Polylaminate Capsules Market Global Briefing, Growth Analysis And Opportunities Outlook 2023 to 2033

Pharmaceutical items, dietary supplements, and other consumer goods are all packaged and protected with polylaminate capsules. For high-quality packaging, these capsules are comprised of many layers of various materials, including metal, paper, and plastic. They are appropriate for many product applications because they come in a variety of sizes and colours.

Due to a rise in demand for practical and secure packaging options, the global polylaminate capsules market is anticipated to expand in the upcoming years. The market is also anticipated to expand as a result of an expansion in the number of producers of pharmaceuticals and nutraceuticals, who need premium packaging for their goods. By 2022, the market for polylaminate capsules is predicted to be worth USD 7.6 billion. With a steady CAGR of 3.6% from 2023 to 2033, this market is projected to reach USD 7.87 billion by 2023 and USD 11.21 billion by 2033.

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The pharmaceutical sector is one of the major forces behind the demand for polylaminate capsules. Pharmaceutical items need sturdy packaging to keep them clean and maintain their effectiveness. The quality of medicinal drugs can be compromised by moisture, air, and light, which polylaminate capsules give great defence against. Furthermore, tamper-evident elements can be included to polylaminate capsule designs to help stop product tampering and counterfeiting.

The market for polylaminate capsules is further supported by the nutraceutical sector. Products called nutraceuticals are made from food sources and are touted as having health advantages above and beyond that of basic nutrition. To keep these products from deteriorating and to guarantee their effectiveness, they need high-quality packaging. Capsules made of polylaminate are the perfect packaging for nutraceutical items since they can shield the contents from light, air, and moisture.

The polylaminate capsules market is also driven by an increase in demand for convenient and safe packaging solutions. Polylaminate capsules are easy to open and close, making them convenient for consumers. In addition, they are lightweight and can be easily transported, reducing transportation costs and carbon footprint. Polylaminate capsules can also be recycled, making them an environmentally friendly packaging solution.

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There are several types of polylaminate capsules available in the market. The most common types include push-through capsules, peelable capsules, and child-resistant capsules. Push-through capsules are designed to be pushed through the foil backing, making them easy to open. Peelable capsules are designed to be peeled off, making them easy to open and close. Child-resistant capsules are designed to be difficult for children to open, providing an added layer of safety for products that are potentially harmful to children.

In conclusion, the polylaminate capsules market is expected to grow in the coming years due to an increase in demand for convenient and safe packaging solutions, an increase in the number of pharmaceutical and nutraceutical manufacturers, and an increase in the use of polylaminate capsules in various industries. The pharmaceutical and nutraceutical industries are expected to be the key drivers of the market, as they require high-quality packaging to protect their products. The market is highly competitive, with a large number of manufacturers offering a wide range of products.

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Polylaminate Capsules Market: Key Participants

Some of the key participants in the global polylaminate capsules market are given below:

  • Amcor Plc.
  • Industrial Development Company sal
  • Mondial Capsule S.r.l.
  • ENOCAPSULE INC.
  • Capsules Rivercap S.A.
  • Saxco International
  • Viscose Closures Ltd.
  • H. Erben Ltd.

Polylaminate Capsules Market: Segmentation

On the basis of material used, polylaminate capsules market can be segmented as:

  • Polyethylene
  • Polyvinyl Chloride
  • Aluminum
  • Others (Bio-based plastics)

On the basis of thickness, polylaminate capsules market can be segmented as:

  • Below 100 microns
  • 100 – 150 microns
  • 150 – 175 microns
  • Above 175 microns

On the basis of application, polylaminate capsules market can be segmented as:

  • Champagne
  • Rum
  • Wine
  • Vodka
  • Whisky
  • Others

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ASEAN Automotive Aftermarket is Anticipated to Register 8.7% CAGR through 2031 | FMI

ASEAN Automotive Aftermarket was worth US$ 19.53 Billion in the year 2020 and is expected to reach US$ 48.29 Billion by the year 2031 at a CAGR of 8.7% between 2021 and 2031.

The automotive aftermarket is a vast industry that encompasses all the products and services related to the maintenance, repair, and customization of vehicles after they have been sold by the original equipment manufacturer (OEM). This includes replacement parts, accessories, performance upgrades, and maintenance services.

One of the main drivers of growth in the automotive aftermarket is the increasing age of vehicles on the road. As the average age of vehicles increases, the demand for replacement parts and maintenance services also grows. In addition, the rising number of vehicles on the road, particularly in emerging markets, is driving demand for aftermarket products and services.

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Growing demand for vehicles along with rising urban population density is expected to bolster ASEAN automotive production output. Apart from First Car Scheme Policy implemented by government of Thailand (since 2012-13) providing tax rebate of US$ 3250 has resulted in ~30% increase in sales of vehicles in Thailand. Besides, as per Organisation Internationale des Constructeurs d’Automobiles (OICA), passenger cars’ sales in Singapore did increase four-fold in 2012-16 alone. In Philippines, these sales did increase three-fold in 2012-16.

The ongoing trend is that of self-inflating tires being increasingly adopted. Participants like Rubber Company and Goodyear Tire are at the forefront herein. This self-inflating tire system does work on the air maintenance technology, which makes use of peristaltic pump for maintaining the pressure. Unwanted maintenance costs could also be averted. Another trend is that of deployment of silicon anode batteries as they tend to have a higher energy density and provide an enhanced battery life.

At the same time, the fact that the end-users are inconsiderate toward maintenance and services may hinder ASEAN Automotive Aftermarket.

Future Market Insights has entailed these facets with future perspectives in its latest market study entitled ‘ASEAN Automotive Aftermarket’ through its dedicated team of analysts and consultants going for a 360-degree view in primary, secondary, and tertiary modes of research.

“ASEAN automotive aftermarket is expected to be swept by growing demand for warranty vehicles all across Thailand”, says an analyst from Future Market Insights.

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Key Takeaways from ASEAN Automotive Aftermarket

  • Indonesia accounts for more than 30% of the market share. This could be credited to presence of huge number of key participants herein.
  • Thailand stands second with respect to contribution through revenue. This could be reasoned with the start of Car Scheme Policy starting 2012. Bangkok is known as a profitable market on the count of independent automobile aftermarket services.

Competitive Aftermarket

  • Aisin Seiki Co. Ltd., in December 2019, did announce setting up Kyushu Development Center Hakata Laboratory for AI technologies at Fukuoka City (Japan) with the objective of strengthening the AI infrastructure.
  • Continental AG, in October 2019, completed acquisition of automotive aftermarket business of CRP Industries.
  • Bridgestone Corporation, in August 2022, did announce expanding and modernizing Morrison-based Warren County, Tennessee Truck and Bus Radial (TBR) Tire Plant. The company has invested US$ 550 Million for expanding the existing footprint by 850K sq. ft. for accelerating usage of advanced technologies supporting safer, cleaner, and more efficient commercial bus and truck fleets and also for supporting increasing capacity.
  • ACDelco, in July 2021, did transfer the non-automotive products as well as aftermarket services to Denso Solution Corporation. This transfer was inclusive of product planning, development, and aftersales service functions that were undertaken by Denso’s Automotive & Life Solutions Division.

Key Companies Profiled

NGK Spark Plug, ZF Friedrichshafen AG, Continental AG, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, Denso Corporation, AC Delco, AISIN CORPORATION, Marelli Corporation, Bridgestone Corporation, Faurecia SA, Hitachi Astemo Ltd, Valeo SA, Michelin, Mahle GmbH, KYB Corporation, BorgWarner Inc., SAMMITR GREEN POWER CO., LTD., Bangkok Diecasting and Injection Co., Ltd., Aisin Takaoka Asia Co.,Ltd., S.P.Metal Part co.,Ltd., Tan Chong Motor Holdings Berhad,

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Key Market Segments Covered

Category Type:

  • Parts
    • Tires
    • Batteries
    • Filters
    • Starters and Alternators
    • Lighting
    • Exhaust Components
    • Lubricants
    • Collision Body (Coating & Paint Consumables)
    • Suspension
    • Brakes
    • Engine & Transmission
    • Spark Plugs
    • Steering
  • Accessories
    • Interior
    • Exterior
  • Services
    • General Automotive Repair
    •  Automotive Transmission and Others

Vehicle Type:

  • Passenger Car
  •  Light Commercial Vehicle
  •  Heavy Commercial Vehicle

Country:

  • Malaysia
  •  Indonesia
  •  Philippines
  •  Vietnam
  •  Singapore
  •  Thailand
  • Rest of ASEAN

What does the Report assess?

  • The research study is based on type (parts (tires, batteries, filters, starters and alternators, lighting, exhaust components, lubricants, collision body (coating & painting consumables), suspension, brakes, engine & transmission, spark plugs, and steering), accessories (exterior and interior), and services (automotive transmission and general automotive repair)), by vehicle type (passenger car, light commercial vehicle, and heavy commercial vehicle), and by country (Malaysia, Indonesia, Philippines, Vietnam, Singapore, Thailand, and Rest of ASEAN).
  • With expansion of mobility technology in ASEAN, automotive aftermarket is expected to go great guns in the ASEAN Automotive Aftermarket going forward.

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Growing Environmental Concerns Drive Shift Towards PET Material Packaging Market Worth US$ 2,738.6 Million By 2032

In 2022, the market for PET materials packaging is expected to be worth US$ 1,573.2.0 Million. PET material packaging sales are anticipated to increase at a CAGR of 5.7% from 2022 to 2032, reaching a value of US$ 2,738.6 million. Growing consumer demand for food and beverage goods as well as PET packaging that is recyclable and sustainable is anticipated to fuel market expansion. PET material packaging demand increased historically between 2016 and 2021 at a value CAGR of 4.1%.

Terephthalic acid (TTA) and monoethylene glycol are the monomers used to make the polyester or resin known as polyethylene terephthalate (PTE) (MEG). Food packaging and containers for bottled water must adhere to strict safety and dependability standards set forth by numerous regulatory organisations.

Polyethylene terephthalate (PTE) a plastic resin or polyester which is made up of a combination of two monomers such as terephthalic acid (PTA) and mono-ethylene glycol (MEG). AS per various regulating bodies, bottled water containers and food packaging must be safe and reliable for contact of food and beverages. PTE fulfills these criteria and is used in packaging of soft drinks, bottled water and numerous food items. PET material used in packaging is also bio-degradable in nature.

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The inclination of packaging industry to adopt green plastics has become a key trend that is expected to drive the growth of PET material market. PET has emerged as an alternative for conventional packaging materials, such as aluminum paper, glass and metal as it is light in weight and thus easy for logistics and transportation. PET containers have become a popular choice across the manufacturers as they are recyclable and reusable in nature.

Global PET Material Packaging: Key Players

Some of the prominent players in PET material packaging market are Amcor Limited, CCL Industries, Inc., Gerresheimer AG, Smurfit Kappa Group PLC, Masterchem, PET Power, Berry Plastic Group Inc, Resilux NV, GTX Hanex Plastic Sp. z o.o., Klöckner Pentaplast GmbH & Co. KG.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

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

Global PET Material Packaging: Drivers and Restrains

FDA and other regulatory agencies across the world has approved PET as safe material for direct contact with food and beverage for over 30 years. Countries across the world has started to promote biodegradable materials for packaging leading to the growth of PET material packaging market. Various beverage manufacturers are investing into projects which focus on producing cost-effective PET bottles to gain significant benefits by attracting a higher number of consumers.

There is an increase in demand of packaging of carbonated beverages using PET thus fueling the growth of overall PET material packaging market. Currently, various new trends have emerged in the food and beverages industry such as hot-filling or cold-filling PET bottles which can still increase the shelf life of the product even if not kept in good state.

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Global PET Material Packaging: Segmentation

Global PET material packaging market is segmented based on various parameters

Based on the end use, PET material market can be segmented as

  • Food and drink
  • Personal care
  • Pharmaceutical
  • Alcoholic beverages
  • Others

Based on the products, PET material market can be segmented as

  • Bottles
  • Jars
  • Performs
  • Closures

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Fire Trucks Market Size to Hit US$ 6,860.3 Million by 2027 | Future Market Insights

Future Market Insights (FMI) predicts that the fire trucks market size will grow by 3.6% year over year in 2022 and surpass US$ 6,860.3 Million by 2027.

One of the primary drivers of growth in the fire trucks market is the increasing demand for advanced firefighting equipment. Firefighters and rescue personnel require modern and advanced equipment to tackle the ever-increasing complexity of fires and rescue operations. This demand is expected to drive the adoption of new technologies, such as thermal imaging cameras, firefighting robots, and drones, among others, in fire trucks.

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Additionally, rising awareness about fire safety and the need to upgrade aging fire trucks are expected to drive growth in the fire trucks market. Governments and private organizations are investing heavily in upgrading and replacing their aging fleets with modern and advanced fire trucks that offer better safety features, greater maneuverability, and improved efficiency.

Below 4% Y-o-Y Forecast for Fire Trucks Market Revenue in 2019

The fire trucks market has been witnessing emergence of specialized fire trucks in recent past, which is foreseen to be an important factor contributing to market growth. However, the approximately US$ 5 billion global landscape of fire trucks is projected for a sluggish below 4% yearly growth rate in 2019 and ahead. A new market intelligence on global fire trucks landscape forecasts a passive growth outlook for the market. High initial capital and relatively low penetration rate are prominently posing a challenge to the market growth, as indicated by the report.

A senior market research analyst adds further, “Even though the fleets of fire trucks are aging, they are not being replaced by the new ones at a considerable pace. While this is straightaway hampering the sales of new fire trucks, the entire scenario ultimately results in limiting the revenue growth of global fire trucks market. This is foreseen to be the situation in the long run, if the same continues over coming years”.

Improving Scope of Rescue Fire Trucks to Uplift Market in Developing Regions

Developing regional markets, experiencing dramatic advancements in construction and infrastructure industries, are compelling various governmental and non-governmental bodies to impose strict regulatory and administrative codes. This, according to the report, will remain the key factor propelling demand for fire trucks across emerging economies, in coming years.

More than 55% sale of fire trucks is accounted by adoption for residential and commercial end use applications, followed by that in enterprises and airports. While the rampant expansion of construction industry is cited responsible for catering to the demand for fire trucks in residential and commercial sectors, developed regional markets are presumably driven by consistently progressing interest in adoption of the cutting edge technologies enabled fire mechanical assemblies and equipment. The report thus highlights relatively high rate of fire trucks purchase across economies such as the US, UK, France, and others in North America and Europe.

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While Europe and North America remains the global manufacturing and operational hubs for key manufacturers of fire trucks, the report projects a strong possibility of developing regions serving significantly in reshaping the entire competitive scenario of fire trucks market. A large number of SMEs in the fire trucks space are rapidly shifting their manufacturing bases to progressing economies – including China, India, Russia, Brazil, and ASEAN countries, to capitalize on the inexpensive labor costs and lucrative opportunities arising in the residential and commercial segments. The report says that over the next few years, Latin American market for fire trucks is likely to witness emergence of Brazil and ROW as production hubs for fire truck manufacturers.

The demand for rescue fire trucks is slated to sustain in airports to cater to soaring terminal security demands. Research also points to sustained sales of ARFF (aircraft rescue firefighting) vehicles for rescue operations at airport terminals. With a significant upsurge in air traffic and a considerably increasing number of airlines as a global level, it is more likely that the fire trucks demand at airports would be sustained over coming years.

Over 50% Market Value Share Belongs to Seven Leading Players

The top seven players in fire trucks marketplace account for more than half of the total market value, as indicated by research. The prominent companies competing in this fairly consolidated landscape are investing in strategic acquisitions and collaborations in an effort to reaffirm their market positioning.

Long-term contractual deals for reliable supply of specialized fire trucks are likely to strengthen strategic relationship between market leaders and key distributers. Expanding existing fire trucks portfolio, with maintaining the focus on novel technological innovations, leading manufacturers and suppliers of fire trucks that are actively operating across the global value chain are projected to prioritize fire trucks and equipment upgrade.

Although pumpers and tankers contribute majorly to total sales of fire trucks at present, the report indicates growing demand for aerial platform fire trucks and rescue fire trucks – likely to shape competitive manufacturing strategies of key manufacturers in the market. In the backdrop of the rate of natural calamities occurred in recent past, it is more likely that rescue fire trucks would experience growing demand.

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Fire Trucks Market: Segmentation

On the basis of product type, the global fire trucks market has been segmented into:

  • Pumpers
  • Tankers
  • Rescue Fire Trucks
  • Aerial Platform
  • Other Speciality Trucks

On the basis of end users, the global fire trucks market has been segmented into:

  • Enterprise & Airports
  • Residential & Commercial Buildings
  • Military
  • Others

Key Questions Answered in the Report

  • How has the Fire Truck market evolved in the past four years?
  • What shape is the Fire Truck market expected to take, in terms of value and volume, during the forecast period?
  • What are the dominant market dynamics in the Fire Truck market?
  • How is the competition landscape at the moment and what are some of the trends in the Fire Truck market?
  • What are some of the underlying macroeconomic and industry factors impacting the growth of the Fire Truck market?

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
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Growing Emphasis on Automotive Safety Features Boosts Demand for Automotive Labels Market

The market for automotive labels is anticipated to reach a value of US$ 7,290.5 million in 2022 and grow at a moderate CAGR of 4.3% over the same period. By 2032, the market is projected to increase to a value of US$ 11,245.6 million.

According to Future Market Insights’ data, the historical CAGR was 3.5%. According to definitions, labelling is the process of giving things brief names to distinguish them from one another or other brands. Automotive labels are used in the industry to distinguish brands from one another and build a reputation for themselves.

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Recent Development

A recent development identified in the automotive labels market is:

  • In March 2019, Linker announced the launch of its service to deliver AI-based auto-labeling with continuous learning for the autonomous driving industry. Linker’s auto-labeling technology is integrated with Microsoft Azure cloud services and is designed to deliver a seamless and scalable solution to pre-process datasets used for machine learning in vertically integrated industries such as autonomous driving.

Some of the biggies revolutionizing the automotive labels market are:

  • 3M
  • Adhesive Research, Inc.
  • AVERY DENNISON CORPORATION
  • CCL Industries
  • Dunmore
  • H.B. Fuller Company
  • Imagetek Labels
  • Lewis Label Products Corporation
  • Sika AG
  • UPM Raflatac

Driving Factors Propelling The Market Growth For Automotive Labels

A large number of factors are contributing majorly to the expansion of the automotive labels market, which is likely to fuel a steady growth of the concerned market in the coming years.

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Recognition of information: Automobile labels are used for recognizing information written or printed on a cloth, polymer, paper, or other material attached to a particular vehicle’s parts. These labels are manufactured to withstand harsh weather conditions and provide identification, safety, usage information, and dating for consumer verification.

These labels are manufactured with acrylic films available in white lettering or black lettering. Thus, the ability of these labels to withstand any weather and the customized design requirements are anticipated to bring extensive growth to the automotive labels market.

Automotive Labels Market – Dynamics 

The automotive labels market is likely to get traction owing to the demand for active and smart labels during the forecast period. Rising demand for sustainable labels manufacturing techniques is also a major driving aspect for the growth of automotive labels market. Automotive labels market witnesses various prominent trends such as increasing demand for radio frequency identification (RFID) labels, latest technological developments in dermatology devices, and high growth in developing economies. 

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Automotive labels manufacturers provide a wide range of labelling mechanism which includes heat transfer labelling, pressure sensitive labelling, glue applied labelling, in-mold labelling and some other mechanisms. Automotive labels are durable and manufactured with UL listed vinyl and polyester label face sheet and many other adhesive combinations that make the label work for long term applications. 

The automotive labels can be wrapped around the container for tamper evident safety. An attractive automotive label adds to the brand awareness of the product. Therefore manufacturers continue to provide eye catching labels to compete in automotive after-market stores. 

Automotive Labels Market – Dynamics 

The automotive labels market is likely to get traction owing to the demand for active and smart labels during the forecast period. Rising demand for sustainable labels manufacturing techniques is also a major driving aspect for the growth of automotive labels market. Automotive labels market witnesses various prominent trends such as increasing demand for radio frequency identification (RFID) labels, latest technological developments in dermatology devices, and high growth in developing economies. 

Automotive labels manufacturers provide a wide range of labelling mechanism which includes heat transfer labelling, pressure sensitive labelling, glue applied labelling, in-mold labelling and some other mechanisms. Automotive labels are durable and manufactured with UL listed vinyl and polyester label face sheet and many other adhesive combinations that make the label work for long term applications. 

The automotive labels can be wrapped around the container for tamper evident safety. An attractive automotive label adds to the brand awareness of the product. Therefore manufacturers continue to provide eye catching labels to compete in automotive after-market stores.

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Key Segments In The Automotive Labels Market

By Material Type:

  • Polyethylene (PE)
  • Polyethylene terephthalate (PET)
  • Acrylonitrile butadiene styrene (ABS)
  • Polypropylene (PP)
  • Polyvinyl chloride (PVC)
  • Polycarbonate (PC)
  • Others

By Mechanism:

  • Glue applied labels
  • Pressure-sensitive labels
  • Heat transfer labels
  • In-mold labels
  • Others

By Application:

  • Engine components
  • Interior
  • Exterior
  • Others

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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Air Transport MRO Market Size to expand at a CAGR of 4.8% by 2031 | Future Market Insights

In a recent market study, ESOMAR-certified consulting firm Future Market Insights (FMI) projects the global air transport MRO market size to reach US$ 72.6 Bn in 2021. With gradually increasing air travel and cargo transport rates, the market is poised to exhibit a 4.8% CAGR during the assessment period. The European air transport MRO market is projected to grow at a 4.0% CAGR through 2031.

Key Takeaways:

  • Applications of air transport MRO in the engine segment are estimated to remain high through 2031.
  • Based on aircraft type, narrow-body aircraft will dominate the segment.
  • The U.S. is anticipated to experience high demand for air transport MRO services, owing to the presence of leading players and a vast military and commercial aviation fleet. The North American air transport MRO market is projected to grow at a 4.5% CAGR.
  • The U.K. will emerge as a lucrative market, owing to growing demand for MRO services in the VIP and private jet sectors. The European market is poised to expand at a 4.0% CAGR.
  • Demand for air transport MRO will rise at a positive pace in China, due to the addition of new airlines and aircraft fleets.
  • Japan and South Korea will collectively account for 4.8% of the total market share.

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Sales of air transport MRO services witnessed a downturn in 2020 due to the travel restrictions imposed to contain the novel coronavirus outbreak. However, with resumptions in movement, the market experienced year-over-year growth by 5.0% between 2020 and 2021.

As the pandemic caused various airlines to park aircraft fleets for prolonged periods of time, the demand for air transport MRO services experienced upticks. This has created lucrative opportunities for players operating in the market.

Apart from this, the emergence of connective technologies such as blockchain, cloud computing, and digital twins in aircraft maintenance will continue driving market growth during the forecast period. MRO service providers are benefitting from launching data-driven MRO solutions and the trend is anticipated to prevail in the forthcoming years.

As per FMI’s regional analysis, the U.S. is anticipated to dominate the North American air transport MRO market. Growth can be attributed to expansions in the aviation industry and stringent government regulations mandating the timely inspection of aircraft for maintenance. Additionally, the presence of leading MRO service providers and OEMs will continue driving developments in the air transport MRO market.

“Product developments by OEMs in collaboration with MRO service providers, coupled with expansion of the aviation industry in emerging economies will continue augmenting market growth through 2031,” says the FMI analyst.

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AAR Corporation, Air France Industries KLM Engineering & Maintenance, Delta TechOps (Delta Corporation Ltd, Hong Kong Aircraft Engineering Company (HAECO) Ltd, Lufthansa Technik AG, Turkish Technic Inc., Singapore Technologies Engineering Ltd, Guangzhou Aircraft Maintenance Engineering Company Limited, Sabena Technics, Aeroman, Airbus SAS, and SIA Engineering Company (SIAEC) are among the air transport MRO market players, as profiled by FMI.

Top 5 players comprise Hong Kong Aircraft Engineering Company Limited, Singapore Technologies Engineering Ltd, Air France–KLM, AAR Corp., and Lufthansa Technik AG, holding 11% of the total market share.

As a part of their growth strategies, prominent players operating in the global air transport MRO market are concentrating on mergers, collaborations, and acquisitions to expand their global footprint. For instance:

  • In May 2021, Lufthansa Technik and Airbus teamed up to offer customers with a reversible cargo-in-cabin solution to satisfy urgent flying and transport requirements easily.
  • In June 2021, Turkish Technic and Boeing announced the renewal of their tailored package parts agreement, extending the MRO service providers’ contract by three years. The contact will allow Turkish Technic to reinforce its reliability, efficiency, and access to a global market of parts and component services.

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Air transport MRO Market by Category

By Application Type: 

  • Airframe
  • Engine
  • Component
  • Line

By Aircraft Type:

  • Narrow Body Aircraft
  • Wide-Body Aircraft
  • Regional Jet
  • Turbo Prop

By Region: 

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Rising Use of Ultra High Bond (UHB) Tapes in Construction and Automotive Industries Drives Market Growth by 2032

The ultra high bond (UHB) tape market would generate US$ 948.4 Mn in revenue in 2021, according to the FMI estimate. The global ultra high bond (UHB) tape market is anticipated to reach US$ 1,423.4 Mn by 2032, growing at a CAGR of 3.8% during the forecast period due to the rising need for reinforcing solutions in numerous end-use sectors.

The global ultra high bond (UHB) tape market is anticipated to reach a valuation of US$ 982.2 Mn in 2022 and continue to grow at a CAGR of 3.8% to reach US$ 1,423.4 Mn by the year 2032, according to research from Future Market Insights. The top 3 nations are expected to control between 30 and 35 percent of the market for ultra high bond (UHB) tapes by the end of 2022.

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With the top 5 businesses controlling 20–25% of the ultra high bond (UHB) tape market in 2022, sales of ultra-high bond tape will increase. According to a recent FMI forecast, the market for ultra high bond (UHB) tapes would develop between 2022 and 2032, opening up a potential US$ 475.0 Mn in additional growth. The market for ultra high bond (UHB) tape is predicted to expand by 1.5 times the current market value during 2022-2032.

The ultra high bond (UHB) tape is considered to be very reliable when it comes to bonding strength. Due to the nature of bonding surfaces, ultra high bond (UHB) tape is gaining popularity as an alternative to screws and other metal parts. Ultra high bond (UHB) tape act as a barrier between surfaces eliminating the formation of gaps and providing properties like waterproofing, soundproofing, etc. The ultra high bond (UHB) tape helps tackle problems such as waterproofing, Impact resistance, and bonding strength on multiple fronts.

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The doubly coated nature allows to simultaneously mount things together and remain intact for a long time. The factors like convenience and reliability of ultra high bond (UHB) tape have made them an ideal alternative. This is creating a huge surge in demand from different industries and the market share of ultra-high bond (UHB) tape is expected to increase globally in the future.

Key Takeaways from Ultra High Bond (UHB) Tape Market

  • Ultra high bond (UHB) tape market is showing lucrative growth in the construction sector because of their nature to bond surfaces. Also, there is a visual appeal to the finishing is done using UHB tape. The global ultra high bond (UHB) tape market is projected to expand 1.5 times the current market value during 2022-2032.
  • Based on thickness, the less than 30 mm segment is estimated to remain the leading segment for the global ultra high bond (UHB) tape market which is expected to account for 45% of the market value share by the end of 2022.
  • The expanding automotive and construction industry is anticipated to create a growth opportunity for the ultra-high bond (UHB) tape market. Both segments collectively are projected to create a growth opportunity of US$ 326.4 Mn during the forecast period.

“Ultra high bond (UHB) tape has the ability to withstand extreme temperatures, solvents, UV light, and moisture which gains popularity among the end use industry. Also, the trend for the invisibility of bonding solution in end use industry creates a growth opportunity for the ultra high bond (UHB) tape manufacturers as this tape is designed to move invisibly after application” – says FMI analyst

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Growing Electro and Digital Industry is fuelling the expansion of Ultra High Bond (UHB) Tape Market

Ultra high bond (UHB) tape provides good shock resistance, sealing, and waterproofing properties reducing the risk of broken displays, screens, and dust contamination which is desired highly by the electronic industries. Ultra high bond (UHB) tape is a big help in setting up a fast and streamlined manufacturing facility. Densely Populated and emerging economies like India, China are creating a very strong demand for consumer electronics.

According to the Ministry of Commerce, in 2021 the Indian appliances and consumer electronics industry accounted for around US$ 9.84 billion and is expected to grow more than double. Electronics hardware production in the country stood at US$ 63.39 billion in 2021. This is projected to generate hefty demand for bonding solutions including ultra high bond (UHB) tape.

Ultra high bond (UHB) tape due to its viscoelastic properties is coming out as a promising alternative and is slowly replacing screws and other metal parts in electronics. Overall, the growing electro and digital industry is fuelling the expansion of ultra high bond (UHB) tape market.

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Ultra High Bond (UHB) Tape Market Landscape

The key players operating in the ultra high bond (UHB) tape market include 3M Company, ORAFOL Europe GmbH, Avery Dennison Corporation, Saint-Gobain S.A., Hi-Bond Tapes Ltd., tesa SE, Nitto Denko Corporation, Interetape Polymer Group, and H.B. Fuller Company. Also, some of the other noticeable players in the market are LAMATEK, Inc., Achem Industries (YC Group), The Tecman Group, AFTC Group, Indigo Industrial Supplies Limited, Shenzhen KHJ Technology Co., Ltd., Gripking Tapes India Pvt. Ltd., Lohmann GmbH & Co.KG, and others.

Ultra High Bond (UHB) Tape Market by Category

By Thickness, Ultra High Bond (UHB) Tape Market is Segmented as:

  • Less than 30 mm
  • 30 to 50 mm
  • 51 mm and Above

By End Use Industry, Ultra High Bond (UHB) Tape Market is Segmented as:

  • Automotive
  • Construction
  • Metallurgy
  • Others (Electronics, Furniture etc.)

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Japan Automotive Performance Parts Market Comprehensive Research Study and Strong Growth in Future 2032

According to forecasts, Japan automotive performance parts market is expected to hold the largest market for luxury vehicles in terms of automotive performance parts. As audio/video devices, gauges, switches, and audio/video devices become more prevalent in cars, the interior segment is predicted to dominate the market. With disposable incomes rising across the globe, the market for automotive performance parts is expected to grow rapidly during the forecast period.

E-commerce ecosystems have been rapidly expanding across the globe, particularly in developing countries. As a result of these affecting factors, many automotive performance parts suppliers have begun to strategize on how to sell the products online. As a result of rapid changes in lifestyle and consumer desire for innovative products based on technological advances, consumer expectations have increased over the past few years. As performance parts for automobiles are readily available, they are more appealing than ever on the internet.

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Automotive performance parts sales will rise in the coming decade due to increasing demand for better-performing vehicles and an increase in vehicle owner investment in repairs and maintenance. The development of the automobile industry, reforms within emerging economies, and the increasing availability of private equity funds are all anticipated to boost spark plug sales in the near future. EV demand and carbon reduction demand are expected to grow the market for automotive performance parts in this region.

Japan’s auto industry has been enhanced by the rapid growth of the electric vehicle market. International Energy Agency figures indicate that 6.6 million electric vehicles were sold in 2021, representing 8.6% of all vehicles sold – an increase of threefold over the previous year. With the increasing demand for high-end cars in this region, it is expected that the market for automotive performance parts will grow in the market. Increasing demand for luxury interiors and customizations are expected to drive automotive performance part sales in the future.

The automotive industry contributes 89% of Japan’s manufacturing, and auto part suppliers have expanded into chemicals and rubber to become major economic players in the market. Japanese automakers created keijidsha, or light vehicles, also referred to as Kei cars, to accommodate Japan’s limited space, aging population, and increasing number of single-person households. The smaller size of these cars makes them more affordable and allows them to be more easily navigated through Japanese cities. These factors are likely to fuel a significant increase in the demand for automotive performance parts in the near future.

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Key Takeaways

  • Automotive performance parts are expected to generate US$ 339.32 Million in revenue by 2022.
  • Aftermarket sales of automotive performance parts will make up the majority of total sales by 2032.
  • A combined market share of 7.7% will be held by Japan and South Korea in global markets.
  • A market shares of around 21% is predicted for Japan in East Asia by 2022.
  • According to the forecast, the market demand for light commercial vehicles is expected to grow in the coming years.

Competitive Landscape

Manufacturers are creating specialized performance parts for vehicles to increase operating efficiency and conform to legal requirements. Innovating high-performance automotive parts is a key focus of companies, which will provide the market with a high growth opportunity to the manufacturers in the market.

Leading companies operating in the automotive performance parts market are

Tenneco Inc., Robert Bosch GmbH, Continental AG, BorgWarner Inc., Mahle GmbH, Donaldson Company Inc., Holley Performance Products, Mitsubishi Heavy Industries, Ltd., Honeywell International Inc., EXEDY Corporation, Denso Corporation, AISIN SEIKI Co., Ltd., Hitachi Astemo, Ltd., The NGK Spark Plug Co., Ltd., Cummins Inc., ZF Friedrichshafen AG, Valeo, TREMEC, Hyundai Mobis,

Recent Developments

  • Apio is a well-known Japanese brand that offers high-performance accessories for Suzuki Jimny cars. This company produces custom parts for Suzuki Jimny cars and has grown to become one of Japan’s most renowned parts makers. As a result of its tremendous success, the Suzuki Jimny has become a household name in Japan and internationally. A variety of premium-quality Japanese performance parts have been introduced to Suzuki’s various Jimny models as part of the company’s continuous product development. Japanese Auto World provides customers with ALL APIO performance parts.

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Key Segments

By Product Type:

  • Exhaust Systems
    • Headers
    • Mufflers
    • Oxygen Sensors
    • Exhaust Pipes
    • Catalytic Converters
  • Suspension Parts
    • Suspension Bushing
    • Sway Bars
    • Shock Absorbers
  • Brakes
    • Brake Pads
    • Brake Rotors
    • Brake Caliper
    • Brake Lines
    • Brake Master Cylinders
    • Vacuum Pumps
  • Fuel Air & Intake Systems
    • Air Filters
    • MAF Sensors
    • Intake Manifold
    • Throttle Bodies
    • Fuel Filters
    • Spark Plugs
    • Fuel Injectors
    • Fuel Pumps
  • Transmission Parts
    • Clutch Pressure Plates
    • Flywheels
    • Torque Converters
    • Clutch Linkage
  • Power Adders
    • Turbochargers
    • Intercoolers
    • Nitrous Oxide Systems
    • Superchargers

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel:

  • First Fit
  • Aftermarket

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Rising Demand for Lightweight Materials Drives Growth in Carbon Tapes Market By 4.5% CAGR in 2032

The global carbon tapes market is expected to reach a valuation of US$ 35.8 Bn in 2022. With sales growing at a 4.5% CAGR over the assessment period, with the market size reaching US$ 55.7 Bn by 2032.

Carbon tapes are flat material tapes that are made from carbon fiber bearing high strength. Carbon tapes are popular for their strength. It weighs around 1/7th as much as steel in terms of strength. These tapes last longer than the conventional cable. In addition to that, they offer wear and abrasion-resistant property.

Carbon tapes are used in various end use industries such as aerospace & defense, automotive, marine, building & construction, and sporting goods. The demand for highly durable and strong tapes in various end use industries will augments sales in the market.

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Rising demand for high-temperature tolerance packaging solutions in automotive and other industries is projected to drive sales of carbon tapes. Increasing adoption of carbon fiber in the aerospace industry will create opportunities for growth. Carbon fiber helps in reducing the cost and energy. Overall, the benefits offered by carbon fiber tapes are estimated to boost the demand for carbon tapes during the forecast period.

“Increasing application of carbon tapes in the building and construction sector, along with high preference for durable and high strength reinforcement solutions will boost sales in the market over the forecast period,” says FMI analyst.

Key Takeaways:

· Based on resin, sales of epoxy carbon tapes will grow by 1.6x by 2032.

· By form, the prepreg tape segment will account for a dominant share in the market.

· In. terms of application, demand in the aerospace and defense segment will account for 41% of the total market share in 2022.

· Sales in the Japan carbon tapes market will gain traction at a 5.4% CAGR over the assessment period.

· The India carbon tapes market will create an incremental opportunity of US$ 2.6 Bn over the forecast period.

· North America and Europe will collectively account for a dominant share in the market.

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Competition Landscape-

The key players operating in the carbon tapes market include

  • Techinstro,
  • Ted Pella, Inc.,
  • MBK Tape Solutions,
  • Nanoshel LLC,
  • Fabtech Systems, LLC,
  • Euro Tapes Private Limited,
  • Cevotec GmbH,
  • Hexcel Corporation,
  • Teijin Carbon Europe GmbH., and
  • Sabic Corporation.

Some of the other noticeable player in the market are Zoltek, Victrex plc, TORAY INDUSTRIES, INC., Solvay, SILTEX, SGL Carbon, TCR Composites, Inc., and others.

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Carbon Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global carbon tapes market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections for the carbon tapes based on the resin (epoxy, thermoplastic and polyamide), form (prepreg tape and dry tapes) and end use (aerospace & defence, automotive, marine, building & construction and sporting goods) across seven regions.

Carbon Tapes Market by Category

Resin:

  • Epoxy
  • Thermoplastic
  • Polyamide

Form:

  • Prepreg Tapes
  • Dry Tapes

End Use:

  • Aerospace & Defence
  • Automotive
  • Marine
  • Building & Construction
  • Sporting Goods

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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Retinal Vein Occlusion Treatment Market is expected to garner a value of US$ 4.7 billion by 2033

The global retinal vein occlusion treatment market is likely to register a CAGR of 5.9% from 2023 to 2033. According to Future Market Insights, a valuation of US$ 2.3 billion is expected for the industry by the end of 2023. Retinal vein occlusion is among the most pervasive retinal vascular ailments in older individuals, and mainly affects people over the age of 65. Age is a significant potential risk for retinal vein occlusion. As the elderly population goes up, it is presumed that the incidence of retinal vein occlusion will increase as well.

Owing to various improved medical facilities, an expansion in the occurrence of eye disorders, technological advancements, and an upsurge in the aging population, North America held a substantial portion of the global retinal vein occlusion market in 2022. From 2023 to 2033, the Asia Pacific retinal vein occlusion market is expected to increase at a 6.5% CAGR. The rising prevalence of ocular diseases in Asia Pacific, particularly in China, Singapore, Indonesia, and other Southeast Asian countries, along with rising health expenditures, are predicted to propel market expansion in East & South Asia from 2023 to 2033. Europe is expected to have the second-largest share of the market during the forecast years. The rise of a huge older population, along with elevated healthcare spending, is driving the retinal vein occlusion market expansion in this region.

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The branch retinal vein occlusion segment had the highest global retinal vein occlusion therapeutics revenue growth in 2022. This segment is expected to dominate the market as the occurrence of high blood pressure, cardiovascular disease, and glaucoma rises.

Key Takeaways from the Market Study

  • Global retinal vein occlusion treatment market to reach a valuation of US$ 4.7 billion in 2033
  • East Asia retinal vein occlusion market is expected to expand at a CAGR of 6.5%.
  • From 2018 to 2022, sales increased significantly at a CAGR of 5%.
  • The random-effects gathered likelihood of RVO in Europeans over the age of 55 was 0.7%, according to a 2018 Pubmed report.
  • The total number of affected people in the EU is expected to nearly double, from 900,000 in 2018 to 1.1 million in 2050.

“Players in the retinal vein occlusion treatment domain are increasing their capacity to produce corticosteroid drugs, which can help combat the inflammatory factors that cause edema. Healthcare professionals, on the other hand, are becoming increasingly skilled in focal laser therapy,” says FMI’s analyst.

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Market Competition

Key players in the retinal vein occlusion treatment market are AbbVie, Roche, Regeneron Pharmaceuticals, Taiwan Liposome Company, Aerie Pharmaceuticals, Graybug Vision, Kodiak Sciences Inc., Chugai Pharmaceuticals, and Novartis AG among others.

  • Novartis affirmed highly supportive for the initial interpretable Phase III findings of a clinical study investigating the effectiveness and protection of Beovu in December 2020. Beovu by Novartis placed Regeneron’s anti-VEGF Eylea, one of the renowned treatments for diabetic macular edema, in direct competition.
  • Roche is presently performing Phase III trials to examine the effectiveness and security of Faricimab in sick people with macular edema secondary to BRVO and CRVO, with the drug anticipated to be approved by 2023 based on the findings.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global retinal vein occlusion treatment market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

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Key Segments Profiled in the Retinal Vein Occlusion Treatment Industry Survey

By Drug Class:

  • Ranibizumab
  • Dexamethasone
  • Aflibercept
  • Bevacizumab

By Type:

  • Central Retinal Vein Occlusion
  • Branch Retinal Vein Occlusion

By Diagnosis:

  • Optical Coherence Tomography
  • Fundoscopic Examination
  • Fluorescein Angiography

By End User:

  • Hospitals
  • Research and Academics
  • Specialty Clinics

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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