Metalworking Fluids Market is poised to total US$ 9.6 Bn in 2021, expanding at a 3.7% CAGR.

As per the newly released data by Future Market Insights, the global metalworking fluids market is poised to total US$ 9.6 Bn in 2021, expanding at a 3.7% CAGR.  Demand for removal fluids is projected to rise at 3.5% to top 1,354,497 Tons in terms of volume, while the forming fluids segment is expected to grow at 2.7% to total 772,256 Tons.

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Increasing adoption of lightweight materials in high performance applications, especially in the automotive industry is spurring demand for metalworking fluids. Manufacturing of complex geometrics with lightweight metals requires proper lubrication, which in turn is boosting sales of metalworking fluids.Increasing adoption of metalworking fluids for the production of key metal components in the transportation equipment and heavy machinery industries will continue augmenting market growth.

Growing preference for lightweight metals such as aluminum, copper, and zinc in production of complex components used in high performance applications is anticipated to boost sales of metalworking fluids over the forecast period.

Rapid urbanization and population growth are leading to a surge in demand for private transportation vehicle and increased spending on public transport. The automotive industry has been a key beneficiary of this trend, as automotive sales continued increasing in developing countries such as China, India, Saudi Arabia, and ASEAN nations.

Similar growth has been recorded in these markets for public transportation facilities such as metro trains, resulting in high demand for metalworking fluids in the automotive and transportation sectors.

However, various stringent regulations regarding the usage of harmful synthetic chemicals are restricting the market growth. To counter this issue, manufacturers are investing in research and development activities to develop eco-friendly lubrication solutions.

Emergence of bio-based fluids, and other multifunctional fluids to reduce incompatibility will continue providing tailwinds to metalworking fluids sales in the forthcoming years.

Key Takeaways from Metalworking Fluids Market Study

  • Transportation equipment is the leading consumer of metalworking fluids, accounting for and more than half of the overall metalworking fluids produced.
  • Sales of straight oils are projected to increase by 3.1% year-over-year in 2021.
  • Based on product type, sales of metal removal fluids are projected to command over 50% of the total metalworking fluids market share.
  • The U.S. will continue dominating the North America metalworking fluids market, growing by 3.0% year-over-year rate in 2021.
  • Demand for metalworking fluids in Germany is anticipated to rise at a 3.5% CAGR through 2031.
  • China will emerge as a lucrative metalworking fluids market, expanding at a 5.1% CAGR over the forecast period.
  • Japan and South Korea will collectively account for 9.7% of the total metalworking fluids market share.

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“Increasing sales of lightweight automotive such as electronic vehicles (EVs), along with innovations in fluid blends to cater to diverse industrial requirements will continue pushing the sales of metalworking fluids over the forecast period,” says the FMI analyst.  

Metalworking Fluids Market: Participant Insights                                               

Key players operating in the global metalworking fluids market comprise ExxonMobil Corporation, Idemitsu Kosan Co. Ltd., Quaker Chemical Corporation, FUCHS Petrolub SE, TotalEnergies SE, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Cimcool Industrial Products LLC, and Metalworking Lubricants Company.

As per FMI’s analysis, top 5 players including Quaker Chemical Corporation, ExxonMobil Corporation, TotalEnergies SE, Idemitsu Kosan Co. Ltd. and BP plc. are projected to account for 45-55% of the total metalworking fluid market share.

In efforts to gain a competitive edge, leading players are focusing on research and development to launch new and innovative products that are more efficient and comply with various stringent regulations. In addition to this, collaborations, mergers, and acquisitions will remain effective growth strategies among players over the assessment period.  For instance:

  • In 2021, Quaker Chemical Corporation announced the beginning of a new joint venture with Grindaix GmbH, which is a German provider of high-tech coolant control solutions and delivery systems.
  • In 2021, Idemitsu and IHI Corporation announced that they had concluded a joint agreement to establish a supply chain network for ammonia.

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More Insights into the Metalworking Fluids Market Report

In its latest report, FMI offers an unbiased analysis of the global metalworking fluids market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of category (straight oil, emulsified oil, semi-synthetic oil, and synthetic oil), product type (removal fluid, protection fluids, forming fluids, and treating fluids) end-use type (metal fabrication, heavy machinery, transportation equipment, and general manufacturing) and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

GaN Power Devices Market Global – Growth, Statistics, By Application, Production, Revenue & Forecast To 2027

A report triggered by Future Market Insights (FMI) states that the global GaN power devices market compresses several expansions and in addition mid-level sellers, owing to number of lucrative open doors in the market. According to the report, the global GaN devices market is estimated to witness expansion at double-digit CAGR throughout the assessment period (2017-2027).

Gallium Nitride (GaN) is the material, which is used for the manufacturing of semiconductor power devices as well as light emitting diodes and RF components. GaN has demonstrated the capability to be the displacement technology for silicon semiconductors in power conversion, analog applications and RF.

GaN is widely used in transistors and due to its enhanced properties such as high thermal conductivity, high voltage potential and large critical fields, these devices offer high switching frequencies and high power density enabling transistors to operate at high voltage levels. These transistors have applications in various fields and provide good results, which is another factor driving market growth.

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Japan to Remain Dominant in Global GaN Power Devices Market

The hardware industry in Japan is the prominent purchaser of the gadgets ventures across the globe. With a huge income share, demand for semiconductors is high and GaN power devices are being decreased, effective and with low capacitance, overtake nearly limiting vitality misfortunes amid charging and releasing. This factor is likely to increase demand for GaN products and in this manner market will gain momentum.

gan power devices market

 

GaN has wide application as a part in transistors and due to its enhanced properties, for instance, high warm conductivity, high voltage potential, substantial basic fields, these gadgets deliver high exchanging frequencies and better power thickness empowering transistors tofre work at high voltage levels. Such type of transistors have many uses in various in different fields and provide better outcomes, this is another driving factor influencing growth of the market. A best example for it is- a IT gear producing organization situated in Japan, Fujitsu Limited, in Jan 2016, built up a GaN high-portability transistor power developer with significant yield execution of the world for wideband remote broadcasts, that was 1.8X more noteworthy than some time recently, permitting over 30% more prominent range foe a fast remote system.

Increasing developing work activities in GaN substrate in charge of the development of the Japan GaN power devices market. Owing to GaN innovation highlights, for example, scaling down, high breakdown voltage, high exchanging recurrence, demand for GaN power devices has been propelling and continuous research has been finished by inquiries of focuses in Japan and incremental competences of GaN. Moreover, couple of years ago, a team of specialist from the institute of Industrial science at the Tokyo University discovered other innovation for manufacturing GaN LEDs on the crystal substrate. Costs for fabrication can be cut down along with actuating OLED light boards, with implementation of this improvement.

Restraints

However, shrinking path of the semiconductor is the key factor that is limiting the growth of the GaN power devices market. Problems associated with present assembly and interconnect technologies are growing with expanding high current density in GaN devices. The major problem consist of low impedance interconnects, higher thermal resistance and lower thermal capacitance per chip requiring more chip temperature and better thermal interconnects. The requirement for handling present densities per package and the similar heat flow generating by smaller footprints to be removed from the ambient atmosphere is also increasing. Such factors are anticipated to remain key challenge for growth of GaN market in Japan region.

Market segmentation

By Technology

  • 4H-SiC MOSFET
  • HEMT
  • Others

By Wafer Material

  • GaN SiC
  • GaN Si

By Wafer Size

  • Less than 150mm
  • 150mm-500mm
  • More than 500 mm

By Industry

  • Consumer Electronics
  • Energy & Utilities
  • Automotive
  • IT & Telecom
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

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Competitive Landscape

Several leading players operating in the market that are profiled in the report include Texas Instruments Incorporated, Qorvo, Inc., Infineon Technologies AG, Toshiba Corporation, Panasonic Corporation, and NXP Semiconductors N.V. The market is anticipated to witness section of acute number of GaN power gadget sellers in foreseeable period, increasing the opposition. Some other prominent players in the market, that have huge contribution in the growth of the market are POWDEC, GaN Systems Inc., Wolfspeed, Inc., EXAGAN,Transphorm Inc., AIXTRON SE, STMicroelectronics, IQE PLC, and Efficient Power Conversion Corporation.

Conveyor System Sales to Surpass 16,000 Units by the End of 2031 As Overhead Conveyor System Gains Traction in Automotive Industry: FMI

The conveyor system market saw steady growth in 2021 with worldwide revenues up 3.5% year over year. Future Market Insights (FMI) has forecast the conveyor system market to reach US$13.7 billion in 2021 at a CAGR of 4.5%, backed by increasing mergers & acquisitions by Tier-1 companies and integration of machine learning and internet of things in material handling solutions.

Conveyor systems demand s significantly increasing from the mining industry. Mining requires transportation and handling of large volume of heavy goods and debris. Low cost of conveyor system and minimum maintenance make them ideal choice for long distance transportation.

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Rising per capita income and rapid economic growth in developing countries like India and Brazil are driving the manufacturing industry. This coupled with automation in fast-moving consumer goods (FMCG), baggage handling, and manufacturing industries will positively influence the market growth over the forecast period.

Industries are looking towards optimizing their manufacturing process to improve efficiency and production rate. This has encouraged advancements in conveyor system development and integration of automation in material handling system.

Automated conveyor systems eliminate human error, improve safety and boost the production volume with high repeatability. Owing to such benefits, companies are adopting modern conveyor system for material handling processes.

Surge in online retailing activities along with increasing demand for high quality goods will drive the adoption of conveyor and sortation systems in the retail industry. Companies are installing conveyor system to optimize warehouse spacing, sorting and cross-docking products, and automating their distribution process. Increase in online shopping in India, China, Brazil, and Chile will positively influence the market growth in upcoming years.

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Key Takeaways from FMI’s Conveyor system Market Study

  • North America conveyor system market is forecast to expand at 3.5% CAGR due to rapid growth in online retail sector.
  • Growing adoption of automation in automotive and manufacturing industry, surging mining and construction activities along with growing e-commerce industry in the U.K. and Germany are the key factors driving the market in Europe.
  • Population surge, increase in demand for processed food, and presence of e-commerce giants like Alibaba group will drive the demand for conveyor systems in FMCG and packaging industries in China.
  • India is expected to offer lucrative opportunities as home to one of the leading the retail sectors after U.S. and China. Steady consumer demand and rising investment towards expansion of retail infrastructure will boost the demand for advanced material handling systems, such as conveyor systems.

 “Increasing penetration of automation in material handling and distribution system and increase in number of supermarkets and distribution centers will boost the demand for conveyor system in upcoming years,” says the FMI analyst.

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Who is Winning?

Future Market Insights discusses the key trends shaping conveyor system market and highlights the strategies adopted by leading market players in the study.

Top players, including Daifuku Co., ltd., Schaefer Systems International, Inc., Interroll Holding AG, BEUMER GROUP, and Dematic Company accounted for 23.5% of the market in 2020. Some of the leading companies are investing in research and development activities to drive product launches.

For instance, SideDrive Conveyor Co. launched configurable side drive conveyor system in January 2021 for modular sanitary applications.

In response to pandemic, Multi-Conveyor collaborated with East Coast representatives to develop a hand-pack conveyor system to effectively follow social distancing in work place and launched “Barrier Spaced Conveyor” in July 2020.

Dürr Group introduced automated guided vehicle designed for paint shops as a part of its intelligent production initiative in May 2019.

Prominent players operating in the conveyor system market are:-

  • Daifuku
  • BEUMER GROUP
  • Interroll Holding AG
  • Murata Machinery
  • Schaefer Systems International
  • Dürr Group

Internet of Things (IoT) Security Product Market: High State Of Affairs, SWOT Analysis, Business Summary & Forecast 2027

The global Internet of Things (IoT) Security Product market is estimated to grow from USD 12 Bn in 2017 to USD 48 Bn by 2027, expanding at a CAGR of 14.9% during 2017 to 2027.

The emergence of players and the rise in launch of IoT security offerings are likely to boost the market. The increasing number of service providers is also enhancing the growth of the industry.

The smart grid segment is anticipated to witness the maximum growth during the review period. The on-going development in smart grid application is likely to augment the market.

The East Asia Region has been predicted to acquire the forefront position in the IoT Security market due to the increasing usage of IoT-enables smart connected devices.

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Future Market Insights forecasts revenue from the global IoT security product market to increase from US$ 12 Bn in 2017 to about US$ 48 Bn by 2027 end, representing a CAGR of 14.9% from 2017 to 2027. This increasing revenue growth is attributed to continuous launching of IoT security offerings and emergence of niche players in the market. Moreover, an increasing number of service providers is also supporting revenue growth of this market.

Key Takeaways of Internet of Things (IoT) Security Product Market Study

  • Among the application segment, the smart grid sub-segment is expected to witness a high growth rate during the forecast period, owing to the security and privacy considerations for IoT application on smart grids.
  • East Asia is expected to create lucrative growth opportunities for players in the Internet of Things (IoT) Security Product market, due to increasing number of projects implemented by using IoT tools and data sets, in the countries of this region.

internet of things (IoT) security product market

Increasing Adoption of Internet of Things (IoT) Security Product Market amid the COVID-19 Pandemic outbreak

The COVID-19 pandemic outbreak has disrupted many industries, such as the Internet of Things (IoT) security product market. Many private, as well as government organizations, have allowed their employees to work from home amid the lockdowns, which has created the need for monitoring the network security proactively, as people are remotely connected consuming enterprise resources and sharing documents using collaboration tools. For Instance, East Asia accounted for 42% of the total installed connected devices such as smart meters, and among others, in 2019, which is estimated to increase in the forecast period for remote monitoring of the infrastructure during times of such pandemic. Business is increasingly adopting security solutions to manage such security risks in the new home-working environment. Amid the COVID-19 pandemic, there has been led IoT healthcare security solution providers to quickly render solutions for combatting the increasing demand for a high-quality solution for protection against the COVID-19 virus. The growth of the Internet of Things (IoT) security product software solutions will be profoundly impacted in different application, such as Machine-to-Machine (M2M) communication, Vehicle-to-Vehicle (V2V) communication, and among others.

Adoption of IoT devices in the medical sector

Enterprises are required to upgrade their health IT infrastructure for shifting to the Internet of Things and to keep up with increasing adoption of connected medical devices. This technological advancement enables patients and service providers to enable more efficient management and security measures of information and data in the healthcare sector. At the same time, adoption of connected devices has loop-holes for hackers to steal data such as patient records and also conceal services being offered by healthcare service providers. As a result of such cyber threats, healthcare organizations adopting connected medical devices also prefer adopting cyber security solutions.

Internet of Things (IoT) Security Product Market: Segmentation

By Component

  • Hardware
  • Software

By Deployment Type

  • End-point or Device Security
  • Network Security
  • Identity and Access Management
  • Vulnerability Management
  • Messaging Security
  • Web Security
  • Others

By Application

  • Machine-to-Machine (M2M) Communication
  • Smart Grid
  • Home and Building Automation
  • Wearable Computing Devices
  • Vehicle-to-Vehicle (V2V) Communication

By Verticals

  • Consumer Goods and Retail
  • Manufacturing
  • Transportation and Logistics
  • Healthcare
  • Energy and Utility
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

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FREQUENTLY ASKED QUESTIONS ABOUT INTERNET OF THINGS (IOT) SECURITY PRODUCT MARKET

What are the future prospects of Internet of Things (IoT) Security Product market?

Growing number of devices connected to each other via IoT has resulted in increasing vulnerability in terms of security of the entire IoT ecosystem. Increasing intensity of cyber-attacks on IoT networks and devices has prompted solution providers to focus more on security aspects, which is driving market demand for IoT security solutions globally.

What are the major challenges for Internet of Things (IoT) Security Product Market?

Although a number of governing authorities have issued guidelines to be followed by IoT device manufacturers so as to protect against cyber-attacks on IoT networks and devices, many device manufacturers and users are not strictly adhering to these guidelines and taking precautionary measures.

Which application will have significant revenue growth in the next five years?

The smart grid application has been considered as largest revenue growth in the next five years due to continuous development of the IoT and innovation and encouraging adoption and use of evolving technologies in smart grid application.

What are the major opportunities for Internet of Things (IoT) Security Product market?

Increasing demand for endpoint security solution for IoT devices, which is a major opportunities for the Internet of Things (IoT) security product market

Which region is expected to be at forefront in the Internet of Things (IoT) Security Product market?

Increasing number of IoT- enabled smart connected devices, which is, in turn, boosting the growth of the Internet of Things (IoT) security product market in East Asia region.

Who are the major companies leading Internet of Things (IoT) Security Product market?

Prominent companies in the Internet of Things (IoT) Security Product market includes International Business Machines Corporation, Cisco Systems, Inc., Intel Corporation, Check Point Software Technologies, Trend Micro Inc., Infineon Technologies AG, Symantec Technology Ltd., Sophos Group Plc., Palo Alto Networks, Inc., Arm Holdings, and among others.

Set Top Box Market: Development History, Current Analysis and Estimated Forecast to 2027

Set-top box market will register year-on-year growth at 11%, with the overall valuation expected to reach US$ 28 Bn in 2021. As per the study, demand for set top boxes is expected to rise at 9% CAGR between 2021 and 2031.

Increasing production and sales of smart television across the U.S., India, and Malaysia will improve the demand for set top boxes. Regionally, Asia Pacific excluding Japan (APEJ) and North America are expected to dominate the global set-top box market, collectively accounting for 55.7% of global market share.

Growing demand for high-definition videos and powerful interfaces with advanced technology will propel the sales of high-definition set-top boxes, as per FMI. The set-top box market will represent over 10% of sales in the global digital broadcasting industry.

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Segmental forecast of the global set-top box market

The global set-top box market is segmented on the basis of product type (Cable Set-Top Boxes, Satellite Set-Top Boxes, IPTV Set-Top Boxes and OTT (Over the Top) Devices) and by video quality (Standard-Definition Set-Top Boxes, High-Definition Set-Top Boxes).

  • In the year 2017, the satellite set-top box segment is estimated to be valued at US$ 8,458.1 Mn and is expected to register a CAGR of 8.1% during the forecast period
  • The OTT devices set-top box segment is estimated to be valued at US$ 3,039.1 Mn in the year 2017 and is forecasted to touch a value of US$ 3,406.0 Mn in the year 2018, reflecting a year-on-year growth rate of 12.2%
  • In the year 2017, the SD set-top box segment is estimated to be valued at US$ 5,377.8 Mn and is expected to register a CAGR of 5.1% during the assessment period
  • The HD set-top box segment is estimated to be valued at US$ 16,891.0 Mn in the year 2017 and is forecasted to touch a value of US$ 18,532.1 Mn in the year 2018, reflecting a year-on-year growth rate of 9.7%
  • In 2017, the North America set-top box market is estimated to be valued at US$ 5,748.4 Mn and is projected to reach US$ 9,942.0 Mn by the end of 2027. The market in North America is expected to represent incremental opportunity of US$ 4193.6 Mn between 2017 and 2027
  • In 2017, the APEJ set-top box market is estimated to be valued at US$ 6,652.4 Mn and is projected to reach about US$ 16,703 Mn by the end of 2027. The market in APEJ is expected to represent incremental opportunity of US$ 10,050.3 Mn between 2017 and 2027

set top box market sector region wise plc position and notable trends 2021 2031

Global Set-top Box Market Forecast 2017-2027

Future Market Insights predicts the global set-top box market to be valued at about US$ 22,269 Mn by the end of 2017 and will continue to grow at a CAGR of 7.5% during the period of study to reach a market valuation of about US$ 46,091 Mn by the end of the forecast period.

Competitive Landscape

The report profiles some of the top companies operating in the global set-top box market including Humax Co., Ltd., Huawei Technologies Co., Ltd., Kaonmedia Co., Ltd., Technicolor SA ADB (Advanced Digital Broadcast), SA Sagemcom SAS Samsung Electronics Co. Ltd., ARRIS Group, Inc,  EchoStar Corporation, Microsoft Corporation,  ST Microelectronics,  Texas Instrument and Broadcom among others.

Set top box (STB) Market by Category

Product:

  • Cable Set-Top Boxes
  • Satellite Set-Top Boxes
  • IPTV Set-Top Boxes
  • OTT (Over the Top) Devices

Video Quality:

  • Standard-Definition Set-Top Boxes
  • High-Definition Set-Top Boxes

Region:

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

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Key Questions Answered in the Report

  • What is the current value of the global set top box market?

– The global set top box market is expected to reach a valuation around US$ 28 Bn in 2021.

  • At what rate did the global set top box market grow between 2016 and 2020?

– The global set top box market grew at 7.5% CAGR between 2016 and 2020.

  • What are the key trends boosting set top box sales?

– Increasing adoption of smart television, improved standard of living, and advancements in digital broadcast technologies are the factors propelling the sales of set top boxes.

  • What is the total share of top players operating in the global set top box market?

– Top 5 players in the global set top box market are expected to hold around 45% of the total market share.

  • Which are the major countries driving demand for set top box?

– As per Future Market Insights, India, Australia, and Malaysia are identified as key exporters in set top box market.

Bromine Market is growing with a healthy CAGR of 2.7% between 2021 and 2031

According to the latest report by Future Market Insights, the global bromine market is estimated to be worth US$ 2.4 Bn in 2021. With a large share in oil and drilling applications, bromine and its derivatives are seeing high demand growth in the US.

High demand for bromine derivatives and Clear Brine Fluids (CBFs) is seen in the US which is seeing an uptick in drilling and exploration activities for oil.

Despite the ongoing pandemic, players in the bromine market are engaging in smart procurement moves for bromine and its derivatives in order to preserve their margins. Efforts are also being undertaken to secure long-term strategic liaisons by manufacturers with their customers and partners to offtake production and keep plants operational in the interim.

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Key Takeaways of Bromine Market

  • Flame retardants account for the largest share in the bromine market. Despite stringent regulations banning brominated flame retardants, this segment will showcase strong growth through 2031
  • Asia Pacific was the largest regional market for Bromine in 2019. Within this region China accounted for 13% bromine production
  • With high uptake of bromine as a flame retardant in electronics manufacturers are re-shoring to regions within Asia Pacific on back of cost-effective raw materials and cheap labor
  • High recyclability of hydrogen bromide along with virgin bromine brines is upping the overall production of bromine globally

COVID-19 to Compound Challenges of Refiners

Bromine and in particular, the chemicals industry, will feel the impact of COVID-19 in the near term. The bromine market like other major chemical sectors will continue to face supply chain disruptions owing to outbreaks in various regions.

Regions such as Asia Pacific, North America and Europe which have till now remained key producers of bromine may feel the adversarial effects of the pandemic and prevailing uncertainty in capital markets.

Slackening growth in consumer goods, automotive and the construction sector is also impacting the demand for brominated flame retardants in these end-use industries. Refineries producing bromine are facing significant challenges with facility shutdowns.

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Bromine Market – Competitive Intelligence

The market structure for bromine is highly consolidated with leading stakeholders’ producers accounting for three-fourth of the supply. With technological advancements in bromine and its derivatives as well as collaborative ventures between major players, the market is witnessing high growth in pharmaceuticals, construction, electronics and oil & gas.

  • Israel Chemicals Ltd, headquartered at Tel Aviv, is one of the leading players in the market manufacturing elemental bromine. With an estimated capacity of 280,000 MT of bromine per year, the company serves diverse sectors such as construction, pharma, energy and automotive. To reduce its overall operating cost the company looks at establishing new pumping stations in locations around the Dead Sea to maintain bromine production. The company also collaborated with Albermarle Corporation to develop a new generation of polymeric flame retardants with reduced emissions
  • Lanxess AG, headquartered in Germany offers brominated flame retardants which are primarily being used in building insulation. The company recorded a strategic milestone with its acquisition of Chemtura, a US company which has made it one of the most important players in the additive market and has also given it a foothold in urethanes and organometallics divisions

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Want to Know More?

Future Market Insights has published a market research report on the bromine market that contains global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the bromine market through four different segments- product type, source, application, and region. The bromine market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.

 

Wood Charcoal Market Key Players, End User, Demand and Consumption by 2030

A recent report by Future Market Insights (FMI) states that global sales of wood charcoal will value around US$ 20 Bn in 2020. Substantial demand will come from residential sector, especially in developing regions of Asia Pacific, Africa and South America wherein over 2 billion people rely on wood energy for cooking and heating purposes. The study further reveals that cooking and heating in private households make up for about a third of worldwide renewable energy consumption

While emergence of alternative energy sources is hampering market growth, demand from chemical industry for production of chemicals – carbon disulfide, sodium cyanide, and carbon tetrachloride – is reflecting remunerative opportunities.

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Key Highlights

  • Charcoal lumps continue to generate greater revenue through 2030
  • Fuel feedstock to remain primary application area of wood charcoal
  • Adoption of wood charcoal in residential sector to remain over decade ahead
  • Hardwood to account for leading revenue share, tentative to 80%
  • Markets in Latin America and South Asia to offer potential growth avenues

“Food prepared from barbeque charcoal (BBQ) grills offer various benefits such as less oil usage, nutritionally rich food, and low fat. As consumers are following stay-at-home orders, at-home consumption is surging and consumers are showing greater interest for indoor grilling. The trend is well-established in developed regions, in particular,” says analyst at FMI.

COVID-19 Impact on Wood Charcoal Market

While the global wood charcoal market has been facing significant brunt of the COVID-19 pandemic in Q1 and Q2 of 2020 due to trade restrictions, lockdowns, and travels bans, resulting in subsequent drop in demand from several end-use industries such as chemicals, metal and metallurgy, and water treatment plants.

That being said, gradual easing of pandemic-induced restrictions across continents are setting high hopes for wood charcoal manufacturers as these end-use industries are getting back on track.

While the global chemical production declined in every category through Q1 2020, production eventually showed positive signs during Q2 2020, despite negative growth in some categories.

Moving ahead, as the COVID-19 pandemic continues to rage across the globe, governments and organizations are laying greater emphasis on treating wastewater as essential public service to minimize potential impacts on health and surroundings. This, in turn, will further accent the need for wood charcoal wastewater treatment plants.

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Wood Charcoal Market – Competitive Intelligence

The global wood charcoal market is highly competitive, with presence of several players competing with each other to capture bigger revenue share. Majority of leading players are allocating huge investments in R&D to roll out innovative offerings that help step up production efficacy and thus improve their regional presence. Case in point,

  • Greencoal Namibia CC produces pure hardwood lump charcoal made from 100% natural Blackthorn wood. The charcoal offers enhanced lighting characteristics, reduced ash production, and amazing hardwood aroma.
  • Kingsford Products Company develops professional briquettes made with 100% natural ingredients and premium wood char to assure professional-quality results. These briquettes offer better burn and feature low ash formula.
  • Royal Oak Enterprises manufactures pure natural hardwood charcoal briquettes derived from wood, vegetable starch, and contain no additional substances.

Wood Charcoal Market – Key Segment

Wood Type

  • Softwood
  • Hardwood

Product Type

  • Charcoal Lump
  • Charcoal Briquettes
  • Charcoal Powder

Application

  • Fuel Feedstock
  • Reducing Agent
  • Filtration Agent & Gas Masking
  • Decolorizing Agent
  • Gas Masking
  • Sketches & Paints
  • Soil Conditioning
  • Gunpowder
  • Others

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To Know More About Wood Charcoal Market:

A new market research report published by Future Market Insights (FMI) on the global wood charcoal market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the wood charcoal market through five different segments – product type, wood type, end use, application and region. The wood charcoal market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of wood charcoal and product adoption across several end-use industries.

 

Programmatic Display Market : Latest Innovations, Drivers and Industry Key Events Over 2027

The global programmatic display market is expected to register a global CAGR of 35.5% during 2017 – 2027, with North America, Western Europe, and APEJ accounting for significant market value shares by the end of the forecast period.

FMI delivers key insights on the global programmatic display market in its report titled “Programmatic Display Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027.” Growth in the market value of the global programmatic display market will remain attractive as the market is expected to grow continuously at a CAGR of 35.5% in terms of value during the forecast period 2017 – 2027.

On the basis of ad format, the mobile video segment is expected to register attractive growth during the forecast period in the global programmatic display market. On the basis of sales channel, the private marketplaces segment of the programmatic display market is expected to register attractive growth during the forecast period.

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Analysis of the Global Programmatic Display Market

The global annual revenue generated by the programmatic display market was valued at US$ 21,829.3 Mn by the end of 2017, which is expected to grow at a steady pace over the coming years. The developed economies of North America, Western Europe and APEJ are expected to collectively account for a majority share of the global programmatic display market. The North America programmatic display, Western Europe programmatic display, and APEJ programmatic display markets are likely to dominate the global programmatic display market over the forecast period. Among these, the APEJ market is expected to grow with the highest CAGR during the forecast period.

programmatic display market sector region wise plc position and notable trends 2021 2031

Dynamics Impacting the Global Programmatic Display Market

Since past few years, the adoption of programmatic displays has been increasing considerably, especially with reference to the mobile video segment. Almost every industry sector in developed countries is moving towards digitalisation through the adoption of digital technologies and devices for innovation in business processes & revenue-producing opportunities for programmatic displays. Moreover, the adoption of digital devices by clients and their customers to share data with one another is creating avenues for the sales of programmatic displays, which is boosting the programmatic display market.

The private marketplaces segment in the programmatic display market is expected to grow significantly during the forecast period. Opportunities in the programmatic display market are growing continuously, which can be majorly attributed to an increase in the adoption of Video on Demand (VoD), which includes Netflix, Amazon Prime Video and TV catch up services. These platforms are boosting opportunities for brands to digitally advertise videos, and this is positively impacting the programmatic display market.

Global Programmatic Display Market: Key Insights

On the basis of FMI analysis, the mobile video sub-segment of the ad format segment is expected to dominate the programmatic display market followed by the online video segment during the forecast years. On the basis of sales channel, the Real-Time Bidding (RTB) segment is expected to be a dominating segment in the global programmatic display market.

The North America programmatic display market is expected to dominate the global programmatic display market due to high growth in the overall revenues generated from the mobile video segment. Almost every industry sector in the North America region is moving towards digitalisation through the adoption of digital technologies and devices to share data with one another, which is creating a platform for programmatic displays. This is also propelling the programmatic display market in North America. The APEJ programmatic display market is expected to be a target market for market participants owing to the high growth opportunities in countries such as India and China. Increase in the Internet usage and the surging adoption of smartphones in the region is boosting connectivity across the world and contributing to economic as well as social progress, and these factors are driving the programmatic display market in APEJ. The programmatic display market in Western Europe has high potential. Social media advertising is a significant driver of programmatic displays in the region. Social media marketers are running more effective campaigns through automated buying and by reaching a precise audience with highly relevant messages, which is positively impacting the European programmatic display market during the forecast period.

Earlier, programmatic displays were only available via open marketplaces and real-time bidding for display ads. However, nowadays, programmatic displays also include direct publisher relationships and partnerships with platforms such as Facebook. According to FMI analysis, the integration of advanced technologies, along with the enhancement of functionality will help boost the revenue generated by the programmatic display market. Examples of some of the key participants in the global programmatic display market report are AppNexus Inc., AOL Inc., Yahoo! Inc., DataXu Inc., Adroll.com, Google Inc. (Doubleclick), Adobe Systems Incorporated, Rubicon Project Inc., Rocket Fuel Inc. and MediaMath Inc.

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Vendors are continuously innovating their programmatic display solutions to penetrate the technology-influenced market. Several vendors in the programmatic display market are focussing on partnerships on a global level to expand their businesses and increase their customer base. Some of these deals are listed below:

  • Among the key players in the programmatic display market, Appnexus Inc. is focused on entering into acquisitions and partnerships to increase its market share. AppNexus Inc. offers the industry’s leading technology system for managing supply as well as demand partners. With reference to programmatic display, all the major ad exchanges, ad networks, DSPs, SSPs, publishers and advertisers are plugged into the AppNexus platform.
  • In September 2016, Alma Media, a media and service company based in Finland, partnered with AppNexus to use the AppNexus Publisher Suite. This technology partnership with reference to programmatic display aided AppNexus to enhance its presence in the Nordics and Northern Europe markets and increase its customer base.
  • AOL is focussing on increasing its investments in programmatic display as most of the advertisements are currently purchased programmatically in digital advertising. This is boosting the company’s revenue. In July 2016, AOL invested US$ 500 Mn in programmatic display TV advertising to build and innovate TV advertising as well as to aggregate and sell ad blocks across multiple networks that target specific audiences.
Photo of anamika anamikaJanuary 7, 2022

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On-Shelf Availability Solution Market Size, Share, Future Roadmap, Technological Innovations & Growth Forecast To 2028

The global on-shelf availability solutions market is expected to grow from US$ 2,486.9 Mn in 2018 to US$ 6,028.3 Mn by 2028 at a CAGR of 9.3% in terms of revenue during the forecast period (2018-2028). In this report, the global on-shelf availability solutions market is tracked in terms of value, and is calibrated to obtain the market revenue estimates of on-shelf availability solutions & services.

On-shelf availability solutions are the technological tools that help retailers maintain, analyse and monitor the availability of various products in their store. On-shelf availability solutions are generally based on RFID technology & Internet of Things (IoT) sensors, and help in inventory management by monitoring the status of inventory and supply chain. On-shelf availability solutions help reduce out-of-stock situations by identifying potential issues and help in quickly resolving them to improve the overall profit margins.

Increasing technological advancements in the retail sector, increasing collaborations between retailers & suppliers, accurate demand opportunity assessment and the rising need for business automation are some of the major factors fuelling the growth of the on-shelf availability solutions market. However, the risk of unauthorized access to data, higher deployment cost and operating in a dynamic environment are some of the major challenges that are hampering the growth of the on-shelf availability solutions market.

To understand and assess the demand and opportunities in the on-shelf availability solutions market, the on-shelf availability solutions market report is categorically split into five major sections: on-shelf availability solutions market analysis – by component, by deployment type, by application, by end user and by region.

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On the basis of component, the on-shelf availability solutions market is segmented into software and services. The software segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period with a market share of 75.0% and 75.7% in 2018 and 2028 respectively.

On the basis of deployment type, the on-shelf availability solutions market is segmented into on-premise and SaaS segments. The on-premise segment of the on-shelf availability solutions market is expected to dominate the market for the maximum duration of the forecast period owing to the high CAGR associated with it. The SaaS segment of the on-shelf availability solutions market is expected to grow from US$ 729.7 Mn in 2018 to US$ 2,210.0 Mn in 2028.

On the basis of application, the on-shelf availability solutions market is segmented into historical data analysis, response time analysis, vendor pattern analysis, potential risk analysis and others. The response time analysis application segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period and enjoy a market share of 27.6% % and 31.5% in 2018 and 2028 respectively.

On the basis of end user, the on-shelf availability solutions market is segmented into Consumer Packaged Goods (CPG) manufacturers, retailers, online retailers, suppliers, warehouses and others. The supplier end user segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period owing to the high CAGR associated with it. The CPG manufacturer end-user segment of the on-shelf availability solutions market is expected to grow from US$ 725.0 Mn in 2018 to US$ 1,811.1 Mn in 2028.

The section on-shelf availability solutions market analysis by region includes an in-depth country-level analysis of all global regions, namely North America, Latin America, Western Europe, Eastern Europe, SEA and Others in Asia Pacific, Japan, China and MEA, by component, by deployment type, by application, by end-user & by country, and provides market data in terms of value for 2018-2028. In 2017, the market in North America dominated the overall global on-shelf availability solutions market, and it is also the fastest-growing region in the on-shelf availability solutions market.

The key players reported in this study on the global on-shelf availability solutions market are Panasonic Corporation; International Business Machines Corporation; SAP SE; Impinj, Inc.; MindTree Ltd.; Retail Solutions Inc.; Retail Velocity; Market6, Inc.; Lokad; Verix; Frontier Field Marketing; NEOGRID; eBest IOT and Enterra Solutions LLC.

Key Segments Covered

By on-shelf availability solutions by component

  • Software
  • Service

By on-shelf availability solutions by deployment type

  • On-premise
  • SaaS

By on-shelf availability solutions by application

  • Historical Data Analysis
  • Response Time Analysis
  • Vendor Pattern Analysis
  • Potential Risk Analysis
  • Others

By on-shelf availability solutions by end user

  • CPG Manufacturers
  • Retailers
  • Online Retailers
  • Suppliers
  • Warehouses
  • Others

Key Regions Covered

  • North America on-shelf availability solutions market
    • United States
    • Canada
  • Latin America on-shelf availability solutions market
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe on-shelf availability solutions market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • BENELUX
    • Rest of Western Europe
  • Eastern Europe on-shelf availability solutions market
    • Russia
    • Poland
    • Rest of Eastern Europe
  • SEA on-shelf availability solutions Market
    • India
    • Australia and New Zealand
    • ASEAN
    • Rest of South East Asia and Others of Asia Pacific
  • Japan on-shelf availability solutions market
  • China on-shelf availability solutions market
  • Middle East and Africa on-shelf availability solutions market
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of MEA

To gain more insights into the market with a detailed table of content and figures, click here: https://www.futuremarketinsights.com/toc/rep-gb-759

Key Questions Answered in the Report

  1. What is the global on-shelf availability solutions market size?

The global on-shelf availability solutions market is expected to reach a valuation of US$ 3,709.2 Mn in 2022.

2. At what rate did the global on-shelf availability solutions market grow between 2017 and 2022?

The global on-shelf availability solutions market grew at a robust 8.9% CAGR between 2017 and 2022.

3. What are the key trends boosting on-shelf availability solutions sales?

Increasing demand for inventory management solutions, along with rapid adoption of automation technologies in the retail sector is expected to boost sales over the forecast period.

4. What is the North America on-shelf availability solutions market outlook?

North America is projected to account for a dominant share in the global on-shelf availability solutions market share during the forecast period.

5. What is the market share of the Europe on-shelf availability solutions market?

The on-shelf availability solutions market in Europe is anticipated to expand at a remarkable pace over the assessment period.

China Vinyl Flooring Market Anticipated to Register Robust Growth in the Next 10 Years

Future Market Insights’ newly published market report, “Vinyl Flooring Market: Global Industry Analysis and Forecast, 2022-2028,” examines the vinyl flooring market and offers crucial market insights for the next ten years.

Valuable insights encapsulated in the report highlights that the plank segment is expected to remain a leading segment in the market in terms of format, recording a CAGR of 7.1% during the forecast period (2022 – 2028).

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In addition, the segment is expected to account for around 40.0% share of the overall market value throughout forecast period. Globally, the vinyl flooring market is projected to reach US$ 41,578.7 Mn by the end of 2028.

Global Vinyl Flooring Market: Key Dynamics

Increasing number of infrastructural activities in both developing and developed countries have continued to contribute towards growth of the global vinyl flooring market. To offer versatile, water-proof and stain-resistant floorings, prominent manufacturers are focusing on utilizing digital printing and 3D printing techniques for developing vinyl planks and products.

These technological advancements enable the end users to duplicate any original material, such as gravel, wood, metal and others. For instance, Tarkett in collaboration with Philip lighting has launched LED embedded tiles that can guide people to any location (store/building)

With the increasing number of small and medium business, demand for infrastructure continues to persist. In addition, constructors are focusing on building healthcare infrastructures near the residential areas.

In pace with the increasing number of construction projects, growth of the vinyl flooring market is likely to gain a speedy momentum during the assessment period.

To offer convenience to the end users in the residential industry, leading manufacturers are focusing on developing a wide array of vinyl flooring that are waterproof and easy to clean.

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Also, vinyl flooring is considered as decorative flooring due to the recent upgrades, such as resemblance to ceramic or other contemporary looks (petrified wood or stained concrete). Also, vinyl flooring is preferred for high-traffic areas as it is durable, trendy and available with built-in adhesive

Global Vinyl Flooring Market: Forecast

On the basis of vinyl flooring application, the commercial segment is expected to witness significant growth in terms of volume during the forecast period.

As per the forecast, the commercial segment is estimated to account for more than 56.5% share in the overall market value by the end of the forecast period. This is largely due to the massive applications of vinyl flooring in various innovative constructions.

On the basis of region, Western Europe is anticipated to dominate the global vinyl flooring market throughout the forecast period. Western Europe market is expected to expand at around 7.3% CAGR. SEA & Pacific region is anticipated to record robust CAGR in the global vinyl flooring market throughout 2028.

These two regions coupled with North America and China are expected to register impressive growth rates in the global vinyl flooring market over the assessment period.

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Global Vinyl Flooring Market: Competitive Landscape

Some of the players identified in the global vinyl flooring market include Tarkett, AFI Licensing LLC, Mohawk Industries, Inc., Forbo Group, C.I. TAKIRON Corporation, Responsive Industries Ltd., TOLI Corporation, JAMES HALSTEAD PLC, Interface, Inc., Mannington Mills, Inc., Gerflor, Shaw Industries Group, Inc. and among others. Leading players are focusing on incorporating advanced technology to optimize their performance.

Vinyl flooring manufacturers are concentrating on strategic acquisitions to broaden their growth prospects in the competitive market. These factors are expected to reflect positively on the growth of the global vinyl flooring market over the coming years.

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