Stringent regulation to reduce vehicle weight and curb carbon emissions is likely to drive automotive plastics market

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Global Market Insights has announced the addition of a new study based report on the automotive plastics market to their offering. The market size is predicted to surpass 18 million tons in terms of volume by 2022. In terms of revenue, the market is predicted to reach 52 billion from 2015 to 2022, at an anticipated CAGR of over 13.5%. The report focuses on quality analysis in terms of volume and revenue with a comprehensive overview of the market, including definitions and classification of the market, market trends, competitive landscape, coupled with key participants of the market, regional scenario, and aspects such as drivers, impediments, opportunities and challenges of the market.

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Versatile, lightweight plastic material offers superior designs and excellent resistance to weather conditions. This has increased the demand of this compound, as the most accepted form of design material in the automotive industry. Strict government regulations about vehicle emission control have resulted in implementation of lightweight plastics as substitutes for steel or aluminum metals. The increasing trend of lightweight vehicles to enhance fuel efficiency and increasing prices of metals is likely to further the growth. Factors like increasing investments in material research of plastic substitutes and higher material cost, non biodegradability of synthetic polymers, environmental concerns with regards to carbon emissions, etc. are predicted to hinder the market growth.Automotive Plastics Market Size

The report covers the analysis of the automotive plastics industry segmented into electrical components, power trains, under the hood and chassis, and interior & exterior on the basis of its application. Airbags, now being a mandatory safety measure in passenger cars, is likely to drive demand.

Regional analysis of the market report covers market insights on a regional scale. Asia Pacific is likely to retain its dominance as the largest automotive plastics market region for passenger cars. In terms of consumption, the Middle East & Africa region is anticipated to register as the top growing region. Growing automobile aftermarket sales are likely to impel the MEA market in next few years.

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Major participants of the market are profiled in the report with the comprehensive analysis of the business strategies, current trends and competitive landscape. The key players include BASF, Dow Chemical, Evonik Industries, Johnson Control, Delphi Automotive and AkzoNobel N.V. Borealis AG, Hanwha Azdel, GrupoAntolin-Irausa S.A, Magna International, Lear Corp, SABIC, Momentive Performance Materials, DSM and Owens Corning are some other major companies covered in the report.

Author NameDhananjay Punekar

Rising passenger vehicles production and increasing income level are expected to favor automotive HVAC market growth

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Automotive HVAC market size is projected to reach USD 23.19 billion in the year 2023 which was USD 12.44 billion earlier in 2015 as per the recent study by Global Market Insights, Inc.Countries like China and Japan along with growing countries like India and South Korea are witnessing a steep rise and are expected to lead the path in near future. The automotive HVAC Market size is expected to rise by 8.2% CAGR till 2023.

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All these figures are pointing towards the accelerating growth of vehicles, because of rise in production of vehicles, living standards, and amount of time spend in cars.

Automotive HVAC Market share greatly relies on the vehicle sale. With an upsurge in living standard and awareness among customers on energy-efficient products, an exponential growth can be expected in this sector. However, car’s fuel economy, might act as an obstacle in coming years, but its impact is likely to reduce in long term.

Automotive HVAC Market Size

Present generation vehicles are well-versed with innovative technologies which differ in performance, cost and application. All these features make travelling comfortable for users and promote them to spend a luxurious time on the road.

Players in this industry give their best for coming up with unique solutions for existing and potential customers. Design quality, price, timely delivery, customer service, product quality, innovation and overall management are some of the facets preferred by automakers in their suppliers. Suppliers with global engineering, robust technologies and strong development capabilities are quite suitable for meeting the expectations of automakers.

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Decreasing the size of vehicles is the key factor for both system and component manufacturers. Companies seek to distinguish their cars through comfort level and air quality.

Technology enhancement with an eye on indoor air quality will give a boost to automotive HVAC market price inclination.

Key insights from the Automotive HVAC Market report include:

  • Demand of light commercial vehicles (LCV) is expected to rise by 7.9% from 2016 to 2023.
  • Automatic systems are likely to lead in future as compared to 60% of automotive HVAC market earlier in 2015. These systems will even cross the overall average of 9.4% CAGR from 2016 to 2023.
  • U.S. market share is projected to have a gain of 7.9% CAGR over the forecast period. This is done for expediting the automobile production with the penetration of premium vehicles.
  • Asia Pacific market size was USD 5.3 billion in 2015 and is anticipated to take a growth of 9% from 2016 to 2023.

Author NameDhananjay Punekar

Increasing use of plant extracts as natural growth promoters as antibiotic substitutes for livestock production is likely to drive feed phytogenics market

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Feed phytogenics market size is forecast to exceed 145 kilotons from 2015 to 2022, with growth projected at over 2.5%. Global Market Insights has announced the addition of their detailed report on these plant derivate products market. The report discusses in depth analysis of market trends, drivers, restraints, challenges, opportunities as well as the competitive landscape of the market. The report estimates the global market size of these natural growth promoters in terms of value.

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The market is forecast to witness significant growth on account of its growing application in animal feed owing to the rising demand for meat over the projected time frame. These feed additives are natural growth promoters obtained from herbs, spices, and other plants. Increasing dependence on NGPs for livestock, including poultry, swine and cattle is anticipated to have the positive impact on the market growth.

Feed Phytogenics Market Size

Animal feed industry growth owing to increase in per capita meat consumption together with rising expenses for breed management is forecast to drive the NCPs market over the next few years. Rising fortification of phytogenics in bovine feed to add flavor and to stimulate high feed intake for growth and reproduction is also expected to further the market growth.

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Essential oils is a major segment of this market. Growing demand for essential oils that play important role in improving animal performance is forecast to favor the market growth. Moreover, increasing R&D expenses in application of these products is expected to have positive impacts over the predicted time frame. Swine applications are also projected to witness moderate gain during the estimated period.

Key regions covered:

The report estimates the market of growth promoters in key markets of Europe, and Asia pacific region. Asia pacific region is expected to continue its dominance for meat consumption in the market.  Europe phytogenics market is likely to grow at a moderate rate over the next few years.

Key players in the market:

The report discusses the following key market players, their profiles and key strategies. Some of the key companies included in report are:

  • Bioamin
  • Delacon Biotechnik,
  • Pancosma SA
  • Nutricare Lifesciences
  • Silvestris
  • Nor-Feed Sud
  • TrueVet

Key Topics Covered in the report:

  • Market Definition for Feed Phytogenics along with restraints, drivers of the market
  • Analysis with competitive landscape and assessments on a regional scale
  • Recognition of factors influencing the market scenarios and key market players,company profiles and strategic activities.
  • Insights on prospective opportunities and challenges

Author NameDhananjay Punekar

Growing demand across aerospace and railway industries anticipated to drive bearings market growth

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Bearings market size is expected to exceed over USD 142 billion by 2022, as it will grow over 7.6% in the coming years. This product is an essential mechanical component for proper and smooth running of vehicles and machineries. The industrial heavy machinery sector is the largest end user market, followed by automobile sector which can’t run without this product. The future growth of this market will come with an increase in requirement in aerospace and railway sectors. Asia Pacific is the greatest and fastest rising market in this sector, followed by China. Asia Pacific market was USD 36 billion in 2014 and is projected to gain USD 68 billion by 2022 with a CAGR of 8% between years 2015-2022.

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Increase in number of commuters taking advantage of public transportation is likely to be the key facet of rise in demand. Substantial growth is expected in this market because of high requirement for tapered roller components in wheels, gearboxes and journal applications along with ceramic coated ones used in traction-motor. They have small surface contact thus help in reducing friction which makes vehicle run smoothly and hence its demand can’t fall in future. It has a rising growth with approximately 42% of the overall share in 2014 and is expected to enjoy 78% in the coming year.

Bearings Market Size

The market trends seem to be promising in future. Automotive bearing market is projected to get significant gains with projection of USD 71 billion at a CAGR of 7.3%. An upsurge will be seen in agricultural sector as it is likely to grow with a CAGR of 7% because of economic recovery and improved performance. Machineries used for agriculture are also estimated to contribute in the elevation of this market. But yes, it is worth to notice the importance of the roller variety. They are mainly used when load enduring capacity is more important than speed. As per the market report, roller range is estimated to touch USD 51 billion up to 2022.

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It is anticipated that Europe will achieve USD 32 billion by 2022 which was USD 18 billion earlier in 2014. One more example of rising market for this product is North America which is expected to get USD 25 billion by 2022. Bearing market share is highly productive. The list of top most companies includes Timken, NSK Global, SKF, Schaeffler Group, JTEKT and NTN Corporation and these companies are contributing almost 60% of overall industry share. However, counterfeiting is a major problem which can be challenging to this market in near future. It is a problem faced by many industries and is a threat for them.

Author NameDhananjay Punekar

Rising adoption rate of smart gas sensors is expected to drive the gas sensors market size

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Gas sensors market size was USD 1.9 billion in 2014 and is predicted to achieve USD 2.9 billion in 2022 as estimated by Global Market Insights, Inc.  These devices are effectively used for maintaining the safety level especially in toxic environment condition. These sensors check the level of toxic gases mainly in industrial environments for avoiding any mishap. With a focus on security measures for preventing gas leakages, an exponential growth on this product is predicted. In addition, government norms for ensuring the health and security of workers are anticipated to increase demand over the projected period. Oxygen sensors are widely used in vehicles for maintenance of air quality. And also the effort to control emission across Asia Pacific is going to give a significant boost to the regional industry.Let’s take a look on some of the figures forecasting the future of sensors and their importance in near future.

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Nitrogen oxide sensors touched USD 150 million in 2014 and are anticipated to rise at CAGR of 6.5% from 2015 to 2022. Medical gas sensors market share had exceeded 10% of global revenue in 2014. In addition to this, CO2 gas sensor size was gone above USD 500 million in 2014 and is estimated to fuel up to USD 800 million in the year 2022. Latin America market has noticed 10% of global rise in 2014. Europe is expected to rise at a CAGR of over 4.5% in the coming years. These rising digits are not going to stop in future because of wide use of sensors in numerous industries.

Gas Sensors Market Size

Apart from above mentioned sensors and their statistics, semiconductor gas sensing technology is also widely used for checking the gas level by measuring the change in resistance of semiconductor.  It contributed to 18% of overall gas sensors industry in 2014. Along with cost effective feature, these sensors are known for eliminating toxic and combustible gases present in the environment.

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Chief manufacturers of sensors include Alphasense, Membrapor, Dynament, Figaro Engineering, City Technology and Dynament. All of them have dominated the market accounting for over 50% of the industry in 2014. In addition to new product development, companies working in this sector have adopted long-term agreements, along with mergers and acquisitions as primary growth strategies.

However, use of shale gas especially in electricity production may challenge the growth rate. It has emerged as an eco-friendly way of electricity production over the power generated through coal. But as per the predictions of market trends, these products are going to thrive in next coming years.

Author NameDhananjay Punekar

Rising demand for superior network capabilities and cloud-native architecture is predicted to drive the identity and access management market

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Identity and access management market size is forecast to be valued over USD 26 billion at a growing CAGR of 15% by 2022. The new report by Global Market Insights covers restraints, drives, opportunities and challenges in the market with comprehensive analysis of present and future market. Increasing demand for cloud-native architecture and advanced network capabilities are the top driving factors of the IAM market.

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IAM is a business security framework to ensure safe access to end users across manifold applications. A well defined process formulated to manage the information access highly improves the efficiency of any organization. IAM solutions help enterprises secure application systems with reduced time frame to permit access requests.

The global IAM market is anticipated to witness noteworthy growth owing to surging demand across different application segments. Surging adoption of this scheme by government agencies as well as medium and large scale organizations is expected to further IAM market growth in the predicted time frame.  Strict Government regulations and security standards, increased use of BYOT (Bring Your Own Technology) has led to boost the implementation of IAM services in IT & telecom sector. Increased use of mobile apps and cloud services is predicted to add to the complexity of IT.

Identity and Access Management (IAM) Market Size

Cloud IAM market share is anticipated to witness significant growth and is forecast to surpass USD 5 billion in the predicted time frame. Several applications including Google Apps, WebEx, Box.net, and Yammer are expected to present higher benefits over on-premise solutions. Public sector and utilities is expected to continue the dominance with a significant growth over the analysis period of 2015 to 2022.

The market has been analyzed on the basis of various regions. U.S. IAM market size is predicted to generate the majority of the global revenue in the next few years. Wide implementation of cloud by SMEs and advancement in enterprise IT infrastructure is expected to drive the Asia-Pacific IAM market to exhibit the fastest growth.

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Identity and access management market share is occupied by companies including Net IQ, CA Technologies, OneLogin, Amazon Web Services, Centrify, Oracle, EMC Corporation ForgeRock Inc, IBM, Dell Software, HP, and HID Global Corporation. The report covers the analysis of key market players to emphasize the potential opportunities and essential strengths in the market, and the key market strategies implemented by industry players.

The report features:

  • Drivers, restraints, challenges, opportunities, future growth potential shaping the IAM Market
  • Key developments and latest events in the industry
  • Competitive Analysis of business strategies of the key participants
  • IAM market estimates and forecasts (2015 to 2022)

Author NameDhananjay Punekar

Growing demand for internet enabled devices is estimated to fuel router and switch market demand

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Global Market Insights Inc. announces a new study based report on router and switch market. The market size is estimated to be worth USD 41.02 billion by 2022. The report is a professional and detailed qualitative market research on the current scenario of the key regional markets. It also features a comprehensive discussion about the market trends, aspects like drivers, restraints, opportunities, challenges that impact SP switching and routing device market. The boom in adoption to cloud computing solutions is likely to propel the Router and switch segment.

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The report covers the SP switching and routing device basics including its applications, definitions,  manufacturing methods, classifications, cost structures, and product specifications, etc. Furthermore, it offers analysis of the market conditions in the top global regions including the market growth rate, product price, profit, etc.

Router And Switch Market Size

Key products include multiservice edge, Internet exchange, ATM switch and Ethernet service edge etc. Internet exchange router is likely to show a substantial growth and surpass USD 16 billion during the projected period. Service provider core router is expected to witness growth at a CAGR of over 2.5% in next few years owing to multiple system offerings including less power consumption, high efficiency, optimized rack space usage for improved bandwidth capacity etc. Ethernet service edge router market is forecast to hit USD 12.63 billion from 2015 to 2022. BYOD market growth is likely to impel demand with its numerous advantages including better productivity and reduced costs. BRAS (Broadband Access Aggregation) is likely to see a substantial growth owing to high demand for high speed services.

Mobile data traffic explosion is expected over the projected time frame attributed to rising smartphone usage, proliferation of wireless devices, 3G/4G and LTE networks globally.

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North America router and switch industry is expected to be worth USD 15.5 billion at a growing CAGR of 2% during the forecast timeframe. The surge is attributed to noticeable growth in backhaul investments in the region. Asia Pacific, China in particular is projected to witness a substantial growth due to increasing demand for high-definition content and multi-screen delivery.

Key market participants are profiled in the report with comprehensive analysis of business strategies, products and services, current trends and finance metrics. Cisco Systems, Juniper Networks, Alcatel-Lucent, ZTE Corporation and Huawei Technologies are some of the major players in the router and switch market.

Author NameDhananjay Punekar