Understanding the Global N-Propanol Market: Trends and Forecast

According to Future Market Insights, the global N-Propanol Market Size is expected to grow from US$ 308.6 Mn in 2022 to US$ 420.6 Mn by 2032, with overall demand surging at 3.1% CAGR throughout the forecast period. Rising demand for paints, coatings, pharmaceuticals, etc. across the world is a key factor expected to drive the global market for n-propanol during the forecast period.

In recent years, end-use industries for n-propanol, including coating, food, and beverages, cosmetics, automotive, pharmaceutical, and construction have been growing at a global level. Most of these industries utilize n-propanol for various applications. Thus, expansion of these industries across the globe, especially in developing nations such as China and India, will play a crucial role in driving the global n-propanol market during the forecast period.

Similarly, growing demand for alternative fuels to conventional ones is expected to boost sales of n-propanol during the projection period. As renewable transportation fuels, liquid multi-carbon alcohols like n-propanol are a desirable option. They are simple to carry across large distances, have great energy densities, and can be used directly in place of conventional internal combustion engines. It is desirable to have engineering catalysts that prefer high-value alcohols.

In addition, increasing investment flow in this space and a rise in drug approvals by regulatory bodies are expected to fuel the drug manufacturing procedures, which in turn will positively impact the global n-propanol market.

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Despite several promising growth potentials, the market is currently facing several difficulties which are anticipated to limit the growth potential. Environmental regulations, particularly in the chemical sector, are becoming stricter when it comes to the usage of chemically treated products that are also linked to the development of risks when used close to people. This might serve as a barrier for the global market during the forecast period.

Key Takeaways from N-Propanol Market Study

  • The global n-propanol market is estimated to expand at 1% CAGR on a value basis through 2032.
  • By application, solvents segment is estimated to create an incremental $ opportunity of about US$ 60.5 Mn during the forecast period (2022-2032).
  • Based on end use, pharmaceuticals and coatings segments will generate maximum revenues throughout the forecast period.
  • North America and Europe are expected to collectively hold around 8% of the overall market share.
  • The U.S. is a prominent importer of n-propanol with an estimated import volume of 35,146.5 tons of n-propyl alcohol.
  • Demand for n-propanol across China is expected to grow at a steady pace over the next ten years.

Who is Winning?

The n-propanol market is highly consolidated in which key players are expected to account for a major share of the market. Some of the top manufacturers include BASF SE, The Dow Chemical Company, Eastman Chemical Company, Sasol Limited, OQ Chemicals, Spectrum Chemicals, Solvay S.A., Dairen Chemical Corporation, Zibo Nalcohol Chemical Co., Ltd., Solventis Ltd., and Hefei TNJ Chemical Industry Co., Ltd.

Key players are focusing on increasing their production capacity to expand their footprint all over the globe and to gain traction in the market. Further certain key players are focusing on investing in n-propanol production owing to a significant increase in the demand from the coating industry.

For instance, On July 29, 2021, BASF SE announced a joint R&D initiative with Eni to reduce the CO2 footprint of the transportation sector. The companies collaborated to develop sustainable technology to produce bio-propanol from industrial residues.

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More Insights into the N-Propanol Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global N-propanol market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented into application, end use, and region.

N-Propanol  Market Segmentation

By Application:

  • Solvents
  • Chemical Intermediates
  • Entrainer
  • Deicing Fluids
  • Others

By End Use:

  • Pharmaceuticals
  • Household & Personal Care Products
  • Chemical Production
  • Coatings
  • Anti-freeze
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • 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 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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Mining Explosives Consumables Market to Register Highest CAGR of 5.5% through 2032

The global mining explosives consumables market is anticipated to expand at a CAGR of 5.5% during the forecast period, finds Future Market Insights (FMI) in a recent analysis. Growing focus to reduce consumption of industrial explosives in mining of iron ore, coal, and other minerals is expected to remain a key growth driver for the market.

Mining explosives consumables are extensively used in the mining industry along with industrial explosives to decrease the powder factor of rocks. These consumables are also used to enhance the impact of explosives on the rocks by creating immense pressure with the help of the air deck.

Substantial use of industrial explosives for the mining of iron ore, coal, phosphate rocks, gypsum, bauxite, and other metals & quarries is expected to fuel demand. These consumables not only reduce the amount of explosives used but also help to reduce the carbon footprint of numerous mining companies.

Rising metal mining activities like lithium, cobalt, and others would create ample opportunities for key manufacturers. They can target specific regions with high mining potential to bolster their annual turnover. East Asia and South Asia Pacific regions are projected to dominate the global market owing to high mining activities.

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Key Takeaways: Mining Explosives Consumables Market

  • The mining explosives consumables market witnessed steady growth at 6% CAGR during the historical period between 2017 and 2021.
  • By type, gas bags are estimated to witness considerable growth at a CAGR of 6% in the next ten years.
  • Based on application, the coal mining segment is expected to account for more than two-third of the overall consumption volume of mining explosives consumables in the next ten years.
  • Australia is expected to account for around 50% of mining explosives consumables demand in the South Asia Pacific region during the assessment period.
  • The global mining explosives consumables market is set to be valued at around US$ 131.2 Mn by the end of 2022

Competitive Landscape: Mining Explosives Consumables Market        

Key participants operating in the global mining explosives consumables market included in the report are MTI Group, Ideal Supply Inc., Stemlock, Inc., Australasian Mining Services (Pty) Ltd., PR Polymers, Layfield Group. Ltd., TIME Limited, Blasters Tool & Supply Co., Inc., Sarco Stopper Ltd., and Better Blasting among others.

Key market participants are investing in the expansion of their installed capacity, as well as global presence. Market players are also heavily involved in research and development activities to innovate their products and strengthen their product offerings. With the growing requirement for application specific products, key players are set to be benefited with strengthening of their product portfolios.

For instance:

  • The KOOLKAP Down-Under Bags, which were developed to withstand Australia’s severe weather conditions, are well suited for usage everywhere in the world and deliver exceptional performance even at elevations of over 4,500 meters.

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More Insights into the Mining Explosives Consumables Market Report

In its latest report, FMI offers an unbiased analysis of the global mining explosives consumables market, providing historical data from 2017 to 2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on type (gas bags (vinegar gas bags, inflated gas bags, self-inflating gas bags and others) and accessories (pin flags, solar lights, cone sleeves, blast hole liners, and others); application (iron ore mining, coal mining, bauxite mining, phosphate rocks and others) across six regions (North America, Latin America, Europe, East Asia, South Asia Pacific, and the 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 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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Biocides Market Size & Forecast to 2033 | Top Players Clariant AG, Lonza Group, ICL Group, BASF SE, DOW

The biocides market is anticipated to thrive at an average CAGR of 3.4% between 2023 and 2033. The market is anticipated to surpass US$ 12.5 billion by 2033, while it holds a revenue of US$ 8.9 billion in 2023.

A wider range of applications as a preservative and germ-controlling agent is propelling the growth of the biocides market. Furthermore, advanced pharmaceutical companies are implementing biocides to shelf their medicines for longer usage.

In expanding packaged food industry, look for an affordable preservation option provided through biocides. Restoration of the FMCG sector has also ended up thriving the growth of the biocides market.

Emerging economies such as India and China are building their medical and pharmaceutical industry. Even India has been recognized as the “pharmacy of the world” as it fuels the manufacturing and production of drugs, flourishing the sales of biocides solutions.

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The use of phenolics biocides in different surgical procedures has also been highlighted recently and is likely to thrive the demand for biocides.

Its use in botanical experiments to eliminate microorganisms and plants helps research and development programs. Thus, the future of the biocides market looks promising.

Higher food exports between nations and the restoration of sea trade post-pandemic demand for a sustainable preservation solution. The biocides solution fits right in the picture, preventing the food items from getting exposed to microorganisms.

Key Points

  1. The Chinese market is the biggest and fastest market for preservation technology and is anticipated to cross a value of US$ 3.0 Bn by 2033. The regional market is expected to thrive at an average CAGR of 4.4% between 2023 and 2033.
  2. The US market thrives at the highest CAGR of 2.9% during the forecast period. The market is likely to reach a value of US$ 2.5 Bn by 2033.
  3. The halogen compound segment is expected to thrive in the product category due to its wider application including the water treatment sector and the paint industry. It is expected to thrive at a CAGR of 3.4% during the forecast period.
  4. Industrial grade tops the grade type segments with a CAGR of 3.3% between 2023 and 2033 while it thrived at a lower CAGR of 2.3% during the previous forecast period.

Competitive Landscape

The focus of key competitors try to deliver the application-specific biocides solution. Furthermore, advanced pharmaceutical companies have extended their research verticals as their in-house biocides production.  Key players in the market are: Clariant AG, Lonza Group, ICL Group, BASF SE, DOW, Veolia, Troy Corporation, Nouryon, Kemira Oyj, Ecolab USA Inc, Albemarle Corporation, Solvay SA, Lanxess AG, and Buckman Laboratories International.

For instance:

  • Clariant AG has introduced its biocides for paints and coatings named as NIPACIDE that protects the paint from microbial contamination. The major biocide products are nipacide BIT 10 W, nipacide BIT 20, and nipacide BK.
  • Veolia has launched its Hydrex 7000 biocide chemicals for water treatment that eliminated slime, formation of hydrogen sulfide, corrosion and biofueling

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Key Segments

By Grade:

  • Food Grade
  • Pharmaceutical Grade
  • Industrial/ Technical Grade

By Type:

  • Halogen Compounds
  • Metallic Compounds
  • Organic Acids
  • Organo-sulfurs
  • Nitrogen
  • Phenolic
  • Others

By End Use:

  • Agrochemicals
  • Food & Beverages
  • Water Treatment
  • Paints & Coatings
  • Cosmetics & Personal Care
  • Oil & Gas
  • Pulp & Paper
  • Wood Preservatives
  • Cleaning Agents
  • Others

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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Automotive Air Intake Manifold Market to be worth US $52,813.4 Million by the year 2032. | CAGR of 4.9%

According to Future Market Insights (FMI), the automotive air intake manifold market is poised to reach US$ 52,813.4 Mn by 2032 and register growth at 4.9% CAGR over the forecast period (2022-2032).

A push for personal mobility, demand for comfort and safety, preference for premium features and advanced safety is expected to drive the demand in the market. Further, continuing evolution of automotive technology, including driver assistance technologies, and automated driving systems are expected to facilitate the growth in the market.

Further, key players are aiming to deliver even more significant safety benefits and meet the increasing demand for fuel-efficient vehicles. Rising demand for road transportation and growing government intervention in promoting sustainable production of vehicles is likely to propel market growth.

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The material technologies in the automotive air intake manifold have significantly changed, with cast iron, aluminum, and composite plastics. The rising wave of new material technologies, such as nylon 6,6 composite material and impact-resistant plastic, are creating significant potential for automotive air intake manifolds to evenly distribute the combustion mixture to each intake port in the cylinder head, which optimizes the efficiency and performance of the engine.

Rising demand for high-speed racing cars, and stringent regulations to use light-weight materials to improve vehicle maintenance, such as aluminum and advanced composites in passenger cars and commercial vehicles, are critical factors attributed to the automotive air intake manifold market.

Key Takeaways from Market Study

  • By material type, the aluminum is estimated to account for the highest share of more than 49% in terms of value in 2022.
  • On the basis of vehicle type, the passenger and sport cars will dominate the market creating an incremental opportunity of nearly US$ 15,199.8 Mn from 2022 to 2032.
  • By sales channel, OEM is set to account for more than 89% of the global automotive air intake manifold market.
  • Based on manifold type, the dual plane segment is expected to register fastest growth over the forecast period.
  • The U.S. is expected to spearhead the growth in automotive air intake manifold market during the evaluation period.
  • Japan and Korea are expected to vanguard the sales in East Asia automotive air intake manifold marke through 2022 & beyond

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“For better performance and volumentric efficiency of the vehicle, demand for automotive air intake manifold market is expected to surge. Further, with growing production of sustainable and fuel-efficient vehicles, manufacturers are predicted to boost the production of automotive air intake manifold and gain competitive edge”, says a Future Market Insights analyst.

Market Landscape

The automotive air intake manifold market is identified to be consolidated, comprising market players such as Röchling SE & Co. KG, Marelli Holdings Co., Ltd., MANN+HUMMEL, MAHLE GmbH, and Donaldson Company, Inc. Market players forming supply contracts with local and regional automotive ancillaries are expected to drive market growth. Furthermore, tie-ups between intake manifold manufacturers are fueling automotive air intake manifold market growth. Moreover, the continual dependency of local automotive OEMs on aftermarket sales will surge demand for automotive air intake manifold during the forecast period.

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Key Segments Covered in Automotive Air Intake Manifold Market Analysis

Manifold Type:

  • Single Plane
  • Dual Plane
  • HI-RAM
  • Supercharger Intake

Vehicle Type:

  • Passenger and Sport Cars
  • Light Commercial Vehicles
  • Heavy Commercial vehicles

Material Type:

  • Aluminum
  • Magnesium Alloy
  • Cast Iron
  • High-Performance Plastics & Composites

Sales Channel:

  • OEM
  • Aftermarket

Region:

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

Automotive air intake manifold Market Projection

The rising trend among automakers to offer automotive air intake manifolds as a mandatory component in their vehicles Passenger cars are one of the significant vehicle segments supporting the expansion. The sector is anticipated to benefit from expanding auto production and rising sales of sports, luxury, and high-end vehicles.

The global automotive air intake manifold market report offers noteworthy insights and analysis for the forecast period of 2022-2032. The report includes macroeconomic factors, regional pricing analysis, market dynamics, value chain analysis, market value, and volume analysis, emerging market trends, important stakeholders, a list of manufacturers and distributors, an industry roadmap for the last five years, channel partners, and strategies deployed by market players to gain a competitive edge.

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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Plug-in Hybrid Electric Vehicles (PHEV) Market to cross US $3,80,665.9 Million by the year 2032, Says Future Market Insights

The global plug-in hybrid electric vehicles (PHEV) market is anticipated to create an absolute dollar opportunity by projecting a healthy-paced CAGR of 18.5% throughout the forecast period from 2022 to 2032. The global market was valued at US$ 69,720.5 Million in 2022. The market value of the plug-in hybrid electric vehicles (PHEV) market is anticipated to reach a high of US$ 3,80,665.9 Million by the year 2032. According to the historical analysis conducted by Future Market Insights, the market registered a CAGR of 14.4%.

The market for plug-in hybrid electric vehicles (PHEV) has been witnessing phenomenal growth over the historic period. The growth of the market is attributed to the growing public emphasis on the utilization of sustainable vehicles. Keeping in mind the present climatic conditions and promoting better health of the population. The market is expected to further poised to grow at a robust pace as plug-in hybrid cars are presently enjoying popularity across the globe, thus contributing to the overall heightened sales of PHEV over the upcoming years.

The PHEV market is predicted to create sustainable growth opportunities on the account of growing awareness all over the fuel efficiency of hybrid electric vehicles. In addition to that, key manufacturers of PHEVs are concentrating on utilizing existing electricity infrastructure. They are also focusing on greening up the grid instead of developing an entirely new infrastructure to refuel vehicles for the accommodation of greener liquid fuels. Therefore, promoting the convenience of plug-in hybrid electric vehicles and contributing towards increased sales.

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Key Takeaways

  • The global plug-in hybrid electric vehicles application is on the rise as it helps in minimizing fuel usage and promotes the vehicle’s cost-efficiency. The automobiles are configured to charge the internal combustion engine with the help of an electric motor and other fuel like diesel or gasoline.
  • Since the transportation sector is known for being a primary source of heightened GHGs. i.e., greenhouse gas emissions. Various policymakers are incorporating favorable regulations that will encourage the usage of electric vehicles (EVs), such as plug-in hybrid vehicles (PHEVs) in order to motivate the public to use alternative fuels, such as electricity, etc.
  • The market is actively being supported by federal and state policymakers working rigorously towards the rapid expansion of charging station infrastructure. Furthermore, the demand to decrease dependence on fossil fuels is one of the key factors contributing to the adoption of PHEVs across the globe.
  • The ongoing research and development activities are helping in bringing down the prices of electric vehicles by adopting new technologies and bringing a new type of plug-in hybrid vehicles every year are predicted to spur market growth in the forecast period of 2022-2032.

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Competitive Landscape

Various companies in the market are focusing on extending their portfolio of electrified automobiles to efficiently cater to the changing needs of the customers while simultaneously retaining their competitiveness globally.

Some of the major companies have developed new products which offer the benefits of two cars in one. These products are anticipated to offer the benefits and flexibility of both longer trips and everyday driving. The automotive functions as a hybrid car and can be charged just like other electric vehicles.

At present, the Asian continent is poised to create robust opportunities over the assessment period. In countries like India, the emergence of hybrid vehicles is attracting cost-conscious buyers. These hybrid automobiles meet stricter emission norms, while the current prices of motor fuel are soaring in the country. Hybrid vehicles may be costly in comparison to traditional petrol cars but may offer significant fuel efficiency in comparison to petrol-run cars.

The market players pay keen attention to maintaining superior quality of the products and innovation. Furthermore, they are also trying to diversify their range of manufacturing, indulging in mergers and acquisitions, and adopting organic growth strategies for a strong foothold in the global market.

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Plug-in Hybrid Electric Vehicles Market by Category

By Vehicle Type, Plug-in Hybrid Electric Vehicles Market is segmented as:

  • Passenger car
  • Light Commercial Vehicle

By Technology, Plug-in Hybrid Electric Vehicles Market is segmented as:

  • Series
  • Parallel
  • Series-parallel

By Region, Plug-in Hybrid Electric Vehicles Market is segmented as:

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

More Insights into the Plug-in Hybrid Electric Vehicles (PHEV) Market

The European market is anticipated to dominate the global plug-in hybrid electric vehicles (PHEV) market. The growth of the region is attributed to the rising implementation of favorable policies that are actively promoting the usage of automobiles that lower greenhouse gas emissions, thus contributing towards a greener planet. Furthermore, the European population is embracing technologically advanced HEVs. They are known for their cost and fuel efficiency, therefore facilitating the market growth of PHEVs in the region.

The rapid expansion of charging station infrastructure combined with the support of private industry and federal and state policymakers are strengthening the market size in this region. Another key driver for the regional growth includes the rising R&D activities to develop newer versions/types of plug-in hybrid electric vehicles.

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:

Future Market Insights, Inc.
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Automotive Brake Friction Products Market to surpass US $17.2 Billion by the year 2032, Says Future Market Insights, Inc.

The global automotive brake friction products market is expected to create lucrative growth opportunities with an opulent CAGR of 4.8% during the forecast period from 2022 to 2032. The market was valued at around US$ 10.4 Bn in 2021 and is likely to reach a valuation of US$ 17.2 Bn by 2032.

The automotive brake friction products market achieved a growth rate of around 3.6% during the historic period from 2017 to 2021. The automotive brake friction products incorporate a brake pad, liner, drum brake, brake shoes, and a disc brake that is expected to help in reducing the speed of a vehicle.

Furthermore, metallic automotive brake friction products are used primarily in brake shoes. Revenue through brake shoes reported a growth rate of 3.1% during 2017-2021 and is expected to witness 4.2% during the forecast period.

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Key Takeaways

  • Improving the life of automotive brake friction products and advanced brake technology is predicted to hamper the replacement rate of brake friction products within vehicles. The strict government regulations and the need to operate under all environmental conditions have made the manufacturers of brake friction products use materials that increase durability.
  • Surging improvements within brake friction products are anticipated to reduce the number of replacements in vehicles, therefore, reducing the demand for brake friction products. In addition to that, for OEMs, brake friction products that are less prone to wear, and have a noise-dampening effect, durability and controlled friction are paramount.
  • Heightened global demand for automotive components has made it attractive for counterfeiters. There has been a rise in counterfeit products like brake pads, brake linings, and other related automotive components that makes them non-differentiable from the original products. Brake friction products manufactured by OEMs are expensive but of good quality.
  • Approximately 20% of road accidents in India take place due to counterfeit products. According to the report of FICCI, counterfeit auto parts cost the government of India a loss of US$ 282,912. To combat the illicit trading of automotive components, various agencies have taken action.

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  • The U.K. government joined hands with the automotive industry along with the trading platform which assisted them to launch a consumer awareness campaign to fight counterfeit brake friction products. Online platforms such as Amazon and eBay have also taken a stand on buying aftermarket vehicles. Alibaba banned the listings of offerings brake pads and related components on its platform.
  • The metallic disc material is anticipated to achieve a growth rate of around 3.2% during the historic period from 2017 to 2021 and is likely to witness a 4.5% CAGR during the forecast period. Metallic material is subject to higher use in brake friction products due to its capacity of being resistant to heat. They do not compress, unlike ceramic material which makes them ideal for stopping against heavy equipment.
  • On the basis of product type, brake shoes are anticipated to be the fastest growing in the aftermarket. Brake shoes accounted for 3.2% CAGR from 2017-21. Brake shoes last much longer because of their location in the rear of the vehicle and create enough space to produce friction needed to stop the car and do not require as much stopping force compared to brake pads. The anticipated growth rate of brake shoes is 4.5% during the forecasted year of 2022-2032.

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Competitive Landscape

Key players in the global automotive brake friction products market are massively aiming at expanding their manufacturing facilities, investing in research and development along with innovating new products.
The key companies operating in the automotive brake friction products market include ABS Friction, Bendix Spicer, Robert Bosch, Nisshinbho Holdings Inc., Brembo S.p.A, Tenneco Inc., Federal-Mogul, Delhphi, Akebono Brake Industries, Miba AG, Aisin Seiki Co., Ltd., Macas Automotive, Masu brakes Pvt Ltd, Sundaram Brake Linings Ltd, Standard Friction Components Ltd, Japan Brake Industrial Co., Ltd, and Toughla Brake Linings.

Key Segments Covered in Automotive Brake Friction Products Industry Survey

Automotive Brake Friction Products by Disc Materials:

  • Metallic
  • Ceramic
  • Composites

Automotive Brake Friction Products by Product Type:

  • Brake Shoes
  • Break Pad
  • Brake liner
  • Disc Brake
  • Drum Brake

Automotive Brake Friction Products by Vehicle Type:

  • Passenger Vehicles
  • Commercial Vehicles

Automotive Brake Friction Products by Region:

  • North America Automotive Brake Friction Products Market
  • Latin America Automotive Brake Friction Products Market
  • Europe Automotive Brake Friction Products Market
  • South Asia Automotive Brake Friction Products Market
  • East Asia Automotive Brake Friction Products Market
  • Oceania Automotive Brake Friction Products Market
  • Middle East & Africa Automotive Brake Friction Products Market

More Insights into the Automotive Brake Friction Products Market

China is predicted to account for over 30% of the global automotive brake friction products market. China is expected to create an absolute dollar opportunity by accounting for a total market share of around US$ 361.2 Mn by 2032. With the rise in ABS and EBD brake technologies, the demand for brake friction products is increasing continuously. The market in China is anticipated to reach a market size of US$ 1.2 Bn by 2032.

Japan accounted for around 24% of the global market share in automotive brake friction products in 2021. The absolute dollar opportunity growth in Japan is projected at US$ 219.1 Mn during the forecast period. Japan continues to extend its offering in the Middle East and Asia for Industrial and Automotive OE in the aftermarket. Japan’s anticipated market size in the automotive brake friction product market is expected to reach US$ 924.7 Mn during the forecast period.

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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.

Contact:

Future Market Insights, Inc.
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T: +1-845-579-5705
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Automotive MEMS Sensor Market to be US $9.75 Billion by the year 2032 | Future Market Insights

The global automotive MEMS sensor market is anticipated to create lucrative growth opportunities over the forecast period by registering a total CAGR of 15% from 2022 to 2032. The global market garnered a market value of US$ 2.41 Billion in 2022 and is expected to surpass a valuation of US$ 9.75 Billion by 2032. The growth of the market can be attributed to the penetration of technologically advanced vehicles across the globe. The automotive micro-electro-mechanical systems (MEMS) sensors are computer systems that efficiently control and maintain the entire mechanical, electronic, and electrical systems of the automobile.

The application of MEMS inertial sensors has unlocked various desirable features that are among the most common features in automobiles these days. Several applications have become well-known because they have become universal in automobiles. These systems are a combination at the nanoscale of NEMS (nanoelectromechanical systems) and nanotechnology. Certain applications comprise the most advanced features that are mainly found in high-end models; however, they are also destined to become standard.

Automotive MEMS sensors can be classified on the basis of functions such as crash sensing for airbag control, vehicle dynamic control, rollover detection, antitheft systems, electronic parking brake systems, vehicle navigation systems, and others. Furthermore, automotive MEMS sensors primarily consist of a microprocessor/central unit that processes data and several microsensors that interact with the surroundings. Commonly used materials for automotive MEMS sensor systems/semiconductor device fabrication are silicon, polymers, and metals such as gold, nickel, aluminum, copper, tungsten, chromium, titanium, platinum, etc.

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Key Takeaways

  • The increasing demand for technologically advanced vehicles all over the world is one of the primary factors driving the automotive MEMS sensor market. In addition to that, government regulations regarding safety features to reduce the usage of fuel as well as the increasing demand for vehicles with better mileage by the general public are some of the major factors boosting the adoption of automotive MEMS sensors in the automotive industry.
  • Attributing to the steady growth of alternative vehicle choices, such as technologically advanced hybrid vehicles or pure electric cars, in various regions has contributed significantly to the automotive MEMS sensor market due to the high complexities of these automobiles over conventionally used vehicles.
  • The ease of driving, security concerns, driver safety, and the demand for vehicles that require low maintenance are also some of the factors driving the automotive MEMS sensor market. Furthermore, an automotive MEMS sensor system usually comprises mechanical and electronic components working in tandem with each other. The perfect integration of these components is a major challenge, which can, in turn, hinder the growth of the automotive MEMS sensor market.

Competitive Landscape

Some of the prominent players in the global automotive MEMS sensor market are focusing on mergers and acquisitions in order to cater to the demands of consumers. Attributed to the presence of a such high number of participants, the market is highly competitive. Other key market players are focusing on offering semiconductor chips that are revolutionizing navigation in cars.

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Key Segments Profiled in the Automotive MEMS Sensor Market

By Application:

  • Airbag Control
  • Rollover Detection
  • Vehicle Dynamic Control
  • Electronic Parking Brake Systems
  • Antitheft Systems
  • Vehicle Navigation Systems
  • Other Applications

By Sales Channel:

  • OEMs
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicles
  • Internal Combustion Engines
  • Hybrid Vehicles
  • Battery Electric Vehicles (BEV)
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Region:

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

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More Insights into the Automotive MEMS Sensor Market

The European region is anticipated to dominate the global automotive MEMS sensor market. Due to the strong presence of the automotive industry in Germany, it has been anticipated to accelerate the demand for automotive MEMS sensors in Europe. Safety regulations while driving in the country are positively influencing the demand for automotive MEMS sensors.

The rapid production of electric cars and hybrid vehicles is contributing to the growth of automotive MEMS sensors in Europe. Thus, Europe is expected to register a CAGR of 13% for automotive MEMS sensors in the assessment period 2022-2032.

The Asia Pacific region is yet another area that is expected to be the fastest growing market in the automotive MEMS sensor market owing to an increase in the vehicle fleet in this region. Furthermore, government initiatives to increase foreign direct investments in countries such as India and China to increase manufacturing, and industrialization and improve the standard of living of the general population are also expected to play an important role in the growth of the global automotive MEMS sensor market during the forecast period. Therefore, owing to the reasons mentioned above Asia Pacific is expected to register a CAGR of 9% in the forecast period for automotive MEMS sensors.

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Loop Handle Bags Market Trends, Regulations and Competitive Landscape Outlook to 2032

Global Loop Handle Bags Market – Overview

The packaging has become an important constituent of modern life due to the ease of storage, transportation, and inclination of consumers towards the usage of bags. The choice of packaging solution depends upon different needs of consumers. Loop handle bags provide all the features of a bag and have loop handles.

Loop handle bags are mostly used for packaging of garments. Loop handle bags find a wide range of applications in food & beverages, consumer goods, healthcare & pharmaceuticals, home care & personal care, and other industrial packaging applications. These bags are manufactured using different materials such as plastic, paper, jute etc. The market for loop handle bags is expected to be positive during the forecast period.

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Global Loop Handle Bags Market – Dynamics

Loop handle bags are used in industrial applications for bulk packaging of products. Loop handle provides a better grip for handling. The handles are attached to bags with adhesives or is stitched to the jute bags.

Loop handle bags are used in a variety of applications such as food & beverages, consumer goods, healthcare & pharmaceuticals, household & personal care, textile, and industrial applications. Textile and industrial applications are expected to be the key driver for the growth of the global loop handle bags market.

Furthermore, manufacturers of loop handle bags also manufacture customized design for loop handle bags. Loop handle bag manufacturers are focusing on developing eco-friendly bags due to increasing awareness against environmental pollution. The primary factor driving the growth of loop handle bags is shopping and brand promotion. These factors are expected to boost the growth of the loop handle bags market during the forecast period.

Despite the positive outlook, the growth of the loop handle bags market might be affected.  One of the factors is the stringent government rules and regulations against environmental pollution caused by the plastic. These factors might hamper the growth of the global loop handle bags market during the forecast period.

Global Loop Handle Bags Market – Regional Outlook

Geographically, the global market for Loop Handle Bags has been divided into seven key regions as: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa and Japan. Among these regions, the Asia Pacific excluding Japan region is expected to dominate the global loop handle bags market in terms of value and volume both. Countries like China and India are supposed to be the dominating countries in the Asia Pacific excluding Japan loop handle bags market during the forecast period.

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Global Loop Handle Bags Market – Key Players

Some of the key players operating in the global Loop Handle Bags market are following: Bring Back Bag, Sunder Products Company, Avon – Flex, Marklon, Tex In Private Limited, Essential Packaging Ltd., Dongguan Kinshun Packing Materials Co.,Ltd, Viva Plast Private Limited, International Plastics, American Plastic Mfg., Nantong Huasheng Plastic Products Co.,Ltd. Many local and unorganized players are expected to contribute in the global loop handle bags market during the forecast period.

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 market segments such as geographies, application, and industry.

The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

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

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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Global Loop Handle Bags Market – Segmentation

Globally, the loop handle bags market has been segmented into product type, material type, capacity and application.

On the basis of material type, loop handle bags market has been segmented into:

  • Plastic
  • Polyethylene
  • Polypropylene
  • Others
  • Paper
  • Jute
  • Others

On the basis of capacity, loop handle bags market is segmented into:

  • Up to 500 grams
  • 500 to 1000 grams
  • 1000 to 2000 grams
  • 2000 grams to 5000 grams
  • More than 5000 grams

On the basis of application, loop handle bags market has been segmented into:

  • Food & Beverages
  • Consumer Goods
  • Healthcare & Pharmaceuticals
  • Agriculture
  • Home Care & Personal Care
  • Other Industrial Applications

About Future Market Insights, Inc.

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:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Polypropylene Film Market Segments, Opportunity, Growth and Forecast by End-use Industry 2028

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Polypropylene Film  market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Polypropylene Film  in the coming 10 years.

The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.

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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Polypropylene Film

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Polypropylene Film  market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Polypropylene Film  Market Takeaways and Projections

  • The U.S. is expected to lead the North America Polypropylene Film  market, projecting the fastest growth in the region between 2018 and 2028
  • Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.

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Report Benefits & Key Questions Answered

  • Polypropylene Film Historical Market Analysis: The detailed survey by FMI, examines key factors in the Polypropylene Film  market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Polypropylene Film  market for the forecast period 2018-2028.
  • Polypropylene Film Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Polypropylene Film  for the assessment period. As per the study, the demand for Polypropylene Film  will grow at a robust CAGR between 2018 and 2028.
  • Polypropylene Film Market Trend Analysis: The latest study by FMI on the Polypropylene Film  market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Polypropylene Film  market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Global Polypropylene Film Market: Segmentation

On the basis of product type, the global polypropylene film market can be segmented as:

  • Cast polypropylene film
  • Bi-axially polypropylene film

On the basis of film format, the global polypropylene film market can be segmented as:

  • Transparent
  • Translucent
  • Opaque

On the basis of processing technologies, the global polypropylene film market can be segmented as:

  • Injection Molding
  • Blow Molding
  • Extrusion
  • Thermoforming

 On the basis of application, the global polypropylene film market can be segmented as:

  • Bottles
  • Pouches
  • Pressure sensitive tapes
  • Automotive spare components
  • Stationery Packaging
  • Injection molding
  • others

On the basis of end use, the global polypropylene film market can be segmented as:

  • Food and retail Industry
  • Electronic and electrical industry
  • Cosmetics and personal-care industry
  • Pharmaceutical industry
  • Agricultural industry
  • Others

On the basis of region, the global polypropylene film market can be segmented as:

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

About Future Market Insights, Inc.

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:
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 latest Market Reports: https://www.futuremarketinsights.com/reports

Twist Opening Cartons Market Key Methods, Historical Analysis, Application, Technology, Trends And Opportunities 2032

Twist Opening Cartons Market

Twist Opening Cartons Market: An Overview

The packaging manufacturers are achieving new stats by launching new products regularly. One such product is twisted opening cartons. These are the type of cartons which equipped with twist closure on the top. These are made up of paper and paperboard. Twist opening cartons are generally lying under the category of aseptic cartons which are efficient packaging solution to improve the shelf life of products.

However, compared to traditional aseptic cartons, twist opening cartons have the unique feel and look, permitting products to stand out on the shelf. These cartons have improved profile, and are simpler to open, easier to pour and better to drink from and reclose. Today, beverage and other liquid food manufacturers are looking forward to providing efficient and gentle packaging type to the customers for the better experience. The outlook for twist opening cartons market is expected to be positive during the next decade.

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Twist Opening Cartons Market: Dynamics

The shifting preference of end users from traditional ready to drink packaging solutions to innovative packaging solutions. This factor is expected to fuel the global market during the forecast period.

Twist opening cartons are made up of flexible board material, which makes them economical to transport and store. Also, these cartons are available in various sizes ranging from 200 ml to 2000 ml. Also, beverage and dairy products manufacturers provide an eye-catching packaging to enhance their consumer base. Twist opening cartons are easy to open and convenient to drink for children also.

These factors are expected to drive the growth of the global twist opening cartons market during the forecast period. Twist opening cartons are suitable for storing milk, edible oils, yogurt, cream, health drinks and other liquid food products. Twist opening cartons provide various advantages including printability, branding and promotion, storage, easy to transport. As these cartons are made up of paperboard, they can be recycled. These factors are anticipated to drive the growth of the global twist opening cartons market during the forecast period. The factor which might hamper the growth of twist opening cartons market is the availability of other alternate packaging solutions in the market.

North America and Western Europe regions are expected to dominate the global twist opening cartons market. It is attributed to the high consumption of packaged food in the region and changing dietary habits of people. APEJ is expected to witness high growth in the global twist opening cartons market.

It is due to rising disposable income and growing standard of living. Mainly in countries such as India and China, the twist opening cartons market is expected to witness immense opportunity. Latin America region is also expected to witness average growth during the next decade. It is due to growing demand of beverages and dairy products in the region. MEA is expected to witness average growth during the forecast period.

Twist Opening Cartons Market: Key players

Few of the leading players operating in the global twist opening cartons market are –

  • Tetra Laval International S.A
  • Amcor Limited
  • Bemis Company
  • Ipi SRL
  • Mondi Group Plc
  • Visy Industries Australia Pty Ltd
  • Polyoak Packaging
  • Uflex Ltd.
  • Agropur Inc.
  • Steuben Foods

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 market segments such as geographies, application, and industry.

Request For Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-7218

The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

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

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.

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-7218

Twist Opening Cartons Market: Segmentation

Globally, the Twist Opening Cartons market has been segmented on the basis of packaging type, capacity and end use:

On the basis of packaging type, the global twist opening cartons market has been segmented as:

  • Standard
  • Square
  • Slim
  • Other

On the basis of capacity, the global twist opening cartons market has been segmented as:

  • 125 ml
  • 200 ml
  • 250 ml
  • 500 ml and above

On the basis of end use, the global twist opening cartons market has been segmented as:

  • Food & Beverages
  • Dairy
  • Pharmaceuticals
  • Others

On the basis of region, the global twist opening cartons market is segmented as –

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

About Future Market Insights, Inc.

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:
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 latest Market Reports: https://www.futuremarketinsights.com/reports