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North America is expected to create total incremental opportunity of more than US$ 1500 Mnbetween 2021 and 2031. The North America barcode scanner market is expected to account for more than 30% value share by the end of 2021. The region is projected to expand at a CAGR of 6.9% over the forecast period. Sales of barcode scanners in the U.S. is estimated to be valued at US$ 1404 Mn by the end of 2021 and is expected to witness significant growth over the forecast period, exhibiting high value–high growth.

Barcode solutions are currently being used across a variety of domains due to their exponential capabilities in systematically recording information such as product count, date of manufacturing, date of supply to the retailer, and selling price. Furthermore, the emergence of e-commerce and intra-regional markets that provide specialised services to a diverse range of industries has broadened its application base.

Barcode scanners’ technological advantages and cutting-edge features are also making them popular in the healthcare industry. Medical practitioners and physicians can easily obtain information about medicines and their manufacturing dates thanks to barcode technology.

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The global barcode scanner market is estimated to be valued worth US$ 7 Bn in 2021, according to FMI. The market is expected to register robust growth on the backdrop of healthy demand from retail, e-commerce and logistics, healthcare, and manufacturing sectors.

However, camera-based reader is anticipated to see the fast adoption as these scanners are innovative and configured with advanced 2D imaging technology. Based on product type, portable/handheld scanners are expected to remain top choices of barcode scanners amongst consumers over the forecast period.

Owing to characteristics such as faster print speed and versatility, demand for portable/handheld barcode scanners is rapidly increasing in various parts of the world. Use of barcode scanners in the retail and commercial sector continues to be the highest and is expected account for a major chunk of revenue over the forecast period. Meanwhile, the healthcare industry is swiftly adopting the barcode technology as well.

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Competitive Landscape

Market players are targeting APEJ as their key sales region.  Zebra Technologies Corporation, Honeywell International Inc., DataLogics S.P.A, Cognex Corporation, OCOM Technologies, Wasp Barcode Technologies, JC Square Inc., SATO Holdings Corporation, Scandit AG and Toshiba TEC Corporation are some of leading companies profiled in the FMI report.

Amongst regions, markets in Asia Pacific excluding Japan (APEJ) and North America are expected to exhibit high growth potentials. In APEJ, China and India are projected to achieve impressive growth of their barcode scanner market. By 2017-end, the region is projected to account for a revenue share of 29.5%, which is expected to increase to 33.8% towards the end of the forecast period.

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Market segmentation

By Product Type

• Portable/Handheld
  • Rugged Scanners
  • PDA Scanners
  • Automatic Readers
  • Others
• Fixed Position
  • Stationary Scanners
  • Presentation Scanners
  •  Automatic Readers
  • Others

By End Use

• Retail & Commercial
• General Manufacturing
• Healthcare
• Logistics & Warehouse
• Commercial Aviation
• Defence
• Others

By Technology

• Pen Type Reader
• Laser Scanner
• CCD (Charge Coupled Device) Readers
• Camera Based Reader
• Omni Directional Barcode Scanner
• Smartphone Based Scanner
• RFID (Radio Frequency Identification Technology

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• MEA

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Pegged at a promising CAGR of over 6%, the growth of global variable frequency drive (VFD) market is propelled by growing emphasis on energy-efficient devices. The governments worldwide are promoting the usage of variable frequency drives on account of rising incentive from the United Nations. Asia Pacific and its developing countries account for substantial demand owing to thriving end-use industries.

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Key Takeaways of Variable Frequency Drive Market Study

• Greater environmental sentience amongst consumers continues to drive the consumption of variable frequency drives.
• Sustainable development goals and objectives set by United Nations would propel the demand for energy-efficient VFDs through 2029.
• Low voltage variant is projected to remain prominent throughout the forecast period, particularly in developing countries.
• Asia Pacific continues to be the growth epicentre of variable frequency drives market.
• North America to register stupendous growth in variable frequency drive market during the forecast period.
• Increasing population in emerging economies is surging the demand for power, thereby bolstering the regional market growth.

Asia Pacific Captures Majority Share in VFD Market; North America Presses Forward

Developing countries in Asia Pacific are giving traction to the regional variable frequency drive market. Widespread adoption of VFDs in conveyors, petrochemicals, and pumps is fuelling the regional market growth. Asia Pacific thus continues to account for leading market share. India will be a significant contributor to the growth of Asia Pacific variable frequency devices market.

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On the other hand, North America would register noteworthy CAGR during the forecast period. Greater consumer awareness, stringent regulatory requirements and rising government incentive are to be attributed for the astounding growth.

Innovation and Collaboration to Remain Chief Operational Strategy of Market Leaders

Key players profiled in this study include, but are not limited to, STMicroelectronics, Johnson Controls Inc., Emerson Industrial Automation, Schneider Electric, Hitachi Ltd., Siemens AG, Fuji Electric Co., Ltd., GE Power Conversion, and Honeywell International Inc. Collaborations among market leaders remain vital for fostering global presence.

More from Industrial Automation & Equipment :

• Power Tools Market
• India Power Tool Market
• Benelux Power Tools Market

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About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031.

According to Future Market Insights, increased demand for telecom tower power systems has resulted from the expansion of telecom infrastructure facilities to cover rural and other remote areas. Rapid technological advancements in manufacturing are also expected to supplement market growth in the near future.

Despite the COVID-19 pandemic’s recessionary effect in 2020, the telecommunications industry has remained unaffected in terms of essential service sector. With the ongoing demand for high energy efficient solutions, the growth of telecom tower power systems is expected to continue on an upward trend for the foreseeable future.

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Demand for telecom tower power systems is increasing with the rise in the volume of telecom tower networks in recent years. This can be attributed to an increase in investments and expansion of new telecom infrastructure projects in developing nations.

The growing demand for mass production has increased the importance of process automation. The market is shifting toward Industry 4.0 standards, resulting in the promotion and widespread adoption of new manufacturing technologies.

The growing number of players focusing on telecom tower power system research and development is expected to contribute to market growth in the coming years.

Key Takeaways from Telecom Tower Power System Market Study

• Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
• The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
• The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
• The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
• Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

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“The telecom tower power system market is growing at a strong pace driven largely by increasing demand for energy efficient power systems. Increasing investments in the telecommunication industry for the expansion of telecom infrastructure projects will create extensive opportunities for telecom tower power system manufacturers. Industry participants are investing in expansions, strategic alliances, and energy efficient solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Who is Winning?

The telecom tower power system market is moderately consolidated, with key players accounting for more than 55% 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 Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation PLC, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.

Telecom Tower Power System Market by Category

By Product Type:

• Outdoor Telecom Power System
• Indoor Telecom Power System

By Power Source:

• Diesel Generator
• Diesel Generator + Battery
• Renewable Energy
  • Solar
  • Wind Turbine
  • Biomass

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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

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Global UV lamps market revenue is projected to expand at a CAGR of 11.3% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in its report. The global UV lamps market is anticipated to register a double-digit CAGR during the forecast period.

Between 2022 and 2032, China is expected to grow at a 14.7% CAGR. In recent years, the country has emphasised environmental protection and industrial development. A succession of policies and regulations, such as the Energy Conservation Law of the People’s Republic of China to accelerate the development of energy-saving and safe products, as well as to protect the environment, is driving the market in China. At the same time, promotion of safety and eco-friendly products is creating high demand for ultraviolet lights in the country.

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On the basis of lamp type, the market has been segmented into UV LED and UV mercury lamp, with the latter representing nearly 90% revenue share of the global UV lamp market in 2014; FMI expects this segment to witness a decline of 27 BPS by the end of 2025.

UV mercury lamp segment is categorised into low-pressure, medium- pressure and amalgam mercury lamp. Among these, amalgam mercury lamp dominated the UV mercury lamp segment market, accounting for over 40% of the UV mercury lamp market in 2014.

On the basis of end-use application, the UV lamps market is segmented into wastewater treatment, water treatment, air treatment, surface treatment and food and beverages disinfection. Revenue contribution by the food and beverages disinfection segment was over 25.1% in 2014, which is projected to increase to 28.2% by the end of 2025, gaining 309 BPS and expanding at a CAGR of 12.5% during the forecast period.

Water treatment segment is categorised into industrial process water treatment, water treatment, commercial water treatment, residential water treatment, municipal pool and spa, and others. Municipal water treatment sub-segment accounted for the highest revenues in 2014, and this trend is expected to continue through 2025.

Air treatment is further sub-segmented into residential and commercial, healthcare facilities, and others. Among these, residential and commercial sub-segments accounted for bulk of the revenues in 2014; FMI estimates this segment to retain its dominance throughout the forecast period.

Increasing Municipal Infrastructure Investment Driving Adoption of UV Lamps

Growth of the global UV lamps market is mainly driven by increasing municipal infrastructure investment, safety measures through regulations, increasing industrial development and price performance of UV lamps compared to other conventional treatment methods.

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Asia Pacific Excluding Japan (APEJ)was dominant in the global UV lamps market with over 30% market share in 2014, followed by North America with 24.2% market share. APEJ is projected to remain the largest market for UV lamps over the forecast period, driven by increasing municipal infrastructure investment, industrial development and cost-effective solutions offered by UV lamps when compared to the other conventional treatment methods used in the region.

Some key players identified in the global UV lamps market are Trojan Technologies Inc., Xenex Disinfection Services LLC, Xylem Inc., OSRAM GmbH, Koninklijke Philips N.V., Heraeus Holding Gmbh, Calgon Carbon Corporation, Halma PLC, Severn Trent PLC, and Atlantic Ultraviolet Corporation.

Major UV lamp manufacturers in the market are currently focusing on strengthening their partnerships with major UV disinfection equipment manufacturers. In addition, UV disinfection equipment manufacturers are focusing on providing a broad and customised range of UV solutions to cater to the varying and increasing customer demands.

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Key Segments Covered in Ultra Violet (UV) Lamps Industry Analysis

By Lamp Type:

• UV Mercury Lamp
  • Low-Pressure Mercury UV Lamp
  • Medium-Pressure Mercury UV Lamp
  • Amalgam Mercury UV Lamp
• UV LEDs

By End-Use Application:

• Wastewater Treatment
• Water Treatment
  • Municipal Water Treatment
  • Residential Water Treatment
  • Commercial Water Treatment
  • Industrial Process Water Treatment (Pharmaceutical, Chemical, Others)
  • Pool and Spa
  • Others (Aquaculture and Agriculture)
• Air Treatment
  • Healthcare Facilities
  • Residential & Commercial
  • Others (Transportation)
• Surface Disinfection
• Food & Beverages Disinfection
  • Bottled Water & Other Beverages
  • Marinades & Brines
  • Surface Disinfection of Foods

By Region:

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

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 barium sulphate market is anticipated to grow to an estimated US$ 2,242.7 Mn in 2032 while exhibiting a standard CAGR of 4.9% over the forecast period of 2022 to 2032. Rising from an expected value of US$ 1,390.0 Mn in 2022, the barium sulphate market is likely to be driven by elevated demand for coatings and paintings. The demand for barium sulphate is further accelerated by the increasing application of lubricants.

An inorganic compound, barium sulphate is a white crystalline solid that is odorless and insoluble in water. It acts as a function filler and is superfine in nature while exhibiting a low absorption threshold. Owing to its inherent properties, there’s a notably high demand for barium sulphate in the pharmaceutical industry. This is due to the increasing application of polypropylene and polystyrene in pharmaceutical packaging materials. Pharmaceutical-grade barium sulphate is also used in a variety of diagnostic equipment which compounds the overall sales of barium sulphate.

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Barium sulphate is generally used in crucial industries like rubber, plastic, leather, paper, paints, and coatings. With a growing demand for non-toxic products from these industries, a rise in the sales of non-toxic barium sulphate is likely to occur. Also, there’s an overall shifting consumer inclination toward plastic items which is supposed to further bolster the sales of barium sulphate. Besides, precipitated barium is an important part of the coatings industry. Therefore, many precipitated barium manufacturers are aiming for the coatings industry. As precipitated barium is a crucial ingredient in the rubber and coatings industries, the target market is expected to grow by leaps and bounds due to the advancing coatings and rubber industries. All of these factors are driving the global barium sulphate market over the forecast period.

“Increasing demand from the paints and coatings industry coupled with rising lubricant application is expected to bolster the sales of barium sulphate over the forecast period,” says an FMI analyst. 

Key Takeaways:

• Application as a drilling fluid in the oil industry is predicted to foster positive market prospects.
• Fluctuating raw material prices may hamper the market growth over the assessment period.
• North America is projected as one of the most lucrative markets for barium sulphate.
• The barium sulphate market in Europe will account for about 13.5% of the global market share by the end of 2022.
• Asia Pacific market will likely hold nearly 10.4% of the overall market share.
• Middle East & Africa is anticipated to provide substantial growth opportunities for the target market over the forecast period.

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Competitive Landscape 

Dongfeng Chemical, ValourImpex, Shaanxi Fuhua Chemical, SachtlebenChemie, XinJiXibo, Xuri Group, ShenzhouJiaxin Chemical, and Nippon, among others, are some of the major players in the barium sulphate market that are profiled in the full version of the report.

In a highly competitive market, major players are keen on acquiring a portion of the market share by operating across several regions and at different levels. These organizations are also increasing their research and development investments.

More Insights into the Barium Sulphate Market Report

In its latest report, FMI offers an unbiased analysis of the global barium sulphate market, providing historical data from 2016 to 2021 and forecast statistics for 2021 to 2031. To understand the global market potential, growth, and capacity, the market is segmented based on type (ordinary precipitated barium sulphate, modified barium sulphate, nanometer precipitated barium sulphate, other barium sulphate types), end use (barium sulphate for coating industry, barium sulphate for pharmaceuticals industry, barium sulphate for rubber industry, barium sulphate for plastic industry, barium sulphate for other end-use industries), and region.

According to the latest FMI reports, based on region, the North American barium sulphate market is counted as the owner of the largest target market share. North America is expected to acquire nearly 29.2% of the overall market share during the forecast period. This growth is attributed to rising demand for the product from multiple industry verticals like metal, glass, ceramic industries, chemical manufacturing industries, and many others.

The barium sulphate market in Europe is likely to undergo a significant growth spurt over the assessment period. The region is predicted to account for nearly 13.5% of the global market share in 2022. Escalating industrialization and heightened demand for raw plastic will propel regional market growth. Countries like Germany and France will presumably lead the market growth over the projected period.

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Key Segments Profiled in the Barium Sulphate Industry Survey

By Type:

• Ordinary Precipitated Barium Sulfate
• Modified Barium Sulfate
• Nanometer Precipitated Barium Sulfate
• Other Barium Sulphate Types

By End Use Industry:

• Coating Industry
• Pharmaceuticals Industry
• Rubber Industry
• Plastic Industry
• Other End Use Industries

By Region:

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

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

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The global activated bleaching earth market is expected to reach a market valuation of US$ 2.46 Billion by the year 2022, accelerating with a moderate CAGR of 5% by 2022-2032. Activated bleaching earth market size is anticipated to be valued at about US$ 4 Billion by 2032 end.

The increasing use of bleaching earth relative to other absorbents in various oil processing industry processes is the primary growth driver of the activated bleaching earth market.

In the coming years, an increase in the production of edible oils and fats could fuel the growth of the activated bleaching earth industry. Future growth in the mineral oil industry is anticipated to have a beneficial effect on the demand for activated bleaching earth.

In addition, manufacturers are employing improved bleaching techniques to provide consumers with edible oils of a more dependable quality, due to users’ concerns regarding the quality of these oils. These reasons are expected to propel the expansion of the global activated bleaching earth market.

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Customers are becoming more aware of their eating habits and may be inclined to consume foods with minimal fat or oil content. This shift in habit could enhance the demand for activated bleaching earth and propel the market for bleaching earth.

Utilization and consumption of edible oils and fats are the key forces driving the activated bleaching earth market’s expansion. Adaptation to and demand for healthy eating habits with low-fat oil are further factors driving the activated bleaching earth market expansion. In addition, the rising demand for biofuel is a factor that has a favorable impact on the activated bleaching earth market.

In addition, the increasing demand for biofuel, which is derived from vegetable oil, is one of the factors driving the activated bleaching earth market, particularly in industrialized nations. In North America and Europe, the activated bleaching earth market is expected to be driven by the increasing adoption of healthy eating habits and consumption of low-fat oil.

There are various restraints and limitations that will inhibit activated bleaching earth market expansion. During the projection period, factors such as the increasing demand for bleaching alternatives such as acid-activated bleaching earth, natural bleaching earth, activated carbon, and synthetic amorphous silica compounds are anticipated to restrain growth.

In addition, the limited recovery of the edible oils after bleaching is a significant limitation on the global demand for activated bleaching earth. Nonetheless, the ongoing evolution of technologies, the expansion of the automotive sector, and the untapped potential of emerging activated bleaching earth markets present growth opportunities.

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Key Takeaways from Market Study

• Asia Pacific is predicted to experience the most increase in the activated bleaching earth market in the coming years. China is anticipated to be the major revenue contributor to the growth of the activated bleaching earth market in this region. India is anticipated to rank second to China.
• In the future years, the activated bleaching earth market is anticipated to expand significantly in Europe due to the anticipated rise in the adoption of bleaching earth techniques in countries such as the United Kingdom and Germany.
• Countries in the Middle East such as Bahrain and Egypt may experience an increase in demand for edible oils and fats, which may have a favourable effect on the activated bleaching earth market in this region.
• Asia Pacific dominated the activated bleaching earth market in 2021, accounting for almost 63.5 percent of the total revenue.
• The sector of edible oils and fats led the demand for activated bleaching earth in 2021, accounting for more than 76.5 percent of the worldwide sales.

Competitive Landscape

Multiple international businesses are engaged in mergers & acquisitions, geographical expansion, and product improvements & inventions to strengthen their activated bleaching earth market position and increase profits on the global market, which is extremely competitive. The fragmentation of the industry is expected to occur from the emergence of small-scale producers in developing economies, especially China, Malaysia, Indonesia, and India.

Due to the unpredictability in the costs and availability of raw materials, activated bleaching earth businesses struggle to reach optimal production levels while efficiently allocating resources. The majority of players locate their manufacturing facilities close to the bentonite extraction facility, ensuring a consistent supply of raw materials.

The global demand for activated bleaching earth is fragmented. Ashapura Perfoclay Limited (APL), Global Bleach Chem Pvt. Ltd, Oil-Dri Corporation of America, Taiko Group of Firms, and The W Clay Industries Sdn. Bhd. are among the market’s leading companies.

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Activated Bleaching Earth Market by Segmentation

By Application:

• Edible Oil & Fats
• Mineral Oil & Lubricants
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

About Future Market Insights (FMI)

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

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The global market for bonded abrasives is anticipated to grow at a consistent CAGR of roughly 5% between 2022 and 2032. An abrasive is a substance that, when applied to a surface, generates the surface polish and shape needed. Abrasives are often minerals that come in a variety of forms, sizes, and kinds.

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

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

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Impact of COVID-19 on Bonded Abrasives Market

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

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

Important Questions Answered in the Bonded Abrasives Market Report

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

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Bonded Abrasives Market: Key Segmentation

By Type

• Vitrified Bonds
• Rubber Bonds
• Resin Bonds
• Others

By End User

• Automotive
• Marine
• Aerospace
• Construction
• Metal Working
• Others

By Application

• Polishing
• Grinding
• Cutting
• Others

Bonded Abrasives Market: Competitive Evaluation

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

• 3M
• Marrose Abrasives
• Saint-Gobain
• SAK ABRASIVES LIMITED
• Carborundum Universal Limited

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

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Why Buy FMI’s Report?

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

About Future Market Insights (FMI)

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

Contact:

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A recent report by Future Market Insights (FMI) states that global sales of wood charcoal market will value around US$ 20,536.1 Mn in 2021. Substantial demand will come from residential sector, especially in developing regions of Asia Pacific, Africa and South America wherein over 2 billion people rely on wood energy for cooking and heating purposes. The study further reveals that cooking and heating in private households make up for about a third of worldwide renewable energy consumption

While emergence of alternative energy sources is hampering market growth, demand from chemical industry for production of chemicals – carbon disulfide, sodium cyanide, and carbon tetrachloride – is reflecting remunerative opportunities.

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Key Highlights

• Charcoal lumps continue to generate greater revenue through 2030
• Fuel feedstock to remain primary application area of wood charcoal
• Adoption of wood charcoal in residential sector to remain over decade ahead
• Hardwood to account for leading revenue share, tentative to 80%
• Markets in Latin America and South Asia to offer potential growth avenues

“Food prepared from barbeque charcoal (BBQ) grills offer various benefits such as less oil usage, nutritionally rich food, and low fat. As consumers are following stay-at-home orders, at-home consumption is surging and consumers are showing greater interest for indoor grilling. The trend is well-established in developed regions, in particular,” says analyst at FMI.

COVID-19 Impact on Wood Charcoal Market

While the global wood charcoal market has been facing significant brunt of the COVID-19 pandemic in Q1 and Q2 of 2020 due to trade restrictions, lockdowns, and travels bans, resulting in subsequent drop in demand from several end-use industries such as chemicals, metal and metallurgy, and water treatment plants.

That being said, gradual easing of pandemic-induced restrictions across continents are setting high hopes for wood charcoal manufacturers as these end-use industries are getting back on track.

While the global chemical production declined in every category through Q1 2020, production eventually showed positive signs during Q2 2020, despite negative growth in some categories.

Moving ahead, as the COVID-19 pandemic continues to rage across the globe, governments and organizations are laying greater emphasis on treating wastewater as essential public service to minimize potential impacts on health and surroundings. This, in turn, will further accent the need for wood charcoal wastewater treatment plants.

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Wood Charcoal Market – Competitive Intelligence

The global wood charcoal market is highly competitive, with presence of several players competing with each other to capture bigger revenue share. Majority of leading players are allocating huge investments in R&D to roll out innovative offerings that help step up production efficacy and thus improve their regional presence. Case in point,

• Greencoal Namibia CC produces pure hardwood lump charcoal made from 100% natural Blackthorn wood. The charcoal offers enhanced lighting characteristics, reduced ash production, and amazing hardwood aroma.
• Kingsford Products Company develops professional briquettes made with 100% natural ingredients and premium wood char to assure professional-quality results. These briquettes offer better burn and feature low ash formula.
• Royal Oak Enterprises manufactures pure natural hardwood charcoal briquettes derived from wood, vegetable starch, and contain no additional substances.

Wood Charcoal Market – Key Segment

Wood Type

• Softwood
• Hardwood

Product Type

• Charcoal Lump
• Charcoal Briquettes
• Charcoal Powder

Application

• Fuel Feedstock
• Reducing Agent
• Filtration Agent & Gas Masking
• Decolorizing Agent
• Gas Masking
• Sketches & Paints
• Soil Conditioning
• Gunpowder
• Others

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To Know More About Wood Charcoal Market:

A new market research report published by Future Market Insights (FMI) on the global wood charcoal market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2022-2030. The report examines the wood charcoal market through five different segments – product type, wood type, end use, application and region. The wood charcoal market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of wood charcoal and product adoption across several end-use industries.

About Future Market Insights (FMI)

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

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Future Market Insights upcoming report on global Industrial Safety Mats Market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Industrial Safety Mats Market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the Market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2021 and beyond.

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

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To receive the detailed insights about the Industrial Safety Mats Market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Industrial Safety Mats Market has picked up the pace.

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

Key Questions Answered in the Report

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

Industrial Safety Mats Market: Segmentation

Detailed analysis on the geographical region and country wise insights are offered in the latest Industrial Safety Mats Market report with established Market players as well as incumbents in the region.

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On the basis of product type, the global industrial safety mats market can be segmented into the following:

• Laminated Industrial Safety Mats
• Insulated Industrial Safety Mats
• Shock Absorbing Industrial Safety Mats
• High Temperature Industrial Safety Mats
• Runner & Liner Industrial Safety Mats
• Dust Control Industrial Safety Mats
• Tile Interlocking & Other Industrial Safety Mats

On the basis of color code (OSHA compliance), the global industrial safety mats market can be segmented into the following:

• Red
• Orange
• Yellow
• White
• Green
• Hazard Stripe
• Blue
• Yellow/Black Contrast Stripe
• White/Black Contrast Stripe

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

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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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Transportation composites’ compatibility with the broader objectives of the automotive industry, notably sustainability and weight reduction, will drive sustained adoption, according to a new report by Future Market Insights (FMI).

The report offers a 10-year outlook on the transportation composites market, offering analysis across key segments in 20+ countries.

According to the study, consistent innovation and research into technologies that help meet legislated emission targets are becoming the elixir for manufacturers of transportation composites. Moreover, as customers are become more environmentally conscious, reuse and recycling is gaining traction – a development that augurs well for transportation composite manufacturers.

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In a bid to fulfil emissions targets and improve the sustainability of future automobiles, mass reduction of automobiles (lightweighting) is increasingly emerging as major challenge for automotive manufacturers.

Lightweight vehicles help achieve improved fuel efficiency as well as offer better braking, acceleration, and handling.

As these trends propelling the current surge will sustain, transportation composite manufacturers are focusing on distinctive capabilities and continue to explore opportunities to better serve customers and make material progress.

Transportation Composites Market Size Study

• Demand for lightweight components to drive market growth
• Glass fiber transportation composites remain preferable owing to their superior properties such as high strength and durability
• Thermosetting composites stay in-demand through 2030, given their umpteen strength that makes them ideal for high-temperature conditions
• Market players continue to reap substantial gains from Asia Pacific (APAC) over the following decade

“Over 100 models in automotive industry currently leverage carbon fiber reinforced plastic (CRFP) for OEM components. The OEMs are banking on transportation composites to curb vehicle emissions, decrease vehicle weight, and thus, enhance fuel efficacy,” says analyst at FMI.

COVID-19 Impact on Transportation Composites Market

The transportation composites market is heavily dependent on the automotive production and sales across the world. Sudden shutdowns of manufacturing units in China and its ripple effect, resulting in large-scale havoc among global automotive manufacturers, have been felt subsequently in the US, Europe, South America, and India. Moreover, majority of prominent global automakers import 30-60% of their components from China such as sub-assemblies, and modules.

As several automotive OEMs and distributors have offshored their production activities to low-cost regions, they are currently scrambling to set up shorter or localized regional supply chains.

Moving ahead, nationwide lockdowns in worst-affected countries have impacted the transportation composites market at multiple fronts including, financially drained SMEs, disturbed supply chains, and dampened sales in Q1 of 2020. Moreover, the effects have spilled over into Q2, with incomplete order deliveries due to ongoing production downturns.

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Transportation Composites Market – Competitive Intelligence

The global transportation composites market is moderately fragmented, with presence of leading players exhibiting expertise in advanced manufacturing techniques. In a bid to sustain their revenue pool in the global marketplace over long run, market players are focusing on conspicuous investments in innovation and diversification.

• Toray Industries develops carbon fiber transportation composites derived from polyacrylonitrile (PAN). These composites, in various forms, are used in automotive and several other use cases
• Solvay S.A. produces an entire range of thermoplastic transportation composites – Evolite™ – for demanding applications. These products contain polyphthalamide (PPA) and polyphenylene sulfide (PPS)

Key Segment

Material Type

• Glass Fiber
• Natural Fiber
• Carbon Fiber Composite
• Aramid Fiber

Resin

• Thermoset
• Thermoplastic

Application

• Interior
• Exterior
• Underbody
• Chassis
• Powertrain
• Engine Components

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Want To Know More About Transportation Composites Market?

A new market research report published by Future Market Insights (FMI) on the global transportation composites market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the transportation composites market through five different segments – material type, resin, application, vehicle type, and region. The transportation composites market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of transportation composites and product adoption across several end-use industries.

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com