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The test and measurement equipment market is estimated to grow at a CAGR of 3.7 per cent, from USD 27.7 billion in 2021 to USD 33.3 billion in 2026.

Stringent government requirements and the rising need for quality maintenance encourage the demand for test and measurement equipment. The emergence of COVID-19 prompted a rise in the manufacturing of pharmaceuticals and other medical equipment.

This has resulted in increasing demand for test and measurement equipment in the healthcare and pharmaceutical end-use industries, resulting in higher demand for test and measurement equipment products and solutions and test and measurement equipment adoption trends.

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The primary reasons driving the growth of the test and measurement equipment market include an increase in end-user demand for test and measurement equipment solutions, technological innovation, and an increase in demand for electronic gadgets. This is regarded as a fantastic test and measurement equipment strategy.

The price sensitivity of test and measurement equipment, on the other hand, is projected to limit test and measurement equipment market growth. During the forecast period, each of these factors is expected to have a significant influence on the test and measurement equipment market.

The introduction of 5G technology and the implementation of LTE & LTE-Advanced (4G) Networks, as well as the rapid penetration of IoT Devices, are expected to give potential possibilities for test and measurement equipment market expansion.

North America has the greatest test and measurement equipment market share due to the presence of multiple significant companies.

Asia-Pacific is predicted to develop at the quickest rate, as governments in these areas implement numerous measures to support innovation and R&D in their respective countries. Given current advancements in connected and driverless vehicles, the automotive industry is likely to capture the test and measurement equipment market share.

The healthcare sector is likely to drive the test and measurement equipment market due to the development of new healthcare equipment, patient-monitoring systems, and personal emergency reporting systems, which are some of the other factors expected to positively influence the test and measurement equipment market trends.

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KEY TAKEAWAYS:

• In the United States, the test and measurement equipment market is estimated to reach US$ 1.3 Billion by 2032, increasing at a CAGR of 10.7% through 2032.

• The test and measurement equipment market in the United Kingdom is expected to be worth US$ 154.2 million by 2032, with a CAGR of 9.8% through 2032.
• The test and measurement equipment market’s services segment form the component category is predicted to develop at a CAGR of 10.4% through 2032.
• Through 2032, Threat Intelligence in the test and measurement equipment market’s application sector will grow at a CAGR of 10.1% through 2032.
• China’s test and measurement equipment market is expected to reach US$ 275.2 million by 2032, with a CAGR of 10.2% through 2032.
• The market for test and measurement equipment in Japan is expected to be valued at US$ 221.9 million by 2032, expanding at a 9.2% annual rate through 2032.

• South Korea is expected to reach a market size of US$ 136.7 million in test and measurement equipment by 2032, with a CAGR of 8.6% through 2032.

COMPETITIVE LANDSCAPE:

Fortive Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Keysight Technologies, Yokogawa Electric Corporation, National Instruments Corporation, EXFO, Inc., Advantest Corporation, VIAVI Solutions Inc., and Texas Instruments Incorporated are among the major companies profiled in the test and measurement equipment market.

These companies provide test and measurement equipment solutions to meet test and measurement equipment market demands and needs.

To extend their influence in the test and measurement equipment market trends, these vendors have used a variety of organic and inorganic growth tactics.

RECENT DEVELOPMENT:

A couple of recent developments in test and measurement equipment market are as follows:

• VIAVI Solutions released new fibre test and measurement equipment solutions in March 2021, enhancing the industry’s most comprehensive offering for fiber-optic testing. The company’s new optical power metres, fibre characterization modules, and an enhanced optical time-domain reflectometer (OTDR) solution enable service providers, colocation and hyperscale data centres, enterprises, and contractors to reduce manufacturing costs, improve service quality, minimise downtime, and generate more revenue.
• Anritsu introduced the TRX Test module, MU887002A, in March 2021, to increase the efficiency of production-line inspections of 5G wireless communication equipment, as well as its space-saving universal wireless test set, MT8872A.
• As part of its OpreX analyzer lineup for use in water treatment facilities, Yogokawa launched TB820D right-angle scattered light turbidity detectors, FC800D non-reagent type free available chlorine sensor units, RC800D reagent type residual chlorine sensor units, FLXA402T liquid analyzers for turbidity and chlorine, and PG400 pulse generators for clean units in February 2021.

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Global sales of multi-deck refrigerated display cases are set to be valued at over US$ 5,937.1 Mn in 2022, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 5.6% CAGR from 2022-2032.

The increasing usage of multi-deck refrigerated display cases in retail food and beverage sector will facilitate the market growth. Increasing disposable income as a result of economic growth has fueled spending on consumables in various developing economies. Therefore, the increasing number of middle-class consumers and rising brand consciousness among them have been driving the market for food and grocery retail sector.

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Increasing urbanization has significantly increased the dependence on the storage and transportation of food & beverages. Moreover, the growth in number of quick services restaurants is creating conducive environment for sales of multi-deck refrigerated display cases.

The urban segment is the largest contributor to the overall revenue generated by the FMCG sector. Many FMCG products have a limited shelf life and thus require refrigeration. Due to this demand for multi-deck refrigerated display cases is rising.

Key Takeaways from Multi-Deck Refrigerated Display Cases Market Study

• By end-use, retail food and beverage sector is projected to hold over 74% volume share in the global market in 2022.
• The remote multi-deck refrigerated display cases will remain top-selling product category, accounting for 62% of the market share.
• Europe and North America will remain a primary markets and are expected to account for over 51% of the demand by 2022.
• By Case Type, Gravity Coil is most commonly used in Multi-Deck Refrigerated Display. It is used to keep the product cold through convection heat transfer.
• Leading multi-deck refrigerated display cases market players are improving their manufacturing capabilities in order to offer faster deliveries to customers. Procurement, collaboration & partnership are among the key strategies that will encourage market participants to strengthen their presence.

“The trend of integrating advanced technologies like digital twin and IOT will positively affect growth in the market. Sales of multi-deck refrigerated display cases will grow as number of supermarket and hypermarkets increases globally,” says a Future Market Insights analyst.

Who is winning?

The multi-deck refrigerated display cases market is fragmented, in which the key players account for around more than 50 to 60% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Blue Star Limited, Carrier Corporation, Frigoglass SAIC, Epta S.p.a. Refrigeration, Dover Corporation, Haier Group, Arneg S.p.A, Illinois Tool Works Inc. and others

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Find More Valuable Insights

The research report analyzes demand for Multideck Refrigerated Display Cases. The global Multideck Refrigerated Display Cases market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of types, width, case type, end-use 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 factors.

Key Segments

By Product Type:

• Consumer Electronics
• Computer Related Products
• Others

By Region:

• North America
• South America
• Europe
• Asia Pacific
• Middle East & 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 global Industrial Automation Market is expected to have a significant CAGR of 7% during the forecast period to reach a valuation of US$ 51 Bn by 2026, up from US$ 36 Bn in 2021.

The efficient flow of information across multiple units in an industry allows for the most efficient conversion of raw materials to completed goods, emphasizing the importance of the connected enterprise system, which is a primary driver for the industrial automation market.

The industrial automation market growth can be attributed to rising demand for real-time data analysis across geographies and increased adoption of cutting-edge technology across end-use industries to improve performance.

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The significance of predictive maintenance and asset management solutions, which provide users with better visibility into their equipment condition, is accelerating the demand for industrial automation solutions.

The efficient flow of information across different units in an industry allows for the most efficient conversion of raw materials to finished goods, highlighting the significance of the connected enterprise system, which augurs well for industrial automation market future trends.

Industrial automation solutions adoption trends are likely to be favoured by governments across the world as they are focusing on the development of process and distinct industries by launching a variety of initiatives and plans backed by investments to boost productivity.

Manufacturers can gain real-time access to plant floor data enabled by industrial computing and automation technologies, which helps them centralize business data and multi-plant operations, thereby surging the sales of the industrial automation solutions.

As per the industrial automation market study, the industrial automation market size is estimated to be about US$ 51 Bn by 2026.

Key Takeaways:

• By sensor, inductive sensors are expected to dominate the market due to automatic welding system and their capabilities such as high mounting flexibility robust metallic detection.
• By servo, servo motors are expected to grow at the fastest CAGR during the forecast period, as market participants launch new servo motors for automation systems.
• AC motors are expected to see widespread adoption by motor type due to their low maintenance and low cost.
• By industry, the discrete automation industry is likely to lead the market as the sub-segment, automotive and heavy manufacturing industries, is likely to drive the demand for automation solutions.
• By component, the software segment is expected to have a significant market share during the forecast period since it seamlessly allows businesses to streamline their manufacturing processes.
• By hardware, Robots are expected to grow at a rapid pace due to technological advancements and the emergence of Industry 4.0, with market players introducing advanced robots for automation purposes.
• The Middle East and Africa market for PAM and adoption of industrial automation solutions are expected to grow at the fastest rate, as PAM improves decision-making and turnaround time by tracking manufacturing defects.

“The Asia Pacific region controls most of the global industrial automation market. The market is expanding positively and is expected to continue doing so on account of smart manufacturing and automation, and integration with the current manufacturing environment. Furthermore, the growing number of application areas, as well as the strong presence of industrial automation services companies and the developing economies of Asian countries, all contribute to the market’s growth.” says an FMI researcher.

Competitive Landscape:

The industrial automation market appears to be highly competitive. Several well-established machine automation technologies providers form a solid competitive landscape.

These market participants attempt to maintain their positions by investing in collaboration, mergers and acquisitions, partnerships, product/technology launches, and expansion.

These strategies assist market participants in gaining a more significant industrial automation market share and meeting their expansion plans. They are primarily concerned with new technology advancements in industrial automation.

The market would be subjected to constant innovations and developments, intensifying competition among top industrial automation system integrators.

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Recent Developments in the Industrial Automation Market include:

• Siemens AG and SAP SE have expanded their collaboration to deliver a new service and asset lifecycle management solution. The collaboration aims to connect plant floor operations, remote condition monitoring and Siemens industrial automation products development via digital twins with original equipment manufacturers to facilitate collaboration across the asset lifecycle.
• Plex Systems, a provider of smart manufacturing solutions, was purchased by Rockwell Automation Inc. for USD 2.2 billion. Plex Systems’ cloud-native smart manufacturing platform will be used to broaden industrial cloud offerings.

Key Segments

By Deployment:

• Industrial Robots
• Machine Vision System
• Process Analyzer
• Field Instruments
• Human Machine Interface (HMI)
• Industrial PC
• Industrial Sensors
• Industrial 3D Printing
• Vibration Monitoring

By Component:

• Supervisory Control And Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Manufacturing Execution System (MES)
• Industrial Safety
• Plant Asset Management (PAM)

By End-use Industry:

• Oil & Gas
• Chemicals
• Pharmaceuticals & Medical Devices
• Food & Beverages
• Energy & Power
• Automotive
• Machine Manufacturing
• Water & Wastewater Treatment
• Electronics & Semiconductors
• Metals & Mining
• Others

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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 sulfur hexafluoride market is poised for promising growth at a projected CAGR of approximately 5.8% during the course of forecast period (2019-2029). Favorable chemical properties and variegated end-use applications particularly electronic devices continue to supplement the growth of sulfur hexafluoride market.

Key Takeaways of Sulfur Hexafluoride Market Study

• Role of sulfur hexafluoride in developing electronic circuits is the growth engine of the market.
• Chemical inertness, non-toxicity, high density, and high dielectric strength are highly sought-after attributes of sulfur hexafluoride.
• Electronic grade sulfur hexafluoride contributes substantially to the overall demand.
• Asia Pacific carves out approximately 45.8% revenue share in the global sulfur hexafluoride market.
• Europe will exhibit relatively sluggish market growth owing to stringent government regulations.

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Key players must adopt multipronged strategies such as joint ventures and product development for competitive leadership. These strategies are fundamental to fortifying their foothold in the global sulfur hexafluoride market.

Asia Pacific Accounts for 45.8% Share in Sulfur Hexafluoride Market

On account of enormous regional population, power and energy demand is soaring in Asia Pacific. Being a leading end-use application of sulfur hexafluoride, power & energy generation industry is supporting the growth of regional market. Hence, Asia Pacific sulfur hexafluoride market garnered approximately 45.8% market share in 2018.

The sulfur hexafluoride market is Europe will relatively be slow during the forecast period owing to environmental implications associated with the product. Moreover, stricter norms set down by governing bodies are limiting the sulfur hexafluoride market growth in the region. However, improved sustainable practices in certain domestic markets such as the United States will contribute to steady market growth in the country.

Sustainable Practices Remain Key Agenda of Industry Leaders

Some of the key players featured in this FMI study include, but are not limited to, Advanced Specialty Gases, Air Liquide, Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Solvay S.A., Praxair Technology, Inc., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.

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The global sulfur hexafluoride market is fragmented in nature.  Reusing sulfur hexafluoride and incorporating latest technology is the key forte of market leaders. For instance, Solvay reclaims and reuses sulfur hexafluoride gas worldwide to comply with stringent environmental norms. Other players opt for collaborations to strengthen their market presence.

Sulfur Hexafluoride Market: Segmentation

The global sulfur hexafluoride market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Grade

• Technical
• Electronic

By Application

• Electrical Transmission and Distribution
• Semiconductor Manufacturing

More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global sulfur hexafluoride market. The major categories encompassed by the report include grade (technical, electronic), application (electrical transmission and distribution, semiconductor manufacturing) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

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Frequently Asked Questions

• What is the Growth Outlook for Sulfur Hexafluoride Market?
• By 2032, how much can the Sulfur Hexafluoride Market Grow?
• What is the Current Valuation of the Sulfur Hexafluoride Market?
• Which Region is likely to Lead the Sulfur Hexafluoride Market?

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 (FMI) recently published a detailed business intelligence study on global demand for and application of feldspar in various industries. The study reveals that the global feldspar market size reached around US$ 1.3 Bn in 2018.

Robust advancement in construction and development of both commercial and residential sectors are triggering the sales of feldspar, which is widely used in making ceramic tiles. However, recycling of glass and ceramic, mining costs, and volatile logistics are some of the foremost restrains which are expected to hinder the growth of the feldspar market.

An increase in the demand for real estate and revival of the U.S. economy exert the demand for feldspar on the ceramics industry, which will further expand North America’s feldspar market.

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Key Takeaways – Feldspar Market Study

• The global feldspar market is projected to grow at a CAGR of 5.5% over the forecast period (2019-2029).
• Europe’s feldspar market accounts for 59% of the global market value, owing to emergence of Germany as one of the top producers of feldspar.
• Feldspar market in Germany was valued to be US$ 12 Mn in 2018, due to increasing demand for glass and ceramics in global automotive, construction and electronics industries.
• High growth opportunities are expected in APEJ, owing to rapid expansion of construction industry and increased government investments in infrastructural projects.
• Stringent environmental regulations on mining of feldspar are expected to hinder the market growth.

Feldspar Market Remains Highly Consolidated

The global feldspar market is highly consolidate, making it difficult for new companies to enter the marketplace. Some of the major companies dominating the market are Quarzwerke GmbH, I-Minerals Inc., Feldspar Corp., Quartz Corp., Adolf Gottfried Tonwerke GmbH, Imerys S.A., EczacibasiEsan, Granite Rock Company, LB Minerals, SCR-Sibelco NV, U.S. Silica Company, SP Minerals, Pacer Corporation, and Sunminerals.

To stay ahead of pack, manufacturers are targeted towards stronger foothold on the global market along with competitive pricing strategy. These factors played an important role in Quartz Corp’s decision to increase the price of feldspar by 5% to 10%, effective from 1^st January 2020. Such strategic move is likely to influence other manufacturers and suppliers to bring high quality products to the market at affordable prices.

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Feldspar Market: Segmentation

The global feldspar market is segmented in detail to cover all aspects of the market and provide a detailed market research insights to readers.

By Product

• K-Feldspar
• Plagioclase Feldspar

By Application

• Glass
• Ceramic
• Construction
• Decorative
• Electrical

Potassium Feldspar to Hold Relatively Large Share

The FMI study finds that potassium feldspar account for higher share than its plagioclase counterpart. Strong global focus on harnessing solar energy is significantly contributing to demand for K-feldspar, which is commonly used in solar glass to produce solar cells.

In addition, increasing utilization of post-consumer glass collected via neighborhood and local government recycling programs will continue to intensify competition for raw materials such as feldspar in the manufacturing of glass containers. However, it is imperative to note that the presence of substitutes such as nepheline syenite is projected to negatively impact the demand for feldspar.

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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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These masts are used where the drones and other surveillance equipment cannot be used. Growing demand for telescope masts and pneumatics in the commercial sector is expected to drive sales at a 4.9% CAGR over the forecast period.

North America is anticipated to hold a dominant share in the market due to increasing investments in the military sector, followed by Europe. North America and Europe are projected to hold a collective market share of 45% by 2032.

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In order to properly safeguard a cellular network from challenges such as natural disasters, man-made accidents etc., and one must fully understand their impact. Telescopic masts serve as the overall solution for cellular antennas via a temporary platform. Public events, where thousands of people gather, can overwhelm the limited cellular network infrastructure designed for the permanent solution for the area. Aforementioned reasons proliferate the demand and augment the rate of manufacturing of telescopic masts across the globe.

Telescopic masts are used primarily in setting up short-term radio networks for reporting the key news events and for momentary communications requirement in emergencies. Additionally, telescopic masts find their applications in tactical military networks for reconnaissance owing to various characteristics offered by the product. Moreover, telescopic masts are also utilized in mobile lighting, flag mast, fire-fighting equipment, and golf fields. The global telescopes masts market is highly fragmented and flooded with thousands of regional players.

The report covers exhaust analysis on:

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

Regional analysis includes:

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

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

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Key Participants

Example of some of the market participants in the global telescopic masts market discerned across the value chain include

• Clark Masts Limited
• Comrod Communication AS
• Motion Technologies Pty Ltd
• Fireco Srl
• Carl C. A/S
• The Will-Burt Company (Geroh)
• YUASA Co., Ltd.
• Cobham plc
• South Midlands Communications Ltd
• Telco Antennas Pty Ltd
• Kadevi Industries Limited

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

The report 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.

Market Segmentation

Global telescopic masts market can be segmented on the basis of operation, installation, material, height, load, applications and regions.

On the basis of operation,

• Manually Operated (Push-up)
• Pneumatic
• Hydraulic

On the basis of installation,

• Trailer based
• On-ground

On the basis of material,

• Composite Materials (Carbon fiber and Glass Fiber)
• Aluminum

On the basis of height,

• Up to 12 m
• 12 m to 30 m
• More than 30 m

On the basis of load,

• Light duty (up to 45 kg)
• Medium duty (45 kg – 120 kg)
• Heavy duty (above 120 Kg)

On the basis of applications,

• Commercial
• Military
• Security
• Municipal
• Others

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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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Future Market Insights,
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Global polycarbonate sheets market is set for propitious growth, invigorated by promising demand from automotive and building & construction industries. Witnessing a projected CAGR of 4.3% over 2019-2029, this billion-dollar industry will receive noteworthy momentum from Asia Pacific market.

Expediting infrastructural activities in developing countries continue to create lucrative white spaces for manufacturers of polycarbonate sheets.

Globally leading manufacturers of polycarbonate sheets must plan massive investments in strengthening their supply chain across Asia Pacific to capitalize on surging demand.

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Key Takeaways of Polycarbonate Sheets Market Study

• Crucial attributes such as high impact resistance, thermal insulation, and dimensional stability are boosting the demand for polycarbonate sheets.
• Polycarbonate sheets are set to become a preferred alternative for acrylic and glass because of low maintenance cost and degradation over time.
• Low carbon emission is prompting manufacturers to accelerate the adoption of polycarbonate sheets.
• Role of polycarbonate sheets in manufacturing sturdy, lightweight and eco-friendly automotive components will steer the demand through 2029.
• Increasing usage of polycarbonate sheets in commercial and residential spaces for cladding and roofing applications will exhibit promising growth through the forecast period.
• Gains in polycarbonate sheets market will remain concentrated in Asia Pacific through 2029.
• Fluctuation in raw material prices will hinder the growth of polycarbonate sheets market during projection period.

Asia Pacific Garners over 43% Share in Global Market

Consumers in Asia Pacific (APAC) would be the key demographic for polycarbonate sheet manufacturers. Increasing net worth income of consumers in emerging Asian economies is capturing the attention of global market leaders.

APAC continues to account for more than 43% of the total market value. Moreover, rapid industrialization is accentuating the demand for polycarbonate sheets. Strong government impetus and supporting policies are facilitating the growth of polycarbonate sheets market in this region.

In view of maturing end-use industries such as automotive and construction, polycarbonate sheets market in Europe and North America is relatively saturated. However, the packaging industry in these two regions will offer new growth opportunities on account of heightened demand from nuclear families.

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Industry Leaders to Unlock Profitable Avenues through Product Innovation

Major players profiled in this study, include but are not limited to, Trinseo, Spartech, Mitsubishi Gas Chemical, Evonik Industries, SABIC, Arla Plast, 3A Composites, Covestro, Excelite, Gallina India, and Palram Industries.

Leading players continue to diversify their product portfolio, especially in Asia Pacific. In view of enormous population, wide range of application-specific polycarbonate sheets will cater to variegated end-use segments.

For instance, Covestro launched new polycarbonate thermoplastics under the series ‘Makrolon’ which cater to various applications such as LED lighting, architectural glazing, eyewear, electronics, sporting equipment, automotive headlamps, and medical devices. Moreover, global players must collaborate with regional manufacturers to expand their market foothold.

Market Segmentation

The global polycarbonate sheets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Type:

• Solid
• Multiwall
• Corrugated

End-Use:

• Building & Construction
• Automotive
• Electrical & Electronics

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More About the Report

FMI’s study offers an in-depth market forecast and analysis on the polycarbonate sheets market. The major categories encompassed by the report include end-use (electrical & electronics, automotive, building & construction), type (solid, multiwall, corrugated) across five regions (Europe, Middle East & Africa, Asia Pacific, North America, Latin America).

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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This is the main factor as to why the global propanol market is estimated at US$ 3,099.4 Mn in 2022, and is projected to experience steady growth during the forecast period of 2022-2029. East Asia will see the most opportunities for manufacturers over the period of forecast, with pharma- and electronic-grade isopropanol experiencing increasing sales.

Growing utilization of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is expected to pave the way for its robust sales during the projected timeline.

The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

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Key Takeaways from Global Propanol Market

• In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
• Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
• Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

 “Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

East Asia Set to Become Self-sufficient in Propanol

In the year 2014, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2014-2021, massive addition in capacity has made China a prominent producer in Asia Pacific.

In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with approximately 60% utilization rate.

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Looking for More Information?

A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market, and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029.

The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions.

This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

Propanol Market By Category

By Types :

• N-Propanol
• Isopropanol

By Application :

• Solvent
• Chemical Intermediate
• Pharmaceutical
• Household and Personal Care Products
• Others

2014-2021 Propanol Market Outlook Compared To 2022-2029 Forecast

Sales of propanol increased at 2.5% CAGR, between the period of 2014 and 2021, owing to moderate demand outlook from the end use sectors such as pharmaceuticals and chemical intermediate.

A decrease in the demand for n-propanol from certain end users during the pandemic crisis has impacted the overall growth of the market, although in upcoming years the growth is expected to bounce back to its original pace based on the recovery of the economic conditions. However, substantial demand for sanitizers has boosted the market for isopropyl alcohol.

The key driver of the market is the rising use of propanol in paints and resin, pharmaceuticals, personal care products, de-icers, cosmetics, inks, food, and adhesives. Most end users are shifting their focus from isopropanol to n-propanol.

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Considering the new law regarding the utilisation of low volatile chemical compounds, n-propanol has capitalised on a modest increase in demand in food processing and pharmaceutical applications. An increase in the demand for sanitizer all over the globe has bolstered the growth outlook for iso-propanol.

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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As per a recent market survey by Future Market Insights, sales in the global shot blasting machine market are expected to increase at a healthy 5% CAGR, reaching a valuation of US$ 1.8 Bn in 2031. Shot blasting machines play a vital role in the metal industry. With increasing demand from industries such as aerospace and automotive, sales will rise across the globe over the forecast period.

Growing demand for shot blasting equipment from the construction and automotive sectors is expected to drive the demand for semi-automatic shot blasting machines in the forthcoming years.

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Further, manufacturers are offering customized shot blasting machines to improve sales in the market. They are focusing on innovative technologies and techniques to improve the performance of these machines. This is expected to augment the. Growth of the market in the forthcoming years.

As per FMI, sales in China and India are expected to increase at a considerable pace owing to rapid urbanization, increasing sales of electric vehicles, and growing residential and commercial establishments.

“Increasing applications of shot blast machines in the aviation sectors, along with surging demand for roller conveyor shot blasting machines will continue boosting the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

• In terms of product type, sales of wheel blasting machines are projected to increase at a 3.8% CAGR through 2031.
• Based on automation, demand in the semi-automatic segment will grow at a 4.1% CAGR over the assessment period.
• Sales in the automotive sector will increase at a steady 4.2% CAGR over the forecast period.
• The U.S. will dominate North American shot blasting machines market, expanding at a 4% CAGR.
• The U.K. will emerge as a lucrative pocket in the Europe shot blasting machines market, with sales growing at a 4.3% CAGR.

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Competitive Landscape

Some of the leading players in the market are SINTOKOGIO, LTD., Rösler Oberflächentechnik GmbH, Norican Group and SHANDONG KAITAI GROUP CO. LTD. The top 5 players are projected to account for 20-25% of the total market share over the forecast period.

The global shot blasting machines market is extremely consolidated. Market players are competing to increase their global footprints by advancing their product portfolio through technological innovations and new product development. Players are also expanding their sales channels in emerging markets through collaborations and are focusing to provide a global service network to end-users.

Find More Valuable Insights

The research report analyzes the market demand trends of the shot blasting machine market. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of Shot Blasting Machines.

As per Future Market Insights’ research scope, the Shot Blasting Machine Market has been studied and segmented based on product type, automation, end-use industry and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market on both, the supply-side and demand side.

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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, Inc
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Demand for nitric acid market is increasing, as it is a component of many fertilizers. The global nitric acid market is set to witness a significant CAGR of 2.3% and is anticipated to reach a valuation of around USD 37.63 billion by 2032, up from 29.3 billion in 2021.

Fertilizers are used to boost agricultural output in order to meet the rising food demand from the growing population. Nitric acid demand from fertilizer producers is expected to increase, as is fertilizer usage in agrarian economies around the world.

The existence of international firms, which are constantly coming out with new products to gain a larger nitric acid market share, makes the global nitric acid market extremely competitive.

The government’s environmental regulations and efforts to reduce industrial waste are what are preventing the nitric acid market from expanding. The market was constrained by these nitric acid market trends, due to rising concerns over CO2 emissions from automobiles.

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However, it is projected that the growing usage of plastic in the medical industry would lead to a gradual stabilization of nitric acid market share. The growing need for PPE kits, which has increased plastics manufacturing, is driving the growth of the nitric acid market.

North America is anticipated to hold the largest global market share for nitric acid, which may be ascribed to the region’s consumers’ high disposable income and robust economic growth. Most of the demand for nitric acid comes from Eastern Europe, a region with significant growth potential.

Key Takeaways from Market Study

• The nitric acid market is expected to have a CAGR of 2.3% during the forecast period.
• The market is segmented based on application, wherein the fertilizer segment is anticipated to account for a significant global nitric acid market share of 80.07% in 2021.
• The European nitric acid market is anticipated to grow at the fastest rate, with a share of around 65.5% in 2021.
• North America is likely to dominate the nitric acid market during the forecast period.
• Asia Pacific is expected to witness a lucrative growth rate in the nitric acid market during the forecast period.
• Demand for nitric acid is high, since it is a component of many fertilizers, and discretionary income among consumers is rising.

Competitive Landscape

Businesses all across the world are focusing on process innovation and capacity development. Key market players claim that building large plants and increasing commercial output would improve the availability of nitric acid.

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Key Players

• BASF SE
• Dupont
• Nutrien Ltd.
• Omnia Holding Limited
• Apache Nitrogen Products Inc.
• CF Industry Holdings, Inc
• Thyssenkrupp AG
• Yara International ASA
• Rashtriya Chemical & Fertilizers Ltd.

Key segments

By Application:

• Fertilizers
• Nitrobenzene
• Adipic acid
• Toluene diisocyanate (TDI)
• Nitrochlorobenzene
• Others

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Recent Developments: Product Launches and Collaboration

With a new long-term nitric acid supply contract signed in October 2020, LSB Industries, Inc. will supply 70 KT to 100 KT of nitric acid annually to a customer. This is an endeavor to improve profitability through targeted marketing and a different product mix.

• At the Indian nitric acid complex, Deepak Fertilizers and Petrochemicals began commercial production in April 2019. Around 149 KT of diluted nitric acid and 92 KT of concentrated nitric acid are annually produced by the new factory.

Frequently Asked Questions