Sanitizer Sachet Market : Global Industry Analysis and Opportunity Assessment 2031

According to latest research, the global market of sanitizer sachet market is anticipated to grow with a CAGR of 18%-20% in between the assessment period of 2021-2031. The Sanitizer sachet market is an upcoming segment for the market of hand sanitizers as a whole. Owing to the COVID-19 pandemic which started in early 2020, the demand for hand sanitizers has sky rocketed.

Due to the global outbreak of the virus in such a short period of time, demand for hand hygiene products has outpaced supply in both online and brick and mortar sales channels globally. In order to increase accessibility and reach for low budget consumers, key players are launching sachets of hand sanitizers making it easily accessible and more budget friendly.

Who are the Key Manufacturers and Suppliers of Sanitizer Sachet?

Some of the leading manufacturers and suppliers of Sanitizer Sachet include –

  • CavinKare
  • Dolphin Hygiene
  • Unilever
  • Patanjali Ayurved
  • LB Industries Private Limited
  • ITC
  • JSR Amenities Private Limited
  • Purity Flexpack Limited
  • Arham Hygienix
  • Wiz care
  • Dabur
  • GoSan
  • Yash Herbal International Private Limited
  • Morepen Laboratories.

Companies are majorly concentrating on growing their manufacturing capacity and implementing novel technology to fulfil customer demand for hand sanitizers. Recently, the key manufacturers are extending the size of the sanitizers in bigger packs such as 5 litre and are also introducing the budget friendly sachets of 2, 5 and 10 ml with an aim to make it easily affordable and accessible to their customers.

What is Driving Demand for Sanitizer Sachet?

Increased awareness of hand cleanliness is gaining traction as a critical approach for reducing nosocomial infections. As a result, hand hygiene is the most essential aspect of personal care, resulting in the widespread use of hand sanitizers. Additionally, the growing impact of social media and online marketing has exposed individuals to contemporary personal care and hygiene trends, which is driving up consumer use of hand sanitizers as a whole.

Furthermore, the government promotes the use of hand care products in order to raise consumer awareness and prevent health problems. The WHO and the FDA, for example, have taken steps to raise public awareness about hand hygiene and the dangers associated with not doing so, which has made the consumers more aware about the concerns of hand hygiene.

To enhance this market’s scope, well-known manufacturers such as Henkel Corporation, Unilever, and Procter & Gamble, are offering hand sanitizers in handy packaging such as sachets and small bottles, which makes it easy to use as it is more portable and convenient and in turn has made the product popular among the consumers.

Sanitizer Sachet in High Demand from the Aviation Industry

The COVID-19 pandemic has had an enormous effect on the aviation sector, impacting passenger flow, air freight demand, airport employment, and inbound revenues.

To curb the spread of the deadly virus, airports and various airlines worldwide are laying emphasis on the disinfection and sanitization of all the surface touchpoints in the aircraft cabins and are also providing the flight attendants with personal safety kit each containing a face shield, facemasks and sanitizer pouches.

This in turn creates a vast opportunity for the key players to focus on products like sanitizer pouches, which will continue to be in high demand as slowly the travel industry is making its way to open up slowly and steadily as some of the countries are now opening up for travel.

US and Canada Sanitizer Sachet Market Outlook

The Sanitizer market as a whole is projected to be driven by growing concern for health and hygiene. The market in these developed countries is growing due to increasing product availability and increased penetration of both online and offline channels.

With the presence of larger number of market players in US and Canada coupled with the ease of carrying the small sachets as part of daily routine can provide growth traction to the sanitizer sachet market in the coming assessment period.

Key Segments

By Form:

  • Liquid
  • Wipes
  • Gel
  • Others

By Application:

  • Personal & Residential
  • Pharmaceuticals
  • Hotels
  • Clinics
  • Households
  • Hospitals
  • Diagnostic laboratories
  • Aviation industry
  • Others

By Region:

  • North America (U.S., Canada)
  • Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia, Nordics)
  • East Asia (China, Japan, South Korea)
  • South Asia and Pacific (India, ASEAN Countries, Oceania)
  • Latin America (Brazil, Mexico)
  • Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa)

About Future Market Insights, Inc.

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

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T: +1-845-579-5705
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Tobacco Pouch Market Forecast, Trend Analysis & Opportunity Assessment 2031

Tobacco pouch is a dedicated pouch used to hold Tobacco. Tobacco pouch is generally made up of leather and of sealskin. But common tobacco pouch is made up of plastic, paperboards, paper-boxes, metal cans, jute bags, foils, laminates, etc.

Tobacco pouch industry includes wrapping of dried tobacco leaves for items like cigarettes, cigars, smokeless tobacco, and raw tobacco. The bundling improves and ensures the quality and kind of the item from crumbling and fragrance transmission during transportation.

Competitive Landscape

The key players are in the tobacco pouch market:

  • Amcor Limited (Austria)
  • Innovia Films (UK)
  • Siegwerk Druckfarben AG & Co. KGaA (Germany)
  • Sonoco (US)
  • Smurfit Kappa (Ireland)
  • China National Tobacco corporation (China)
  • ITC Limited (India)
  • Phillip Morris International (US)
  • WestRock Company (US)
  • Reynolds Group (US)
  • Oracle Packaging
  • Japan Tobacco International (Japan)
  • Mondi Group (England)
  • Others

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Tobacco Pouch: Dynamics

Rising urbanization and the expanded prominence of cigarettes among the youth are the key elements driving the development of the market. Besides, Stressful lives, alongside expanded responsibility and rushed timetable, are likewise boosting the utilization of tobacco among the functioning populace.

Nicotine present in tobacco goes about as an energizer and upper and assists customers in adapting to day-by-day challenges. Item curiosities like the presentation of super-thin and demi-thin cigarettes designated at ladies, Roll-Your-Own-Cigarettes (RYOC), added substance-free and small cigarette variations are further upgrading the interest for tobacco consumer.

Also, different item and plan developments, for example, restricted release packs, bent edge packs and slide opening packs which are dispatched to impart and draw in light of a legitimate concern for the buyers are additionally projected to drive the worldwide market altogether.

Essentially, adaptable bundling is likewise acquiring a foothold as a tobacco bundling material because of its further developed hindrance properties and cost-viability. Looking forward, the distributor expects the worldwide tobacco bundling business sector to show moderate development during the upcoming years.

With the rise in advertisement or cigarette manufacturer such as Marlboro, ITC etc. and consumption of cigarettes by the celebrities the market is likey to grow as the youth gets evolved with the product and found it fascinating which leads to larger market share of tobacco product hence require more tobacco pouch to carry for transportation and consumption.

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Tobacco Pouch: Market Drivers

The increase in consumption of tobacco products directly increases the consumption of tobacco packing pouch. Since it has been observed that increase consumption of cigarettes and tobacco products in youth, packaging is required for protecting the authenticity of product and quality to extend its shelf life.

On the other side, tobacco utilization may prompt genuine medical problems, for example, mouth disease, cellular breakdown in the lungs, and others. In this manner, administrations of different countries have forced rigid laws forced on tobacco creation, bundling, and consumption. This, combined with limitations forced on the promoting of tobacco items on any medium may challenge the market in the coming years.

Packing Types Available for Different Products

Paper board packaging is widely used mainly in making Cigarettes, cigars, and other products because of its lightweight property, water-resistance and cost-friendly, therefore, dominate the tobacco packaging segment. Paperboards are thick and based out of paper with properties like printability, foldability, inflexibility, and lightweight nature. It is preferred as it resists the packed tobacco from being detorted.

Metal-made box packaging is not much used as its costlier in price and usually carried as a style statement with attractive drafting over it. Metal boxes are rigid in shape, water-resistant, and do not allow flexibility which causes the cigarettes to remain in shape, preserve the essence for a long time does and prevent distortion. Mainly used to keep expensive tobacco products.

Tobacco pouch: Segmentation

Based on Material Used:

  • Paperboards
  • Paper boxes
  • Plastics
  • Jute
  • Metal
  • Others

Based on Packaging Type:

  • Bulk Packaging
  • Secondary packaging
  • Primary Packaging

Based on End-use:

  • Smoking Tobacco
  • Cigarettes
  • Cigars
  • Raw Tobacco
  • Chewing Tobacco
  • Dissolvable Tobacco
  • Others

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About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Automotive Sunroof Market to reach a valuation of US$ 19 Billion by 2032 | FMI

During the projection period of 2022-2032, the global automotive sunroof market is estimated to expand at a value CAGR of 11%, reaching a valuation of more than US$ 19 Bn by 2032

Increasing passenger car sales in conjunction with increased per capita income and consumer spending toward vehicle interiors and effective ventilation will drive the market. Also, the launch of new vehicle models with sunroofs as standard equipment will spur tremendous growth.

Pop-up, in-built, tile and slide, and top mount installed on the top of the vehicle roof are all examples of automotive solar sunroofs. Solar sunroofs are made of glass with photovoltaic solar cells embedded into them.

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Furthermore, as demand for electric vehicles grows in both developed and emerging countries, the solar sunroof system is becoming more popular in the EV market. Panasonic, for example, designed a 180-watt roof for the Toyota Prius Prime in Japan to provide enough energy to travel 3–6 kilometers each day.

Key Takeaways from Market Study

  • At a CAGR of 11.4%, the fastest-growing segment is the panoramic sunroof under sunroof type segment from 2022 to 2032.
  • Glass sunroofs are estimated to account for the highest share of more than 97% under the material segment in terms of value in 2022.
  • The electric-powered sunroof will dominate the market creating an incremental opportunity of nearly US$ 12 Bn by 2032.
  • By vehicle type, the passenger cars segment is projected to be the segment leader with a market share of more than 80% in 2022.
  • By sales channel, OEM is set to account for more than 95% of the global market
  • By 2032, East Asia is estimated to have the largest share of the global market, accounting for more than 48%.

Growing need for safety, comfort, and aesthetic elements has resulted in a several technological developments in automobiles. This has improved the installation of sunroofs that allow for greater air circulation.” says a Future Market Insights analyst.

Market Landscape

Automakers and suppliers are working together to improve the safety features of various automotive systems. For example, Hyundai Mobis launched the world’s first panorama sunroof airbag system, which can prevent passengers from being propelled out of the vehicle through the roof in the event of an accident or rollover.

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Rain sensors have also been integrated into these systems by automakers. As a result, when it starts raining, auto sunroofs can be closed automatically. Over the forecast period, such advancements are expected to boost the market growth.

Some of the key automotive sunroof manufacturers included in the report are –

  • Webasto Group
  • Aisin Corporation
  • Inalfa Roof Systems
  • Yachiyo Industry
  • Inteva Products
  • Yutian Gaunjia (Mobitech)
  • Magna International
  • CIE Automotive
  • BOS GMBH & CO. KG
  • Signature Automotive Products

Want More Insights?

The research report analyses the market demand trend for automotive sunroof. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the automotive sunroof market report is studied and analyzed in the following segments such as by sunroof type, operation type, material type, vehicle type, sales channel and regions. The automotive sunroof market report gives us qualitative and quantitative information about the companies.

Key Segments Covered in Automotive Sunroof Industry Analysis

Sunroof Type:

  • In-Built
  • Panoramic
  • Folding
  • Pop-Up
  • Others

Operation Type:

  • Electric
  • Manual

Material Type:

  • Glass
  • Fabric

Vehicle Type:

  • Passenger Car
    • Compact Car
    • Mid-Sized Car
    • Luxury Car
    • SUVs
  • Light Commercial Vehicle

Sales Channel:

  • OEM
  • Aftermarket

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About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Tire Pressure Monitoring System Market to Hit US$ 7.7 billion by 2032 | Future Market Insights

Over the forecast period of 2022-2032, the tire pressure monitoring system market is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Bn by 2032.

Commercial vehicles are heavier and despite being well-equipped with tire pressure, suffer frequent tire burst due to poor road conditions. TPMS takes away the guesswork by alerting the driver when a vehicle’s tires are low on air or flat. This information reduces the chances of accidents and further improves the efficiency for utilizing fuel, as optimized air pressure in a tire moves the vehicle smoothly.

Various government bodies all over the globe have imposed stringent passenger safety regulations on automobile manufacturing. The automotive industry’s expansion, initiatives to adopt advanced technologies, develop structured safety features, and a growing trend of government and consumer adoption of autonomous vehicles is expected to create opportunities for growth in the market.

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The global TPMS market is expected to be benefited from rising per-capita income in developing economies, as well as increasing demand for premium and luxurious features in vehicles over the forecast period. Countries with a large trucking industry plan to standardize the use of tire pressure monitoring systems (TPMS) in heavy commercial vehicles, resulting in higher sales.

TPMS is becoming an innovative component in a vehicle. Furthermore, increase in the safety standards adopted by the key manufacturers all over the globe is anticipated to benefit the growth in the market. Increasing sales of electric vehicles are also expected to propel the demand for tire pressure monitoring system in the forthcoming years.

“The quick adaptation of technologies in the automotive sector will fuel the adoption of TPMS. The market for Advance driver assistance systems is benefiting from rising demand for safe care driving, government regulation on road safety, which is expected to have a direct impact on the TMPS market,” says an FMI analyst.  

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Key Takeaways:

  • Based on technology type, demand for pressure sensor is expected to increase at a CAGR of about 10% over the assessment period.
  • By region, Europe and East Asia are expected to be collectively account for a market share of more than 9% by 2032.
  • In terms of vehicle type, passenger vehicle segment is estimated to dominate the market holding more than 0% of the total market share.
  • Total sales in the U.S. market will reach a valuation of US$ 0.3 Bn in 2022.
  • China will offer an incremental opportunity of more than US$ 2.9 Bn over the forecast period.
  • Germany will account for more than 25.9% of the Europe tire pressure monitoring system market in 2022.

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Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, and others are among the industry’s key market participants.

Manufacturers and developers of tire pressure monitoring systems are constantly investing in improving the system’s application while reducing human interference and increasing accountability.

TPMS Market by Category

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle

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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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Automotive Gudgeon Pin Market Projected to Reach US$ 4,024.3 Mn by 2027

Future Market Insights (FMI) has estimated the Automotive Gudgeon Pin market to grow with year on year growth of 4.3% in 2022 reaching value of about US$ 3,149.4 Mn by 2022 end. The global industry is projected to observe a significant CAGR of 5.0% by value during the period of 2022 and 2027.

The approximately US$ 3.3 billion market for automotive gudgeon pin is poised for a moderate, just-under 5% yearly growth in the revenue, in 2022. A new study by Future Market Insights emphasizes the critical role of aftermarket in influencing the overall sales picture of automotive gudgeon landscape.

The report also sheds lights on the significance of a growing trend involving green combustion engine technologies in shaping the competitive landscape of automotive gudgeon pin marketplace.

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Research spots a few prominent attributes favoring adoption of gudgeon pins in automobile –

  • Growing proclivity for automation
  • Increasing demand for high efficiency, smart engine systems
  • Material innovation to deliver stronger, lightweight, and corrosion resistant products
  • Introduction of enduring gudgeon pins with high load capacity

Automotive Gudgeon Pin Market Remains a Consolidated Landscape

The market structure analysis uncovers that the global automotive gudgeon pin landscape is fairly consolidated owing to significant presence of Tier 1 and Tier 2 companies. Accounting for more than 55% share in the global market value, Tier 1 players such as Mahle GmbH and Federal Morgul continue to augment investments in strategic acquisitions and collaborations, according to the report.

A majority of competitors operating in the global landscape of automotive gudgeon pin market are likely to focus on new product development and launches for an enhanced market position through a unique brand value. Moreover, the report points to a growing focus of a number of gudgeon pin manufacturers on extending product lifespan through diamond surface finishing.

Based on the mechanism, full floating mechanism remains highly preferred among manufacturers of automotive gudgeon pins, which has been attributed to the capability of full floating mechanism to facilitate power transmission to crankshaft from piston. The adoption of semi-floating mechanism on the other side is projected to progress at a moderate pace during upcoming years.

High-end Automakers Shifting to Titanium-based Gudgeon Pins

As indicated by the material-wise analysis of the global automotive gudgeon pin market, steel has been a prominent choice among manufacturers owing to superior efficiency to function within high temperature ranges, i.e. up to 300Celsius.

However, titanium is gradually emerging as a more lucrative and favored material type among key manufacturers of automotive gudgeon pins. Titanium-based gudgeon pins, projected for rapid growth in adoption especially for high performance vehicles, is earning higher popularity owing to an exceptional ability to function at temperatures as high as 15000 Celsius that is manifold compared to that of steel.

Aftermarket Reflects Noteworthy Potential in Terms of Sales

Research evaluates the impact level of growing purchasing power of consumers on the overall sale of automotive gudgeon pins. With an increasing number of consumers actively investing in high-end cars, it is more likely that the subsequently growing demand for premium vehicle maintenance and servicing would fuel the demand for aftermarket parts at a high pace. Automotive gudgeon pins are thus likely to discover lucrative adoption opportunities in both the segments, aftermarket as well as OEMs, says the report.

Over 50% of the US consumer base prefers aftermarket supplies of automotive components over expensive parts supplied by OEMs. While the US has been among the key automotive markets over the years, the aforementioned statistical figure will reportedly account for a significantly growing revenue share of aftermarket in the automotive gudgeon pin landscape.

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Automotive Gudgeon Pin Market By Segmentation

By Material Type:

  • Steel
  • Titanium
  • Aluminum

By Product Type:

  • Fixed Pin
  • Semi-Floating Pin
  • Full Floating Pin

By Vehicle Type:

  • Passenger Car
  • LCV
  • HCV
  • Two Wheelers

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APAC
  • MEA

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Two-wheeler Parc Boosts Market Growth in Emerging Economies

Dramatically fostering automotive production in major developing regions including Asia Pacific, Africa, and Latin America is projected to boost automotive gudgeon pin sales in OEMs segment. Passenger cars currently take up an approximate share of 50% in the total market value.

The bolstering two-wheeler parc across prominent emerging economies such as China, India, Turkey, Brazil, Mexico, and ASEAN countries is most likely to hold a positive impact on the sales of automotive gudgeon pins in coming years.

A promising growth outlook estimated for emission-less vehicles such as solar-powered automobiles and electric vehicles, which are currently in a nascent phase, will however hold a considerably negative influence on the current revenue growth scenario of automotive gudgeon pin market in both developed and developing regions.

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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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Automotive Actuator Market worth US$ 25.4 Billion by 2032 | FMI

Over the forecast period of 2022-2032, the automotive actuator market is expected to grow at a CAGR of 6.6% to reach a valuation of US$ 25.4 Bn by 2032.

Automotive actuators are a crucial component of electronic control systems in vehicles as they aid in the conversion of electrical impulses from control units to action. Various types of automotive actuators are utilized in vehicle models, and different actuators perform different roles depending on the vehicle function. The job of the actuator in the engine control system is to operate air flaps for torque and power optimization while maintaining idle speed.

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Actuators in vehicles have become more popular as consumers are becoming more mindful of excessive carbon emissions and high gasoline and diesel usage. These actuators help in the regulation of fuel consumption as well as the reduction of pollutant emissions by supplying the required quantity of fuel to the engine and controlling the fresh air supply.

The automotive actuator market will benefit from rising demand for passenger automobiles over the forecast period. However, the possibility of an electric component failing in an electric actuator, as well as a rise in malfunctioning components, might stifle global automotive actuator market growth. Nonetheless, increasing demand from the automotive sectors in China, the U.S., and Germany is expected to drive growth in the market.

“Rising adoption of fuel-efficient and luxury automobiles, along with increasing production of autonomous vehicles will continue fueling sales of automotive actuators over the assessment period.” says an FMI analyst.  

Key Takeaways:

  • By product type, transmission actuator sales are expected to grow at a CAGR of 6% over the forecast period.
  • Based on vehicle type, the passenger vehicle segment will dominate the market with more than 75% of the market share.
  • In terms of working type, the electromagnetic segment is expected to lead with a market share of more than 9%.
  • By sales channel, OEM segment is expected to expand at a CAGR of 5% through 2032.
  • Total sales in the U.S. automotive actuators market will reach a valuation of US$ 1.3 Bn by 2032.
  • The China automotive actuators market will offer an absolute incremental opportunity of US$ 3.8 Bn over the forecast period.
  • Germany will account for 31.7% of the Europe automotive actuator market share in 2022.

Competitive Landscape

Some of the leading automotive actuator manufacturers are Denso Corporation, Hitachi, Ltd., Robert Bosch GmbH, Nidec Corporation, Mitsubishi Heavy Industries Ltd., ZF Friedrichshafen AG, Magna International, Inc., and Mahle GmbH.

Technological developments along with collaborations and mergers and acquisitions by key market participants are expected to fuel the automotive actuator market.

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Automotive Actuator Market By Category

By Product Type:

  • Transmission Actuator
  • Driveline Actuator
  • Brake Actuator

By Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Working Type:

  • Pneumatic
  • Hydraulic
  • Electromagnetic
  • Electric

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

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By Region:

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

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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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Park Assist System Market demand Poised to Register 14.3% CAGR by 2032 | FMI

The global park assist system market demand is projected to reach a valuation of US$ 595.6 Mn in 2022. Demand is forecast to increase at a 14.3% CAGR during the forecast period, reaching US$ 2.2 Bn by 2032.

Park assist system, which is also known as advanced parking guidance system, helps the driver park with higher precision using advanced guidance technology that uses radar and ultrasonic based solutions.

The park assist system is customer centric that elevates every phase of the parking experience with advanced parking features that guide drivers to park with confidence. These systems provide great performance, better efficiency, along with increased safety & security for vehicles which is propelling the demand for park assist systems. Along with the above mentioned factors, park assist system also minimizes the chance for potential scratches and dings when parking into very tight places.

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As per FMI, the global park assist system market is expected to be dominated by Europe, followed by East Asia and the trend is predicted to continue during the forecast period. Park assist system market in Europe is projected to top US$ 773.4 Mn by 2032.

“Increasing technological advancements in ADAS systems in autonomous vehicles, along with growing adoption of park assist systems in passenger vehicles will continue pushing sales in the market over the assessment period,” says an FMI analyst.

Key Takeaways:

  • Based on technology, the ultrasonic sensor segment is projected to hold approximately 6% of the total market share in 2022.
  • In terms of sales channel, demand in the OEM segment is anticipated to grow at a 4% CAGR through 2032.
  • By vehicle type, total sales in the passenger vehicle segment are slated to reach a valuation of US$ 1.7 Bn by 2032.
  • Sales in the U.S. park assist system market are forecast to grow at a 14.6% CAGR over the assessment period.
  • China is expected to hold about 67.4% of the East Asia park assist market share in 2022.
  • Europe will emerge as an attractive park assist system market, creating an incremental dollar opportunity of US$ 588.3 Mn over the forecast period.

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Competitive Landscape         

Key market participants of the park assist system market include Continental AG, Robert Bosch, Denso Corporation, Magna International, Valeo SA, Hitachi Ltd., Delphi Automotive, ZF Friedrichshafen, Siemens AG, and Aisin Seiki Co. Ltd.

Leading park assist system manufacturers are focusing on providing active guidance in parking while enhancing safety and comfort of the passengers. Many players are focusing on technological developments for park assists systems as well as expanding their manufacturing capabilities for ADAS solutions. For instance:

  • In Aug 2020, Robert Bosch along with Ford and Bedrock began research for automated valet parking that can increase the parking capacity and offer other services for vehicles while parked.

More Insights into the Global Park Assist System Market Report

In its latest report, FMI offers an unbiased analysis of the global park assist system market, providing historical data for the period of 2017-2021 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 technology (ultrasonic sensor, lidar sensor, radar sensor, camera sensor, infrared sensor, pressure sensor), by sales channel (OEM, Aftermarket), by vehicle type (passenger vehicles, LCV, HCV) & by region ( North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

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Park Assist System Market By Category

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales Channel:

  • OEM
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicles
  • LCV
  • HCV

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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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Polybutylene Succinate Market is projected to increase at a CAGR of 14.9% from 2022 to 2032

The global polybutylene succinate market demand is anticipated to be valued at US$ 375 Million in 2022, forecast to grow at a CAGR of 14.9% to be valued at US$ 1,500 Million from 2022 to 2032. Growth is attributed to the increased demand for Polybutylene Succinate Market, especially across end-use industries including Biomedical, packaging, agriculture among others.

Polybutylene succinate (PBS), also known as polytetramethylene succinate, which is a biodegradable thermoplastic polyester resin synthesized by the way of polycondensation of succinic acid with 1, 4 butanediol. Polybutylene succinate is extensively used in various end-use industries such as packaging, biomedical, agriculture, and more.

China is considered to sustain as the most lucrative market for Polybutylene Succinate. The demand for interior automotive products in the nation is expected to grow at a substantial rate in the coming years, with major demand from the Asia Pacific region.

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The increasing demand for lightweight automotive components is expected to boost the growth of the Polybutylene Succinate market during the forecast period. Moreover, the burgeoning plastics industry is anticipated to fuel the overall PBS market.

However, the succinic acid and 1,4-butanediol are polybutylene succinate monomers that are produced by feeding oil. The changing price of monomers is estimated to constrain the advancement of the global Polybutylene Succinate market during the forecast period.

Which are Some Prominent Drivers Influencing Polybutylene Succinate Market Growth?

Polybutylene succinate is a biodegradable polymer, as such, the growing demand for biodegradable polymers across the globe is predicted to in turn result in a steady growth of global Polybutylene succinate market. In addition, the growth in adoption for agricultural applications, such as for mulch films, is anticipated to set the pace for growth of Polybutylene succinate market. Furthermore, the increase in end use industries including that in packaging industry is expected to bolster the growth of the polybutylene succinate market during the forecast period.

Rising demand of the innovative packaging especially for attracting large number of consumers is anticipated to be a major factor for the rapid growth of the Polybutylene Succinate Market. Moreover, an increasing demand of light weight automobile component is also expected to fuel the growth of the Polybutylene Succinate Market.

There has been an increase in the demand for the polybutylene succinate to produce the important electrical and electronic components, which in turn is expected to accelerate the growth of the Polybutylene Succinate Market. The growing plastic industry is expected to foster the overall demand for polybutylene succinate during the forecast period.

Polybutylene succinate is often blended with natural fibers like switchgrass (SG) for applications in automotive products. Such novel composite materials are touted as potential bio-based alternatives to conventional petroleum-based plastics in the automobile industry because of which they are considerably used in automotive manufacturing. This factor is anticipated to augment the Polybutylene market.

Market Competition

Some of the key participants present in the global Polybutylene Succinate Market include Mitsubishi Chemicals, Showa Denko K.K, PTT MCC Biochem Co., Ltd., SK Chemical, Kingfa Science & Technology Co., Anqing Hexing chemical Co., Ltd. among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as nap-on Inc and ETIAS account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.

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Key Segments Profiled in the Polybutylene Succinate Market Industry Survey

Polybutylene Succinate Market by Type:

  • Bio-based
  • Petro-based

Polybutylene Succinate Market by Application:

  • Mulch Films
  • Packaging
  • Medicine

Polybutylene Succinate Market by Region:

  • North America Polybutylene Succinate Market
  • Latin America Polybutylene Succinate Market
  • Europe Polybutylene Succinate Market
  • Asia Pacific Polybutylene Succinate Market
  • Middle East & Africa Polybutylene Succinate Market

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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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Honing Oil Market- Global Revenue Growth Expectations in the Near Future

Honing Oil is an emulsion or solution used to aid in the honing process. Honing process typically demands a high level of level of precision and extremely tight tolerances at sub-micron levels. Honing oil helps removing debris to ensure operational accuracy along with protecting the abrasive tools in the honing machine. Honing oil is available in a wide variety of compositions and various levels of viscosity depending upon the process requirement. Although honing oil market account for a relatively small amount in the overall operational cost, selection of right honing oil has significant impact on the honing process, abrasive lifecycle and product quality.

Honing oil plays a crucial role in the honing process by reducing friction and heat, increasing productivity and reducing cost. Honing oil can be made from both petroleum based source such as mineral oil and non-petroleum based water and vegetable oils. Mineral oil is one of the ideal candidate for honing process owing to its light weight and low viscosity along with its non-hardening characteristic. Water based honing oils are mostly preferred with diamond stone sharpeners. Furthermore, in order to improve the operational efficiency and performance of honing oil various specialty lubricity agents and additives.

Further, some of the key desired properties of honing fluids includes anti-corrosive, anti-weld, high lubricity and low cost among others.

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Honing Oil Market: Dynamics

The global Honing Oil market is anticipated to experience healthly growth during the forecast period. One of the key factor pushing the growth of honing oil market is robust growth of manufacturing industry. Further, honing oil finds it’s another prominent application in automotive industry mainly for re-conditioning engine cylinder bores and heads. Recovery and steady growth of automotive industry and increasing automotive production particularly in developing countries, this is expected to further fuel the growth of honing oil market during the forecast period.

Furthermore, recovering economic growth in European countries is driving investment and growth of manufacturing sector is expected to support the growth of market during the forecast period. Moreover, with the technological development an increasing demand for high precision and accurate products is deriving the demand for high performance lubricants and oils in various industrial verticals. Further, increasing utilization of high-speed cutting and processing technology to increase productivity this require high quality fluids and components. Honing oil manufacturers are focusing on development of various blends and additives, such as sulfur, rust inhibitors, chlorine and phosphorous. Further, manufacturers are developing chlorine-free honing oil based on a low aromatic base oil and polarized additives to improve lubricity and efficiency.

Honing Oil Market: Regional Overview

Rapid industrialization and urbanization across developing regions such as Asia Pacific is expected to create lucrative growth opportunity for the growth of honing oil market during the forecast period. Moreover increasing manufacturing capabilities along with shifting production base of major manufacturing giants to countries such as India, China and Indonesia in order to gain economic benefits and the government support through favorable policies and initiative is expected support the growth of honing oil market during the forecast period. Europe and North America market is expected to witness steady growth during the forecast period. Latin America is estimated to be a lucrative region for the growth of honing oil market. The growth of the market are expected to be primarily driven by recovering political and economic outlook.

Honing Oil Market: Market Participants

Examples of some of the market participants identified across the value chain of the global Honing Oil market includes:

  • Sunnen Products Company
  • Penrite Oil Company Pty Ltd
  • Lansky Sharpeners
  • GROWMARK Lubricants
  • Mundial Inc.
  • Sunbelt Lubricants
  • Eurol BV

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

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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.

Honing Oil Market: Segmentation

On the basis of Source of Origin, the global Honing Oil can be segmented into:

  • Petroleum Based (mineral oils)
  • Non-Petroleum Based
  • Water Based
  • Vegetable Oil

On the basis of Application, the global Honing Oil can be segmented into:

  • Drilling
  • Grinding
  • Tapping & Reaming
  • Drawing
  • Cutting
  • Threading
  • Other Machining

On the basis of End-use Industry, the global Honing Oil can be segmented into:

  • General Manufacturing
  • Automotive
  • Defense and Aerospace
  • Electronic & Electrical
  • Ship Building
  • Medical & Health Care
  • Others

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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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Cinnamic Aldehyde Market to Achieve A High CAGR of 5.2% During Forecast Period -2032

Demand for cinnamic aldehydes worldwide is projected to be worth US$ 5.3 billion in 2022 and to increase at a CAGR of 5.2 percent to US$ 8.8 billion from 2022 to 2032. Due to its enormous potential, rising investments in the FMCG sector are expected to stimulate industry demand.

The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Cinnamic Aldehyde market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.

FMI’s latest report on global Cinnamic Aldehyde market provides analysis on regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Cinnamic Aldehyde in 20+ high-growth markets, along with the detailed coverage of the impact COVID-19 had on the Cinnamic Aldehyde market.

In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.

With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Cinnamic Aldehyde market is expected to witness in the upcoming decade.

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Impact of COVID-19 on Cinnamic Aldehyde Market

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.

The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Cinnamic Aldehyde market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

Important Questions Answered in the Cinnamic Aldehyde Market Report

  1. How will the Cinnamic Aldehyde market expand through 2032?
  2. Which region is the most lucrative in the Cinnamic Aldehyde market?
  3. What are the recent technological developments in the Cinnamic Aldehyde market?
  4. What are key challenges and competition threats faced by Cinnamic Aldehyde market players?
  5. Who are prominent players leading the Cinnamic Aldehyde market?

Cinnamic Aldehyde Market: Competitive Evaluation

The FMI’s Cinnamic Aldehyde market report provides a comprehensive analysis on key players operating in the Cinnamic Aldehyde market. Some of the key players are:

  • IS Chemical Technology
  • Labseeker
  • ABI Chem
  • Ark Pharma Inc
  • ApexBio Technology
  • Timtec
  • A&J Pharmtech Co. Ltd.
  • Day Biochem
  • ChemExper Chemical Directory
  • Sigma-Aldrich
  • Syntree
  • Bide Pharmatech

With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.

Why Buy FMI’s Report?

  • Extensive analysis on high growth niche markets across major regions
  • Detailed assessment on key segments and sub-segments
  • Recent and upcoming strategies tracked of manufacturers for the Cinnamic Aldehyde market
  • Reliable information on new product launches, technological advancements, and more
  • Valuable insights on the impact of regulatory framework on the global Cinnamic Aldehyde market

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Key Segments Profiled in the Cinnamic Aldehyde Industry Survey

Application:

  • Flavoring Agent
  • Odor Agent
  • Others

End Use:

  • Household Care Industry
  • Personal Care Industry
  • Food And Beverages
  • Others

Region:

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

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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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United Arab Emirates
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