Market Research Blog – Page 15313 – New Product Development

Mono Propylene Glycol Market to Surpass US$ 5 Bn by 2029

Mono propylene glycol (MPG) continues to find application across diverse industries, on the back of its low toxicity and hygroscopic properties. A recent Future Market Insights (FMI) study suggests that the global mono propylene market value will reach beyond US$ 5 Bn towards the end of 2029, witnessing a moderate CAGR during forecast period (2022 – 2029). Environmental sustainability of bio-based mono propylene glycol will be significantly responsible in upholding its demand in the global market over the course of following years.

Monopropylene glycol, also known as propane-1, 2-diol, is a colourless and odourless chemical. It is a propylene oxide derivative and an artificial organic compound. Antifreezes, industrial coolants, and other applications include use of monopropylene glycol. Monopropylene glycol (food grade) is used in the food industry as a food pigment and additive.

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Monopropylene is also used in paints and varnishes, as well as bath tubs and also utilised as a liquid coolant for vehicles. The mono propylene glycol market is expected to be driven by the its growing use in various end-use industries such as, chemical industry, pharmaceutical industry, cosmetics and others. Considering this, FMI has forecasted the global mono propylene glycol sales to reach a valuation of US$ 5,159.5 Mn by 2029 end.

Key Takeaways – Mono Propylene Glycol Market Study

Low toxicity of mono propylene glycol, as compared to ethylene glycol, is expected to drive its usage in cosmetics and personal care products on a large scale. As ethylene glycol is poisonous and must be handled with caution to restrict any human or animal exposure, MPG will witness higher demand in the forecast period.
Being the preferred glycol for manufacturing high performance, unsaturated polyester resins for several uses such as reinforced plastic laminates for marine construction, gel coats, sheet molding compounds (SMC), and synthetic marble casting, industrial grade mono propylene glycol is projected to witness significant demand. It is also a vital intermediate in the production of alkyd resins for paints and varnishes.
Substantial demand is anticipated for mono propylene glycol from the pharmaceutical industry as it is a well-known excipient. MPG is used for several purposes in a broad range of pharmaceutical dosage forms, for e.g. as a humectant in topical medication, as a preservative in solutions, or as a co-solvent in aerosols, parenteral, and oral solutions.

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Manufacturers in the mono propylene glycol market can gain substantial profits by targeting long-term supply contracts from prominent end-use industries such as food & beverage, pharmaceutical, building construction, and others, across various developing countries such as India and China.

Manufacturers Moving towards Bio-based Mono Propylene Glycol

Bio-based mono propylene glycol is gaining popularity in the market, as a switch from petrochemical- to renewable-based MPG results in the reduction of climate change impact of 40-60% kg of CO2. Several countries are taking initiatives to increase the adoption of bio-based mono propylene glycol among various end-use industries owing to its significant environmental benefits.

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Who Is Winning?

The global mono propylene glycol market is fairly consolidated due to the unavailability of raw materials required for the manufacturing of mono propylene glycol, especially at the regional level, and absence of local manufacturers. Key manufacturers such as Dow Chemical Company, LyondellBasell, BASF SE, and Royal Dutch Shell PLC account for about 40% of the overall market share. North America and Europe are anticipated to account for a significant share of the global mono propylene glycol market, owing to rapid infrastructural development and increasing preference for bio-based mono propylene glycol.

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

Future Market Insights’ research on the Automotive Fasteners market offers a comprehensive overview for the forecast period of 2021-2026. It uncovers hidden opportunities and studies growth trajectory across various segments. The study also offers an unbiased analysis by analyzing historical demand and future projections from a bird’s eye perspective. The report identifies some of the lucrative markets across the globe. FMI delivers an insightful coverage on the Automotive Fasteners markets’ latest trends, drivers, challenges, opportunities and restraints that the market is expected to prevail in the upcoming decade.

According to the study, the automotive industry is expected to witness a healthy growth backed by the technological advancements. Leading players are expected to launch unique driving techniques to strengthen their footprint. This will have a positive impact on the Automotive Fasteners market. The report covers the ‘Highs and Lows’ of the past decade and gives future projections based on the latest trend in the automotive industry.

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COVID-19 Impact on Automotive Industry

With the onset of COVID-19, the automotive companies and market players witnessed a few set-backs. As the COVID-19 crisis continues to unfold, FMI delivers detailed and rapid insights to navigate through the crisis. The report presents in-depth findings obtained through innovative methodology. Information presented in the report, is interspersed with up-to-date statistics. Data available on the Automotive Fasteners market is intended to aid both short-term and long-term strategic decision making. The report also offers a holistic overview, mapping the factors, opportunities and trends likely to help in the wake of the coronavirus pandemic.

The COVID-19 outbreak had a swift and severe impact on the automotive sector. Affects included disruption in supply chain activities and overall vehicle production. Starting in China, vehicle and vehicle part manufacturers around the world either placed their production lines on quarantine or shut down completely. This led to severe impact on automotive sales, thus hindering the Automotive Fasteners market.

However, with recovery already registered in certain countries, future prospects are expected to improve for the Automotive Fasteners market.

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Data collected from reliable primary and secondary sources
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Automotive Fasteners Market: Segmentation

To gain a better perspective on the latest trends and opportunities, the information has been classified into key segments and sub-segments.

On the basis of material used, the automotive fasteners market segmented as follows:

Iron
Aluminum
Brass
Nickel
Stainless steel
Plastic

On the basis of characteristics, the automotive fasteners market segmented as follows:

Removable
Semi-permanent
Permanent

On the basis of types, the automotive fasteners market segmented as follows:

Threaded –
Nuts
Screws
Rivets
Studs
Non threaded
Snap rings
Clips

On the basis of Coating, the automotive fasteners market segmented as follows:

Passivated coating
Cadmium coating
Dry film lube coating

On the basis of distribution channel, the automotive fasteners market segmented as follows:

OEM (Original Equipment Manufacturers)
Aftermarket

Automotive Fasteners Market: Competitive Analysis

The report on the Automotive Fasteners market report offers a detailed analysis of some of the leading players operating in the market. It examines the impact of key strategies adopted by the market players, which include product launches, expansion of distribution channels, leveraging local networks, strategic mergers & acquisitions, and others.

Permanent Technologies, Inc.
Phillips screw company
Westfield Fasteners Limited
com Inc.
Atotech Deutschland GmbH
Stanley Engineered Fastening
PennEngineering
Shanghai Tianbao Fastener Manufacturing Co., Ltd.
Jiangsu Xing Chang Jiang International Co., Ltd.
Shamrock International Fasteners
Birmingham Fastener, Inc.
Sundram Fasteners Limited

Critical Questions Answered in the Report

Which are the top manufacturing companies operating in the Automotive Fasteners market?
What will be the future outlook of the Automotive Fasteners market in the upcoming decade?
Which are the some of the lucrative markets for Automotive Fasteners market?
Which factors will drive the Automotive Fasteners market growth?
What are the challenges faced by the prominent players of the global Automotive Fasteners market?

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Significant Contributions of the Report

Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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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Automotive Foams Market Trends, Growth, Future Demand, Analysis and Forecast by 2026

Automotive foams are generally polymer foams and are made up of gas and solid phase mixed together to form a foam which is achieved by combining the two phases too briskly for the system to respond in a smooth fashion. The resulting foam is incorporated with either air bubbles or air tunnels also known as either closed cell structure or open cell structure. Open cell foams are usually flexible, while closed cell foams are generally rigid. The gas involved in the manufacturing of automotive foam can either be chemical or physical and is termed as a blowing agent.Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-1753

Physical blowing agents are those gases which are not involved in direct chemical reaction in the foaming process and thus are inert in nature whereas chemical blowing agents are those gases that take part in the chemical reaction and thus decompose to release chemicals in the foaming process. Polymer foams can be produced through various methods including extrusion, slab-stock by pouring and different types of molding. There are various types of polymer foams including polyurethane, biodegradable foams, starch foams among others. Polymer foams find their applications in various sectors including automotive, packaging, building & construction, furniture & bedding among others. Major methods of manufacturing automotive foams are molding and slabstock.

Global Automotive Foams Market: Segmentation

The global automotive foams market can be segmented on the basis of types, application and end-use industry. On the basis of type, the global automotive foams market can be segmented into polyurethane, starch foams, biodegradable foams and others. On the basis of application, the global automotive foams market can be segmented on the basis of instrument panels, seating, door panels, headliners, water shields, gaskets, seals, Noise-Vibration and Harshness (NVH) solutions and others. On the basis of end-use industry, the global automotive foams market can be segmented into passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV).

Global Automotive Foams Market: Dynamics

Various properties of automotive/ polymer foams including low density, weight reduction characteristics and cost effectiveness are some of the main reasons driving the global automotive foams market. Moreover, automotive foams are optimal insulators with low heat transfer properties, which is a key factor fuelling the demand for automotive foams over other alternatives thus in turn driving the overall global automotive foams market. Flexibility and softness of automotive foams also provide extra comfort to the passengers which is a major factor pumping the growth of the global automotive foams market. Furthermore, growing consumer preference for polymer foams in vehicles and increasing manufacturer’s inclination towards automotive foam products in commercial vehicle applications is a major factor driving the demand for automotive foams thus fuelling the overall global automotive foams market.

The major challenges involved in the global automotive foams market include waste disposal, flammability, recyclability and others. Moreover, adverse effects of blowing agents on the environment is another major challenge hampering the growth of the global automotive foams market. Stringent government regulations on the adverse effects of chloro-fluoro-carbons (CFCs) involved in the manufacture of polymer foams is another key factor restraining the growth of the global automotive foams market.

Global Automotive Foams Market: Region-wise Outlook

Considering regions, North America in the global automotive foams market is anticipated to dominate the other regions throughout the forecast period followed by Western Europe. Moreover, APAC is expected to witness the highest growth during the forecast period. The global automotive foams market is divided into seven key regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan.

Global Automotive Foams Market: Key Players

The key players involved in the manufacture of automotive foams include Woodbridge Foam Corporation, Bridgestone Corporation, Johnson Controls, The Dow Chemical Company, BASF Chemical Company, Lear Corporation, Vitafoams, Saint-Gobain, Armacell, Recticel among 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 categories such as market segments, 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
Value Chain

Regional analysis includes:

North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa

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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.

Automotive Foams 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

About Future Market Insights (FMI)

Automotive Seating Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities and Forecast to 2026

Market Study Conducted by Future Market Insights, a leading ESOMAR Certified Competitive Intelligence Provider, offers Sheds Light on Key Factors Enabling Sales of Automotive Seating over the Forecast Period 2016-2026

Future Market Insights (FMI) analysis on the Automotive Seating market offers insights into factors affecting growth in the market through 2026. The survey uncovers information growth opportunities and trends propelling sales of Automotive Seating in key segments such as (type), (vehicle type), and (sales channel). It also highlights the strategies acquired by the leading market players in the landscape.

According to the latest market analysis by FMI, the global Automotive Seating market will surge at a steady rate over the forecast period 2016 to 2026. The objective of the report is to unmask the growth drivers, restrains, key trends, threats, and growth opportunities shaping the future of the market. The analysis aims at assisting businesses to capitalize on the upcoming opportunities and preparing for unforeseen challenges.

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

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Integration of Wireless Communication Creating Lucrative Growth Prospects for Automotive Seating Market

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

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

Key Automotive Seating Survey Highlights and Projections

Drive by robust automobile demand in the country, China is likely to emerge as one of the most lucrative markets in East Asia, accounting for over high share in the global market.
Demand in South Korea and Japan will surge at an impressive pace as automotive production recovers pre-pandemic growth status.
(Split seat) will continue to dominate in terms of (PCV (Passenger Commercial Vehicles)) through 2029.
Based on the (sales channel), is leading the global market.

Report Benefits & Key Questions Answered

Automotive Seating Historical Volume Analysis: The detailed analysis by FMI underscores fundamental driver, restrain, and opportunities that impacted the growth of the market over the last forecast period. It offers modification in market growth due to aforementioned dynamics and project sales performance of Automotive Seating for the forthcoming forecast period 2021-2029.
Automotive Seating Sales Outlook: A thorough study administered by FMI analyses key micro and marco-economic indicator and provides insights on their impact on the sales of Automotive Seating during the assessment period.
Automotive Seating Company & Brand Share Analysis: The company and brand share analysis by FMI reveals the list of leading companies in the Automotive Seating market and segregate these companies in Tier 1, Tier 2, and Tier 3. The study also forecast the percentage of market share captured by these players between 2021 and 2029.
Automotive Seating Category and segment level analysis: FMI offers detailed analysis of the factors influencing the sales prospect across key segments. Automotive Seating category analysis provides deep insights into customer experiences, emerging trends, and growth drivers. The vital information highlighted in this section will enable market players to make timely business decision to gain competitive advantage.
Automotive Seating Market Trend Analysis: The analysis on the market trend discovers current and upcoming trends in the automotive industry and studies the impact of these trend on the demand and sales of Automotive Seating during the coming decade.
Automotive Seating Market Structure Analysis: The study on market structure analysis provides in-depth data about market concentration, level of competition, and tier analysis of the key players in the Automotive Seating market along with their insights on their global footprint based on region, country, segment, and product portfolio.

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Competitive Landscape Analysis

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

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

Johnson Controls Inc
Toyota Boshoku Corporation
TS Tech Co., Ltd
Faurecia SA
Lear Corporation
IFB Automotive
Magna International Inc
DURA Automotive Systems
Aktis Engineering Solutions
Fisher and Company

Automotive Seating Demand Analysis by Category

On the basis of seat type:

Split seat
Bench seat
Split Bench seat

On the basis of vehicle type, the Automotive Seating market has been segmented as:

PCV (Passenger Commercial Vehicles)
LCV (Light Commercial Vehicles)
HCV (Heavy Commercial Vehicles)

On the basis of sales channel, the Automotive Seating market has been segmented as:

OEMs
Aftermarket

Region

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

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About Future Market Insights (FMI)

Automotive Cyber Security Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2029

Future Market Insights’ research on the Automotive Cyber Security market offers a comprehensive overview for the forecast period of 2021-2031. It uncovers hidden opportunities and studies growth trajectory across various segments. The study also offers an unbiased analysis by analyzing historical demand and future projections from a bird’s eye perspective. The report identifies some of the lucrative markets across the globe. FMI delivers an insightful coverage on the Automotive Cyber Security markets’ latest trends, drivers, challenges, opportunities and restraints that the market is expected to prevail in the upcoming decade.

According to the study, the automotive industry is expected to witness a healthy growth backed by the technological advancements. Leading players are expected to launch unique driving techniques to strengthen their footprint. This will have a positive impact on the Automotive Cyber Security market. The report covers the ‘Highs and Lows’ of the past decade and gives future projections based on the latest trend in the automotive industry.

COVID-19 Impact on Automotive Industry

With the onset of COVID-19, the automotive companies and market players witnessed a few set-backs. As the COVID-19 crisis continues to unfold, FMI delivers detailed and rapid insights to navigate through the crisis. The report presents in-depth findings obtained through innovative methodology. Information presented in the report, is interspersed with up-to-date statistics. Data available on the Automotive Cyber Security market is intended to aid both short-term and long-term strategic decision making. The report also offers a holistic overview, mapping the factors, opportunities and trends likely to help in the wake of the coronavirus pandemic.

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However, with recovery already registered in certain countries, future prospects are expected to improve for the Automotive Cyber Security market.

Why Choose Future Market Insights

Detailed analysis with a simplified format
Trusted insights for transformative business solutions
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

The global Automotive Cyber Security market is segmented on the basis of types of cyber security solution such as

Software-based
Hardware-based
Network & Cloud

The global automotive cyber security market is also segmented on the basis of vehicle type such as

passenger cars
light commercial vehicles
heavy commercial vehicles

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Automotive Cyber Security Market: Competitive Analysis

The report on the Automotive Cyber Security market report offers a detailed analysis of some of the leading players operating in the market. It examines the impact of key strategies adopted by the market players, which include product launches, expansion of distribution channels, leveraging local networks, strategic mergers & acquisitions, and others.

Global Automotive Cyber Security Market: Key Players

Google, Mobileye, Nissan, Audi, BMW, Ford, GM, Toyota, Daimler, and others.

Critical Questions Answered in the Report

Which are the top manufacturing companies operating in the Automotive Cyber Security market?
What will be the future outlook of the Automotive Cyber Security market in the upcoming decade?
Which are the some of the lucrative markets for Automotive Cyber Security market?
Which factors will drive the Automotive Cyber Security market growth?
What are the challenges faced by the prominent players of the global Automotive Cyber Security market?

Significant Contributions of the Report

Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

Oil & Gas Pipeline Coatings Market to grow at a value of 5.6% CAGR between 2022 and 2029

Witnessing robust expansion over 2022 – 2029, the global market for oil & gas pipeline coatings will reach the revenues worth US$ 7 Bn towards 2029 end. Growing offshore exploration and production activities, stabilizing crude oil prices, rise in cross-country pipeline projects and rehabilitation of existing pipelines are some of the key factors that would majorly account for increasing demand for oil & gas pipeline coatings in the market.

Paradigm shift in coating technologies, along with increase in global energy consumption and proliferating oil & gas pipeline projects will continue pushing sales in the oil & gas pipeline coatings market. Considering this, FMI has forecasted the global oil & gas pipeline coatings sales to reach a valuation of US$ 6,958.0 Mn in 2029.

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Oil & gas Pipeline Coatings Market Key Takeaways

Fusion bonded epoxy (FBE) coatings, attributing to their low coefficient of friction and low permeability, create a tight barrier that prevents permeation of cold and hot liquids. This property would continue to position them as a preferred choice for oil & gas pipeline coatings.
The Asia Pacific region, which has more than 10,000 miles of pipeline under construction and further over 9,750 miles of planned pipeline projects, is likely to reflect robust growth opportunities facing players operating in the oil & gas pipeline coatings market.
With crude oil prices recovering, investments in the oil & gas industry are projected to rise by 6% between 2017 and 2025. These will fuel exploration & production activities around the world, propelling oil & gas pipeline coatings demand.
In the upstream segment, although onshore sector constitutes most of the market share, offshore sector, driven by increasing investments, is estimated to witness robust growth in the oil & gas pipeline coatings market.
Stringent regulations pertaining to volatile organic compound (VOC) emissions are anticipated to impede the growth of solvent-based oil & gas pipeline coatings, which are prone to VOC emissions during the drying process.

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Pipe laying in deep waters or high operating temperatures, and increasing corrosive properties of flow materials have been driving advancements in pipeline coatings. These advances such as thermal insulation will bring forth a range of new technological frontiers in the pipeline coatings space in the near future.

Market Landscape Moving towards Consolidation

The oil & gas pipeline coatings market is technology driven and remains dominated by a handful of players that possess extensive R&D capabilities. Leading players operating in the global oil & gas pipeline coatings market, Akzo Nobel N.V., PPG INDUSTRIES, Sherwin-Williams Company, Axalta Coating Systems, RPM International Inc., and BASF SE, are focusing on acquisitions of smaller and technology-driven paint & coating manufacturers to build on their product expertise and enhance market positioning.

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What Does Future Hold?

Crude oil prices are extremely volatile in nature, affected by growing U.S. oil & gas production, OPEC production cuts, and oversupply of crude oil. Considering the number of pipeline projects in the construction phase and older, existing pipelines in need of reconditioning, the oil & gas pipeline coatings market is projected to witness robust growth during the forecast period.

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Machine Condition Monitoring Market is expected witness a CAGR of 5% between 2020-2030

The global machine condition monitoring market is expected witness a CAGR of 5% between the forecast period of 2020-2030. Growing need to reduce the maintenance cost and unexpected downtime have fuelled the growth of global machine condition monitoring market.

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Demand for Longer Life of Machine Parts to Sustain Growth for Market

Machine conditioning essentially determines the health of a machinery, monitors, and offers predictive maintenance ideas to avert failures. It plays a crucial role in diagnosing a troubling noise, vibration, and temperature measurements in a machine that have the potential of wreaking havoc. Machine conditioning is predominantly used in industries such as oil and gas, manufacturing, petroleum, aerospace and defense, automotive, and marine amongst others. The crucial nature of these industries is expected to ensure that the market for machine condition monitoring has a healthy growth rate.

Machine condition monitoring techniques are used in rotating equipment, pumps, electric motors, internal combustion engines, and presses to garner predictive maintenance insights. Development for advanced machine condition monitoring solutions that facilitate scheduled maintenance are expected to create viable opportunities. Low-cost advanced machine condition monitoring, direct communication processes, and rapid processing functions are opening new doors to the growth of machine condition monitoring market. Machine reliability by effective prediction of their failures, maximizing part life by proper scheduling of maintenance programs, achieving reduction in frequency of failures, reducing severity of machine downtime, and ensuring safety of equipment and staff will also prove to be solid foundations for the players in the market.

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Oil and Gas Industry to Remain Key Consumer to Keep Operations Uninterrupted

The oil and gas industry is expected to be the key user of machine conditioning monitoring solutions in the coming years. Growing pressure on onshore and offshore oil exploration and shale gas activities are expected to keep this segment in the lead. The petroleum segment too is projected to have a positive impact on the overall market. However, fluctuations in oil prices due to political instability and pandemic are expected to create a negative impact. The other end-use industries of machine condition monitoring are marine, aerospace, defense, mining and metal, power generation, and automotive.

Manufacturing Industry in Asia Pacific to Give Machine Condition Monitoring Market New Opportunities

The report states that the market growth in developed economies for these systems is expected between 7%-10% whereas in developing regions the growth may even exceed 12% during coming decade. On the basis of region, North America is estimated to be the fastest-growing market for machine condition monitoring due to higher expenditure made by existing companies on efficient maintenance. On the other hand, Asia Pacific and Latin America are expected to be the growth engines of machine condition market in the near future with each region upping the production and manufacturing capacities. The remaining regions are expected to grow at a steady rate over the forecast period.

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Global Machine Condition Monitoring Market: Key Players

Some of the key players operating in the global machine condition monitoring market are National Instruments, Parker Kittiwake, Rockwell Automation, Bruel & Kjaer Vibro GmbH, Emerson Process Management, Fluke Corp, Honeywell Process Solution, among many others.

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Mass Finishing Consumables Market to reach US$ 288.7 Mn by 2029 – FMI

Sales of mass finishing consumables are primarily driven by the increasing demand for surface finishing from various end-use industries such as automotive, aerospace, and general and industrial engineering. As indicated in a new Future Market Insights (FMI) study, the global mass finishing consumables market is estimated to be valued at over US$180 Million by the end of 2019, demonstrating moderate growth at a less than 5% CAGR during the forecast period, 2019 – 2029.

Heightened demand for surface finishing from end-use industries, along with preference for in-house surface finishing with growing usage of digital control systems will continue pushing sales in the mass finishing consumables market. Considering this, FMI has forecast the global mass finishing consumables sales to reach a valuation of US$ 288.7 Mn in 2029.

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Key Takeaways – Global Mass Finishing Consumables Market

Non-metallic abrasives provide more contact area during finishing process than metallic ones, thus enabling the dimensions of parts to stay intact. Furthermore, non-metallic abrasives are best suited for both wet and dry applications. This leads to growing preference for non-metallic abrasives (ceramic, plastic, and porcelain) over metallic abrasives (such as steel).
Ceramic and plastic mass finishing consumables are estimated to account for more than 70% of total mass finishing consumables worldwide.
Plastic mass finishing consumables are generally recommended for use with softer metals, such as aluminum, brass, and zinc.
Use of fixtures is an upcoming trend. This process increases flow of media onto component surface, thereby contributing to an increased finishing action.

New entrants in the global mass finishing consumables market can benefit by penetrating emerging economies in East Asia, where substantial growth is seen in the manufacturing sector.

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Implementation of digitization and automation technologies over conventional technologies in the production line, product innovation, and footprint expansion remain key strategies followed by mass finishing consumables manufacturers to enhance productivity and to capture new market opportunities.

Reducing Third-party Dependence for Finishing Services to Propel Market Growth

Sustainable growth of investment in the manufacturing sector is expected to play a key role in driving the growth of the mass finishing consumables market across the globe. From the perspective of end-use industries, surface finishing is used in almost in every industry for cleaning and refurbishing metallic and non-metallic parts. End users are dependent on third-party service providers, which increases production cost and negatively impacts profitable margins. The high cost involved influences such end users to opt for in-house surface and finishing technologies and to enhance productivity along with reducing cost and time.

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Interested in More Information?

A new market report on mass finishing consumables published by Future Market Insights brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data for 2014 – 2018 and forecast statistics for 2019 – 2029. The study offers insightful information on the global mass finishing consumables market based on various categories – media type (ceramic, plastic, steel, aluminium oxide, and others), application (deburring, pressure deburring, grinding, polishing, and ball furnishing, among others), and end-use industry (automotive, aerospace, machine tooling, general manufacturing, construction, healthcare, and jewellery & accessories), across seven regions.

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Vehicle Electrification Market Report Covers Detailed Industry Scope, Future Scenario and Elaborates Outlook to 2025

The vehicle electrification market is expected to grow significantly in the forthcoming years owing to the inclination of automotive and automobile manufacturers towards the electrified vehicles and the growing emphasis given to environment-friendly alternatives in the automobiles. Vehicle electrification is being adopted by various key players in the automobile industry such as Toyota. The vehicle electrification market is seeing innovations by Toyota, while they harness the benefits associated with vehicle electrification to support their sustainability initiatives for which they aim to promote the sales of their electrified vehicles in the coming decade. Commercialization of electrified vehicles by major players is expected to nurture the growth opportunities of the vehicle electrification market.

Moreover, the initiatives taken by the automotive players such as the Renault Group and Bosch for implementing vehicle electrification, transforming the public transport with vehicle electrification, and aiming to add electrified vehicles to their product portfolio in the future are further expected to open new doorways for the automobile manufacturers. In line with sustainable commutate facilities, vehicle electrification allows both, the vehicle manufacturers and end users to benefit from it and transform how transport has been looked at, further contributing to the expansion of the vehicle electrification market.

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Electrification of a vehicle is considered as one of the best way to reduce carbon emission, increase vehicle efficiency and reduce dependency over oil. Vehicle electrification generates new opportunities for consumer engagement along with various environmental and economic benefits. We can replace various hydraulic or mechanical systems with electric systems: hydraulic power steering with electric power steering and mechanical or hydraulic pumps with electric pumps. The air conditioner in a vehicle can

Vehicle Electrification Market: Drivers & Restraints

Increasing prices of conventional fuels, growth in the sales of electric vehicles will enhance the growth of vehicle electrification. Growing demand for fuel efficient vehicles, stringent emission norm along with increasing environmental awareness among the consumer are also expected to fuel the growth of vehicle electrification market. Governments of various countries such as US are actively supporting vehicle electrification by providing tax exemption and subsidies.

Vehicle Electrification Market: Region – Wise Outlook

Asia – Pacific region owing to the fast growing automotive industry in developing countries such as India, China and South Korea is expected to show a significant growth in the vehicle electrification market. Strict laws in Western & Eastern Europe for vehicle efficiency will drive the vehicle electrification market in this region. North America is also anticipated to a moderate growth with credits to the strong fuel efficiency norms and support from government in the region. With rapid technological advancement and growing automobile industry, vehicle electrification market is expected to increase at a double CAGR during the forecast period.

Vehicle Electrification Market: Key Players

Some of the players in the market we identified includes, Continental AG, Robert Bosch GmbH., TRW Automotive Holdings Corp., Denso Corporation, (Japan), Nexteer Automotive, JTEKT Corporation, Mitsubishi Electric Corporation, Mando Corp., Borgwarner Inc. and ZF Friedrichshafen AG.

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Automotive Brake System Market is expected to witness a rise of 3% CAGR between 2020-2030

The global market for automotive brake systems is expected to witness a rise of 3% CAGR between the forecast years of 2020-2030. The market is poised to take a hit as COVID-19 disrupts automobile production. Furthermore, economic downturn will also hamper the market in a negative manner in the coming days. Despite the gloomy picture, the global market for automotive brake systems will recover as the world limps back to normalcy by 2021. In the decade long prediction, the demand for automotive brake systems is projected to rise as road safety features will gain prominence amongst manufacturers and producers.

Prominence of Road Safety to Boost Automotive Brake Systems Market

Development of the smart braking systems in automotive brake system market resulted in decreasing number of accidents. The latest advancements prevents the vehicle from skidding minimizing the risk of accidents. Rapid increase in the production and sales of vehicles coupled with stringent regulations regarding stopping distances are anticipated to magnanimously contribute to the growth of the market. Growing demand for installation of passive and active safety in vehicles is expected to trend in automotive brake system market.

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Growing concern over road traffic crashes and increasing number of deaths have influenced the key players to integrate robust safety features. Stringent safety regulations by regulatory bodies and governments will continue to drive the growth of automotive brake system market. NHTSA (National Highway Traffic Safety Administration), agency of U.S. DOT (Department of Transportation) has planned to mandate adoption of Automatic Emergency Braking System (AEB) from 2022.

ABS Stands Out as Some Make it a Mandate to Sell Vehicles

The global automotive brake systems market is segmented into system type, vehicle type, and system technology. The system type segment includes disc brake and drum brake. Out of these, the disc brake segment is expected to expand at a rapid pace due to better performance and heat dissipation features. In the coming years, passenger cars will lead the vehicle type segment as automotive sector shows promise of revival as economy inches closes to normalcy. The system technology segment includes traction control system (TCS), antilock braking system (ABS), electronic brake-force distribution (EBD), and electronic stability control (ESC). ABS is projected to dominate as it in mandated in several vehicles.

Asia Pacific Remains in the Lead with Shifting Focus on India

Asia Pacific is projected to control on the global automotive brake system market with growing number of consumers and manufacturers. The key countries in the mentioned region are projected to be India, South Korea, and China as an outcome of the increasing demand for commercial vehicles and passenger cars. Japan also contributes to the global automotive brake system market remarkably. While China was anticipated to be the largest opportunity in terms of revenue of the industry, the recent pandemic is expected to shift focus to India. Europe is expected to be the second largest market in global automotive brake system market followed by North America.

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Key Players

Some of the key players operating in the global automotive brake system market are TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Continental AG, Akebono Brake Industry Co. Ltd., Brembo S.P.A., Halla Mando Corp., and others.

How Will Growth Unfold?

The automotive sector was anticipating a disruption as economies across the globe nosedived. However, the problem has been compounded due to recent outbreak of COVID-19. It has led to a disruption in production and supply, ceasing demand as consumer confidence is shaken up. However, the future of automobile sector will heavily rely on electronic vehicles as emission norms will get stringent.

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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

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