Refrigeration and Air Conditioning Compressors Market to Showcase Healthy Expansion at 4.1% CAGR During 2018-2028

Future Market Insights delivers key insights on the global refrigeration and air conditioning compressors market in its latest report titled ‘Refrigeration and Air Conditioning Compressors Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment, 2018 – 2028’. The long-term outlook of the global refrigeration and air conditioning compressors market remains positive with the market value expected to increase at a CAGR of 4.1% during the forecast period (2018 – 2028). Among product type segments, the centrifugal segment is expected to expand at a significant CAGR in terms of value over the forecast period. Among refrigerant segments, the R407C segment is anticipated to witness a high CAGR in terms of value over the forecast period. The residential segment is expected to hold a major share in terms of value among the application segments in the global refrigeration and air conditioning compressors market, owing to the growing demand for household appliances, supported by the surging population and urbanization. The global market of refrigeration and air conditioning compressors is estimated to be valued at US$ 15,333.5 Mn by the end of 2018, witnessing a Y-o-Y growth rate of 4.1% over the forecast period. China is estimated to account for a value share of 43.7% in the global refrigeration and air conditioning compressors market by 2018 end and is anticipated to remain dominant throughout the forecast period.

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The refrigeration and air conditioning compressors market has been experiencing significant growth for years now, particularly in China and India. Growing demand for refrigerators, display cases and air conditioners in developing countries is contributing to the substantial demand for refrigeration and air conditioning compressors in these regions.
However, the global refrigeration and air conditioning compressors market is expected to face certain challenges. The manufacturing of refrigeration and air conditioning compressors is technology-intensive as well as capital-intensive. Technology-intensive characteristics thereof reflect in precision manufacturing, which requires expensive precision processing equipment as well as a high level of management and production, continuously accumulated know-how in a relatively long period as well as continuous improvement in quality and reliability of compressors. The aforementioned reasons are expected to restrain the growth of the global refrigeration and air conditioning compressors market.

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Introduction of sustainable compressors for commercial refrigeration application is a key trend identified in the global refrigeration and air conditioning compressors market across the globe.
Segmentation Analysis

• On the basis of product type, the reciprocating segment is anticipated to dominate refrigeration and air conditioning compressors production over the forecast period
  
• On the basis of application, the residential segment is expected to register moderate growth in terms of value over the forecast period in the global refrigeration and air conditioning compressors market
  
• On the basis of refrigeration, the others segment is anticipated to dominate the market in terms of value. This segment accounted for a 27.3% value share of the global refrigeration and air conditioning compressors market in 2017
  
• On the basis of end-use, the refrigeration segment is anticipated to dominate the market in terms of value in the overall refrigeration and air conditioning compressors market
  

Regional Analysis
China and South East Asia & Pacific are estimated to have collectively accounted for more than 3/5^th of the overall value share in the global refrigeration and air conditioning compressors market by the end of 2017. The China refrigeration and air conditioning compressors market is expected to remain dominant over the forecast period. Asia Pacific is a key production base for various products, including consumer appliances (refrigerators, freezers, etc.) and hence, the region is expected to create significant growth opportunities with a relatively high CAGR in the global refrigeration and air conditioning compressors market.
Vendor Insights
The report highlights some of the top companies operating in the global refrigeration and air conditioning compressors market such as Emerson Electric Co., The Danfoss Group, Mitsubishi Electric Corporation, GEA Group AG, Bitzer SE, Frascold S.p.A., Fusheng Co., Ltd., LG Electronics, Inc., Huayi Compressor Co., Ltd., Mayekawa Mfg. Co., Ltd., Panasonic Corporation, Midea Group, Nidec Corporation, Officine Mario Dorin S.p.A., and Tecumseh Products Company LLC.

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Fiberglass Market Slated to Bring in US$ 13,146.0 Mn by End of 2018-2028

Future Market Insights newly published market report, “Fiberglass (Glass Fiber) Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” examines the Fiberglass (Glass Fiber) Market and offers crucial market insights for the next ten years. According to the global fiberglass (glass fiber) market report, the rovings segment by product type is expected to dominate the overall market accounting for over 57% revenue share by 2028-end. The fiberglass (glass fiber) market is expected to register a CAGR of 4.6 % during the forecast period (2018 – 2028). The global fiberglass (glass fiber) market is expected to expand at a CAGR of 4.3 %, accounting for US$ 13,146.0 Mn by the end of 2028.
Global Fiberglass (Glass Fiber) Market Dynamics  
With the growing need for developing walls, doors, windows, and roofs, demand for fiberglass is likely to remain high in the construction industry. Glass fiber is also used as a composite in the construction industry. Manufacturers are utilizing GFRC (glass fiber reinforced concrete), which contains hydrated cement, glass fibers and sand for diverse construction purposes. Incorporation of the fiberglass enables manufacturers to integrate robust features such as anti-corrosiveness, high compressive strength, tensile strength and lightweight. In addition, manufacturers prefer utilizing fiberglass pertaining to the low maintenance cost and erosion. On the account of these factors, growth of the global market is expected to remain positive over the coming years.

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Further, growing number of construction projects in various developing countries such as India, Brazil, and China have led manufacturers to invest in fiberglass as an effective insulation component. As fiberglass continues to remain a cheaper alternative for insulation in the construction industry, the global fiberglass (glass fiber) market is likely to witness a significant growth during the forecast period
However, increasing instances of health hazards such as rashes on the skin, irritation in eyes and stomach and soreness in throat and lungs among workers and constructors due to fiberglass have posed challenges to the market growth. As the small glass fibers have the ability to reach the lower parts of internal organs such as stomach, lungs, and skin, risks related to adverse health effects continue to persist. Due to the adverse health effects of fiberglass, manufacturers are looking out for cheaper and safe alternatives. Based on these factors, growth of the global fiberglass (glass fiber) market is likely to face headwinds during the forecast period

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Major players identified in the fiberglass (glass fiber) market are focusing on increasing their production capacities and acquisition to enhance their operational efficiency, and product portfolio. Also, strategic collaboration and joint venture witnessed among leading market players are likely to improve sales and distribution network. Due to these factors, growth of the global market is expected to gain speedy momentum during the forecast period.
Global Fiberglass (Glass Fiber) Market Forecast
On the basis of glass type segment, the E-class glass type segment is anticipated to be a leading revenue contributor in the fiberglass (glass fiber) market. The segment is estimated to lead the overall fiberglass (glass fiber) market, accounting for an estimated share of almost 86% in terms of volume in 2017. Further, this segment is expected to register a CAGR of 4.1% over the forecast period.
On the basis of regions, China is anticipated to dominate the global fiberglass (glass fiber) market throughout the forecast period in terms of growth. The China fiberglass (glass fiber) market is expected to expand at a CAGR of 5.0 % during the forecast period. Also, the North America fiberglass (glass fiber) market is anticipated to register a CAGR of 4.4% during forecast period. These regions are expected to register the fastest growth in the global fiberglass (glass fiber) market during the forecast period.
Global Fiberglass (Glass Fiber) Market Competitive Landscape
Some of the players identified in the global fiberglass (glass fiber) market are Owens Corning, PFG Fiber Glass Corporation, CPIC Abahsain Fiberglass M.E., W.L.L., Chongqing Polycomp International Corp, and Jushi Group Co., Ltd. among others. Over the recent past, the industry players have focused on acquisitions and increasing their production capacities to meet the growing demand from various end-user industries.

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Hydrofluoric Acid Market to Projected to Touch a Valuation of US$ 4,313.2 Mn End

A new report by Future Market Insights delivers key insights on the global hydrofluoric acid market. The long-term outlook on the global hydrofluoric acid market remains positive, with market value expected to increase at a CAGR of 2.9% during the forecast period (2018-2028). On the basis of grade, the global hydrofluoric acid market is dominated by the anhydrous grade which is typically used for the manufacture of fluorochemicals and accounts for more than 60% of the overall demand for hydrofluoric acid. The aqueous grade or the dilute form of hydrofluoric acid is used for applications such as steel pickling and metal processing industry, rust remover and other such applications and accounts for a relatively smaller share.
Global sales of hydrofluoric acid is estimated to be valued at US$ 4,313.2 Mn by the end of 2018, witnessing a Y-o-Y growth of 2.6% over the year 2017. China is estimated to account for a value share of ~47% in the global hydrofluoric acid market by 2018 end and is anticipated to show significant demand for hydrofluoric acid from the fluorochemicals manufacturing industry.
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Multiple Applications of Hydrofluoric Acid to Dictate Product Demand During the Forecast Period
The use of hydrofluoric acid as an intermediate for the manufacture of fluorochemicals is by far considered as a relatively larger application area accounting for a share of ~65% in the overall demand. Other applications such as metal processing, steel pickling, metal surface treatment amongst others are projected to expand significantly over the forecast period. Hydrofluoric acid is also widely used in the glass etching process to provide finish and shine to glass surfaces and to improve fuel efficiency in the alkylation process in the petrochemical industry. Another major application of hydrofluoric acid is in the manufacture of aluminium fluoride, which is predominantly used as a raw material for the manufacture of aluminium. There has been an increase in the use of aluminium over the past few years across major end-use industries such as automotive, packaging and other applications. This rise in demand for aluminium will lead to the growth of hydrofluoric acid in the coming years.
However, the global hydrofluoric acid market is projected to face numerous challenges. The raw material largely used for hydrofluoric acid production is fluorspar, which is unevenly distributed with more than 50% of the reserves in China. In order to benefit the local manufacturers, China has restricted the supply of fluorspar to other regions, thus creating significant negative impact on the profitability and margins of global manufacturers.
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Hydrofluoric Acid Market: Segmentation Analysis

• On the basis of grade, anhydrous grade is projected to retain its dominance throughout the forecast period holding a share of ~65% by the end of 2018
  
• On the basis of application, the use of Hydrofluoric Acid as starting material or intermediate for the manufacture of fluorochemicals or fluorocarbons is projected to hold major share throughout the forecast period. The rise in demand of such chemicals from refrigeration and air conditioning systems is projected to fuel market revenue growth
  
• There are a number of other application areas for hydrofluoric acid including steel pickling and metal treatment to remove layer and stains from the surface and provide shine and finish to the surface of the material. Other industries such as glass etching, uranium fuel production, petroleum catalyst, pharmaceuticals, herbicides and other niche applications are also projected to drive the demand for hydrofluoric acid over the coming decade
  

Hydrofluoric Acid Market: Regional Analysis
From a regional perspective, China is projected to lead the global market both in terms of production and consumption of hydrofluoric acid. The country has an added advantage of ease of raw material procurement and hence manufacturers are able to offer products at relatively cheaper prices. The growth of end-use industries and the increase in demand for fluorochemicals from refrigeration and air conditioning systems is projected to create significant opportunities in the market. India is also projected to expand at a relatively higher growth rate over the forecast period. Western Europe is considered a relatively mature market with sluggish growth owing to the stringent regulations pertaining to the use of fluorochemicals. Latin America and MEA are projected to hold significant share in terms of production; however, the consumption of hydrofluoric acid is expected to exhibit low volume and high growth during the forecast period.
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