Asphalt Mixing Plants Market In APAC Region Captured Nearly 43% Share | Exclusive Report by Future Market Insights, Inc.

The global asphalt mixing plants market is anticipated to garner US$ 8.5 Billion while expanding at a CAGR of 2.4% during the forecast period. The market is estimated at US$ 6.5 Billion in 2021 and US$ 6.66 Billion in 2022. The increasing road construction activities coupled with growing infrastructural development in countries are likely to propel industry growth.

Increasing asphalt production across the globe is a prime factor that will drive market demand. Countries, including India, Vietnam, and the Philippines, will be investing heavily in road construction & improvements in the coming decades to enhance their ranking.

Over the past few years, tremendous growth in urban centers was witnessed as people moved from the countryside to cities to live and work. Increased disposable incomes will drive up private vehicle ownership, placing greater demands on roads and eventually augmenting road construction projects, particularly in China and India. Portable product type to gain the majority share owing to the increasing necessity for cost-effective and easily transportable construction equipment.

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Key Takeaways:

  • By Product type, the portable product segment of the Asphalt Mixing Plants segment expanded at a ~2% CAGR
  • Based on Application, the road construction segment of Asphalt Mixing Plants is estimated to record an ~2% CAGR
  • APAC region is likely to account for the majority share of nearly 3% during the forecast period
  • Europe region is estimated to gain significant traction in the market for Asphalt Mixing Plants, Germany is likely to hold the majority share.

“Constructers have been investing a lot of time and money in fostering new asphalt plant solutions to cater to important industry requirements, thus in turn, to fuel the market growth of asphalt mixing plants”.

Competitive Landscape

Key players in the global Asphalt Mixing Plants market include Speco Limited, Nikko Co. Ltd., Ammann Group Holding AG, GP Gunter Papenburg AG, Lintec & Linnhoff Germany GmbH., among others. Recent key developments among players are:

  • In Aug 2022, Construction Partners, Inc. ROAD (the Company), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, announced the acquisition of Southern Asphalt, Inc., headquartered in Conway, South Carolina. As a result of the acquisition, the Company added two hot-mix asphalt plants and more than 200 employees in the Myrtle Beach, South Carolina metro area.
  • In Aug 2021, Berkshire Engineering Supplies (BES) and R&G Cooper (RGC) joined forces to create Bulldog Plant & Equipment Ltd, which is said to be the only business of its kind in Britain and is set to become the number one provider of large-scale production plants in the construction materials, engineering, and energy sectors.
  • In March 2022, Astec Industriesagreed to acquire MINDS Automation Group (MINDS). The firm is a leader in plant automation control systems and cloud-based data management in the asphalt industry.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Asphalt Mixing Plants market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Asphalt Mixing Plants Market by Process (Batch, Continuous) by Product (Portable, Stationary) by Application (Road Construction, Others) by Capacity (Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H) & Region (North America, Europe, East Asia, South Asia, Oceania and Middle East & Africa, and Latin America)

About the Industrial Goods & Automotive Division at Future Market Insights

The Industrial goods and Automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 40+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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Globally Direct Drive Wind Turbine Market Size Is Anticipated To Be Valued At US$ 18.3 Billion In 2032 | Discover More Insights From FMI

The global direct drive wind turbine market is expected to be worth US$ 18.3 billion in 2032, with a CAGR of 16.2 % from 2022 to 2032. It is expected to exceed $14.6 billion by 2022. The urgent need to reduce noise, improve surge efficiency, and generate more torque with lower RPM is expected to boost direct drive wind turbine sales during the assessment period.

A few of the factors driving the growth of the Direct Drive Wind Turbine market in the industrial automation industry are the rising use of machines, the demand for high-quality products across various industries, and the integration of smart devices into the machinery. Automation is being used by businesses to boost productivity and cut labour costs. FMI offers thorough industry insights to help market participants develop their long-term strategies and keep their competitive edge.

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The high demand for energy across the globe is a significant factor that is anticipated to propel the direct drive wind turbines market share in the forthcoming years. The rapid industrialization, favorable regulations on energy efficiency, and high share of renewables in the power generation sector are likely to augment the market.

According to the FMI’s report, the Direct Drive Wind Turbine market is projected to record a CAGR of 16.2% over the forecast period. To receive the detailed insights about the Direct Drive Wind Turbine 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.

The global market is moderately fragmented backed by the presence of various small- and large-scale companies. Majority of the leading companies are aiming to attract more customers by participating in mergers and acquisitions with start-up companies. A few other players are focusing on introducing innovative products to expand their existing product portfolios and compete with their rivals.

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Market Competition:

  • ReGen Powertech Pvt. Ltd.
  • ABB Ltd.
  • Northern Power System
  • Goldwind Science & Technology Co. Ltd.
  • Siemens Gamesa Renewable Energy SA
  • M. Torres Olvega Industrial
  • Emergya Wind Technologies B.V.
  • Rockwell Automation Inc.
  • Enercon GmbH
  • Avantis Energy Group
  • Bachmann electronic GmbH

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Key Segments Profiled in the Drive Wind Turbine Industry Survey

By Capacity:

  • Less than 1MW
  • 1MW to 3MW
  • More than 3MW

By Technology:

  • Permanent Magnet Synchronous Generator
  • Electrically Excited Synchronous Generator

By Application:

  • Offshore
  • Onshore

By Region:

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

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Food Sorting Machines Market Set to Witness an Uptick Size US$ 2 billion to 2032: Future Market Insights, Inc.

The global food sorting machines market is expected to exceed US$ 1.5 billion by 2022. Surging demand for packaged food products globally is expected to boost sales at a 5% CAGR over the assessment period, with the market size approaching US$ 2 billion by 2032.

With a growing global population and increasing pressure on the food industry to meet customer demands, food sorting machines are becoming more popular. During the forecast period, the global food sorting machines market is expected to expand at a promising CAGR.

Optical sorting improves product quality, increases yields, and increases throughput while lowering labour costs.

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Its highly adopted in the processing of harvested foods such as fruits, potatoes, vegetables and nuts where it achieves non-destructive,100% inspection on full production volume. Since manual sorting is subjective and inconsistent, it is not preferred. One of the solutions to this dilemma is increased efficiency and waste reduction in the food supply chain. Food sorting machines offer an increase in efficiency by selectively filtering out the undesired materials from the main food. Worldwide optical sorters are being used in the food industry.

Food Sorting Machines Market: Drivers & Restraints

Growing population, rising urbanization, growing technological awareness, industrialization of emerging economies and increasing per capita income are some of the key factors driving the growth of the food sorting machines market.

Environmental Protection Agency regulations on the disposal of food waste, changing consumption patterns and smaller households are a few of the probable factors restraining the growth of the food sorting machines market.

Food Sorting Machines Market: Key Players

Some of the key market participants in the global food sorting machines market are Tomra Systems ASA, Sesotec GmbH, Buhler AG, Key Technology, BarcoVision, and Satake USA Inc.

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 categories such as market segments, geographies, types and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an 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.

Global interest is increasing towards the quality of food consumed along with the stringent legislation on product quality and operating procedures. In the food industry, the product specification is extremely important and is one of those areas where new developments are crossing the boundaries. The food industry is under immense pressure of meeting the demands of the growing world population.

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Key Segments Profiled in the Food Sorting Machines Industry Survey

Product Type:

  • Channel Sorters
  • Freefall Sorters
  • Belt Sorters
  • ADR Systems

Technology:

  • Laser
  • Camera
  • LED
  • X-ray

Region:

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

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Wedge Wire Screen Market Is Estimated To Grow At A CAGR Of 4% From 2022 To 2032 – FMI

The global Wedge Wire Screen market was worth US$ 0.68 billion in 2021 and is expected to grow at a CAGR of 4% to reach US$ 0.71 billion in 2022. The wedge wire screen market is expected to grow in the approaching years because to its high strength, rigidity, and weight carrying capacity.

The whole structure is then compressed and made safe by installing ring nuts over the ends of rod. Wedge Wire Screens are capable of separating solids from liquids and are commonly used for sizing, filtering, retaining media, de-watering, distribution and collection.

Wedge wire screens are mainly used in chemical, mining, gas & oil and paper industries. Wedge wire screens provide larger drainage area, thereby creating better flow of water and are comparatively strong & durable. They are usually manufactured from stainless steel and primarily used for separation, filtration and retention media in end-use sectors.

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Wedge Wire Screens can be made in various different configurations and are available in cylindrical, flat or curved shapes. The wires can be located axially inside the cylinder. The dimension of the cylinders can vary from 1/2″ – 36″, depending on the needs of the individual customer. Customized wedge wire screens with large diameters can also be manufactured for individual needs.

Wedge Wire Screen Market: Dynamics

Increase in demand from end-user sectors, such as petro chemicals, food industries and water treatment, will drive the demand for wedge wire screens during the forecast period.

Moreover, wedge wire screens act as a perfect tool for drilling boreholes. These screens can handle all kinds of pressure and facilitate easy flow of liquids. Also, different industries have different requirements for panel screens.

Therefore, all of these factors will drive the demand for wedge wire screens during the forecast period.

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Wedge Wire Screen Market: Market Participants

Examples of some of the market participants/vendors identified across the value chain of the Wedge Wire Screen market are AMACS, Ando Screen, ANDRITZ Euroslot, Aqseptence Group, Atlas Wedge Wire, B. Deo-Volente, Carbis Filtration, Concord Screen, Costacurta S.p.A., CP Screens, Gap Technology, HEIN, LEHMANN, Hendrick Screen Company, International Screen Supplies, Jagtap Engineering, Multotec, Optima International, Progress Eco, Steinhaus GmbH, TOYO SCREEN KOGYO CO, Trislot NV and Wedge Tech.

The Hydrodesulfurization Catalyst market 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.

Wedge Wire Screen Market: Segmentation

On the basis of type, the market can be segmented into:

  • Baskets wedge wire screens
  • Flat wedge wire screens
  • Sieve Bend Screen wedge wire screens
  • Cylinder wedge wire screens

On the basis of application, the market can be segmented into:

  • Food & Beverages wedge wire screen
  • Chemical and Petroleum
  • Water Treatment
  • Pulp and Paper
  • Mining and Mineral
  • Others

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Air Sampling Pump Market to reach a valuation of USD 68.27 Million by 2032| Future Market Insights Inc

The air sampling pump market is predicted to grow at a 3.79 percent CAGR from 2022 to 2032, rising from US$ 47.06 Million in 2022 to a valuation of US$ 68.27 Million by 2032. Airborne hazards caused by fibres, gases, vapours, and dusts can lead to potentially fatal illnesses that affect the kidneys, lungs, and liver. Air sampling is a widely adopted method designed to monitor workers’ exposure to potential airborne workplace threats.

Air sampling has penetrated as a vital approach in almost every industry, ranging from chemical vapour exposure in a factory to flour dust exposure in a bakery in recent years.

Air sampling is performed to ensure that environmental or workplace air is complying with the regulatory standards, and is highly leveraged to aid Occupational Hygiene and Health & Safety professionals in assessing employee exposure to various airborne hazards.

These factors have further driven the demand for air sampling equipment across industries to ensure a safe and healthy workplace.

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Air Sampling Equipment Market – Competitive Landscape

  • In January 2019, Restek launched radiello passive, diffusive air sampling badge for VOCs (Volatile Organic Compounds). Versatile radiello passive diffusive air samplers encompass a unique 3D radial design that provides various performance advancements over the traditionally used 2D flat axial air sampling equipment.
  • In July 2018, the air sampling, noise & vibration monitoring specialist, Casella introduced the Flow Detective air sampling pump calibrator. Flow Detective is a novel air sampling equipment that can measure pulsation, with a 70-hour battery life, which is double the duration of other products available in the market.

Air Sampling Equipment Market DynamicsGrowing Concerns about Health & Safety in Workplace Prompting Deployment of Air Sampling Equipment

Burgeoning concerns pertaining to worker health and safety at the workplace have prompted industries to take proper measures to ensure a healthy work environment for their employees.Industries, such a chemical and bakery, are increasingly deploying air sampling equipment to ensure their workplace air comply with the regulatory standards.

As air sampling equipment consistently measures the concentration of airborne contaminants, industries can limit workers’ exposure to contaminated air, thereby helping to prevent chronic respiratory diseases, including asthma, and occupational cancers.

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Stringent Air Pollution Regulations Driving Sales of Air Sampling Equipment

Surging air pollution regulations are bringing significant traction to the air sampling equipment market. For instance regulatory authorities, including the OSHA in the USA and HSE in the UK have imposed limits on the exposure of several substances deemed hazardous for the health of workers.

Workplace Exposure Limits (WELs) by HSE are defined as the maximum concentration of a hazardous airborne substance that a worker could be exposed to over a defined period such as an 8-hour shift. WELs are applicable to anybody working within an environment where hazardous substances are present. Consequently, industries are investing in air sampling equipment and air monitoring systems in a bid to provide safe and health workplace environment. Such growing regulation are driving the growth in air sampling equipment market.

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The air sampling equipment 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 air sampling equipment market attractiveness as per segments. The report also maps the qualitative impact of various market factors on air sampling equipment market segments and geographies.

Air Sampling Equipment Market 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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Air Sampling Equipment Market Segmentation Based on product, the air sampling equipment market is segmented into:

  • High Volume Air Sampler
  • Low Volume Air Sampler
  • Others

Based on end users/application, the air sampling equipment market is segmented into:

  • Commercial Use
  • Industrial Use
  • Research
  • Public Services
  • Others

The research report presents a comprehensive assessment of the air sampling equipment market and contains thoughtful insights, facts, and 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 air sampling equipment market segments such as geographies, application and industry.

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Electric Fireplace Market demand Size Predictions : USD 3.2 Billion by 2032

The global electric fireplace market demand is expected to be worth US$ 2.18 billion in 2021, with a 1.4 percent year-on-year growth. Between 2022 and 2032, the market is expected to grow at a CAGR of 3.7 percent, from USD 2.21 billion in 2022 to USD 3.2 billion in 2032. In 2020, the global market grew by 2%, compared to the 2% average year-on-year growth from 2017 to 2019.

In the winter, a room or workspace in both residential and commercial buildings may be heated by an electric fireplace. Electric fireplaces are growing in popularity since they use less energy and produce more efficiently.

This is a result of both a lack of product awareness in the area and the pollution that conventional fireplaces produce. In addition, the Middle East and Africa market is anticipated to increase slowly over the coming years.

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Global Electric Fireplace

Market: Market Participants

The global market for electric fireplaces is consolidated and is highly dominated by top players in the market. Some of the leading players involved in the manufacturing and sales of the electric fireplace across the global market are:

  • Twin-Star Home (ClassicFlame®)
  • Real Flame
  • Dimplex North America
  • Amantii Electric Fireplaces
  • Napoleon Fireplaces
  • Duraflame, Inc.
  • Muskoka Electric Fireplaces
  • Modern Flames
  • Sierra Flames
  • Woodbridge Fireplace Inc.
  • Montigo
  • Heatilator
  • Alaskan Fireplace Company
  • OER Fireplaces

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

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Global Electric Fireplace Market: Segmentation

The global electric fireplace market can be segmented based on electric fireplace type, electric fireplace size, application & region.

Based on electric fireplace type, the global electric fireplace market is segmented as:

  • Stove
  • Insert
  • Table-Top
  • Wall-Mounted
  • Freestanding

Based on electric fireplace size, the global electric fireplace market is segmented as:

  • Small (Up to 35″)
  • Medium (36″ – 42″)
  • Large (43″ – 48″)
  • Extra Large (49″ & Above)

Based on application, the global electric fireplace market is segmented as:

  • Residential
  • Commercial

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Cryogenic Systems Market Set to Witness an Uptick Size USD 25.5 Bn to 2032: Future Market Insights, Inc.

The global Cryogenic Systems market is valued at US$ 12.9 Bn in 2021 and is expected to reach US$ 25.5 Bn by 2032, expanding at a CAGR of 6.5% between 2022 and 2032. According to Future Market Insights, market research and competitive intelligence provider, global Cryogenic Systems consumption has increased at a CAGR of roughly 5.1% between 2017 and 2021.

The increased demand for Cryogenic Systems across a wide range of industries, including electronics, healthcare, and power generation, has resulted in a rapid growth rate in the Cryogenic Systems market. Furthermore, due to rising LNG production and strong demand for gases in the healthcare sector, the use of cryogenic systems is expected to increase in the coming years.

The growing demand for cryogenic gases for medical applications will drive market expansion in the coming years. Oxygen gas, for example, is in high demand in the medical business owing to the diagnosis of respiratory illnesses. Growing medical infrastructure and extensive application across a variety of sectors are projected to drive market growth in the next years.

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Key Takeaways from Market Study

  • Cryogenic Systems market is estimated to reach a valuation of US$ 13.6 Bn in 2022
  • The market is projected to grow at a CAGR of 6.5% during 2022 – 2032
  • LNG being the highest revenue-generating cryogen, is expected to register a market growth of 7.8%
  • Cryogenic Systems revenue through Energy and Power is projected to expand at a CAGR of 5.7% during the period of projection
  • The U.S. is expected to account for nearly 30% of the global Cryogenic Systems demand by 2032

Industries such as aircraft, transportation, and railroads have a high demand for Cryogenic Systems, and this trend is expected to continue in the coming years. Improvements in Cryogenic Systems insulation methods are actively contributing to market growth.

Several governments throughout the world have planned to phase out coal-based electricity by 2020 in order to reduce greenhouse gas emissions. For the reasons stated above, several nations have begun to reduce their reliance on coal and increase their use on natural gas for energy and power generation. Liquefied natural gas (LNG), which contains various segments of Cryogenic Systems such as tanks, is more pleasant to transport and is expected to boost the market throughout the projection period.

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Market Segments Covered in Cryogenic Systems Market Analysis

By Cryogen:

  • Nitrogen
  • Oxygen
  • Argon
  • LNG
  • Other Cryogen

By End Use:

  • Energy & Power
  • Chemicals
  • Metallurgy
  • Electronics
  • Shipping
  • Other End-Use

By Region:

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

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Residential & Commercial Smart Glass Market to Hit US$ 14 Bn by 2028

Residential and commercial smart glass market worth approximately US$ 15 billion will be sold by the end of 2028. Up from the market value attained in 2018, the global sales of residential and commercial smart glass are estimated to observe a substantial CAGR of over 15% during 2018-2028.

According to a new market study of Future Market Insights, the demand for residential and commercial smart glass will remain on a constant high over the coming years. The global residential and commercial smart glass market is currently receiving strong demand from the commercial sector. However, it is more likely that the demand for smart glass will gather momentum in the residential sector, in the near future. The report attributes this demand growth to increasing initial interest of buyers in residential and commercial smart glass, particularly for bungalows and luxury apartments.

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Energy Control & Other Clean Technology Initiatives to Boost Residential & Commercial Smart Glass Market Growth

Various initiatives for the clean technology and mostly related to energy conservation and sustainable use of energy is driving the customers to use different products which would serve the purpose. Also, these initiatives are compelling manufacturers of residential and commercial smart glass to invest heavily in the development of versatile products compatible for efficient energy consumption, besides basic functionalities of smart glass.

On the other side, residential and commercial smart glass solutions incur heavy initial expenditure that includes procurement as well as installation expenses. High procurement and maintenance expenses will remain longstanding challenges associated with the revenue growth of residential and commercial smart glass market. Moreover, though most residential and commercial smart glass solutions are dirt-proof and demand occasional cleaning, regular maintenance is required to keep these integrated technologies bug-proof, which further demands expensive regular maintenance. This is projected to have a restraining impact on the overall adoption rate of residential and commercial smart glass solutions.

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Global Residential and Commercial Smart Glass Market Forecast

As far as the residential and commercial smart glass market is observed for indoor conference room, office privacy protection, shower room and product projection application, switchable PDLC (Polymer dispersed liquid crystals) residential and commercial smart glass are used the most.

By region, North America is anticipated to dominate the global residential and commercial smart glass market over the forecast period. North America residential and commercial smart glass market, is expected to be followed by Europe residential and commercial smart glass due to the high percentage of luxurious homes and other commercial building in the region.

In terms of growth rate SEA & others of APAC has the highest CAGR in the residential and commercial smart glass market, followed by China and Latin America residential and commercial smart glass market, which also have a good growth rate compared to the other regions in the market.

The market for the residential and commercial smart glass market is segmented on the basis of end-user, technology type and regions. The end–user segment in the residential and commercial smart glass market is further divided into residential and commercial segments. The residential segment is then further divided into smart windows & doors, smart glass partitions, smart shower glass, and smart glass walls. The commercial sector is further segmented into commercial buildings, architectural use, automobiles, aircraft, marine, consumer electronics and others.

As per the technology type segment the residential and commercial smart glass market is segmented into Electrochromic, Thermochromic, Photochromic, Suspended Particle Device, and Liquid Crystal. The residential and commercial smart glass market is also divided as per building type in the residential segment.

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Residential and Commercial Smart Glass Market: Segmentation

On the basis of end user, the global residential and commercial smart glass market has been segmented into:

  • Residential
  • Commercial

On the basis of technology type, the global residential and commercial smart glass market has been segmented into:

  • Electrochromic
  • Thermochromic
  • Photochromic
  • Suspended Particle Device
  • Liquid Crystal

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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Non PVC Plasticizers Market will Record a Sluggish 3.5% CAGR through 2026

Worldwide demand for non-PVC plasticizers is witnessing a sheer proliferation in line with rising end-user inclination for cost-effective & reliable additives. The non-PVC plasticizers market is estimated to witness sales growing at a CAGR of over 3.5% through 2026, as per the latest research study by Future Market Insights (FMI).

According to the FMI report, non-PVC plasticizers sales remain highly influenced by a cohort of factors, ranging from burgeoning investments in healthcare arena to rising demand for advanced solutions across multiple end-use verticals. Among all product types in the non-PVC plasticizers market, end-users will shift their preferences for benzoate plasticizers during the forecast period. This buoyancy can be attributed to ability of benzoate plasticizers to offer expanded performance utility over any other product types.

As per the FMI research study, demand for non-PVC plasticizers will witness exponential growth in manufacturing of medical products by 2026. Plasticizers will continue to be highly sought-after in order to attain the appropriate level of flexibility and softness. Some of the products in the medical products space, including bags, gloves, and tubing, are likely to register substantial demand for Non-PVC Plasticizers in the forthcoming years. While the demand of non-PVC plasticizers for medical products is estimated to witness 1.4X growth, tubing is likely to create notable incremental $ opportunity by 2026 end.

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Similar to cases of all medical devices, medical equipment with plasticizers is subjected to uncompromising pre- as well as post-market evaluation processes for ensuring safety & performance, unveils the FMI report. In response to the aforementioned, manufacturers in the non-PVC plasticizers market are making their products undergo rigorous examination, with an objective of boosting end-user confidence and repeating sales.

As per the FMI analysis, China is likely to flourish and capture a significant position, both in value and volume projections, in the global non-PVC plasticizers market for application market in 2019 and the status quo is unlikely to change during the assessment period. Rapid growth in the pharmaceutical, healthcare, and personal care spaces are among the prime factors favouring growth of non-PVC plasticizers market.

However, ambiguities over use of plasticizers will continue to dent end-user confidence, thereby challenging growth of non-PVC plasticizers market. Phthalates, holding nearly 57% share in the overall non-PVC plasticizers market, remain one of the widely-used ones across multiple applications. Though Phthalates offer multiple advantages, they do carry the risk of various adversities with respect to health and environment. In line with this, stringent and uncompromising regulations would restrict the use of non-PVC plasticizers, deterring growth of non-PVC plasticizers by a certain extent.

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According to the FMI analysis, leading manufacturers operating in global non-PVC plasticizers market are focusing on commercialization of products that comply with international certifications and regulations- a key to consolidation in the global market space. In addition, the key manufacturers are also vying to expand customer bases across key countries of Asia Pacific, a region with promising in terms of sales of non-PVC plasticizers. The participants of the non-PVC plasticizers market also remain involved in differential business models and strategies, such as strategic mergers and acquisitions, with an objective of amplifying their reach and cementing their position across multiple regions.

The report features some of the leading manufacturing companies operating in non-PVC plasticizers market, such as Exxon Mobil Corporation, LG Chem Ltd., BASF SE, Evonik Industries AG, Nan Ya Plastics Corporation, Eastman Chemical Company, Arkema Group, UPC Group, Hanwha Chemical Co., Ltd., Ferro Corporation, and others.

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Key Segments

By Product type

  • Phthalates
  • Trimellitates
  • Tetrapthaletes
  • Aliphatic
  • Cyclohexanoates
  • Benzoates

By Application

  • Paints & Coating
  • Rubber Products
  • Adhesive & Sealant
  • Personal Care Product
  • Medical Products
  • Household Products

By Region

  •  North America
  • Latin America
  • China
  • Japan
  • Europe
  • MEA
  • SEA and Other APAC

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Global Truck Mounted Crane Market (2022 to 2032) – by Product Type, Drive, Lifting Capacity, End User & Region

The global truck mounted cranes market is expected to reach US$ 2,420.0 Mn in 2022, growing at a CAGR of 4.5% from 2022 to 2032, according to Future Market Insights. It is likely to be valued at US$ 3,769.7 Mn in 2032.

Truck-mounted cranes play a significant role in the construction, infrastructure, mining, and automotive industries. The demand for novel equipment in the construction industry is being driven up by rising economic and infrastructure growth as industries use these cranes for loading, lifting materials, building plants, and transportation of large objects.

The shift in consumer preferences toward equipment with better safety and visibility features, rising government investments, the expansion plans of key players, new infrastructure projects, as well as an increase in demand from the logistics and warehousing sector will all benefit the global market during the forecast period.

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Key Takeaways: Truck Mounted Cranes Market

  • By product type, the stiff boom segment is projected to grow at a CAGR of 2% in the forecast period.
  • In terms of drive, the hydraulic category is anticipated to account for more than 65% of the global market share.
  • Based on lifting capacity, the 30 to 50-ton truck mounted cranes segment is projected to grow at a CAGR of 1% from 2022 to 2032.
  • The above 50 tons’ segment is likely to grow at a CAGR of 3% in the assessment period.
  • The South Asia & Pacific truck mounted cranes market is projected to expand at 7% in the evaluation period.

“Demand for truck mounted cranes is mainly influenced by rapid expansion of the automotive, construction, logistics, and warehousing sectors. Besides, rising government investments in the construction of transportation and industrial infrastructure worldwide is estimated to drive growth,” says a Future Market Insights analyst.

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Competitive Landscape

The global truck mounted cranes market is moderately consolidated. Market players are attempting to increase their share by creating new products and modernizing their existing lines owing to rapid technological advancements. To increase their sales in the market, major companies are striving to partner up with rental businesses.

Manufacturers of truck mounted cranes are also adhering to important supply trends, including the introduction of new products and significant expenditures on R&D. Sany Heavy Industry Co., Ltd., Liebherr-International AG, Xuzhou Construction Machinery Group(XCMG) Co., Ltd., Hiab AG, and Tadano Ltd. are a few of the major market participants.

Find More Valuable Insights on Truck Mounted Cranes Market

The research report analyzes the market demand trends of truck mounted cranes. The global market estimation and growth projection are based on factors like end-use industries development, replacement ratio, and adoption rate of truck mounted cranes. As per Future Market Insights research scope, the truck mounted cranes market has been studied and segmented on the basis of product type, drive, lifting capacity and end use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

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Truck Mounted Cranes Market Outlook by Category

By Product Type:

  • Stiff Boom
  • Knuckle Boom

By Drive:

  • Electrical
  • Mechanical
  • Hydraulic

By Lifting Capacity:

  • Below 15 Ton
  • 15 to 30 Ton
  • 30 to 50 Ton
  • Above 50 Ton

By End Use:

  • Industrial
  • Commercial
  • Infrastructure
  • Others

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.

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
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