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Wet and humid conditions, loose soil and growing requirement of stable field operations among end-use industries is enhancing the demand for rig and oilfield mats as these reduce operational expenditure. Due to growing demand for matting solutions to provide equipment protection in varying conditions, rig and oilfield mats will witness growing demand from end-use industries. The oil and gas industry is the prominent end user of rig and oilfield mats. Remote operations and prevailing wet conditions in end-use industries are the two factors that will further drive the installation of rig and oilfield mats.

Global Rig and Oilfield Mats Market: Analysis & Forecast

The global market for rig and oilfield mats is expected to witness significant growth in 2018 and will reach a market value of US$ 1,365.7 Mn, exhibiting a y-o-y growth rate of 4.6% as compared to 2017. Furthermore, the global demand for rig and oilfield mats will also be influenced by rising exploration and production and drilling operations in the oil and gas industry. Growing population and increasing demand for electrification will drive the installation of rig and oilfield mats in electrical T&D constructions and wind turbines. These projects will enhance the demand for rig and oilfield mats during the forecast period.

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Rig and oilfield mats are being adopted by a large number of oil and gas and electrical installation operators worldwide. Rig and oilfield mats are deployed based on the operation condition as well as budget. Wind turbines are witnessing high installation and growing demand for green energy production and consumption will further increase their demand. Growing demand for green energy production and consumption is leading to the growth of global rig and oilfield mats market in countries, such as the U.S., China, Brazil, India, Germany, the U.K. and Netherlands. Growing focus on establishing manufacturing and distribution units for rig and oilfield mats and increasing investments in developing countries of Asia by end-use industries will boost the demand for rig and oilfield mats over the coming years.

Rig and Oilfield Mats Market Segmentation By Type (Wood mats,Composite mats,Metal mats); By End Use (Oil and Gas,Electrical T&D Construction & Maintenance,Wind,Infrastructure Construction,Military,Helipad) :  https://www.futuremarketinsights.com/reports/rig-and-oilfield-mats-market

Global Rig and Oilfield Mats Market: Segmental Insights

Based on product type, composite mats and metal mats will continue to dominate the rig and oilfield mats market in terms of global market share and are expected to account for approximately 37.6% and 40% shares, respectively, by the end of 2028.

Based on end use, the oil and gas industry will continue to dominate the rig and oilfield mats global market and is expected to account for US$ XX Mn by 2028 end. The demand for rig and oilfield mats in electrical T&D construction, wind and infrastructure construction is expected to grow faster in developing regions, such as APEC, China and Latin America.

In 2018, North America is estimated to be the most lucrative region in the global rig and oilfield mats market and is likely to hold more than 35% of the global market share. Further, advancements in skid proof composite mats will drive the demand for rig and oilfield mats in Western Europe, North America, China and APEC.

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Increasing demand for rig and oilfield mats in the coming years will influence prominent manufacturers to collaborate with regional distributors and suppliers for expanding their business. Newpark Resources Inc, Strad Energy Services Ltd., Horizon North Logistics Inc., Signature Systems Group, Checkers Group, Rig Mats of America, Inc., MaXXiMaT, BRIDGEWELL RESOURCES and PortaFloor are some of the key players in the global rig and oilfield mats market.

In terms of market value, the global rig and oilfield mats market is forecast to register 4.6% CAGR and is expected to create absolute $ opportunity worth US$ 768.2 Mn during the forecast period. North America and Western Europe are likely to witness maximum adoption of rig and oilfield mats. These regions will grow at a CAGR of 5% and 4.7% respectively over the forecast period.

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More from Industrial Automation & Equipment Intelligence:

• Clad Pipe Market Segmentation By basis of pipe type (Metallurgical Bonded,Mechanically Lined,Weld Overlay); By basis of grade (316,625,825,Others); By basis of outer diameter (4-12 Inch,12-24 Inch,24-48 Inch,48-60 Inch,60-120 Inch); By basis of wall thickness (3-6 mm,6-18 mm,18-36 mm,36-60 mm,60-120 mm) : https://www.futuremarketinsights.com/reports/clad-pipe-market
• Refrigeration Compressor Market Segmentation By Compressor Type – Reciprocating Compressor, Screw Compressor, Centrifugal Compressor, Rotary Compressor, Scroll Compressor, Others; By Application Type – Domestic, Commercial; By Refrigerant Used Type- CO2,R290,R410A,Others;By Industry Type – Food And Beverages, Logistics And Transportation, Chemical, Pharma Ceutical, Automobile, Others: https://www.futuremarketinsights.com/reports/refrigeration-compressor-market
• Industrial Sewing Machines Market Segmentation By Product Type – Flat bed, Raised, Cylinder bed, Feed-off-arm, Post-bed: https://www.futuremarketinsights.com/reports/industrial-sewing-machines-market

Future Market Insights (FMI) forecasts that the bridge expansion joints sales will accelerate at 1.5x in next ten years, reaching the market valuation of around US$1500 Mn by the end of 2031.

Implementation of bridge preservation partnership programs between original equipment manufacturers (OEMs) and end users will drive the market, yielding a year-on-year (YoY) growth rate of 3% in 2021.

China leads the global bridge expansion joints market as a result of growing investments in transportation and infrastructure development. The market in China is anticipated to hold nearly one-fifth value share in the global market during the forecast period.

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The estimated value of the bridge expansion joints market in 2021 is US$ 990.8 Mn and the market is expected to expand at a CAGR of 5.5% during the forecast period from 2021 to 2031.

Global Bridge Expansion Joints Market Forecast

Market insights suggests that the overall size of the global bridge expansion joints market will expand over the forecast period. Several positive changes are expected to fuel the growth of the global bridge expansion joints market.

By region, China is projected to dominate the global bridge expansion joints market over the forecast period. China, followed by Western Europe, is estimated to remain the most opportunistic region in the bridge expansion joints market. In terms of value, China is projected to create incremental $ opportunity worth US$ 130.9 Mn in the global bridge expansion joints market during the forecast period. Middle East & Africa (MEA), followed by Latin America, are projected to grow at a significant CAGR over the forecast period in the global bridge expansion joints market.

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By type, the closed type expansion joints segment is projected to dominate with a value of US$ 371.9 Mn in 2021. However, the open joints segment is projected to account for more than 40% share in the global bridge expansion joints market during the forecast period. In terms of growth, open type bridge expansion joint segment is projected to grow with modest growth rate during the latter half of the forecast period.

By application, the roadway bridges segment is projected to dominate the global bridge expansion joints market. In terms of volume, the demand from roadway bridges segment is projected to be pegged at 12,604 ‘000 meters by the end of 2031. In terms of value, the railway bridges segment is projected to create incremental $ opportunity worth US$ 118.8 Mn in the global bridge expansion joints market over the forecast period. Under the application segment, the roadway bridges sub-segment is expected to grow with remarkable growth rate in the global bridge expansion joints market owing to increasing roadway network in developing regions.

Competitive Landscape

Some of the key players involved in the manufacturing of bridge expansion joints and included in this study are Trelleborg AB, Canam Group Inc., Ekspan Ltd., Freyssinet Limited, Granor Rubber & Engineering Pty. Limited, Gumba GmbH & Co. KG, KantaFlex (India) Private Limited, Mageba SA, Metal Engineering & Treatment Co. Pvt. Ltd., ZaoqiangDacheng Rubber Co., Ltd., RJ Watson, Inc., TensacciaiS.r.l., Maurer SE and Watson Bowman Acme Corp.

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Global Bridge Expansion Joints Market Dynamics

Increasing investments for infrastructural development across the globe will act as a catalyst for the overall growth of the bridge expansion joints market during the forecast period. Moreover, increasing construction activities in developing regions, such as SEA & pacific, are estimated to fuel the growth of the bridge expansion joints market over the forecast period.

On the flip side, one of the key challenges faced by the manufacturers of bridge expansion joints is that the upper layer of steel expansion joints corrodes when exposed to salts or de-icing salts. This is anticipated to be the primary factor hampering the growth of the bridge expansion joints market over the forecast period. Moreover, bridge expansion joints require high logistics cost due to their heaviness, which is another factor anticipated to act as a restraining factor for the growth of the bridge expansion joints market in near future.

The global clad pipe market is estimated to register a CAGR of 5.6% during 2018-2028. geographical region and Africa, Western Europe and South East Asia & Pacific clad pipe markets are estimated to account for significant value shares by the top of the forecast period.

Future Market Insights (FMI) delivers key insights on the worldwide clad pipe market in an exceedingly new report. The long-term outlook of the worldwide clad pipe market is anticipated to stay positive with the clad pipe market price expected to extend at a CAGR of 5.6% during the forecast period. within the clad pipe report, average volume each year has been expressed in volume (Tons). Among the clad pipe segments by type, the metallurgical bonded clad pipe segment is predicted to register robust growth over the forecast period.

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Global sales of clad pipes is estimated to be valued at US$ 2,000.3 Mn by the end of 2018 and is expected to register a CAGR of 5.6% over the forecast period. Middle East and Africa, Western Europe and South East Asia & Pacific regions are expected to account for the lion’s share of the global clad pipe market by the end of 2028 and are expected to retain their positions as market leaders during the forecast period.

Global Clad Pipe Market Dynamics

Corrosion is one of the major problems affecting the efficiency of oil & gas and other petrochemical pipeline operations. According to a report by the World Corrosion Organization, corrosion costs account for an estimated US$ 2.5 Trillion worldwide, which is almost 4% of the GDP of industrialized countries. Out of which, 45% is spent in oil & gas and petrochemical sectors, which accounts to almost US$ 1 Trillion. With towering corrosion costs and interruptions caused due to leaks, maintenance and turnarounds, the clad pipe market is expected to witness great demand over the forecast period.

Recent oil & gas price trends have encouraged major oil & gas companies to increase investments in the exploration of new areas. This has led to the development of a number of oil & gas projects, especially in the offshore segment, which creates high demand for clad pipes. Western Europe and the Middle East and Africa are witnessing increased spending in the offshore oil & gas industry, owing to the new projects in the North Sea, Persian Gulf, Gulf of Guinea and Mediterranean Sea, which are expected to create high demand for the clad pipe market. Of the remaining oil & gas reserves, around 50% exist in highly corrosive environments. This is expected to drive the demand for clad pipes, given the rise in oil & gas exploration activities around the world.

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Corrosion Resistant Alloy (CRA) pipes are also used to combat corrosion in pipelines, yet clad pipes are preferred over them as clad pipes are more economical to produce and weigh a fraction of CRA pipes. On the other hand, the fabrication of clad pipes requires specialized welding techniques and equipment, which are available only to a select few manufacturers. This can hinder the growth of clad pipes as CRA pipes form as a substitute in some markets. However, given their various advantages, the market for clad pipes is expected to register strong growth over the forecast period.

Global Clad Pipe Market Forecast

On the basis of type, the metallurgical bonded segment is estimated to dominate the clad pipe market over the forecast period while the mechanically lined clad pipe segment is estimated to register the highest growth. Among the grade segments, the 316 grade clad pipe market segment is expected to remain dominant in terms of market share. On the basis of outer diameter, the 4-12 inch segment is estimated to have the highest market share and exhibit the highest growth rate.

Western Europe and Middle East & Africa (MEA) regions are estimated to drive the global clad pipe market growth, owing to the large number of offshore activities in these regions. Eastern Europe, China and South East Asia & Pacific regions along with Western Europe and MEA are estimated to register the highest growth in the clad pipe market over the forecast period due to the increased spending by major oil & gas players in these regions. Japan is estimated to witness the least growth in the clad pipe market over the forecast period as there are no major oil & gas developments in the region.

Key Segments Covered

On the basis of pipe type, the global clad pipe market has been segmented into

• Metallurgical Bonded
• Mechanically Lined
• Weld Overlay

On the basis of grade, the global clad pipe market has been segmented into

• 316
• 625
• 825
• Others

On the basis of outer diameter, the global clad pipe market has been segmented into

• 4-12 Inch
• 12-24 Inch
• 24-48 Inch
• 48-60 Inch
• 60-120 Inch

On the basis of wall thickness, the global clad pipe market has been segmented into

• 3-6 mm
• 6-18 mm
• 18-36 mm
• 36-60 mm
• 60-120 mm

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Global Clad Pipe Market Competitive Landscape

Some of the key market participants included in this study of the global clad pipe market are The Japan Steel Works, Ltd, NobelClad, Proclad, Inox Tech, Tenaris SA, Eisenbau Krämer GmbH, EEW Group, IODS Pipe Clad Ltd, BUTTING Group, Cladtek Holdings Pte Ltd, Gieminox Tectubi Raccordi S.R.L., Canadoil Group Ltd, Jiuli Group, Precision Castparts Corp and Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd.

For more insights on the global market for clad pipe, write in to Future Market Insights analysts at press@futuremarketinsights.com

The global stainless steel welded pipe market is expected to reach US$ 16.36 Bn in 2021 with a stable long-term projection, according to the latest insights from Future Market Insights, ESOMAR-certified research and consulting firm. The report offers an analysis of 20+ high-growth markets, providing detailed insights on the stainless steel welded pipe market’s growth in the next decade.

Demand for stainless steel welded pipes decelerates as operations across construction, automotive, water supply and distribution, oil and gas, petrochemical and fertilizers, power generation, and other sectors were hampered amid the COVID-19 outbreak. However, considering the possibility of a stimulus for infrastructure projects in many countries, the long-term outlook of the market remains positive.

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The surge in demand for stainless steel welded pipes from applications such as oil and gas will remain a chief growth driver due to the presence of oil rigs all over the globe. For the transportation of the fluid from one place to another, a large quantity of pipes is required, which will drive the sales in the market. The same applies to the water supply and distribution segment because the demand is expected to surge amid the rising need for an uninterrupted water supply.

The replacement of old pipes with new stainless steel welded pipes can also provide a boost in the sales of stainless steel welded pipes. The substantial increase in the demand from the supplier side and from the end-use industries across the globe is propelling the stainless steel welded pipe market growth.

The use of stainless steel welded pipes in construction and automotive and power generation applications will create solid opportunities for growth. According to FMI, the construction sector is expected to account for nearly 29% of sales in the market by 2031. Investment in residential, commercial, and infrastructural construction projects will increase in the future, paving way for the expansion of the market.

Stainless Steel Welded Pipe Market Key Takeaways

The stainless steel welded pipe market is expected to grow at 4.6% CAGR between 2021 and 2031 Investment in construction projects will remain a chief growth driver in the U.S., enabling it to account for nearly 72% of sales in North America Focus on improving public infrastructure will drive growth in the U.K. market at 5.5% CAGR between 2021 and 2031 India is expected to register increasing investment in water supply and distribution to ensure safe drinking water to all citizens and support industrialization. This will create attractive opportunities for stainless steel welded pipe sales China will emerge as a highly lucrative market in East Asia, accounting for maximum sales of stainless steel welded pipes

“As competition continues to grow, companies operating in the market are likely to adopt strategies for strengthening their global footprint. Besides expanding operations across emerging nations, they are likely to focus on launching better quality stainless steel welded pipes to gain competitive edge” says FMI analyst.

The stainless steel welded pipe market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of construction, oil & gas, and water supply and distribution, majorly focusing on the outer diameter required for the specific applications. Collaboration with local players and developing new technology in the form of advanced stainless steel welded pipes is a prime strategy expected to increase in popularity in the forecast period.

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Will Growing Automotive Industry Propel the U.S? Market Growth?

The U.S. stainless steel welded pipe market is expected to rise at 4.4% CAGR between 2021 and 2031. The growth forecast for the U.S. market remains positive on account of the increasing demand from the automotive industry and construction industry. The U.S. automotive industry not only produces vehicles for domestic sales, but also exports vehicles, and to fulfill the demand auto industry players have to manufacture efficiently. Stainless steel welded pipes are used for making mufflers and exhausts in the automotive industry, which propels the growth of the stainless steel welded pipe market in the United States.

How is Germany relevant to the Stainless Steel Welded Pipe market?

After a brief period of declining growth in 2020, the German market is expected to register 4.3% y-o-y growth in 2021. The German stainless steel welded pipe market will witness an appreciable growth on account of the increasing demand from the automotive and aerospace industries. Germany comes under the tag of the top 10 steel-producing countries with a market volume of 39.7 Million Tons in 2019. Stainless steel which is made in Germany is also very popular in sales due to its lower carbon content and is softer which makes them more durable than American grade Stainless Steel.

Stainless Steel Welded Pipe Market Segmentation

By Grade

300 Series 304, 304L & 304H 309 & 310S 316, 316L, 316H, 316TI 321/321H 347/347H 400 Series 409 410/410S 900 Series Nickel Alloy Grade Duplex 2205 Duplex 2207

By Application

Construction Automotive Water Supply and Distribution Oil and Gas Petrochemical and Fertilizers Power Generation Others

By Outer Diameter

4 – 36mm 36 – 60 mm 61 – 150 mm 151 – 500 mm 500 – 1000 mm

By Region

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

Stainless Steel Welded Pipe Market Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd. & others.

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Get Valuable Insights into Stainless Steel Welded Pipes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global stainless steel welded pipes market, presenting historical demand data (2016-2031) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the market based on grade (300 series, 400 series, 900 series, and nickel alloy grade), application (construction, automotive, water supply & distribution, oil & gas, petrochemical & fertilizer, and power generation), an outer diameter (4 – 36 mm, 36 – 60 mm,  61 – 150 mm, 151 – 500 mm, and 500 – 1000 mm) across seven major regions.

Global Process Liquid Analyser Market : Overview

With an increasing focus on sustainability and the green revolution, coupled with concerns pertaining to the use of fossil fuels, governments across the world are teaming up with global industry bodies to prescribe regulations to reduce the harmful effects of refined petroleum fuels. Adhering to these mandates will mean petroleum refineries need to upgrade their infrastructure, technologies, and blending and operational processes. This scenario is anticipated to create a favourable path for revenue growth of the global process liquid analyser market.

According to a new research study by Future Market Insights (FMI), the process liquid analyser market is slated to reach a valuation of about US$ 4 Bn by 2028. From an estimated value of just under US$ 2.4 Bn in 2018, this is indicative of a decadal growth rate of 5.8% from 2018 to 2028. Mass urbanisation across the globe brought about by rapid industrialisation has resulted in a sustained need for clean, potable water and wastewater treatment.

The governments of emerging economies particularly in the Asia Pacific are beefing up investments in water and wastewater treatment infrastructure to meet the rising demands of the population. Future Market Insights predicts a lucrative opportunity for new revenue generation in the process liquid analyser market as a direct consequence of these investments.

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Increasing Demand for Process Liquid Analysers to be Witnessed from Key End-use Industries in the Coming Years

Process liquid analysers are widely used across industries such as food and beverages, healthcare and pharmaceuticals, chemicals, water and wastewater treatment, oil and petrochemicals, automotive, paper and pulp, and power generation. Consistent growth of end-use industries has led to a rising need for providing high quality output while adhering to the stringent governmental norms ruling various industrial processes.

An increasing demand for critical industrial components such as process liquid analysers can be observed in the wake of industrial advancements that call for enhanced operational efficiency and reduction in costs as well as industrial waste. According to FMI analysis, water and wastewater treatment is the largest end-use sector in the global process liquid analyser market, both in terms of revenue and demand generation.

Revenue Pullers in the Process Liquid Analyser Market

While the need to enhance industrial operational efficiencies and ensure consistent integrity of industrial processes is driving the process liquid analyser market, there are certain factors that are restricting revenue growth. Process liquid analysers come with very low replacement rates, requiring the replacement of the product after a span of several years.

Preview Analysis Global Process Liquid Analyser Market Segmentation By Technology (NIR Based, NMR Based, ECD Sensor Based, Laser Based); By Liquid Medium (Water, Oil, Other Chemicals & Liquids); By Product (pH & ORP (Oxidation-Reduction Potential) Analyzers, Conductivity Analyzers, MLSS (Mixed Liquor Suspended Solids) & Turbidity Analyzers, Liquid Density Analyzers, Chlorine Analyzers, Dissolved Oxygen Analyzers, Total Sulfur & Nitrogen Analyzers, Oil in Water Analyzers, TOC Analyzers, Heavy Aromatics Analyzers); By Display (Analog, Digital); By End Use (Oil & Petrochemicals, Water & Wastewater Treatment, Food & Beverages, Chemicals, Medical & Pharmaceutical, Others : https://www.futuremarketinsights.com/reports/process-liquid-analyzer-market

Product longevity acts as a bane in subsequent replenishments, thereby restraining replacement revenue growth to some extent. Then again, the initial setup costs associated with process liquid analysers could be very high, depending on the end-use application. Complex process liquid analysers used in some of the crucial industrial processes may require high capital investments. This factor is also expected to act as a hindrance to revenue growth of the global process liquid analyser market.

FMI Projections and Forecasts of the Process Liquid Analyser Market

The process liquid analyser market is estimated to generate incremental $ opportunity to the tune of about US$ 1.8 Bn in the next 10 years Process liquid analysers deploying NIR technology are slated to have the widest application TOC analysers to dominate the global market through 2028; pH & ORP analysers to witness fastest growth owing to increasing application across several end-use industries Process liquid analysers with digital displays to hold largest market share in the coming decade Demand from the water and wastewater treatment sector will witness fastest growth during the period 2018 – 2028; this is also the largest revenue generating end-use sector in the global market North America to remain dominant regional market for process liquid analysers through 2028; China and India to remain top regional markets in terms of demand for process liquid analysers

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High Pressure Processing Equipment Market Segmentation By Application – Fruits & Vegetables, Juice & Beverages, Meat, Sea Food and Other; By Product Type – Below 100 Litres, 100 Litres-300 Litres and Above 300 Litres; Vessel Arrangement – Vertical and Horizontal : https://www.futuremarketinsights.com/reports/high-pressure-processing-market Australia Conveyor Maintenance Market Segmentation By Conveyor Type – Rubber, Metal and Plastic; By Service Type – Component Fixing and Maintenance Services; By Component Type – Conveyor Belt, Roller & Idler, Cleaner and Others (Skirting Clamps, Pulley Lagging, Fastener, Impact Beds & Splicing Kits ); By End-Use Industry – Mining, Industrial & Automotive, Pharmaceutical, Food Processing and Others (Power, Fertiliser, Transport and Logistics) : https://www.futuremarketinsights.com/reports/australia-conveyor-maintenance-market Bulk Terminals Market Segmentation By Bulk Type – Dry Bulk (Grain, Coal, Iron Ore and Others), Liquid Bulk (Oil and Gas) : https://www.futuremarketinsights.com/reports/process-liquid-analyzer-market

Degreaser is a cleaning compound that removes water insoluble substances from hard surfaces. Industrial degreasers are generally used to remove grease, oil or similar materials from machine parts, tools, hard surface, etc. They protect machines from getting damaged by removing contaminants and undesired materials from machine parts. There are two types of industrial degreaser – water-based and solvent-based degreaser compounds. Water-based degreasers are possess better characteristic properties as compared to solvent based degreasers. For instance, they are non-flammable, contain less number of chemical additives and are cheap and non-reactive towards working surfaces. Solvent-based degreasers are made from natural oils or petroleum and possess high di-electric strength and perform better than water-based degreasers. However, they are hazardous to users. Rapid Industrialization, growth of power utility units, growing automobile production and sales are some of the factors that will bring about the growth of the industrial degreasers market around the globe.

Global Industrial Degreaser Market Dynamics:

Degreasers make an indispensable component of the maintenance process of machines as they prevent machines from getting damaged by removing contaminants as well as other undesirable depositions from machine parts. Also, high efficiency industrial degreasers result in minimization of manpower requirement and maintenance. This is precisely why the demand for high efficiency industrial degreasers is increasing form end use industries and the trend is likely to continue over the coming years. However, strict regulations laid down by various organizations such as EPA, REACH, etc. might hamper the growth of the industrial degreaser market in near future. Manufacturers are focusing on the development of new products such as bio-based industrial degreasers to comply with the aforementioned regulations and to support the sustainable development agenda of organizations. This, in turn, is expected to create opportunities for the growth of industrial degreaser market.

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Global Industrial Degreaser Market: Regional outlook

The North American market share in the said market is anticipated to dominate in the upcoming years as consumers, in particular, the industrial workers, are exhibiting higher preference towards using these products in their day to day activities. North America Industrial degreaser market is expected to register healthy growth over the forecast period. Similarly, the European region, particularly the western part of the region, is also expected to grow at a steady pace owing to the growing number of large manufacturing units being set up in many countries of the region. Low awareness and general lack of attention towards hygiene displayed by industrial workers in the Asia Pacific region might hamper the growth of the industrial degreasers market in years to come. However, some relief may be provided by the manufacturing sector in the region. With the rapidly growing manufacturing sector in developing countries such as China and India, the Industrial degreaser market is also anticipated to grow and register a healthy CAGR over the forecast period. Lastly, the slow growth of the industrial sector in the Middle East and Africa region will affect the industrial degreaser market is a negative way. This region is anticipated to register sluggish growth in the Industrial degreaser market over the forecast period.

 Global Industrial Degreaser Market Players:

Examples of some market participants in the Global Industrial Degreaser market, identified across the value chain, include Carroll Company, Nyco Products Company, Elevance Renewable Sciences, Inc., Baron-Blakeslee Sfc Inc., Stepan Company, NGCT Cleansys Pvt. Ltd., ABRO Industries, Inc., BG Products, Inc., Auto Industrial Marine Chemicals, Inc., 3M Company, BASF SE, The Dow Chemical Company, Radiator Specialty Company, Cox Industries, CRC Industries and others.

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, application, and industry.

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The report covers exhaust 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 Countries, S. Africa, Northern 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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Global Industrial Degreaser Market Segmentation:

On the basis of type, the global Industrial degreaser market is segmented into:

• Water-based
• Solvent-based

On the basis of grade, the global industrial degreaser market is segmented into:

• Synthetic
• Bio-based

On the basis of end use industries, the global Industrial degreaser market is segmented into:

• Automotive
• Aviation
• Electrical
• Chemical & pharmaceuticals
• Energy & power
• Paint
• Marine
• Others

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
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The global dry vacuum pumps market is estimated to be valued at US$ 1,680.8 Mn by 2018 end and reach US$ 3,070.1 Mn by the end of 2028 while expanding at a CAGR of 6.2% over the forecast period. With electronics and semiconductor products being seen as common products, the industry is adopting dry vacuum pumps for related applications, such as coating and drying. Dry vacuum pumps are predominantly used in end-use industries, such as electronics and semiconductor, pharmaceutical and chemical industries.

Dry Vacuum Pumps Market report by TMR comprises an elaborated executive summary that offers a snapshot of the market undercurrents, it lists succinct information on drivers, trends, challenges, competition, and regional analysis. There is a continuous thrust on renewable power production across the globe, in the wake of global warming and a sustained need to protect the environment. Regions such as North America, Europe, and Asia Pacific are engaged in the production of renewable power through alternate sources such as solar energy.

The governments of several countries across the world are encouraging private players to create sustainable, green power through solar and other forms of renewable energy and are also offering tax and other incentives to promote the generation of solar power. This has led to a sudden increase in the number of solar plants and projects globally, thereby driving the production of solar panels. This is set to fuel the demand for dry vacuum pumps, according to a recent market intelligence outlook published by Future Market Insights (FMI).

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In this new report on the global dry vacuum pumps market, FMI predicts revenue from the sales of dry vacuum pumps to reach US$ 1,680.8 Mn by the end of 2018 and this is expected to increase to US$ 3,070.1 Mn towards the close of 2028. The global dry vacuum pumps market is slated to register a growth rate of 6.2% during the decade 2018 to 2028.

Steady and Growing Demand from the Electronics and Semiconductor Sectors to Augur Well for the Dry Vacuum Pumps Market

Growing infrastructural activities across the globe are directly favouring the demand for pumps. The electronics and semiconductor industries have witnessed rapid revenue growth over the last few years, with an increasing focus on the manufacturing of semiconductor and electronic components and equipment.

This has led to an increase in demand for dry vacuum pumps from these industries, especially in the production of micro-electronics and chips. Manufacturers of semiconductor and electronic components such as Panasonic, Samsung, Meiko Electronics, Saigon Semiconductor Technology, and Taiwan Semiconductor Manufacturing Co. are setting up production plants in developing regions to benefit from cost competitiveness. Local governments across several developing countries such as Brazil, India, and ASEAN countries are focused on increasing foreign direct investments in the manufacturing sector. This is expected to boost sales of dry vacuum pumps in the coming years.

Opportunity Assessment of the Dry Vacuum Pumps Market

Future Market Insights has conducted an extensive opportunity assessment of the global dry vacuum pumps market for the 10 year period 2018 to 2028. One of the key opportunity areas in the global market for dry vacuum pumps lies in the strategic investments being made globally across the pharmaceutical industry. Demand for dry vacuum pumps is steadily increasing from the pharmaceutical industry in developing countries such as Indonesia, India, Brazil, and China. Further, there is a lack of local manufacturers of dry vacuum pumps in developing economies, with the top manufacturers based in Japan, U.S, Germany, and certain other European countries. This scenario presents lucrative growth opportunities for global manufacturers of dry vacuum pumps to establish production facilities in developing economies. Setting up bases in developing regions will help manufacturers benefit from better economies of scale, given the low production and labour costs in developing countries.

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Key Segments Covered

By Product Type,

Dry Screw Vacuum Pump Dry Scroll Vacuum Pump Dry Diaphragm Vacuum Pump Dry Claw and Hook Pump Others (Dry Lobe Vacuum Pump, and Dry Rotary Vane Vacuum Pump)

By End Use,

Electronics & Semiconductor Industry Pharmaceutical Industry Chemical Industry Others (Printing Industry, Packaging Industry, Food and Beverages Industry)

By Region,

North America Latin America Western Europe Eastern Europe Middle-East & Africa (MEA) China Asia Pacific excluding China (APEC)

Low-cost Chinese Products and Lack of Skilled Labour in Developing Regions to Restrict Revenue Growth of the Global Dry Vacuum Pumps Market

The global market for dry vacuum pumps is disrupted by several players from China who offer products at very low prices. Owing to the increasing price pressure from these companies, leading global players are striving to offer high-quality dry vacuum pumps that are more reliable and efficient at highly competitive prices. This price sensitive nature of the global market is expected to restrain revenue growth in the coming years. The dry vacuum pumps markets in the Latin America and SEA regions suffer from a very high dependency on imports from other regional markets, owing to a lack to talented and experienced local vacuum technology professionals. This is leading to a stagnancy in revenue growth of the global dry vacuum pumps market to a certain extent.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry.

To understand the other revenue push and pull factors impacting the global dry vacuum pumps market, write in to Future Market Insights analysts at press@futuremarketinsights.com

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