights

  • Based on product type, the global refrigeration oil market can be segmented into mineral oil and synthetic oil. The synthetic oil segment is expected to hold a significant share in the global refrigeration oil market and is expected to expand relatively higher in terms of value over the forecast period. The segment is expected to create incremental opportunity more than the mineral oil segment during 2016–2026
  • Based on the refrigerant type the global refrigeration oil market can be segmented as chlorofluorocarbon (CFC), hydro-chlorofluorocarbon (HCFC), hydro-fluorocarbon (HFC), ammonia and others. The growth rate of the others segment is expected to accelerate as compared to remaining refrigerants in terms of value and is anticipated to create a productive incremental opportunity over the forecast period
  • Based on application the global refrigeration oil market can be segmented as air conditioners, coolers, chillers, refrigerators/ freezers, condensers and others. The air conditioners segment is estimated to account for a major share in the overall global refrigeration oil market with relatively maximum CAGR value over the forecast period
  • Based on end user the global refrigeration oil market can be segmented as industrial, commercial and residential. Industrial segment is estimated to be a major contributor in the overall global refrigeration oil market followed by commercial and residential sectors by 2026 end 

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Regional market projections

The global refrigeration oil market is segmented on the basis of region into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa. APEJ is anticipated to register the highest CAGR in terms of value over the forecast period. North America and Europe are highly focussed on using low GWP refrigerants in refrigeration oil. The markets of Latin America, Middle East & Africa and Japan are expected to remain stagnant over the forecast period.

Vendor insights

The major shareholders of the global refrigeration oil market are MEIWA CORPORATION, Royal Dutch Shell plc, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd, FUCHS Lubricants, Chevron Phillips Chemical Company, BASF SE and The Lubrizol Corporation. These players have adopted a strategy of capacity expansion of their existing production units and strengthening the sales distribution networks worldwide to meet the increasing demand for refrigeration oil across the globe and are therefore expected to offer productive market opportunity over the forecast period.

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Global refrigeration oil market segmentation

By Product Type

  • Mineral Oil
  • Synthetic Oil
    • Polyol Ester
    • Poly Alpha Olefin
    • Alkyl Benzene
    • Polyalkylene Glycol
    • Polyvinyl eather
    • Others (Phenol Propoxylate oil)

By Refrigerant Type

  • Chlorofluorocarbon (CFC)
  • Hydro-chlorofluorocarbon (HCFC)
  • Hydro-fluorocarbon(HFC)
  • Ammonia
  • Others

By Application

  • Air Conditioners
  • Coolers
  • Chillers
  • Refrigerators/Freezers
  • Condensers
  • Others (Ice Machines etc).

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Middle East and Africa
  • Japan

By End User

  • Industrial
  • Commercial
  • Residential