Machine Control System Market to Display Impressive Growth of 6.5% CAGR during Forecast 2023 to 2033 | Get Customized Reports

According to FMI’s estimate, the worldwide machine control system market will grow at a 6.5% CAGR over the forecast period. The size of the industry is expected to grow from US$ 8,223.6 million in 2023 to US$ 15,436.8 million by 2033.

GIS, GNSS, robotics, and laser scanning are among the technologies used in machine control systems. These technologies scan the working surfaces and precisely determine where heavy earthmoving machines should be positioned. The proper arrangement of this machinery increases job efficiency by increasing the speed and precision of building activity. Increased demand for precision in navigation and heavy machinery control is expected to drive market expansion.

Firms are concentrating on making the systems simpler and achieve higher productivity. Take for example, Leica Geosystems AG, which has launched MSS400 Series particularly for excavators. These are equipped with complex sensors and SP technology. The system is outfitted with pressure-tight connectors, robust sensor housing, stainless steel brackets, and rugged cabling. This makes it appropriate for underwater digging.

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The system is also equipped with Leica Geosystems SP technology. The technology decreases the complexity as opposed to traditional guidance systems. Utilization of such sophisticated techniques empowers contractors to complete their projects under budgets and before the scheduled deadlines. This is projected to boost the adoption of machine control systems.

Governments of the emerging economies are concentrating on making investments to better the transport infrastructure. This is being achieved by engaging in the construction of highways, roads, and tunnels. This has led to the increase in demand for paving systems.

Top Highlights from the FMI’s Analysis of Machine Control System Market: 

  • The machine control system industry in the United States is projected to acquire 23.4% of the overall market share in 2023.
  • In European region, Germany is anticipated to obtain 5.6% market share. The United Kingdom is estimated to register 5.2% CAGR from 2023 to 2033.
  • The Asia Pacific region is projected to leap forward at a significant rate. Both India and China are assessed to account for 7.3% and 7% CAGR, repetitively, over the next 10 years.
  • On the basis of type, total stations are projected to grab a hold of 36.7% market share in 2023.
  • Based on verticals, industrial segment is expected to account for 31% industry share in the year 2023.

Glad Tidings: Key Developments in Machine Control System Industry

  • Trimble Inc. introduced a 2.0 version of Earthworks Grade Control Platform in March 2020. This launch is equipped with Integrated Trimble Loadrite, Augmented Reality (AR) for convenience in comprehending 3D models, and horizontal steering control. Such features offer payload management and showcase payload data on an individual screen for grade control.
  • Hemisphere GNSS, Inc. completely bought Outback Guidance Business from an agriculture solution supplier named AgJunction, Inc in September 2018. With this acquisition, Hemisphere GNSS, Inc.’s motive was to extend its business product line in the agricultural sector.

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Key Segments

By Type:

  • Total Stations
  • Global Navigation Satellite Systems (GNSS)
  • Laser Scanners
  • Sensors
  • Others

By Vertical: 

  • Infrastructure
  • Commercial
  • Residential
  • Industrial
  • Others

By Equipment:

  • Excavators
  • Loaders
  • Graders
  • Dozens
  • Scrapers
  • Paving systems
  • Others

By Region:

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

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 favour 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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Future of Polyvinyl Chloride Market: Emerging Trends and Opportunities

Polyvinyl chloride (PVC) is a synthetic polymer that is widely used in various applications due to its versatility, durability, and affordability. PVC is produced from the polymerization of vinyl chloride monomer, which is a colorless gas that is highly toxic and flammable. Therefore, the production process of PVC requires stringent safety measures to prevent any health or environmental hazards.

PVC is commonly used in the construction industry for applications such as pipes, fittings, and roofing sheets. It is also used in the manufacture of electrical cables, flooring, and medical devices. PVC can be easily molded into various shapes and sizes, making it suitable for a wide range of applications.

Over the forecast period (2019-2029), the polyvinyl chloride (PVC) market is anticipated to increase positively at a CAGR of about 4.2%. Pipe & Fittings is the main end-use industry driving the PVC market’s expansion.

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Key Takeaways of the Market Study

  • Pipes & fittings will remain the leading end-use category.
  • Rising infrastructural activities in emerging countries is steering the demand for PVC.
  • Rigid form of PVC to remain preferred variant through 2029 owing to diverse applications such as automotive and construction.
  • Attributes such as high corrosion resistance, endurance and durability are complementing the market growth.
  • Manufacturers continue to tap opportunities in PVC alternatives to fortify their market hegemony.
  • Gains in global market would remain concentrated in Asia Pacific.
  • The US market is set to register double-digit CAGR during the forecast period.
  • Fluctuation in raw material prices would continue to be a major roadblock for PVC market growth.

Asia Pacific Procures More than 61% Market Share

Use of PVC in wide spectrum of end-use industries such as manufacturing, automotive and construction is hurtling the Asia Pacific market. Emerging countries such as China, Indonesia, Vietnam and India will augment the demand for PVC through 2029. Therefore, Asia Pacific accounts for majority share in PVC market on the back of rapid industrialization.

On the other hand, consumers in developed markets such as the United States have greater economic wealth. This is a key driver fuelling the rise of PVC alternatives such as high-density polyethylene (HDPE). Such recyclable substitutes of PVC are increasingly being favored by consumers and manufacturers alike.

Innovation to Remain Crucial Strategic Tenet of Leading PVC Producers

Key players profiled in this FMI study, include but are not limited to, Arkema S.A., Ineos Chlorvinyls Ltd., BASF SE, Chinyang Chemical Co. Ltd., Saudi Plastic Products Company Ltd., Formosa Plastics Corporation, Premier Polyfilm Ltd., The Chemical Company, and Occidental Petroleum Corporation.

Competitive leadership in global market will be determined by product innovation and sustainability efforts during 2019-2029. For instance, INOVYN was voted by consumers for ‘Best Polymer Producers Awards for Europe 2017’. The company announced its plans for expanding its operations in Norway (2018).

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Polyvinyl Chloride (PVC) Market Segmentation

By Type

  • Rigid
  • Flexible

By End Use

  • Construction
  • Electrical Cables
  • Transportation
  • Packaging

By Application

  • Pipes & Fittings
  • Films & Sheets
  • Cables
  • Pastes
  • Profiles

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Roofing Materials Market Analysis: Regional Insights and Competitive Landscape

Roofing materials are an essential component of any building, serving as the primary barrier between the interior of the structure and the outside environment. There are a variety of roofing materials available, each with its unique advantages and disadvantages. Some of the most commonly used roofing materials include asphalt shingles, metal, clay and concrete tiles, slate, and wood.

Future Market Insights recently published a detailed study on worldwide sales of and advancements in modern-day roofing materials, and it reveals that the global market value reached approximately 115 Bn in 2018. An exponential increase in number of both of residential and commercial buildings, catering to ever-rising population, are mainly triggering the sales of roofing materials.

As the global focus on sustainability of every aspect of an industry intensifies, manufacturers are increasingly targeted towards materials with low impact on the environment. Moreover, greater awareness of the value of roof space and potential of unique roofing materials other than keeping occupants warm and dry has been influencing the innovation strategies, opines the FMI study.

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Roofing Materials Market Study: Key Takeaways

  • The global roofing materials market is projected to record CAGR of 4.2% during the forecast period (2019-2029).
  • North America’s market, accounting for 46% of the total value, will continue to exhibit an impressive growth rate through 2029.
  • High growth opportunities are expected in Asia Pacific, due to rapid expansion of construction industry in developing countries
  • In 2018, total sales of roofing materials in India accounted for revenues worth over US$ 7.3 Bn.
  • Asphalt shingles are projected to account for relatively high share, following restrictions on bitumen in developed markets.
  • New installation of roofing materials will continue to influence growth strategies, while manufacturers are focusing on capitalizing on rapidly increasing retrofitting activities.
  • High adoption in residential sector remains key growth influencer, while rising application in commercial setting is likely to result in increased market share.

Manufacturers Eyeing Lucrative Opportunities in Developing Markets

In recent years, a number of population in urban cities of Asian pacific countries have been increasing on a significant pace, thereby potentially raising the need for both residential and commercial buildings. This, in turn, is weighing on same scale as increasing demand for roofing materials. In the view of growing labor concerns across the globe, market players are seeing developing countries from manufacturing perspective, where operation as well as labor costs are relatively low. Furthermore, in Middle East & Africa, demand for roofing materials is expected to grow strong going forward, owing to recent economic development in several countries.

Green Roofing with High Aesthetic Appeal: A Key to Gain Competitive Edge

In order to align with sustainability trends while maintaining an aesthetic appeal of their products, roofing companies and shingle manufacturers are increasingly entering into partnership with designers to offer consumer-centric products. Maintaining a long-term relationships with customers by offering better quality products and services also remain a key focus area of manufacturers.

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Roofing Materials Market: Segmentation

By Product:

  • Asphalt Shingles
  • Concrete & Clay Tiles
  • Plastic Roof
  • Metal Roof
  • Others

By Application:

  • Residential
  • Non-residential

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • MEA

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Analysis of the Tile Adhesive Market: Trends, Challenges, and Opportunities

The market for tile adhesive is expected to reach US$ 4.8 billion by 2032, with sales increasing at a 6.9% CAGR throughout the study period. The market for tile adhesives is anticipated to increase as construction activity rises in both developing and developed countries. In addition, the market is anticipated to see prospects for expansion due to the rising repair and renovation of existing structures.

One of the major drivers propelling the construction chemicals market, which will directly affect the tile adhesive market, is the growth of the residential building and construction industry. Due to the expanding residential and commercial construction activity throughout emerging nations, the demand for chemicals in the construction industry is anticipated to rise.

Demand for tile adhesive is still being driven by changing end-user demand for durable and quick-fix tile adhesive. Sales will also increase during the projection period due to rising knowledge of the advantages of this adhesive, such as its durability and time-saving quality due to its quick mixing ability.

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“Increasing establishment of public infrastructure across rural areas in emerging economies, along with rising construction of smart cities will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By type, sales in the cementitious segment will increase at a 6.1% CAGR through 2032.
  • Based on application, the floor segment is anticipated to dominate the market, accounting for about 52.9% of the total market share.
  • In terms of end use, the residential segment is projected to create an absolute dollar opportunity worth US$ 1.1 Bn Mn during the forecast period.
  • The U.S. will dominate the North America tile adhesives market, creating an absolute dollar opportunity of US$ 305.8 Mn.
  • The Germany tile adhesive market will create an absolute dollar opportunity of US$ 62.2 Mn over the forecast period.
  • Demand in the China tile adhesives market will increase at a 8% CAGR over the assessment period.
  • In terms of region, tile adhesive sales in East Asia are estimated grow at a CAGR of 7.8%.

Competitive Landscape

  • 3M Company
  • Henkel AG
  • Illinois Tool Works (ITW Plexus)
  • Huntsman
  • Ashland
  • Sika
  • H.B. Fuller
  • Royal Adhesives
  • Uniseal
  • Ellsworth Adhesives
  • Bickers Klebetechnik GmbH
  • wedi GmbH
  • 1a Bauchemie GmbH
  • AB BECHCICKI Sp
  • Akzo Nobel Deco GmbH

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Key Segments Covered in Tile adhesive Industry Analysis

By Type:

  • Cementitious
  • Dispersion
  • Resction Resin

By Application:

  • Wall
  • Floor
  • Ceiling
  • Others

By End Use:

  • Residential
  • Commercial
  • Industrial and Institutional

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 Us:

Future Market Insights Inc.
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T: +1-845-579-5705
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Exploring the Environmental Remediation Technology Market: Trends and Forecasts

The global environmental remediation technology market was worth US$ 739.42 Billion in the year 2022 and is expected to reach US$ 1362.15 Billion by the year 2032 at a CAGR of 6.3% between 2022 and 2032.

Environmental remediation could be referred to as restoring environmental media like groundwater, soil, surface water, or sediments polluted by the pollutants and proving to be dubious to biological life.

It has been observed that environmental remediation initiatives all through are an outcome of governments’ interventions and rules; and are looked upon as a long-term, full-fledged solution for getting away with toxins from groundwater and soil.

Solid waste, and aerosols, or any kind of oil spill are cleaned through environmental remediation procedures.

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The mining chemicals do impact soil, thereby necessitating employing remedial treatments. As oil & gas and mining companies contribute for contamination of groundwater worldwide, the governments do mandate them to have operations using remediation technologies.

Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Environmental Remediation Technology Market’. It has its team of analysts and consultants deploying a macro- and micro-oriented approach in primary, secondary, and tertiary modes of research.

“With need to eliminate toxins from media like groundwater and soil, the global environmental remediation technology market is expected to grow well in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Environmental Remediation Technology market

  • North America holds the largest market share due to the US and Canada being subject to presence of environmental protection agencies in this area.
  • Europe holds the second-largest market share on the back of Germany and the status quo is expected to remain unchanged even in the forecast period.
  • The Asia-Pacific is expected to witness growth at a rapid pace in the environmental remediation technology market going forward with growing consumption of oil and gas with government policies being implemented for environment preservation.

Competitive Technology

  • Tarmac, in August 2022, did install hordes of solar PV (photovoltaic) panels at Birmingham Asphalt Plant located at Washwood Health with the objective of attaining net zero ambitions as a leading sustainable building materials and construction solutions company all across the UK.
  • ENTACT team, in August 2022, did attend the 12th International Conference on Remediation of Chlorinated and Recalcitrant Compounds held at Palm Springs (California) between May 22 and 26, 2022. ENTACT Project Director named ‘Mark Fleri’ did give a poster presentation regarding regulatory overview, design, and the implementation of Zone A drum removal at Pasco Sanitary Landfill NPL Site.
  • Skeleton Technologies is known for creating ultra-capacitors with notable power density and energy. Ultra-capacitors, better known as supercapacitors, are capable of holding a noteworthy quantity of electrical charge. The end-use verticals include trains, buses, and automobiles.
  • Bakeys does make edible cutlery, which could prove to be a good alternative to single-use plastic. The components of Bakeys cutlery include flours of millet, wheat, rice, and sorghum. Chopsticks, forks, and spoons are made out of these.
  • Cirrus Shower makes use of CloudMaker technology for transforming shower into pressurised mist. This type of dispatch, in comparison with conventional shower stream, does save between 45-75% of water.
  • The DEME Group, along with Mourik, invested US$ 7.8 Million in soil recycling centers for PFAS (Polyfluoalkyl Substances) containing soil in March 2022.
  • AECOM, in March 2021, came up with its very first large-scale field demonstration of DE-FLUORO, the first economically and environmentally sustainable treatment technology eliminating PFAS from contaminated liquids without generation of hazardous waste.

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What does the Report state?

  • The research study is based on technology type (thermal desorption, excavation or dredging, SEAR (Surfactant Enhanced Aquifer Remediation), pump and treat, solidification and stabilization, in situ oxidation, soil vapour extraction, bioremediation, and non-remediation), and by application (oil and gas, mining and forestry, waste disposal sites, agriculture, automotive, and likewise).
  • With governments mandating removal of toxins from media like groundwater and soil, the global environmental remediation technology market is slated to grow on an unstoppable note in the near future.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Global Conveyor Belt Market Analysis: Top Players, Trends, and Forecasts

The global conveyor belt market is anticipated to reach a value of US$ 5,818.5 Mn in 2032, with sales growing at an average CAGR of 4.1% over the forecast period 2022 to 2032. Valued at an estimated US$ 3,893.20 Mn in 2022, the conveyor belt market is driven by the fast and efficient transportation of various heavy and bulky materials, particularly in the aerospace and industrial sector. The escalating adoption of these belts in the advancing power and mining industries will further contribute to the conveyor belt market during the forecast period.

Escalating activities of various industry verticals like manufacturing, power, and mining because of growing urbanization and industrialization, especially in emerging economies, will bolster the future prospect of the conveyor belt market. The application of these belts in different industries saves time, optimizes operations, and increases efficiency while transporting goods from one place to another. In addition to this, the development of new airports due to growing air traffic and rising need for smooth transfer of passenger luggage will further propel the conveyor belt market. Again, the application of conveyor belts in the food and beverage industry, construction and building sector because of the growing demand and consumption will contribute to the target market growth.

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With the incorporation of technological advancements into the conveyor belt system like the emergence of the green conveyor belt concept is expected to facilitate the market growth for the conveyor belt. Green conveyor belts are self-cleaning, prevent environmental pollution, and lessen the emission of harmful chemicals. The green conveyor belts are gaining more popularity amidst growing awareness of sustainability practices and environmental preservation. Along with healthy market possibilities, the conveyor belt market is faced with restraints like high initial investment and stringent regulations that may hamper the market growth over the forecast period.

“Increasing aerospace and industrial activities due to growing consumption and demand will likely supplement the market growth of conveyor belt over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Application in multiple industry vertical boosts market expansion over the forecast period.
  • Expensive periodic maintenance may stunt the market growth.
  • North America to account for 20.3% of the total revenue share.
  • Asia Pacific is predicted to offer lucrative market opportunities to the target product.
  • Start-ups in the market will benefit from distribution and implementation benefits.

Competitive Landscape 

Bridgestone Corporation, QingDao Rubber Six Conveyor Belt Co. Ltd., Goodyear, ContiTech AG, Zhejiang Double, Siemens AG, TGW Logistics Group, Emerson Electric Co., Intelligrated, Daifuku Co. Ltd., Interroll Holding GmbH, Vanderlande Industries B.V., Taikisha Ltd., Fives, and Swisslog among others, are some of the major players in the conveyor belt market that are profiled in the full version of the report.

Major market players are concentrating on new product development and supplying the product to multiple industries. Technological integration into the product is a strategy employed by many businesses in the market to gain a competitive advantage.

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More Insights into the Conveyor Belt Market Report

In its latest report, FMI offers an unbiased analysis of the global conveyor belt market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on type (crescent, floor, overhead, pallet, roller), belt type (heavy-weight, medium-weight, lightweight), material (polymers, metals), installation (stationary, portable), end user (automotive, airport, retail, industrial, poultry & dairy, food & beverage), and region.

According to the latest FMI reports, based on region, the conveyor belt market in North America is expected to exhibit impressive growth over the forecast period. The region is expected to lead the market, accounting for 20.3% of the market revenue. The thriving food and beverage industry coupled with the opening up of numerous airports is fueling the regional market growth.

In the Asia Pacific region, the conveyor belt market is predicted to be offered several profitable opportunities. The swift expansion of airports and expanding steel, food, mining, and cement industries, specifically in countries like India and China will likely supplement the market growth over the forecast period.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Emerging Markets for Castor Oil Derivatives: Growth Opportunities and Challenges

The market for castor oil derivatives worldwide had a value of US$ 1,220.4 million in 2021 and is projected to reach US$ 1,630.7 million by 2032, expanding at a CAGR of 3% during the forecast period.

FMI projects the global Castor Oil Derivatives market to expand at a 3% value CAGR by 2032. Castor oil is one of the most multipurpose plant oils, obtained by pressing the seed of the castor oil plant (Ricinus communis).It is well known source of a monounsaturated, ricinoleic and 18-carbon fatty acid. Owing to its unique chemical structure and rich properties, castor oil and its derivatives find uses in many industries such as cosmetics, food, lubricants, paints, agriculture, electronics & telecommunications, pharmaceuticals, perfumeries, plastics and rubber, inks & adhesives and textile chemicals. After plant oils, castor oil is considered to be the most required oil. However, growing concerns pertaining to biofuels specially biodiesel and biopolymer across the globe is pushing castor oil to play a much larger role in the world economy.

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Castor Oil Derivatives: Drivers & Restraints

Growth of major end-use industries (includes lubricants, cosmetics and pharmaceuticals) and increasing demand for sustainable products & biodegradable, on account of reducing dependence on petrochemicals is anticipated to fuel the demand for castor oil derivatives market. Also regulatory support and rising prices of alternative renewable chemicals is expected to drive the global castor oil derivatives market. However, factors influencing its manufacturing cost includes raw material availability, weather uncertainties, shortage of working capital, techniques & methods used for extraction and availability of substitute oil are resulting in restraints for the castor oil derivative market.

Castor Oil Derivatives: Region-wise Outlook

The global castor oil derivatives market is expected to register a double digit CAGR for the forecast period, 2015?2025. Asia-Pacific is expected to continue its dominance on the global castor oil derivatives market. India accounts for largest production of castor oil derivatives worldwide, followed by China and Brazil. Higher demand from the US, Europe and China has resulted in the higher prices for castor as well as increase in demand for castor oil derivatives. The major castor producing countries are India, China, Brazil, Paraguay, Ethiopia, Philippines, Russia and Thailand.

Castor Oil Derivatives: Key Players

Some of players in global castor oil derivatives market are Thai Castor Oil Industries Co. Ltd., Jayant Agro Organics, Hokoku Corporation, ITOH Oil Chemicals Co. Ltd., Gokul Overseas, Bom Brazil, Liaoyang Huaxing Chemical Co., Ltd., Kanak Castor Products Pvt. Ltd., and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Key Segments Covered in the Castor Oil Derivatives Market Study

Product Type:

  • Undecylenic Acid
  • Sebacic Acid
  • Castor Wax
  • Dehydrated Castor Oil
  • Others

Application:

  • Lubricants
  • Cosmetics & Pharmaceuticals
  • Biodiesel
  • Plastics & Resins
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedInTwitterBlogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

Exploring the Global Cellular Rubber Market: Trends and Forecast

The demand for cellular rubber is expected to be worth US$ 8.4 billion in 2022 and is projected to increase at a CAGR of 5.91% to US$ 15 billion from 2022 to 2032. Increased demand for the automotive industries is credited with growth.

Future Market Insights (FMI) recently published a business intelligence report on the global Cellular Rubber market. The study offers an all-inclusive compilation of the historical, current and future prospects of the Cellular Rubber market. The global industry analysis and opportunity assessment report by FMI reveals that the Cellular Rubber market is expected to register healthy growth over the forecast period (2022-2032).

The report offers in-depth analysis on significant trends and growth drivers which are having an impact on the Cellular Rubber market growth. New opportunities and challenges are also thoroughly analyzed to enable market players to make effective future business decisions.

According to the FMI’s report, the Cellular Rubber market is projected to record a CAGR of 5.91% over the forecast period. Significant growth of end-use industries, robust product innovations, and a wealth of distribution networks continue to influence growth of the Cellular Rubber market. FMI’s analysts rely on modern-day research methods for the compilation of the Cellular Rubber market report and gather data from a wide range of primary and secondary sources.

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Key Questions Addressed in the Cellular Rubber Market Report

  1. What are headwinds and tailwinds shaping the growth curve of the global Cellular Rubber market?
  2. Which factors will continue to influence growth of the regional Cellular Rubber market?
  3. What are the recent technological developments in the Cellular Rubber market?
  4. What are key challenges and competition threats faced by Cellular Rubber market players?
  5. How will evolving regulatory policies impact the market growth?

Cellular Rubber Market: Competition Assessment

The FMI’s Cellular Rubber market report provides a dashboard view of major players operating in the Cellular Rubber market. Some of the key players are:

  • Chicago Wilcox Mfg. Co. Inc.
  • Rogers Foam Corp
  • Stockwell Elastomerics
  • American Foam Rubber, LP
  • Foam Rubber LLC
  • Saint Gobain Performance Plastics
  • Metro Industries,
  • McMaster-Carr

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Cellular Rubber market.

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Cellular Rubber Market: Key Segmentation

Product Type:

  • Cellular Rubber Sheets
  • Cellular Rubber Rolls
  • Other Cellular Rubber Products

Material Type:

  • Cellular Nitrile Butadiene Rubber (NBR)
  • Neoprene Cellular Rubber
  • Ethylene Propylene Diene Monomer Cellular Rubber (EPDM)
  • Cellular Silicone Rubber
  • Other Material based Cellular Rubber

End User:

  • Cellular Rubber for Automotive
  • Cellular Rubber for Electronics
  • Cellular Rubber for Aerospace
  • Cellular Rubber for Other End Users

What value does the Cellular Rubber market study add to our client’s business intelligence needs?

  • Extensive analysis on evolving purchase pattern across different geographies
  • All-inclusive assessment of market segments and sub-segments
  • A comparative analysis of leading players and emerging players in the Cellular Rubber market
  • Reliable information on new product launches, technological advancements, and more
  • Valuable insights on the impact of regulatory framework on the global Cellular Rubber market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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Plain Bearing Market 2023 Development Status, Competition Analysis, Type and Application 2033

As per the plain bearing market report by FMI, the global market is expected to be worth US$ 10 billion in 2021 and US$ 17 billion by 2032, growing at a modest CAGR of 5% over the forecast period.

The rise of plain bearing applications is propelling the market forward. In addition, increased infrastructure spending, emerging technological projects, and heavy machinery development in China, India, the United States, Germany, and Brazil have further bolstered plain bearing market growth.

Potential uses in the oilfield, construction, automotive, aerospace, industrial, and energy industries drive the plain bearing market size. The industry’s expansion was driven by aspects such as high quality and durability and low-cost production.

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The global market study on plain bearing indicates that a rise in counterfeit goods might stifle market growth. The market’s growth pace would also be hampered by shifting input costs. Steel, tin-based alloys, chrome steel, and engineering plastics are among the most important raw materials used to adopt plain bearings. In the global marketplace, dramatic changes in several metals and crude oil prices have been recorded. This has a serious influence on plain bearing output and the increasing plain bearing market share.
The global plain bearing market is expected to record a valuation of US$ 13 Billion by 2026.

Competitive Landscape

A new market research report on the plain bearing market specifies that the major plain bearing material manufacturers in North America and Europe adhere to stringent government requirements. On the other hand, emerging regions have fewer or no industry regulations, albeit there are a few rules requiring the use of environmentally hygienic and safe plain-bearing items.

As a result, expanding markets in the Middle East, Africa, and the Asia Pacific provide plain bearing market opportunities for manufacturers. Furthermore, the robust success of end-use industries such as automotive, aerospace, energy, agriculture, construction, mining, and oil & gas can be attributable to the rising regions’ high development potential.

  • SKF Group committed USD 44.3 million in expanding and renovating its Airasca, Italy manufacturing site in March 2021. The investment will enable the Group’s largest production location in Italy to produce super-precision bearings for industrial applications.
  • Timken Company bought Aurora Bearing Company’s assets in December 2020. Rod ends, and Aurora Bearing Company manufactures spherical plain bearing types for various industries, including aerospace and defense, racing, off-highway equipment, and packaging.

Key Takeaways

  • FMI’s plain bearing market report states that the car end-use industry held the greatest proportion of the worldwide plain bearing market. The surge for simple bearings in the vehicle industry is mainly accountable for the rise.
  • Due to increased demand for plain bearings from various end-use sectors such as car, aerospace, construction, and energy in this area, the Asia-Pacific region led the global plain bearing market in 2020. China, India, and Japan lead the way in terms of plain bearing demand and supply in the Asia-Pacific area.
  • The European region accounted for the second-largest share of the worldwide plain bearing market. In the European region, Germany, France, and the United Kingdom are the top producers and consumers of plain bearing as per the plain bearing market outlook.

Furthermore, the introduction of smart bearings and rising economies will create new prospects for more plain bearings industry trends in the near future.

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In response to increased global demand for automobiles, the sales for plain bearing are also predicted to grow. Furthermore, the rising need for wind power generation, rising urbanization in emerging regions, and technical developments are all important market variables that will increase the plain bearing market potential. Plain bearings are lightweight, have a high load-carrying capacity, require less maintenance, have a longer life, and are exceptionally reliable. These plain bearing applications are propelling the industry forward as well. The market is also expanding as the need for bearings in the defense and aerospace industries increases.

Key Segments

By Type:

  • Journal
  • Linear
  • Thrust
  • Angular Contact
  • Others

By End User:

  • Construction Machinery
  • Automotive
  • Industrial
  • Aerospace
  • Energy
  • Agriculture & Gardening Equipment
  • Oilfield Machinery
  • Office Products
  • Others

By Region:

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

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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 Us :

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports

Refrigeration Coolers Market Is Expected To See a growth of 5.6% CAGR by 2033

Though the refrigeration coolers market growth was disrupted to a certain extent by COVID-19 in the last couple of years, the manufacturing sector is expected to pick up the pace gradually in the coming months. The refrigeration coolers market is predicted to move forward at a moderate pace with a CAGR of 6% from 2022 to 2032, following the refrigeration coolers market analysis by Future Market Insights (FMI).

The refrigeration coolers market is anticipated to garner a revenue of about US$ 5 Billion by 2027, with the factors mentioned above holding sway over the market.

Customized walk-in refrigerator installation has grown in popularity in recent years, emphasising the importance of efficient refrigeration in commercial applications. The use of safety equipment is required when working with ammonia-based refrigeration systems.

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Ammonia, when combined with certain hydrocarbons, is a flammable and corrosive refrigerant that has been shown to be lethal when inhaled. As a result, the demand for refrigeration coolers is reduced.

In the wake of the COVID-19 pandemic, increased demand for online grocery shopping and frozen food has prompted e-commerce companies to invest in refrigerated warehouses and cold storage, thereby facilitating the adoption of refrigeration coolers.

Key Takeaways:

  • Based on product type, medical refrigeration is likely to gain traction, thereby influencing the emerging trends in the refrigeration coolers market trends, given the rising graph of commercial refrigerators for salein hospitals and other medical facilities, particularly in emerging economies.
  • By application, the refrigeration coolers market is projected to be dominated by commercial applications owing to its wide array of applications. These coolers are helpful concerning commercial fridges, such as beverage fridges
  • By refrigerant type, ammonia is expected to lead the industrial refrigeration marketas it is a common refrigerant in industrial refrigeration systems around the world and meets the low-GWP standard.
  • As per the refrigeration coolers market outlook, the supermarket segment is estimated to account for the largest share of the global refrigeration marketby end-use.
  • The refrigerator coolers market is forecasted to reach US$ 3.6 Billion by mid-2022.

“The refrigerated cooler market in Asia-Pacific is expected to grow at the fastest rate where A.P.A.C. includes countries like China, India, and Japan, which are global leaders in terms of refrigerated warehouse capacity, and global market players are seeing strong demand from countries like China, India, Japan, and South Korea, where a high demand for food primarily drives population growth, and in turn broadening the refrigeration coolers market opportunities.” says an F.M.I. researcher.

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Key Segments

By Application:

  • Commercial
  • Industrial

By Component Type:

  • Evaporators
  • Air Coolers Condensers

By Refrigerant Type:

  • HFC/HFO
  • NH3
  • CO2
  • Glycol
  • Others

By Region:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East and Africa

Competitive Landscape:

A few notable commercial refrigeration companies are Daikin Industries Ltd., Haier Electronics Group Co., Ltd., Illinois Tool Works Inc. (I.T.W.), A.B. Electrolux, Panasonic Corporation, Ali Group Srl, Frigoglass S.A.I.C., Dover Corporation and United Technologies Corporation.

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About Us
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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