Increase in automobile sales coupled with strong manufacturing index is likely to drive lubricants market growth

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The size of lubricants market was anticipated as 37.73 million tons in the year 2014 and is predicted to touch 47.75 million tons till 2022, rising with a CAGR of 2.9% between the years 2015 to 2022 as per the research done by Global Market Insights. Increase in demand in 3D printing along with medical appliances is likely to further fuel up the market. Talking about revenue collection, market touched USD 37 billion in the year 2014 and is likely to go beyond USD 74 billion till 2022, with an annual growth rate of 8.5%. The main purpose of lubricants is to reduce friction, thereby avoiding wear and tear in automotive parts like piston, connecting rods and shafts. Exponential growth in industrialization will definitely bring boom to lubricants market trend.

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India along with Africa is the budding markets and India is likely to enjoy a huge growth. In 2015, Petronas Lubricants International (PLI) had come up with $50 million blending plant in Maharashtra, India. According to Giuseppe Pedretti, Asia head of PLI, India is a prominent market in Asia region and they are planning to expedite their business in India. This industry is constructed on 25 acre and a production of 110 million liters is expected in a year. The factory is likely to start their business till the end of 2017.

Lubricants Market Size

Countries like India and China are noticing a significant expansion in sectors like metal forming, mining, machining and plastic industries and the demand of these sectors are likely to increase in near future. Indian market of lubricants is predicted to rise at a faster rate with an anticipated CAGR of beyond 11% between the years 2015 to 2022.

Market size of fluids is likely to rise with a CAGR of 8.6% between the years 2015 to2022. These process oils have a wide utility in technical and chemical sectors for lubrication. Booming demand of chemicals especially in Asia Pacific region is likely to increase the productivity of fluids.

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Prominent oil and gas industries like Shell, Sinopec, British Petroleum and Idemitsu are integrated lubricant producers which focus on adequate supply of raw material for steady manufacturing of oils. With integrations, it becomes easier for these companies to expand their business. Most of the manufacturers have a contract with oil and gas industries for efficient supply of raw material. Depletion in crude oil extraction has resulted in crisis of raw material and hence, many companies are emphasizing on refining techniques for uninterrupted raw material supply.

Author NameDhananjay Punekar

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Increasing adoption rate of smart meters is expected to drive embedded system market

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Global Market Insights Inc. announces the release of a comprehensive research report on Embedded Systems. The report projects the market to witness burgeoning growth and surpass US$258.72 billion by 2023. Smart grid initiatives, rising investments in automation technologies and persistent growth in consumer electronic devices segment is likely to drive the demand.

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Following are the projected key trends:

  • Designing Secure Systems on Focus
  • Emergence of M2M Communication drives Demand for Embedded M2M Solutions
  • Smart devices and vehicles open up the application avenues
  • Growing Role of Electronic Control and Signaling in Railway Networks creates prospects
  • Advancement in Medical and Healthcare Boosts Market Opportunities

Embedded system is a combination of computer software and hardware specifically designed or programmed to execute a particular function. It plays an important role in almost every electronic device. An MP3 player, cell phone, control menu on TV systems, are a few examples of day to day applications of this system.  It is found wide acceptance in every sector including automobiles, Industrial machines, cameras, medical equipment, airplanes, household appliances, toys, vending machines, and many more. It is a key enabler of a smart device. The advent of semiconductor technology has led to declining costs of microprocessors together with reduced manufacturing costs have contributed to widen the horizon of advanced microcontrollers’ applications.

Embedded System Market Size

Consumer electronics is one of the key end-use sectors for this market. Proliferation of smart devices like smart phones, LED TVs, electronic and home appliances is likely to open new avenues for the market. At present, the consumer electronics sector is witnessing significant growth owing to technology trends like mobility, miniaturization and digitalization. Furthermore,   growing demand for smart living with smart devices like advanced gaming consoles, portable devices like video players, sophisticated digital cameras, and home appliances including dishwashers, refrigerators, dryers, washing machines, air conditioners, and electric cookers is anticipated to fuel the market growth.

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North America embedded system market size is projected to be worth 84 billion at a growing CAGR of 5.7% in the near future. Europe is anticipated to pick up the pace during the projected period and surpass USD 62 billion over the predicted time frame. Asia Pacific market is likely to register USD 81 billion by 2023 owing to the largely available skillful professionals in software development.

Key participants of the moderately competitive market include Renesas Electronics, Freescale Semiconductor, Microchip, Infineon Technologies, Atmel Corporation, Samsung, STMicroelectronics and Texas Instruments.

Author NameDhananjay Punekar

Increasing demand for integrated and built-in monitoring systems is expected to drive the power transformers market growth

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Global Market Insights Inc. has announced the new study based report on power transformer market. The report forecasts the market size to be worth USD 34.64 billion by 2022. Increasing power consumption, technology advancements in developing countries and favorable government regulations are likely to boost the market growth. The cost of important raw materials like oil, steel, aluminum and copper have been volatile over the years. This fluctuation in the price of raw materials is likely to hamper the growth.

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Power transformers are used to step down and step up the voltage. They are used to connect electrical networks having different range voltages, as they facilitate an exchange of power between these networks. Transformers find wide acceptance in a large array of applications across manifold industries including mining, chemical plants, etc.

Surge in renewable, light weight and environment friendly energy sources is expected to further the global power transformer market. 501 MVA to 800 MVA output power is projected to witness substantial growth over the anticipated period. Increasing demand for electricity in emerging economies including India, Russia, China, and Brazil is poised to fuel global market.

Power Transformer Market Size

Moreover, rapid economic growth, and the need for reliable and uninterrupted power supply is projected to observe healthy growth rate in the near future.

100 MVA to 500 MVA output power leads dominated the product segment of the market is anticipated to exhibit growth during the estimated period owing to varied usage in distribution and transmission network for step-up and step- down application. 801 MVA to 1200 MVA output power is likely to upsurge at more than 5% over the predicted time frame.

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Asia Pacific power transformer market size is forecast to hit USD 13 billion at a CAGR of 6.6% over the next few years. Europe is projected to reach USD 8 billion by 2022, with gains of 5.6% during the predicted period. European nations have adopted various initiatives for deploying green transformer and this is expected to positively influence the demand growth. North America region is forecast to witness surge at prominent growth rate due to growing industrialization and modernization.

The report features the landscape of fairly competitive global power transformer market with company profiles, key strategies and trends listed in the report. Top 6 key players include Alstom, ABB Ltd, Toshiba Corp, Siemens Energy, Crompton Greaves and GE. Green transformers featuring low noise levels, losses and online monitoring system are likely to open new avenues in the market.

Author NameDhananjay Punekar

Europe sandblasting machines market to derive remarkable proceeds by 2025

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The rising demand for robotic blasting procedures in automotive, marine, and construction sectors has invariably propelled the sandblasting machines market share augmentation over the recent years. With the growing need to significantly reduce waste generation and operational costs, the conventional blasting systems are being replaced with technologically progressive blasting solutions across various business verticals.

U.S. Sandblasting Machines Market Share, By End-user, 2014 – 2025 (USD Million)
U.S. Sandblasting Machines Market Share, By End-user, 2014 – 2025 (USD Million)

It has been observed that the local manufacturing firms operating in aftermarkets have been demanding high-grade sandblasting machines to refurbish tanks, railway carriage, trolleys, and vintage cars. As a consequence of the aforementioned factors, the overall remuneration graph of sandblasting machines industry has demonstrated an exceptional uptick in the recent past.

The competitive landscape of sandblasting machines market has been swamped by leading giants in HVAC and construction industry which includes Gläsner Sandstrahl Maschinenbau, Kramer Industries, Graco Inc., Burwell Technologies, Empire Abrasive Equipment Company, Clemco Industries, ABShot Tecnics, MHG Strahlanlagen, and Airblast B.V to name a few. In order to better serve a wide base of customers from numerous business verticals, the aforementioned firms have been adopting the route of strategic acquisitions in the recent past.

Citing an instance of the same, one of the prominent manufacturers of fluid handling equipment Graco Inc. has recently announced to have concluded the takeover of scarifying equipment producer Smith Manufacturing in the month of December last year. Elaborating further, the latest acquisition will assist Minneapolis-based Graco to complement its existing pavement maintenance and line striping equipment portfolio with Smith Manufacturing’s vast range of products.

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As a result of the amalgamation of production capabilities of both the firms, Graco Inc is slated to significantly boost its presence in the U.S. sandblasting machines market. Tactics such as these by leading firms will also help augment sandblasting machines market trends over the forecast years.

Despite a robust growth graph, the global sandblasting machines market outlook is fraught with numerous challenges that might hamper rapid product penetration across various business areas in the upcoming years. One of the most pivotal factors that is slated to impede sandblasting machines market business space is the rising environmental concern pertaining to wastewater discharges from dust control sprays and noise pollution.

Various developed and emerging nations have increasingly prohibited the utilization of cleaning abrasives that consist of silica in excess of 0.1%. For the record, it has been observed that inhaling dust particles from abrasive materials such as silica sand could result in severe breathing complications as it escalates the risk of contracting various lung disorders.

In this regard, it would be imperative to mention that several regulatory authorities along the likes of Food and Drug Administration (FDA) and Environment Protection Agency (EPA) have prescribed various eco-friendly alternatives like dry ice blasting that would further restrict the revenue share of sandblasting machines industry in the longer run. However, the proactive implementation of numerous control measures such as constructing exclusion zones around sandblasting activities, substitution of hazardous components with environment-friendly ones, and engineering controls would undoubtedly assist sandblasting machines market space to proliferate at a substantial pace.

In terms of regional growth outlook, the Asia Pacific region has emerged as the foremost terrain garnering a commendable share of the total remuneration portfolio of the global sandblasting machines market in 2018. The rapid product penetration in this region can suitably be attributed to soaring construction, manufacturing, and industrial activities. Concurrently, the major emerging economies across Asia Pacific such as India and China have been at the forefront to generate the largest demand for sandblasting machines.

The European continent is also anticipated to accumulate a substantial proportion of the global sandblasting machines market share in the ensuing years. The commendable hold that Europe is expected to have on the industry can be credited to the robust expansion of the regional automotive, O&G, and construction sectors. Indeed, numerous EU member countries are found pouring in capital in lucrative oil and gas projects, which will majorly propel Europe sandblasting machines market size.

Owing to a slew of impressive properties such as reduced changeover, automated media flow control, customized data collection, automatic recovery, and lower downtime, sandblasting machines are being extensively utilized across various business verticals to provide high-quality and smoothly finished components. Boasting of a rich application landscape including petrochemicals, painting, metalworking, oil & gas, marine, construction, and automotive, sandblasting machines market size is anticipated to witness exceptional growth in the years to come.

Author NameSaif Ali Bepari

Increasing construction spending coupled with growing importance to protect foundations, and slabs is expected to drive waterproofing membranes market growth

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In an era where ecological competence has gained a pivotal importance in construction sphere, waterproofing membranes market is set to emerge as one of the most opportunistic business spheres of polymers and advanced materials industry. Pertaining to the growing concerns over environmental degradation and resource limitation, green roofs of late, are claimed to be the most widespread preference in the construction community. Needless to say, waterproofing membranes are absolutely critical for establishing these types of green roofs. While some are intrinsically impervious, most of these roofs require some kind of treatment to prohibit any kind of water leakage into the building.

Germany waterproofing membranes market size, by end-use, 2016 & 2024 (USD Million)
Germany waterproofing membranes market size, by end-use, 2016 & 2024 (USD Million)

Indeed, the inevitable requirement of maintaining building sustainability has provided a significant impetus to global waterproofing membranes market trends. However, it is prudent to mention that in spite of the growing number of policies implemented by emerging economies with regards to building energy performance, the average energy consumption per person in the building sector practically remained unchanged over the past few years. As a matter of fact, global building related carbon dioxide emission has continued to rise by 1% since 2010. Amidst this slightly distressing scenario, waterproofing membranes industry is sending out waves of anticipation, on grounds of its contribution in reducing the environmental concerns. IEA’s latest report claims that low carbon energy efficient building technologies can ultimately lead to improvement in global energy utilization per capita by at least 10% by 2025.

Regionally, China has emerged to be one of the profitable growth avenues for waterproof membrane market, primarily on account of the increasing infrastructural development and industrialization in the country. The growing infrastructural activities, in consequence, has tremendously upscaled the energy consumption in the China’s building sector, which by extension has generated a massive demand for waterproofing membranes in the region. Statistics indicate that energy consumption of buildings in China accounts for nearly 15% to 16% of the total energy consumption of the nation. To speak of the product landscape, bitumen membranes, as it is observed, have been gaining a sheer popularity in China market for roofing applications, subject to its excellent adhesion properties and favorable regional governmental norms. As per estimates, China bitumen waterproofing membranes industry share from roofing applications is set to exceed USD 250 million by 2024.

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Companies partaking in this moderately consolidated business space are deemed to witness lucrative opportunities over the ensuing years, given the rising preference of green buildings both across developing as well as developed nations. In the face of intense share battle, waterproofing membranes market players have been increasingly joining forces with one another to come up with innovative solutions, in a bid to substantiate their position. Recently for instance, BASF, one of the leading waterproofing membranes market giants, collaborated with SoloPower Systems, to launch a multi-layered seamless roofing system that would act as an interface between the environment and building. Reportedly, this highly enhanced multi-layered water proofing membrane holds considerable opportunities for cost effective energy saving in buildings. This breakthrough system, as per reliable sources is comparatively 60% lighter than the conventional roofs, subject to its unique architecture.  Backed by a slew of advantages with regards to energy efficiency and environmental viability, this groundbreaking roofing system plausibly would bring a disruption in the waterproofing membranes industry.

While speaking of the market’s potential opportunities, it is also imperative to mention that the business space is subject to a string of constraints, fluctuating price trends of raw materials being at the pinnacle. The primary feedstocks for manufacturing these waterproofing membranes are bitumen and polypropylene. As these materials are mostly petroleum based, volatile crude oil price trends leave a somewhat deterring impact on waterproofing membranes industry outlook, in terms of overall production cost.  Nonetheless, with regional players making significant investments in product differentiation, both in terms of quality and cost, the industry is forecast to witness appreciable growth over the ensuing years. In terms of commercialization, the overall waterproofing membranes market would exceed a valuation of USD 10.5 billion by 2024.

Author NameSatarupa De

Global fluorochemicals market to be extensively characterized by a strict regulatory framework and sustainable product developments

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Global fluorochemicals market is one of the most opportunistic yet debatable business spheres of recent times. The trend is driven by the product being a subject of questions by regulatory authorities on grounds of its environmental viability.  The United States EPA is taking significant measures to limit four PFASs (poly and perfluorinated alkyl compounds) that are responsible for contaminating drinking water in at least twenty states across the nation. The move marks a remarkable influence of the regulatory framework in swaying the fluorochemicals industry trends.

U.S. Fluorochemicals Market Size, By Product, 2017 & 2024, (Kilo Tons)
 U.S. Fluorochemicals Market Size, By Product, 2017 & 2024, (Kilo Tons)

A major shift in the competitive landscape of fluorochemicals market is underway with  renowned biggies joining forces to come up with solutions that are in sync with the sustainability trends. Chemours’ strategic tie up with Arkema bears a testimony to the aforementioned declaration. Reportedly, the American fluorochemical industry giant has signed an agreement with Arkema for distributing XP40 in the European Union to address the growing GWP (global warming potential) refrigerants demand under the F-gas regulation. Not to mention, refrigerant applications contribute a chunk to the global fluorochemicals market share and is anticipated to exceed USD 30 billion by 2024.

For the record, Opteon™ XP40 by the Chemours Company is presently the most preferred choice among retailers, contractors, supermarkets, and distributors across the European belt, on account of its improved performance and sustainable environmental footprint. In fact, statistics depict that XP40 features nearly 65% reduction in GWP as compared to its contemporaries. With this agreement, the company is planning to expand the access of this breakthrough product across Europe fluorochemicals industry, which is expected to register 3% CAGR over 2018-2024.

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The growth spectrum of fluorochemicals market can also be credited to a rich product landscape comprising fluoropolymers, fluorocarbons, and inorganics & specialties. Grounding on estimation put forth by Global Market Insights, Inc., that claims fluoropolymers market size to reach USD 9 billion by 2024, it would not be incorrect to state that fluorochemicals market is set to gain tremendous remuneration opportunities from this vertical. Endowed with a barrage of unique features like high base resistance, non-adhesiveness, and superior electric properties, fluoropolymer applications span across semiconductor, aircraft, automotive, and domestic sectors.

It is imperative to mention that global fluorochemicals market has been experiencing a flux since a while now. High price trends of fluorocarbons subject to its phase out polices in parallel to its increased demand is somewhat creating a disproportion in the supply demand curve. In tandem, the dominance of stringent regulatory structure and the subsequent high compliance cost is also influencing the competitive terrain. In the face of this relentless regulatory pressure, established fluorochemicals industry giants, it has been observed, have been striving hard to bring technological advancements in the manufacturing processes with mergers & acquisitions as one of the most prevalent growth tactics.

The global fraternity is anticipated to record lucrative proceeds in emerging economies in the ensuing years, backed by the massive expansion of automotive and construction sectors. In fact, APAC, driven by India and China is projected to exceed a demand of 2.5 million tons by 2024. India alone is expected to surpass a revenue of USD 3 billion by 2024, with proliferating automotive and aluminum production bagging the growth credits.  All in all, with a rich product and application spectrum, the worldwide fluorochemicals market size is expected to register phenomenal growth in the coming years, surpassing a revenue of USD 70 billion by 2024.

Author NameSatarupa De

Increasing marketing budget by companies to spend on advertising campaigns in order to create brand equity is expected to drive PMMA market growth

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Global market Insights has announced release of new study based report on PMMA (Polymethyl Methacrylate). According to the report projected for period of 2015-2022, PMMA market size is forecast to surpass 3.1 million tons, at a growing CAGR of more than 6.3% by 2022. Growing expenditures in marketing and advertising campaigns is projected to fuel market growth during the expected time frame.

View a summary of the “Synthetic and Bio-based Polymethyl Methacrylate (PMMA) Market Size, Industry Analysis Report” @ https://www.gminsights.com/industry-analysis/synthetic-and-bio-based-pmma-polymethyl-methacrylate-market-size

The latest industry research report scrutinizes the PMMA market by different segments including regions, applications, companies, etc. over the projected time frame of seven years. This report provides a comprehensive overview of the PMMA industry comprising definitions, classifications, and market players in the industry chain structure. The qualitative and quantitative is offered for the market considering key development trends, competitive landscape, and crucial factors prevailing in the synthetic &Bio PMMA market.

The research report scrutinizes the global synthetic &Bio PMMA industry from 360 degree perception, taking manifold facets into consideration including segmentation, key developments, market overview, market growth and dynamics, market trends and future outlook, market opportunities, potential investment segment, competitive landscape etc.

Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market Size

Global bio PMMA market will witness higher growth rates and exceed 530 kilo tons by 2022 during the estimated time frame. PMMA market price trend is likely to prove a vital factor in market penetration for bio-based alternatives. Global advertising expenditure is anticipated to surpass USD 670 billion by 2022. Increasing demand for low emission, light-weight and fuel efficient vehicles is projected to boost growth.

Rising demand for LED flat panel display TVs, growth in sign and display segment, growing application scope in healthcare sectors are expected to impact the market growth positively. Fluctuating prices of raw materials are forecast to hamper PMMA market growth.

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Strict government rules and regulations to limit GNG emissions and control dependence upon reducing fossil fuels are anticipated to support bio based PMMA market growth. Rising investments in order to develop this technology is poised to open new growth avenues. Construction was accounted as the major application segment is anticipated to experience moderate growth at over 6.2% in the near future.

Asia Pacific dominated the revenue generation segment and is expected to witness substantial growth and hit USD 1.35 billion, owing to low production cost, cheap labor wages and large consumer base in China and India. Europe market is projected to experience below average growth rates up to 2022 owing to recent Euro crisis.

Key market players in the industry include Arkema (Atluglas International), Mitsubishi Rayon, Chi Mei Corp  and Sumitomo Chemicals, LG MMA, Dow Chemical,  Asahi Kasei, Kuraray and Polycasa.

Author NameDhananjay Punekar