Market Research Blog – Page 9599 – New Product Development

Chocolate Flavoring Compounds Market Regulatory Landscape & Business Prospects, Revolutionary Products-2028

The natural and organic trend in the F&B sector is likely to be the prime influencer of the chocolate flavoring compounds market. Manufacturers in the chocolate Flavoring compounds market are actively engaged in introducing organic or natural chocolate Flavoring compounds. In addition, demand for chocolate Flavoring compounds is on the rise owing to the presence of high polyphenol levels in the cocoa or chocolate that are nutritionally beneficial.

In addition, several epidemiological studies have observed that intake of dark chocolate rich in polyphenol can prevent heart-related diseases, in turn increasing importance of chocolate flavoring compounds. Dissemination of knowledge regarding health benefits of chocolate is likely to bode well for the chocolate Flavoring compounds market in the near future.

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Global Chocolate Flavoring Compounds Market: Key Takeaways

In 2016, the company Puratos a launched a new product- 100% sustainable cocoa powder premium compound coatings. In 2012, the company also adopted the use of certified sustainable palm oil in its compound products.

In 2017, Wilmar International partnered with Aalst Chocolate Pte Ltd, which is a chocolate manufacturer based in Singapore to produce chocolate and compounds.

Market Outlook for Chocolate Flavoring Compounds Market

A chocolate flavoring compound is a mixture of various ingredients such as vegetable fats, sugars, cocoa powder and other flavors which are used to impart chocolaty flavor to the desired food product. Chocolate flavoring compounds are the base ingredients used to manufacture commercially consumed confectionery chocolates.

Despite the growing health trends, the chocolate flavoring compounds market is expected to witness growth due to modifications in the traditionally consumed chocolate flavoring compounds such as reduction of sugar and protein fortification. Basically, according to the standards set by the FDA, chocolate flavoring compounds are more flexible than chocolate standards and hence can be developed into a wide range of varieties with respect to flavor, color and performance.

In addition, marketing the chocolate flavoring compounds which can be paired with vegetables and other protein-rich foods are also enabling the manufacturers to expand their consumer base by targeting the health conscious demo graph.

Global Chocolate Flavoring Compounds Market: Key Players

Some of the key players operating in the global chocolate flavoring compounds market are

Clover Hill Food Ingredients Ltd
Cargill, Incorporated
ADM WILD Europe GmbH & Co.KG
Nestlé
Wilmar International Limited
PURATOS
Shellz Overseas Pvt. Ltd.
INFORUM Group
Buhler AG,Barry Callebaut
Unigrà S.r.l.
Blommer Chocolate Company
CEMOI
HERZA Schokolade GmbH & Co. KG.

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Opportunities for Chocolate Flavoring Compounds Market Participants

The chocolate flavoring compounds manufacturers have the opportunity to develop chocolate compounds which are not only low in sugar but are also lactose-free. Also, the chocolate flavoring compounds could be developed to make it more sustainable following consumer sensitivity towards eco-friendly and sustainably produced products.

Another important strategy is the repositioning of the chocolate flavoring compounds by marketing it with clean label tagline. This will allow the consumers to indulge yet fulfill their health related diet regime. The chocolate flavoring compounds could also be marketed as premium products as consumers are often ready to pay more for premium products.

Key Data Points Covered in the Report

The report covers exhaust analysis on

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

Regional analysis includes

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

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

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Global Chocolate Flavoring Compounds Market: Segmentation

The chocolate flavoring compounds market is segmented on the basis of product type, product form and end use.

On the basis of product type, the chocolate flavoring compounds market is segmented as-

Dark
Regular

On the basis of product form, the chocolate flavoring compounds market is segmented as-

Solid
Paste

On the basis of end use, the chocolate flavoring compounds market is segmented as-

Variegates
chocolate beverages
Bakery
Frozen desserts
Confectionery
Dairy
Snacks
Sauces & spreads
Convenience food
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 6-years.

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Mastic Gum Market Trends Outlook with Regulatory Landscape& Volume Forecast, Company Ranking-2027

Mastic gum is a naturally occurring resin obtained from the small tree (mastic tree). This tree called as Schinos which is a member of Pistachia family. The average growth of these trees ranges from 1.5 meters (~5 feet) to 3.5 meters (~11 feet) high and by the age of 5 to 6 years, it begins to produce the mastic gum. After about 15 years of age, this small mastic tree could give approximate 60 to 250gr of resin which is known as mastic gum.

The average resin per tree produced from this small mastic tree is about 100gr.Mastic gum is used for chewing, and it is helpful in gum exercise and along with its all other relevant advantageous effects in the dental exercise.

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It has been confirmed that unlike other normal chewing gums, the natural mastic gums induces higher salivation because of its hardness and its particular taste that gives a better feel of cleanness and freshness in the mouth. It is beneficial for those persons (mainly elder persons) who are suffering from the dry mouth problems.

Drivers and Restraints

Rising use of mastic gums in the industries like food service industry, pharmaceutical, and medicinal industry is the critical success factor fuelling the growth of the global mastic gums market. Additionally, the increasing awareness among people regarding the utilization of mastic gums to improvise their health like the dry mouth is expected to drive the market over the forecast period.

Also, the growing demand for mastic gum products in food service industry, pharmaceutical and medicinal industry due increasing per capita income and changing the lifestyle of consumers, increasing awareness about resins from the mastic trees is further fuelling the growth of the global mastic gums market.

Furthermore, the mastic gums help to improve their dental and mouth related problems, which is also expected to increase the growth of global mastic gums market during the forecast period. More and more manufacturers across the world are discovering the mastic gums because of their high demand.

Market Scenario

Substantial growth will be noticed over the forecast period in the global mastic gums market. There is a significant increase in the mastic gums market owing to rising demand for mouth freshness and cleanness products globally, and mastic tree helps in producing good quality mastic gums.

However, the market is expected to grow moderately in developed countries. North America and Europe will show the stagnant growth due to a stable population and high penetration of these products. APEJ will grow at over the fastest rate backed by rising population and many people in this region are suffering from the dry mouth problems that will increase the demand for mastic gums. Mastic Gum Market have many players worldwide supplying the mastic gum for pharmaceutical and medicinal use, industrial use, for use in the food industry and others.

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Market Segmentation

The mastic gums market can be segmented on the basis of types and end users. Furthermore on the basis of types mastic gums market is segmented into chewed pure mastic gum, xylitol mastic gum, and others and on the basis of end users, Mastic Gums market is segmented into food service industry, pharmaceutical and medicinal industry and other end users. Based on geography, the global Mastic Gums market is segmented into seven regions, namely Eastern Europe, North America, Latin America, Western Europe, and Asia-Pacific except Japan, Middle East Africa, and Japan

Key Players

Some of the major global players in the Mastic Gums market are Merck KGaA, Lalilab, Inc., Sharawi Chewing Gum Factory, Mazaya’s Tobacco-Molasses, and other key players.

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.

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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)

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Cook-up Starch Market Overview & Sales, Regulatory Landscape, Region with Growth Projection-2028

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Cook-up Starch Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2030.

The team of researchers at Future Business Insights are focusing on research and market study to produce different Cook-up Starch Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Cook-up Starch Market.

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Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

Cargill Inc., SÜDSTÄRKE GMBH, Roquette, Tate & Lyle, Carst & Walker (C&W), Avebe, MGP, ASIA FRUCTOSE CO., LTD., Visco Starch, AGRANA Starch, Emsland Group, Ingredion, BENEO GmbH, Archer Daniels Midland Company, Grain Processing Corporation and Helios Kemostik, d.o.o., among others.

Market Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

On basis of type, the cook-up starch market is segmented as:

Native
Modified
Physically modified
Chemically modified

On the basis of source, the cook-up starch market is segmented as:

Potato
Wheat
Corn
Tapioca
rice
Others

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On the basis of end use, the cook-up starch market is segmented as:

Food Industry
Bakery
Confectionary
Convenience Foods
Dairy
Meat, poultry & seafood
Soups, sauces and spreads
Cake mixes and Gravy mixes
Dips & Dressings
Cereals & Snacks
Baby food
Ready meals
Processing Industry
Nutrition bars and drinks
Functional Food
Pet Food
Others

Queries Solved

What is the size of the overall Cook-up Starch Market in the Food and Beverage Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Cook-up Starch Market in the Food and Beverage Market, and how they are expected to impact the market?
What are the attractive investment opportunities within the Cook-up Starch Market in the Food and Beverage Market?
What is the Cook-up Starch Market in the Food and Beverage Market size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Cook-up Starch Market in the Food and Beverage Market?
What are the recent trends in Cook-up Starch Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Cook-up Starch Market in the growth of the Food and Beverage Market?
What are the key market trends impacting the growth of the Cook-up Starch Market in the Food and Beverage Market?

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Reasons to Buy the report

The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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Pygeum Bark Extract Market Study on Recent Improvements, Regulatory Landscape & Analysis, Comparison with Prior Studies-2027

Pygeum bark extract is extracted from Pygeum africanum an African cherry tree, which is an evergreen tree found at higher altitudes across Africa. This tree is known to be used in historic times dating back to the 1700s. Tribes in southern Africa region used the bark to treat bladder discomfort. The pygeum bark extract has been used in European region to treat benign prostatic hyperplasia since the 1960, and is currently the most commonly used treatment for this condition in France.

Numerous researches have been carried out and various properties and active constituents have been mapped for herbal medicinal purposes. Pygeum bark is known to contain various beneficial constituents, including phytosterols such as beta-sitosterols, which exhibit anti-inflammatory action by inhibiting the production of prostaglandins in the prostate.

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Pygeum Bark Extract Market Segmentation:

Pygeum bark extract is available in almost every dosage form including capsules and tablets, hence this herbal medicine is expected to account for a significant growth in the market during the forecast period. Originally available in powder form, increasing with a steady growth rate and yield a larger portion in terms of volume attributed to the diversity in use and ease of handling. The benefits of pygeum bark extract has created a costumer side demand and hence formulations of different kind have been developed and the shift in consumer trust towards herbal medicines is expected to drive the pygeum bark extract market during the forecast period.

Pygeum Bark Extract Market Regional Outlook:

The Western European region, with its high expenditure on herbal medicine research is expected to drive the pygeum bark extract market. The North American region has registered an ever increasing demand and acceptance in herbal products which is expected to further grow, contributing to a major factor for growth in the region. The Asia pacific region is also expected to see a steady increase in the market growth due to a large population’s belief in traditional remedies.

The pygeum bark extract market in Japan is also expected to represent an upsurge in the market growth in the forecast period. China being the largest exporter of herbal medicines followed by India.There is an increasing demand of herbal products throughout the globe with the major exports accounting to the following regions; North America, Latin America, Europe, Middle East, Asia Pacific and Africa. In regional segments North America accounts for a significantly higher share whereas rise in market demand originating from developing countries, Asia Pacific regions are expected to grow to a considerable fraction during the forecast period.

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Pygeum Bark Extract Market Drivers and Trends

Pygeum bark extract offer an alternative to pharmaceutical medicines which could have higher side effects. Thus the wellbeing concerns among health conscious consumers is expected to drive the pygeum bark extract market during the forecast period. The trends in use of traditional or herbal medicines is different for different regions, for example manufacturers do not need to register their products with FDA in US or get an approval, these are sold as dietary supplements. For this reason a large number of herbal products are flooding the American market and gaining high acceptance among masses.

The increased focus in innovation in herbal products in Western Europe is generating supply side demand and countries like Germany and France are spending high amounts on research. In Indian regulatory system the marketing and sales of herbal products are furthermore liberal, herbal products are established products being used from a long time hence there is no safety study required for established products, this is expected to act as a driving tool for the growth of the herbal product market including pygeum bark extract.

Pygeum Bark Extract Market Key Players:

Pygeum bark extract does not have a great product recall but is gaining acceptance at a growing rate and some of the key players participating in the global tomato extract market includes; Nutraceutical International Corporation, Nutra Green Biotechnology Co., Ltd., Xi’an Natural Field Bio-Technology Co.,Ltd., Nature’s Way Products, LLC., among other.

The report covers exhaust analysis on:

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

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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)

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

About FMI

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Lemon Oil Market Report Growth Pace Factors, Regulatory Landscape& Expansion of Retail Market-2027

Lemon oil is the oil manufactured from the cold pressing the lemon rind. With respect to fat-soluble phytonutrients, the lemon rind is nutritionally the densest portion of the lemon, which is native to Egypt, Rome, and Asia. Lemon oil acts as a solution to many types of problems, such as relieving headaches, heal acne and much more. Lemon oil is an effective cleansing agent which is used to purify the air and surfaces.

Lemon oil is used as a food ingredient, aromatherapy oil & air freshener, medicine, agent applicable for treating calluses and warts, spot remover, disinfectant, natural repellent & antibacterial remedy and much more. Lemon oil can also reduce the sedum on the scalp and acts as the hair tonic. Lemon oil also possesses the anti-viral property and so when used in balms, it can effectively treat cold sore.

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Lemon Oil Market Segmentation:

The global lemon oil market can be segmented on the basis of end use, distribution channel, and nature. On the basis of end use, the lemon oil market is segmented as pharmaceutical industry, food and beverages, household and, cosmetics and personal care industry. Countries such as the US has maximum usage of lemon oil in personal care & cosmetics industries.

On the basis of the distribution channel, the lemon oil market is segmented into direct and indirect. The indirect segment can be further segmented into modern trade, retail stores, specialty stores, and online stores. On the basis of nature, the lemon oil market is segmented as organic and conventional. Though organic lemon oil is more costly than conventional lemon oil but it provides a better quality and thus customers who can afford it can go for it.

Lemon Oil Global Market Trends and Market Drivers:

Drivers which boost the global lemon oil market are its numerous uses such as it is used to remove nasty smell which emerges while laundering of clothes, used as a teeth whitener, used in face wash for improving complexion and increase the softness of the skin, supports immune system if consumed with proper products, etc.

Research conducted over lemon oil proves that lemon’s success is due to the presence of d-limonene, which is a significant cancer-fighting antioxidant. Regions where consumers have high disposable incomes and improved food beverage, personal care industries, tend to witness high demand for flavors & fragrances produced via lemon oil and other essential oils. Lemon oil does affect the synthetic preservatives market as another factor which drives the lemon oil market is that lemon oil can also be used for cosmetic preservative, thereby reducing the need for synthetic preservatives.

Market Regional Outlook:

The regional segment for the market of the lemon oil market is segmented into seven different regions: Western Europe, North America, Eastern Europe, Latin America, APEJ, Middle East & Africa and Japan. There is the high production of lemon oil in India, China and other regions of Asia Pacific, thus Asia pacific is leading in the global lemon oil market. Among different types of essential oils, lemon oil is anticipated to have high CAGR in North America because of its diversified usage in different segments.

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Lemon Oil Market Key Players:

Few of the key players operating in the global lemon oil market are – Doterra International, A.G industries, Royal Aroma, AOS Products Private Limited, Med International S.A., Paras Perfumers.

The report covers exhaust analysis on:

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

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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)

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance

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Automotive Cups and Glass Holder Market Poised to Rake in US$ 25 Billion by 2032 | Future Market Insights

The global automotive cups and glass holder market is estimated to surpass a valuation of US$ 25 Bn by the end of 2032. The sales of automotive cups and glass holders are expected to total US$ 12 Bn by 2022, accelerating at a CAGR of 9% to 10% during the forecast period 2022-2032.

Globally Automotive Industry has witnessed significant transformation owing to globalizations across the globe. Moreover, technological innovations and developments in automotive industry has also created heaving competition among automotive vendors of various region. Furthermore, with the growing disposable income, the consumers are more focused towards comfort provided by the vehicle during the journey.

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Therefore, accessories used in the interior of the vehicle are also playing most crucial role in deciding the vehicle to be purchased by consumers. Forcing the designers to put additional efforts for the interior of the automobile. Additionally, development and introduction of Automotive cups and glass holder is one of the essential innovation in the automotive industry.

Rising emphasis of automotive manufacturers on providing high comfort and convenience accessories during the travel is projected to augment the demand for automotive cups and glass holders in the global market.

This can be attributed to the increasing consumption of beverages within the vehicle or during driving has forced the manufacturers to introduce automotive cups and glass holders at desired location with the automobile according to the need and vehicle category. Automotive cups and glass holder seems like a simple accessory in a vehicle, but the technological development leads to introduction of a spill free cups and glass holder. Furthermore, the automotive cups and glass holder market is projected to grow with a healthy CAGR during the forecast period.

Global Automotive Cups and Glass Holder Market: Regional Outlook

Globally, the automotive industry is predominately dominated by Asia Pacific region. The region is holding significant shares in the global automotive cups and glass holder market. Additionally, the region is also projected to grow with healthy pace and maintain its prominence throughout the projected period of time. The significant increase in the population of the region mainly of China and India is creating new demand for automobiles every year, making the automotive cups and glass holder market lucrative in the region. Furthermore, the presence of leading manufacturers of automobiles in the European region is making the region to hold noteworthy share in the global automotive cups and glass holder market. Germany to lead the overall demand for automotive cups and glass holder in the European market. The market in Latin America is also anticipated to hold significant potential owing to the positive outlook of the automotive market of Brazil. Therefore, Brazil is set to drive the Latin America automotive cups and glass holder market and projected to hold healthy share in the future.

Global Automotive Cups and Glass Holder Market: Market Participants

Bestek
APA/URO Parts
GenuineXL
AutoTrust Gold
Dorman
Rugged Ridge
Replacement
Crown
Rampage
Smittybilt
Vertically Driven Products
Febi
RT Off-Road

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Regional analysis includes:

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

Global Automotive Cups and Glass Holder Market: Segmentation

The global automotive cups and glass holders market can be segmented on the basis of location, orientation, vehicle type, sales channel and region.

On the basis of location, the global automotive cups and glass holders market is segmented as:

Retractable Cup and Glass Holder
Built-In Cup and Glass Holders
Console Cup and Glass Holder
Dashboard Cup and Glass Holder
Armrest Cup and Glass Holder
Door Trim Cup and Glass Holder

On the basis of orientation, the global automotive cups and glass holders market is segmented as:

Flexible Cup and Glass Holder
Fixed Cup and Glass Holders

On the basis of vehicle type, the global automotive cups and glass holders market is segmented as:

Passenger Car
Compact
Mid-Size
Luxury
SUV
Light Commercial Vehicles
Heavy Commercial Vehicles
Trucks & Trailers
Buses & Coaches

On the basis of sales channel, the global automotive cups and glass holders market is segmented as:

Original Equipment Manufacturer (OEM)
Aftermarket

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected Automotive Cups and Glass Holder market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Automotive Cups and Glass Holder market performance
Must-have information for Automotive Cups and Glass Holder market players to sustain and enhance their market footprint

About Future Market Insights (FMI)

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Plug-in Hybrid Electric Vehicles (PHEV) Market will Exhibit a Steady 8.6% CAGR through 2032

According to Future Market Insights research, during the projected period, the global Plug-in Hybrid Electric Vehicles market is set to enjoy a valuation of US$ 120.87 Bn in 2022, and further expand at a CAGR of 8.6% during 2022-2032. The sales of Plug-in Hybrid Electric Vehicles are estimated to propel with the top 3 countries projected to hold approximately 30-35% of the market by the end of 2022.

A Plug-in Hybrid Electric Vehicle (PHEV) is a vehicle which comprises of internal combustion engine (IC Engine), electric motor, and a rechargeable battery. The PHEV can work even after their battery is emptied, by using IC Engine and can operate as a conventional vehicle. The combination of both electric and IC engine power enable the vehicle to travel long distances. As compared to conventional vehicles, plug-in hybrid electric vehicles emit less harmful greenhouse gases, thus making them more environment friendly than the conventional vehicles.

PHEVs are mostly passenger cars but there are light commercial vehicles, heavy commercial vehicle, and two wheelers which have this feature available. The PHEV is popular in number of countries such as U.S., China, Japan, the Netherlands, and Canada. The plug-in hybrid electric vehicle gaining popularity in other countries as well such as France, Italy, Germany, Sweden, U.K., Norway, and Spain among others.

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Global Plug-in Hybrid Electric Vehicle Market Dynamics:

Global Plug-in Hybrid Electric Vehicle Market is driven by rising environment concerns, stringent emission norms, and subsidies & tax benefits by the governments. Plug-in Hybrid Electric Vehicle Market is facing restraints such as high cost of plug-in hybrid electric vehicles, lack of infrastructure such as plug-in charging points, and high cost of battery. To overcome these restraints private sector and government organizations should work closely to ensure the cost of the plug-in hybrid vehicle decreases and construction of adequate infrastructure. Along with this, public awareness programs should be carried out to aware the public about the benefits of the plug-in hybrid electric vehicles over the conventional vehicles.

Global Plug-in Hybrid Electric Vehicle Market Segmentation:

The global Plug-in Hybrid Electric Vehicle market is segmented on the basis of vehicle type, technology, and region.

The global Plug-in Hybrid Electric Vehicle Market is segmented on the basis of Vehicle Type: passenger car and light commercial vehicle. In 2015, the passenger car segment is estimated to be the largest segment in the PHEV market and it is projected to remain the largest segment during forecast period.

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The PHEV market is also segmented on the basis of Technology: series, parallel, and series-parallel. The global Plug-in Hybrid Electric Vehicle market is segmented on the basis of region as: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific exc. Japan (APEJ), Japan, and Middle East & Africa (MEA).

Global Plug-in Hybrid Electric Vehicle Market: Regional Outlook:

Geographically, the global Plug-in Hybrid Electric Vehicle market can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. The market for plug-in hybrid electric vehicle is prominent in North America and European countries, though in Asia Pacific region China and Japan are the major market for plug-in hybrid electric vehicles. In coming years, it is anticipated that the potential market for plug-in hybrid electric vehicle will be India, Brazil, South Africa, Russia, and Mexico. By region, North America is expected to hold highest market share followed by Europe in the global Plug-in Hybrid Electric Vehicle market. However, global growth opportunities mainly lies in the emerging markets where Plug-in Hybrid Electric Vehicle is currently in a nascent phase.

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Global Plug-in Hybrid Electric Vehicle Market Players:

The major players identified for the global Plug-in Hybrid Electric Vehiclemarket include Daimler AG, General Motors Corporation, Toyota Motor Corporation, Mitsubishi Motors Corporation, BYD Auto Co. Ltd., Volkswagen AG, BMW AG, Honda Motor Co. Ltd., and Hyundai Motor Company among others. The companies are emphasizing on research & development and new product development in order to cater the growing demand for plug-in hybrid electric vehicles. Many automotive OEMs are launching their new plug-in hybrid electric vehicles in the market.

For example, BMW launched its new plug-in hybrid electric vehicle BMW X5 in 2016. Other plug-in hybrid electric vehicles available in the market are Toyota Prius, Cadillac ELR, Chevrolet Volt, Porsche Panamera, Porsche 918 Spyder, Ford C-Max, Ford Fusion, Mercedes-Benz S-Class, BMW i8, Opel Ampera, Volkswagen Golf, and others

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APAC Airbag Market Demand, Scope and Future Estimation until 2032 – Report By FMI

According to FMI, the APAC Airbag market is estimated to be valued at US$ 8,510.0 Mn in 2022 and is projected to increase at a CAGR of 6.2% in the forecast period from 2022 to 2032.

Airbags are driver safety devices deployed in vehicles to provide cushioning and protection to passengers in the event of crashes/accidents. The bag is made of thin nylon fabric, and is folded into the dashboard, steering wheel, seat, roof or door. The crash sensor sends a message to inflate the bag in case of collision, while the inflation system helps in immediate inflation of air bag inside the passenger cabin.

The global market for airbags is expected to grow by a double-digit CAGR in the next six years. North America is leads the market followed by Europe and Asia Pacific. Due to advancements in technology, U.S is one of the largest markets for air bags. European countries are on the verge of economic recovery and are expected to show decent market growth in coming years.

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Key drivers for the global airbag industry are government regulations, increasing concern for passenger safety, development of roll over and side impact systems, increased sophistication of safety systems, and increasing adoption of safety systems across all the segments of passenger vehicles.

The Asia Pacific region is expected to witness high growth in the near future due to increasing domestic demand for automobiles. Growing concerns over safety and increasing incorporation of safety systems, particularly airbags, in the compact car segment are driving growth in the market.

Additionally, some of the key programs that rate vehicles based on their safety performance, such as the new car assessment program (NCAP) are also fuelling the growth of the airbag market in Asia Pacific. Affordability and technological advancement are other factors boosting the sales of airbags in Asia Pacific.

Airbags comprise of three crucial elements, i.e. bags, crash sensors and inflation systems. On the basis of location of airbags within the vehicle, the airbags market is segmented into frontal airbag, side airbag, centre airbag, knee airbag, and rear curtain airbag. The largest market share is occupied by the centre airbag followed by the side airbag.

Technology development, increasing consumer acceptance and lower prices are pushing airbag utilisation to almost 100% in Japan. China is the largest producer of airbags in mass quantities owing to high automotive production. Regional players often license technology or partner with large airbag suppliers in order to enhance their presence in the market. The major trends identified in the market include use of new fabric technology and decrease in cushion weight.

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Automotive airbag companies such as Denso Corporation, Takata Corporation, and Toyoda Gosei Co. Ltd. are the major players in the Asia Pacific region. Other big players in the Asia Pacific airbag market include Autoliv, Inc., Robert Bosch GmbH, Delphi Automotive PLC, Continental AG, Hyundai Mobis Co. Ltd, and Key Safety Systems, Inc. This market is highly competitive in nature and competition between the airbag module manufacturing firms is increasing. The companies are also trying to gain an advantage in terms of cost through product development that is focused on reducing the cost by reducing material content, facilitating the ease of manufacture, and logistics management.

The interesting fact is that the use of air bag technology in two-wheelers can prove to be a challenge and yet, growth opportunity for market leaders. In a cost-sensitive market like APAC, automotive original equipment manufacturers (OEM) are expected to come up with economical airbags to capture the untapped market in APAC

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Automotive Carbon Brake Rotors Market will Account for Revenues Worth US$ 11,485.9 Mn by 2032-End

The demand for automotive carbon brake rotors is estimated to grow at an moderate CAGR of 7.6% during the forecast period. The automotive carbon brake rotors market size is projected to reach US$ 5,521.3 Mn in 2022, and is estimated to reach US$ 11,485.9 Mn in 2032.

The sales of automotive carbon brake rotors are anticipated to grow as they are lightweight, heat resistant, high performing, and more durable. The most common type of automotive brake rotor used in the automotive industry is carbon, which is less likely to warp or deform and may last longer than traditional brakes. Less brake dust, greater performance in wet and dry circumstances, strong demand for racing cars, bikers, high-performance cars, and heavy trucks are additional key drivers of automotive carbon brake rotors.

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The high market penetration of major players is predicted to support the growth of the automotive carbon brake rotor market globally. However, one of the biggest challenges the market faces is fluctuating raw material prices. Advanced braking systems, when combined with other driver-assist technology, can aid slow or stop a vehicle while also ensuring overall safety.

Advanced braking systems are lighter, faster, and smarter than classic braking systems. Carbon brake rotors are used in high-performance and luxury vehicles such as Ferrari SpA, McLaren, Aston Martin Lagonda Ltd., Bentley Motors Ltd., Automobili Lamborghini SpA, Bugatti Automobiles SAS, Alfa Romeo Automobiles SpA, Porsche AG, and Corvette, driving demand for automotive carbon brake rotors.

The disadvantage of automotive carbon brake rotors is their expensive price when compared to commonly utilized standard brake rotors. Supercars and other high-performance vehicles are the main applications for automotive carbon brake rotors where cost is not a concern. These brake rotors are only utilized in high-performance and racing vehicles as they are not used in mass-produced, cost-efficient vehicles.

Key Takeaways from Automotive Carbon Brake Rotors Market

The largest share of the global automotive carbon brake rotors market is occupied by carbon ceramic matrix. Inorganic silicon carbide mixes, fibres, and resins are used to create carbon ceramic brake rotors.
By vehicle type, the global automotive carbon brake rotors market is dominated by passenger cars segment. The primary drivers of the rapid expansion in car sales and production around the world include the rise in urbanization, rising standards of living, the development of infrastructure, and the rise in average household income.
North America is the second largest region, accounting for 23% of the global automotive carbon brake rotor market. The prominence of racing events such as F1, MotoGP, and NASCAR, as well as rally sports and street racing, has created revenue streams for automotive carbon brake rotors in this region.
Europe currently holds the greatest share of the global automotive carbon brake rotors market and is predicted to maintain its lead with 31% of the market in 2022.

“Carbon brake rotor market growth is expected to be fuelled globally by strong market penetration by leading players. However, fluctuation in raw material prices is one of the market’s significant problems. – FMI Analyst

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Competition Landscape in the Automotive Carbon Brake Rotors Market

The global automotive carbon brake rotors market is fragmented, prominent companies are growing their businesses in various regions by developing new products and collaborating as preferred strategies. FMI researchers expect that vendors from the United States are likely to contribute most growth throughout the forecast period.

Companies in the automotive carbon brake rotors industry are planning efforts to increase their market share. Diversifying their product offerings, emphasising their USP statements, and introducing appealing features are some of the winning techniques.

The key players in the automotive carbon brake rotors market are Brembo SpA, Akebono Brake Industry Co. Ltd., Federal-Mogul Corporation, Aisin Seiki Co. Ltd., SGL Group, Fusion Brakes LLC, Surface Transforms, and Wilwood Engineering.

Key Segments Profiled in the Automotive Carbon Brake Rotors Market Survey

Type:

Carbon-Carbon Matrix
Carbon-Ceramic Matrix

By Vehicle Type:

Passenger Cars
Commercial Vehicles

By Region:

North America
Latin America
The Asia Pacific
MEA
Europe

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Recent Developments in the Automotive Carbon Brake Rotors Market:

In December 2019, Wilwood unveiled a new rotor and hat assembly for the Trans Am Series TA2. Assembly and installation of the Spec37 GT 48-vane rotors are simplified by the elimination of rotor bolts and floating hardware.
Sparta created the CX3.5 high carbon iron combination to help alleviate brake noise issues that are more typical in European vehicles. To reduce noise, a precise amount of carbon flakes is added to the iron used to make CX3.5.
Brembo acquired SBS Friction A/S, a Danish firm that develops and manufactures motorcycle brake pads composed of sintered and organic materials, in 2020.

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Automotive Belts Market size is Anticipated to reach US$ 20,473.5 Mn in 2032

The demand for automotive belts is estimated to grow at an average CAGR of 3.9% over the forecast period. The automotive belt market size is projected to reach US$ 20,473.5 Mn in 2032, and is estimated to reach US$ 13,902.6 Mn in 2022.

Due to the increase in demand for automotive belts seen in numerous emerging countries, the production of automobiles is continuously being fuelled globally on an annual basis. This is a major factor driving the global automotive belt market share.

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Automobile vehicle manufacturers have been compelled by the Environmental Protection Agency’s influence to develop highly effective, less polluting engines, which call for extremely accurate, long-lasting automotive belts. This reason has also driven the sales of automobile belts, as more and more automakers are choosing belts that are effective and environmentally benign.

To improve their product range and solidify their market position globally, automotive belt manufacturers are concentrating on launching new goods. As a result, the majority of the major players invest in developed nations. This is anticipated undoubtedly increase demand for automobile belts globally.

Due to rising public awareness of the strict and safety regulations put in place by various regulatory bodies throughout the world, the demand for automotive belt is predicted to expand significantly over the forecast period. Urbanization is one of the latest trends in automobile belts that is rapidly expanding, which is boosting the average income of the urban population and allowing them to improve their quality of life.

Additionally, the increased demand for passenger cars is driving up manufacturers’ output levels, which is in turn boosting the global automotive belt market size. The expense of the technologically upgraded seat belts is the major limitation on the global automotive belt market share. Additionally, the sales of automotive belts are being hampered by the high maintenance costs of technologically upgraded seat belts.

Key Takeaways from Automotive Belt Market

The three-point seat belt market category now accounts for a significant portion of vehicle seat belt sales and is predicted to rule the global industry over the coming years.
The passenger car sector is anticipated to hold the largest market share. This is explained by the rising output of passenger vehicles such SUVs, luxury, and premium models, which is expected to increase demand for active pretensioners and inflated seat belts.
The Asia Pacific market was worth USD 7.26 billion in 2019. Due to rising car production and sales in developing nations like China and India, the region is anticipated to dominate the automotive belt market throughout the forecasted period.
North America is predicted to hold the second-largest share in the automotive belt market. One of the key market trends in the region is the introduction of severe government policies aimed at passenger safety.
Europe is anticipated to hold 24.9% share of automotive belt market in 2022, and it is expected to increase further due to ETA’s rigorous pollution rules and improved fuel economy standards (European Technical Advisory Group).
According to FMI Analysis, Asia Pacific is projected to experience the fastest growth due to greater per capita earnings, brisk automobile sales, and favorable government regulations.
China is likely to have an advantage over its regional competitors due to its large domestic market and strong manufacturing base for automobile components.

“Due to the increased number of injuries and deaths in the event of an accident, vehicle safety organisations such as Euro NCAP and the NHTSA in the United States have actively promoted the adoption of automotive seat belts. This has prompted key automotive seat belt manufacturers to create technically innovative seat belts such as active seat belts, inflatable seat belts, and active pretensioners. – FMI Analyst

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Competition Landscape in the AutoMotive Belt Market

The leading competitors in the global automotive belt market are investing in R&D initiatives to drive organic growth and expand their market shares. The demand for safety systems has expanded tremendously in recent years, owing to the increasing stringency of safety laws, particularly in emerging economies. As a result, prominent firms like as ZF Friedrichshafen AG and Tokia Rika are investing in developing-country production capacity.

The key players in the automotive belt market are Gates Corporation, Midas International Corporation, Mitsuboshi Belting Ltd. Group, Helicord Transmissions Pvt. Ltd., B&B Manufacturing, The Carlstar Group LLC, Continental AG, Bearings and Power Transmission Solutions, CRP Industries Inc., BG Automotive, Hutchinson Group, Bando Chemical Industries Ltd.

Key Segments Profiled in the Automotive Belts Market Survey

By Type:

Drive Belts
Timing Belts
Single V-Belt
Multifunctional V-Belt

By Vehicle Type:

Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicles

By Sales Channel:

Original Equipment Manufacturer
Aftermarket

By Region:

North America
Latin America
The Asia Pacific
MEA
Europe

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Recent Developments in the Automotive Belt Market:

Continental AG announced the July 2019 launch of its new Powertrain factory in Wuhu, China. The investment for land and buildings is roughly EUR 28 million.
Hyundai Mobis developed a new Safety Integrated Control Module that combines two distinct electronic control modules for electronic seatbelts and airbags into a single unit, increasing the efficiency and dependability of these systems.
ZF FRIEDRICHSHAFEN AG introduced a new active control retractor seat belt system in September 2018. This system is lightweight and small in design, and it provides advanced capabilities like tightening the seatbelt in the event of a collision and vibrating the seat belt to inform the driver of potential danger.

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