Market Research Blog – Page 15874 – New Product Development

Animal Feed Probiotics Market Perspective, Comprehensive Analysis, Growth and Forecast 2021-2031

Over the last decade, the rise in the number of homes with pets has played a crucial part in maintaining the pet population size. During this time, the number of homes with more than one dog increased by five million, compared to a 4.8 million increase in the number of families with only one dog. Along with this, there is growing evidence supporting the use of animal feed probiotics for companion animals such as cats and dogs.

Giving good bacteria to a companion animal may also have a positive impact on chronic gastro-intestinal illnesses, mental attitude, obesity, liver disease, dental disease, and behavior difficulties.

A daily feed probiotic supplement may also provide some additional benefits for dogs, including enhanced skin and coat appearance, reduced intestinal gas, and improved breath, among other things.

Thus, the rising pet population along with growing awareness about the animal health is driving the market growth.

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Key Takeaways from the Animal Feed Probiotics Market Study:

On the basis of animal type, demand in livestock segment is expected to grow at a CAGR 6.7% over the forecast period and to be valued at US$ 3,483.9 Mn by 2031 end.
Companion animals, equine and aquaculture combined are responsible for approximately 25.7% of the market in 2021. Demand from companion animals is expected to expand at 13.7% CAGR over the forecast period and to be valued at US$ 1,533.8 Mn by 2031 end.
Equine is estimated to account for 5.0%, revenue share of the global animal feed probiotics market by 2021 end and is expected to gain 65 bps in its market share by 2031 over 2021. Aquaculture is expected to create absolute $ opportunity of US$ 377.6 Mn between 2021 and 2031.

Clear and Exclusive Information about Ingredients Used on Package Attracts More Customers

Consumers have become increasingly conscious about what they feed their pets and domestic animals in recent years. Customers appreciate a box that includes information on the product’s features and benefits. The information on a box should be correct, exclusive, and displayed clearly because buyers spend relatively little time looking at it. This can also help the buyer make more informed decision.

Furthermore, one method of giving nutritional information on animal feed probiotics is to use images to indicate the ingredients as well as the elements that are not contained in them. As a result, packaging design has begun to incorporate narrative illustration in the form of a storey using graphics.

Who is winning?

Technological advances in the field of molecular biology and gene sequencing have enabled researchers and scientists to create new probiotic compositions that are more animal-friendly.

Although probiotic supplements are unquestionably good for animal growth and intestinal health, consumers nonetheless face a number of adverse consequences on animal growth. Over the projection period, the growth of new generation technology is reforming the animal feed probiotics market, creating improved prospects.

Some of the leading companies offering animal feed probiotics are Alltech, Danisco Animal Nutrition (Dupont), Chr. Hansen Holding A/S, Evonik Industries AG, Novus International, Inc., Royal DSM, Lallemand, Pure Cultures LLC, Calpis Co., Ltd., Adisseo, and Others.

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:
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North America Underground Mining Vehicle Market Trend 2021, Growth, Leading Companies with Impact of Covid-19, Business Scenario, Emerging Dynamics, Industry Share and Revenue Forecast by 2031

Rapid improvement in coal, precious and rare-earth minerals mining coupled with increasing investments in capital equipment are the key factors driving the growth of underground mining vehicle market during the forecast period.

As per Future Market Insights, the underground mining vehicle market is projected to be valued at ~US$ 1.9 Bn in 2021, expanding at a CAGR of ~5.0% over the forecast period of 2021-2031. Unprecedented outbreak of COVID-19 pandemic has caused severe impact on the North America’s economy.

Complete shutdown in the region led to disruption of supply-chain networks and halt in manufacturing and mining activities. Subsequently, this affected the underground mining vehicle market negatively. However, underground mining vehicle market is expected to recover sharply as the economic activities resumes post the containment of pandemic.

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Key Takeaways of Underground Mining Vehicle Market Study

Canada is anticipated to be the leading market in North America owing to the increased mining production. Canada is expected to continue its reign as it’s the highest contributor in the regional GDP as compared to the U.S. and Mexico
Growing preference of mining companies for improved efficiency and productivity will improve the demand for advanced underground mining equipment
Rental service providers will be the most preferred owners for underground mining vehicles as manufacturers are looking to reduce high maintenance cost.
The market is moderately to highly competitive, with regard to scramble for resources and mining machinery. Key players are focusing on introduction of new product lines, fueling the competition in the industry.
For improved efficiency, key manufacturers are increasing the production of electric underground mining vehicles such as electric trucks which can take the load capacity the same as diesel truck.
The aftermarket segment is expected to be the most preferred as demand for customized and advanced underground mining vehicles is increasing among owners

Competitive Landscape

The Underground Mining Vehicle market North America specific is moderately fragmented, with leading players accounting for more than half of the market share. Penetration of regional and local players will further intensify the competition. Some of the key players in the market are Caterpillar Inc., Sandvik AB, Epiroc AB, Komatsu AB, Boart Longyear Ltd., Hitachi Construction Machinery, Liebherr Group, Sany Heavy Industry Co., Ltd., Volvo Construction Equipment and among others. The aforementioned players have higher shares in the North America’s underground mining vehicles market. Longstanding relationships with key distributors and end users is providing competitive edge to the key players.

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Comprehensive analysis on evolving purchase pattern across different geographies
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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Plant-based Milk Market Analysis (COVID-19 Analysis) – Industry Insights, Drivers, Top Trends, Global Analysis, Forecast and Opportunities to 2031

Popularity of vegan diets can be attributed to popularity of veganism and rising focus on sustainable living. As per Future Market Insights (FMI), these factors will create conducive environment for the expansion of the plant based milk market. The report also forecasts the sales of plant-based milk to increase at 8.8% CAGR between 2021 and 2031.

Concerns about the humane treatment of animals have also had a significant influence in the gradual shift toward vegan diets. The market for plant-based milk is predicted to expand as a result of these factors.

Consumers have become more appreciative of and inclined toward plant-based products, such as juices and other plant-based beverages, as health and wellness concerns have grown, due to the rise in prevalence of obesity, diabetes, and cardiovascular diseases.

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Plant-based goods contribute to healthy eating habits by providing higher nutritional content, vitamins, minerals, and healthy fats. Veganism is gradually becoming more popular. Some of the countries have been identified to represent the trend from the fore at global forums. For instance:

In 2016, Singapore earned the spot of second-most vegan friendly Asian city by PETA Asia. Singapore was also titled the top 6th vegan city in the world by Happy Cow.
Hong Kong was listed in the top 10 vegan friendly countries by Peta Asia in 2020. According to a vegan business platform, Eco Warrior Princess, roughly 25% -70% of Hong Kong residents consume vegan meals.
Thailand witnessed the launch of several vegan restaurants and food outlets recently such as Veganerie, Vistro, May Veggie Home, and Swees among others.

Key Takeaways from the Plant-based Milk Market Study:

The U.S. is estimated to account for more than 80% of the North America market in 2021, supported by consumer awareness regarding nutritional foods.
According to FMI’s analysis, China is estimated to account for more than 60% of the Asia Pacific market in 2021, supported by easy availability of raw materials.
The U.K. is a high potential market in Europe, accounting for over 9.4% value share, supported by the popularity of clean label trends.
Sales via online retail are expected to grow at 10.8% CAGR through 2031.

Sustainability of Plant-based Milk Production to Increase its Appeal

Plant-based milk is popular among customers because of benefits it provides in terms of sustainability, nutrition, and convenience. Consumers now demand food & beverages that are good for both their bodies and environment.

There are various concerns with conventional dairy products, including inhumane livestock rearing & addition of pesticides and chemicals to dairy milk, among others. Because of its vegan origins and branding as a health product, demand for plant based milk such as oat milk is likely to increase.

Who is winning?

Manufacturers of plant-based milk are trying to attract customers by packaging their products in cartons which are creatively and beautifully crafted. It helps plant-based milk producers differentiate their beverage from the rest and draws more customers as buyers choose to purchase a more visually appealing product compared to a typical product.

Some of the leading companies offering plant-based milk are Groupe Danone, Alpina Foods, Blue Diamond Growers, Inc., Döhler GmbH, Earth’s Own Food Company Inc, Elden Foods Inc, Freedom Foods Group Ltd, Goya Foods, Groupe Danone, Hain Celestial Group, Inc, Kaslink Foods Oy Ltd, Living Harvest Foods Inc, Liwayway Holdings Company Limited, Mc Cormick & Co., Natura Foods, Nutriops SL, Organic Valley, Pacific Foods of Oregon, Inc, and others.

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Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Textile Transfer Paper Market 2021 (COVID-19 Impact Analysis Included) Opportunities, Regional Overview, Top Leaders, Revenue and Forecast to 2031

The textile transfer paper market revenue totaled $632.1 Million in 2020, according to the latest insights from Future Market Insights (FMI). The overall textile transfer paper market is expected to reach US$ 1,292.8 Million by 2031, growing at a CAGR of 6.4% for 2021-31.

With the rise in purchase power among consumers across the globe, there has been a significant increase in the demand for premium quality textiles. Out of the other methods like direct printing and thermal transfer printing, the dye sublimation textile transfer printing offers superior quality print and enhanced durability.

Dye sublimation textile transfer papers are widely used in the digital printing of items like apparel, home textiles and soft signage. Due to the ease in availability and comparatively economical thermal transfer printing process, most of the manufacturers still use it over the dye sublimation printing process.

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Textile printed with thermal transfer printing are less durable and the print quality is degraded by several factors like repeated washing or heat among others. Contrary to this, dye sublimation transfer printing is not only resistant to these factors, but is more durable and superior in quality.

As result manufacturers are showing greater preference for dye sublimation transfer printing process to fulfil the growing demand for premium quality textiles. The growing preference of manufacturers towards dye sublimation textile transfer printing over traditional thermal transfer printing is anticipated to augment the demand for the target product.

Key Takeaways from Textile Transfer Paper Market

By thickness (GSM), 60 – 90 GSM textile transfer paper segment is consistently increasing at a prominent growth rate of 7.3% during 2021-2031. This is mainly because of its extensive compatibility with a wide variety of end uses.
By paper type, the coated paper type is expected to hold a major pie of 74.2% value share in 2031 compared to others in the industry, as a result of its increasing popularity among small players in the market.
The increasing application of tacky product type to reduce the ghosting issue while printing on lightweight textiles is driving its growth in the textile transfer paper market. The sales of tacky textile transfer paper are projected to expand at a CAGR of 7.1% during the span of the next 10 years.
By region, North America and Europe currently hold over 54.1% of the total textile transfer paper market owing to their well-established textile printing industry. But the growth of South Asia and East Asia is expected to be higher than other regions.
South Asia and East Asia markets are expanding at CAGR of 9.5% and 7.3% respectively as a result of strong efforts of the governments and manufacturers in boosting the textile industry in these regions.

Consumers tend to prefer textiles with dye sublimation transfer printing for the impressive durability and vivid designs offered by the technology. These factors are anticipated to be a foundation for elevating the demand for textile transfer paper in the market.

Manufacturers in the textile transfer paper industry are consistently making efforts to capture this elevated demand by expanding their product portfolio, manufacturing capabilities and strategic partnerships.

Demand for Customization to Shape Textile Transfer Paper Market

Dye sublimation transfer printing process is very precise and it is very important to use papers with exact specifications in terms of thickness (GSM), paper type, and product type for high-quality print.

Manufacturers are looking for technologies that will help them provide a perfect combination of all three aspects as per the customer requirement to gain maximum market share. As dye sublimation transfer printing process is comparatively costlier than other alternatives, customers are very cautious regarding the quality of the papers.

There is also high demand for customization of paper rolls in terms of lengths and width of the roll as the consumer has to additionally invest time and money for trimming the rolls to meet their requirements. There are not many manufacturers equipped with providing a wide range of specification creating a huge opportunity for players to enhance their product offerings and attracts more number of customers.

Textile Transfer Paper Market Landscape

Hansol Paper Co., Ltd., Sappi Limited, Guangdong Guanhao High-tech Co., Ltd. are the top players operating in the textile transfer paper market. Furthermore, Neenah Coldenhove Holding B.V., and Felix Schoeller Group, NanJing Hanrun Paper Industrial Co., Limited and Kaspar Papir are also some of the noticeable players in the textile transfer paper market. The Tier 3 players in the market hold 55-65% in the global textile transfer paper market. In conclusion, key players contribute almost 35-45% of the global market.

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Anti-Pollution Skin Care Products Market Size, Growth Opportunities, Industry Potential, Segmentation Overview, Trends And Forecast Studies 2031

Natural substances used in cosmetics and toiletries are in high demand, and this trend is predicted to continue. The organic beauty craze is part of a bigger shift in consumer consciousness about health, wellbeing, and the environment that has occurred in recent years. Companies are replacing synthetic chemicals with natural substances in line with the trend, partly due to customer demand and partly due to a shift toward sustainable raw materials.

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Chemical-free cosmetics are becoming more popular as people become more aware of their negative consequences. Customers are increasingly looking for products that are both natural and healthy at a reasonable price. Aside from increased disposable incomes, there has been an increase in allergy cases as more chemical-based items enter the market. With greater exposure to chemical-based beauty products, people are experiencing a variety of allergies. People with sensitive skin generally avoid using such products, resulting in an increase in demand for high-end anti-pollution care solutions.

Probiotic skincare is in high demand due to a preference for organic ingredients and the popularity of probiotics in the food and beverage industry. This opens up the possibilities for the cosmetics and personal care sector, as well as a lot of room for growth in the worldwide anti-pollution skin care products market.

According to a recent report by Future Market Insights (FMI), the anti-pollution skin care products market is expected to surpass a valuation of US$ 13.3 Bn at a CAGR of over 7.3% through 2031.

The FDA in the United States is now examining scientific data to determine the safety of pro-biotics and post-biotics. Pentavitin (US only) targets Staphylococcus epidermidis prevalent in the scalp microbiome to moisturize the area and alleviate dry skin, and DSM is one of a few companies investigating into the benefits of this medicine. Syn-Up (US only) is another DSM product, a peptide component that interacts with the skin microbiome to address dry skin problems and skin redness.

Key Takeaways from the Anti-Pollution Skin Care Products Market Study

High-performance skincare for pre-teens is expanding the roots of personal care market globally.
In terms of product type, facial scrubs & toners are expected to hold a noteworthy revenue share of 25.1% in 2021 due to increasing skin issues such as dryness, dark spots, wrinkles, and others.
In terms of nature, natural & organic anti-pollution skin care products marks as the prominent category due to the rising trend of organic ingredients such as turmeric, aloe vera which are chemical free.
The U.S. holds a noteworthy value share of 79.0% in North America owing to the rapid upsurge in the number of anti-pollution skin care products in recent years.
Thailand is a key market in South Asia reflecting a CAGR of 10.5% owing to higher spending on premium products in the country.

Impact of COVID-19 on the Market

The novel coronavirus outbreak has caused an economic downturn by disrupting corporate operations in a variety of industries. The retail sector has taken a beating. A temporary difficulty for market participants is the decline in overall discretionary spending levels. The manufactures in the industry are focused to expand their product offerings and enhance their product portfolio even focused on improving online penetration, as this provides an opportunity to the players to access a wider consumer base at once within minimum costs.

Who is winning?

Leading manufacturers of anti-pollution skin care products are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of anti-pollution skin care products globally.

Major players present in the anti-pollution skin care products market are Procter & Gamble Co., Beiersdorf AG, Unilever PLC, Avon Products Inc., The Estée Lauder Companies Inc., L’Oréal S.A., Kao Corporation, Colgate-Palmolive Company, Avon Products, Inc., Shiseido Company, Amway, among others.

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Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

China Industrial Hoses Market Size Estimates and Forecasts by Region, Growth Rate and Trend Analysis by Types and Application 2021 to 2031

Sales of industrial hoses in China are set to be valued at US$ 986.5 Mn in 2021, with a steady long-term projection, according to latest data by Future Market Insights. The report estimates the market to expand at over 7% CAGR from 2021 to 2031.

Steady demand from the automotive industry and energy applications drives sales. The need for transporting media from one destination to another seamlessly and conveniently is a supporting factor driving the market from 2016-2020.

The demand for industrial hoses witnessed a slight dip in 2020 due curbs on production and subsequent supply chain activities owing to the COVID 19 pandemic. China witnessed a rebound in the GDP growth rate of 3.2% by Q2 end, with an industrial sector growth rate of over 8% as compared to 2019.

The sales of industrial hoses in China are also understood to have risen with demand from its domestic market commanding over 55% of the nation’s total sales and consumption. The export curbs are also likely to be eased in the upcoming years.

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The oil and gas industry is considered as one of the prominent users of industrial hoses. Crude oil and gas being corrosive in nature may erode linings and will call for regular installment of hoses, thus driving the sales of replacement units. Superior grade materials such as composites, polymers, and steel is expected to augur the sales of industrial hoses to a high degree.

Advent of cryogenics in HVAC, industrial air separation plants, and medicine has necessitated the use of industrial hoses under extreme pressure and temperature. Steel and braided hose types have been preferred for the same. The demand is likely to be propelled by the medical and life sciences sectors incorporating cold storage systems and cryogenics.

Key Takeaways from Market Study

China has an estimated share of 9.1% of the global industrial hoses market and close 30% of regional market consumption owing to the country’s high manufacturing output.
Lubricant hoses to hold the lead with US$ 166.1 Mn in 2021 owing to extensive use in automotive applications.
Plastic and polymer hoses account for over 33% of the value share in 2021, owing to cost and durability benefits.
Energy applications to account for US$ 148 Mn in 2021, driven by investments in energy infrastructure upgrades.
Leading provinces in China are estimated to contribute over 40% of the overall market consumption at 1.1 X of the overall CAGR.

Competitive Landscape

The market is highly fragmented, with key players accounting for slightly more than one-fifth of the market share. These players are likely to invest in developing new materials and expansion of their clientele in various industries to enhance their product portfolios.

Some of the key players in this industry are Parker Hannifin Corporation, Tiger Polymer Corporation, Continental AG, Eaton Corporation, Rehau Group AG, Balflex LLC, Trelleborg AB, Kuriyama Holdings Corporation, and Qingdao Everflex Rubber & Plastic Co., Ltd. amongst others.

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Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Aircraft Tube and Duct Assemblies Market size, Insights, Prospects, Growth Trends, Key Trends, Opportunities and Forecast until 2029

Passenger traffic in the aircraft industry continues to register growth rates above historical averages, supported by the reduced price of travel and increasing middle-class population in developing markets. This rise is playing a crucial role in driving the growth of the global aircraft tube and duct assemblies market.

The global aircraft tube and duct assemblies market is projected to expand at a CAGR of 4% during the forecast period of 2019-2029.

Key Takeaways of Aircraft Tube and Duct Assemblies Market Study

Aerospace industry is increasing the usage of aluminum in aircraft tube and duct assemblies, as aluminum is a lightweight and high-strength material. In the global aircraft tube and duct assemblies market, aluminum holds approximately one-third market share.
Tier-I manufacturers operating in the global aircraft tube and duct assemblies market are Eaton, Exotic Metals Forming, Leggett & Platt, Incorporated, and PFW Aerospace GmbH. On the other hand, AMETEK. Inc., Smiths Group PLC, Sigma Precision Components Ltd., and some other players are estimated to stand in the tier-II bracket in the global aircraft tube and duct assemblies market.
Key players are focusing on the expansion of their footprints by establishing manufacturing units and distribution channels in various regions.
Global defense spending is at a high record. The biggest spenders on defense are the U.S., China, France, Saudi Arabia, and India. Implementation of advanced, combat, and stealth-based aircraft procurement programs has augmented military spending, worldwide. This growing trend is expected to upsurge the demand for aircraft tube and duct assemblies.
Development of lightweight materials and increasing sales of aircraft are anticipated to drive the growth of the market over the forecast period.

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Market Landscape Moving towards Consolidation

The aircraft tube and duct assemblies market is expected to be dominated by tier-I manufacturers, who hold more than 50% share of the global market. Prominent players involved in the global aircraft tube and duct assemblies market are shifting their focus on repair solutions rather than replacement products with full-service. This has resulted in providing approximately 50 percent or more cost reduction.

What Does the Future Hold?

The aircraft market in the Middle East has witnessed high growth and development over the past few years. For instance, wide body aircraft are anticipated to see more prominence in the Middle East. This growth is predominantly driven by the region’s development as an aviation hub. This has consequently created immense opportunities for the sales growth of the aircraft tube and duct assemblies market in the region.

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Comprehensive analysis on evolving purchase pattern across different geographies
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Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Formalin Market Analysis by Growth, segmentation, performance, Competitive Strategies and Forecast to 2027

Formalin is a solution of formaldehyde in water, which generally contains 40% formaldehyde by volume or 37% formaldehyde by mass. In Formalin, a small amount of methanol, which acts a stabilizer, is added to suppress polymerization and oxidation. Generally, formalin contains 10% – 12% methanol depending on the grade.

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Formalin is an explosive, flammable, toxic and colorless liquid. Formalin vapor combines with air to form an explosive compound. Therefore, high safety and attention is essential while working with Formalin. Formalin is transported in stainless steel and aluminium rail tanks,rain barrels, tank cars and polyethylene barrels or cans. It acts as a disinfectant and is used as a hardener in nail paints to strengthen and harden natural nails. It also acts a fixative (preservative), which prevents the autolytic decomposition of human tissue that has been removed by surgery. Formalin is used as a preservative for tissue worldwide. It is used in a number of industries, such as paper, paint, textile, construction and plastic chemicals. Formalin containing 15% methanol is applied on fish to inhibit the formation of paraformaldehyde. In India, the use of formalin in any kind of food products, expect milk product samples used for analytical purposes, is prohibited.

Formalin Market: Dynamics

The growing trend of antique furniture and wood based floors, walls, etc. is increasing the consumption of plywood, wood panel board products and particleboard. This, in turn, is leading to an increase in the consumption of adhesives and is thereby impacting the formalin market positively.

The growing demand for food is spurring growth of the agricultural industry, which in turn is expected to drive formalin production. The increasing interest of people towards maintenance of houses and buildings is surging the consumption and application of paints & coatings, varnishes, enamels, etc. This is expected to lead formalin consumption and propel growth of the formalin market during the forecast period.

The use of formalin in food products for preservation is expected to pose a restraint in the growth of the formalin market. For instance, the Bangladesh Government has passed a bill for the hoarding, production and import of formalin without license. Formalin can be disposed through a proper chemical waste disposal system whereas Formalternate can be disposed normally.

Formalin Market: Regional Outlook

Asia Pacific, especially emerging economies, such as India and China, are expected to witness growth in the formalin market. This can be attributed to the growing population in these countries. The increase in population is necessitating increased food production and, in turn, putting pressure on farmers, who are consuming higher amounts of fertilizers and thus, fueling the market. North America and Europe are expected to witness significant growth in the formalin market due to the presence of numerous drug and dye industries in the region, which are expected to accelerate the consumption of formalin during the forecast period.

The formalin markets in Middle East and Latin America are expected to witness growth during the forecast period due to anticipated growth in the Latin America agricultural industry and the increasing number of construction projects in the Middle East and Africa region is also reflecting positive growth in the use of wood products, which in turn is surging the consumption of formalin.

Formalin Market: Market Participants

Examples of some of the market participants in the formalin market are:

Balaji Formalin
Georgia-Pacific Chemicals
Sumitomo Chemicals
Editas Medicine
Fish Vet Forward
Thermo Scientific
Mirus Bio LLC
Merck KGaA
MarketLab, Inc.,
Shiny Chemical Industrial Co.,
Kronochem Sebes SR

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Automotive Chain Sprockets Market Size (Value & Volume), Future Trends, Opportunities and Sales Channels, Forecast 2027

An automotive chain sprocket or an automotive sprocket-wheel is a specific wheel type with teeth or cogs, which intermesh with a chain, track or other perforated or indented material. Automotive chain sprockets are in fact a wheel type on which radial projections allow a chain to pass over them. Automotive chain sprockets are different from a gear in their design. Sprockets are never meshed together directly. They are also different from a pulley in terms of their design – sprockets have teeth whereas pulleys are smooth. Regarding vehicles with caterpillar tracks, the engine driven, toothed wheel transmitting motion to the caterpillar tracks is known as the drive chain sprocket. It is located at the front or back of the vehicle. There could also be a third, automotive chain sprocket which is elevated, and drives the track.

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Automotive chain sprockets find important applications in automotive manufacturing across industry’s various business segments, such as in the manufacturing of cars, tracked vehicles, motorcycles, bicycles and other automotive products. This is so because automotive chain sprockets play an important role in transferring rotary motion between two shafts in cases where gears are found to be inappropriate for transmitting linear motion to a track or tape. Automotive chain sprockets have been instrumental in facilitating the motion of primitive automobiles, which are mostly driven by the sprocket and chain mechanism. In bicycle manufacturing, automotive chain sprockets are carried by the pedal shaft and drive a chain, which in turn, drives a small sprocket on the axle of the rear wheel – an important action for the bicycle’s movement.

Considering these important aspects of applications of automotive chain sprockets, the study of the automotive chain sprockets market becomes an important read.

Key Trends and Drivers

Sprockets come in various designs. Manufacturers claim that almost every design ensures maximum efficiency. Sprockets typically do not have a flange. However, some sprockets used with timing belts have flanges to keep the timing belt centered. Sprockets and chains are also used for transmission of power from one shaft to another where slippage is not admissible. In such cases, sprocket chains are used instead of belts or ropes and sprocket-wheels instead of pulleys. They can be run at a high speed and some forms of chain are so constructed as to be noiseless even at high speeds.

Automotive chain sprocket manufacturers have been focusing on developing improved variety of designs. Designers of new automotive sprocket designs have been claiming high efficiencies for their respective designs, as part of their marketing strategy. Also, manufacturers have been keen on product development so as produce increasingly light weight automotive chain sprockets with an effort to improve fuel efficiency. Better transmission, low noise levels during functioning, almost zero slippage with regard to the automotive chain sprocket assembly and use of superior grade materials in automotive chain sprocket products have been the focus points of manufacturers. Steel sprockets have been gaining increasing importance as they display higher tensile strength vis-à-vis cast iron sprockets. This trend has also been emphasizing the importance of the material of construction used for automotive chain sprockets.

Market Participants

Examples of the market participants in the automotive chain sprockets market are as follows:

S. Tsubaki Power Transmission, LLC
KMC Automobile Transmission
Rockman Industries Ltd.
Felix Enterprises
Madras Chain Corporation
KettenWulf Betriebs GmbH
HangZhou DongHua Chain Group Co., Ltd.
Schaeffler Technologies AG & Co. KG
Silcoms
MicroPoly
SKF

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Butyl Acrylate Market Trends, Strong Application Scope, Key Players, Growth Overview and Forecast by 2027

Butyl Acrylate falls under the category of unsaturated hydrocarbons. Butyl Acrylate is available in clear colorless liquid and having a characteristic fruity odor, colorless and hygroscopic crystalline solid. Furthermore the butyl acrylate is soluble in organic solvents but shows limited solubility in water, also exhibit less density than water. Butyl Acrylate can readily polymerized and further exhibits wide range of properties depending upon the reaction condition and monomer selection. Butyl acrylate is manufactured and formulated by different process and reaction such as carbon monoxide, nickel carbonyl, acetylene and butyl alcohol reacts together to make butyl acrylate. Commercially butyl acrylate is available in different types and formulation and manufactures tailor-made the formulation according to the end user needs. Butyl acrylate found adoption on large scale in different application such as formulation of adhesives & sealants, paint & coatings, plastic processing, textile and also used in water treatment application. Furthermore, butyl acrylate is commercially used for the formulation and synthesis of co polymers and homopolymers such as acrylic acid and its esters, salts, amides and unsaturated polyesters. The different concentration of the monomer during the formulations of butyl acrylate based acrylic polymers enables the excellent properties such as low temperature flexibility, superior sunlight and weathering resistance & better water resistance. These properties makes the solution as a material of choice in paint & coating formulation. Butyl acrylate also used in cleaning products, paper finishes and antioxidant agents. The double bond present in the compound enables quick reactivity and also allows this product to be adopted as a chemical intermediary.

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Butyl Acrylate Market: Drivers and Restraints

In last few years, an increase in the production & consumption of Butyl Acrylate for numerous application has been witnessed and a similar roadmap and trend is expected to follow in the coming years. The introduction of renewable and innovative procedures of production coupled with growing demand in the petrochemical industry is estimated to influence market evolution positively. Infrastructural developments changing lifestyles, and growing disposable incomes have headed to an increase in refurbishment and renovation activities and construction plans, which have pushed development in this application. Moreover, the increase demand and considerable booming in the automotive industry, and mounting industrialization in all emerging countries have also pushed growth in the paints & coatings market. Innovative approaches of production have made possible the recycle of such compounds and has succeeded to decrease the costs and possible hazards accounted during its manufacturing and application. This will help the growth in the market for long term. Moreover increase in production of butyl acrylate with advanced newly developed technology by the major shareholders present in the value chain helps in driving the growth over the forecasted period. Also, there has been increase in R &D activities by the manufactures has been witnessed which enables the usage of the butyl acrylate based product in different novel applications. However, there is a probability for an oversupply of the butyl acrylate in the industry due to too much capacity building by manufacturers initiating a demand-supply gap and therefore dropping prices for the final product. Furthermore, stringent government guidelines about the disposal and production of the compound owing to its non-bio-degradable property is likely to dent the industry growth over the forecast period.

Butyl Acrylate Market: Region Wise Outlook

The global Butyl Acrylate market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2016, the growth in developed regions such as Western Europe, Japan and North America will be driven by the expansion of industries like automotive, and construction. The APEJ and Latin America region will also register rapid growth due increasing demand for adhesives and resins and increase in manufacturing units mainly in the emerging economies such as China and India. In addition increasing populations and disposable incomes which are prominent factors for the high growth of the end-use industries. MEA is also projected to also expand with a significant CAGR over the forecast period.

Examples of some of the market participants in the global Butyl Acrylate Market identified across the value chain include:

Basf
Arkema
Dow Chemicals
Mitshui Chemicals
Nippon Paints
Toagosei Co., Ltd.
LG Chem Ltd.
Sasol Limited
Hexion Inc.
Wanhua Chemical
Shenyang Chemical Co Ltd.

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Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario