Future Market Outlook

Compaction Machines Market worth 6,310.7 Mn by 2025

Future Market Insights (FMI), in its latest report titled “Compaction Machines Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025”, has projected the global compaction machines market to expand at a steady CAGR of 6.2% in terms of revenue during the forecast period 2015–2025. The compaction machines market is estimated to reach US$ 3,444.3 Mn by the end of 2015, and 6,310.7 Mn by the end of 2025.

Increasing investment in infrastructure development and new road development and maintenance is fuelling demand for compaction machines globally. It is projected that the total investment in infrastructure activities would account between 3.5% and 4% of the global GDP by the end of 2030. Investment in road development and maintenance is forecasted to account for 28% of the total investment made between 2015 and 2025. Furthermore, focus on developing smart cities, runaways, and dams is further expected to boost demand.

Product-wise, the market is segmented into heavy compaction machine and light compaction machine. Heavy compaction machines are further sub-segmented into single drum roller, heavy tandem roller, and pneumatic roller. Light compaction machines segment, is sub-segmented into light tandem roller, hand operated machines, and trench roller. As far as unit sales are concerned, the light compaction machines segment account for approximately 85% share of the overall market in terms of unit sales,and is likely to dominate the market by the end of 2025, with the rising adoption in footpaths, road, and highway maintenance.  

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Region-wise, Western Europe and Asia Pacific represented prominent markets for compaction machines globally in 2014. In terms of market value, the compaction machine market in developing countries of Asia Pacific is collectively projected to expand at a CAGR of 7.6%, with major Asian economies such as India and China playing a major role. However, in term of unit sales, Western Europe dominates with more number of unit sales in the light compaction machinery segment. The Asia Pacific region is expected to be the largest compaction machine market in terms of value by 2025 end, followed by Western Europe and North America.  

As per the ongoing trend in the market, the intelligent compaction machines with display, sensors and telematics are being included in most of the key players’ product offerings.  Currently, the heavy compaction machinery’s rental penetration and secondary sales market is growing significantly. However, this trend is expected to pose a major challenge for new equipment sales.

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Key companies in the compaction machines market include XCMG Co. Ltd, Wacker Neuson SE, Terex Corporation, Atlas Copco, Volvo Construction Equipment - Volvo CE, Caterpillar Inc., BOMAG GmbH, Zoomlion Heavy Industries Science and Technology Co Ltd, Wirtgen Group and Sany Heavy Industries Co Ltd. Currently, global players account for over two-thirds of global revenues, however, in the future, new entrants to the market are expected to gain traction.

 

MEA Rough Terrain Cranes Market is Reaching a Market Size of over US$ 231 Mn by 2026 end

The latest market outlook titled “Rough Terrain Cranes Market: Middle East and Africa Industry Analysis and Opportunity Assessment, 2016–2026” by Future Market Insights offers imperative insights into the Middle East and Africa rough terrain cranes market for the forecast period 2016-2026.

The overall long-term outlook on the growth of MEA market for rough terrain cranes remains optimistic, with the market projected to grow at a promising CAGR of 5.6% through 2026. Over the assessment period, MEA market for rough terrain cranes will gain nearly 100 BPS, reaching a market size of over US$ 231 Mn by 2026 end. GCC countries currently account for a significant share of the MEA market – this will remain the trend throughout the forecast period. The next largest markets include South Africa, Israel, and Turkey, which is anticipated to be closely followed by the rest of MEA.

Key research findings strongly influencing the market growth

  • High initial capital and expensive maintenance continues to fuel preference for rental cranes over new crane sales.

  • Lucrative opportunities abound in the high lifting capacity cranes i.e. > 100T capacity segment.

  • Application in fracking pipe yards, transmission distribution lines, and tank firms will unlock new revenue generation opportunities.

  • Implementation of automation and advanced telematics are identified to be the top influential developments.

  • Focus on enhanced operator comfort and efficient fuel economy underpins introduction of new features in rough terrain cranes.

  • GCC will remain the largest market in rental as well as new sales of rough terrain cranes within MEA.

  • Maximum new sales will be registered in Turkey over 2016-2026.

  • African countries will account for significant demand owing to rapidly developing power generation and distribution infrastructure, and burgeoning mining activities.

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The market has been segmented for in-depth analysis over 2016-2026, into MEA rough terrain cranes market – new sales and MEA rough terrain cranes market – rental. While market for rental rough terrain cranes is likely to witness a CAGR of 5.3% reaching a value worth US$ US$ 247.4 Mn in 2026, market for new sales of rough terrain cranes is expected to reach US$ 142.0 Mn by 2026-end, expanding at a healthy CAGR of 5.9% over the assessment period.

MEA Rough Terrain Cranes Market - Rental

Future Market Insights expects this market to reach US$ 248 Mn in 2026.

  • On the basis of lifting capacity, the highest growth will be observed in > 100 tonnes capacity segment.

  • 50-75T capacity segment will continue to dominate the market throughout the forecast period.

  • 75-100T capacity segment will possibly exceed revenues of US$ 68 Mn in 2026, accounting for more than 27% share of the entire market revenues at the end of forecast period.

  • By boom length, 25-35 metre segment is projected to remain dominant with a major revenue share contribution of over 43% in 2026. Despite a relatively lower CAGR over 2016-2026, this segment will be evaluated at around US$ 107 Mn in 2026.

  • 35-50 metre segment will retain the second largest segment position with estimated revenue sales worth US$ 80 Mn in 2026, capturing over 31% share of the market value. This segment is expected to demonstrate the fastest growth at a CAGR of 5.6%.

  • Based on country, GCC will continue its monopoly with over 60% value share by the end of forecast period, eventually approaching US$ 150 Mn by 2026 end.

  • South Africa and Israel will be the next largest markets, whereas the rest of MEA and Turkey will witness higher growth rates of over 7%.

MEA Rough Terrain Cranes Market – New Sales                    

This market, according to Future Market Insights, will account for the revenues of nearly US$ 142 Mn by 2026-end.

  • By lifting capacity, 50-75T capacity segment is projected to attract the maximum revenues.

  • 75-100T capacity segment is likely to account for over 28% market value share in 2026.

  • > 100T capacity segment is predicted to witness the highest CAGR resulting in almost exponential growth in sales revenues over 2016-2026.

  • In terms of boom length, 25-35 metre segment will continue to dominate through 2026, accounting for more than 43% value share.

  • > 50 metre segment will be the fastest growing segment, exhibiting an impressive CAGR of 6.7%, resulting into twofold growth of the market over 2016-2026.

  • Country-wise, GCC will retain dominance, followed by South Africa. While the former is foreseen to attract over US$ 81 Mn in terms of 2026 revenues, the latter will reach over US$ 20 Mn in 2026.

  • GCC reaffirms the leading position with around 58% value share in 2026, whereas the rest of MEA, North Africa, and Turkey are expected to witness higher CAGRs over the assessment period.

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Among the leading players in the MEA rough terrain cranes market, Terex Corporation is identified to hold the most prominent share of over 21% in terms of new sales. Other leading companies include The Manitowoc Company, Inc., Tadano Ltd., Zoomlion Heavy Industry Science And Technology Co., Ltd., Liebherr Group, Xuzhou Construction Machinery Group Co., Ltd., Sany Heavy Industry Co., Ltd., and KATO WORKS CO., LTD.

Linear Slide Units Market Size, Share, Development by 2028

Linear slide units mark an emerging trend in factory automation and work on the linear motion technology. Employed in various industries, such as food & beverage, retail & e-commerce, machine building & SPMs (special purpose machines), automotive and others, linear slide units assist in typical applications where medium to low payload is required at a good speed and high acceleration. These units can work efficiently in harsh environments as well.

 

Linear slide units, considered under the scope of this study, have been mainly classified on the basis of pricing, drive, guide, capacity, application, end use, and region/country.

The global linear slide units market was valued at approximately US$ 1.8 Bn at the end of 2018. At an estimated CAGR of just under 7%, the linear slide units market is expected to observe robust growth in revenue over the forecast period.

 

Highlights - Linear Slide Units Market Segmental Analysis

 

By pricing, the medium range segment is expected to account for more than one-half of the market value share in the global linear slide units market as consumers in the global market prefer economical yet more efficient linear slide units for their plants. Premium linear slide units are used by consumers with high capital and customs requirements in the global linear slide unit market.

 

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On the basis of a drive, the linear slide units market has been segmented into ball screw and belt drive. The ball screw segment is projected to grow at a considerable rate in the global market as Linear Slide Units are used with ball screws; however, when accuracy is not the foremost requirement, and speed with the ability to reiterate the operation is, then belt drives are the preferred option.

 

On the basis of capacity, the Linear Slide Units market has been segmented into less than 50 kg, between 50-100 kg, between 100-150 kg and above 150 kg. The less than 50 Kg segment is estimated to dominate the global linear slide units market with a value CAGR of 7.5% between 2018 and 2018, followed by the 50-100 kg segment. By application, the linear slide unit market has been segmented into pick & place, packaging, and inline production. The pick & place segment is expected to hold around 40% of the global linear slide units market value share by 2018 and expand at a CAGR of 6.8% over the forecast period

 

By end use, food & beverage, packaging and machine building & SPM segments are projected to collectively account for more than a 60% value share in the global market. On the basis of region, India and East Asia are estimated to grow at significant rates in the global linear slide units market, owing to rapid industrialization and the substantial growth being witnessed in automotive component and metal fabrication industries.

 

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The intensity of competition in the linear slide unit market is medium to high. There are a large number of big and medium players in the marketplace, which makes the linear slide units market fairly consolidated. However, more than 50% of the linear slide unit market is held by organized players. Key companies serving the linear slide units market are keen on launching new products and entering into expansion agreements to meet the fast-changing tastes and demands of consumers. Some of the key players active in the global Linear Slide Units market include Bosch Rexroth, Festo Group, SMC Corporation, Parker Hannifin, Igus, Phoenix Mecano AG, HIWIN Corporation, THK CO., LTD., and Thomson Industries Inc., among others.

 

Global Solar Shading Systems Market Insights 2018-2027: Solar Shading Systems, Inc., Construction Specialties, Coltinfo.co.uk, SWFcontract

According to a new study of Future Market Insights (FMI), the global solar shading system market is projected to record a steady 3% CAGR through 2027. The solar shading system market was valued at US$ 3,672.6 Mn in 2017 and is expected to reach US$ 3,931.3 Mn by 2027-end. Resurgent growth in construction and infrastructure development activities worldwide, along with the rise in smart city projects, has been driving the adoption of solar shading systems in the recent past.

The solar shading system market has been segmented on the basis of the application area, component type, technology, and region. Based on the application area, the solar shading systems market is segmented into residential, commercial, and industrial areas. Gains from the residential sector are expected to increase at a relatively faster rate through 2027. Sales in the residential sector will be driven by the installation of solar shading systems and devices in new construction, and growing home renovation activities.

Based on the component type, the solar shading system market is segmented into aluminum-based, fabric-based, and other types. Aluminum-based solar shading systems continue to witness robust adoption in the residential and industrial sectors, owing to their attributes such as rigidity and durability, and shield-protection from solar radiation. On the other hand, fabric-based solar shading systems are expected to register a relatively higher CAGR through 2027, in light of their innovative and economic nature.

 
 

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On the basis of region, the solar shading system market is segmented into North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA). The solar shading systems market in Latin America is expected to witness a relatively faster growth through 2027. The fact that the region occupies a large span of tropical and sub-tropical regions contributes to its relative supremacy in the solar shading systems market.

The Middle East and Africa are also expected to gain significance as a fast-growing market for solar shading systems, owing to the high temperatures and intense solar radiations in the region. However, North America and Asia-Pacific excluding Japan (APEJ) continue to remain the most lucrative markets for solar shading systems.

According to the study, business partners are entering into long-term contracts for revenue generation and product innovation strategies, which in turn has been paving lucrative growth opportunities for the solar shading systems market. Key players operating in the global solar shading system market include Solar Shading Systems, Inc., Construction Specialties, Coltinfo.co.uk, SWFcontract., Norsk Hydro ASA, Duco Ventilation & Sun Control, LINAK, Draper, Inc, Glazing GmbH, Roda Licht -und Lufttechnik Gmb Comhan, InSync Solar, WAREMA Nederland B.V., Glasscon GmbH, Thermosash , Alumet, and Insolroll.

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These companies are eyeing to roll out a high number of quality solar shading systems. Gunnebo Group has a wide and diversified product portfolio of solar shading system, while Sand is continuously expanding its presence in various regions around the world. Dormakaba, Inc., a major supplier, and manufacturer of solar shading systems are banking on the product diversification strategy to boost its sales and revenues.

 

Watertight Doors Market is Estimated to Exhibit 6.5% CAGR through 2028

Watertight doors market witnessed sales of nearly 77,570 units in 2018 and is poised to grow at an impressive y-o-y of over 5.5% through 2019. Buoyancy of the global watertight doors market can be attributed to-

 

  • Optimistic outlook of coastal and marine tourism

  • Surging rate of ocean-based activities

  • Rising focus on ship repair and maintenance

  • Flourishing seaborne transportation and trade

Federal initiatives to promote marine safety have worked in favor of high-scale production of marine components, such as watertight doors. For instance, the Government of Canada is introducing additional measures for enhancement of navigation safety and emergency response in the Canadian waters. The measures were presented in the form of an official announcement and acknowledged as a part of Canada’s ‘Oceans Protection Plan’. On 14th June 2018, the U.S. Coast Guard announced two workforce initiatives in line with the ‘Marine Safety Program’. Particulars as such provide enough credence to the promising outlook of watertight doors market in 2019 and beyond.

 

“Investments in various forms of sustainable tourism, including coastal and marine tourism, is underway. This, in turn, has resulted in augmented production of marine vessels and associated components for safety, such as watertight doors. Rising vigor of ocean-based industries, such as offshore exploration and production, is supporting growth of offshore marine vessels and related components, including watertight doors”, says FMI report

 

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The report opines cruise ship revitalization and overhauls to be a prominent trend with profound influences on sales of watertight doors. The increasing demand for upgrading older ships by including advanced amenities and components is complementing the growth of building and repair activities, favoring high-scale production and sales of watertight doors.

 

As per the report, installation of hinged watertight doors is proliferating at an impressive rate, with global sales likely to cross 71,000 units in 2019. Robust watertight seal withstanding adverse conditions remains a key USP enhancing the visibility of hinged watertight doors over the sliding variants.

 

According to the report, end-users remain biased toward hydraulic as a viable source over electric ones in the watertight doors landscape, with global sales estimated to exceed 71,348 units in 2019. Hydraulic watertight doors have been traditionally employed in commercial and military vessels alike, owing to their attribute of greater power delivery through smaller force. Additionally, relatively higher control accuracy in light of simple push buttons and levers employed, and economic benefits owing to fewer moving parts equipped, are key demand determinants of hydraulic watertight doors.

 

Manufacturers Seek Approvals from Renowned Organizations to Boost Credibility

 

The manufacturing framework of watertight doors witnesses major reformations in the light of evolving environmental concerns. Manufacturing companies are switching to sustainability-driven approaches, wherein production processes and value creation for the environment remain closely associated. Manufacturers of watertight doors are seeking approvals from prominent organizations providing marine classification, such as International Association of Classification Societies (IACS), to boost consumer confidence and get repeat sales

 

Leading manufacturers of watertight doors are vying to offer distinguishable products to gain competitive advantages amid homogeneous competitors, which will help them strengthen their brand equity. Sensing the end-user shift toward high convenience and superior functionality, manufacturers of watertight doors remain focused on offering maintenance free and easy-to-install products for seamless operations on board.

 

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According to the report, the leading manufacturing companies are reinvigorating their technical know-how with high investments in research and development. This, in turn, is fostering their capabilities in terms of offering an ideal amalgamation of intelligent designs, enhanced longevity, and improved usability. Moreover, manufacturers are incorporating industry best drive systems in their products to offer reliable and safe products bolstering end-user convenience. As per FMI analysis, the industry giants remain involved in strategic collaborations with shipyards for seamless supply, which helps them boost their profit margins.

Industrial Cleaners Market Worth US$ 32.45 Bn by 2028

The industrial cleaners market is highly fragmented owing to the presence of a large number of global and domestic players who are leveraging product differentiation to stay ahead in the game. Improved aesthetics and fragrance coupled with innovative production processes to increase product shelf life is pushing revenues in the market for industrial cleaners, as elucidated in a new research study by Future Market Insights (FMI). The market is creating increasing growth opportunities for both existing players as well as new entrants. Industrial cleaners manufacturing is relatively cost effective, given the low production costs owing to low investment of capital and limited process training. A low entry barrier for new players is characteristic of the industrial cleaners market.

According to a senior analyst in the Chemicals domain at FMI, “Established global players in the industrial cleaners market are primarily focussing on increasing their manufacturing capacities as well as introducing sustainable and multipurpose industrial cleaners to stay competitive in the ever-growing market. Global players are thriving in the industrial cleaners market due to their widespread distribution channels, sales networks, and wide product portfolios, and are able to maintain a steady year-on-year growth in revenue. Domestic manufacturers, although large in number, offer stiff competition to the global players in their respective regions in the industrial cleaners market.”

FMI attributes growth in sales of industrial cleaners to rapidly increasing demand from end-use industries. Adoption of industrial cleaners has increased significantly across industries such as food and beverages, manufacturing, oil and gas, petrochemicals, and other industries. Growing health and safety concerns especially in the manufacturing sector is pushing demand for industrial cleaners. Industrial cleaners clean and protect manufacturing equipment and make it safe, free from corrosion, and more efficient. Industrial cleaners also help reduce the harmful effects of chemicals used in manufacturing processes on human health as well as the environment. This is one of the significant factors boosting adoption of industrial cleaners across end-use industries.

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Sustainable Industrial Cleaning Solutions Trending the Global Market

Global warming has led to a growing demand from industries for sustainable cleaning solutions that are environment friendly, efficient, and safe for human health. Manufacturers of industrial cleaners are launching sustainable products that are safe and effective in a bid to stay competitive.

Multipurpose Industrial Cleaners are a New Trend in the Global Market

Manufacturers in the industrial cleaners market are launching multipurpose cleaners capable of serving different purposes such as degreasing, acidic cleaning, and other cleaning functions. Launch of a single product with multipurpose functions is a key manufacturer strategy being witnessed in the industrial cleaners market. 

Segmental Insights from FMI’s Report on the Industrial Cleaners Market

  • The degreasers product type segment is expected to hold high market share in the industrial cleaners market, as degreasers are the most common type of industrial cleaners used in manufacturing industries for cleaning equipment with moving parts, which tend to accumulate rust and grease.

  • The oil and gas and petrochemicals end-use industries are expected to register high demand for industrial cleaners. The use of multiple chemicals and equipment in these industries is expected to fuel adoption of industrial cleaners.

Industrial Cleaners Market: Regional Insights

Growth of the industrial cleaners market is expected to be driven mainly by the markets in China, South East Asia & Pacific, and India. North America and Europe are projected to hold high market shares in the global industrial cleaners market, and these regions are expected to create huge demand for industrial cleaners due to the growing number of manufacturing industries. The rapidly expanding population and increasing need for consumer goods in China and India has led to rapid development of the manufacturing sector, which in turn is expected to create huge demand for industrial cleaners.

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Key Players in the Industrial Cleaners Market

Some of the leading players in the global industrial cleaners market include Kao Chemicals GmbH, Neos Company Limited, BASF SE, Croda International plc, Huntsman Corporation, 3M Company, Stepan Company, Quaker Chemical Corporation, WVT Industries, The Dow Chemical Company, Evonik Industries AG, Akzo Nobel N.V., Clariant, Ecolab, Solvay S.A., and Mitsubishi Chemical Holdings Corporation.

Fatty Amines Market CAGR to Grow at 4.2% During 2014 – 2020

Future Market Insights (FMI) announces the release of its latest report titled, “Fatty Amines Market: Global Industry Analysis and Opportunity Assessment 2015-2020”. According to the report, the global fatty amines market was valued at US$ 1,721 Mn in 2014 and is anticipated to reach US$ 2,193 Mn by 2020, registering a compound annual growth rate (CAGR) of 4.2% through the forecast period.

Fatty Amines Market Driven by Booming Water Treatment Chemicals Industry & Demand for Agro-chemicals

Global fatty amines market is driven by growing water treatment chemicals industry and increasing demand for agro-chemicals and asphalt additives, mainly in the developing countries. Water treatment chemicals contribute the highest in terms of demand and share to the global fatty amines market, as compared to the other application segments. Increasing usage of fatty amines in various end-user applications coupled with market expansion and development of novel applications, such as detergents, mining, paints & coatings and fabric softener are further driving the fatty amines market growth. However, fluctuations in availability and volatile raw material prices pose a challenge for the global fatty amines market.

Market Segments: The global fatty amines market is segmented on the basis of product type, application and geography.

By product type, global fatty amines market is segmented into primary fatty amines, secondary fatty amines and tertiary fatty amines. Among these segments, tertiary fatty amines accounted for approximately 48.1% of global value market share in 2014. Furthermore, it is expected to dominate the global fatty amines market throughout the forecast period, exhibiting a CAGR of 3.6% between 2015 and 2020.

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The primary fatty amines market accounted for over 25% of the market value share in 2014 and is expected to increase at a comparatively high CAGR of 4.9%, during the forecast period, owing to its increasing consumption in water treatment chemicals and paints & coatings industry as additives to protect the paints from getting tainted while in storage.

The secondary fatty amines segment accounted for approximately 23% of the global value market share in 2014, and is expected to gain its market share and account for 23.3% of the global fatty amines market by 2020.

On the bases of application, the global fatty amines market is segmented into water treatment chemicals, agro-chemicals, oilfield chemicals, asphalt additives, anti-caking and others (used in personal care, mining, fabric softener, paints & coatings). Among the aforementioned segments, water treatment chemicals is expected to dominate the global fatty amines market with over 29% market revenue share throughout the forecast period. Growing paints & coatings industry, coupled with increasing automobile production in China, Malaysia, Indonesia and Mexico is expected to further propel the demand for fatty amines in the asphalt additives application segment. The scope of applications for fatty amines in others segment is expected to expand in the future too, due to market expansion and innovation in techniques.

On the bases of region, Asia Pacific Excluding Japan (APEJ) dominated the global fatty amines market in 2014, in terms of revenue, accounting for more than 25% of the revenue share. However, North America and Eastern Europe are foreseen to witness relatively high CAGRs of 6.4% and 5.3%, respectively.

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Competitive Landscape

Key players considered in the global fatty amines market include Kao Corporation, Evonik Industries AG, AkzoNobel N.V., DuPont, Clariant AG, CECA Arkema Group, Sigma-Aldrich Corporation, Volant-Chem Group, Procter & Gamble Chemicals Company and Lonza.

Huge Demand of Below 30Hp Centrifugal Water Pumps Driven by Increasing Urbanization, Housing Projects and Growth of Agriculture Sector

Future Market Insights (FMI) delivers key insights on the Egypt below 30Hp centrifugal water pump market in its upcoming market forecast and outlook titled, “Below 30 Hp Centrifugal Water Pump Market: Egypt Industry Analysis and Opportunity Assessment 2015 - 2020”. The Egypt below 30 Hp centrifugal water pump market is projected to register a steady CAGR of 5.1% in terms of revenue during the forecast period due to various factors, regarding which FMI offers vital insights in detail. 

FMI analyses the Egypt below 30Hp centrifugal water pump market in terms of market value (US$ Mn) and volume (units), by applications, pump type and pump capacity, and provides insightful information regarding market dynamics, value chain, competitive landscape, current trends, market estimations and forecast until 2020. 

 

Below 30Hp centrifugal water pumps are the most used types of pumps in the world due to robust and effective nature. Below 30 Hp centrifugal water pumps find application in various large and small scale industries such as chemicals, construction, waste water treatment and agriculture. On the basis of application type, the market has been segmented into industrial, agriculture and domestic use. The domestic application segment accounted for around 40% revenue share of the overall Egypt below 30Hp centrifugal water pump market in 2014, and is expected to register a CAGR of 4.8% over the forecast period.

 

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Agriculture application is estimated to grow at the fastest CAGR during the forecast period. Every application segment is further sub-segmented into monobloc, mini pump and submersible pump. Submersible pumps are widely preferred for all the above mentioned applications; however, monobloc pumps is expected to register a high CAGR over the forecast period. Submersible centrifugal water pumps are widely preferred in Egypt, and account for over 50% share of the Egypt below 30Hp centrifugal water pumps market.

 

This report covers trends driving growth of each segment and respective sub-segments and offers pricing analysis and insights for each pump type and their respective capacities. From the capacity perspective, segmentation is done on the basis of horsepower for all three types of pumps. A detailed pricing analysis is done for the same. The 25 to 30 Hp pump in the monobloc and submersible pump category are more preferred, while the 1 to 2 Hp capacity pumps account for over 50% share in the mini centrifugal water pump category.

 

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Increasing investment in housing construction, infrastructure development, expansion of water supply network and increase in agriculture initiatives are some of the macro-economic drivers for the Egypt below 30Hp centrifugal water pump market. Political instability and price volatility are some of the factors restricting growth of the Egypt below 30Hp centrifugal water pump market. Prices of China-made centrifugal water pumps are relatively lower and this is one of the major concerns for global and regional players operating in this market. Adoption of photovoltaic powered centrifugal water pumps and solar powered centrifugal water pumps is trending in the Egypt below 30Hp centrifugal water pumps market.

 

Key players in the Egypt below 30Hp centrifugal water pump market include Grundfos, KSB Pumps, Xylem Inc., Wilo, Flowserve Corporation, Calpeda and Omega Engineering Egypt. Egypt centrifugal water pump market is largely dominated by regional and local players, and these collectively account for around 70% share of the total centrifugal water pump market. Grundfos accounts for largest share among all others, followed by KSB Egypt and Wilo.

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Compaction Machines Market Revenue Expected to Expand at 6.2% CAGR Through 2025

Future Market Insights (FMI), in its latest report titled “Compaction Machines Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025”, has projected the global compaction machines market to expand at a steady CAGR of 6.2% in terms of revenue during the forecast period 2015–2025. The compaction machines market is estimated to reach US$ 3,444.3 Mn by the end of 2015, and 6,310.7 Mn by the end of 2025.

 

Increasing investment in infrastructure development and new road development and maintenance is fuelling demand for compaction machines globally. It is projected that the total investment in infrastructure activities would account between 3.5% and 4% of the global GDP by the end of 2030. Investment in road development and maintenance is forecasted to account for 28% of the total investment made between 2015 and 2025. Furthermore, focus on developing smart cities, runaways, and dams is further expected to boost demand.

 

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Product-wise, the market is segmented into heavy compaction machine and light compaction machine. Heavy compaction machines are further sub-segmented into single drum roller, heavy tandem roller, and pneumatic roller. Light compaction machines segment, is sub-segmented into light tandem roller, hand operated machines, and trench roller. As far as unit sales are concerned, the light compaction machines segment account for approximately 85% share of the overall market in terms of unit sales,and is likely to dominate the market by the end of 2025, with the rising adoption in footpaths, road, and highway maintenance.  

   

Region-wise, Western Europe and Asia Pacific represented prominent markets for compaction machines globally in 2014. In terms of market value, the compaction machine market in developing countries of Asia Pacific is collectively projected to expand at a CAGR of 7.6%, with major Asian economies such as India and China playing a major role. However, in term of unit sales, Western Europe dominates with more number of unit sales in the light compaction machinery segment. The Asia Pacific region is expected to be the largest compaction machine market in terms of value by 2025 end, followed by Western Europe and North America.  

 

As per the ongoing trend in the market, the intelligent compaction machines with display, sensors and telematics are being included in most of the key players’ product offerings.  Currently, the heavy compaction machinery’s rental penetration and secondary sales market is growing significantly. However, this trend is expected to pose a major challenge for new equipment sales.

 

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Key companies in the compaction machines market include XCMG Co. Ltd, Wacker Neuson SE, Terex Corporation, Atlas Copco, Volvo Construction Equipment - Volvo CE, Caterpillar Inc., BOMAG GmbH, Zoomlion Heavy Industries Science and Technology Co Ltd, Wirtgen Group and Sany Heavy Industries Co Ltd. Currently, global players account for over two-thirds of global revenues, however, in the future, new entrants to the market are expected to gain traction.

 

Fatty Amines Market it is Anticipated to Grow at a Significant CAGR of 4.7% During 2015 - 2020

Future Market Insights (FMI) announces the release of its latest report titled, “Fatty Amines Market: Global Industry Analysis and Opportunity Assessment 2015-2020”. According to the report, the global fatty amines market was valued at US$ 1,721 Mn in 2014 and is anticipated to reach US$ 2,193 Mn by 2020, registering a compound annual growth rate (CAGR) of 4.2% through the forecast period.

 

Fatty Amines Market Driven by Booming Water Treatment Chemicals Industry & Demand for Agro-chemicals

 

Global fatty amines market is driven by growing water treatment chemicals industry and increasing demand for agro-chemicals and asphalt additives, mainly in the developing countries. Water treatment chemicals contribute the highest in terms of demand and share to the global fatty amines market, as compared to the other application segments. Increasing usage of fatty amines in various end-user applications coupled with market expansion and development of novel applications, such as detergents, mining, paints & coatings and fabric softener are further driving the fatty amines market growth. However, fluctuations in availability and volatile raw material prices pose a challenge for the global fatty amines market.

 

Market Segments

The global fatty amines market is segmented on the basis of product type, application and geography.

By product type, global fatty amines market is segmented into primary fatty amines, secondary fatty amines and tertiary fatty amines. Among these segments, tertiary fatty amines accounted for approximately 48.1% of global value market share in 2014. Furthermore, it is expected to dominate the global fatty amines market throughout the forecast period, exhibiting a CAGR of 3.6% between 2015 and 2020.

 

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The primary fatty amines market accounted for over 25% of the market value share in 2014 and is expected to increase at a comparatively high CAGR of 4.9%, during the forecast period, owing to its increasing consumption in water treatment chemicals and paints & coatings industry as additives to protect the paints from getting tainted while in storage.

 

The secondary fatty amines segment accounted for approximately 23% of the global value market share in 2014, and is expected to gain its market share and account for 23.3% of the global fatty amines market by 2020.

 

On the bases of application, the global fatty amines market is segmented into water treatment chemicals, agro-chemicals, oilfield chemicals, asphalt additives, anti-caking and others (used in personal care, mining, fabric softener, paints & coatings). Among the aforementioned segments, water treatment chemicals is expected to dominate the global fatty amines market with over 29% market revenue share throughout the forecast period. Growing paints & coatings industry, coupled with increasing automobile production in China, Malaysia, Indonesia and Mexico is expected to further propel the demand for fatty amines in the asphalt additives application segment. The scope of applications for fatty amines in others segment is expected to expand in the future too, due to market expansion and innovation in techniques.

 

On the bases of region, Asia Pacific Excluding Japan (APEJ) dominated the global fatty amines market in 2014, in terms of revenue, accounting for more than 25% of the revenue share. However, North America and Eastern Europe are foreseen to witness relatively high CAGRs of 6.4% and 5.3%, respectively.

 

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Competitive Landscape

Key players considered in the global fatty amines market include Kao Corporation, Evonik Industries AG, AkzoNobel N.V., DuPont, Clariant AG, CECA Arkema Group, Sigma-Aldrich Corporation, Volant-Chem Group, Procter & Gamble Chemicals Company and Lonza

Automotive In-Wheel Motors Market is Expected to Witness a CAGR of 37.7% through 2017-2027

Automotive in-wheel motors have recorded a remarkable surge in sales in recent years, influenced by multiple factors ranging from greater driving range per charge to elimination of components such as driving and differential shafts. According to a study of Future Market Insights (FMI), the automotive in-wheel motors sales will exceed 720 thousand units in 2019. Affordability of in-wheel motor in terms of power consumption relative to the traditionally employed central drive unit system will continue to uphold its preference by automakers in the near future.

 

Elimination of unnecessary components is one of the primary adoption determinants of automotive in-wheel motors, as they significantly reduce the weight of battery-electric vehicles (BEVs), while crawling up on vehicle electrification and lightweighting trends. BEV accounted for over 7 in 10 automotive in-wheel motors sold worldwide in 2017, according to the study. A key trend influencing BEV-specific in-wheel motor sales is miniaturization and integration of inverter, which features a compact design.

Automotive in-wheel motors are likely to remain touted as a sustainable future alternative to propulsion systems used in powertrains. With promising future prospects of BEVs, and palpability of optimized hydrogen fuel cell technologies, certainty spotlights automotive in-wheel motors’ promising prospects in the upcoming years.

 

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Passenger Cars Hold Supremacy in Adoption of Automotive In-Wheel Motors

 

The study opines that passenger cars will continue to retain their reign in the automotive in-wheel motors market, with approximately 637 thousand units expected to be sold in 2019. Key offerings with affordability, such as improved vehicle dynamics and lower design complexity in power transmission to wheel, continue to drive adoption of automotive in-wheel motors in passenger cars. Passenger cars integrated with in-wheel motors enable enhanced traction control, along with torque vectoring functions devoid of added bill-of-materials.

 

The automotive in-wheel motors market grows in tandem with penetration of electric vehicles is significantly backed by the regulations on vehicle emission, as nearly 20% of these emissions result directly from fuel evaporation. Contribution of these zero emission vehicles to environment pollution is insignificant, despite their indirect impacts during electricity generation and storage.

 

Automotive In-Wheel Motors Market: Key Players Introducing Novel Solutions to Clasp Greater Share

 

Key players in the automotive in-wheel motors market have come up with novel solutions to offset latent challenges faced in terms of deployment, operation, and functionality. Companies such as Protean Electric have claimed to have overcome obstructions related to use of automotive in-wheel motors, such as road shocks and additional mass, along with complexity associated with motor control software.

 

Protean’s new automotive in-wheel motors make drivetrains highly energy-efficient, while increasing the fuel economy over 30%. On the other hand Nissan has developed automotive in-wheel motors for the working prototype of the company’s futuristic concept car. Companies such as Ziehl-Abegg have introduced automotive in-wheel motors that enable application in fuel-cell, battery-operated, and hybrid commercial electric vehicles.

Permeation of electrification trend in the automotive space shows no signs of abating, with prospects revolving around motor and charging technologies that are becoming more multipurpose and sophisticated. Robust uptake in electric vehicles worldwide has led automotive OEMs to catch up with efforts on the development of second-generation motors, wherein performance, noise, and efficiency are deemed key imperatives. Higher levels of auto parts integration, and sturdy, compact packaging of powertrain components are some of the imminent developments in the automotive in-wheel motors market.

 

As benefits of automotive in-wheel motors continue to outweigh challenges faced in their deployment and functionalities, along with efforts toward offsetting the latter, industry leaders have directed their focus on R&D activities. These researches are primary aimed at design developments to impart mechanical, electrical, and thermal stress resistance to the automotive in-wheel motors during their operation.

 

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This FMI study also offers forecast on the automotive in-wheel motors market for the period between 2018 and 2027. The automotive in-wheel motors market will record a staggering CAGR of over 35% through 2027.

Revenues over US$ US$ 571.6 Mn will be Accounted by Synthetic Camphor Market by 2028-End

According to the latest Future Market Insights (FMI) report, the volume sales of synthetic camphor are likely to exceed 36 thousand tons in 2019. Pharmaceutical industry has been a leading end-user of synthetic camphor, upheld by ongoing research activities on extending application scope of synthetic camphor in medicinal formulations.

Pharma-grade synthetic camphor is extensively used in various topical analgesic products such as ointments, oils, gels, and chest-rubs. These pharma-grade synthetic camphor for topical pain management products are witnessing significant demand owing to consumer preference for self-medication, undergird by enhanced and easy accessibility of OTC products. According to the report, pharma-grade synthetic camphor is projected to account for more than 50% volume share in 2019 in the synthetic camphor market.

Pharma-grade synthetic camphor sales are also significantly driven by growing demand for private-labelled camphorated medical products. For example, private labelled analgesic products have gained increased popularity in the US, as they are devoid of FDA approval, and witness strong promotion from retailer businesses.

A key factor restricting adoption is regulations on the use of synthetic camphor in pharmaceutical products, such as the US FDA’s classification of certain camphorated oil products would require patients to hold doctor’s prescription for consumption. Moreover, rising costs of raw materials such as turpentine oil is emerging as a key concern for manufacturers producing pharma-grade synthetic camphor.

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Gains Remain Strong from Synthetic Camphor Sales in Plasticizer Production

Synthetic camphor continues to witness robust adoption in plasticizer production, which prevails as a critical component for paint and coating formulations. Additionally, demand for plasticizers in PVC and cellulose fiber production, has significantly underpinned sales of synthetic camphor. The study estimates sales of synthetic camphor in plasticizer production to surpass 13 thousand tons in 2019.

Rise in the construction sector, along with increasing demand for renovation and maintenance of existing structures, continues to drive demand for plasticizers in flooring and wall covering applications. Additionally, remarkable demand for plasticizers in flexible Polyvinyl Chloride (PVC) manufacturing, and to soften plastics used in wall covering and flooring, will remain a key sales determinant of synthetic camphor.

East Asia to Hold Pole Position in Synthetic Camphor Market

According to the FMI report, East Asia is likely to remain lucrative in the synthetic camphor market. In East Asia, China is expected to account for the highest sales of synthetic camphor, surpassing 12 thousand tons in 2019. Owing to the presence of a large number of pharma-grade synthetic camphor manufacturers in China, the country is witnessing the growing demand for synthetic camphor.

Growing overseas demand for synthetic camphor and significant growth in Chinese gum turpentine industry are the key factors influencing the market growth in the country. Additionally, with the development of Chinese gum turpentine derivatives such as synthetic camphor and synthetic borneol, overseas companies are eyeing use of these derivatives over gum turpentine.

Majority of the pharma-grade synthetic camphor manufacturers are concentrated in China and India, exporting their products to Europe and the US. Due to the availability of raw materials and synthetic camphor on a large scale in China and India, global manufacturers of camphor and other related chemical are focusing on expanding their businesses in East Asia.

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The FMI report also tracks the synthetic camphor market for the forecast period 2018 to 2028. According to the report, volume sales of synthetic camphor is likely to register 3.0% CAGR through 2028.

Huge Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

Over 152 million units of industrial noise control systems were sold in 2018, totalling a market value worth US$ 4.8 billion. A new study by Future Market Insights (FMI) finds that industrial noise control market is expected to grow at 3.7% y-o-y in 2019. Key factors influencing the growth of industrial noise control market include,

 

  • Growing awareness of harmful levels of industrial noise

 

Increasing emphasis on the protection of workers and employees from noise pollution

 

Stringent environment regulation related to industrial noise control

 

Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.

 

Polymer & Composites Remain Preferred Materials, Accounted for Over 4 in 10 Sales in 2018

 

The FMI study finds that polymer and composites are highly preferred materials for the manufacturing of industrial noise control units. Over 4 in 10 industrial noise control units sold in 2018 were made of polymer & composites.

 

Polymers and composite materials have higher soundproofing properties as compared to other materials such as glass, metal and fabric. In addition, new developments in composite materials provide biodegradability and recyclability, leading to higher sales.   

 

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Vibration Isolation Units Highly Sought-After

 

The FMI study finds that over 8 in 10 industrial noise control units sold in 2018 were equipped with vibration isolation unit. As vibrations can significantly impact the overall productivity and durability of a range of industrial machines, industrial noise control with vibration isolation units are highly sought after.

 

FMI thoroughly analyzed demand trends of different vibration isolation units such as isolation/machinery pads, isolation mounts, equipment bases and spring isolators. Among these, sales of isolation mounts were higher in 2018 and the demand trend will continue in the future as manufacturers consistently introduce advanced and more efficient vibration isolation mounts.

 

The industrial noise control market is also studied for flexible and rigid industrial noise control instruments by FMI. While both these noise control units significantly address noise pollution issues, FMI study finds that flexible noise control units accounted for the second highest sales in 2018 and demand for rigid noise barriers is expected to grow at 4% in 2019.

 

Industrial Noise Control Utilization in Internal Application Prominent, Accounted for 7 in 10 Sales in 2018

 

The FMI study estimates that demand for industrial noise control units for internal noise control application remained higher as compared to the application in external noise control. 7 in 10 industrial noise control units sold in 2018 were for internal application and the demand will continue to grow in the future.

 

Elevated sound levels at workplaces and other commercial or residential places can cause negative human health conditions such as hearing impairment, annoyance, sleep disturbance, hypertension and in some cases ischemic heart disease. Dissemination of knowledge regarding these harmful effects is contributing to increasing sales of industrial noise control units in the internal noise control application.

 

Growing awareness of environmental noise as a potential health concern, industrial measures are taken to address the impact of external noise sources. FMI shows that adoption of industrial noise control for external noise control application will grow at 3.9% y-o-y in 2019.

 

Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

 

According to the FMI study, the manufacturing sector remains a prominent end user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures.

 

Over 7 in 10 industrial noise control units were sold in the manufacturing sector in 2018, wherein industrial machinery vertical account for the highest sales. As keeping the noise within the OSHA levels in the different manufacturing sector is pivotal in ensuring health and wellness of employees.

 

Demand in East Asia Continues to Surge, Europe Represents Second Largest Market

 

 

As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2018. In terms of sales volume, Europe followed East Asia and collectively, these regions accounted for over 6 in 10 unit sales.

 

China in East Asia remains leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for considerable bulk of regional demand in 2018.

 

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While the growth prospects seem steady for the industrial noise control market, development of advanced industrial machineries integrated with noise cancelling technologies and sound or vibration absorbers can impede the market growth in the future.

Artificial Lift Systems Market Volume Analysis, Segments, Value Share and Key Trends 2016-2026

The recovery of hydrocarbon resources from the reservoir occurs either through natural bottomhole pressure or by creating artificial pressure using artificial lift systems. The artificial lift systems market is expected to witness a moderate annual growth in coming years owing to strengthening of crude oil prices. According to Energy International Agency (EIA), Brent crude is anticipated to be traded at around $90 per Bbl by the end of 2025. Further, the mature fields account for over 70% of the global oil & gas production. With recovery in prices of the global crude oil benchmarks, coupled with attempts to increase production from mature fields, the global artificial lift systems market is expected to witness increased revenues in coming years.

Although, a number of Enhanced Oil Recovery (EOR) techniques are available for increasing the amount of hydrocarbon recovery, but they are considered as tertiary recovery system. The artificial lift system on the other hand is a primary recovery technique, which provides low cost and effective means of maintaining the desired production rate in a well.  An artificial lift system is utilized to overcome bottom-hole pressure during the phase when natural bottomhole pressure is not enough to support the flow of hydrocarbons from reservoir to the well bore. The artificial lift system enables to overcome downhole pressure in order to maintain the desired production rate from a producing well.

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Artificial Lift Systems Market: Segmentation

The global artificial lift systems market has been segment on the basis of geography as well as on the basis of actuation mode used for artificial lift system. On the basis of actuation mode, the global artificial lift systems market has been segmented into pump assisted artificial lift system and gas assisted artificial lift system. The pump assisted artificial lift systems market has been further divided into four different systems, which include Rod Pump, Hydraulic Piston System, Electrical Submersible Pump (ESP), and Progressive Cavity Pump.  Further the gas assisted artificial lift system has been further segmented into two different types of systems – Gas Lift and Plunger Lift. Within the artificial lift systems market, rod pump has been the oldest types of methods that has been used across the industry. However, other artificial lift systems are expected to gain traction in the global artificial lift systems market in coming years.

In terms of geography, the global artificial lift system has been segmented into seven key geographical regions, which include, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Middle East & Africa, Japan. The artificial lift system has witnessed a larger market share, in terms of revenue, as compared to other regions across the globe. Increasing mature fields in regions such as Middle East, is expected to drive the market for artificial lift systems through the forecast period.

Artificial Lift Systems Market: Market Drivers

The industry’s inclination and attempts to optimize upstream assets is one of the key drivers for the global artificial lift systems market. Additionally, the recovery in crude oil price after recent plummeting is also likely to drive investments in global artificial lift systems market. The desire to maintain the production rate in a well in addition to the cost effectiveness an artificial lift system provides as compared to tertiary recovery techniques, the artificial lift systems market is expected to witness increased revenue generation in years to come.

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Artificial Lift Systems Market: Key Players

The global Artificial Lift Systems market witnessed key players such as Baker Hughes, Dover Artificial Lift, Flotek Industries, Inc., Halliburton Company, Kudu Industries, Schlumberger Ltd, Weatherford International, among others.

Metal & Metal Oxide Nanoparticles Market is Anticipated to Reach a Value US$ 8,000 Mn by 2026

Frontiers of nanotechnology continue to span across the globe and among diversified industrial verticals. Nanoparticles of various elements are gaining competence as crucial industrial constituents, and are witnessing a considerable rise in their applications. Future Market Insights’ recent study explores the market for nanoparticles of metals and metal oxides, and projects that application of such nanoparticles will gain traction duet to their ground-breaking properties.

According to Future Market Insights,

  • High physical, chemical and surface properties of metal and metal oxide nanoparticles will fuel their applicability as effective bulk materials

  • Metal and metal oxide nanoparticles will also play an instrumental role in manufacturing of innovative products offered in the global consumer electronics industry

  • Versatile applicability of metal and metal oxide nanoparticles will also witness higher adoption for drugmakers and medical device manufacturers

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According to the report, titled “Metal & Metal Oxide Nanoparticles Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” the demand for metal nanoparticles is projected to remain significantly higher than that of metal oxide nanoparticles. The global market for metal nanoparticles is presently valued at US$ 13.7 Bn, and will soar at 13.9% CAGR to surpass US$ 50 Bn mark by the end of 2026. During this ten-year forecast period, the US$ 1.8 Bn global market for metal oxide nanoparticle will also surge robustly at 10.4% CAGR, and will procure over US$ 5 Bn revenues towards the end of period. This clearly indicates that by the end of 2026, the global metal nanoparticles market will be worth ten times the projected value for global metal oxide nanoparticles market. Collectively, the global market for metal and metal oxide nanoparticles are bound to soar at more than 10% CAGR throughout the forecast period.

The report reveals that the demand for metal and metal oxide nanoparticles will remain considerably high in three regions – North America, Western Europe and the Asia-Pacific excluding Japan region. Towards the end of 2026, North America will dominate the global metal nanoparticles market with 30% share, while Europe will be at the forefront of global metal oxide nanoparticles market. Companies such as Meliorum Technologies, Inc., Nanostructured & Amorphous Materials Inc., American Elements, SHOWA DENKO KK, and Tekna Systemes Plasma Inc. are recognised as key manufacturers of metal and metal oxide nanoparticles in the world. Other leading participants in the global metal and metal oxide nanoparticles market include US Research & Nanomaterials Inc., Nanoshel LLC, Nanophase Technologies Corporation, Sigma-Aldrich Co. LLC and NanoComposix Inc.

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The report further reveals that personal care & cosmetics industry will remain as the most lucrative end-user of metal and metal oxide nanoparticles. With over one-third revenues share for both, metal and metal oxide nanoparticles, personal care & cosmetic applications will be demanding greater use of such materials. Moreover, the demand for metal nanoparticles will also be high in defence sector, while metal oxide nanoparticles will gain traction in production of electrical and electronic products. Based on research findings, the report also estimates that by the end of 2026, nearly 50% of global metal nanoparticle revenues will be accounted by sales of iron nanoparticles. On the other hand, global revenues emanating from sales of zinc oxide nanoparticles will surge at 11% CAGR.

Petroleum Liquid Feedstock Market Global Industry Demand and Key Players Analysis 2019 - 2027

 

In a recently released research intelligence outlook, Future Market Insights forecasts high value-low growth landscape for the global petroleum liquid feedstock market over the course of next few years. The global revenue through consumption of petroleum liquid feedstock will reportedly reach around US$ 270 billion in 2019, demonstrating an estimated yearly revenue growth of 3.6% over that attained in 2018.

A steady upsurge in the demand for petroleum liquid feedstock is expected in coming years owing to a positive expansion outlook reflected by the global petrochemicals industry.

Growing Feedstock Applications in Chemicals & Automotive Industries

Mounting consumption of motor fuels and other prominently sold end products such as aromatics, olefins, solvents, and gasoline is primarily driving the revenue of petroleum liquid feedstock at a global level. Applications in aromatics currently account for over 50% revenue share, whereas olefins are positioned by the report as an attractive segment in petroleum liquid feedstock landscape.

With soaring uptake of aromatics by chemicals industry stakeholders, it is most likely that the demand for petroleum liquid feedstock, the key component used during the manufacturing of aromatics, will also witness a strong hike in the near future. Besides chemicals industry, the automotive industry has also been a creating significant revenue generation opportunities for manufacturers of petroleum liquid feedstock.

“With a dramatically expanding vehicular fleet and the subsequent demand growth in motor fuels and gasoline, it is most likely that the consumption of petroleum liquid feedstock would experience high growth over upcoming years,” states a senior market research analyst at FMI.

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Key Manufacturers Enlarging Naphtha Production Capacities

Refinery processes tend to produce higher proportions of naphtha compared to that of gas oil, which enables the former to retain top ranking segment in the market on the basis of type of petroleum liquid feedstock.

Naphtha consumption currently accounts for a whopping 91% share in the global petroleum liquid feedstock market value; the report however projects that gas oil would gradually emerge as an attractive segment over the years.

A majority of industry giants have been concentrating on increasing their naphtha production capacities by strategizing on production plants expansion across multiple geographical markets. Manufacturers based in Middle Eastern countries have been observed to have augmented their naphtha production recently.

However, with growing availability of low-priced substitutes for petroleum liquid feedstock such as propane and ethane, the naphtha space has been witnessing an oversupply scenario.

China Slated for Maximum Market Attractiveness in Coming Years

With more than 71% market value share held collectively, petroleum liquid feedstock market in China, Europe, and Asia Pacific (excluding Japan) are likely to demonstrate notable expansion over coming years. Considerable rise in the automotive production and sales across Europe, China, and other Asian economies remains a key driving force pushing the consumption of petroleum liquid feedstock across these regions.

China however is forecast to emerge as the most lucrative market for manufacturers of petroleum liquid feedstock, and the report estimates around 4% yearly growth in China’s market value, in 2019. Moreover, Asian market for petroleum liquid feedstock still continues to face consequences of a severe demand-supply gap that is likely to trigger increased export from Europe and present multiple business opportunities for leading manufacturing companies.

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Fragmented Market Landscape to Witness a Growing Focus on Capacity Expansion

In a fairly fragmented competitive landscape of the global petroleum liquid feedstock market, the Tier 1 players account a mere revenue share of 25-35%.

Prominent companies such as TOTAL S.A., BP p.l.c, Royal Dutch Shell plc, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, and China National Petroleum Corporation continue to remain top performers.

The report indicates that a majority of Tier 1 players are currently focusing on petroleum liquid feedstock production expansion, in addition to the integration of the production of other end products with that of petroleum liquid feedstock.

Whereas, the Tier 2 companies, including Idemitsu Kosan Co. Ltd., Flint Hills Resources, and YPF, and other smaller local players collectively hold the lion’s share in the market in terms of revenue.

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