Automotive Axle & Propeller Shaft Market worth 58.07 Billion USD by 2021

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Automotive Axle & Propeller Shaft Market worth 58.07 Billion USD by 2021

The report Automotive Axle & Propeller Shaft Market by Position (Front, Rear, and Inter-Axle Propeller Shaft), Axle Type (Live, Dead, and Tandem Axle), Propeller Shaft Type (Single, and Multi Piece), Material (Alloy, and Carbon Fiber) – Global Forecast to 2021″, The global automotive axle and propeller market size, in terms of value, is estimated to be USD 39.11 Billion in 2016, and is projected to grow to USD 58.07 Billion by 2021, at a CAGR of 8.22%.

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The major factors behind the growth of automotive axle & propeller shaft sales are growing adoption of AWD vehicles, innovations in engineering focusing towards fuel efficiency and sustainability, as well as rising vehicle production.

Single piece propeller shaft segment: Expected to dominate the propeller shaft market

Single piece propeller shaft segment dominates the global propeller shaft market, in terms of both value and volume. The key reason for such market growth is its cost effectiveness as well as overall durability. Single piece propeller shaft is more widespread than the multi piece propeller shaft majorly because of its light weight and high fuel efficiency.

Live axle segment: Expected to register the highest growth rate

Live axle drives the wheel connected to it along with supporting the weight of the car. Increasing consumer’s preference towards SUVs and RWD passenger cars as well as consistent growth in overall vehicle production have triggered the growth of the live axle market. Growing demand for passenger cars is expected to positively impact the live axle market.

Asia-Oceania: Largest market for axle and propeller shaft

Asia-Oceania comprises of developing economies such as India and China, which are major global markets for automobile production. Global OEMs are investing in these countries, given the new market opportunities arising from growing economies, rising vehicle production levels as well as globally competitive automotive manufacturing hub. This is expected to have positive impact on the demand for axles and propeller shafts which would provide significant boost to large number of local and international component suppliers present in the region. Major suppliers such as Showa Corporation (Japan) and globally established players such as ZF Friedrichshafen AG (Germany) have a strong presence in this region.

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M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.

VVT Market worth 46.36 Billion USD by 2022

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VVT Market worth 46.36 Billion USD by 2022

 The report VVT & Start-Stop Systems Market by Technology (Cam Phasing and Direct Starter), Valvetrain (DOHC and SOHC), Vehicle (PC, LCV, and HC), Fuel Type (Gasoline and Diesel), Electric Vehicle (BEV, PHEV, and HEV), and Region – Global Forecast to 2022″, The VVT & start-stop system market is projected to grow at a CAGR of 5.28% and 18.86% from 2017 to 2022, respectively, to reach USD 46.36 Billion for VVT and 11.10 Billion for start-stop system by 2022. Some of the major factors responsible for the growth of the market are government regulations for reducing emissions levels and increasing electrification of vehicles.

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Cam Phasing plus Changing System: Adoption of VVT Expected to Increase in Developed Regions

Owing to increase in performance-oriented fuel-efficient vehicles and stringent emissions regulations in developed regions, the penetration of advanced VVT systems such as Cam-Phasing plus changing systems is estimated to be higher in Asia-Pacific and North America. The market for VVT systems is further estimated to increase with the increasing production of automobiles incorporated with these advanced technologies. Owing to customer’s preferences, the regional adoption of these technologies is varied. Europe is projected to witness moderate growth for VVT systems due to saturation of VVT technology in Germany, France, and Spain. High rate of technological adoption in regions like China, Japan, and South Korea is also a driving factor for the growth of these systems in Asian region.

Plug-in Hybrid and Hybrid Electric Vehicle (BEV): Promising Electric Vehicle segment for start-stop system

Electric vehicles are mainly divided into three major types on the basis of propulsion technology: battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). BEVs are totally powered by batteries, whereas HEVs and PHEVs also have the internal combustion engine. As of 2017, PHEV and HEV segments hold the largest share and are projected to grow at higher CAGR compared to other battery electric vehicle segments. The growth in PHEV and HEV segment is mainly driven by government initiatives for promoting emission-free technology.

Asia-Pacific: The largest market for VVT & start-stop system

Asia-Pacific was estimated to be the largest market for VVT & start-stop system in 2017. This is due to the increasing vehicle production in countries such as Japan, China, and India and stringent emission regulations in these countries. The region has the largest share of VVT systems globally because of increased manufacturing of vehicles equipped with these systems. The Indian market is growing at a rapid pace because of increased preference for diesel-powered vehicles, which has resulted in the demand for VVT system for diesel engines. In addition, improving socio-economic conditions in countries such as India, Thailand, and Indonesia have resulted in the growth of demand for premium segment passenger cars, which in turn has accelerated the market for VVT & start-stop system in these countries.

Many automotive manufacturers are focusing on Asia-Pacific region because of various benefits such as easy availability of economic labor, access to advanced machines, lenient regulations for environment & safety, and growing demand for vehicles due to increased FDI for automotive industry in countries like India, South Korea, and China.

The report covers all the major players in the global VVT & start-stop system market, such as Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive, PLC (U.K.), Robert Bosch GmbH (Germany), and Magna International Inc. (Canada).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.

Consumer IAM Market worth 31.75 Billion USD by 2022

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Consumer IAM Market worth 31.75 Billion USD by 2022

 The report Consumer IAM Market by Solution (Directory, Identity Proofing, Identity Authentication, Identity Analytics, Identity Administration, and Authorization), Service, Authentication Type, Deployment Mode, Vertical, and Region – Global Forecast to 2022″, The consumer Identity and Access Management (IAM) market is expected to grow from USD 14.30 Billion in 2017 to USD 31.75 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.3%.

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Growing concerns related to management of consumer identities, rise in business digitalization trends creating the need for centralization of identities, rise in adoption of IoT and smart devices, and increased need to manage stringent regulatory compliance are the driving factors of the consumer IAM market.

Identity analytics solution is expected to grow at the highest rate in the consumer IAM market

The identity analytics solution is expected to grow at the highest CAGR in the consumer IAM market, during the forecast period. Organizations are widely adopting identity analytics solutions to combat identity thefts and other advanced cyber threats, as these solutions provide automated critical identity-based authentication controls. Furthermore, the identity authentication solution is expected to have the largest market share in the consumer IAM market, during the forecast period.

Biometrics authentication type segment is expected to gain high traction in the consumer IAM market

The biometrics authentication type segment is estimated to grow at the highest CAGR from 2017 to 2022, due to high adoption of biometrics technology in Banking, Financial Services, and Insurance (BFSI), healthcare, and government sectors for advanced consumer identity authentication. The password authentication type segment is estimated to contribute the largest market size to the consumer IAM market, as it is the traditional and most widely used consumer authentication method.

Telecommunications vertical to grow at the highest rate in the consumer IAM market

The telecommunications vertical is expected to grow at the highest CAGR in the consumer IAM market, during the forecast period, as high customer volumes require seamless and secure identity management solutions. The BFSI vertical is expected to dominate the consumer IAM market, contributing the largest market share, during the forecast period, due to high requirement of consumer identity proofing and authentication for banking transactions and financial services.

North America is expected to contribute the largest market share, whereas APAC is expected to grow at the highest rate

North America is expected to have the largest market share and dominate the consumer IAM market from 2017 to 2022, due to the presence of a large number of IAM vendors across this region offering highly innovative identity proofing, identity analytics, and identity authentication solutions. On the other hand, APAC offers potential growth opportunities in the consumer IAM market, due to increasing spending for securing consumer’s identity to prevent identity theft, in the emerging economies of the region, such as China, Australia, Singapore, and India.

The major vendors in the consumer IAM market include IBM Corporation (U.S.), Microsoft Corporation (U.S.), Gigya, Inc. (U.S.), Ping Identity Corporation (U.S.), Okta, Inc. (U.S.), ForgeRock (U.S.), Janrain, Inc. (U.S.), LoginRadius, Inc. (Canada), iWelcome (Netherlands), GlobalSign (U.S.), and Trusona (U.S.), Mitek Systems (California, U.S.), and Aware, Inc. (Massachusetts, U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™
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Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.

Mobile Encryption Market worth 2,917.9 Million USD by 2022

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Mobile Encryption Market worth 2,917.9 Million USD by 2022

The report Mobile Encryption Market by Component (Solution and Services), Application (Disk Encryption, File/Folder Encryption, Communication Encryption, and Cloud Encryption), End-User Type, Deployment Type, Vertical, and Region – Global Forecast to 2022″, The mobile encryption market size is expected to grow from USD 761.4 Million in 2017 to USD 2,917.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.8%.

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The key forces driving the mobile encryption market include the proliferation of smartphones and tablets across enterprises, need for stringent compliance and regulatory requirements, and increased concerns for data security and privacy issues. Moreover, with the subsequent increase in the adoption rate of cloud-based mobile encryption solutions, the mobile encryption market is expected to gain a major traction during the forecast period.

“Disk encryption application is expected to have the largest market share in 2017.”

Disk encryption is expected to have the largest market share and dominate the mobile encryption market from 2017 to 2022, due to growing demands for hardware-based encryptions that ensure data security at the source. With the increase in the BYOD trend, employees have the freedom to carry personal devices and exchange of critical data via personal devices is made possible. Adoption of strong encryptions can protect the confidential data, even if an employee’s device is lost or stolen.

“Telecom sector is expected to grow at the highest rate during the forecast period.”

Telecom and healthcare sectors are expected to grow at the highest CAGRs from 2017 to 2022, in the mobile encryption market, due to the increase in the amount of personal and health-related data being stored on cell phones, tablets, and the Internet. The majority of the telecom companies rely on communication encryption for securing the data in motion, such as calls and messages for their customers.

“North America is expected to contribute to the largest market share; Asia Pacific to grow the fastest during the forecast period.”

North America is expected to have the largest market share and dominate the mobile encryption market from 2017 to 2022, owing to the early adoption of new and emerging technologies and the presence of a large number of players in this region. APAC offers extensive growth avenues in the mobile encryption market, owing to a widespread presence of SMEs that are implementing enhanced mobile encryption solutions to prevent unauthorized access to critical business data and unethical use of confidential information.

The major vendors providing mobile encryption solutions are Adeya SA (Morges, Switzerland), AlertBoot Data Security (Las Vegas, US), Becrypt, Ltd. (London, UK), BlackBerry Ltd. (Ontario, Canada), CSG, Inc. (Washington, US), Certes Networks, Inc. (Pennsylvania, US), Check Point Software Technologies, Ltd. (Tel Aviv, Israel), DataMotion, Inc. (New Jersey, US), Dell Technologies, Inc. (Texas, US), ESET (Bratislava, Slovakia), Gold Line Group Ltd. (Israel), Hewlett Packard Enterprise (California, US), Huawei Technologies Co. Ltd. (Shenzhen, China), IBM Corporation (New York, US), Intel Corporation (California, US), KoolSpan, Inc. (Maryland, US), MobileIron, Inc. (California, US), Open Whisper Systems (California, US), Proofpoint, Inc. (California, US), SecurStar (Munich, Germany), Silent Circle, LLC (Le Grand-Saconnex, Switzerland), Sophos Ltd. (Abingdon, UK), Symantec Corporation (California, US), T-Systems International GmbH (Frankfurt, Germany), and  Zix Corporation (Texas, US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

 

 

Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.

Global Metal Finishing Chemicals Market: Latest innovations and key events (2015-2021)

The global metal finishing chemicals market is projected to reach USD 11.21 Billion by 2021 at a CAGR of 4.7%. The metal finishing chemicals market has witnessed significant growth in the recent years, and this growth is projected to persist in the coming years as well. Metal finishing chemicals are used in a wide range of end-use industries such as automotive, industrial machinery, aerospace & defense, electrical & electronics, construction, and others as these impart properties such as corrosion resistance, wear resistance, electrical conductivity, electrical resistance, reflexivity and appearance, torque tolerance, hardness, and chemical resistance to base metal substrates.

Different types of metal finishing chemicals are also covered in the report, the main types being plating chemicals, cleaning chemicals, conversion coating, proprietary chemicals, and others. The plating chemicals type segment is estimated to have accounted for the largest market share in 2016 due to their suitability in several application areas, while cleaning chemicals is the fastest-growing type segment in the metal finishing chemicals market due to their increasing acceptance in various end-use industries such as automotive, industrial machinery, electrical & electronics, and construction. Cleaning chemicals help in effective metal finishing by fulfilling the requirement for cleaning and degreasing metal substrates before being plated. The demand for cleaning chemicals is growing as these chemicals remove oils and coolants, lapping compounds, carbon smut, metal oxides, and most other oils deposited on metal surfaces during various metal finishing processes.

Metal finishing chemicals are used in various end-use industries such as automotive, industrial machinery, electrical & electronics, aerospace & defense, construction, and others, which are the main end-use industries considered in the report. In 2015, the automotive end-use industry accounted for the largest market share, in terms of value, followed by electrical & electronics, industrial machinery, construction, and others. The construction industry is projected to grow at the highest CAGR from 2016 to 2021 among all the end-use industries considered. Metal finishing is done on metal substrates to obtain excellent corrosion resistance, wear resistance, electrical conductivity, electrical resistance, reflexivity and appearance, torque tolerance, hardness, and chemical resistance, and thus are in high demand for construction applications such as frames for doors and windows, aluminum, steel, and zinc metal finishing.

North America, Europe, Asia-Pacific, Middle East & Africa, and South America are the main regions considered for the metal finishing chemicals market in the report. North America is the largest metal finishing chemicals market. The rising demand for metal finishing chemicals in this region is mainly driven by their increased use in electrical & electronics and automotive industries. Europe is the second-largest consumer and manufacturer of metal finishing chemicals, globally. The Asia-Pacific region is the fastest growing region in the metal finishing chemicals market, which is mainly driven by the growing demand from the automotive industry and also from the growing industrial machinery end-use sector. Automotive and electrical & electronics are the top two end-use industries contributing to the growing demand for metal finishing chemicals globally. The Middle East & Africa is the second fastest-growing region after the Asia-Pacific region due to the growing electrical & electronics industry.

Metal Finishing Chemicals Market

Though the metal finishing chemicals market is growing at a significant rate, a few factors such as the high price of raw materials, shift of the end-use market from developed countries to emerging countries, and the rising cost of production hinder the growth of the market, globally.

Atotech Deutschland GmbH (Germany), Chemetall (Germany), The Dow Chemical Company (U.S.), Elementis plc (U.K.), and Platform Specialty Products Corporation (U.S.) are the leading companies in this market. These companies are projected to account for a significant share of the market in the near future. Entering into related industries and targeting new markets will enable the metal finishing chemicals manufacturers to overcome the effects of volatile economies, leading to diversified business portfolios and increase in revenues. Other major metal finishing chemicals manufacturers are, Advanced Chemical Company (U.S.), Coral Chemical Company (U.S.), Houghton International, Inc. (U.S.), McGean-Rohco, Inc. (U.S.), and NOF Corporation (Japan).

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Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.

Medical Radiation Detection, Monitoring & Safety Market to observe high growth by 2017 – 2021

The global medical radiation detection, monitoring, and safety market is expected to reach USD 1,215.4 Million by 2021 from USD 887.0 Million in 2016, at a CAGR of 6.5% from 2016 to 2021.  This market is segmented based on detectors, detection and monitoring products, safety products, end users, and regions.

Growth in the medical radiation detection and monitoring market is mainly driven by factors such as increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, growing worldwide prevalence of cancer, increasing safety awareness among people working in radiation-prone environments, and the growing number of people covered by insurance. On the other hand, product approval delays due to stringent regulatory guidelines are expected to challenge market growth to a certain extent.

On the basis of detector, the medical radiation detection and monitoring market is segmented into gas-filled detectors, scintillators, and solid-state detectors. In 2016, the gas-filled detectors segment dominated the global medical radiation detection and monitoring market. The growth of this segment is mainly due to the favorable performance-to-cost ratio of gas-filled detectors coupled with their wide application in the medical imaging field.

On the basis of product, the medical radiation detection and monitoring market is classified into personal dosimeters, area process monitors, environment radiation monitors, surface contamination monitors, radioactive material monitors, and other products. In 2016, the personal dosimeters segment accounted for the largest share of the medical radiation detection and monitoring market. The growth of this segment can be attributed to the high demand for personal dosimeters in the medical field.

On the basis of product, the medical radiation safety market is segmented into full-body protection products, face protection products, hand safety products, and other safety products. In 2016, the full-body protection products segment accounted for the largest share of the medical radiation safety market. The increase in the number of radiological procedures and awareness among physicians, radiologists, and patients are driving the growth of the full-body protection products market.

On the basis of end user, the medical radiation detection, monitoring, and safety market is segmented into hospitals and non-hospitals. In 2016, the hospitals segment accounted for the largest share and is projected to grow at the highest rate during the forecast period. The increasing number of hospitals across the globe is a major factor fueling the market growth in this end-user segment.

Medical Radiation Detection, Monitoring & Safety Market

The global medical radiation detection, monitoring, and safety market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). In 2016, North America accounted for the largest share of the global market. However, Asia is expected to witness the highest CAGR during the forecast period. This growth can be attributed to the growing number of hospitals, rising incidence of cancer, increasing installations of radiological imaging systems, and rising adoption of radiation therapy for the treatment of diseases.

The key players in the global medical radiation detection, monitoring, and safety market are Landauer, Inc. (U.S.), Mirion Technologies, Inc. (U.S.), IBA Worldwide (Belgium), Thermo Fisher Scientific (U.S.), Sun Nuclear Corporation (U.S.), Ludlum Measurements, Inc. (U.S.), Radiation Detection Company, Inc. (U.S.), Biodex Medical Systems, Inc. (U.S.), Arrow-Tech, Inc. (U.S.), Fluke Biomedical (U.S.), AmRay Medical (Ireland), Infab Corporation (U.S.), and PTW Freiburg GmbH (Germany).

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Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.

Polyethylene foams market: Latest Trends,Analysis & Insights 2021

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The polyethylene (PE) foams market is projected to reach USD 3.64 Billion by 2021, at a CAGR of 5.8% from 2016 to 2021. This growth is mainly driven by the increasing demand for PE foams from the automotive, packaging, building & construction, and sports & recreational end-use applications. In addition, high demand for PE foams from the Asia-Pacific region and their eco-friendly nature have contributed to the growth of this market.

In 2015, the protective packaging segment accounted for the largest market share, in terms of volume and value, followed by the automotive end-use application segment. PE foams help reduce the overall mass of products, thereby making them lightweight and minimizing transportation costs. Owing to its insulation property, PE foams are widely demanded as a protective packaging material for food trays, fruit trays, tableware, and cap liners.

Based on type, the XLPE segment of the polyethylene foams market is projected to grow at the highest CAGR between 2016 and 2021. Although XLPE foam material is costly, because of its superior thermal stability and insulating properties, it is demanded in most of the end-use applications such as medical, automobile, protective packaging and others.

The polyethylene foams market in the Asia-Pacific region is expected to grow at the highest CAGR between 2016 and 2021, in terms of value and volume. This growth is mainly attributed to high economic growth, followed by heavy investments across industries, such as automotive, building & construction, and manufacturing in the Asia-Pacific region.

Polyethylene (PE) Foams Market

One of the most significant factors restraining the growth of the polyethylene foams market includes volatility in raw material prices. This further causes fluctuations in the prices of PE foam products.

Key players operating in the polyethylene foams market include Armacell (Germany), JSP (Japan), Zotefoams Plc. (U.K.), The Dow Chemical Company (U.S.), and Sealed Air Corporation (U.S.), among others. Diverse product portfolio, strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are factors strengthening the market position of these companies. These companies have adopted various organic and inorganic growth strategies to enhance their current market share in the polyethylene foams market.

Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.

Micro LED Market Technological breakthroughs By 2025

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The micro-LED market is estimated to be USD 254.1 Million in 2017 and is likely to reach USD 19,921.3 Million by 2025, at CAGR of 54.7% between 2019 and 2025. Increasing demand for brighter and more power efficient display panels for several applications is the main driver of the market. The market is also driven by factors such as increase in applications, high adoption rate of near-to-eye (NTE) devices, and increasing interests from electronics giants Apple and Sony. Devices based on micro-LED technology are expected to be used in various sectors such as consumer electronics, retail, automotive, education, and others in the near future.

The report covers the market in terms of offering, vertical, application, and geography. The cconsumer electronics vertical is expected lead the micro-LED market in terms of market share in 2019, and same trend is likely to continue till 2025. The high acceptance rate of newer display technology in consumer electronics devices (such as smartphones, tablets, TVs, PC monitors, laptops, and smart wearables), which are always in high demand, is the main reason for the largest market share of consumer electronics. The retail industry is also expected to capture a significant share in the micro-LED display market.

North America is expected to hold the largest share of the market between 2019 and 2025 owing to high adoption rate of newer display and lighting technology, especially in the US, which is a major contributor to the growth of the market in the region. APAC is expected to grow at the highest rate between 2019 and 2025 due to the presence of major panel, LED, and brand product manufactures in this region. Due to this and the large consumer population in the region, companies usually launch their new display and lighting products in APAC.

Micro-LED Market

Rising demand for OLED displays, high growth of the flexible display market and adoption of folded displays for smartphones in the near future, and saturated shipment of TV and PC monitors in 2015 and 2016 are the major restraints for the growth of the micro-LED market. Maintaining the balance in tradeoff between pixel volume and pixel density, necessity to adapt different manufacturing processes as well as make the equipment compatible and associated costs, and improve mass transfer of micro-LEDs with high yield are the key challenges faced by micro-LED technology developers. This report comprises drivers, restraints, opportunities, and challenges pertaining to the micro-LED market; analysis of the current market scenario; and market size forecasts till 2025.

Major companies operating in this market are Apple, Inc. (U.S.), Sony Corp. (Japan), and Oculus VR (U.S.). The other leading players in the micro-LED market include VerLASE Technologies LLC (U.S.), X-Celeprint Ltd. (Ireland), Ostendo Technologies Inc. (U.S.), Cooledge Lighting Inc. (Canada), Aledia (France), GLO AB (Sweden), Rohinni LLC (U.S.), and Epistar Corp. (Taiwan), among many others.

Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.

Lighting market LED Lighting Dominates Public Street Lighting Strategy

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The Lighting market for Automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach USD 29.97 Billion by 2022. The market growth can be attributed to the increase in vehicle production and lighting applications, especially in passenger cars. Alternatively, the electrical vehicle lighting market is projected to grow at a CAGR of 23.90% during the forecast period. This growth can be attributed to the increase in sales of electric vehicles as a result of emission regulations and government subsidies for these vehicles.

The global Lighting market for Automotive is segmented based on the position into front, rear, side, and interior. The front lighting market is expected to showcase the largest market with halogen as the predominant technology in this position. In terms of lighting technology, the market is segmented into Halogen/incandescent, Xenon/HID, and LED.  The LED segment is projected to grow at the fastest rate from 2017 to 2022. This growth can be attributed to the benefits of LED lighting such as bright illumination, lower temperature and energy consumption, and flexibility in designing, which has also popularized the technology in interior lighting. The passenger car segment is projected to lead the automotive lighting market, in terms of volume and value as well as growth rate, followed by light commercial vehicles (LCV), trucks, and buses.

The Lighting market for Automotive is segmented by application into exterior (Head, Side, Tail, Fog, DRL, and CHMSL) and interior (dashboard, glovebox, reading, dome, and rear view mirror).

The study segments the adaptive lighting market, by position, into front adaptive and rear adaptive lighting. The front adaptive lighting is expected to be the largest and fastest growing market by 2022. The front adaptive lighting considers functions such as Auto-On/OFF, High Beam Assist, Cornering Lights, Headlight Leveling, and Bending Lights. Auto-On/OFF is expected to be the largest market whereas Headlight Leveling is expected to be the fastest growing market.

China and India together contribute 35% of the global vehicle production and approximately 34% of the global passenger car production. Due to this, Asia-Oceania is estimated to be the largest and fastest growing market for automotive lighting. The Chinese buyers, in particular, are becoming sophisticated as they are ready to upgrade to newer and better models. Also, technologies such as ambient lighting and adaptive lighting are gaining pace in these markets. Hence, these factors contribute to a positive growth in the Asia-Pacific automotive lighting market.

Lighting Market for Automotive

Factors restraining the growth of the market are fluctuating raw material prices and high R&D cost. The innovations require technological advancement, which incur heavy cost and hinder the R&D development.

The Lighting market for Automotive is dominated by players like Hella KGaA Hueck & Co. (Germany), Osram (Germany), Magneti Marelli (Italy), Koito Manufacturing Co., Ltd (Japan), and Stanley Electric (Japan).

Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.

Liquid Applied Membrane Market for Global Construction Industry 2017-2021

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The liquid applied membrane market is projected to reach USD 20.84 Billion by 2021, at a CAGR of 6.3% from 2016 to 2021. The liquid applied membrane market has witnessed high growth in the recent years, and this growth is projected to continue in the near future owing to the increase in residential housing projects, need for cost effective construction, and the rise in the construction of energy efficient buildings.

The varied types of liquid applied membranes considered in this report include, bituminous, elastomeric, and cementitious. Bituminous is the largest type in terms of volume due to its lower price, ease of application, effective water proofing, and excellent structural properties. Elastomeric membrane is the fastest growing type segment due to its eco friendly nature, heat resistant properties, low installation, and low labor costs associated with it.

The varied applications of liquid applied membranes include roofing, underground construction, walls, and others. Roofing is the largest application segment in the liquid applied membrane market, in terms of value and volume, owing to the increasing consumption of liquid applied membranes in green roofing and increasing residential and commercial buildings. Walls is the fastest growing segment due to the increasing use of liquid applied membranes for exterior walls.

On the basis of end-use industry, the liquid applied membrane market has been segmented into, residential construction, commercial construction, and public infrastructure construction end-use industries. The residential construction end-use industry is the largest owing to the increasing residential building projects being constructed to meet the housing needs of populations. Public infrastructure is the fastest growing end-use industry due to the increasing use of liquid applied membranes for bridges, tanks, buildings, tunnels, and other underground constructions.

Based on region, the liquid applied membrane market has been segmented into the Asia-Pacific region, North America, Europe, the Middle East & Africa, and South America. The Asia-Pacific region is leading the liquid applied membrane market in terms of volume followed by North America and Europe. The booming residential construction end-use industry and rise in public infrastructural developments are factors contributing to the growth of the liquid applied membrane market in the Asia-Pacific region.

Liquid Applied Membranes Market

The key restraining factors in the global liquid applied membrane market are, the slow growth in the construction industry, and the high risk associated with the spray drying production process of liquid applied membranes. Moreover, companies such as, Sika AG (Switzerland), Carlisle Companies Inc. (U.S.), BASF SE (Germany), Soprema Group (France), Kemper System America Inc. (U.S.), Saint Gobain (France), The Dow Chemical Company (U.S.), Johns Manville Corporation (U.S.), GCP Applied Technologies, Inc. (U.S.), and Henry Company LLC (U.S.) are investing in R&D activities to launch new products and strengthen their positions in this market.

Abhimanyu Gunjal is a corporate communications associate For ICT and Cyber security at MarketsandMarkets.