Categories
Chemical

Global Automotive Lubricants Market to Expand at a CAGR of 5.3% Through 2026

The latest report by Fact.MR opines that automotive lubricants have witnessed plenty of developments in the past few years and have offered convenient enhancements. Over the forecast period, the market is set to witness a positive growth, and to gain remunerative momentum in emerging countries, thus giving an impetus to the automotive lubricants market.

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Moreover, a study conducted by the International Energy Agency (IEA) reveals that, by the end of 2050, oil demand from road freight may increase by 5 million barrels per day. With the rising number of vehicles, and the development of the transportation sector, the global market for automotive lubricants continues to grow. Properties such as high-level thermal stability, low freezing point, and high boiling point are helping to improve the overall performance of the engine. These are factors that are likely to push the automotive lubricants market during the forecast period.

In the automotive lubricants market several expansion projects are in line by the prominent players such as Royal Dutch Shell PLC, ExxonMobil, Chevron, Total S.A., FUCHS, and others.

automotive lubricants market analysis

For instance, in October 2018, Total S.A. invested ~ USD 50 million for its production plant in the Kaluga region, Russia. The plant is designed to scale up the manufacturing capacity from 40,000 tons to 70,000 tons per annum.  This strategic move will allow Total to capture the local automotive lubricants market. Similarly, on 3rd September 2019, FUCHS Petrolub SE joint ventured a project with OPET Petrolcülük located in Izmir, Turkey. With an investment of EUR 24 million, the plant can produce 60,000 tons per annum.

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Bio-based Automotive Lubricants, A Key Market Trend

The study opines that due to adverse effects, the governments in many countries are taking stringent regulatory action to control the harmful impact on the environment caused by transportation-related activities. Governing bodies and international organizations are implementing new rules and regulations to reduce the carbon emission levels released from vehicles. Above mentioned circumstances are set to reduce the use of gasoline and diesel engine cars in the forecast period. For instance, in December 2015, the Paris climate conference put in optimistic efforts to maintain climate change by introducing several innovating technologies to limit greenhouse gas emissions. All these factors create new opportunities for bio-based and high-performance automotive lubricants.

Automotive Lubricants Market: Segmentation

Fact.MR has segmented the automotive lubricants market on the basis of lubricants, base oil, vehicle and region

Lubricants
  • Engine Oil
  • Gear Oil
  • Brake Oil
  • Grease
  • Other Fluids
Base Oil
  • Fully Synthetic Oil
  • Semi-synthetic Oil
  • Mineral Oil
Vehicle
  • LCV
  • HCV
  • Midsize Vehicles
  • Compact Vehicles
  • Premium Class Vehicles
  • Luxury Vehicles
  • Other vehicle types
Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

.

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Asia to Account for 40% of the Market Share

Asia dominates the automotive lubricants market accounting ~ 40 percent share of the global market. Due to an increase in automobile ownership levels, incorporation of advanced engines, and consistent investments in transportation activities, Asia’s supremacy is set to continue in the automotive lubricants market.

Furthermore, China is the biggest automotive lubricants market, followed by the United States and India. In India, there is a significant potential for growth of the automotive lubricants market. Additionally, India is expected to show a growth rate of around 6% annually.

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Industrial Goods

How is Rising Growing Environmental Awareness Fuelling Sales of Landfill Gas

Demand for alternative power sources has become more prominent since the past decade, raising the market value for landfill gas substantially. Growing adoption and comprehensive usage of renewable power sources such as solar energy will have significant contribution in raising the revenue of landfill gas suppliers.

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The latest edition of the landfill gas market study by Fact.MR talks about new trends, growth & restraining factors, and impact of COVID-19, while emphasizing on potential regions such as North America, Europe, and Asia Pacific. As per the report, the global landfill gas market is projected to ascend at over 5% CAGR through 2031.

landfill gas market

Key Takeaways from Study

  • Application in direct and upgraded usages to fuel sales

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  • Germany remains at the forefront of the world’s largest landfill gas industry – Europe
  • The United States to lead North America for landfill gas demand
  • China to dominate in the world’s fastest-growing landfill gas industry – Asia Pacific
  • The United Kingdom, Canada, India, Japan, and a few other countries to remain lucrative markets

Segmentation by Category

Application

  • Direct Use
  • Upgraded
  • Others

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Region

  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

Highly Beneficial Properties of Landfill Gas Propelling Demand

As natural gas has gained traction over the past decade, landfill gas suppliers have come across higher demand from around the globe. Some of the driving factors bolstering the sales of landfill gas are-

  • Modern landfill gas is eco-friendly
  • Highly helpful in segregating hazardous waste
  • Cost-effective
  • Helps in keeping the environment clean
  • Landfills support local business and jobs

According to a report titled “Landfill Methane Outreach Program”, published by the United States Environmental Protection Agency (EPA) on 4th May 2020, there are several benefits of landfill gas energy projects, such as-

  • Reduce greenhouse gas emissions
  • Reduce air pollution by offsetting the use of non-renewable resources
  • Create health and safety benefits
  • Beneficial for the community and economy
  • Reduce environmental compliance costs

These signify the high requirement for landfill gas, which is subject to spur the growth of players in this industry over the coming years.

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Industrial Goods

Sales of Generator Across the Globe to Reach US$ 39,000 Mn in Revenues by 2026-end

Uninterrupted power supply, supported by efficient power back-up, is crucial across sectors such as industrial, residential, and commercial. Erratic supply of power, especially in underdeveloped and developing regions of the world, is the main driver for high demand for generators. Despite growing environmental concerns about the usage of diesel across the world, demand from the industrial sector is expected to be over 30% over the coming years.

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Fact.MR has also observed that bigger players leveraging their business expertise to provide seamless power supply for a wide array of operations undertaken by business corporations and enterprises.

Overall, the global generator market is set to expand at a steady CAGR of around 5% through 2030, as per Fact.MR analysis.

generator market

Key Takeaways from Global Generator Market Report

  • In terms of revenue, North America is forecasted to account for one-third of overall global demand by 2030. Rapid development of commercial establishments and industries aiming to increase productivity is boosting adoption.

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  • Asia Pacific excluding Japan (APEJ) will remain the fastest-growing market in terms of value, due to unstable power supply in many areas of the region.
  • Among the fuel types, demand for diesel generators will remain strong, accounting for 3 out of every 4 generators sold worldwide.
  • Due to high industrial demand for generators, the largest size of above 1000 kVA will be most sought-after across regions.
  • Both, stationary and portable generators will witness more or less the same sales, when calculated by value.
  • The industrial sector will continue to be the main end user of generators through 2030.
  • With easing of restrictions that were brought about by the COVID-19 pandemic, industrial activity has picked up, and, as such, the global generator market is slated to get back to its normal growth trajectory over the coming months.

High Investment Required & Regulatory Policies to Impact Consumption

As technology progresses at a fast pace, generators are becoming more and more advanced; though investment required for most high-power generators remains high. Environmental concerns have prompted many governments to push for the use of machinery that utilises renewable energy resources, aligned with the laid regulatory frameworks on industrial operations. These factors can potentially be major barriers in the adoption of generators in the future.

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Market Competition 

Some of the main competitors tracked and analysed by Fact.MR in the global generator market are Yamaha Motor Corporation, SDMO, Mitsubishi Heavy Industries Ltd., Kubota Corporation, Kirloskar Oil Engines Limited, General Electric Corporation, Doosan Corporation, Cooper Corporation, and AKSA Power Generation.

Valuable Insights into Global Generator Market Report

In its latest report, Fact.MR has presented a detailed analysis of the global generator market, along with an assessment for the years 2020 to 2030. In order to provide a better understanding, the market has been segregated into several segments on the basis of region (Asia Pacific Excluding Japan [APEJ], Europe, Latin America, the Middle East and Africa, Japan, and North America), application (portable and stationary), capacity (0-100 kVA, 100-350kVA, 350-1000kVA, and above 1000kVA), fuel (diesel and gas), and end use (commercial, industrial, and residential). All major economies and regions have been studied and reported under which all the different segments and the response of the market has been analysed extensively.

Why Choose Fact.MR?

  1. Deliver updated information on the current industry trends
  2. Available 24/7 to facilitate clients with unbiased solutions
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  4. Exhaustive supply chain augmentation analysis
  5. Provide reports strictly according to the requirements of the clients

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Automotive

How are Premium Car Sales Influencing Automotive Headliners Market Developments

Companies in the Automotive Headliners Market are increasing their efforts to safeguard the health of workers and employees, resulting in shutdown of production plants and trade activities due to the novel COVID-19 (Coronavirus). Learn how companies in the Automotive Headliners Market are responding to emergency situations of its clients to maintain smooth flow of business activities. This and many more business strategies are enclosed in our reports that share information on alternate tactics to capitalize on rare opportunities owing the spread of Coronavirus.

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Award-winning consulting firm Fact.MR has published a new report on the global textile coatings market for the forecast period of 2021-2031. As per its analysis, the market is anticipated to surpass US$ 5 billion in revenue, expanding at a CAGR of approximately 4% across the aforementioned decade. Demand is majorly underpinned by extensive uptake in industrial clothing and medical hygiene.

automotive headliners market

Historically, the market accrued impressive gains, and was valued at over US$ 3 billion in 2016. Application prospects are also broadening within the geotextiles segment, as the global construction industry increasingly demands materials that possess enhanced mechanical response, advanced filtration capacities, and high chemical resistance.

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Markets in Asia Pacific are slated to exhibit maximum growth, attributed to increasing construction activities across such key countries such as China and India. These countries are augmenting their reliance on geotextiles so as to render their infrastructure development projects highly durable and long-lasting. It is projected that China, India, and the United States will collectively contribute nearly 60% of total construction output by 2030, thereby increasing demand for robust construction material.

Key Takeaways from the Market Study

  • By raw material, thermoplastics to reign supreme, generating over 80% of market revenue, with high preference for polyurethane

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  • By end use, medical hygiene products to witness increased application of textile coatings
  • Demand for full textile coatings anticipated to surge over coming years
  • The market in the U.S. likely to surpass the billion dollar mark amid extensive uptake across industrial clothing and sports apparel sectors
  • Heavy investments in domestic apparel market to heighten demand across India
  • China to emerge as a heavyweight in textile coatings in Asia Pacific

Competitive Landscape

BASF SE, Clariant AG, Covestro AG, Du Pont, Huntsman International LLC, Omnova Solutions Inc., Solvay SA, Sumitomo Chemical Co. Ltd., Tanatex Chemicals B.V., and The Lubrizol Corporation are some key textile coating manufacturers operating in the global landscape.

  • Covestro AG, a prominent functional textiles player, offers a broad range of high quality water-based polyurethane (PU) coatings to include superior elasticity, durability and water resistance. Its major brands include Dureflex®, Imprafix®, Impranil®, Impraperm® and Platilon®
  • In December 2020, Huntsman International announced an agreement to acquire Gabriel Performance Products for a sum of US$ 250 million. The objective of this move was to enable the company expand its specialty chemicals business portfolio, including textile coatings

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Industrial Goods

Revenues from Sales of Air Conditioning Systems to Surpass US$ 175,000 Mn by 2026-end

According to Fact.MR’s recently compiled report, the global air conditioning system market will record a CAGR of over 6% during the forecast period 2017 to 2026, in terms of value. Global sales of air conditioning systems are estimated to exceed 240,000 Mn units by 2026-end.

Smart Thermostats Becoming the Control Element for Air Conditioning Systems

The concept of connected home is witnessing a gradual rise over the past few years. Morphing of devices such as a basic thermostat into the breed of power smart thermostats has depicted the way residential appliances must adapt, re-invent and re-imagine their role in a connected home. Currently, powerful smart thermostats are the control element for air conditioning systems in connected homes.

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Owing to their benefits of monitoring temperature through computers and mobile devices, these thermostats are gaining momentum in small- and medium-sized commercial buildings. With the help of solar panels providing outdoor temperature information, smart thermostats are capable of altering a home’s cooling system depending up on the requirement. Smart thermostat for air conditioning systems range from basic and functional to sophisticated and feature-rich. In addition, the development of digitally programmable thermostats feature both efficiency- and comfort-enhancing functionality, with their remote access and smart technology.

global air conditioning system market

Manufacturers Moving toward Greener & Cleaner Cooling Direction

Evolving government mandates dictate equipment manufacturers to shift their focus toward adoption effective alternatives to chemicals, which prevent adverse impacts on the environment. In the cooling arena, manufacturers are now replacing chemical refrigerants emitting GHG such as HFCs, HCFCs and CFCs, with less hazardous green agents that prevent depletion of ozone layer and impact on global warming. The non-synthetic & naturally occurring substances capable of being utilized as cooling agents in air conditioning systems include water, air, ammonia, CO2 and hydrocarbons such as cyclopentane, butane and propane.

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For OEMs manufacturing air conditioning systems, new challenges are brought by these government regulations in selecting best quality refrigerant and components for handling the specific refrigerant’s performance characteristics and technical challenges. This implies an imperative first step towards a greener and cleaner cooling direction.

5 Key Projections on Future of Air Conditioning System Market for Forecast Period 2017-2026

  • North America is expected to remain the most remunerative market for air conditioning system, with revenues estimated to reach nearly US$ 60,000 Mn by 2026-end. In terms of value, Asia-Pacific excluding Japan (APEJ) is projected to be the fastest expanding market for air conditioning system through 2026. In addition, Europe will account for the second largest revenue share of the market by 2026-end. In contrast, Japan will account for the smallest revenue share of the market during the forecast period.
  • Chillers air conditioning systems are expected to remain dominant in the market, in terms of revenues. Nearly equal market revenue shares are projected to be accounted by window air conditioning systems and single-packaged air conditioning systems through 2026. In addition, window and split air conditioning systems are projected to register a parallel sales expansion through 2026, in terms of value.
  • Industrial applications of air conditioning systems will continue to be the most profitable in the market, closely trailed by their commercial applications.
  • B2B and independent electronic stores will endure as the leading sales channel for air conditioning system in terms of revenues. However, in terms of value, authorized stores will witness the fastest expansion in sales of air conditioning systems through 2026.
  • Presence of numerous leading players has made the market highly competitive, with majority of these manufacturers competing on the basis of energy efficiency. Key players profiled in the report include Daikin Industries Ltd., Mitsubhishi, Qingdo Haier, Samsung Electronics, LG Electronics, Electrolux, Panasonic, UTC, Hitachi, Gree Electric Appliances, Sharp Corp, Carrier Corp, Midea Group Co. Ltd., and Johnson Controls.

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Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

Why Choose Fact.MR?

  1. Deliver updated information on the current industry trends
  2. Available 24/7 to facilitate clients with unbiased solutions
  3. Embrace digital technologies to offer accurate business ideas
  4. Exhaustive supply chain augmentation analysis
  5. Provide reports strictly according to the requirements of the clients

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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.

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Industrial Goods

Demand for Iris Recognition Digital Door Lock Systems to Gain Traction Through 2026

According to a new study by Fact.MR, the global sales of elevators are estimated to surpass 900 thousand units in 2019. The elevators industry continues to remain influenced by various factors, which range from the resurgent growth in new residential construction, to innovative developments in modern elevator designs such as cloud predictive maintenance and intuitive technologies.

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The study opines that demand for elevators shows no signs of abating alongside notable growth in the commercial, residential, as well as industrial construction activities. The elevators industry remains one of the most innovative business areas, influenced by international and national regulatory standards, which have encouraged leading players to introduce ground-breaking developments that lead to significant cost-savings for customers. 

global digital door locks system market

The trend of Building Information Modelling (BIM) continues to remain a key growth determinant of the elevators market, as it involves the rules & regulations and planning infrastructure with digitalization concepts that involves implementation of IoT and cloud-based solutions. The elevators industry, studded with innovation, is likely to help manufacturers to identify and resolve future challenges entailed by macro-trends such as rapid urbanization and demographic change.

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Growing space constraint associated with the construction of separate commercial and residential buildings, particularly in metro cities, has driven the trend of ‘Mixed-use Development’ in the real-estate sector. This has been creating a fresh room for development and sales of elevators that eliminate the requirement for machine rooms. According to the study, elevator sales in mix block infrastructures will grow at a significant pace, and are estimated to exceed 150 thousand units in 2019.

The Fact.MR study opines that single deck elevators remain the preferred category among customers, accounting for nearly 80% sales. Sales of double deck elevators are estimated to grow at a relatively greater pace, in light of their requirement for less core space in buildings. Additionally, the trend of using one part of the double-deck elevators for carrying goods to prevent damages associated with the use of trolleys, has been significantly complementing their adoption, particularly among commercial infrastructures.

‘Smart’ Continues to be the Buzzword in Elevators Landscape

The study indicates that increasing demand for jerk- and shock-proof, faster vertical transit in high-rise buildings – future skyline of metropolitan cities – has rubbed off on technology advancements in the elevators market. This, coupled with regulatory mandates on manufacturers apropos of safety and quality, continue to favor growth of the elevators market.

IoT-connected smart elevators have gained immense traction in the recent past, with manufacturers directing their focus toward integration of technologies that notify faults and errors in the equipment prior to their occurrence, thereby saving time and money for customers. Proliferation of IoT in the elevators market has meant that modern equipment are witnessing notable advancements such as prediction of traffic in real-time, ease & convenience in communication with service teams, and mobile-application based elevator operations.

According to the study, Asia Pacific is likely to account for a significant share of global construction spending over the assessment period, driven by the growing infrastructure development, particularly in China and India. The exponential growth in the residential sector and construction activity across Asia Pacific region has resulted in growing application of elevators. Manifold factors such as demographic changes, and rising demand for skyscrapers are likely to reinforce the demand for modern building infrastructure, including elevators in the coming years.

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Fact.MR study offers a long-term outlook of the elevators market for the period 2019 to 2029. The elevators market is projected to register a volume CAGR of nearly 10% through 2029.

Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

Why Choose Fact.MR?

  1. Deliver updated information on the current industry trends
  2. Available 24/7 to facilitate clients with unbiased solutions
  3. Embrace digital technologies to offer accurate business ideas
  4. Exhaustive supply chain augmentation analysis
  5. Provide reports strictly according to the requirements of the clients

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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:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

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Industrial Goods

What are the Key Growth Drivers of Elevators Market

According to a new study by Fact.MR, the global sales of elevators are estimated to surpass 900 thousand units in 2019. The elevators industry continues to remain influenced by various factors, which range from the resurgent growth in new residential construction, to innovative developments in modern elevator designs such as cloud predictive maintenance and intuitive technologies.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=408

The study opines that demand for elevators shows no signs of abating alongside notable growth in the commercial, residential, as well as industrial construction activities. The elevators industry remains one of the most innovative business areas, influenced by international and national regulatory standards, which have encouraged leading players to introduce ground-breaking developments that lead to significant cost-savings for customers. 

elevators market snapshot

The trend of Building Information Modelling (BIM) continues to remain a key growth determinant of the elevators market, as it involves the rules & regulations and planning infrastructure with digitalization concepts that involves implementation of IoT and cloud-based solutions. The elevators industry, studded with innovation, is likely to help manufacturers to identify and resolve future challenges entailed by macro-trends such as rapid urbanization and demographic change.

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Growing space constraint associated with the construction of separate commercial and residential buildings, particularly in metro cities, has driven the trend of ‘Mixed-use Development’ in the real-estate sector. This has been creating a fresh room for development and sales of elevators that eliminate the requirement for machine rooms. According to the study, elevator sales in mix block infrastructures will grow at a significant pace, and are estimated to exceed 150 thousand units in 2019.

The Fact.MR study opines that single deck elevators remain the preferred category among customers, accounting for nearly 80% sales. Sales of double deck elevators are estimated to grow at a relatively greater pace, in light of their requirement for less core space in buildings. Additionally, the trend of using one part of the double-deck elevators for carrying goods to prevent damages associated with the use of trolleys, has been significantly complementing their adoption, particularly among commercial infrastructures.

‘Smart’ Continues to be the Buzzword in Elevators Landscape

The study indicates that increasing demand for jerk- and shock-proof, faster vertical transit in high-rise buildings – future skyline of metropolitan cities – has rubbed off on technology advancements in the elevators market. This, coupled with regulatory mandates on manufacturers apropos of safety and quality, continue to favor growth of the elevators market.

IoT-connected smart elevators have gained immense traction in the recent past, with manufacturers directing their focus toward integration of technologies that notify faults and errors in the equipment prior to their occurrence, thereby saving time and money for customers. Proliferation of IoT in the elevators market has meant that modern equipment are witnessing notable advancements such as prediction of traffic in real-time, ease & convenience in communication with service teams, and mobile-application based elevator operations.

According to the study, Asia Pacific is likely to account for a significant share of global construction spending over the assessment period, driven by the growing infrastructure development, particularly in China and India. The exponential growth in the residential sector and construction activity across Asia Pacific region has resulted in growing application of elevators. Manifold factors such as demographic changes, and rising demand for skyscrapers are likely to reinforce the demand for modern building infrastructure, including elevators in the coming years.

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Fact.MR study offers a long-term outlook of the elevators market for the period 2019 to 2029. The elevators market is projected to register a volume CAGR of nearly 10% through 2029.

Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

Why Choose Fact.MR?

  1. Deliver updated information on the current industry trends
  2. Available 24/7 to facilitate clients with unbiased solutions
  3. Embrace digital technologies to offer accurate business ideas
  4. Exhaustive supply chain augmentation analysis
  5. Provide reports strictly according to the requirements of the clients

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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:

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Tel: +1 (628) 251-1583

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Jumeirah Lakes Towers,
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Email: sales@factmr.com
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Categories
Automotive

Backhoe Loaders with 80-100 Engine Horsepower to Witness Resilient Growth

Companies in the Backhoe Loaders Market are increasing their efforts to safeguard the health of workers and employees, resulting in shutdown of production plants and trade activities due to the novel COVID-19 (Coronavirus). Learn how companies in the Backhoe Loaders Market are responding to emergency situations of its clients to maintain smooth flow of business activities. This and many more business strategies are enclosed in our reports that share information on alternate tactics to capitalize on rare opportunities owing the spread of Coronavirus.

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Global backhoe loaders market has witnessed considerable growth in the past few years in the residential and construction sector, owing to rapid population expansion and a significant rise in household disposable incomes in the developed as well as developing countries. The growth in the number of construction projects, is anticipated to have a high impact on the backhoe loaders market over forecast period. The report estimates that, as compared to 2019, the market will witness a 1.4X growth to reach a valuation of ~US$ 3.5 Bn by the end of 2026.

backhoe loaders market 1

Further, agriculture sector is likely to emerge as an attractive end use segment in the global backhoe loaders market, and is expected to capture 22% of the overall absolute dollar opportunity created over the forecast period.

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In addition, factors such as significant mining activities, increasing energy requirements, and presence of leading backhoe loaders manufacturers will continue to support the backhoe loaders market especially in Asia Pacific excluding Japan, Europe, and North America, reveals Fact.MR.

Key Takeaways of Backhoe Loaders Market

  • Construction industry remains a major end-use sector for backhoe loaders owing to which it is foreseen to grow by a value CAGR of 4.7% across the forecast duration
  • Collectively, agriculture and mining industries account for ~42% of the overall value share in the global backhoe loaders market

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  • Under 80 HP backhoe loaders engines are estimated to account for ~32% in the overall absolute dollar opportunity created over the forecast period. However, 80 HP to 100 HP backhoe loader engines are projected to expand ~1.5 times by the end of the forecast period
  • Owing to multiple benefits such as higher efficiency, performance, and versatility, center pivot and sideshift backhoe loaders are expected to expand ~1.5 times by 2026 end
  • Collectively, Asia Pacific Excluding Japan and North America are estimated to hold 64% share in the overall value opportunity created in the global market
  • Asia Pacific Excluding Japan (APEJ) will remain the prominent region across the projection period, accounting for more than 47% share of the global market

Maneuverability & Fuel Efficiency remains Prime Focus for Key Backhoe Loader Manufacturers

The report reveals some of the prominent market players, including JCB, John Deere, Caterpillar Inc., CNH Industrial. Among others, prominent backhoe loaders are continuously focusing on launching new products in order to cater to the increasing demand from various end use verticals. For instance,

  • In July 2018, a joint venture between Tata Motors Limited (40 %) and Hitachi Construction Machinery Company launched the all new backhoe loaders, under the name TATA HITACHI SHINRAI
  • In October 2019, JCB launched ICXT compact backhoe loaders in North America that delivered the material handling and excavating capability of backhoe loaders with the maneuverability and transportability of compact track loaders
  • In December 2019, JCB India launched new ecoXpert backhoe loaders. EcoXpert 3DX backhoe loaders, comes with 12 per cent improved mileage capability

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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:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Categories
Business

Petrochemical Catalyst Market Projected to Garner Significant Revenues by 2031

Petrochemical catalyst is a substance which is used to process the refining and conversion of fossil fuel or crude oil into usable petroleum or fuels and chemicals. Petrochemical catalyst is accelerates or promotes the rate of chemical reaction at which the reaction reaches to an equilibrium.

The new report by “Fact.MR, A Market Research and Competitive Intelligence Provider” tracks Petrochemical Catalyst Demand and Sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The report examines the Petrochemical Catalyst market key trends, growth opportunities and Petrochemical Catalyst market size and share.

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Petrochemical catalyst Market: Segmentation

Global petrochemical catalyst market can be segmented on the basis of product type, process type, Application, and region.

On the basis of product type, the petrochemical catalyst market is segmented into:

  • Ziegler-Natta
  • Metal Oxides
  • Zeolite

On the basis of process type, the petrochemical catalyst market is segmented into:

  • Cracking
  • Isomerization
  • Reforming

* Full Segmentation Available on Demand*

Key questions answered in Petrochemical Catalyst Market Survey Report :

  1. What is the current scenario and key trends in Petrochemical Catalyst Market?
  2. What are the key strategies companies are adopting to increase their consumer base?
  3. What are the key categories within the Petrochemical Catalyst segments and their future potential?
  4. What are the major Petrochemical Catalyst Market drivers and their expected impact during the short, medium, and long terms?
  5. What is the Petrochemical Catalyst Market size and what are the opportunities for the key players?

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Essential Takeaways from the Market Report

  • Comparison of prominent players operating in the market.
  • Identification of Petrochemical Catalyst market drivers, restraints and other forces impacting the global Market
  • Recent developments and key strategies adopted by market players.
  • Study of the micro and macro-economic growth indicators.
  • Impact of the various factors on the value chain of the market.
  • Evaluation of current Petrochemical Catalyst market size and forecast and technological advancements within the industry.

The Report Covers Exhaustive Analysis On:

  • Petrochemical Catalyst Market Drivers, Segments and Restraints.
  • Petrochemical Catalyst Market Survey and Dynamics
  • Petrochemical Catalyst Market Size & Demand
  • Petrochemical Catalyst Key Trends/Issues/Challenges
  • Petrochemical Catalyst Sales, Competition & Companies involved

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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.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Categories
Business

Forming Films Market Critical Insights, Key Trends, Global Outlook & Forecast Till 2031

Forming films increases shelf life of the products. Forming films are majorly used in food and beverages industry and the market is likely to remain stable during the forecast period. The use of forming films in medical field for sterilized equipment and surgical tools is expected to rise in the next decade.

This Market Research Survey by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand of Forming Films. The research provides a comprehensive analysis of Forming Films market key trends and major growth avenues. The Forming Films Market Survey report highlights the changing revenue share and Forming Films market size of key product segments during the forecast period 2021-2031.

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Forming Films Market – Key Segments

The forming films market is segmented by film type, material and end-use applications. On the basis of film type, the forming films market is segmented into low barrier, medium barrier, high barrier and standard barrier. The materials used for the production of forming films is usually EVOH (Ethylene vinyl alcohol), Nylon, EVA (ethylene vinyl acetate), Surlyn, Metallocene and PET (Polyester films).

On the basis of food & beverages, the forming films market is segmented into packaged goods, such as meats, processed meat, frozen meat, poultry, cheese, frozen seafood and others. In the healthcare sector, forming films are used to package sterilized equipment and medical products.

* Full Segmentation Available on Demand*

The Report Covers Exhaustive Analysis On:

  • Forming Films Market Drivers, Segments and Restraints.
  • Forming Films Market Survey and Dynamics
  • Forming Films Market Size & Demand
  • Forming Films Key Trends/Issues/Challenges
  • Forming Films  Sales, Competition & Companies involved

Request Customized Report as Per Your Requirements – https://www.factmr.com/connectus/sample?flag=RC&rep_id=3890

Essential Takeaways from the Market Report

  • Comparison of prominent players operating in the Forming Films market.
  • Recent developments and key strategies adopted by market players.
  • Study of the micro and macro-economic growth indicators.
  • The Report answers the demand outlook of Forming Films from 2021 to 2031.
  • Identification of Forming Films market drivers, restraints and other forces impacting the global market.
  • Evaluation of current market size and forecast and technological advancements within the industry.

Key questions answered in Forming Films Market Survey Report:

  1. What is the current scenario and key trends in Forming Films Market?
  2. What are the key strategies companies are adopting to increase their consumer base?
  3. What are the key categories within the Forming Films segments and their future potential?
  4. What are the major Forming Films Market drivers and their expected impact during the short, medium, and long terms?
  5. What is the Forming Films Market size and what are the opportunities for the key players?

Read More Trending and Similar Reports from Fact.MR – http://www.globenewswire.com/en/news-release/2019/05/29/1856355/0/en/Comfortable-Breastfeeding-Experience-to-Drive-Breast-Shell-Sales-over-33-Thousand-Units-in-2019-finds-Fact-MR-study.html

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.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates