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The global cold rolling oils/ lubricants market is projected to reach a value of US$ 18.2 Bn in 2028, with demand growing at a standard CAGR of 5.6% from 2022 to 2028. In 2022, the target market is expected to reach an estimated US$ 14.5 Bn. Cold rolling oils/ lubricants are in high demand from the automotive and transportation sectors.

In addition, accelerated urbanization and industrialization boost the demand for the cold rolling oils/ lubricants market during the forecast period. The growing automotive, transportation and construction sector across the globe amplify the demand for cold rolling oils/ lubricants.

An upsurge in demand for steel and aluminum sheets, among others, from automotive and construction sectors will, in turn, aid the growth of the target market during 2022-2028.  The automotive industry, particularly, has contributed to this spike in demand for steel and aluminium, and has extensively shaped the demand for the target market over the upcoming years.

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Moreover, the increasing investments in the industrial sector, rise in production of metals like steel and aluminium, advancing research and development of synthetic lubricants, shifting requirements for different cold rolling processes, rapid industrialization in emerging economies, and growing technological advancements are certain factors that will likely boost the global sales of the cold rolling oils/ lubricants market during the next few years.

Again, rising FDI in the industrial and construction sector, a surge in disposable income, swift urbanization are driving the demand for cold rolled products, which ultimately bolsters the sales of cold rolling oil.

“Surging demand for aluminum sheet, steel sheet, and others from automotive and construction sector will likely augment the global growth of the cold rolling oils/ lubricants market over the forecast period,” says an FMI analyst. 

Key Takeaways:

• Fluctuating raw material prices and decreasing supply of crude oil may stymie the market growth.
• In 2022, the cold rolling oils/ lubricants market in North America will account for 13.1% of the overall market share.
• High industrialization in India and China will propel the Asia Pacific cold rolling oils/ lubricants market growth.
• Presently, China holds about 44.7% of the global cold rolling oils/ lubricants market share.
• The synthetic rolling lubricants will have a lucrative prospect during 2022-2028.

Competitive Landscape 

Croda International PLC, Exxon Mobil Corporation, Total S.A., BP plc., Indian Oil Corporation Ltd., Eastern Petroleum Pvt. Ltd., Hindustan Petroleum Corporation Limited, Houghton International Inc., Jiangsu Gaoke Petrochemical Co. Ltd., ETNA Products Inc., Petroyag Lubricants, Buhmwoo Group, and Ricci S.p.A among others are some of the major players in the cold rolling oils/ lubricants market profiled in the full version of the report.

Key market players are focusing investing in research and development activities to produce new products. These enterprises are adopting strategic mergers and acquisitions to strengthen their market position.

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Key Segments of Cold Rolling Oils/Lubricants Industry Survey

By Product Type:

• Synthetic Cold Rolling Oils/Lubricants
• Semi-Synthetic Cold Rolling Oils/Lubricants
• Mineral Based Cold Rolling Oils/Lubricants

By Material:

• Steel
• Copper
• Aluminium
• Others (Titanium, etc.)

More Insights into Cold Rolling Oils/ Lubricants Market Report

In its latest report, FMI offers an unbiased analysis of the global cold rolling oils/ lubricants market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2028.

According to the latest FMI reports, based on segmentation, the synthetic cold rolling oils/ lubricants segment will dominate the international market space. This segment will continue to gain traction and demand during the projected period. This is so because of the rapid development of the manufacturing sector, especially in countries like Brazil, China, and India.

Based on region, the cold rolling oils/ lubricants market in China will display immense growth during 2022-2028. A major production and manufacturing center, China accounts for almost 44.7% of the global cold rolling oils/ lubricants market share.

Swift evolution of the industrial sector coupled with heightened demand for steel and aluminum across different end-use industries including automotive and construction further aids the cold rolling oils/ lubricants market growth in this country. Apart from China, India, Brazil and the United States will also demonstrate considerable cold rolling oils/ lubricants market growth during the forecast period.

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Frequently Asked Questions

• What metrics are listed for the China cold rolling lubricants industry?
• Which key players are profiled in this cold rolling lubricants industry analysis?
• What valuation will the cold rolling oils market enjoy in 2022?
• What is the estimated valuation for the demand for cold rolling lubricants market by 2028?
• In terms of CAGR, how is the cold rolling oils/lubricants market predicted to rise?

About FMI

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

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The BFSI security market is expected to grow at a CAGR of 13.2% during the forecast period. The market is now assessed at US$ 61,994.54 Million in 2022. The market value is expected to reach $2,14,199.15 million by 2032.

Bank and financial institutions are operated in highly regulated environment. Data breach incidences in these cases occur mainly due to non-compliance to various operational standards. Therefore, there is increasing need of BFSI security to ensure the long term visibility of banking and financial institutions and their data. BFSI security includes cyber security and physical security of banking and financial institutions.

In past one decade, electronic banking platforms have been implemented as an efficient channel to process banking transactions remotely. These banking transactions are executed from web based applications over the internet network, thus creating security risk by exposing user’s data to hackers.

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Apart from this, the banking, financial and insurance industry is continuously witnessing threat from global terrorism, cyber-crimes, and espionage which are leveraging the loopholes in the critical infrastructure. With the increase in cyber-crimes activities, security of sensitive data including, personably identifiable information, personal banking details, commercial banking details, and confidential corporate information is at high risk, due to which, the demand for BFSI security solutions has witnessed traction in the past couple of years.

BFSI Security Market: Drivers and Restraints

In the current changing world of information technology, banking and financial institutions are facing privacy issues due to increased data theft and unauthorized accesses. In BFSI sector, there is always existence of both internal and external threats with increased adoptions of ATMs and online banking solutions. As security breach of customer’s financials can hamper brand image of a particular financial institution, there necessity of safeguarding physical assets and continuous monitoring of banking data driving the growth of the market. However, the initial investment required to set up the security infrastructure is one of the challenge for the growth of this market.

BFSI Security Market: Segmentation

Segmentation of business BFSI Security market on the basis of systems and components:

Component and Technologies Used in BFSI Security

• Access Control Systems
• Cloud Based Services
• Physical Security Software
• Surveillance Systems

Video Surveillance

Video surveillance is used for monitoring activities inside out of the organization. Physical security has become necessary for banking and financial institutions to combat pilferage to theft related activities. This has created increase in demand for video surveillance solutions in the BFSI industry.

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Access Control

Access control is deployed for both physical security as well as information security. Access control systems seamlessly work against any unauthorized access. Access control solutions includes web-based access control, managed access control, control panel, visitor management systems, readers, and credentials.

Intrusion and Fire Detection

Intrusion detection systems inspect all the inner and outer network activities and identifies suspicious pattern to indicate data breach attempt in the system. Fire detection system is a combination of various devices which work seamlessly to counsel end-users from any threat of fire.

Physical Security Information Management (PSIM)

Physical security information management is a software that act as a standalone platform for integrating multiple unconnected security application and devices. It controls them using single user interface.

Regional Overview

Asia-Pacific is witnessing rapid growth in the adoption of BFSI security solutions. With respect to this trend, various security vendors such as Honeywell International Inc. and Cisco System Inc. are expanding their business in this region in order to increase its market share in this market. Besides, the Asia-Pacific market is world’s fastest growing economy and soon is expected to be largest wealth market with the increase in private banks and financial instructions in countries such as China and India.

In India, according to the data released by The Reserve Bank of India (RBI), the total number of bank accounts in India are around 600 million, out of which 25 million bank accounts holder are active users for mobile banking applications. North America has observed increased data breach attacks against BFSI industries in the recent past. The banking and financial institutions are promoting the use of digital wallet which is in turn is raising the risk of security for consumer’s data.

Cisco Systems Inc., Honeywell International Inc., Computer Science Corporation (CSC), IBM Corporation, and Symantec Corporation are some of the key players of global BFSI security market.

The report covers exhaustive analysis on

BFSI Security Market Segments

• BFSI Security Market Dynamics
• Supply & Demand Value Chain
• BFSI Security Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• BFSI Security Market Drivers and Restraints

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Regional analysis for BFSI Security Market includes development of these systems in the following regions

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

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The demand for fibre lasers will increase in the coming years due to rapid industrialization and rising consumer electronics demand. According to a recent report by FMI, the market share for fibre lasers will increase at a CAGR of 11.1% between 2021 and 2031. Because they enable the production of electronic goods with incredibly high dimensional accuracy, fibre lasers are an essential part of laser marking systems.

In the market for fibre lasers, automation is anticipated to replace conventional machine marking techniques like chemical etching and ink-based printing. Due to their simplicity of use and diminutive size as a result of digitization, they are suitable for high-power applications.

In the following ten years, these factors are anticipated to fuel fibre laser sales. Increasing demand for high process speed for welding thicker sheets of highly thermally conductive metals, as well as increasing efforts to improve overall efficiency and flexibility of fiber laser, will drive market growth in the coming years.

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By 2021, it is anticipated that the fibre laser market will have grown and will be worth more than US$ 3.1 billion. The market’s value will increase between 2021 and 2031 at a compound annual growth rate (CAGR) of 11.1%. Global sales are expected to rise 10.7 % in 2021, following a period of sluggish growth in 2020. FMI presents a positive market growth outlook, with shipments reaching nearly 115,000 units.

For the past few years, fiber laser technology has advanced by leaps and bounds in terms of spectral coverage, output power, and ultra-short pulse width. Because of rapid technological advancement, the scope of fibre laser applications has expanded to include healthcare, defence, and military applications.

Key Takeaways from FMI’s Fiber laser Market Study

• North America fiber laser market is forecast to grow at 10.9% CAGR through 2031, backed by rising industrialization and increasing production of consumer electronics in the country.
• Increasing production of electric vehicles and presence of leading semiconductor wafer manufacturing companies will support European laser fiber market to grow at 10.2% CAGR over the forecast period.
• China is expected to offer lucrative growth opportunities owing to favorable government policies to boost the manufacturing industry and increasing demand for fiber laser marking system in e-commerce sector in the country.
• South Korea and Japan account for 10% of global fiber laser market share in 2021. Growing emphasis towards miniaturization of electronic components is the key growth driver in these countries.
• IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Lumnetum Operations, LLC, Wuhan Raycus Fiber Laser Technologies Co., Ltd. and Fujikura Ltd. are the top five market players and they collectively account for 90% of global market share in 2021.

“Quasi continuous wave fiber laser will remain highly sought-after owing to its ability to generate high peak power and high reliability, while welding dissimilar metals and metals with high thermal conductivity,” says the FMI analyst.

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The key growth drivers are increased research and development activities aimed at designing high beam quality, environmentally friendly, and low cost fibre lasers. Increasing government initiatives to promote green manufacturing, as well as the implementation of Industry 4.0, will have a positive impact on market growth over the assessment period. Rising adoption of novel materials, as well as growing concern among material manufacturers about the environmental impact of their products across a wide range of end users, is driving manufacturers to use fibre lasers for cutting and marking applications, driving market growth.

Incorporation of fiber lasers with 3D printing for effective material deposition will further boost the market growth. Market players are focusing on developing energy efficient processes to minimize material consumption and lower the operational cost of fiber lasers. Fiber laser welding are used in manufacturing of low cost and highly reliable batteries for electric vehicles. These factors will aggrandize the market growth over the decade.

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Competitive Analysis:

In order to expand their global reach, leading market players are focusing towards diversifying the product portfolio by introducing new products into the market. They are actively collaborating with existing players to gain maximum market share. For instance, Furukawa launched new industrial fiber laser in July 2021. The new laser has high beam quality, time stability and high efficiency.

FMI also predicts that the IPG Photonics Corporation hold around 50% of global market share, TRUMPF GmbH Co. KG holds 17% of global market share, Lumnetum Operations LLC AG holds 8%, Wuhan Raycus Fiber Laser Technologies Co. Ltd holds 9%, and Fujikura Ltd holds 4% of global market share in 2021.

About Us:

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

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Recovery in automotive industry and demand for metallurgical grade to augment the growth of aluminum fluoride market suppliers, evaluates the market study by Future Market Insights. According to the report, apart from a minor setback in 2020, the market is expected to have a positive outlook through 2021 and beyond.

Rising demand for metallurgical grade in industrial and commercial sector to propel the aluminum fluoride growth through 2031. Properties such as low melting point, high efficiency in solution conductivity is increasing the usage of metallurgical grade in automotive and construction industry.

Although, disadvantages like high cost laboratory set-ups, lack of professional handling and risk of hazards are likely to cause a challenge for the aluminum fluoride manufacturers. Despite these restraints, numerous automotive and construction projects in upcoming years are expected to overcome the challenges and provide future expansion prospects for manufacturers.

For instance, according to the U.S. Auto Industry and EU car sales report, sales for light vehicles were recorded to total US$ 17.2 million in 2018 and are expected to increase by 10% in the upcoming years. These numbers indicate the surging demand of aluminum fluoride among suppliers and manufacturers.

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“High investment in research and development activities in automotive industry and high demand of metallurgical grade among suppliers is expected to boost the market demand,” remarks the FMI analyst.

Key Takeaways

• Concrete admixture to account for over 35% of market share in 2021
• Based on grade, metallurgical grade is the most lucrative segment through 2021
• High demand from the automotive industry to make US the highest revenue generating aluminum fluoride market
• Germany to vanguard European aluminum fluoride market, owing to the high demand for metallurgical aluminum fluoride
• China is expected to lead the market in Asia Pacific through 2031 backed by increasing application in construction industry
• Steady flow of raw material and well-developed construction sector to create lucrative growth opportunities for manufacturers in India
• Application in automotive and laboratory research sector to push aluminum fluoride sales

Prominent Drivers

• Rising demand from building & construction industry for aluminum fluoride is bolstering the market growth
• Recovery in automotive and residential construction industry to create growth opportunities for aluminum fluoride manufacturers
• Cost-effectiveness in diverse end-use industry is expected to drive the demand

Key Restraints

• Sluggish growth recorded due to the pandemic is likely to create slow growth opportunities for aluminum fluoride suppliers
• Costly laboratory set-ups is expected to pose a challenge for the aluminum fluoride manufacturers

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Competitive Landscape

Aluminum fluoride suppliers profiled by FMI includes Alufluoride Ltd., Rio Tinto PLC., Tanfac Industries Ltd., Fluorsid S.p.A, Mexichem S.A.B. de C.V., Industries Chimiques du Fluor, PhosAgro PJSC, Do-Fluoride Chemicals Co. Ltd., Pingquan Greatwall Chemical Co. Ltd., Gulf Fluor, AB Lifosa and Alufluor AB among some others. According to the study, market seems to be highly competitive. Leading players are launching diverse products to maintain their position in the industry.

On December 2020, AluFluoride Ltd., announced the completion of its expansion of new Aluminum Fluoride plant to increase the production capacity by 2.68%.

Likewise, in 2020, Aluminium Bahrain B.S.C (ALBA) signed a long term agreement with an Italian leading producer of fluorochemicals, Fluorsid which made it the world’s largest smelter with the production of 1.5 million metric tons.

More Insights on FMI’s Aluminum Fluoride Market

In its latest report, Future Market Insights offers a detailed segmentation on global aluminum fluoride market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

In order to gain a better understanding of the global market potential, its competitive landscape, drivers, restraints and opportunities, the market is segmented on the basis of grade (metallurgical grade, and other industrial grade), application (aluminum, fluorocarbons, ceramics, and chemical intermediate), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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Frequently Asked Questions

• Which are the top companies providing aluminium fluoride?
• Which are some of the lucrative markets for aluminium fluoride?
• Which applications accounts for high sales of aluminium fluoride?
• Which grade is highly sought-after in aluminium fluoride industry?

About FMI

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

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Future Market Insights upcoming report on global Yacht Shell Doors market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Yacht Shell Doors market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond.

Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Yacht Shell Doors market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

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According to the FMI’s report, the Yacht Shell Doors market is projected to record a CAGR of xx% over the forecast period. To receive the detailed insights about the Yacht Shell Doors market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Yacht Shell Doors market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Yacht Shell Doors market.

Key Questions Answered in the Report

1. What are the key trends and challenges that will affect global Yacht Shell Doors market in upcoming years?
2. What are the factors that will influence the Yacht Shell Doors market demand?
3. Which region will be the most lucrative for Yacht Shell Doors market throughout the forecast period?
4. How will evolving regulatory policies impact the market growth?
5. What is the impact of Covid-19 on the Yacht Shell Doors market?

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Yacht Shell Doors Market: Segmentation

By Region

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

Detailed analysis on the geographical region and country wise insights are offered in the latest Yacht Shell Doors market report with established market players as well as incumbents in the region.

By Segment :

By Type:

• Electric
• Hydraulic

By Yacht Type:

• Cruise Ship
• Mega Yacht
• Research Vessels
• Naval Vessels
• Ferries
• Offshore
• Others

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

• Sea Power
• Ocean Group
• Cramm
• Fassmer GmbH & Co. KG.
• SeaNet SA
• Cen-Tex Marine
• AdvanTec Marine
• Houdini Marine Windows
• Saajos Group

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Yacht Shell Doors market.

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the Yacht Shell Doors market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
• Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario.

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About Us

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

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The global induction furnace market is estimated to exceed US$ 1,500 Mn by the end of 2032. The sales of induction furnaces are expected to total US$ 900 Mn by 2022, accelerating at a CAGR of 5% to 6% during the forecast period 2022-2032. Rising shift from conventional combustion furnaces, owing to the rising electrification trend and growing environmental concerns regarding carbon emission is propelling the demand for induction furnaces in the market.

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Induction furnaces are electrical equipments that work on the principle of electromagnetic induction for processing and melting raw materials, particularly metals, at high temperatures. The capacities of these furnaces range from less than one kilogram to one hundred tons and above and are widely used to melt ferrous and non-ferrous metals such as steel, iron, copper, aluminum, zinc, precious metals, and others.

These electrical industrial equipments are gaining huge traction across diverse metal manufacturing and metallurgy sectors, owing to their favorable attributes such as oxidation-free product, clean, and well-controlled melting process in comparison to other means of metal melting. As, they operate on smoke-free and energy-efficient systems including an induction coil, tilting equipments for pouring molten metal, and a cooling system.

Attributed to this, induction furnaces are increasingly being adopted across iron & steel making, metal component manufacturing, non-ferrous metal production, aluminum manufacturing, others. This is projected to augment the demand for induction furnaces in the global market.

Market Competition

Some of the leading players in the induction furnace market are Epcon Industrial Systems, Electrotherm, ANDRITZ AG, International Thermal Systems LLC, Danieli, DongXong, SMS, Meltech, Doshi, Carbolite Gero Limited, LP, Gasbarre Products, Inc., Ipsen International GmbH, NUTEC Group, Thermcraft Incorporated, and Nupro Corporation.

The market for induction furnace is highly competitive, due to large number of participants and increasing investment in development and introduction of induction furnace by leading players.

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Key Segments Profiled in the Induction Furnace Market Survey

By Type:

• Coreless Induction Furnace
• Channel Induction Furnace
• Rollover Induction Furnace

By Furnace Capacity:

• Below 1 Ton
• Between 1 to 100 Tons
• Above 100 Tons

By End Use:

• Steel Industry
• Copper Industry
• Aluminum Industry
• Zinc Industry
• Other Metal Manufacturing Industry

By Region:

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

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About Us

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

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The Centrifugal Pumps Market is anticipated to grow favourably through 2021, with the estimated global valuation expected to surpass US$ 29 billion in that year. According to Future Market Insights (FMI), the global sales of centrifugal pumps are expected to grow at a CAGR of 4.6 percent between 2021 and 2031.

The agricultural sector will experience faster growth than industrial applications, which are predicted to have the highest demand. According to FMI, the agricultural sector’s demand for centrifugal pumps will increase at a rate of 4.7 percent between 2021 and 2031.

Strong demand from the water and wastewater sector and the food and beverage industry drives the centrifugal pump market in terms of volume. Demand for centrifugal pumps slumped in 2020 due to the COVID-19 pandemic.

However, the water and wastewater segment of the industry was not affected as much due to the latest guidelines issued by World Health Organization (WHO) on water sanitation standards which bodes well for sales in the near future. Despite the economic impact of the crisis in many countries, the market’s long-term outlook will remain optimistic.

FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

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Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps, particularly in domestic, Water, and wastewater treatment industries

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Key Takeaways from Centrifugal Pump Market Study

• Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
• Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
• The market in South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
• The markets in India and South Korea are set to surge at a higher than 5% CAGR over the coming decade.
• Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

 “Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercial applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

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Key Points Covered in Centrifugal Pumps Market Study

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on XYZ and How to Navigate
• Recommendation on Key Winning Strategies

Find More Valuable Insights

The research report analyzes demand for centrifugal pump. The global centrifugal pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

About Future Market Insights (FMI)

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

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Future Market Insights (FMI), Dubai: As per exhaustive research by FMI, the global phosphate conversion coatings market is poised to total US$ 1.86 Bn in 2022. Increasing adoption in the production of casing connections to enhance their sealing performance is fueling the demand for phosphate conversion coatings.

Phosphate conversion coatings transform the basis metal surface into a non-metallic crystalline surfaces. This enhances appearance, improves corrosion resistance, and promotes adhesion & lubrication. Hence, these coatings are extensively being used across the automotive industry to enhance auto components such as car frame, engine mounts, and wheels.

Consecutively, increasing demand for automotive vehicles across the countries such as the U.S., China, Germany, and India is projected to aid the growth in the market. On account of this, sales of phosphate conversion coatings are projected to reach at 4% CAGR, surpassing US$ 2.36 Bn over the forecast period between 2022 and 2028.

Growing demand for treatment of aluminum, zinc, and steel for creating a thin adhering layer as a foundation to subsequent painting and coatings across the building and construction industry is further driving the growth in the market. This has assisted the market to exhibit 4% year-over-year growth in 2021.

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Based on product type, manganese phosphate conversion coatings are anticipated to emerge as the most preferred coating. As per FMI, the segment is poised to exhibit growth at 4.3% CAGR through 2028. Excellent oil retention and wear resistance properties for corrosion resistance and lubricity are factors facilitating the growth in the segment.

“Increasing research and development (R&D) activities for developing preventive measures to increase the life of the equipment using advance eco-friendly coating solutions across the chemical and oil & gas industries are favoring the growth in the market,” says a FMI analyst.

Key Takeaways from Phosphate Conversion Coatings Market Study

• The U.S. market size is anticipated to total US$ 294.8 Mn, accounting for over 75.4% of total market share by the end of 2022.
• China is projected to emerge as a highly remunerative market, accounting for around 1/3th of the total phosphate conversion coatings sales between 2022 and 2028.
• Germany is expected to exhibit steady growth across Europe, accounting for nearly 20.5% of the revenue share through 2028.
• India is forecast to account for a significant share in the Asia Pacific market, owing to the increasing demand for automotive vehicles in the country.
• On the basis of end use industry, the automotive segment is estimated to register the fastest growth in the market, accounting for more than 47.2% of the sales by 2028.

Key Drivers

• Increasing use of phosphate conversion coatings in underground pipelines, petrochemical equipment, and offshore rigs, owing to its excellent galling protection properties is propelling the demand across the oil & gas industry.
• Growing usage of manganese phosphate conversion coatings to prevent metal-to-metal contact between moving parts of automotive vehicles is rising the sales across the manganese segment.

Key Restraints

• Increasing shift of customer preference towards eco-friendly solutions such as nano-ceramic conversion coatings is hampering the growth in the market.
• Implementation of stringent regulations on toxic and heavy metals use across the U.S. and Germany, is encouraging automakers to use phosphorus-free conversion coatings, which is hindering the sales in the market.

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Competitive Landscape

Key manufacturers in the phosphate conversion coatings market are investing in strategic collaborations, merger, and acquisition to expand their production capacities. Also, some of the companies are focusing on developing and launching of new phosphate conversion coatings to expand their product portfolio. For instance,

• In September 2020, PPG Industries, Inc, a global supplier of paints, coatings, and specialty materials announced showcasing its eco-friendly and high-performance coating products and technologies such as DESOTHANE® CA 9000 basecoat/clearcoat system, MASTER’S MARK™ ECO TOUCH™ interior latex coatings, ENVIROCRON® EXTREME PROTECTION EDGE powder coatings, and other to increase its market share.
• In January 2018, BASF’s coatings division, a leading conversion coatings manufacturers announced acquiring a global supplier of surface treatment technologies Chemetall. The acquisition assisted the company to expand its surface treatment product portfolio and strengthen its customer base in the coating market

Some of the key players operating in the market profiled by FMI are:

• Henkel AG & Co. KGaA
• PPG Industries, Inc
• The Sherwin-Williams Company
• Axalta Coating Systems, LLC
• Kansai Paint Co., Ltd.
• Chemetall GmbH
• Nihon Parkerizing Co., Ltd.
• Keystone Corporation
• Freiborne Industries, Inc.
• Hubbard-Hall Inc.
• Crest Industrial Chemicals, Inc.
• Westchem Technologies Inc.

More Valuable Insights on Phosphate Conversion Coatings Market

A new report published by FMI offers an in-depth analysis of the global phosphate conversion coatings market, uncovering vital dynamics accelerating the market growth over the assessment period. The survey also forecast sales projections for phosphate conversion coatings market with detailed segmentation:

By Product Type:

• Manganese Phosphate Conversion Coating
• Iron Phosphate Conversion Coating
• Zinc Phosphate Conversion Coating

By Substrate:

• Cast Iron
• Steel
• Others (Aluminum, Magnesium, Titanium)

By End-use Industry:

• Automotive
• Food & Beverages
• Consumer Appliances
• Others (Healthcare, Chemical/ Petrochemical, Aerospace, etc.)

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Key Questions Covered in the Report

• The report offers insight into phosphate conversion coatings market demand outlook for the forecast period 2022-2028
• The market study also highlights projected sales growth for phosphate conversion coatings market between 2022 and 2028
• Phosphate conversion coatings market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Phosphate conversion coatings market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

About FMI

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

Contact Us

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