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Air Purifier Market is expected to register a CAGR of 10%
The U.S. air purifier market witnessed growth at 4.7% CAGR between 2017 and 2021. According to analysis by Fact.MR, a market research and competitive intelligence provider, the market in United States is projected to expand at 6.6% CAGR to be valued at US$ 6.7 billion by the end of 2032.
Prominent manufacturers of air purifiers in the United States are evolving breakthrough technologies such as photocatalytic technology and ultraviolet (UV) LEDs that help to break down irritants and pathogens. Device manufacturers are also benefitting from the influx of air quality sensors that work in tandem with air purifiers to assess the risk of mould and viral transmission.
Start-ups in the air purifier market are opting for crowd-funding so as to launch their models successfully in the market. They too have the ultimate goal to launch and offer air purifiers that reduce indoor air pollutants with the help of technology, such as UVGI air purifiers or UV germicidal irradiation.
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Key Takeaways from Market Study
The United States air purifier market is estimated at US$ 3.7 billion in 2022.
The market witnessed a historic CAGR of 4.7% during the years 2017-2021
HEPA filters hold largest market share of 63.8% as compared to other segments of activated carbon filters and ionic filters.
The commercial use case segment holds 47.7% market revenue share. The segment is predicted to rise at a high growth rate of 6.8% over the decade.
Mid-West U.S. dominates the market with 27.6% share and is projected to rise at 8.9% CAGR.
Mid-West U.S. and South-East U.S. together hold 51.5% share in the United States market.
Development of Market
Key manufacturers in the United States are launching high quality air purifiers for use in homes, schools, offices, and other public places. They are also launching air purifiers with cutting-edge laser technology and are collaborating with other market players to further their unique business solutions.
Key Segments of U.S. Air Purifier Industry Research
U.S. Air Purifier Market by Type :
U.S. Air Purifier Market by Technology :
U.S. Air Purifier Market by Coverage Area :
U.S. Air Purifier Market by Use Case :
U.S. Air Purifier Market by Sales Channel :
U.S. Air Purifier Market by Region :
Self-contained/Standalone Air Purifiers
In-duct Air Purifiers
Fixed/Wall Mounted
Portable
HEPA Filters
Activated Carbon Filters
Ionic Filters
Ultra-violet (UV) Technology
Others
Up to 200 sq. ft.
201-300 sq. ft.
301-500 sq. ft.
501-800 sq. ft.
801-1200 sq. ft.
Above 1200 sq. ft.
Residential Air Purifiers
Commercial Air Purifiers
Industrial Air Purifiers
Online Sales of Air Purifiers
Offline Sales of Air Purifiers
Company/Brand Websites
e-Commerce Websites
Hypermarkets/Supermarkets
Specialty Stores
Others
West US
South-West US
Mid-West US
North-East US
South-East US
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the U.S. air purifier market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by type (self-contained/standalone air purifiers, (fixed/wall mounted, portable), in-duct air purifiers), technology (HEPA filters, activated carbon filters, ionic filter, ultra-violet (UV) technology, others), coverage area (up to 200 sq. ft., 201-300 sq. ft., 301-500 sq. ft., 501-800 sq. ft., 801-1200 sq. ft., above 1200 sq. ft.), use case (residential, commercial, industrial), and sales channel (online sales (company/brand websites, e-commerce websites), offline sales (hypermarkets/supermarkets, specialty stores, others)), across major regions of the United States (West U.S., South-West U.S., Mid-West U.S., North-East U.S., and South-East U.S.).
Fact.MR’s Domain Knowledge in Industrial Goods Division
Read More: https://www.factmr.com/report/4617/air-purifier-market
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over a thousand reports and 1 Million-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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The aerochamber segment is anticipated to register more than two-fifth of the asthma spacers marke
Projections from a latest study by Fact.MR, a global research firm, indicate that the asthma spacers market is slated to record a CAGR of 4% in 2021. The spread of respiratory ailments such as allergies and asthma on account of smoking and pollution is paving the way for higher demand expansion of asthma spacers. As geriatric population across the globe is growing rapidly and is demonstrating increased disposition for respiratory disorders. Therefore, the number of asthma patients will rise manifold.
“Market players are increasingly focusing on launching new products and spontaneous technological innovation to ascertain proper delivery of medicine to asthma patients by offering low-resistance, one-way inhalation flow thus bolstering the demand for asthma spacers.” says Fact.MR.
Geriatric Population Continues to Drive Asthma Spacer Sales
Geriatric population across the globe is proliferating at a swift pace. The number of geriatric people are projected to exceed 2 billion by 2050, capturing over 22% of the worldwide population. The growing prevalence of asthma amid the geriatric people is prompting a rise in the demand for asthma spacers.
Moreover, environmental degradation, leading to reduced and poor air quality has created increased demand for asthma spacers. Several studies have exhibited that 7 out of 10 patients are not capable to utilize inhaler devices efficiently. Inhalers necessitate patients to time a deep breathe exactly as the medicine is released. However, majority of the patients experience trouble adjusting this. Fact.MR’s study reflects that to improve the consumption of medication, demand for spacers shall be augmented in the forthcoming years.
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Aerochambers Demand Set to Increase
Aerochambers are likely to witness increased demand in 2021 and beyond, according to Fact.MR’s analysis. This is ascribed to delivery of the medicine in a controlled, slow way as well as technological developments. In addition, they avert wastage by guaranteeing minimum leak of medicine into the air. The segment is projected to record over 2/5th of the asthma spacers share, exceeding a valuation of nearly US$ 800 Mn by 2026.
Furthermore, demand for devices for instance flexi-chambers and micro spacers will foresee an uptick, and record approximately 4% CAGR in 2021.
How Big is the US Asthma Spacers Market?
The US shall retain its prominence in 2021 and beyond due to growing incidences of asthma attacks amid patients which is prompting rise in healthcare expenditure, advanced healthcare facilities, along with several government initiated program for healthcare. The region is anticipated to capture around 41% of the overall share through 2026.
Trailing behind the US, emerging countries such as China & India will grow steadily due to growing population and ensuing rise in health expenditure. The UK will account for a notable share for asthma spacer industry, due to growing adoption of asthma spacer in the region.
Acquisition of Product Profile of Emerging Companies Remains Key Focus Areas: Fact.MR Survey
Asthma spacers market is extremely fragmented owing to the presence of handful players having their footprint in the market. Fact.MR’s survey with thought leaders revealed that acquisition of emerging players majorly for research & development domain to co-develop advanced technologies will remain a key strategy for market players in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. A few of the players profiled in the report are Koninklijke Philips N.V, Trudell Medical International, GlaxoSmithKline, Visiomed Group Ltd., Medical Developments International, Cipla Ltd. Clement Clarke, Merck & Co. AstraZeneca,and Lupin Pharmaceuticals Inc. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
Read More: https://www.factmr.com/report/4596/asthma-spacers-market
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.
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Sodium Cyanide Market To Register A CAGR Of Over 4% During The Years, 2022-2027
According to Fact.MR, demand for sodium cyanide Marketis expected to grow at a CAGR of more than 4% during the forecast period (2019-2027), reaching a value pool of nearly US$ 3 billion. Because of rapidly rising gold prices, the market for sodium cyanide has exploded in recent years.
Gold mining companies are putting more money into new rural exploration ventures and extending mining operations that are poised to create value in the sodium cyanide market. One of the primary factors driving growth in the global sodium cyanide market is the increasing use of sodium cyanide as an extraction reagent in the mining industry.
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Global Sodium Cyanide Market: In-Depth Assessment on Key Segments
The global sodium cyanide market is segmented on the basis of form, end-use, and region.
By Form :
By End-Use :
By Region :
Solid
Liquid
Mining & Metallurgy
Pharmaceutical
Chemical Intermediates
Pharmaceutical
Dyes & Pigments
Others
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Environmental Concerns Will Cause a Shortage
The global sodium cyanide market is highly consolidated, with Tier-1 competitors such as Evonik Industries AG, Cyanco, The Chemours Company, and Orica accounting for more than 60% of the market. To meet the growing demand for sodium cyanide, industry stakeholders are investing in large-scale manufacturing.
Competitive bidding is one of the most widely used supplier selection strategies worldwide. Several APAC producers have gained significant new business as a result of their lower prices in recent years.
The latest research report on Sodium Cyanide Market provides readers with insights on:
• Drivers, opportunities, restraints, and trends that have an impact on the global Sodium Cyanide Market’s development.
• Reliable data on important regions and potential growth opportunities for vendors operating in those regions in the Sodium Cyanide Market.
• Vital information on consumption, production, history, and forecasts for potential avenues in the global Sodium Cyanide Market.
Read More Details: https://www.factmr.com/report/4554/sodium-cyanide-market
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Aerospace Parts Manufacturing Market Expects Steady Growth Through 2029
Exhibiting a healthy CAGR, the revenue of the aerospace parts manufacturing market will expand nearly 1.5X during the forecast period, 2019-2029. A substantial increase in the demand for commercial and defense aircraft and concerns over fuel efficiency would be the key growth drivers. In addition, regulations against harmful emissions are increasing investments towards innovation in aerospace parts across the globe.
“The industry will witness a hike in demand for energy-efficient components. Market players will also witness a rise in demand for parts of old-aircraft models along with new lightweight counterparts. Technology and material science innovations will play a key role in shaping up the market,” opines Fact.MR in its new research study.
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Aerospace Parts Manufacturing Market - Key Takeaways
Engines are projected capture over 50% of overall market value, followed by aircraft manufacturing at 20%.
Driven by wear and tear by high passenger counts, parts for commercial aircraft are likely to garner substantial traction.
North America is leading the pack in the global aerospace parts manufacturing market; Southeast Asia & Oceania would offer lucrative growth avenues.
Business aircraft are likely to provide superior remunerative opportunities driven by the rising number of high net individuals.
Aerospace Parts Manufacturing Market – Key Driving Factors
The transition in the aviation industry towards the adoption of lightweight, new generation parts is a key driver.
Increasing scope for material and process advancements by manufacturers to widen investment opportunities.
Replacement of end-of-life aircraft with modern counterparts will sustain growth.
Rising fuel costs and demand for energy-efficient aircraft will be a major growth driver.
Aerospace Parts Manufacturing Market – Key Restraints
Strict manufacturing and safety regulations, and the need for certification, are major challenges for new entrants.
Emerging market players are generating disruption of competition, challenging established players in North America and Europe, through low cost novel products.
Competitive Landscape
Aerospace parts manufacturers are investing in R&D and are seeking strategic partnerships with new players. Key players in aerospace parts manufacturing market include Dassault Systems, Rolls Royce Plc, Lycoming Engines, JAMCO Corporation, Eaton Corporation plc, Intrex Aerospace, Sumitomo Precision Products Co. Ltd., CAMAR Aircraft Parts Company, Bridgestone Corporation, Safran Group, Curtis-Wright Corporation, Woodward Inc., Triumph Group, Eaton Corporation Plc, Premium Aerotech, and Zodiac Aerospace.
Read More Insights: https://www.factmr.com/report/4552/aerospace-parts-manufacturing-market
About the Report
This 170-page research study offers a comprehensive analysis of the global aerospace parts manufacturing market, covering historical and forecast data for the forecast period. The report delivers compelling insights on the basis of product type (engines, aircraft manufacturing, cabin interiors, equipment, system, and support, avionics, and insulation components), aircraft type (commercial aircraft, business aircraft, military aircraft, and others), and across key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
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Building Integrated Photovoltaic (BIVP) Market Expects A Stellar 18.1% CAGR
Fact.MR, a market research and consulting firm, goes on record to state that that the global building-integrated photovoltaic market is likely be worth US$ 16.1 Billion in 2022 and have a CAGR of 18.1% between 2022 and 2032. Call for sustenance has actually bolstered integrating infrastructure and renewable energy. Therefore, the global building integrated photovoltaic market is expected to reach US$ 88.6 Billion by the year 2032.
With global warming increasing at an alarming rate, being affable to climate-oriented uncertainties is the need of the hour. Stringent laws are being imposed all across for regulating environmental safety. This factor is expected to raise the potential of photovoltaic market in the forecast period.
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With growing popularity of the solar energy systems coupled with increasing awareness amongst the customers regarding clean energy are propelling the shipments of building integrated photovoltaics. At the same time, the fact that higher prices of implementation are likely to hamper the market can’t be ignored.
How Can New Entrants Make a Mark in the BIVP Marketplace?
“New Companies Should Focus on Innovation to Enhance their Revenue Generation Potential”
SunDrive, an Australian startup that created the most efficient commercial-sized silicon solar cell, has also fabricated the cell and is one step closer to commercializing the technology. The company is aiming to optimistically compete with big players in the market and will be eyeing the Asian market with the commercialization of its new solar cells.
Start-ups can focus on bringing such novel solutions and disrupt the market and improve their presence. Advancements in the efficiency of solar energy generation systems are expected to be a key area where new companies can focus their research and development over the coming years.
Supportive government initiatives to advance the adoption of renewable energy resources are anticipated to provide incentives for new entrants that could help them advance their research.
Key Segments Covered in Building Integrated Photovoltaic Industry Survey
BIVP Market by Technology :
Crystalline Silicon
Thin Films
Others
Multicrytalline Silicon
Monocrystalline Silicon
Dye-sensitized Solar Cells
Copper Indium Gallium Selenide
Organic Photovoltaic
Amorphous Silicon
Cadmium Telluride
BIVP Market by Application :
BIVP Market by End Use :
BIVP Market by Region :
Roofs
Walls
Glass
Facades
Others
Residential
Commercial
Industrial
North America
Latin America
Europe
APAC
MEA
Competitive Landscape
Building integrated photovoltaic manufacturers are focusing on launching new and innovative products to maximize their sales potential and gain a competitive edge over other market players in the global landscape.
In April 2022, Risen Energy, a China-based solar module manufacturer, announced the launch of its new BIPV products. The new lineup is claimed to be more environment-friendly and has an improved energy generation performance than the previous lineup.
Key players in Building Integrated Photovoltaic Market
Scheuten Solar Holding
First Solar
Ertex Solar
Suntech Power Holdings
Heliatek
Sharp
Ascent Solar Technology
Key Takeaways from Building Integrated Photovoltaic Market Study
Globally, North America holds 28% of the overall market.
Innovative measures like government of France offering high feed-in tariff for power generated through photovoltaic components used for integrating into the buildings to drive the market
Globally, Europe contributes for 32.6% of the overall market revenue
“Industrial” end-use to dominate the building integrated photovoltaic market.
Read More Insights: https://www.factmr.com/report/492/building-integrated-photovoltaic-bivp-market
About the Technology Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned technology team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the technology industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
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Metalworking Fluids Market Is Projected To Expand At A CAGR Of Over 4% By 2032
Fact.MR latest report on metalworking fluids market gives an in-depth analysis of industry size, market dynamics, regional gamut, and revenue estimations for the forecast duration (2021-2031). It provides information about emerging opportunities across various segments including category, function, product, application, and region. Besides this, it analyzes various strategies adopted by leading metalworking fluids manufacturers.
The global metalworking fluids market size reached a valuation of US$ 9 Billion in 2020 and is projected to exhibit a CAGR of 4% during the forecast period (2021-2031), surpassing US$ 12 Billion by 2031.
The market has grown due to improvements in manufacturing processes for the creation of complex end products, as well as an increase in exports of agricultural, automotive, and power equipment.
Metalworking fluids are oils and other liquids used to cool or lubricate metal work pieces when machined, milled, stamped, ground, etc. They have become essential substances used across several industries to improve productivity and reduce malfunctioning equipment.
Metalworking fluids industry is anticipated to gain from an expansion in the manufacturing of construction equipment and associated parts for residential, commercial, and industrial buildings. The growth of public-private partnerships is anticipated to increase demand for various construction parts produced using metalworking fluids (MWFs).
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Emerging economies will be crucial for product growth because of the rising building activity in these countries and the rapid expansion of the industrial sector.
The most popular metalworking fluids are metal removal fluids, sometimes referred to as metal cutting fluids. Metal removal or cutting is the most prevalent in the metal fabrication sector. Any metal manufacturing involves cutting to produce certain geometric forms. For accuracy, this process needs efficient metalworking fluids.
Based on application, the transportation equipment segment accounted for around 50% share in the global metalworking fluids market and is likely to retain its dominance during the forecast period.
Manufacturers are increasingly using metal-treating fluids in transportation equipment manufacturing. They play a key role in the production of automotive components and aerospace machinery, where the equipment requires regular lubrication with cooling.
Key Takeaways:
Based on product, the demand for removal fluids is anticipated to increase at a CAGR of 3% during the forecast period.
By application, transportation equipment segment accounted for more than half of the global metalworking fluids market.
Asia Pacific dominates the global market for metalworking fluids with more than 40% share.
The U.S. metalworking fluids market reached over US$ 2 billion in 2020.
China's metalworking fluids market is anticipated to reach a valuation of about US$ 3 billion by 2031.
Growth Drivers:
Rising demand for reducing operational costs and extending the efficiency & longevity of machines is driving the growth in metalworking fluids market.
Growing consumption of lightweight components in high-performance applications will drive metalworking fluid sales in the coming years.
Increasing popularity of bio-based metalworking fluids is likely to foster market growth during the assessment period.
Restraints:
High cost and toxicity of metalworking fluids is a key factor restraining market growth.
Availability of various substitutes is also expected to reduce the demand for metalworking fluid during the assessment period.
Competitive Landscape:
The global metalworking fluids market is highly competitive in nature due to presence of numerous regional and domestic market players. In order to gain a competitive edge in the market, leading players are adopting strategies such as new product launches, facility expansions, partnerships, acquisitions, mergers, and collaborations. For instance,
In October 2019, A well-known manufacturer in Perrysburg, Ohio, named Mater Fluid Solution announced the acquisition of Wilhelm Dietz GmbH, a pipe and tube expansion, forming, wire drawing, and metalworking company based in Düsseldorf, Germany, in order to broaden its reach internationally and increase its capacity for production in mainland Europe.
In October 2020, Biosynthetic® Technologies launched Biocea, their new product line of novel additives for the metalworking fluids.
In 2021, Idemitsu Lube Pakistan Co., a subsidiary, announced the start of its lubricant operations in Pakistan. The new division will help the business reach new markets.
Key Companies Profiled by Fact.MR
BP
Chevron Corporation
Houghton International
ExxonMobil Corporation
Total S.A.
Apar
Fuchs Petrolub SE
Hindustan Petroleum Corporation Limited
Castrol Limited
Indian Oil Corporation Limited
Lubrizol
Gazprom
Pertamina
Columbia Petro
Croda International Plc
China Petrochemical Corporation
Yushiro Chemical Industry Co. Ltd.
Idemitsu Kosan Co. Ltd
PETRONAS Lubricants International
Quaker Chemical Corporation
More Valuable Insights on Metalworking Fluids Market
In the latest study, Fact.MR offers a detailed study on global metalworking fluids market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of metalworking fluids through detailed segmentation as follows:
Category:
Semi-Synthetic
Synthetic
Mineral-Based
Bio-Based
Function:
Neat Cutting Oils
Water Cutting Oils
Straight Oils
Emulsified Oils
Corrosion Preventive Oils
Product:
Removal Fluids
Protection Fluids
Forming Fluids
Treating Fluids
Application:
Metal Fabrication
Heavy Machinery
Transportation Equipment
General Manufacturing
Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
Read More Insights:
Key Questions Covered in the Metalworking Fluids Market Report
What is the projected value of the metalworking fluids market in 2021?
At what rate will the global metalworking fluids market grow until 2031?
Which are the factors hampering the growth in the metalworking fluids market?
Which region is expected to lead in the global metalworking fluids market during 2021-2031?
Which are the factors driving the metalworking fluids market during the forecast period?
What is the expected market value of the metalworking fluids market during the forecast period?
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Powder Coatings Market Will Reach A Valuation Of US$ 15 Bn By 2031
Exhibiting a healthy CAGR, the global revenue pool of powder coatings market will expand nearly 2X during the forecast period, 2019-2029. Upsurge in automobile production and demand for medical equipment would be the key growth drivers. In addition, regulations against volatile organic compounds (VOC) emissions are enabling broader application of powder coatings across various end-use sectors.
"Driven by uptight sustainability norms, industry executives are moving from liquid-based coatings to powder coatings. Powder coatings have low VOC content and thus reduce the risk of combustion during storage and application. Further, they curb the possibilities of health hazards to industrial workers," opines Fact.MR in its new research study.
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Powder Coatings Market - Key Takeaways
Epoxy based powder coatings capture over a third of overall market value, owing to their enhanced features.
Given their high-quality finish and durability, acrylic-based powder coatings are likely to garner huge traction.
Europe is leading the pack in the global powder coatings market; East Asia and Southeast Asia & Oceania would offer potential growth avenues.
Consumer goods would be the key application area, while furniture is reflecting increasing application scope.
Powder Coatings Market - Key Driving Factors
Excellent resilience against chipping, and corrosion, as well as enhanced cost- and time-efficacy are broadening the adoption of powder coatings.
Increasing usage in automobiles, home-appliances, and industrial machinery & equipment to widen investment opportunities.
Market players are transforming manufacturing processes with Industry 4.0 technologies - artificial intelligence (AI), and cloud computing.
Powder Coatings Market - Key Restraint
Volatility in prices of raw materials to hinder adoption, especially in construction projects.
Competitive Landscape
Powder coating manufacturers are investing in R&D and are rolling out innovative offerings and utilizing automation technologies to form collaborations with demanding customers. Key players in powder coatings market include Akzo Nobel N.V., PPG Industries, Inc., BASF SE, Eastman Chemical Company, Nippon Paint Holdings Co., Ltd., Bayer AG (Covestro AG), Eisenmann, Evonik Industries AG, and Sherwin-Williams.
Read More insights: https://www.factmr.com/report/4540/powder-coatings-market
About the Report
This 170-page research study offers an extensive analysis of the global powder coatings market, covering historical and forecast data for the predefined timeframe. The report delivers compelling insights on the basis of resins (epoxy, polyester, epoxy-polyester (hybrid), acrylic, polyurethane, and others), application (consumer goods, architectural, automotive, general industries, furniture, and others), and across key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
About Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the Chemicals & Materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest chemicals industry market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
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Global Computer Aided Detection Market Is Foreseen To Expand At A Healthy CAGR Of 9.8%
According to Fact MR’s recent market research, sales of Computer Aided Detection to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Computer Aided Detection market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Computer Aided Detection market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Computer Aided Detection
The report offers actionable and valuable market insights of Computer Aided Detection. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Computer Aided Detection Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Computer Aided Detection, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Computer Aided Detection Market.
Global Computer Aided Detection Market Segmentation
Fact.MR has studied the global computer aided detection market with detailed segmentation on the basis of application, imaging modality and key regions.
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Investment in Digital Solutions Pave Way for Competitive Edge
The global computer aided detection market is largely consolidated. The top five players:
Hologic Inc.
GE Healthcare
Invio Corporation
Siemens Healthcare
Agfa-Gevaert N.V.,
account for almost three-quarters of the market. Out of these, Hologic, Inc., dominates the computer aided detection market.
Key Takeaways of Global Computer Aided Detection Market Study:
The oncology segment is set to dominate the computer aided detection market, owing to rising prevalence and diagnosis of cancer. Breast cancer contributes the majority share within the oncology market. The segment is anticipated to capture more than nine-tenth of the market share in the forecast period.
By imaging modality, the mammography segment shall hold the lion’s share in the global computer aided detection market. Increased prevalence of breast cancer and its diagnosis is anticipated to drive the segment’s growth. A market share of over two-fifth and a robust CAGR of 8.3% is projected for the imaging modalities segment.
However, the tomosynthesis segment is soon anticipated to catch up, registering a strong CAGR of 13.6% throughout the forecast period. Better accuracy due to high-contrast imaging and evaluation of dense breasts in comparison to mammography are key growth drivers.
By region, North America shall retain market hegemony throughout the forecast period. Prevalence of breast cancer and the subsequent advancements in imaging techniques are anticipated to steer the market forward. The region is set to capture more than half of the global computer aided detection market.
At the same time, Asia-Pacific appears to be the most attractive market, owing to a large population base and eventual incidence of lifestyle diseases. Projected CAGR for the Asia-Pacific region is a staggering 14.3%.
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Phosphate Rock Market Is Expected To Reach US$ 28.86 Bn By 2032-End
In 2021, the global phosphate rock market accounted for USD 21.41 Bn and is forecast to expand at a CAGR of 3.2% between 2022 and 2032. In 2032, the market will reach US$ 28.86 Bn worldwide.
During the COVID-19 pandemic, forecasts for fertilizer demand grew increasingly pessimistic, with demand significantly declining during July 2020′, which adversely affected the phosphate rock market. The global fertilizer demand for the 2019-20 fiscal year fell from 190.5 MMT to 189.9 MMT, and the demand for the 2020-21 fiscal year dropped from 192.9 MMT to 184.4 MMT, a decline of 4.5%.
With the growing demand for food and increases in per capita income, there will be a significant increase in crop demand, which will result in increased phosphate fertilizer demand. The Asia Pacific region, with countries like China and India, is expected to be the most lucrative regions for this market due to the growing demand for the growing population. As per the segment, the fertilizers segment is going to dominate this market during the forecast period.
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Key Segments Covered in the Phosphate Rock Industry Survey
By Application
Phosphate Rock for Fertilizers
Phosphate Rock for Food & Feed Additives
Phosphate Rock for Industrial Applications
Phosphate Rock for Other Applications
Key Takeaways from the Market Study
The global phosphate rock market is expected to reach a market size worth USD 22 Bn at the end of 2022.
The Asia Pacific region accounted for 44.5% of global volumes in 2021
In 2021, the Middle East and Africa held the second-largest share of the global market, and growth is forecast to be 2.2% from 2022 to 2032
Fertilizers accounted for more than 76.5% of revenue in 2021
About 70% of the market players operate vertically integrated businesses, which include both mining and fertilizer production
Competitive Landscape
There are many companies involved in the phosphate rock value chain, including mining companies, distributors, manufacturers, and end users. This scale of operation not only lowers logistics costs, but also addresses other supply chain challenges such as delivering products on time and reducing transport costs. It also enables better quality control and production oversight.
In August 2021, Centrex Metals opened a mining operation in Ardmore, NW Queensland Australia. This operation will yield 800 kilotons of phosphate rock per year, which can be used to produce 600 kilotons of phosphate fertilizer.
It was announced in January 2019 that Mosaic Company had signed an Memorandum of Understanding (MoU) with Sinochem Fertilizer Company Limited for the supply of phosphate rock and fertilizers.
IFFCO and Indian Potash Ltd (IPL) announced the acquisition of 37.0% of JPMC, the largest mining and chemical company in Jordan, in May 2018 for nearly Rs 900 crore.
Key Companies Profiled
OCP Group
The Mosaic Company
Ma’aden
PhosAgro
Guizhou Kailin Holdings (Group) Co. Ltd.
Yuntianhua Group
Misr Phosphate
Hubei Xingfa Chemicals
Wengfu Group
Yunnan Phosphate Haikou Co. Ltd. (YPH)
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Technical Textile Market Is Expected To Reach A Valuation Of US$ 370 Bn By 2032
The global technical textile market size is estimated to expand at a CAGR of 5.3% over the next ten years at the market value of US$ 220 Bn in the assessment period 2022 and is forecast to reach a valuation of US$ 370 Bn by 2032.
Technical textiles are used in a wide range of industries such as medical, automotive, construction, industrial, and sports, which has increased rapidly over the past half-decade and will have a direct impact on demand for engineered textiles over the coming years in industries.
Consumption of technical textiles over the past half-decade increased the market size at a CAGR of around 4.8%. Technical fabric consumption in mobiltech accounted for the highest market share, which is mainly attributed to the use of industry-specific textiles in a range of automotive applications such as seat belts, seat cover fabrics, airbags, and tyre fabrics
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Technical textile found major applications owing to a diverse set of industries under this umbrella, such as automotive, aerospace, railways, and marine vehicles. Additionally, technical textiles have served as a key element in adding safety and durability, thereby enhancing the travelling experience.
Over the past 2 years, there has been a surge in the consumption of protective clothing in the healthcare sector and other sectors owing to the rise in pathogen-related diseases such as COVID-19. Also, workers tend to catch skin-related diseases that affect their health over a period.
In addition, escalating demand for high-performance textiles will provide a thrust to their industrial reach over the decade, especially in the Asia Pacific and European regions.
Report Attributes
Details
Technical Textile Market Size (2021A)
US$ 210 Billion
Estimated Market Value (2022E)
US$ 220 Billion
Forecasted Market Value (2032F)
US$ 370 Billion
Global Market Growth Rate (2022-2032)
CAGR 5.3%
Key takeaways:
India contributes a market valuation of around US$ 20 Bn to the global market size and aims at increasing the size of the domestic high-tech fabric market to US$ 40 Bn by 2024-end
China's technical textile market value currently stands at US$ 60 Bn and is projected to increase a market size at a CAGR of around 5.7% over the decade.
By material type, the polymer material is projected to hold around 58% of the global technical fabric market share.
By application type, technical textile application in mobile tech is projected to hold around 20% of the global market share.
By process, demand for nonwoven technical textiles is expected to grow at a consistent CAGR of roughly 4%.
Growth Drivers:
Demand in the growth of technical textile products is attributed to the use in medical, automotive, construction, industrial, and sports industry.
Sales of technical textiles is expected to be driven by proliferating application in automobiles.
Competitive Landscape:
The various leading players in the technical textile market are focusing on offering various technical textile products and the latest high-tech fabric developments:
In January 2022, Asahi Kasei Advance announced the opening of Airbag Fabric in Vietnam. Textiles manufactured at the site come equipped with superior strength, durability, and heat resistance. The company has strategically placed its manufacturing unit in Vietnam to fulfil the rising demand for textiles from the automobile sector.
In May 2021, 3M announced the launching of 3M Thinsulate technology that will comprise 60% post-consumer recycled material. The company aims at bringing innovation and research in technical textiles and gaining a competitive advantage in terms of high-performance materials.
Key Companies Profiled by Fact.MR
3M Company
Ahlstrom Corporation
Arville Textiles Ltd.
Asahi Kasei
Avintiv
Baltex
Berry Global
Dickson-Constant
E.I. du Pont de Nemours and Company
Freudenberg & Co. KG
Huntsman Corporation
International Textile Group
Kimberly-Clark Corporation
More valuable Insights on Technical Textile Market
Fact.MR, in its report, offers a market analysis of the global technical textile market analysing forecast period through 2022 and beyond. This survey reveals the growth in the technical textile market with detailed segmentation as follows: -
Natural Fibre
Regenerated Fibre
Polymer
Metal
Others (minerals, composites etc.)
Woven Technical Textiles
Knitted Technical Textiles
Non-woven Technical Textiles
Agrotech
Buildtech
Hometech
Indutech
Sportech
Mobiltech
Packtech
Meditech
Clothtech
Geotech
Protech
Oekotech
North America Technical Textile Market
Latin America Technical Textile Market
Europe Technical Textile Market
East Asia Technical Textile Market
South Asia & Oceania Technical Textile Market
Middle East & Africa Technical Textile Market
Read More Details: https://www.factmr.com/report/technical-textile-market
Key Questions covered in the technical textile market Report
What is the current size of the global technical textile market?
How is the technical textile aligned?
At what CAGR is the market expected to grow?
At what rate did the technical textile market expand over the past five years?
How have vital players reacted to key developments in the market?
About Fact.MR
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Non Destructive Testing Market To Grow At A 6% CAGR By 2032
A recently published report by Fact.MR reveals that the global non-destructive testing market is projected to grow at a CAGR of 6% during the forecast period (2021-2031), expected to surpass US$ 15 Bn by the end of the said timeframe. Surging demand for enhanced accuracy, cost efficiency, and non-intrusive testing to evaluate the properties of materials or components across industries will drive the demand for non-destructive testing. Historical data reveals that the market experienced steady growth, registering a CAGR of 4% between 2016 and 2020. Prospects took a backseat amidst the COVID-19 pandemic, given major contractions experienced in the global manufacturing sector. By the 2nd quarter of FY 2020-21, global manufacturing output declined by over 10%, limiting uptake of NDT to a major extent. However, with an anticipated recovery rate of over 7% in 2021, prospects will eventually rebound.
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Economies across the globe are investing in cost-effective and energy-efficient testing of public infrastructure and aerospace & defense instruments. There is a lack of technical expertise among non-destructive testing inspectors in the market. Leading market players are hence keen on global footprint expansion by forging strategic partnerships with local players and mergers & acquisitions in developing economies.
Key Takeaways from the Market Study
Manufacturing to be the primary end user of NDT, accounting for 20% of global revenues
Aerospace & defense and power generation to register CAGRs of 8% and 7.5% respectively
Non-destructive ultrasonic testing to account for 1/4th of global revenue share
North America to account for 32% of the global non-destructive testing demand
Asia to emerge as the fastest growing market, clocking a CAGR of 9.5% until 2031
“The growing adoption of non-destructive testing methods is aligned with the developments in nanotechnology, displays, and processing capabilities are set to transform the competitive landscape. Market players stand to gain by investing in improving the quality of services by adding support services and streamlining reporting procedures,” says a Fact.MR analyst.
Competitive Landscape
Some of the key players in the market include General Electric, Nikon Metrology NV, Olympus Corp., Zetec Inc., Eddyfi, Fisher Technologies Inc., Ashtead Technology Ltd., Mistras Group Inc., Yxlon International GmbH, and Sonatest Ltd.
In May 2021, Nikon Metrology’s industrial micro focus X-ray CT inspection solutions announced a new offset CT reconstruction algorithm to deliver unrivaled scan speed and image resolution. When using X-ray CT (computed tomography) for non-destructive quality control of larger components like aluminum castings or battery modules for electrical vehicles, the challenge is to shorten inspection cycle times without compromising resolution.
In August 2021, Eddyfi Technologies/NDT announced the initiation of a definitive agreement to acquire Zetec, a subsidiary of Roper Technologies Inc. Expected to close by the year-end, the acquisition will permit Eddyfi to extend their market coverage through innovation and a customer-focused approach
Key companies Profiled:
Nikon Metrology NV
Olympus Corp.
Zetec Inc.
Eddyfi Technologies Inc.
Fisher Technologies Inc.
Ashtead Technology Ltd.
Mistras Group Inc.
Yxlon International GmbH
Sonatest Ltd.
Key Segments CoveredApplication
Non Destructive Testing Services
Non Destructive Testing Equipment
Test Method
Non Destructive Visual Testing
Non Destructive Magnetic Particle Testing
Non Destructive Liquid Penetrant Testing
Non Destructive Eddy Current Testing
Non Destructive Ultrasonic Testing
Non Destructive Radiographic Testing
End Use
NDT for Oil & Gas
NDT for Manufacturing
NDT for Aerospace & Defence
NDT for Construction
NDT for Automotive
NDT for Power Generation
NDT for Other End Uses
Read More Details:
https://www.factmr.com/report/4665/non-destructive-testing-market
Report Summary
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of non-destructive testing across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of non-destructive testing during the forecast period. Price point comparison by region with global average price is also considered in the study.
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Turbidity Equipment Market is Expected to Reach US$ 2.5 Bn by 2032
Turbidity meters are employed in automated measuring operations and save businesses money by lowering the need for labor-intensive tasks. Low maintenance costs are also anticipated to spur an increase in turbidity equipment demand over the coming years.
Due to increased demand for turbidity metre equipment for sewage and water treatment, the turbidity equipment market is predicted to expand rapidly.
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Key Takeways From Market Study Report:
In 2022, North America and Europe are expected to account for 24% and 27% of the global market share, respectively.
The Asia Pacific region's thriving food and environmental industries, as well as chemical manufacturing, are driving up sales of turbidity systems, particularly in China, India, and other ASEAN nations.
Due to the rising sales of portable turbidity meters used in industries, including sewage treatment and pharmaceuticals, the market in the U.S. is expanding at an impressive rate.
The turbidity meters market in South America is expected to grow due to paper and pulp production in the region.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Low maintenance cost of Turbidity Equipment -
Turbidity Equipment are used in automated measuring processes, which is cost effective for a company and can reduce the expenditure on labor-intensive tasks. In addition, low maintenance cost is expected to accelerate the demand for Turbidity Equipment during the forecast period. Growing universality of water pollutants is expected to fuel the growth of the Turbidity Equipment market. Furthermore, low cost of Turbidity Equipment boosts the market growth. Turbidity Equipment can operate as a single device for multiple product types, thus saving significant costs that accrue by using other devices.
High Cost and Lack of Awareness Hindering the Market -
Turbidity meter manufacturers are quickly incorporating advanced technology to limit the reliance of Turbidity Equipment on a main supply or steady battery supply. The dependency on batteries can hamper the adoption of Turbidity Equipment in industrial process management, as batteries have a tendency to stop at any time.
Turbidity Equipment are used to measure the cloudiness or turbidity of water caused by suspended solid particles. Turbidity Equipment are also known as nephelometer.
Turbidity Equipment measure the haze or cloudiness in water. It is used in industrial processes that includes environmental monitoring, pharmaceutical manufacturing, and utility applications. Furthermore, Turbidity Equipment are used in commercial applications for turbidity readings in municipal drinking water treatment.
Furthermore, Turbidity Equipment are used to measure the haziness of a fluid, to bring quantitative consistency to the measurement of drinking water for both pathogenic and aesthetic qualities.
Turbidity Equipment are used to measure the turbidity of water in a sample as a result of suspended solid particles. Moreover, Turbidity Equipment can provide more accurate results of turbidity so as to analyze the sample correctly.
Turbidity Equipment are used to define the concentration of total suspended solid (TTS) particles in water or liquid samples by measuring or evaluating the incident light scattered at right angles from the sample.
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Global Turbidity Equipment Market: Key Drivers and Restraints
Turbidity Equipment are used in automated measuring processes, which is cost affective for a company and can reduce the expenditure on labor-intensive tasks. Additionally, low maintenance cost is expected to accelerate the demand for Turbidity Equipment over the forecast period.
Growing universality of water pollutants is expected to fuel the growth of the Turbidity Equipment market.
Furthermore, low cost of Turbidity Equipment is boosting growth in the market. Turbidity Equipment can operate as a single device for multiple product types, thus saving significant costs that accrue by using other devices.
Turbidity meter manufacturers are quickly incorporating advanced technology to limit the reliance of Turbidity Equipment on a main supply or steady battery supply. The dependency on batteries can hamper the adoption of Turbidity Equipment in industrial process management, as batteries have a tendency to stop at any time.
Competitive Landscape
To dominate the market, key players are involved in several strategic efforts such as mergers and acquisitions, partnerships, joint ventures, research and development, product modifications, technological improvements, and upgrades.
The most profitable strategy in 2022 is to launch unique products to stand out in the competition and earn higher revenue.
March 2022: LaMotte Company is to invest US$ 3.3 million to increase its capacity for production and R&D in Newark, Delaware. The manufacturer of reagents and instruments for water-quality testing will expand its lab at its new facility at the Pencader Corporate Center as a result of rising sales. Additionally, there will be office and production space on the 79,000-square-foot site.
Key Segments Covered in Turbidity Equipment Industry Research
Turbidity Equipment Market by Type :
Turbidity Equipment Market by End Use :
Turbidity Equipment Market by Distribution Channel :
Turbidity Equipment Market by Application :
Turbidity Equipment Market by Region :
Laser Turbidity Meters
In-line Turbidity Meters
Portable Turbidity Meters
Monitoring Turbidity Meters
Compact Turbidity Meters
Water Treatment
Process Monitoring
Laboratories
Direct Sales
Sales Force
Company Website
Indirect Sales
Online Channels
Distributors
Water Quality Testing
River Monitoring
Stream Measurement
Reservoir Water Quality Testing
Groundwater Measuring
Water and Wastewater Treatment
Effluent, and Industrial Control
Beverage Testing
Others
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making. We provide both qualitative and quantitative research, spanning market forecast, market segmentation, competitor analysis, and consumer sentiment analysis.
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The Automotive Fifth Wheel Coupling Market Is Projected To Rise At A CAGR Of 5.7%
The market report by Fact.MR envelopes an all-in information of the global Automotive Fifth Wheel Coupling market and the nature of the market growth over the foreseeable period.
The report provides a comprehensive elaboration of the positives and negatives of the global Automotive Fifth Wheel Coupling market with DROT and Porter’s Five Forces analysis.
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Automotive fifth wheel couplings are witnessing significant demand due to implementation of advanced technologies to improve product quality and compliance with government regulations and policies to meet emission standards.
Adoption of improved material technology in the manufacturing of automotive components increases load capacity and strength of components.
The Market Research Survey by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand of Automotive Fifth Wheel Coupling.
The Market Survey examines the Global Automotive Fifth Wheel Coupling Sales for the forecast period 2021- 2031. The report examines the Automotive Fifth Wheel Coupling market key trends, growth opportunities and Automotive Fifth Wheel Coupling market size.
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Global Automotive Fifth Wheel Couplings Market: Key Developments in Competitive Landscape
JOST India has developed LubeTronic 5Points for fifth gear couplings without top plate liners. The company has integrated remote lubricating system in fifth wheel couplings. With the integration of this lubricating system, lubrication intervals can be customized for use in on-site traffic and long distance traffic.
This system provides sufficient lubrication for 1 year and comes with electronic fill level control with an LED display. The lubrication system keeps quantity of grease constant, providing consistent lubrication for the fifth wheel coupling plate and the lockjaw. This system is also suitable for hazardous-cargo vehicles.
However, several safety issue related to fifth wheel couplings have restrained growth of the global fifth wheel safety market. The most common issue with fifth wheel couplings is dropping the trailer. People often forget to latch the coupling pin after hooking the trailer to the truck. This results in slipping of trailer from the fifth wheel and fall into the bed of the towing vehicle.
Key questions answered in Automotive Fifth Wheel Coupling Market Survey Report:
1) What is the current scenario and key trends in Automotive Fifth Wheel Coupling Market?
2) What are the key strategies companies are adopting to increase their consumer base?
3) What are the key categories within the Automotive Fifth Wheel Coupling segments and their future potential?
4) What is the Automotive Fifth Wheel Coupling Market size and what are the opportunities for the key players?
5) What are the major Automotive Fifth Wheel Coupling Market drivers and their expected impact during the short, medium, and long terms?
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Essential Takeaways from the Automotive Fifth Wheel Coupling Market Report
i) Comparison of prominent players operating in the Automotive Fifth Wheel Coupling market.
ii) Recent developments and key strategies adopted by market players.
iii) Study of the micro and macro-economic growth indicators.
iv) Impact of the various factors on the value chain of the Automotive Fifth Wheel Coupling market.
v) Growth opportunities for emerging market players in various regional markets.
vi) Current trends influencing the scenario of the Automotive Fifth Wheel Coupling market.
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The Global Level Loaders Market Will Further Expand at a CAGR of 5.9%
The global level loaders market is set to surpass a market valuation of US$ 59 million in 2022 and further expand at a CAGR of 5.9% to reach US$ 105.3 million by the end of 2032.
Sales of level loaders accounted for around 1% of the global industrial lifting equipment market at the end of 2021.
A specified study of the competitive landscape of the global Level Loaders Market has allow, providing insights into the corporate profiles, financial position, recent developments, mergers and acquisitions, and therefore the SWOT analysis. This analysis report will provide a patent subject to reader’s concern regarding the overall market situation to further choose on this market project.
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The report discusses in detail the various important aspects of the Level Loaders market. The report has an intelligent insight on critical aspects that are essential to good growth in the Level Loaders market. Some of these features include market size, growth, revenue, sales, demand, risks, threats, opportunities, economic forecast and history, and much more. The report is based on factual data assessed by our research analysts to give our clients a complete overview of the Level Loaders market landscape and prepare a business canvas accordingly.
The Level Loaders Market report profiles the successive companies, which includes: –
Bishamon
BackSafe Australia
Global Industrial
Kleton
Lift Products Inc.
Liftex
Nu Lift
PLK Lift
Premier Handling Solutions
Presto Lifts
PS Lift
Sidetracker engineering ltd
Southworth
Wesco
Fact.MR analysts are currently analyzing and coordinating their insights on the effect of COVID-19 across diverse industry verticals. These insights are quite promising for several businesses and ventures to cope up with this unprecedented downturn and take effective strategic decisions to expand and proliferate within a competitive business ecosystem.
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By Lift Mechanism :
By Load Capacity :
By Raised Height :
By Lift Mobility :
By End Use Application :
By Sales Channel :
Spring Actuated
Pneumatic Actuated
Hydraulic Actuated
Up to 2000 lbs.
2000-4000 lbs.
Above 4000 lbs.
Less than 28 Inches
28-30 Inches
Above 30 Inches
Automatic Lift
Electric Lift
Industrial & Manufacturing
Food & Beverages
Chemicals & Pharmaceuticals
Logistics & Warehousing
Retail & Consumer Goods
Others
Online Sales
Offline Sales
Company / Brand Websites
e-Commerce Websites
Direct Sales
Specialty Stores
Others
Market Segment by Regions, regional analysis covers:
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East Africa
Full Access of this Exclusive Report is Available at: https://www.factmr.com/checkout/7550
Reasons why you should buy this report:
Understand the Current and future of the Level Loaders Market in both Established and emerging markets.
The report assists in relocating the business strategies by accentuate the Level Loaders business priorities.
The report throws light on the segment anticipated to dominate the Level Loaders industry and market.
Forecasts the regions expected to perceive ascension.
The newest developments within the Level Loaders industry and details of the industry leaders alongside their market share and methods.
Saves time on the entry-level research as the report contains significant data concentrating growth, size, key players, and segments of the industry.
Save time carrying out entry-level research by characterizing the growth, size, major players and segments within the Global Market.
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
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Lift Trucks Market Is Projected To Reach At A CAGR Of 6.9
As per the report, the global lift trucks market is anticipated to reach US$ 94.56 Billion in 2032. Expansion of the e-commerce sector worldwide is set to surge the number of warehouses and further drive the need to efficiently manage the entire supply chain.
Several warehouse owners are expected to focus on enhancing productivity, lowering operational costs, and increasing transparency within their operational plants and warehouses.
It is thus projected to augment the demand for various innovative lift trucks such as narrow-aisle forklifts and stand-up riders that would provide better navigation and high operation accuracy in narrow mezzanines, tiers, and aisles.
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Moreover, ongoing development of electric lift trucks that offer numerous benefits such as low weight, less noise, reduced vibration, and lesser maintenance costs, is expected to bode well for the global market. Demand for electric lift trucks is likely to grow in the upcoming decade on the back of rising need to increase convenience of employees amid fieldwork.
Entry of various e-commerce platforms owing to the convenience of shopping from anywhere at any time, affordable access to technology, and adoption of smartphones worldwide is anticipated to accelerate the need for lift trucks in warehouses.
As per the India Brand Equity Foundation (IBEF), total e-commerce sales reached approximately US$ 67-84 Billion in 2021 from US$ 52.57 Billion recorded in 2020. These numbers are expected to surge at a fast pace stoked by rising penetration of the internet and high disposable income of consumers, thereby pushing the lift trucks market.
Key Takeaways:
Europe lift trucks market is set to hold a share of about 36.4% in 2022 and create an absolute $ opportunity of US$ 17.66 Billion in the same year.
North America lift trucks market is expected to account for a share of around 22.8% in 2022.
At present, the lift trucks market in China holds approximately 18.9% of share and stands at a valuation of US$ 9.17 Billion.
The global lifts trucks market is estimated to reach US$ 94.56 Billion in 2032.
Sales of lift trucks are likely to surge at a CAGR of 6.9% from 2022 to 2032 on the back of increasing demand for warehousing.
Growth Drivers:
Transformation in terms of warehouse operations across the globe is set to drive the need for lift trucks for carrying heavy loads.
Rapid expansion of the e-commerce industry globally is anticipated to spur the demand for lift trucks that can operate in narrow and tight spaces.
Restraints:
Fluctuating raw material prices and high cost associated with maintenance of lift trucks are expected to hamper sales in the evaluation period.
As electric lift trucks are more susceptible to temperature changes, compared to conventional equipment, these cannot be used for outdoor applications.
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Competitive Landscape:
Leading companies operating in the global lift trucks market are engaging in mergers and acquisitions to compete with their rivals. They are forming solitary units to strengthen, simplify, and streamline the overall customer experience. Meanwhile, some of the other companies are emphasizing the manufacturing of cutting-edge products that are more productive and efficient than their traditional counterparts to attract a large consumer base.
For instance,
In January 2022, Toyota Material Handling (TMH), a renowned forklift and material handling equipment supplier headquartered in India, introduced 22 latest electric products as part of its portfolio expansion strategy. It includes a wide range of unique warehousing solutions and truck models to attract customers in material handling businesses.
In April 2021, Godrej & Boyce (G&B), a leading manufacturer of complex engineering solutions based in Mumbai, declared that Godrej Material Handling is planning to acquire about 30% of the counterbalance electric forklift market share by 2024. To do so, the company launched its new Uno Electric Forklift Truck featuring a longer runtime, improved visibility, augmented safety, and advanced ergonomics.
Key Companies Profiled by Fact.MR
Hyster-Yale Material Handling Inc.
Toyota Industries Corporation
Jungheinrich Group
KION Group AG
Mitsubishi Nichiyu Forklift Corporation
More Valuable Insights on Lift Trucks Market
In the latest study, Fact.MR offers a detailed study on global lift trucks market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of lift trucks through detailed segmentation as follows:
By Type:
Counterbalance
Reach
By Class:
Electric Motor Rider Trucks
Electric Motor Narrow Aisle Trucks
Electric Motor Pedestrian Trucks
Internal Combustion Engine Trucks with Cushion Tires
Internal Combustion Engine Trucks with Pneumatic Tires
Electric and Internal Combustion Engine Tractors
Rough Terrain Forklift Trucks
By Propulsion:
Petrol
Diesel
Others
By End-use Industry:
Mining
Logistics
Construction
Manufacturing
Agriculture
Others
By Region:
North America
Latin America
Europe
APAC
MEA
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Key Questions Covered in the Lift Trucks Market Report
What is the projected value of the lift trucks market in 2022?
At what rate will the global lift trucks market grow until 2032?
Which are the factors hampering the growth in the lift trucks market?
Which region is expected to lead in the global lift trucks market during 2022-2032?
Which are the factors driving the lift trucks market during the forecast period?
What is the expected market value of the lift trucks market during the forecast period?
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The Global Pure Monomer Resins Market To Increase At A CAGR Of 5.8%
Market growth is attributed to factors such as the ability of pure monomer resins market to enhance the ability of adhesives to maintain their cohesion at extreme temperatures and provide fine-tune adhesive formulations to fulfil specific end-use application requirements without affecting or interchanging other key performance properties.
A pure monomer resin is basically prepared from the identical type of aromatic monomer as the basic C9 formulation of aromatic resins with one critical distinction. As the name implies, these resins are prepared from feedstock that has been extremely filtered to eradicate colour-causing contaminants and to specifically control the composition of the product.
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Increasing production and consumption of light vehicles, rising number of electric vehicles, and transition from mature to emerging markets in the long-term forecast are set to drive the consumption of sealants for gearboxes and engines, which will bolster the market for pure monomer resins.
The global chemical industry is set to witness growth at more than 3% over the coming years. The rise in chemical demand across industries such as consumer goods, electronics, and automotive is anticipated to provide strong support to the growth of the pure monomer resins market.
Which Form of Pure Monomer Resin is Most Widely Utilized?
Styrene is prominently used for the production of plastics, paints & coating, synthetic rubber compounding, and styrene-alkyd coatings. Styrene is essential in the creation of various consumer and industrial products that are used daily. Consumers prefer styrene-based products rather than alpha-methyl styrene-based products due to the cost differentiation and level of purity.
As such, styrene-based pure monomer resins are anticipated to remain the prime growth generator in the market during the forecast period. Demand for styrene-based pure monomer resins is anticipated to surge at a CAGR of 6.3% to reach a market value of US$ 1.39 billion by 2032.
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Key Segments Covered in Pure Monomer Resins Industry Survey
Pure Monomer Resins Market by Resin Type :
Pure Monomer Resins Market by Application :
Pure Monomer Resins Market by Region :
Styrene-based Pure Monomer Resins
Alpha-methyl Styrene-based Pure Monomer Resins
Others
Adhesive Production
Sealant Production
Polymer Modification
Rubber Compounding
Wax Formulations
Coating Production
Others
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
Competitive Landscape
Prominent pure monomer resins manufacturers are Eastman (Synthomer), TOTAL Cray Valley, Rain Carbon Germany GmbH, Guangzhou Xinhuayue Resin Technology Co., Ltd, Kolon Industries, Yasuhara Chemical Co. Ltd, Songwon, and Puyang Tiancheng Chemical Co. Ltd.
Pure monomer resin producers should concentrate on resource and cost optimization, which will eventually cut miscellaneous expenses and upsurge their overall profitability. Prominent manufacturers of pure monomer resins should tie up with end-use industries such as automotive and food processing to drive their sales in terms of volume.
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Key players in Pure Monomer Resins Market
Eastman (Synthomer)
TOTAL Cray Valley
Rain Carbon Germany GmbH
Guangzhou Xinhuayue Resin Technology Co., Ltd
Kolon Industries
YASUHARA CHEMICAL CO., LTD.
Songwon
Puyang Tiancheng Chemical Co., Ltd.
Key Takeaways from Pure Monomer Resins Market Study
By resin type, styrene-based pure monomer resins are expected to projected to provide an absolute $ opportunity of US$ 639.8 million over the forecast period (2022-2032).
Alpha-methyl styrene-based pure monomer resins, on the other hand, are anticipated to account for 37.6% market share by 2032 while increasing at a CAGR of 5.6%.
By application, usage in adhesive production is anticipated to reach US$ 530.9 million by 2032.
North America is projected to capture around 28% of the global pure monomer resins market share by 2032.
Europe is expected to provide an absolute dollar opportunity of US$ 243.6 million by 2032.
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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