Ammonia Market Projected to Reach a value at US$ 73.84 Bn by 2025

Persistence Market Research has come up with a new publication titled “Ammonia Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025),” with forecasts for the global ammonia market for a period of eight years, i.e. between 2017 and 2025. The global ammonia market is likely to witness a steady growth and is estimated to account for US$ 57.06 Bn by the end of 2017, expanding at a CAGR of 3.3% during the projected period. At the end of the assessed period, i.e. by the end of 2025, global ammonia market is expected to be valued at US$ 73.84 Bn. Growth in the market is expected to be driven by increasing consumption of fertilizers in the current scenario. To seek opportunities in untapped markets of Asia Pacific and Latin America is the key strategy of global players in the ammonia market.

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Global Ammonia Market: Drivers

• Robust growth of mining operation in the region
• Growing demand from fertilizers
• Rising demand from the agrochemical industry
• Growing agriculture and mining sector
• Fertilizer Industry is the major consumer market, particularly in MEA
• Government subsidy on certain fertilizers, mainly in India

Global Ammonia Market: Forecast by Product

On the basis of product type, the global ammonia market is segmented into anhydrous ammonia and aqueous ammonia. The anhydrous ammonia segment’s revenue share is expected to be on the higher side due to high demand for the product, due to two reasons – the first being its availability in the gaseous form and the second being its low cost as compared to aqueous ammonia. On the other hand attributing to niche applications and limited scope of consumption of aqueous ammonia as compared to anhydrous ammonia, the segment is considered to have a lower market attractiveness index with respect to its counterpart.

Global Ammonia Market: Forecast by Application

On the basis of application, the global ammonia market is segmented into MAP (Mono-ammonium Phosphate), DAP (Di-ammonium Phosphate), urea, nitric acid, ammonium sulphate, ammonium nitrate and Others. Urea segment, by application segment, is anticipated to witness maximum value CAGR of 3.6% in the global ammonia market and this segment is expected to consistently lead in terms of value over the forecast period. This can be attributed to the higher use of fertilizers in many regions, in order to enhance the quality and quantity of production of crop. However, among the various varieties of fertilizers, urea consumption is maximum, followed by other agrochemicals, such as MAP, DAP, and ammonium nitrate, among others.

Global Ammonia Market: Forecast by End Use

On the basis of application, the global ammonia market is segmented into industrial chemicals, agro chemicals, explosives, others. Agrochemicals segment is expected to continue its market dominance over the forecast period. The agrochemicals segment followed by the explosives and industrial chemicals segments is expected to be on higher side of market share because of the maximum demand for fertilizers, as the agricultural sector is growing in many regions, and also due to the increasing mining activities in various regions. Agrochemical segment is expected to account for a 51.4% share in the total global ammonia market by 2025.

Global Ammonia Market: Forecast by Region

The global ammonia market has covered five regions namely, North America, Latin America, Europe, APAC and MEA. APAC is a significant market for ammonia in terms of market value, accounting for 52.4% revenue share in 2025. APAC region is estimated to hold comparatively high market in terms of market value and was valued at US$ 28.28 Bn in 2016. This growth can be attributed to the high consumption of ammonia for various applications, especially for agrochemicals and explosives. The region is expected to remain the dominant market over the forecast period. The market is expected to expand at a CAGR of 3.6% over the forecast period. APAC will be followed by Europe and North America.

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Global Ammonia Market: Competitive Landscape

Some of the key players in the global ammonia market are included in this report. They are- Yara International ASA, CF Industries Holdings, Inc., Potash Corp, Orica Limited, Incitec Pivot Ltd., Mitsubishi Gas Chemical Co., Inc., Praxair., Inc., Achema AB, Linde Group, Jiangsu Huachang Chemical Co., Ltd., Koch Fertilizer LLC, SABIC, BASF SE, The Dow Chemical Company, Toggliazot PJSC, OCI Nitrogen, Haifa Chemicals Ltd., CNPC (China National Petroleum Corporation), Trammo, Inc., and Haldor Topsoe A/s.

Professional Services Robots Market Revenue is expected to Surpass a value of about US$ 7,400 Mn by 2022

A rapid growth in the service industries and the pressing need to adapt to the changing demand of the consumers, market challenges and a rapid advancement in technology with a backdrop of cut throat competition are the factors responsible for the growth of the professional services robots market. Robots have made their presence felt already in the realm of industrial automation where they are employed for carrying out repetitive tasks. However, with advancements in the fields of machine learning, artificial intelligence, cognitive science and adaptive computing are enabling the robots to assist humans in a variety of tasks. The development of technologically advanced robots that have an improved intelligence and can perform touch-sensitive tasks in a better manner and in addition also have the ability to interact with humans seamlessly will help their better adoption in fields such as healthcare.  

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The global professional services robots market is slated to touch a value of about US$ 7,400 Mn in the year 2022 and grow at a robust CAGR during the assessment period. 

4 Forecast Highlights on Global Professional Services Robots Market

• As per the forecast of Persistence Market Research, the professional cleaning segment is slated to touch a value of nearly US$ 650 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The professional cleaning segment is estimated to account for nearly one-tenth of the revenue share of the application segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the inspection & maintenance segment will reach a value of about US$ 180 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The inspection & maintenance segment is forecasted to account for a miniscule share of the total revenue share of the application segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the water-based segment is slated to reach a value of nearly US$ 1,800 Mn in 2022. The water-based segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the water based segment. 
• Persistence Market Research forecasts the U.S. professional services robots market to exhibit a compound annual growth rate (CAGR) of more than 20% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the professional services robots market like Kuka AG, Robert Bosch GMBH, AB Electrolux, Northrop Grumman Corporation, Boston Dynamics, Inc., iRobot Corporation, Gecko Systems International Corporation, Daifuku Co., Ltd., Yujin Robot Co., Ltd, Aethon Inc. and Elbit Systems Ltd.

Functional Composites Market Rugged Expansion Foreseen by 2024

Functional composites are materials or compounds that offer special magnetic, electrical, and optical properties. These properties cannot be achieved by its single constituent separately. Thus, functional composites combines properties of different materials as well as advantages of different group of materials. Functional composites are stiff, strong, tough, light, and more durable when compared to their original materials. Other special properties of functional composites include new formulations for extrusion products, weather resistance, adhesive properties, high temperature resistance, low weight, biodegradability, barrier properties, and mechanical properties.
The functional composites group includes composites with magnetic, optical, and electrical properties. Dispersoids are functional composites with large amount of electrical properties. The ion flow is carried out almost on the matrix filler interphase in dispersoids. Functional composites usually implement special properties in combination with initial product properties. Combination of the magnetostriction of phase 1 and the piezoelectricity of phase 2 resulting in the magnetoelectric effect in the composite is one of the example.

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Functional composites includes photonic crystals, wherein the matrix as well as the filler are solid phases such as in opal and other structures. These composites also cradle many biomaterials  which are protected from interaction through efficient coating systems. Composite material is a multi-phase system that consist of matrix material and reinforcing material. Matrix material is a continuous phase, and it includes metal matrix composite materials, inorganic non-metallic matrix composite materials and polymer matrix composites.
Functional composites can be segmented on the basis of type into: polymer matric composites, metal matrix composites (aluminum matrix composites), and epoxy resin matrix composites. Polymer matrix composite material uses fiber as reinforcement and organic polymer as matrix. Usually, the strength of reinforcement fiber are higher than that of matrix material, thus, making fibers the main load-bearing part. Metal matrix composites employ low-density metal, such as aluminum; which is reinforced with fibers of a ceramic material, such as graphite/silicon carbide. Aluminum metal matrix is widely used in the automotive industry, owing to its low density and high specific mechanical properties. Aluminum composite matrix dominates the demand for functional metal matrix composites. Growth in automotive and aerospace industries is the key driver of the demand for aluminum matrix composites. In terms of reinforcement, functional composites material can also be classified into: diffusion-enhanced composite materials, particle-enhanced composite materials, and fiber-reinforced composite materials.. Functional composite materials are widely used in several industries such as automotive, aerospace, defense, electrical, electronics, and aerospace.

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Currently, countries in Europe and North America account for the major share of the global functional composite market, owing to developed defense base and aerospace industry in these regions. Large number of manufacturers of function composites are based in North America and Europe. However, in terms of year-on-year growth in demand for functional composites, countries in Asia-Pacific is expanding at a steady rate. Growth in industrialization in Asia-Pacific is the major driver for the demand for various types of functional composites. Automotive and aerospace industries in Asia Pacific especially in China, India, and Japan; are expanding at a steady rate. This, in turn, is boosting the demand for functional composites in the region. Rise in investments,  and formation of alliances, joint ventures, acquisition, and collaborations are encouraging companies to expand their market share and attain competitive edge against existing competitors.

Key manufacturers and suppliers of wax emulsion products include Kyocera Corporation, Materion Corporation, 3M Company, 3A Composites Inc., Air Products & Chemicals, Inc., Bayer AG, E. I. Du Pont De Nemours & Company, Momentive Performance Materials Inc., Applied Materials Inc., Ametek, Inc., and Momentive Performance Materials Inc.
 

Potassium Iodate Market: Global Forecast over 2016 - 2024

Potassium iodate is a chemical compound majorly used in the food and healthcare industry. It is an oxidizing agent and catches fire if it comes in contact with reducing agents or combustible materials. It can be prepared by adding iodine to a hot, concentrated solution of potassium hydroxide. It can also be prepared by reacting a potassium-containing base such as potassium hydroxide with iodic acid.
Potassium iodate is used as an additive to raise herbage iodine levels. Potassium iodate is used for iodination of table salt to prevent iodine deficiency in humans. Iodine is an essential trace element; the thyroid hormones thyroxine and triiodothyronine contain iodine. In areas where there is little iodine; iodine deficiency gives rise to goiter, which results in developmental delays and other health problems. In some regions, potassium iodate is used as a source for dietary iodine. It is a major ingredient in some baby formula milk. Potassium iodate is also used in the food industry for various purposes.

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The growing demand for potassium iodate in agriculture is expected to boost the market within the forecast period. The demand for potassium iodate has experienced a continuous rise in the past few years and this trend is expected to continue in the next few years as well. The major reason for this is the diverse range of applications of potassium iodate. It is used in agriculture, water treatment, food preservation, medical, industrial and fire service applications among others. It is used in agriculture as a stable form of iodine, for animal to correct iodine deficiency and prevent various animal diseases, in food industry for iodisation of table salt and in pharmaceuticals it is used for the production of disinfectants, antiseptics and deodorants. Owing to such a wide range of applications, potassium iodate is widely used in several end-user industries. The growing demand for these application products from is anticipated to drive the demand for iodate in the next few years. However, the US Food and Drug Administration has expressed serious concerns about the safety and effectiveness of iodate, and the fact that its manufacturers are not in conformity with FDA rules to assure safety, quality and purity of the product. In addition, potassium iodate has the disadvantage of being a stronger intestinal irritant. These parameters may act as restraining factors  for the growth of the potassium iodate market in the near future.
The regions such as Asia Pacific, Africa and Latin America are predicted to emerge as the fastest growing markets for potassium iodate. The demand is expected to be highest from the emerging economies such as China and India. The continual and rapid growth in the industries in these regions is expected to drive the demand for potassium iodate in the production of various applications products. Moreover, developed markets such as the U.S. and European economies are steadily recovering from the economic downturn and are anticipated to generate significant demand for potassium iodate in the coming years. Due to the positive outlook across the world, the global potassium iodate is predicted to record a strong growth in the near future.

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Key manufacturers of the potassium iodate market are Chemicals India Company, Chongqing Changyuan Chemical Corporations Limited, Tianjin Chemical Industry Co., Ltd. and Themedica among others. Potassium iodate market is fragmented in nature with many small, medium and large scale industries. 

Chromium Chloride (III) Market to Register a Stout Growth by 2024 End

Chromium chloride typically finds use as a catalyst and as a precursor to dyes for wool. The major applications of chromium chloride mainly include dyestuffs, organic synthesis and as a precursor to organochromium complexes. Chromium(III) chloride comprise various compounds of having the formula CrCl3(H2O)x in which x can be 0, 5 or 6. The anhydrous compound with the formula CrCl3 is a violet solid. The most common form of the trichloride is the dark green hexahydrate. Chromium chloride is generally used as a precursor to several inorganic compounds of chromium, for instance, bis(benzene)chromium which is analogue of ferrocene.
Phosphine complexes which are derived from chromium chloride catalyses the trimerization of ethylene to 1-hexene. Moreover, chromium chloride is used in organic synthesis in which chromium(III) chloride is used for the in situ production of chromium(II) chloride which is a popular reagent for the reduction of alkyl halides and also for the synthesis of (E)-alkenyl halides. This chemical reaction is generally performed by using two moles of chromium chloride per mole of lithium aluminum hydride, even though if aqueous acidic conditions are suitable zinc and hydrochloric acid might be sufficient. Chromium(III) chloride is also utilized as a Lewis acid in various organic reactions, for instance, for catalyzing the nitroso Diels-Alder reaction. Dyestuff is also a major application of chromium chloride. A wide variety of chromium-containing dyes are broadly used for commercial applications of wool. Major types of dyes produced from chromium chloride are triarylmethanes which consists of ortho-hydroxylbenzoic acid derivatives. The growing demand for chromium chloride in all such applications is expected to drive the global chromium chloride market in the next few years.

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Asia Pacific is expected to be the fastest growing market for chromium chloride in the next few years. The main reason for this is the growing demand for chromium chloride from developing nations such as China, India, Indonesia and Thailand. Also, the countries in the regions such as Africa, South America and the Middle East are showing rapid economic growth since the last few years. These nations typically include South Africa, Brazil, Jordan, Nigeria, Egypt, Saudi Arabia, Qatar, Israel and Kuwait. Additionally, the U.S. and European countries are slowly recovering from the economic deceleration. All these factors are creating a positive outlook for the global industrial dynamics. Considering this positive outlook, the industries such as dyes and pigments are anticipated to record an astonishing growth in the next few years.
Moreover, there is a enormous market potential for the different types of dyes in the developing countries such as China, India and Brazil. The increasing demand for various types of dyes in the industries such as home textiles, apparels and geo-textiles across different geographies of the world, especially in the developing countries, is expected to drive the global dyestuff market in the next six years. This will eventually result in an increase in the demand for chromium chloride in the next few years.  The major players operating in the chromium chloride market are largely focusing on the developing countries for tapping their massive market potential. The major companies operating in the chromium chloride market are installing huge production facilities in these developing countries to fulfill the swiftly growing local demand for chromium chloride. Therefore, the global chromium chloride market is expected to witness a notable growth in the next six years.

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American Elements and OXKEM are the major producers of chromium chloride.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Microcellular Polyurethane Foam Market Set to Surge Significantly During 2016 - 2024

Microcellular polyurethane foam is a flexible, closed-cell and open-cell polyurethane foam material. This foam is an advanced material, which is highly durable and light in weight. Microcellular polyurethane foam is inexpensive and it depicts exceptional resistance to compression. It possesses excellent cushioning, sealing, and vibration control due to low compression property. Gases and vapors can pass through this material, owing to its open-cell structure. Microcellular polyurethane foam can also be formulated to form an essential skin, as it is mechanically mixed, and hence, the cell size is more uniform. This material is utilized in numerous industries such as automotive, aerospace, and construction, owing to its light weight. The automotive application segment accounts for a leading share of the global microcellular polyurethane foam market, owing to its use in cushions as well as car bodies, wherein its insulation properties provide protection against heat and noise of the engine. Usage of microcellular polyurethane foam helps in reducing the structural weight of products manufactured in various industries.
Densities of microcellular polyurethane foam typically range from two pounds per cubic foot to 50 pounds per cubic foot. The unit cost of microcellular polyurethane foam increases in a more linear manner with density. Asia Pacific, Europe, and North America are leading markets for the microcellular polyurethane foam. Asia Pacific is the speedily expanding market. Countries such as China, India, Japan, South Korea, Malaysia, and Thailand witness high demand for the material. The U.S, the U.K., Germany, Italy, France, and Canada have also been the leading markets for microcellular polyurethane foam.

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The global microcellular polyurethane foam market can be segmented on the basis of types, applications, and geographies. On the basis of types, the market has been segmented into high-density microcellular polyurethane foam and low-density microcellular polyurethane foam. The high-density microcellular polyurethane foam segment holds a major share in the global market. This growth is driven by widespread utilization of high-density microcellular polyurethane foam in upholstery, automotive seating, and bedding. On the other hand, the advantage of low-density microcellular polyurethane foam is that it is an effective sound barrier, and is also ideal for the manufacture of bespoke insulated panels. According to applications, the global microcellular polyurethane foam market has been classified into automotive, building & construction, electronics, medical, aerospace, and others.
On the basis of geographies, the global microcellular polyurethane foam market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The demand for lightweight materials in countries such as the U.S., Canada, Germany, France, Italy, Spain, and the U.K. is expected to drive the global microcellular polyurethane foam market. Brazil, Mexico, Argentina, the UAE, and Qatar are expected to drive the microcellular polyurethane foam markets in Middle East & Africa and Latin America. The increasing number of automotive manufacturers is expected to drive the automotive segment, as microcellular polyurethane foam is used extensively in automobiles to increase comfort, safety, quality, and visual appeal of vehicles.

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The global microcellular polyurethane foam market has several players operating at regional and global levels. Key players include BASF SE, ERA Polymers, Evonik Industries, Griswold International LLC, Huntsman Corporation, Inoac Corporation, Mearthane Products Corporation, Rogers Corporation, Rubberlite Inc., Saint-Gobain Performance Plastics, and The DOW Chemical Company.

Plug In Hybrid Electric Vehicles Market Will Amass US$20,000 mn by 2022

Across the world, efforts to curb growing population concerns has escalated in the past decade the trend is expected to continue in the near future, which is providing tremendous thrust on the global plug-in hybrid electric vehicles (PHEVs), according to the lead analyst of a fresh business intelligence study by Persistent Market Research (PMR). The report has detected that customers are now aware of their duty when it comes to reducing pollution levels and at the same time, governments are offering subsidies for the investors of green energy. Consequently, the demand in the global plug-in hybrid electric vehicles is projected to increment at an eye-catching CAGR of 13.4% during the forecast period of 2017 to 2022. As per the estimations of the PMR report, the opportunities in this market would constitute for a revenue of US$20,000 mn by the end of the forecast period, 2022.

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The primary driver of the global plug-in hybrid electric vehicles is its potential of lowering greenhouse gas emissions. Consumers are now willing to pay extra for this hybrid vehicles which can run on electric charges for the first duration and once that finishes, it can make use of fossil fuel such as gasoline or diesel for the further journey. By using current electricity infrastructure and green up the grid, the automotive manufacturers are able to manufacture PHEVs without having to construct a whole new prototype. From the consumer’s perspective, plug-in hybrid electric vehicles offers not only environmental benefits, but also are economically affordable on the longer run and includes benefits such as flexibility during longer runs.

Some of the other factors augmenting the demand in the global plug-in hybrid electric vehicles market are: benefit of overcoming the dependency on fast charging infrastructure which is not readily available, incremented focus of automotive players to develop these plug-in hybrid electric vehicles, extension of battery capacity and running range after the recent technological advancements, and creation of LEZs and emission-free zones in various cities of several countries. On the other hand, the consistent need from the end users to charge their PHEV regularly, lowered fuel economy and CO2 emission whenever the vehicles are running on fossil fuel, and the need to further improve the range are a few factors obstructing the prosperity of the global plug-in hybrid electric vehicles market. The analysts of the report expect the lower lifecycle of plug-in hybrid electric vehicles to improve radically over the course of forecast period as more than 100 new models are in pipeline and are expected to generate a demand of 3.7 mn units across the globe.

Based on power source, the PMR report segments the global PHEV market into stored electricity and on board electric generator. In the near future, the stored electricity PHEVs segment is expected to outshine the other segment, providing for a demand share of more than three-fourth. On the basis of powertrain, the market has been bifurcated into parallel hybrid, series hybrid, and combined hybrid plug-in electric vehicles. The former is currently the most sought-after category while series hybrid accounts for only one-fourth of the total demand. Based on vehicle type, the market gains significantly more demand for passenger cars than other segments, viz. commercial vehicles, two wheelers, and others including gold carts.

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Nissan Motor Corp., Ltd., Renault SA, Honda Motor Company, Ltd., Volkswagen AG, General Motors, Daimler AG, Ford Motor Company, Bayerische Motoren Werke AG, Toyota Motor Corporation, and Mitsubishi Heavy Industries Ltd. are some of the companies who are currently ahead of the curve in the global PHEVs market.

Steep Slope Roofing Materials Market to Exceed US$ 14,500 Mn by 2022

Steep slope roofs are the kind of roofs which have a slope of 3:12 or more. That means for every 12 horizontal inches, the rise in the height of roof is 3 inches or more. Such type of roofs having a steep slope are usually preferred by home owners and architects alike as they add beauty to the elevation of the building and are also good in their performance. Steep slope roofs provide an enhanced aesthetic appeal to the building, possess a long service life, resists the elements of nature and can be maintained easily. 

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Also, due to the steep slope of the roof, it doesn’t allow the water to get collected on the roof, and the water is able to drain out easily from the roof. The growth in the market for steep slope roof materials is directed related to the growth in the construction industry. With the rise in disposable incomes and an increase in the overall economic activity, the construction industry has benefitted, giving a fillip to the steep slope roofing materials market. However, contrary to this, the economic slowdown in certain regions of the world has negatively impacted the construction industry, consequently hampering the growth of the steep slope roofing materials market as well.

The global steep slope roofing materials market is slated to touch a value of about US$ 14,630 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.

4 Forecast Highlights on Global Steep Slope Roofing Materials Market

• As per the forecast of Persistence Market Research, the tiles material type segment is slated to touch a value of nearly US$ 1,850 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The tiles material type segment is estimated to account for more than one-tenth of the revenue share of the material type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the re-roofing segment will reach a value of nearly US$ 9,350 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The re-roofing segment is forecasted to account for nearly three-fourths of the total revenue share of the end-market segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the strips form type segment is slated to reach a value of nearly US$ 2,890 Mn in 2022. The strips form type segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the strips form type segment.
• Persistence Market Research forecasts the United States steep slope roofing materials market to exhibit a compound annual growth rate (CAGR) of less than 3% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the steep slope roofing materials market like Atlas Roofing Corporation, Malarkey Roofing Products, Tarco, Inc., Owens Corning, Polyglass U.S.A., Inc., Siplast, Inc., CertainTeed Corporation, TAMKO Building Products, Inc., IKO Industries, Ltd. and Henry Company LLC.

Color Masterbatches Market to Grow at CAGR of 5.1% through 2022

Color masterbatches are combinations of pigments and additives that are used in various applications, for instance, roofing, storage containers, cables, electronics, cosmetic objects, toys, belts, silage sheets, pipes etc. They have numerous benefits owing to which several synthetic fiber and plastic producers use color masterbatches – they come in form of pellets which makes it easier to apply, store or move as compared to powdered pigments, it is easier to handle and feed the color concentrates during manufacturing where color masterbatches are used, binding agent used in the masterbatches can be easily matched to the polymer which is used for enhanced melt processing, they offer good control on transparency as well as opacity of colored objects and special effects can be added to enhance color thus distinguishing between different objects. Moreover, for certain applications, polymer material needs special properties like UV balance, surface resistivity, optical brightness, enhanced transparency, avoiding yellowing, flame retardation and scratch resistance, with a view to achieve improved performance, which is provided by color masterbatches. These factors have favored the expansion of the global color masterbatches market in recent years.

According to Persistence Market Research, the global color masterbatches market is projected to grow at 5.1% CAGR during the period of assessment, 2017-2022.

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5 Key Highlights on the Global Color Masterbatches Market

• Europe region to show positive growth during the assessment period. it is anticipated to witness moderate growth during 2017-2022 period and is expected to dominate the global market in terms of high market share
• Asia-Pacific excluding Japan (APEJ) region shows high potential due to increased adoption of color masterbatches in various industries such as packaging and automotive. China and India are major contributors to the growth of color masterbatches in the APEJ region, making it a potential region for the color masterbatches market. Several manufacturers are investing in this region to develop manufacturing plants due to low cost, high labor availability and increasing demand for color masterbatches
• In the application category, the scratch and mar additives segment is anticipated to ascend at a higher CAGR of 5.8%. The growth of this segment can be attributed to the anti-scratch property that color masterbatches deliver which is widely used on polymers to perform special functions especially in interiors of car, consumer goods and electronic devices
• Marine segment by end user category is projected to witness fast pace to register a robust 5.9% CAGR followed by electronics and electrical segment during the period of forecast. However, color masterbatches are widely used in packaging segment, which leads the global market
• Standard color and specialty color masterbatches are anticipated to witness similar growth pace during the assessment period; but standard color masterbatches have experienced higher revenue than specialty color masterbatches during 2016 -2017 and is likely to continue this trend in the coming years. However, tailor-made color masterbatches are projected to experience high market share by the end of 2022

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The research report has also profiled key players in the global color masterbatches market. These include players such as Marval Industries Inc., RTP CO, Americhem, Uniform Color Company, Inc., Cabot Corporation, Ferro-Plast Srl, Standridge Color Corporation, Techmer PM Inc., Ampacet Corporation, Clariant AG, A. Schulman, Polyone Corporation and BASF SE.

Electric Vehicle Supply Equipment Market to Reach US$ 726 Mn by 2022

The global market for electric vehicle supply equipment is gaining popularity all around the world due to the increasing popularity of electric vehicles. An electric vehicle supply equipment, also known as electric vehicle charging station, electric recharging point or even charge point, and is used to supply electricity in order to recharge electric vehicles such as electric cars or hybrids. In the present times, there is a rapid awareness about pressing environmental issues like degrading air quality due to the burning of the fossil fuels which also leads to other complex issues such as that of global warming. In order to counter such issues, governments all over the world are encouraging the sales of electric vehicles in which the emissions are nil. In order to encourage the sales of electric vehicles, governments all over the world are giving subsidies on the electric vehicles and exempting them from paying road tax. In addition, manufacturers are investing a great deal in R&D to offer more advanced versions of electric cars that are also affordable for the general public. 

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The global electric vehicle supply equipment market is slated to touch a value of about US$ 726 Mn in the year 2022 and grow at a moderate CAGR during the assessment period.

4 Forecast Highlights on Global Electric Vehicle Supply Equipment Market

• As per the forecast of Persistence Market Research, the Level 2 (> 3.7 kW and ≤ 22 kW) segment is slated to touch a value of nearly US$ 112 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The Level 2 (> 3.7 kW and ≤ 22 kW)  segment is estimated to account for nearly one-fifth of the revenue share of the charger type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the commercial segment will reach a value of nearly US$ 210 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The commercial segment is forecasted to account for more than one-third of the total revenue share of the end-user segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the train stations segment is slated to reach a value of nearly US$ 141 Mn in 2022. The train stations segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the train stations segment. 
• Persistence Market Research forecasts the US electric vehicle supply equipment market to exhibit an annual growth rate (CAGR) of 4.7% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the electric vehicle supply equipment market like ABB Ltd, Schneider Electric S.E., Tesla Inc., General Electric Company, ChargePoint, Inc., SemaConnect, Inc., Car Charging Group, Inc., Robert Bosch GmbH, Eaton Corporation PLC, and AeroVironment, Inc.

In Dash Navigation System Market Poised to Rake in US$ 20 Bn by 2022

The global in-dash navigation systems market has been estimated to exhibit an impressive expansion during the forecast period 2017 to 2022, according to a new study by Persistence Market Research (PMR). Global sales of in-dash navigation systems are expected to account for revenues over US$ 20 Bn by 2022-end.

OEMs Offering In-Dash Navigation Systems in Hatch-back Vehicles

Along with the focus on providing embedded systems, OEMs are also aiming to offer technologically advanced vehicle systems, which will render various functionalities in a single unit. OEMs are also concentrating on providing in-dash navigation systems in hatch-back vehicles, to increase their popularity among consumers, and gain a competitive edge. Busy lifestyles of individuals, especially across urban regions, has driven demand for vehicles that have an in-built system providing real-time information on traffic as well as the vehicle performance, along with improvements in the vehicle’s operational efficiency.

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Several vehicle norms provided by regulatory bodies have been encouraging automobile manufacturers to produce higher fuel-efficient vehicles. In-dash navigation systems are crucial in reducing the vehicle’s fuel consumption, as they offer information regarding shortcuts in routes, and traffic jams in close-proximity areas. The aforementioned factors are expected to drive growth of the market over the forecast period.

Some other prominent factors impacting market growth are government regulations concerning use of embedded navigation systems, surge in the production of vehicles, and rise in purchasing power of individuals across developed as well as developing economies. In addition, increasing demand for lightweight components of vehicles, along with legislations related to emissions will further augment demand for the in-dash navigation systems in vehicles.

Key Insights Offered by PMR’s Report on Global In-Dash Navigation System Market

• Aftermarket will continue to be the largest sales channel in the market, with sales poised to exceed US$ 13,000 Mn in revenues by 2022-end. Sales of in-dash navigation system in OEM will exhibit a relatively faster expansion through 2022.
• On the basis of vehicle type, in-dash navigation systems will witness the highest demand in mid-sized passenger cars.
• Screen size of 4 inches will remain highest-selling in the global in-dash navigation system market.
• Although LCD display will be sought-after among consumers in the market, sales of high-definition (HD) display for in-dash navigation systems will exhibit the fastest expansion through 2022.
• Europe is estimated to remain the most-lucrative region in the global in-dash navigation system market. In addition, North America and Europe will exhibit equal CAGRs in the market through 2022.

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• Asia-Pacific excluding Japan (APEJ) will also account for a major revenue share. This can be highly attributed to increasing vehicle product in emerging economies of APEJ such as China and India.
• Key players actively operating in the market include TomTom NV, Robert Bosch GmbH, Pioneer Corporation, Mitsubishi Electric Corp, Luxoft Holdings Inc., Garmin International, Denso Corporation, Delphi Automotive PLC, Continental AG, Alpine Electronics Inc., and Clarion Co. Ltd.

Satellite Payloads Market to Touch US$ 14.8 Bn by 2022

Optimal selection of satellite payloads has a governing influence on maximizing the utility of the satellite. However, manufacturers continue to struggle in development of satellite payloads under power supply constraints associated with satellite buses. In spite of attaining surplus investments, companies operating in the global satellite payload market continue to rely on experimental solutions for eliminating such shortcomings. According to Persistence Market Research, the global market for satellite payloads is expected to witness a moderate growth in the next five years.

The report published by Persistence Market Research projects that by the end of forecast period, 2017-2022, the global market for satellite payloads will have registered modest CAGR and procured a little over US$ 14.8 Bn revenues. Various factors influencing the dynamics of global satellite payload market have been compiled in the report, wherein rising investments in space exploration sector is observed as key driver for the market’s growth.

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Segmental Analysis of Global Satellite Payload Market

The report has segmented the global market for satellite payloads on the basis of orbit-type, payload-type, applications and frequency bands.

• In 2017, the global market for satellite payloads witnessed higher demand for hosted payloads designed for low earth orbit (LEO) deployment. While satellite payloads developed for LEO deployment will witness highest revenue share, global revenues contributed by this segment will incur sluggish growth throughout the forecast period.
• Through 2022, navigation payloads will attain the largest revenue share, followed by imaging satellite payloads and communication payloads. Deployment of a majority of commercial satellites is expected to be directed towards boosting the strength of global navigation network.
• Concurrently, navigation is expected to remain the largest application for satellite payloads. By the end of 2022, navigation application of satellite payloads is anticipated to procure around US$ 7 Bn in global revenues. Towards the end of forecast period, scientific research applications of satellite payloads are also expected to gain traction.
• The report further projects that sales of C K/KU/KA band payloads will dominate the market, recording nearly one-fourth share on global market throughout the forecast period.

Satellite Payloads Market: Regional Overview

The Asia-Pacific excluding Japan (APEJ) region is exhibiting growing interests in space technology and utilization, which has contributed to the surging demand for satellite payloads. The report projects that throughout the forecast period, the APEJ region will dominate the global market for satellite payloads. The APEJ satellite payload market is anticipated to create an incremental opportunity of US$ 780 Mn between 2017 and 2022. North America’s satellite payloads market, on the other hand, is pegged to reflect a moderate CAGR through 2022, wherein a few US-based space technology companies are expected to deliver astronomical ROIs. Emerging space administration sector in Europe is also expected to factor in global expansion of satellite payload market.

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The report has also profiled leading players in the global satellite payload market which include, Airbus Defense and Space, Boeing Company, Thales Group, Lockheed Martin Corporation, Mitsubishi Electrical Corporation, Honeywell International Inc., Harris Corporation, and Lucix Corporation.

Building Products Market: Plaster building products market is poised to grow at a CAGR of 5.3% by 2025

An exhaustive market evaluation put forth by Persistence Market Research on building products (including drywall) market in its new research publication “Building Products (Including Drywall) Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” focuses on the impact of drivers, challenges, restraints, trends and opportunities on the global market along with key player analysis during the 2017-2025 period. An in-depth market segmentation is included in the research report using which the value and volume analysis of various categories is possible during the period of forecast across important geographies of North America, Europe, Latin America, Asia Pacific (APAC) and Middle East and Africa (MEA).

Global Building Products (Including Drywall) Market: Forecast

The global building products market is poised to reflect a moderate CAGR of 5.2% during the period of forecast. It is expected to reach a value of around US$ 49 Bn by the end of 2025 from a value of US$ 33.16 Bn in 2017. The global drywall market is anticipated to register a steady growth rate and exhibit a CAGR of 4.2% during the period of forecast, to reflect a value of US$ 27 Bn by the end of 2025 from a value of US$ 18 Bn in 2017.

Global Building Products (Including Drywall) Market: Segmental Analysis

Global plaster building products market is poised to grow at a CAGR of 5.3% throughout the forecast period to reflect a value of about US$ 37 Bn by the end of 2025. Gypsum building plasters sub segment is expected to contribute to the growth of the plaster building products market by reflecting a higher CAGR of 5.9% followed by cement sub segment, which holds significant market share by revenue. The gypsum segment has the highest market share thus witnessing dominance.

Global skim coats building products market is expected to reach a value of US$ 2.9 Bn by the end of 2025 with a CAGR of 6.5% during the forecast period. The polymer sub segment is poised to reflect the highest growth rate to reach a CAGR of 7.3% followed by gypsum and cement throughout the forecast period. Lime sub segment is poised to witness sluggish growth throughout the forecast period.

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Global filling compound building products market is expected to reflect a volume CAGR of 5.2%. The polymer sub segment is expected to reflect a volume CAGR of 5.7%, and is expected to be the fastest growing segment in terms of both value and volume.

Global render building products market is poised to reach a value of about US$ 8.6 Bn by the end of 2025, with a high CAGR of 5.8% throughout the forecast period. The cement sub segment is expected to be the fastest growing in the render building products market to reflect a CAGR of 6.1% during the period 2017-2025, followed by the polymer sub segment.

Residential segment by end user is poised to be the fastest growing segment, reflecting a CAGR of 5.7% during the forecast period and reaching a market value of about US$ 24 Bn by the end of 2025, thus dominating the market.

Asia Pacific is the fastest growing region, also dominating the global market with respect to market share. The APAC region is poised to reflect a higher growth rate to register a CAGR of 6.2% during the forecast period. The region dominates the global market with an estimated market value of about US$ 24 Bn by the end of 2025.

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Global Building Products (Including Drywall) Market: Competitive Landscape

Persistence Market Research has analyzed all key tier companies involved in the global building products (including drywall) market. Companies such as Akzo Nobel N.V., PPG Industries, Inc., Sto SE & Co. KGaA, USG Corporation, Compagnie de Saint-Gobain, China National Building Company Limited, Rockwool International A/S, Ardex, Knauf Gips KG, Kerakoll Group, PCI Group, Parex Group SA, Mapei S.p.A, PABCO Building Products, LLC, Etex S.A., Baumit GmbH, Toupret, Caparol, JUB Group and Ceresit are featured in the report.

Sorting Machines Market Size to Escalate at a Rapid Scale Through 2025

Sorting Machines Market: Introduction

Sorting is arranging items in systematical way or grouping similar items. Sorting Machines are used to separate things into predetermined ways. Sorting Machines are designed to make things easier and the Sorting Machine techniques can be optical sorting, digital sorting, sensor sorting, magnet sorting and many more and these equipment sort objects on the basis of color, structural properties, weight, size, chemical composition, shape etc. in automated manner.  Color sorting machine technology can be camera, X-ray, Laser, LED based, Hyper Spectral Imaging. Food sorting machines are integration of mechanical and optical sorting technologies.

Functions performed by these sorting machines can be aligning, packaging, distributing, transporting, collecting, defect removal etc. thereby expediting the processes. Sorting Machines are used in distribution, packaging, food processing, mining, recycling, waste management, chemical, plastic industries. Another Major application of sorting machines is they are also used for Note Sorting.

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Sorting Machines Market: Dynamics

Increased production capacity of consumer goods and simultaneous monitoring of the batch products manufactured is a primary factor for employment of sorting machines in respective end use industries. Growing concern of food quality is the primary driver of Sorting Machine Market in the growing urbanization. The Sorting Machines market is expected to witness potential growth in Food industry as they are used in the food processing industry to ensure the quality of raw material used. Pharmaceutical industry is another prominent segment which is projected to facilitate a greater share of sorting machines for continuous batch production process. 

Improved automation technologies in Sorting Machines is increasing adoption of Sorting Machines as it reduces operation, maintenance and waste management cost. Also, Productivity can also be greatly improved by use of Sorting Machines, Therefor Sorting Machines market is expected to see huge market growth in coming future.

Governments across the globe has implemented strict policies to reduce waste reduction, Recycling and food safety and these stringent policies must be followed by all the organization involved in such sectors, hence ultimately boosting the demand of Sorting Machines and its Market growth. 

Emerging Economy and shift of mining activities toward it will generate more demand of Sorting Machines in the Market thus impacting the growth of Sorting equipment Industry.

However, the restraining factor of the sorting machine market is that these Sorting Machines are costly equipment and their number of extra parts adds extra cost making it very expensive. Also the existing installed base which has a fair shelf life will cause limited growth of the market where relatively less number of new units is likely to be procured by end users. Slowdown of manufacturing sector in developed economic countries is another factor as a deterrent for the growth of Sorting Machines market.

Sorting Machines Market: Segmentation

On the Basis of Product type, the Sorting Machine Market is segmented as follow:

• Belt Sorters
• Freefall Sorters
• Channel Sorter
• Automated Defect Removal (ADR) Sorters

On the Basis of Application, the Sorting Machine Market is segmented as follow:

• Food Industry
• Chemical Industry
• Plastic Industry
• Pharmaceutical Industry
• Wood Industry
• Packaging
• Agriculture

Sorting Machines Market: Regional Outlook

Europe dominates the market of Sorting Machines and is expected to maintain its position in coming years as the regions increasing focus on high degree efficiency and precision in removing impurities from food products thus boosting the market growth and adoption of Sorting Equipment.

United states government has implemented regulations under the Environmental Protection Agency about the policies of protection of state environment and   management of waste, and the segregation of waste, sorting of wastes, mining activities has set of requirements of Sorting equipment. Thus current critical environment condition and stringent rule of US in the region will call for increasing number of Sorting Machines and is expected to see potential growth.

Asia Pacific owns sizable market in Sorting Machines as growth in pharmaceutical, FMCG, food & beverages sector in the region will significantly drive the Sorting Machine Market in the forecast period.

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Sorting Machines Market Key Players: Tomra, Bühler Sortex, BarcoVision, Sesotec, Aweta, Raytec Vision, Daewon GSE, Bühler Sortex, BT-Wolfgang Binder, Concept Engineers

Insulation for healthcare and hospitals Market Revenue Predicted to Go Up by 2025

Insulation for healthcare and hospitals Market: Introduction

Insulation for healthcare and hospitals is employed in order to achieve comfort and safety for its occupants. Insulation for healthcare and hospitals is very necessary for the audience present in it such as patients, doctors, visitors, etc., as this sector contains energy-intensive systems and needs an ambience free from regular noise and dim, shielding from radioactive and electromagnetic emissions generated by scanning and diagnostic equipment. Additionally, Insulation for healthcare and hospitals is very necessary as it has a more energy impact as most of the hospitals operate 24 hours .

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Moreover, maintaining IAQ (Indoor Air Quality) of the building is very important and healthy for some healthcare buildings such as hospitals and clinics. Bad IAQ can have a bad impact on the health of occupants of the hospital's buildings, it can cause lack of concentration, nausea, headaches, fatigue, dizziness, drowsiness, respiratory diseases (bronchitis, asthma, etc.), nose, ear, eye and throat irritation, etc. Also, all the healthcare and hospitals buildings contain a major amount of condensate piping and steam supply. As, these buildings use steam for humidification, sterilization, and laundry facilities, therefore Insulation for healthcare and hospitals is necessary. It is used for the insulation and protecting the healthcare and hospitals building from air, sound, water, and dust.

Insulation for healthcare and hospitals has various advantages such as it can maximize the energy efficiency, minimize the overhead costs, reduce noise between the rooms and level, enhance the HVAC systems performances, improve the life of HVAC systems, minimize the carbon emission, etc. Additionally, the product life of insulation for healthcare and hospitals is very long, and it provides a healthier environment for the hospitals.

Insulation for healthcare and hospitals Market: Market Dynamics

Rapidly increasing infrastructure, building, and construction, awareness towards safety and hygiene in many hospitals lead to drive the market of Insulation for healthcare and hospitals. Additionally, some characteristics of the product such as it can increase the energy efficiency, minimize the overhead cost, long product life, improve HVAC systems performance, and provide a healthy environment in the hospitals will also act as the drivers for the Insulation for healthcare and hospitals market. On the other hand, the high cost of the product and high labor cost incurred during the installation of Insulation for healthcare and hospitals may consider as a hindrance to the market. However, increasing construction of high technology hospitals in tier 1 cities of all the regions and adoption of this solution in these hospitals may arise the good opportunity for the growth of Insulation for healthcare and hospitals market.

Insulation for healthcare and hospitals Market: Segmentation

• Market segmentation of the Insulation for healthcare and hospitals market on the basis of its product type:
  • Fiberglass Insulation
  • Cellulose Insulation
  • Radiant Barrier Insulation
  • Faced Insulation
  • Other
• Market segmentation of the Insulation for healthcare and hospitals market on the basis of its material:
  • Radiant barrier
  • Fiberglass
  • Cellulose
  • Acoustical ceiling tiles

Insulation for healthcare and hospitals Market: Regional Outlook

Europe region dominates the market of Insulation for healthcare and hospitals, in terms of both value and volume in 2016, followed by Asia Pacific and North America. However, over the forecast period, Asia Pacific region is expected to lead the market by growing at comparatively high CAGR and capture significant market shares of the Insulation for healthcare and hospitals market, followed by the Middle East and Africa region and Latin America region. The Middle East and Africa region and Latin America region are anticipated to grow at the lucrative rate of growth, owing to the development and awareness towards safety in the sector. This is owing to the reason that Europe and North America regions are mature markets as compared to other developing regions such as Asia Pacific, the Middle East and Africa and Latin America.

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 Insulation for healthcare and hospitals Market: Market Participants

Examples of some of the market participants in the Insulation for healthcare and hospitals market identified across the value chain are Armacell, CertainTeed, Old Dominion Insulation, CSR Bradford, Aerofoam, Chaparral Insulation Company, Carel, PPO Elektroniikka, SoundCoustic, Callan Insulation, Rilmac Healthcare Services, TP3 Global, etc.

Nonylphenol Market is Progressing Towards a Strong Growth by 2025

Nonylphenol Market: Introduction

Nonylphenol is an organic compound which belongs to the category of alkylphenol group. Nonylphenol is a colorless to pale yellow, viscous liquid, having a characteristic smell. Generally, Nonylphenol is manufactured by the alkylation between phenol and nonenes mixture in presence of acid catalyst. Nonylphenol can be the branch or linear chain compound, however, branched Nonylphenol are industrially preferred and depend upon the attachment of nonyl group to phenol i.e. on 2 or 4 (para) position, Nonylphenol are categorized. Nonylphenol is also further processed in order to produce nonylphenol ethoxylates (NPE) which is non-ionic in nature owing to which it is predominantly used as emulsifiers, detergents, antioxidant, cleaners and in several other industrial application.

Furthermore, Nonylphenols are used as chemical intermediate/ precursor in the manufacturing of phenolic oximes, phenolic resins, epoxy resins, paints, additives for tire industry and for the mining industry, among others. However, half-life period of Nonylphenol is around 60 years that indicate the slow rate of Nonylphenol degradation. As, many products such as detergent, soap, etc. contain Nonylphenol owing to which even in sewage treated water contained Nonylphenol that further accumulated in agriculture land and caused an effect on its fertility. Thus, many countries have restricted limits for the Nonylphenol amount in the manufacturing. 

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Nonylphenol Market: Dynamics

Growing demand for the detergent/ surfactant in various end-use industries as well as in domestic application across the globe is expected to drive the demand for the Nonylphenol. Being the major precursor compound for the resins manufacturing coupled with the growing market of polymer and plastic that subsequently resulted in increase in demand for Nonylphenol. Furthermore, increasing per capita expenditure and the personal care and cosmetic products wherein the Nonylphenol compounds are used in manufacturing, in turn, boost the market demand.

Apart from this, government regulations in the developed region such as in Europe and US and initiative for the sustainability development that leads to increasing in demand for biodegradable compound owing to which Nonylphenol market growth may get hampered. However, a major manufacturer of Nonylphenol is focussing on an enhancement of production facility and presence in a major market such as India, China, etc. as Nonylphenol find usage in a variety of applications. Thus, many countries had imposed an antidumping duty on the Nonylphenol in order to support the domestic manufacturer.

Nonylphenol Market: Segmentation

On the basis of Function, global Nonylphenol market is segmented into;

• Antioxidant
• Emulsifier
• Cleaning
• Surfactant/detergent
• Others

On the basis of Application, global Nonylphenol market is segmented into;

• Polymer & plastic
• Chemicals
• Textiles
• Cosmetics & Personal Care
• Household Products
• Paper & Pulp
• Others

Nonylphenol Market: Regional Outlook

In terms of production and consumption, the global Nonylphenol market is dominated by the Asia Pacific region (APAC). The growth of end-use industries such as chemical, textiles, Personal care, cosmetics and polymer industries is prompt in the APAC region coupled with the increasing per capita spending has translated into an increasing demand for Nonylphenol. In the APAC region, China, followed by India is a major market for Nonylphenol in terms of value and volume. The APAC Nonylphenol market is expected that register a significant CAGR over the forecast period.

North America and Europe collectively hold the second spot in terms of market share. Rising demand for surfactant, emulsifier, and chemical synthesis applications in North America and Europe are expected to increase the demand for Nonylphenol over the forecast period. In Europe, Western Europe dominates the Nonylphenol market in term of consumption. However, government regulation in North America and Europe may effect on the growth of Nonylphenol markets.  North America and Europe Nonylphenol market are expected to register steady growth over the forecast period. The MEA and Latin America Nonylphenol market are projected to register slow growth over the forecast period.

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 Nonylphenol Market: Market Participants

Examples of some of the market participants in the global Nonylphenol market, identified across the value chain include, Huntsman International LLC, Dover Chemical Corporation, SI Group, Inc., PCC Group, China Man-Made Fiber Corporation, FORMOSAN UNION CHEMICAL CORP., and Jiangsu Jiafeng Chemical Co., Ltd., among others

Automotive External Airbag Market is Expecting Worldwide Growth by 2025

Automotive External Airbag Market: Introduction

Automotive External Airbag Market is estimated to witness the significant growth in the future, owing to increasing concern of pedestrian as well as vehicle safety. Automotive external airbags are utilizing integrated airbags and a crash detection system to reduce harm experience by passengers during collision. The technology use in automotive airbag consists of several components such as airbag module, hood lift limiter and sensors, among others. These airbag are integrated in many exterior part of the vehicle that include inside the front panel of the vehicle and inside the tires, among others. The sensors which are integrated with airbags, detect a collision with a pedestrian at speeds 20 to 50 Km/h and trigger the deployment of the airbags. The reaction time of the automotive external airbag is approximately 20 to 30 milliseconds.

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Automotive External Airbag Market: Market Dynamics

Rise in the number of pedestrian accidents, in turn propel the demand of automotive external airbags in the market.  To avoid accidents, government across the globe are implementing safety norms for the automobile and these norms will become mandatory for all automobile in the forecast period. This factor is expected to fuel the growth of automotive external airbag market. Recently, this technology is mostly preferred by luxury car manufacturers, owing to high speed and affordability of the high class population, which in turn, boost the growth of automotive external airbags in the upcoming years. Increasing purchasing power parity of middle class population across the globe is another key factor which is expected to drive for automotive external airbags over the coming years. With the increasing demand of passenger cars, manufacturers are working on implementation of this technology in passenger cars with prime focus on cost cutting along with increase in safety. This factor is anticipated for the growth of automotive external airbag market. 

High initial and installation cost of automotive external airbags can act as a restraint for hamper the growth of automotive External Airbag market. Moreover, rising prices of vehicles along with high cost incurred in design and testing is also estimated to hinder the growth of said market in the future.

Automotive External Airbag Market: Segmentation

Automotive External Airbag Market can be segmented by material type, airbag type, vehicle type, sales channel:-

On the basis of material type it can be segmented into:

• Nylon
• Polyester
• Others

On the basis of airbag type it can be segmented into:

• Hood airbags
• Bumper and grille airbags
• Side airbag

On the basis of vehicle type it can be segmented into:

• PC (Passenger Cars)
• LCV (Light Commercial Vehicles)
• HCV (Heavy Commercial Vehicles)

On the basis of sales channel it can be segmented into:

• OEM
• After Market

Automotive External Airbag Market: Regional Outlook

North America is anticipated to hold a prominent share in the global automotive external airbag market, owing to adaptation of advance technologies regarding automobile safety by customer and high disposable income witnessed in the working class population of US and Canada. Automotive external airbag market is expected to grow in Asia Pacific region, due to increasing automotive industry as well as sales of luxury vehicles. This factor is coupled with increasing living standards especially in the countries such as China and India. Moreover, Asia Pacific is also projected to have a prominent share in the said market in the future, owing to increasing government regulations regarding safety. Europe is projected to contribute a considerable share in global automotive external airbag market due to large number of automobile manufacturer in the region. Recent goals led by European commission regarding pedestrian safety which are far lag by European union is expected to compel the European manufacturer to invest immensely on research and development of automotive external airbags, which in turn, accelerate the growth of the market in the forecast period. East and Africa is expected to grow with moderate rate in global automotive external airbag market during the forecast period.

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 Automotive External Airbag Market: Market Participants

Examples of some of the market participants identified across the value chain of the global automotive External Airbag market includes: Autoliv, Hyundai MOBIS, Takata, TOYODA GOSEI, Ashimori, Bosch, Continental, DAICEL, DELPHI, Key Safety Systems (KSS), Nihon Plast, Ningbo Joyson Electronic, ZF TRW.

Shiplifts & Transfer Systems Market is Expected to Witness a Steady Growth by 2025

Shiplifts & Transfer Systems market: Introduction

Shiplifts are employed to maneuver launched and unlaunched ships in very controlled and efficient manner and also lessens space requirements at the waterfront. The shiplifts system is also designed for longitudinal or side transfer of ships. When pooled with a transfer system, numerous work berths make available environmentally and ef?cient safe work areas well away from the water. Shiplifts transfer system principally has three common types, winched, hydraulic dock lifts, Floating dock lifts. Shiplifts with winches are the most common type of shiplifts system and demand an innovative performance from the supportive structure than is required from tedious maritime civil engineering, especially deflection. For naval vessels and commercial and the same, it offers a distinctive repair facility with its rail-based transfer system enabling large vessels to be moved off the shiplifts and runway to dry berth sites. In ship yards the transfer is carried out with single level transfer system and duel level transfer system and these allows the transfer of carriages from sea to land.  The key element of major modernization program of shipyard, is the construction of the new shiplifts and transfer system facilities.

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Shiplifts & Transfer Systems market: Dynamics

Growing market of shiplifts and transfer system is because of its efficient waterfront space utilization and retrieval of vessels. Moreover, ship lifts are designed to allow yards to retrieve and launch ships in a time-ef?cient and controlled manner. For meeting the different demands of maximum distributed loads, shiplifts and transfer system utilize numerous types of hoist capacities and varied their space capabilities. Furthermore, a shipyard’s business is wholly dependent on the productivity and reliability of their ship lifting and transfer facility. On a daily basis, there is more productive shiplifts and transfer system required for functioning of shipyard system.

Manufacturing of shiplifts & transfer system required hefty amount of money for designing shiplifts and raw material among others. The challenges associated with the shiplifts & transfer Systems market is the maintenance and crucial design of these system which can cause loss of control of the shipyards. These all factors become one of the restraining factor for global shiplifts and transfer system market growth.

Shiplifts & Transfer Systems market: Segmentation

Shiplifts and transfer system can be segmented on the basis of its transferring mode and product type and business type

On the basis of transfer mode, ship lift and transfer system can be segmented as

• Platform based shiplifts and transfer system
• Rail based shiplifts and transfer system

On the basis of product type, ship lift and transfer system can be segmented as

• winched
• floating dock lift
• hydraulic lift dock

On the basis of Type of business, ship lift and transfer system can be segmented as

• Naval (surface and submarines),
• Commercial,
• Cruise shipbuilding and ship repair

Shiplifts & Transfer Systems market: Regional Outlook

The European shiplifts and transfer system is growing due to government support programmers for commercial and export business purposes in several European countries and the inclination of shipyard business towards comfortable ship lifting and transferring. Inclusively, the increased number of water ports results in a greater demand for shiplifts and transfer system. Shiplifts and transfer industry of India has progressively shifted track in contemporary years, switching from conventional method to additional Shiplifts & Transfer Systems. Ship repair is one of an area, where there is immense potential of future growth in India. China is also is one of the prominent manufacturers of shiplifts and transfer system. These factors are estimated to Increase the demand for advanced Shiplifts & Transfer Systems. The Governments of Western and South Australia, in particular, identify the value of a healthy shipbuilding industry and have partnered with industry to develop local facilities. North America market has prime manufacturers of shiplifts and transfer system and is expected to show significant growth due to the elevated demand of shipyard handling equipment. Demand from Middle East and Africa region for Shiplifts & Transfer Systems market raises owing to rapid industrialization and growing defense sector.

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Shiplifts & Transfer Systems market: Market Participants

Examples of some of the market participants in the Shiplifts and Transfer Systems market are

• TTS Group ASA
• Southern Marine Shiplifts pty ltd
• L&T India
• Larsentoubro
• TPK systems Pte Ltd
• Royal Haskoning DHV
• GANTREX