What is the Regulatory Impact on Global Sales of India Bullet-Resistant Glass?

 Sales of bullet-resistant glass in India is estimated to be valued at INR 5.8 Bn by the end of 2016, up 8.1% Y-o-Y. The automotive sector is estimated to account for a bulk of the demand for bullet-resistant glass market by 2016 end and is expected to account for a market share of 56.8% by 2024 end.

The growth of automotive sector in India, infrastructural development in the financial sector, national policies and regulations mandating installation of bullet-resistant glass at locations vulnerable to man-made disasters are major factors fueling demand for bullet-resistant glass in India. However, failure of locally manufactured bullet-resistant glass to meet international quality standards and low-cost imports from China are factors anticipated to adversely hamper the growth of the bullet-resistant glass market in the country over the forecast period.

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“India Bullet-resistant Glass Market is mainly Driven by Infrastructural Development in Financial Sector, Increasing Number of HNWIs Opting for Armored Vehicles and National Policies and Regulation Mandating Use of Bullet-resistant Glass: PMR”

By product type, glass-clad polycarbonate segment in the bullet-resistant glass market in India is estimated to account for the highest revenue share, valued at INR 2.3 Bn, by 2016 end. The acrylic segment is expected to account for the least revenue share over the forecast period due to the use of acrylic in applications requiring low levels of protection.

Financial services segment in the bullet-resistant glass market is expected to register significant growth over the forecast period, expanding at a CAGR of 9.7% in terms of value over 2016–2024. In building segment, commercial buildings sub-segment is expected to account for the highest market share over the forecast period.

By BRG class, BR6 and BR5 segments are collectively expected to hold the highest revenue share over the forecast period. By the end of 2016, a BR5 segment is estimated to be valued at INR 1.4 Bn, up from INR 1.3 Bn in 2015.

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Among states, Maharashtra is expected to account for the highest share of the bullet-resistant glass market in India over the forecast period, owing to increasing demand from HNWIs. Delhi is estimated to account for a revenue share of 11.2% by 2016 end, registering y-o-y growth of 9.0% over 2015. Sales of bullet-resistant glass in rest of India—which includes Jammu & Kashmir, Chhattisgarh, Odisha, and Andhra Pradesh—is estimated to be valued at INR 848.3 Mn by 2016 end and is expected to expand at a CAGR of 10.1% over the forecast period.

In 2015, domestic players accounted for 55.2% share of the bullet-resistant glass market in India. Duratuf Glass industries (P) Ltd., Gold Plus Glass Industry Limited, Jeet & Jeet Glass and Chemicals Pvt. Ltd., FG Glass India Pvt. Ltd and Chandra Lakshmi Safety Glass Ltd. are some of the major players in the India bullet-resistant glass market. These players are focusing on providing customized solutions. A common trend observed in the India bullet-resistant glass market is that players are partnering with defense organizations to develop specific products.

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Who are the key players/companies in the global Bismuth market?

 Bismuth Market 2022

China is a significant consumer, producer, and exporter of bismuth, and it is expected that in the near future, China will continue to dominate the world market. Consumption in the area is expected to be driven by the increased usage of bismuth oxide in expanding manufacturing industries. Further market expansion is anticipated to be driven by the rapidly expanding vehicle end-use industry.

In relation to the fundamental stimulants that mold Bismuth Market, an understanding has been provided about the pricing history, volume, value and market share of the product or service. A multitude of potential growth factors, risks, opportunities, constraints, and the threat by new entrants is also mentioned in the report. These dynamics help to get a stronghold of the overall market.

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Increasing environmental regulations regarding lead usage in various end-use industries would drive demand for bismuth and bismuth derived compounds. Stringent regulations and initiatives by leading manufacturers in end-use industries to phase out lead production is expected to spur bismuth market growth. Major paints & coatings manufacturers such as BASF SE and PPG Inc. are actively offering bismuth-based products replacing their lead based portfolio, in order to provide environmentally-friendly product offerings.

The bismuth market in APAC is anticipated to witness higher growth rates due to increasing manufacturing activities in China and India. Demand in Europe is also anticipated to be above average due to stringent lead restricting directives in the region, while demand in North America, Latin America, and MEA is expected to be moderate. Declining lead production due to regulations and declining consumption of lead-acid batteries is anticipated to be a major restricting factor for the global market. The increasing use of bismuth alternatives in pharmaceuticals and alloys is also a major obstacle to market growth.

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Key Companies-

• Hunan Jinwang Bismuth Industry Co. Ltd
• Hunan Bismuth Co. Ltd
• Hunan Shizhuyuan Nonferrous Metals Co., Ltd.
• Hunan Huaxin Rare & Precious Metals Technologies Co., Ltd.
• Hunan YuTeng Nonferrous Metals Co., Ltd.
• Nui Phao Mining Company Limited
• Met-Mex Peñoles, SA de CV
• 5N Plus Inc.

On the basis of regions, the global bismuth market is segmented into key regions, namely, North America, Latin America, Europe, APAC, Middle East and Africa. Asia Pacific is anticipated to be the dominating market in terms of value and volume, over the forecast period.

PMR Long-term Outlook on Global Bismuth Market: The global bismuth market is expected to reach US$ 400.0 Mn expanding at a CAGR of 6.7% during the forecast period (2016–2024). Asia Pacific is anticipated to be the largest market for bismuth, with a market share of 46% in overall sales by the end of 2024.

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Report Highlights:

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

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Where Does the U.S. Stand in the Market for Bromine?

 Bromine Market 2022

This updated survey on the bromine industry has estimated market revenue for 2031 to reach approximately US$ 3.3 Bn. Analysts at Persistence Market Research have predicted the industry to progress at a CAGR of 2.6% in terms of value over the decade.

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Demand will be impeded by growing regulations and legislations, especially in the European Union (EU), where the use of certain brominated flame retardants is banned or restricted.

Flame retardants will continue to remain the largest application segment. Use of bromine in oil and gas drilling will continue its upward momentum in 2021, growing at a moderate rate in terms of volume – the fastest among all the application segments.

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The chemicals industry is anticipated remain the largest consumer of bromine. Use of bromine in the oil and gas sector will also continue to witness steady growth, as clear brine fluids gain traction for drilling purposes.

Demand will be offset by sluggish adoption in the electronics industry, as use of brominated flame retardants continues to face stricter regulations. Demand for bromine from electronics sector is expected to witness a steady growth in 2021 over 2020.

Asia Pacific is expected to remain the largest market for bromine. This is primarily due to expansion of end-use industries such as chemicals, pharmaceuticals, textiles, and electronic in APAC.

Latin America will continue to offer growth opportunities to manufacturers, with global demand witnessing a steady volume growth in 2021 over 2020. Demand is expected face constraints in the mature markets of North America and Western Europe in 2021 as well.

Israel Chemicals Limited, Chemtura Corporation, Albemarle Corporation, Gulf Resources Inc., Tosoh Corporation, Tetra Technologies Inc., Tata Chemicals Limited and Hindustan Salts Limited are the key players in the market.

Top players are continuously focusing on expanding their product offerings, especially in flame retardants segments. Collaborations and joint ventures are key business strategies to develop green brominated flame retardants.

Long-term Outlook: Persistence Market Research projects the global bromine market to witness moderate growth during the forecast period 2021-2031.

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Key Questions Answered in the Bromine Market Report – 

• Which nations are majorly responsible for influencing the demand for bromine?
• What is the predicted value CAGR for the bromine market in North America?
• At what pace did the industry develop over the past 5 years?
• What are the statistics for the top 5 players in the global landscape?
• What is the anticipated volume CAGR for the next ten years?
• Which nations are key producers of bromine?
• What valuation is suggested by this bromine market study for 2031?
• Which factor is expected to propel demand for bromine?

 

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What is the impact of macroeconomic factors on the Protective Coatings market in future?

 Protective Coatings Market: Report Scope

The global protective coatings market is predicted to amass a worth of approximately US$ 55 Bn by the end of the decade. Over the next ten years, sales of protective coatings are expected to exhibit a healthy CAGR of 7%. The U.S., Germany, China, Russia, and Japan are majorly influencing the industry in terms of export.

This latest Persistence Market Research report examines the global protective coatings market for the forecast period 2021-2031. The primary objective of the report is to identify opportunities in the market and present updates and insights, pertaining to various segments of the global protective coatings market.

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Key Companies-

• Akzo Nobel N.V.
• PPG Industries Inc.
• The Sherwin-Williams Company
• The Valspar Corporation
• Jotun
• Hempel Group
• Kansai Paints Co. Ltd.
• Other

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A protective coating is a covering that is applied over a surface to ensure protection from external environment that could damage the function or integrity of an item or part. Protective coatings find application in consumer products as well as in heavy machinery, marine, automotive and oil & gas industry, etc.

Protective coatings are generally classified by their basic resin types such as epoxy, alkyd, acrylic, or polyurethane. However, different blends of resin, pigments, solvents, and additives result in different serviceability and properties of protective coatings.

To understand and assess the opportunities in this market, the report is categorically divided into four sections, namely, technology, resin type, application, and region. The report analyses the global protective coatings market in terms of market value (US$ Mn) and volume (kilotons).

The report begins with an overview of the global protective coatings market, appraising market performance in terms of revenue and volume, followed by Persistence Market Research & analysis of key trends, drivers, and restraints witnessed in the global market.

Key trends specific to different geographies are also included in the report to equip the client with crystal clear decision-making insights.

To calculate the market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional split and market split, by technology, resin type and application, and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates.

The forecast presented in the report assesses the total revenue generated by the global protective coatings market.

When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future.

Given the characteristics of the market, Persistence Market Research triangulates the data via the different analysis based on the supply side, demand side, and dynamics of the protective coatings market.

However, quantifying the market across the abovementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only provides forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.

Another key feature of this report is the analysis of protective coatings market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market.

However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the global protective coatings market.

To understand key segments in terms of their growth and performance in the protective coatings market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global protective coatings market.

In the final section of the report, protective coatings market, the competitive landscape is included to provide a dashboard view of companies that manufacture and supply protective coatings. The report contains company profiles of some of the major players operating in the global protective coatings market.

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Key Questions Answered in This Report – 

• Which nations decisively control the exports of protective coatings?
• Which trends are prevalent in the protective coatings market?
• What is the protective coatings market value in South Korea and Japan?
• In terms of value, what will be the market metrics for 2031?
• How much of the global market share is influenced by the top 5 players?
• How is the protective coatings industry expected to perform over the decade?
• Which nations drive most of the demand for protective coatings?
• At what pace did the market evolve from 2016 to 2020?
• What is the outlook for the Germany market in Europe?

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Graphite Market 2022 Global Demand, Growth, Opportunities, Top Key Players and Forecast to 2031

 Graphite Market 2022

Worldwide sales of graphite reached ~3,100 (‘000 Tons) in 2018, according to a recent report published by PMR on graphite market. According to the study, the graphite market is projected to grow at ~6% CAGR during the forecast period of 2019-2029. Graphite is considered as one of the strongest, thinnest, and stiffest impermeable materials on earth, with good thermal and electrical conductivity, and very high energy efficiency. Commercialization of graphene with application of latest technologies and innovations is expected to lift the graphite market over the stipulated timeframe. The global graphite market was valued at ~US$ 18 Bn in 2018, and is expected to reach ~US$ 39 Bn by the end of the forecast period.

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According to the brief research, China is expected to display remarkable production of graphite in terms of supply, and hold the largest share among all countries across the globe. Besides, the substantial demand for graphite in lithium-ion batteries and increasing demand from the automotive industry, owing to characteristic properties of graphite such as greater energy efficiency, high mechanical strength, and lubrication is expected to bolster the growth of the graphite market.

For instance, In July 2016, Tesla Motors announced setting up of a gigafactory for production of lithium ion batteries to aid production of 500,000 new electric cars by 2020. Around 72,000 tonnes of graphite is expected to be consumed for the same.

Additionally, according to Benchmark Mineral Intelligence—an agency involved in collection and assessment of data related to lithium ion battery supply chain—demand for graphite is expected to increase 200% during 2016–2020.

Graphene Set to Revolutionize Future Tech

The graphite market is a consolidated market due to the presence of several international market players. Industry players have laid their concentration on key developments such as expansion and research & development, to fulfill the increasing demand for graphite generated from end-users across various regions such as APEJ, Europe, North America, etc.

Graphene is a two-dimensional carbon nano material made from graphite and has various revolutionary properties. Graphene has the potential to revolutionize future technologies and influence various industries, including applications in various industries such as plastic & polymer, medical, coating, marine, chemicals, automotive, and construction

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For instance, according to Wall Street, at the end of May 2013, there were 9,218 patents published on graphene. With such large number of patents, a rise in number of graphene products is expected in the near future, in turn, driving the demand for graphite.

As per PMR’s in-depth market analysis, international and regional players in the graphite market are offering high quality and natural graphite with several characteristic properties. This factor will result in substantial growth of the graphite market in the coming years.

China Leads Gains in the Graphite Market

China is the largest producer of graphite, accounting for over 70% of global production. In 2012, China’s Ministry of Industry and Information Technology (MIIT) released a document titled ‘Graphite Industry Access Conditions’ that comprises government plans and regulations on the treatment of graphite. The document considers graphite to be a rare earth mineral and proposes steps to regulate the market. China is likely to hold a prominent share in the graphite market throughout the forecast period.

Presence of leading market players in the country and merger & acquisition of new entrants are key factors pushing the graphite market growth in China.

Graphite Market: Vendor Insights

PMR’s analysis displays innovative insights about the competitive structure of the graphite market and distinguishing methodologies of matured market players. Few of the key players in the market are AMG Advanced Metallurgical Group N.V., Showa Denko K.K., Toyo Tanso Co., Ltd., SGL Carbon SE, Tokai Carbon Co., Graphite India Limited, Nippon Carbon Co Ltd, SEC Carbon, Limited, HEG Limited, GrafTech International Ltd., and Imerys S.A., among others. Furthermore, several major players operating in the graphite market are adopting various strategies related to the demand point of view, from manufacturers and buyers.

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Aerospace Coatings Market 2022 Global Analysis, Growth, Size, Share, Trends, Forecast to 2031

 Aerospace Coatings Market 2022

The approximately US$ 1.5 billion market for aerospace coatings has been projected to observe promising expansion during the next decade. Persistence Market Research delivers key insights on the global aerospace coatings market in its new report titled “Aerospace Coatings Market: Global Industry Analysis 2013–2017 and Market Forecast 2018–2028”. According to the research study, the demand for aerospace coatings will receive strong impetus from the increasing aircraft production and sales, and subsequent growth in aircraft fleet. Attributing to the increasing demand for efficient, lightweight, and advanced aerospace coatings from several airline carriers, the global aerospace coatings market is estimated to create an incremental opportunity of over a billion-dollar between 2018 and 2028.

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Global Aerospace Coatings Market Dynamics

The global aerospace coatings market is directly dependent on the production and sales of aircraft. The higher the demand for new aircraft, the higher the demand for aerospace coatings in the market. The service life of external coatings is estimated to be around five years (depending on the number of hours travelled by the aircraft and the service environment); hence, aircraft need to be entirely recoated over a life span of three to five years. This in turn is estimated to be the key factor driving the growth of the global aerospace coatings MRO sales channel during the forecast period.

For many years, aerospace coatings have contained hexavalent chromium to help protect aircraft from corrosion. However, due to the introduction of environmental regulations, the utilization of hexavalent chromium has been prohibited due to the health and environmental risks associated with it. Thus, manufacturers are developing eco-friendly or chromate-free coatings that protect and preserve the environment, while protecting an aircraft from the damaging effects of corrosion. Growing traction towards chromate-free primers is considered to be an ongoing trend in the global aerospace coatings market during the forecast period.

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Global Aerospace Coatings Market Forecast

With respect to market size and unit sales, owing to the relatively higher production rate of aircraft as well as large aircraft fleet size, North America is expected to account for the dominant share in the global aerospace coatings market throughout the forecast period. North America is expected to be followed by Europe and East Asia.

Furthermore, Middle East and Africa and South Asia regions are estimated to create a modest incremental $ opportunity in the global aerospace coatings market between 2018 and 2028. Latin America and Oceania are expected to grow at moderate rates in the global aerospace coatings market over the forecast period.

On the basis of product type, the topcoat segment is anticipated to account for a prominent value share in the global aerospace coatings market. Polyurethane is estimated to be the preferred material for topcoats. The ceramic coatings segment is also estimated to create significant opportunities in the global aerospace coatings market during the forecast period.

Based on application, the exterior segment is estimated to dominate the global aerospace coatings market, accounting for more than three-fourths of the total market. In terms of volume, the demand for aerospace coatings from the exterior segment was more than 10,900 ‘000 Li in 2018. Moreover, the interior segment is estimated to register higher growth in the years to come, which is attributed to surging strategic attention of manufacturers to aircraft interior.

On the basis of end use, attributing to the increasing air passenger traffic, the commercial segment is estimated to dominate the global aerospace coatings market throughout the forecast period. The large fleet size of general and business aviation aircraft around the globe is estimated to create significant opportunities for maintenance, repair, and overhaul (MRO) sales channel segment during the forecast period.

Global Aerospace Coatings Market: Competitive Landscape

Some of the key players in the aerospace coatings market included in this study are The Sherwin Williams Company, PPG Industries Inc., Akzo Nobel N.V., Henkel AG & Co. KGaA, BASF SE, Axalta Coating Systems Ltd., Compagnie de Saint-Gobain S.A., Zircotec, Master Bond Inc., and APV Engineered Coatings, among others.

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Polyvinyl Chloride Market Report: Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecast to 2031

 Polyvinyl Chloride Market

According to PMR, the global polyvinyl chloride market is expected to exhibit a 4.0% CAGR in the course of the forecast period. The global polyvinyl chloride market is projected to cross a valuation of US$ 91,811 Mn by 2026 end.

During the projected period, the worldwide polyvinyl chloride market is anticipated to develop as a result of digital stimulation. In other words, it is anticipated to grow at a 4% CAGR, eventually reaching US$ 91,811 Mn. In the chemical vertical, mechanical recycling of product offerings will be crucial. Green technologies would therefore be the game-changer, even on a commercial level. This would be the chemical vertical’s commercial behaviour.

Polyvinyl chloride (PVC) is the third-most widely produced polymer, after polyethylene and polypropylene. PVC is one the most widely used plastics and is produced by polymerization of the monomer vinyl chloride. PVC has an amorphous structure with polar chlorine atoms and has fire retardant properties and oil/chemical resistance. PVC is widely used in construction, packaging, automotive and electrical industries due to the various properties such as light weight, good mechanical strength, abrasion resistance and toughness associated with it. PVC can be bifurcated into two basic forms: rigid and flexible. The rigid form of PVC can be used in manufacturing of pipes, doors and windows and plastic bottles. The flexible form of PVC can be used in plumbing, electrical cable insulation, imitation leather and signage.

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Polyvinyl Chloride Market Segmented By Rigid, Flexible Product in Construction, Automotive, Packaging, Electrical and Electronics, Consumer Goods for Pipes and Fittings, Profiles and Tubes, Films and Sheets, Cables, Bottles

On the basis of product type, PVC market is classified as wire and cable, pipes and fittings, bottles and others. Based on the application, PVC market is divided into two segments: rigid polyvinyl chloride and flexible polyvinyl chloride. The PVC market is also segmented on the basis of their end-users: automotive, electrical, construction, packaging and others.

Asia Pacific is the largest market for PVC market accounting for more than 50% of the global PVC market. Asia Pacific region is expected to show a good growth rate over a forecasted period due to high growth potential of building and construction industry. China represents the largest market for PVC in the Asia Pacific region. Europe is the second largest market for PVC, followed by North America. The market of Polyvinyl chloride (PVC) is expected to witness a double digit growth rate in the coming years. Some of the major drivers contributing the overall market growth of Polyvinyl chloride (PVC) market include high growth in the building and construction sector, high growth in the automobile industry and growing medical devices.

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Some of the major restraints for PVC market include increasing competition from steel and concrete pipes and prohibited use of PVC in the construction of green building. Some of the major companies operating in the PVC market include Occidental Petroleum Corporation, Solvay S.A., Shin-Etsu Chemical Co. Ltd., Formosa Plastics Group, Ineos Chlorvinyls Ltd, Xinjiang Zhongtai Chemical Co. Ltd., Mexichem S.A.B., KEM one and Axiall Corporation.

Key points covered in the report

Report segments the market on the basis of types, application, products, technology, etc (as applicable)

• The report covers geographic segmentation
  • North America
  • Europe
  • Asia
  • RoW
• The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
• The report provides company profiles of some of the leading companies operating in the market
• The report also provides porters five forces analysis of the market.

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What are the key factors driving the global Construction Aggregates Market?

 Construction Aggregates Market 2022

The global construction aggregates market is currently valued at over US$ 344 Bn. Sales of construction aggregates are projected to increase at 6.8% CAGR and be valued at over US$ 664 Bn by 2031. The market is projected to be driven by rapid expansion of the construction sector, notably in emerging nations in Asia Pacific. Demand for construction aggregates is also increasing for commercial & residential construction work across major markets, and is being driven by increased activity in the refurbishment and renovation sector across the world.

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Furthermore, macroeconomic factors such as urbanization and industrialization will continue to generate significant demand. Increased tourism, and expanding need for modern workplaces, malls, and commercial buildings demand a large supply of construction aggregates, while a booming residential construction industry also helps propel demand.

Rising focus of governments of major economies on the expansion of transportation facilities and strengthening of power generation infrastructure, coupled with increased innovation in aggregate production methods aimed at boosting the efficiency of the manufacturing process and productivity, while maintaining high product quality, is projected to fuel demand growth of construction aggregates.

Competitive Landscape

The global construction aggregates industry has been identified as a significantly fragmented market due to the presence of a number of key local and regional players.

Some leading players included in the report, such as

 

are anticipated to create a competitive environment at the global level.

Key players are emphasizing on expanding their regional market share and are stablishing direct presence in local markets through mergers and acquisitions with regional players, as well as increasing their focus on acquiring stone quarries near potential high-demand locations

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Key Takeaways – Global Construction Aggregates Market

• Aggregate recycling is gaining prominence since it conserves natural resources and avoids the need for disposal with the use of readily accessible conventional aggregates in concrete and other applications.
• Crushed stone construction aggregates are in great demand and are mainly utilized as a base or sub-base material in nearly all sorts of structures, including concrete and paving blocks for driveways, sidewalks, patios, office buildings, houses, and paved roads.
• Infrastructure sector is expected to dominate the market due to the development of large-scale infrastructural projects in developing economies of Asia Pacific as well as in North America and Europe.
• Substantial urbanization is projected to occur in countries such as India and Southeast Asian nations over the next decade, which would help drive the construction industry, and, in turn, also benefit construction aggregate manufacturers.
• Owing to rising construction aggregate demand, key players are boosting investments to enhance production capacity and focusing on increasing their regional market share through mergers and acquisitions with regional players.
• Increase in focus on the innovation of green construction materials such as recyclable aggregates coupled with innovation in technologies required for the production of construction aggregates are key opportunities for growth in the global market of construction aggregates.

“Growing urbanization coupled with development of large-scale infrastructural projects in developing economies are expected to drive demand for construction aggregates,” says a Persistence Market Research analyst.

Conclusion

The global construction aggregates market is expected to grow substantially owing to increasing infrastructure investments in developing regions. Further, with growing urban population, there is increased government support for residential projects for affordable urban housing, which further stimulates demand for construction aggregates.

Owing to the spread of COVID-19, factors such as lockdown and restrictions, loss of investment plans, as well as a variety of other issues such as supply chain disruption, shortages of subcontractors and materials, and contract terminations to save costs impacted the sales of construction aggregates.

However, continuing spending on infrastructure development, increasing demand for residential & commercial construction, and development of smart and recyclable aggregates are likely to act as an opportunity for market players to grow in the future.

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About us: 

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

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What are the key driving factors for the growth of the Float Glass Market?

 Float Glass Market

Significant acceleration in construction activities, followed by developing automobile and solar power sectors, will drive the demand for float glass in the forecast period (2019-2029). The global float glass market was valued at US$ 100 Bn in 2018 and is projected to exhibit a robust CAGR during the forecast period. The global float glass market growth is predominantly shaped by building and construction, automobile, and solar power industries, owing to extensive usage of float glass products in these industries. Around 20% use of recycled glass in manufacturing of float glass makes it viable and economical for production, resulting in gradual push from supply side of the market.

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Key Takeaways

• End-use industry players such as building and construction seek more sustainable products to develop new creative structures in line with the industry standards as well as government rules and regulations.
• Clear type float glass is expected to be highly preferred over other categories such as tinted and wired, given its low installation cost.
• New float glass is equipped with adequate energy-efficient glazing technologies, offering insulation against the cold and avoiding over-heating in hot and warm conditions. This new glazing technology is a key factor that will positively impact the growth of the global float glass market.
• Rising need to curb emission levels is likely to drive solar PV glass usage in the solar power sector, along with the automobile sector.
• East Asia is projected to be a prominent regional market for float glass owing to the growing construction, automotive, and solar sectors, especially in China. Moreover, growing government tie-ups with private organizations to initiate multiple new solar power projects in Thailand and India are anticipated to amplify the demand for float glass in South Asia.
• Top manufacturers are recycling base glass for manufacturing new float glass, which will result into minimized usage of raw materials. It will also lead to reduced carbon dioxide emissions into the atmosphere and is expected to remain a prominent trend among float glass manufacturers.

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Growing Emphasis on Aftersales Services

The global float glass market is fairly fragmented, with smaller manufacturers offering identical products. Moreover, the increasing number of players in the float glass market has been driving the manufacturers to incorporate forward integration in terms of services, by offering installation, product consultancy and after sales support. This will help the build-up of existing market base, which will result in occupying the growing aftermarket client base. Growing focus on providing aftersales services will be the winning strategy for manufacturers. Some of the key participants with a substantial market share in the float glass market report are AGC Inc., LTD, Nippon Sheet Glass Co., Ltd.

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What is the impact of macroeconomic factors on the Cold Insulation Materials market in future?

 The global cold insulation materials market is anticipated to witness a high growth rate of 6.2% between 2022 and 2032. Market growth is mainly attributed to growing demand from the oil & gas and chemical sectors.

Insulation materials are materials or a combination of two or more materials that can be used to prevent heat gain or loss and thus conserve energy. Cold insulation is typically used at temperatures ranging from -275°C to 15°C. Cold insulation material is used in a variety of applications such as refrigeration, HVAC, oil & gas, and chemicals. During the forecast period, rising concerns about greenhouse gas emissions are expected to fuel market growth. Market expansion is being supplemented by government assistance to improve the energy efficiency of public infrastructure.

Cold insulation materials such as phenolic foams, fibreglass, polystyrene foams, and polyurethane foams are expected to rise in tandem with rising disposable income and demand for air conditioning & refrigeration equipment in emerging markets. Rising demand for cryogenic equipment in the oil & gas industry is expected to fuel the demand for cryogenic insulation materials, boosting global market growth.

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Demand for cold insulation materials with low carbon footprints is being further stimulated by the growing use of various cryogenic gases such as liquefied petroleum gas (LPG) and liquefied natural gas (LNG).

Key Takeaways from Market Study

• The global market for cold insulation materials is estimated to reach a value of US$ 12.65 Bn by the end of 2032.
• The polyurethane foam segment is estimated to witness a CAGR of 6.3% during the assessment period.
• Oil & gas is estimated to remain a key application of cold insulation materials and exhibit a growth rate of 5.9% during the forecast period.
• The North American market is anticipated to create an incremental dollar opportunity of US$ 1.32 Bn by 2032.
• By insulation type, the cellular segment is anticipated to expand at a CAGR of 6.3% over the decade.

“Key market participants are investing a fair share of their revenue in research & development and focusing on collaborations & expansions to boost their global footprint,” says a Persistence Market Research analyst.

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Competitive Landscape

The cold insulation materials market is somewhat consolidated, with only a few players dominating and controlling a majority of the market. Along with this, there are some medium- and small-scale players in the market who are keeping the market competitive.

Some of the key market players included in the report are BASF SE, Huntsman International LLC, Armacell International S.A., CertainTeed Corporation, Arabian Fiberglass Insulation Co., Ltd., Evonik Industries, The Dow Chemical Company, Fletcher Insulation Group, Kingspan Group PLC, Johns Manville Corporation, Knauf Insulation Inc., Owens Corning, Rockwool International A/S, and Aspen Aerogels Inc.

Conclusion

Rising demand for cryogenic equipment in the oil & gas industry is expected to fuel the demand for cryogenic insulation materials over the decade. In terms of customer base, innovation, and geopolitical conditions, East Asia and South Asia Pacific are vastly different. Due to the sheer growing end-use sectors, the cold insulation materials markets in India, China, and ASEAN countries are expected to gain traction over the years to come.

More Valuable Insights Available

Persistence Market Research, a research and consulting firm, has published a new market research report on the global cold insulation materials market that contains an industry analysis of 2017–2021 and an opportunity assessment for 2022–2032.

The report provides an in-depth analysis of the market through different segments, namely, material type, insulation type, application, and region. The report also provides supply and demand trends along with an overview of the parent market.

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What are the key market drivers in the Cold Plasma Market?

 Cold Plasma Market 2022

With the advancing electronics and semiconductors industry, the demand for cold plasma (CP) has been on the rise. While the demand for applications such as coating and finishing, surface treatment, adhesion, and etching, associated with printed circuit boards (PCBs) is soaring, the market for cold plasma is also expected to benefit from a slew of applications arising in other end use industries. Moreover, increasing applications in food safety will also push the market for cold plasma further, over the next few years.

As depicted in a recent research report published by Persistence Market Research (PMR), the US$ 1.4 Bn global cold plasma market is presumed to observe stellar growth over an eight-year projection period. Between 2018 and 2026, the cold plasma market will possibly expand at a CAGR of 16.3%,as indicated by PMR’s global cold plasma market report

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The potential applications of cold plasma technology traverse a wide range, including the extension of product shelf-life and environmental sustainability. Such applications have been attracting the scientific community towards cold plasma research, over the years. The CP technique has already been proven to be an economic and environment-friendly technology in the textile industry. Textile companies are increasingly adopting cold plasma technique in an effort to deliver improved textile finishing.

Cold Plasma Technology Soon to Transform Wound Treatment Space

While cold plasma applications in sterilization and disinfection are currently accounting for maximum revenue in the cold plasma market, rapidly emerging applications in wound healing and adhesion will reportedly create lucrative opportunities for stakeholders.

Coldplasmatech GmbH, a German company, is looking forward to introduce a novel CP technology that could potentially revolutionize the wound care treatment platform, especially in emergency rooms in hospitals. The CP technology involves a patch of cold plasma made of silicone (as a part of the wound dressing), which can be used in treatment of chronic wound infections with the help of UV radiations and ions. This technology is presumed to provide a high-tech, efficient alternative to antibiotics, considering its ability to accelerate the wound healing process. If the trials based on the application of the cold plasma technology in faster wound healing deliver convincing and viable results, industry experts predict that the CP technology could become a widespread method for treatment of chronic wounds and infection, in near future.

Rising Green Space Initiatives to Boost Demand for Gardening and Agriculture Equipment

As environmental concerns are growing and diet-related problems area increasing, governments and development partners are extensively promoting school gardening. About 12,000 schools and other educational institutions have signed up to grow school gardens. Gardening has also been added to school curriculums with an aim to promote gardening as an activity. The RHS campaign in Europe provides support and encourages institutions to promote school gardening. Institutes, such as Cambridge Primary, and Milford Pre-School, among others, have registered for school gardening campaigns and companies, such as Fisker Inc., Husqvarna Group and others, are developing gardening tools especially designed for children.

Moreover, the trend of urban green spaces is also supporting the growth of the market. Urban green spaces are those spaces in the city which are covered by vegetation or other soft and permeable surfaces. The interest in urban and green spaces seems to be rising and many cities are giving trials to innovative ways to introduce urban greenery into the cities. Cities are generating greener spaces to create more calm and environment-friendly places.

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Cold Plasma Technology to Win Preference over Conventional Processing Technologies

Among all end use industries generating demand for cold plasma, electronics and semiconductors are foreseen to reign supreme. Whereas, rising demand for cold plasma is expected to uplift the prospects for cold plasma in food processing and packaging, and plastics and polymers industries.

Advanced cold plasma technology is being widely used in the in-package decontamination of fresh foods. Shelf-life extension will also remain a key objective of fresh food industry participants, using cold plasma as a unit technology. With successful trials of the regulation of contaminants mediated by cold plasma, the applications of cold plasma in agriculture sector are expected to surge in near future. Additionally, research shows that it is possible to degrade the chemical residues of pesticides to relatively lesser toxic and safer structures, by using cold plasma. It also offers an excellent alternative to conventional fertilizers and pesticides.

As far as the processed and packaged food industry is concerned, cold plasma has been proven to hold immense potential as a safe and eco-friendly alternative to traditionally used chemical processes. Moreover, it is considered as a novel non-thermal technology for processing of foods, especially fruits and vegetables, and poultry and meat – prominently attributed to the non-thermal nature, versatile design, and economic pricing of cold plasma. Research findings also confirm that cold plasma treatment poses no or minimal impact on a product’s chemical, physical, sensory, and nutritional attributes. However, it still remains to be seen whether cold plasma processing will completely replace the traditionally used processing technologies,as the research outcome is still in the pipeline and demands more extensive research in order to reach its potential.

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Who are the key manufacturers in Alkyl Polyglucoside Surfactants Market space?

 Alkyl Polyglucoside Surfactants Market 2022

The global alkyl polyglucoside surfactant market revenue has been valuated at around US$ 902 Mn in 2018 end and is projected to exceed US$ 1 Bn by the end of 2028 and register a 6.8% CAGR over the period of 2018 to 2028.

Alkyl Polyglucoside Surfactants are derived from natural raw materials such as glucose and sucrose. These surfactants are environment friendly and biodegradable, owing to which they are gaining popularity among consumers for use in various end-use industries. Alkyl Polyglucoside Surfactants impart excellent foam characteristics along with superior wetting and detergency properties as compared to conventional anionic, cationic, and non-ionic surfactants. They are also used in formulating green cleaning products that can be utilized for household as well as institutional purposes

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In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of the study of Alkyl Polyglucoside Surfactants Market gives a proper idea of the market present scenario so that each and every enterprise or manufacturer will not experience the issues that occur due to the lack of information.

PMR’s recently published market report titled “Alkyl Polyglucoside Surfactant Market: global industry analysis 2013–2017 and Forecast 2018–2028,” examines the alkyl polyglucoside surfactant market and provides crucial insights pertaining to the market. This report provides an overall assessment of the global alkyl polyglucoside surfactant market through segmentation on the basis of different primary functions and applications.

Key Companies-

• DowDupont
• Croda International Plc
• Huntsman Corporation
• Shanghai Fine Chemical Co., Ltd
• Pilot Chemical Company
• Galaxy Surfactants
• SEPPIC S.A.
• LG Hosehold & Healthcare Ltd
• Other

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Growing Demand for Biodegradable & Eco-Friendly Alternatives in Europe & North America to Drive Market Growth

In the recent past, there has been a significant rise in the demand for home care and personal care products in developed as well as developing regions. This growth in demand can be attributed to the changing living standards and growing per capita income and spending around the globe. This growth in the demand for home care and personal care products is expected to, in turn, drive the market for raw materials such as alkyl polyglucoside surfactants, chemical intermediates and other additives. Moreover, the increasing demand for biodegradable and eco-friendly alternatives in Europe and North America is expected to drive the alkyl polyglucoside market during the forecast period.

Stringent government regulations pertaining to the manufacturing of products and maintenance of hygiene and safety standards in food, pharmaceutical and biotechnology industries are expected to drive the demand for surface disinfectant chemicals and subsequently, that for alkyl polyglucoside surfactants. In the recent past, the demand for construction chemicals has been significantly high in developing and developed regions, owing to the significant rise in construction activities across infrastructure and commercial sectors. Being a concrete admixture, the demand for alkyl polyglucoside surfactants is expected to increase alongside the growth of the construction chemicals market during the forecast period. Apart from this, the availability of alternative products in the market is expected to hamper the growth of the alkyl polyglucoside surfactant market.

Home Care, Industrial & Institutional Cleaning Chemicals, and Personal Care Applications to Drive Demand for Alkyl Polyglucoside Surfactants

The global alkyl polyglucoside surfactant market is estimated to witness healthy growth, owing to the rising demand from home care, industrial & institutional cleaning chemicals, and personal care applications. Among the segments by primary function, the cleansing agent segment is estimated to gain traction in terms of demand over the forecast period.
On the basis of application, home care and cleaning chemical segments are estimated to grow at significant CAGRs of 6.0% and 5.7%, respectively, over the forecast period.

South Asia to Remain a High Value-High Volume Market through 2028

The China alkyl polyglucoside surfactant market is projected to hold a prominent share, in terms of both demand and supply, during the forecast period. Significant growth of the manufacturing industry in the region is expected to drive the demand for alkyl polyglucoside surfactants.

South Asia’s alkyl polyglucoside surfactant market is estimated to remain a high value-high volume market throughout the forecast period. North America and Europe alkyl polyglucoside surfactant markets are estimated to register steady growth over the forecast period. India and ASEAN countries are also expected to remain lucrative markets during the assessment period.

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Major Highlights of Alkyl Polyglucoside Surfactants Market Report:

• Alkyl Polyglucoside Surfactants Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
• The report dives deeper into the market and explains the dynamic factors bolstering market growth.
• The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
• The report analyzes Alkyl Polyglucoside Surfactants Market presence across major regions of the world.
• It determines the production & consumption capacities and demand & supply dynamics of each regional market.
• The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
• It provides company overview and SWOT analysis of each of the market players.

 

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Polytrimethylene Terephthalate Global Market 2022 Analysis of Production, Future Demand, Sales and Consumption Research Report to 2031

 Polytrimethylene Terephthalate Market 2022

Polytrimethylene Terephthalate Market Segmented By Type (Bio-based Polytrimethylene Terephthalate, Petroleum-based Polytrimethylene Terephthalate), Application (Polytrimethylene Terephthalate by Film Materials, Polytrimethylene Terephthalate by Fiber - Carpet Fabric | Automotive Fabric | Apparels | Engineering Plastics).

The global polytrimethylene terephthalate market has a market value of US$ 948.44 million in 2022 and is anticipated to grow at a CAGR of 5.5% from 2022 to 2032 to reach a market value of US$ 1620 million. The use of polytrimethylene terephthalate in a variety of end-user industries can be linked to the market's expansion. In the historical period of 2016–2021, the market for polytrimethylene terephthalate recorded a CAGR of 4%.

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Polytrimethylene Terephthalate (PTMT) is a polymer made from the esters of terephthalic acid and ethylene glycol. It is a thermoplastic engineering resin that is used in fiber, film, sheet, and molded parts. Polytrimethylene Terephthalate has excellent optical properties and can be produced as both clear and colorless products.

Polytrimethylene Terephthalate Market is segmented on the basis of product type, application, end-use industry, and region.

The Polytrimethylene Terethalate market has been witnessing steady growth over the past few years on account of growing demand from various end-use industries such as automotive & transportation, packaging, electrical & electronics, and construction. Asia Pacific dominates the global Polytrimethylene Terephthalate market in terms of production and consumption owing to high population density coupled with rising disposable income levels in countries such as China and India.

Key Players- 

• DuPont
• Huvis Corp.
• Zhangjiagang Glory Chemical Industry Co. Ltd.
• RTP Company and more

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What are the Prevailing Opportunities in the Polytrimethylene Terephthalate Market?

Government actions and rising plastics production are causing polytrimethylene terephthalate to expand.

Recent government measures and spending on the construction of PTT manufacturing facilities have opened up chances for investors and are expected to increase the nation's production. This is then anticipated to have a favourable effect on product demand in the United States.

Due to the rising demand from the textile industry, the U.S. is predicted to lead the market over the projection period. Additionally, PTT is used in a wide range of U.S. end-use industries, including the automotive, medical, and many others. It is projected that growing demand for polytrimethylene terephthalate-based materials will spread to a range of other applications, including film and fibre materials.

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3D Printing Metal Market 2022 Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast 2031

 3D Printing Metal Market 2022

3D Printing Metal Market Segmented by Production Process - Powder Bed Fusion | Directed Energy Deposition | Material Jetting | Binder Jetting | Metal Extrusion | Photo Polymerization.

The global 3D printing metal market is anticipated to grow at an astounding CAGR of 21.4% over the following ten years, from a value of US$ 422.9 Mn in 2022 to US$ 2.95 Bn by 2032, according to Persistence Industry Research's most recent market estimations.

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3D printing is a process of creating three-dimensional objects from a digital model. The 3D printing technology has evolved rapidly in the past few years with the increase in demand for 3D printing metal market. 3D printers use various metals, plastics, alloys, and composites to produce physical 3D objects from a 3D model or design. The 3D printing technology is used in various industries such as automotive, aerospace, medical, dental, jewelry, and architecture. The 3D printing metal market is expected to grow at a high rate during the forecast period.

On the market for metal powder, 3D printing makes up about 5% of the market. High-precision and lightweight components are currently in high demand across a wide range of end-use industries. The automobile and aerospace sectors are looking for lightweight components to give customers fuel-efficient options. Such lightweight components cannot be produced using conventional manufacturing techniques with the level of precision required by these end-use sectors. As a result, there is a growing need for metals for 3D printing on a global scale.

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Key Companies-

• Sandvik AB
• ATI Powder Metals
• Advanced Metallurgical Group
• Rio Tinto
• American Axle & Manufacturing, Inc.
• Carpenter Powered Products
• Showa Denko Materials
• GKN PLC and more

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Global Industrial Vending Machine Market 2022 Consumption Volume, Value, Sale Price, Import & Export Report Forecast 2031

 Industrial Vending Machine Market 2022

Industrial Vending Machine Market Segmentation by Type (Carousel Vending Machine, Coil Vending Machine, Cabinet Vending Machine), Product (MRO Tools, PPE and Others), End User (Manufacturing, Oil & Gas, Construction, Aerospace), in North America, Europe, Asia Pacific, Middle East & Africa Region

The total market value for industrial vending machines was projected to be around US$ 2.8 billion in the current year, 2022, and it is anticipated to increase at an excellent pace of 9.5% during the forecast years encompassing 2022 to 2032. According to the Industrial Vending Machine Market Analysis Report published by PMR, the total net worth of sales is anticipated to reach close to US$ 7 Billion by 2032.

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As small and medium businesses now more than ever adopt such industrial products to expand their businesses, it is anticipated that the global and regional markets for industrial vending machines will grow significantly during the forecast years. It is anticipated that the deployment of this product will increase over the next few years and boost the market's key trends and opportunities due to the cost-effectiveness of supply vending machines and equipment, which enable businesses to increase their income.

Companies

• Fuji Electric Co., Ltd.
• Royal Vendors, Inc.
• Crane Merchandising Systems
• Sanden Holdings Corporation
• Lone Star Funds
• Seaga
• FAS International S.p.A.
• Rhea Vendors Group Spa
• Azkoyen Group
• Sielaff GmbH & Co. KG and more

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What are the Factors Hampering the Global Industrial Vending Machine Market?

Due to the high equipment cost, including cutting and drilling tools and PPE, the industrial gumbali machine market reach has only remained restricted in the advanced and large industrial economies. For many businesses, especially small ones, the high installation and maintenance costs of this product may provide difficulty and a constraint for the emergence of new players as well.

However, the high cost of industrial luxury vending machines is predicted to be covered by the rental income model as the market ages. Additionally, similar to other industries, this market can also experience production delays as a result of problems with the availability of raw materials brought on by supply chain disruption.

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Global Compact Electric Construction Equipment Market 2022 Segmentation, Demand, Growth, Trend, Opportunity and Forecast to 2031

 Compact Electric Construction Equipment Market 2022

In the years from 2022 to 2032, the market for compact electric construction equipment is projected to grow at a CAGR of 13% from its current value of around US$ 52.4 billion in 2022. The market as a whole is anticipated to have a net worth of US$ 177.8 Bn by the end of this forecast period in 2032.

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The growth in sales of compact electric construction equipment over the past few years has been attributed to a number of causes, including a significant increase in construction activity worldwide and stringent environmental regulations. The market for compact electric construction equipment has been growing significantly in recent years due to the rising demand for public infrastructure, easily accessible buildings, and rising costs associated with industrial expansion operations in urban areas.

Companies

• Caterpillar
• JCB
• HAULOTTE GROUP
• Wacker Neuson SE
• Toyota Motor Corporation
• Hyster-Yale Group, Inc.
• SANY Group
• Volvo CE
• Hyundai CE
• Bobcat

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Compact Electric Construction Equipment Market Manufacturers 
Compact Electric Construction Equipment Market Distributors/Traders/Wholesalers 
Compact Electric Construction Equipment Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Catamaran Market 2022 – Global Sales, Price, Revenue, Gross Margin and Market Share

 Catamaran Market 2022

Catamaran Market By Product (Sailing Catamarans, Power Catamarans), By Size (Small, Medium, Large), By Application (Sport, Leisure, Transport), and By Region

The market for catamaran was estimated at US$ 1.4 billion in 2021, and from 2022 to 2032, it is anticipated to increase at a compound annual growth rate (CAGR) of 6.3%.

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The expansion of the sector is being fueled by a variety of factors, including rising cruising and racing events and rising disposable money among the populace. Catamarans offer excellent comfort. They have a lot more space than monohulls, thus the cockpit and living area between the two hulls are spacious enough.

This is especially important while travelling between several distant locations. Due to booming marine tourism and consumer preference for opulent travel, the market is growing at an incredible rate.

Companies

• African Cats.
• Bavaria Catamarans
• Beneteau Group
• CATATHAI
• Fountaine Pajot Catamarans
• Leopard Catamarans
• NAUTITECH
• Outremer Yachting
• Seawind
• Voyage

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Competitive Landscape

Top companies in the Catamaran market are focusing on advancing their research and fast-tracking the development of new Catamaran to launch new products and gain a competitive advantage over other market players.

Major players are channelling efforts toward expanding their production capacities to strengthen their market share and cater to the growing demand for fatty amides. Market expansion is anticipated to be aided by the growing number of partnerships and collaborations among key players that are looking to increase their presence in the market.

• In October 2021, Groupe Beneteau announced that it had acquired STARFISHER, a shipyard in Portugal, which became GB PORTUGAL, which will help them to strengthen the capacity of production for 25 to 35-foot power boats by setting itself up in Portugal.
• In January 2022, the Martini 7.0, a 165-foot catamaran yacht, featuring unique technology that gives passengers seasickness treatment, was presented by Servo Yachts. The Martini 7.0, created in partnership with the U.K.-based company Shuttleworth Design, has novel marine stabilization techniques that allow the yacht to glide more softly across the water, eliminating the kind of motion that often causes guests to get seasick

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Why Will Belgium Outpace Other European Markets for Automotive Brake System Market?

 Automotive Brake System Market 2022

The automotive brake system market is anticipated to be worth more than US$ 25 billion by the end of 2024. The global automotive brake system is expected to be achieved with the help of an impressive CAGR of 5.7% over the course of the given forecast period of 2017 to 2024.

The study of market analysis of Automotive Brake System Market focuses on the key elements and the market dynamics of a specific market within that industry. Automotive Brake System Market study is an essential part of the industry analysis that focuses on the aspects associated with the SWOT analysis. The survey report analyses the elements, such as the strengths, weaknesses, opportunities, and threats of every individual manufacturing company.

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The automotive brake system market is projected to witness a significant growth during the time of given forecast period due the automotive industry is predicted to have a very bright future in the coming years in both emerging and developed economies. Increasing concerns about the safety have enforced governments all across to lay to strict guidelines associated with safety vehicular norms is also expected to drive the growth of the market. Ever growing population coupled with changing standards of living in the middle class with an increasing spending power have made it comparatively easy to own personal vehicles in the developing countries.

A higher requirement for passenger cars is naturally advantageous for the global automotive brake system market. In addition to this, the concerns over the safety of customers, the governments all across the globe have imposed strict regulations related to the safety of the vehicle and mandates to enhance the overall efficiency and safety of the vehicles. Moreover, new advancements in technology such as ABS and regenerative braking are also expected to fuel the all-round development of the global automotive brake system market.

The overall growth of the global automotive brake system is expected to be achieved with the help of an impressive CAGR of 5.7% over the course of the given forecast period of 2017 to 2024. The overall revenue of the global automotive brake system market is expected to reach a figure worth US$25 bn by the end of the given forecast period.

Key Companies- 

Some of the key players in the global market for automotive brake system include names such as ZF Friedrichshafen AG, Wabco Holdings Inc., Robert Bosch GmbH, Mando Corporation, Continental AG, Knorr-Bremse AG, Brembo SpA, Akebono Brake Industry, and Aisin Seiki among others.

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In terms of types of brakes the global market for automotive can be segmented into drum brakes and disc brakes. The segment of disc brakes has relatively larger share in the global automotive brake system market in the years 2017 and is estimated to reach an overall valuation of US$14 billion over the course of the given forecast period of 2017 to 2024. Nonetheless, the growth rate for the segment of drum brakes is expected to be on the rise in the coming years. The key shareholders of the global market for automotive brake system are advised to consider this possibility while devising strategies for long term. Europe accounts for the biggest contribution from a regional standpoint in the segment of drum brakes and the players in the market are advised to concentrate their efforts on this continent with lucrative opportunities for a good return on their investments.

The segment of OEM has a revenue share of nearly fourth-fifth in terms of sales channel in the global market for automotive brake systems and is well placed to leverage the market conditions in the coming years of the forecast period. Thus, it is vital segment that the players in the global market cannot afford to avoid. The OEM segment is projected to experience an impressive CAGR of 5.5% over the course of the given forecast period of 2017 to 2022. The aftermarket sector is comparatively much smaller and consists the share of balance revenue in the global automotive brake systems market by the segment of sales channel. Along with the market in Europe, the key players in the global market should try to focus on Asia Pacific except Japan or North America, as both the regions are evaluated to have overall market valuations worth billions of dollars by the end of the given forecast period.

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Key Questions Answered in the Automotive Brake System Market Report

How is the Automotive Brake System market expected to grow over the projected period?

What direction is the Automotive Brake System market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Automotive Brake System market in future?

What are the key market drivers in the Automotive Brake System market?

What are significant opportunities and improvement areas for Automotive Brake System manufacturers?

What are the key developments and trends taking over the Automotive Brake System market?

Which are the emerging countries that are expected to create significant growth opportunities in the Automotive Brake System market?

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What Is the Outlook for Automotive Heat Shield Market Manufacturers in China?

 The market for automotive heat shield is significantly fragmented, and characterized based on the number of regional players. In terms of value, the global automotive heat shield market is projected to register a steady expansion at 5.5% CAGR by 2025, according to a recent report by Persistence Market Research (PMR).

The market will account for revenues worth US$ 9,711.7 Mn; by 2025 it is estimated to reach nearly US$ 15,000 Mn.

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Asia Pacific will Continue to be the Largest Market for Automotive Heat Shield

Asia Pacific (APAC) will continue to be the largest market for the automotive heat shield, with sales estimated to exhibit the highest CAGR through 2025, in terms of volume. Various guidelines issued by the regulatory authorities have compelled the OEMs in developing products that are compatible with the present regulatory environment.

Demand for lower carbon emissions by these regulations have increased the focus of manufacturers to minimize engine sizes by reducing the number of cylinders. In addition, increasing penetration of turbochargers equipped with heat shield into spark ignition and compression ignition engines has been witnessed, for maintaining the output power of these engines. The aforementioned factors are expected to drive growth of the automotive heat shield market in APAC.

However, the presence of a large number of tier II and tier III players in APAC are increasingly investing in new products and technologies which are unaffordable. This is anticipated to incur challenges for existing players and restrain them from adopting new technologies, which in turn will impede growth of the market in APAC.

Increasing Sales of High-Performance Cars to Drive Market Growth in Europe

In Europe, a growth of the automotive heat shield market has surged significantly, which is attributed to increasing sales of high-performance cars in both aftermarket and OEM. These high-performance cars require effective heat shield solutions for safety purpose.

Automotive heat shields play a critical role in preventing heat generated by increasing power and speed of luxurious cars, and sports cars. These factors are expected to fuel the growth of the market in Europe. In terms of volume, Europe is expected to be the second largest market for the automotive heat shield, with sales pegged to reach nearly 400 Mn units by 2025-end.

Although single shell heat shield will remain preferred among products, sales of sandwich heat shield are expected to exhibit the fastest growth in the market, in terms of volume. In addition, sales of double shell heat shield will remain comparatively higher than sandwich heat shield. Based on material type, sales of non-metallic heat shield is expected to register 5.3% CAGR through 2025. Non-metallic heat shield will remain dominant in the market.

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Automotive Heat Shields to Witness Largest Application in Engine Compartment of Automobiles

In terms of volume, automotive heat shields will witness largest application in engine compartment of automobiles, followed by exhaust system. However, sales of automotive heat shield in under chassis application will remain sluggish during the forecast period. By vehicle type, passenger cars will remain sought-after in the global automotive heat shield market, in terms of volume. In addition, sales of automotive heat shield in LCVs and HCVs will collectively account for 370 Mn units, the former being more lucrative than the latter.

OEM will continue to be the largest sales channel for automotive heat shield in the global market, with sales pegged to reach nearly 14,000 Mn units by 2025-end. However, sales of automotive heat shield in aftermarket will exhibit the highest CAGR through 2025.

Key Players

Key market players identified in PMR’s report include Federal-Mogul Corporation, Progress-Werk Oberkirch AG, Dana Holding Corporation, Talbros Automotive Components Ltd., ElringKlinger AG, Sumitomo Riko Company Limited, LYDALL INC, Morgan Advanced Materials Plc., AUTONEUM HOLDING AG., Carcoustics International GmbH, Datsons Engineering Works Private Limited, J&S GmbH Automotive Technology, ACS Industries, Inc., Happich Gmbh, Heat Shield Products Inc., HKO Isolier-und Textiltechnik GmbH, ISOLITE GmbH, FITWEL GASKET COMPANY (INDIA) PRIVATE LIMITED, Thermo-Tec Automotive Products Inc., TKG Automotive.

Market Segmentation

By Product Type	Single Shell Double Shell Sandwich
By Application	Under Chassis Under Bonnet Engine Compartment Exhaust System Turbocharger
By Sales Channel	OEM Aftermarket
By Material	Non-Metallic Metallic
By Vehicle Type	Passenger Car LCV HCV
By Region	North America Europe Latin America Asia Pacific (APAC)

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