Tire Materials Market set to Grow At 4% CAGR by 2028 | FMI Report

Future Market Insights recently published a report titled “Tire Materials Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” that offers decisive insights pertaining to the global tire materials market and provides extensive information through organized market research. According to the report, the global tire materials market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period.

Silica to Witness an Upsurge in Demand with Increasing Production of Green Tires

Synthetic rubber and fillers used in automotive tires have significantly changed over the past decade. Attributing to the rising environmental concerns, many regions have formed regulations that mandate tire labeling. The implementation of labeling initiatives and growing environmental concerns have led to an increase in the production of high-performance tires or green tires. Regulatory bodies have also laid incentives for manufacturers and consumers with a preference for performance tires.

Due to the adoption of green technology, silica is extensively being used as a filler material as an effective replacement for carbon black in the recent years. The adoption of silica in the production of green tires has reduced CO2 emissions almost by 7% and increased fuel efficiency. Thus, increasing focus towards the reduction of carbon footprint and greenhouse gas effects is driving the demand for silica in tire production.

Increasing Automotive Production and Ever-rising Size of Vehicle Fleet to Boost the Tire Materials Market

Tires are a vital part of the automotive industry and thus, the production and sales of vehicles directly affect the dynamics within the tire industry. Increasing automotive production in emerging economies has been driving the demand for tires from OEM manufacturers, which has led to an increase in tire production activities. Growing tire production is driving the demand for tire materials. In a vehicle, a tire is one such part that must be replaced frequently, after every 2-3 years.

A tire experiences maximum wear and tear. Further, it is estimated that in FY2017, the global vehicle parc was about 1.3 Billion. Thus, it can be easily concluded that the growing vehicle parc and production will augment the market of automotive tires. Expansion of the tire industry is expected to fuel the demand for tire materials while the growing fleet size will add to tire replacement activities and indirectly influence the demand for tire materials.

Increasing middle-class population, coupled with rising urbanization in developing countries, is expected to increase the number of vehicle owners as many people will be able to afford vehicles. Apart from this, the increasing youth population has also led to an increase in the sales of automotive, which is a positive sign for the tire materials market.

Also, changing lifestyle and increased standard of living have increased the adoption of high-performance tires as well as branded tires, which is expected to positively impact the tire materials market. The increasing number of vehicle owners will push the growth of both OEM as well as aftermarket segments and thus, the growing demand for tires is expected to boost the tire materials market in the coming period.

East Asia will Become a Prominent Regional Market for Tire Materials

The global tire industry has been witnessing a shift in tire manufacturing activity, with East Asia and South Asia accounting for more than 50% of tire manufacturing facilities. Easily available raw materials, economic & political stability, and availability of skilled & cheap labor have attracted key tire manufacturers to invest in East Asia and South Asia.

China and Japan are prominent tire manufacturing countries wherein China is estimated to be the leading tire producer and the presence of companies such as Bridgestone Corporation and Yokohama Rubber Company makes Japan a promising tire manufacturing country, owing to which East Asia is estimated to be the prominent market for tire materials.

North America and Europe tire industries are estimated witness a slowdown in the coming years, due to the increasing competition from Chinese tire manufacturers and their low-ranged products.  However, North America and Europe are anticipated to be potential markets for tire materials, owing to the predominance of key tire manufacturers in the region.

Solvay SA, Lanxess AG, Exxon Mobil Corporation, JSR Corporation, Cabot Corporation, Birla Carbon, and Evonik Industries AG are among the key players identified in the tire materials market.

Press Release Source: https://www.globenewswire.com/news-release/2019/03/26/1768320/0/en/Tire-Materials-Market-will-reach-at-a-CAGR-of-4-0-from-2018-to-2028-Future-Market-Insights.html

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

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Future Market Insights

Gastroesophageal Reflux Disease (GERD) Devices Market set to Grow At 4% CAGR by 2028|FMI Report

Exceeding the revenue of US$ 1 billion in 2018, the global sales of gastroesophageal disease devices will witness a steady over 4% CAGR during 2018-2028. As indicated in a new intelligence outlook of Future Market Insights (FMI), esphagoscopes and gastroscopes will continue to account for most of the sales. Adoption of gastroesophageal reflux disease devices will remain maximum for diagnostic procedures, followed by fundoplication procedures.

More Patients Continue to Prefer GERD Devices over Lifestyle Modifications & PPIs

Besides the rapid expansion of geriatric population and elevating prevalence rate of obesity-driven gastroesophageal reflux diseases, FMI in a new study states that the frequent intake of asthma medications is also a strong impact factor associated with the growth of gastroesophageal reflux disease devices market.

Although industry experts recommend lifestyle modifications as the most suitable remedy for gastroesophageal diseases, the growing demand for surgeries for obesity will continue to drive sales of gastroesophageal disease devices in coming years.

Although industry experts recommend lifestyle modifications as the most suitable remedy for gastroesophageal diseases, the growing demand for surgeries for obesity will continue to drive sales of gastroesophageal disease devices in coming years.

The second line of treatment for gastroesophageal reflux disease includes proton pump inhibitors (PPI) therapy, which can reduce the usage of gastroesophageal reflux disease devices. Proton pump inhibitors are the drugs that regulate acid production within stomach, and thereby restrict gastroesophageal reflux.

However, the proven side effects and functional failure of proton pump inhibitors in the long run will continue to benefit the demand for surgical treatment of gastroesophageal reflux disease, favoring the overall sales of gastroesophageal reflux disease devices such as PH monitoring system and manometry system.

Diagnostic Centers & Private Clinics to Employ More GERD Devices

While a majority of adoption of gastroesophageal reflux disease devices prevails in hospitals, the constantly increasing number of establishments in the ambulatory surgical center and diagnostic center segments is likely to translate into a higher rate of adoption of gastroesophageal reflux disease devices within the latter two.

With the number of diagnostic centers and private practice clinics on the constant rise, it is more likely that the demand for gastroesophageal reflux disease devices will observe steady growth over the years to come. Towards the end of forecast period, global market value share of clinics and diagnostic centers will be more than 35%, as suggested by FMI’s analysis of the gastroesophageal reflux disease devices market.

Key GERD Device Manufacturers Eyeing New Product Launches

The report tracks some of the key companies operating in the Gastroesophageal Reflux Disease Devices market, such as Olympus Corporation, Pentax Medical, Medtronic Plc., Diversatek Inc. The report also tracks the key manufacturers operating in gastroesophageal reflux disease treatment devices, such as EndoGastric Solutions, Medigus Ltd., Torax Medical, Inc. and Mederi RF, Inc.

A majority of key manufacturers of gastroesophageal reflux disease devices are emphasizing new product launches. Innovation of new and advanced products is in turn shaping the growth of gastroesophageal reflux disease devices market.

According to the report findings,

• Olympus Corporation and Pentax Medical hold the maximum company share in the gastroesophageal reflux disease devices market.
• Olympus Corporation recently launched an advanced version of esophagoscope and gastroscope.
• Plc. and Diversatek, Inc. are the key players of diagnostic devices for gastroesophageal reflux disease, contributing a significant share in overall gastroesophageal reflux disease devices market.
• EsophyX Z is the new and advanced version of EsophyX gastroesophageal reflux disease device, used for the transoral incisionless fundoplication process.

Press Release Source: https://www.globenewswire.com/news-release/2019/03/26/1767755/0/en/Gastroesophageal-Reflux-Disease-GERD-Devices-Market-to-Grow-at-4-CAGR-During-2018-to-2028-Future-Market-Insights.html

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

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Future Market Insights

Medical Grade Coatings Market 2019 Will Register a CAGR of ~6.4% by 2027 with DowDupont Inc., Royal DSM, Surmodics Inc.

The medical grade coatings market banks on the massive shift toward operational efficiency in case of medical equipment with enhanced maneuverability. Sales of medical grade coatings are poised to surpass 303 KT in 2019, as per the latest research study published by FMI. The FMI study projects a steady growth of medical grade coatings market, influenced by rising demand for value addition to the existing medical devices.   

According to the FMI study, medical grade coatings have become indispensable on the back of their ability to enhance functionality of the new-age medical devices and equipment. Rising clamor for upgrading crucial properties of medical devices, such as lubricity and antimicrobial action, is a key sales influencer of medical grade coatings.

“A cohort of favorable studies envisage that modern-age medical devices would be incompetent in reaching their desired potential without effective coating solutions. Medical applications seek for devices complying with a set of rigid conditions revolving around functionality and safety, making medical grade coatings highly essential in the medical devices and equipment space”, finds FMI study

According to the report, silicone continues to be highly-favored as a primary material choice for many medical equipment coating applications, with global sales likely to grow steadily in 2019. Silicone offers extended coating mileage and enhanced surfaced modification in the new-age medical devices, which is responsible for enhancing its visibility among other material types.

Antimicrobial medical grade coatings continue to witness significant demand for diverse end-use applications, with global sales poised to cross 60 KT in 2019. Apart from being acknowledged for offering optimal protection, these coatings are also gaining momentum by virtue of their role in reduction of odors, stains, and accidental degradation of medical devices.

Persistent Clamor for Biodegradability Pushes Demand for Medical Grade Coatings

Burgeoning need for enhanced maneuverability of medical equipment remains an overarching trend favoring the manufacturers of medical grade coatings. Widely-acknowledged for their operational benefits, medical grade coatings are becoming integral in upgrading functionalities of the medical devices.

The medical devices and equipment landscape remains one of the rapidly evolving areas in terms of adoption of multiple innovative materials, such as plastics. However, biocompatibility prevails as a key area seeking substantial attention in parallel with rising safety considerations. Medical grade coatings, offering unparalleled biocompatibility, are being actively embraced by manufacturers of medical equipment to upgrade for developing complaint products with reinforced properties. For example, angioplasty procedures and stent implantations trigger body responses resulting in restenosis in arteries. In a bid to overcome this, use of drug eluting coatings for coating metal stents has significantly taken off to facilitate controlled release of drugs inhibiting restenosis.

Medical grade coatings market players remain focused on incorporation of new technologies to take the coating performance a notch higher, irrespective of the target application. Amelioration of adhesion properties of coatings remains a primary area of consideration for the manufacturers, since multiple types of medical grade coatings demonstrate incompatibility with specific material types. Manufacturers are restoring to efficient technologies, such as plasma-enhanced chemical vapor deposition (PECVD), to high quality coatings with superior adhesion for a diverse range of requirements.

Introduction of high-performance fluoropolymer coatings remains a prominent breakthrough in the medical grade coatings space. With the increasing end-user proclivity for customized specialty coatings including fluoropolymer as an ‘active’ ingredient, these coatings are mainstreaming in case of medical devices to offer the desired combination of quality and functionality. However, the FMI report states that it would be interesting to see how manufacturers catch up with this trend and how it gets commercialized in the market.

The FMI report also sheds light on increasing number of collaborations between medical device manufacturers with several medical grade coating providers, resulting in co-created products via combined expertise. For instance, Royal DSM entered into a strategic partnership with Vention Medical, Inc. in 2017 for product amelioration with advanced coating formulations. Moreover, the companies are also invested in new product launches for expansion of their global presence and solidifying their market sustenance.

Press Release Source: https://www.globenewswire.com/news-release/2019/02/07/1712178/0/en/Medical-Grade-Coatings-Market-to-Reach-US-8-5-Bn-by-the-End-2027-Future-Market-Insights.html

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Future Market Insights

Powdered Soft Drinks Market to Soar at CAGR 2.9% 2018-2027 | FMI Report

Over 3 thousand billion tons of powdered soft drinks were consumed in 2018, equaling a market value of US$ 10.6 billion. FMI’s new study reveals that consumption of powdered soft drinks is projected to grow at a subdued 2.3% y-o-y in 2019. Key factors identified in the FMI study can have a prominent influence on the overall growth of the powdered soft drinks market.

• Waning popularity of powdered soft drinks on the back of increasing demand for RTD beverages
• Overall soft drink consumption is hit by growing natural label demand and increasing health consciousness
• Continued popularity of powdered beverages in generation X and millennials supports the dwindling sales of powdered soft drinks

“Soft drinks consumption continued to dwindle in the past half a decade with evolving consumer demand trends such as nourishment, low or no-sugar, natural, clean label and sustainability. Despite their unique space in the beverage industry, popularity of powdered soft drinks declined in parallel to the meteoric rise in innovations and new flavors of other types of soft drinks. Traditional popularity combined with steady flavor innovations are likely to sustain powdered soft drinks sales with a projected 2.8% annual growth in revenues in 2019,” says FMI.

Orange Flavored Powdered Soft Drinks Top Selling

Orange remains the most popular flavor among a plethora of fruit flavors offered by beverage manufacturers. The FMI study finds that consumption of orange flavored powdered soft drinks is expected to surpass 1065 billion tons in 2019 and account for over 31% of all the powdered soft drinks market consumption.

Despite the introduction of multiple variants to stand-out in the market competition, orange followed by apple continues to capture consumer traction owing to their traditional popularity among consumers. Apple is the second most highly liked flavor in beverages and held nearly 20% of all the powdered soft drinks consumption in 2018.

With the evolving palate of consumers for different flavors, FMI study finds that collectively apple, mango and berry will grow at over 3% y-o-y in 2019 and account for over one-third share of total consumption.

Sales in Household Application Highest

The study reveals that powdered soft drinks’ huge demand continued in the household application in the past decade. In 2019, sales in the household application will account for over 85% of all powdered soft drinks sales globally. Powdered beverages witnessed significant penetration in household application due to affordability combined with taste.

While the sales in household application continue to grow steadily, FMI shows that purchase of powdered soft drinks among institutional buyers will witness a steady rise with a 3.4% annual growth projected in 2019.

Distribution through Mass Grocery Retailers Significant

Over 38% of all the powdered soft drinks sold in 2018 were through mass grocery retailers. Owing to the affordable prices provided by these retailers, mass grocery retailers remain the prime choice of consumers for grocery purchase. Similar trend follows in powdered soft drinks market wherein consumer purchase of powdered beverages through mass grocery retailers continue to rise.

According to the study, distribution of powdered soft drinks through hypermarket/supermarket and discount stores remains second highest wherein collectively they accounted for 45% of the total powdered soft drinks consumption in 2018.

Pouches and Sachets of Powdered Soft Drinks Highly Preferred Packaging Solutions

FMI thoroughly studied consumer preference for different packaging solutions of powdered soft drinks available in the market. The study shows that pouches and sachets are highly preferred packaging solutions for powdered soft drinks among consumers. Over 86% of the powdered soft drinks sold were packaged in pouches and sachets in 2018. While the status-quo is expected to continue in the future, the FMI study finds that consumption of powdered soft drinks in bulk packaging is expected to at 3.8% annual rate in 2019.

Europe Leads Consumption, APEC Consumers Grow Rapidly

As per FMI regional valuation, Europe accounted for nearly one fourth of the powdered soft drinks consumer in 2018. North America is the second largest consumer of powdered soft drinks. While the status-quo is expected to continue in 2019, the study reveals that APEC will outsell these prominent consumers beyond 2019. Developing economies in APEC and MEA are likely to witness increasing consumption of powdered soft drinks with the expanding middle class that prefers affordable products in their purchase.

Press Release Source: https://www.globenewswire.com/news-release/2019/02/06/1711430/0/en/Powdered-Soft-Drinks-Market-Expected-to-Behold-a-CAGR-of-2-9-through-2018-2027.html

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Future Market Insights

Underground Mining Equipment Market is expected to progress at healthy CAGR of 2.4% between 2019 and 2029

Future Market Insights (FMI), in its new study, evaluates the ongoing developments in the underground mining equipment market and projects their impact on the growth of the market between 2019 and 2029. The study projects that the sales of underground mining equipment of worth ~US$ 14 Bn were recorded in 2018. However, the market value is likely to grow at a passive CAGR of 2.4% through 2029.

Rising adoption of automatic underground mining equipment among manufacturers to sync with the ongoing trends in the ever-evolving mining industry is set to incur tech-driven transformations in this landscape, opines the study. In addition, stringent emission regulations regarding controlled diesel emission and personnel safety in the mining industry are likely to stimulate innovations that can enable dealing with the relentless pricing pressure more efficiently, and mitigate the environmental impacts of new-age underground mining equipment.

Advanced techniques of mining and their impacts on various socio-economic factors have been a prolonged concern worldwide. The shift of a majority of miners from surface or open pit mining to underground mining has further amplified concerns vis-à-vis human safety and the environmental impacts.

Technology is emerging as the most efficient tool for introducing enhanced features in underground mining equipment, and FMI's study examines the influence of advancements in technologies and other microeconomic factors on the growth of the underground mining equipment landscape.

Mineworkers' Staunch Inclination towards Hard Rock Mining Equipment

FMI's study finds that every 7 out of 10 underground mining equipment sold in 2018 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO₂), and Sulphur dioxide (SO₂) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

Visibly Growing Preference for 'Rental' over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

FMI's study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector. The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

Press Release Source: https://www.prnewswire.com/news-releases/underground-mining-equipment-market-is-estimated-to-grow-at-a-cagr-of-2-4-during-the-forecast-period-of-2019-to-2029--future-market-insights-300903390.html

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Future Market Insights

Waste-derived Pyrolysis Oil Market is expected to progress at healthy CAGR of 4.5% between 2019 and 2029

Steered by heightening demand for fossil fuel alternatives, waste-derived pyrolysis oil market will exhibit a steady CAGR of 4.5% over the forecast period (2019-2029). The market is set to witness approximately 1.6X value expansion between 2019 and 2029. Climate change will continue to propel the market growth, projects the new FMI study.

"Waste-derived pyrolysis oil market is still in its nascent stage. However, it is gaining notable momentum on the back of challenges imposed by aggravating climatic conditions. Moreover, fluctuating prices of conventional fossil fuels are compelling manufacturers to develop better alternatives," concludes the FMI report.

Key Takeaways of Waste-derived Pyrolysis Oil Market Study

• Biomass-derived pyrolysis oil continues to capture the leading share in overall market stack.
• Pyrolysis oil extracted from rubber will gain impetus through the forecast period.
• Fast pyrolysis process will sustain its prominence through 2029 as a preferred method by manufacturers.
• Refined grade continues to be in prodigious demand as opposed to its unrefined counterpart.
• Europe and East Asia collectively represent the epicenter of global market growth.

Waste-derived Pyrolysis Oil Market - Top Growth Drivers

• Escalating efforts to curb carbon emissions is the growth engine of waste-derived pyrolysis oil market.
• Oil & gas industry is at the forefront, generating substantial demand for waste-derived pyrolysis oil.
• Owing to strong government incentives and presence of established manufacturers, waste-derived pyrolysis oil market is burgeoning in North America.
• Use of waste-derived pyrolysis oil as jet engine fuel and aviation biofuel for motors and generators offers a new growth horizon in aviation industry.

Waste-derived Pyrolysis Oil Market - Key Restraints

• Relatively high price point and limited reusability is stagnating the demand for plastic-derived pyrolysis oil.
• Achieving sustained competitive advantage is a strenuous endeavor for market leaders due to fairly consolidated competitive landscape.

Competitive Landscape

The competitive landscape of global waste-derived pyrolysis oil market is moderately consolidated in nature. Leading manufacturers profiled in this report include, but are not limited to, Ensyn, Dow Inc., Honeywell UOP, BASF SE, ConocoPhillips, Enerkem, and Agilyx, Inc. Prominent players possess the resources to conduct extensive R&D activities and broaden their production capacity. Moreover, they continue to opt for inorganic growth strategies such as joint ventures and collaborations along with organic growth strategies such as product development. The upcoming decade will witness the rise of new players in global waste-derived pyrolysis oil market amidst fluctuating oil prices and establishment of inexpensive pyrolysis units.

Press Release Source: https://www.accesswire.com/577152/Sales-of-Waste-derived-Pyrolysis-Oil-to-Soar-Steadily-Through-2029-Biomass-derived-Variant-Highly-Preferred-Reports-Future-Market-Insights

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Future Market Insights 

Commercial RAC PD Compressor Market to Collect ~US$ 4.5 Bn in 2019 | FMI Report

A new market research report by Future Market Insights on the commercial RAC PD compressor market includes the global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the commercial RAC PD compressor market and provides key insights over the forecast period of 2019-2029. A rise in food & beverage production, coupled with the growth of cold chain capacities to ensure efficient storage of food, is anticipated to support the demand for commercial RAC PD compressor, worldwide, over the forecast period.

The global commercial RAC PD compressor market is estimated to reach ~US$ 4.5 Bn in 2019, and increasing at a CAGR of ~4% over the forecast period of 2019-2029. This growth is majorly driven by the replacement of old commercial RAC PD compressor and innovation in compressor technology.

As several government policies continue to support the production and usage of environment-friendly refrigerants, commercial RAC PD compressor manufacturers are leveraging energy technologies to offer cost-efficient products with lower carbon footprint, reports the FMI study.

East Asia Commercial RAC PD Compressor Market Attractiveness Rising

Regions such as East Asia, North America and South Asia, are projected to capture substantial market shares in terms of value. However, the East Asia commercial RAC PD compressor market is estimated to project lucrative growth during the forecast period of 2019-2029. This growth is driven by the rapid increase in cold storage food trucks in countries such as China, South Korea, and Japan.

Moreover, significant change in living standards and improving macro-economic scenario have led to a substantial surge in the number of organized retail stores, worldwide. The prompt growth of the organized retail sector considered by the rise in number of hypermarkets, supermarkets etc., is anticipated to drive the growth of the overall food chain, that in turn, is expected to boost the sales of commercial RAC PD compressor for refrigerated display cases and other refrigeration equipment. The commercial RAC PD compressor market is likely to grow at a significant rate during the forecast period, supported by the increase in number of retail stores across the globe. 

Supermarkets and Convenience Stores to Remain Key End Use Sectors of Commercial RAC PD Compressor

The global market of commercial RAC PD compressor has been segmented on the basis of different types of Commercial RAC PD Compressor, their multiple applications, and regions such as Latin America, North America, Europe, East Asia, South Asia, Oceania and MEA.

By refrigeration, the commercial RAC PD compressor market has been categorized into R134A, R290, R410A, R744, R404A, R407C, and others. Among these, the R410A segment is expected to grow at a high pace, owing to its various advantages such as stretched cooling capacity, better efficiency, and size reduction of the compressor

By product type, the commercial RAC PD compressor market is segmented into reciprocating and scroll compressor. The reciprocating compressor accounts for nearly 64% value wise share, on account of its wide application in various commercial refrigeration equipment in the global commercial RAC PD compressor market.

Commercial RAC PD Compressor Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global Commercial RAC PD Compressor market such as are The Danfoss Group, Huayi Compressor Co., Ltd, Midea Group, Emerson Electric Co., Nidec Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, United Technologies, Corporation, GEA Group AG, MAYEKAWA MFG. CO., LTD.

The global Commercial RAC PD Compressor market is significantly consolidated with some players holding prominent shares of the market. Tier-1 manufacturers’ account for ~15%-20% of the global market with revenue from the Commercial RAC PD Compressor market of ~US$ 800Mn. Tier-1 manufacturers includes are The Danfoss Group, Huayi Compressor Company Ltd. and United Technologies Corporation.

Press Release Source: https://www.globenewswire.com/news-release/2019/09/12/1914681/0/en/Commercial-RAC-PD-Compressor-Market-is-expected-to-grow-at-a-CAGR-of-4-during-the-forecast-period-of-2019-to-2029-Future-Market-Insights.html

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Future Market Insights

Malt Ingredients Market 2019 Will Register a CAGR of ~5% by 2029 with Anheuser-Busch Inc., Arizona Beverage Company LLC

According to a new study by FMI, sales of malt ingredients is expected to record a value of ~US$ 21 Bn in 2019, driven by increasing demand from food and beverage, pharmaceuticals, and personal care industries. In the food industry, it is used in many products such as bakery products, confectioneries, dairy & frozen food, and pet food, while in beverages, malt ingredients are used in brewing & distilling of non-alcoholic beverages and other healthy drinks.

Growing trend of adopting natural ingredients in food and beverage industry is directly impacting the demand for malt ingredients. They are associated with number of properties such as, rich in natural sugar constituents, a good source of fibre, low in fat, complex carbohydrate, more vitamins and protein, making them an ideal food and beverage ingredient.

On the account of multiple beneficial properties, the demand for malt ingredients is also rising in pharmaceutical industry, for use in medicines and nutraceuticals. A recently published report reveals that the global malt ingredients market is projected to reflect a CAGR of ~5% over the forecast period of 2019-2029.

Gains Underpinned by Increasing Popularity of Malternatives

Malternatives are gaining significant traction as a substitute of beer, which contain malt alcohol in low proportion mixed with other types of alcohol. Wide acceptance of malternatives among the young and urban consumers is likely to complement the growth of the malt ingredients market. Hard lemonade, malt-based coolers, and a new breed of spirits are growing at a rapid rate, potentially raising the demand for malt ingredients.

• Bacardi silver is positioned as the only malternative with the flavor of rum and the product was launched with a full scale TV, radio, and print media campaigns.
• Key producers of malternatives include Anheuser-Busch Inc., Arizona Beverage Company LLC, Brown-Forman Corporation, Bacardi U.S.A. Inc., Molson Coors Brewing Company, and Cruzan Rum Distillery.

Factors Fueling the Malt Ingredients Market Growth

Non-alcoholic brews and malt bases of soft drinks are gaining popularity in Central Europe and the Middle East. Malt based beverages are alcohol-free and hence, are exactly lined up with halal regulations. This, in turn, is creating relatively high demand for malt ingredients, especially in Islamic and GCC countries, thereby contributing to the market growth.

Although the demand for malt ingredient-based products continue to move on an upward spiral, fewer number of market players are unable to meet the growing demand in the current scenario. This, in turn, is likely to generate opportunity for new players to enter into the market and serve large segment of the consumers.

Malt is produced from the barley grains in a process called malting, and is used in the production of beer. Malt ingredients work as a source of starch, contributing to beer's organoleptic and color characteristics. These ingredients also play an important role in preserving the oxidative stability of beer as the natural source of antioxidants. Growing awareness of these beneficial effects among consumers is likely to fuel the growth of the malt ingredients market.

During the process of malting and brewing of grains for the production of malt ingredients, the leftover by-products are utilized to feed animals. As it consists carbohydrate (Cellulose and hemicellulose) and protein even after the removal of sugar during brewing process. The utilization of by-product in animal feed industry is likely to work to the advantage of the malt ingredients market players.

This study by FMI offers insights into the malt ingredients market for the forecast period of 2019-2029. The malt ingredients market is projected to record a CAGR of ~5% during the predefined timeframe.

Press Release Source: https://www.globenewswire.com/news-release/2019/10/10/1928107/0/en/Malt-Ingredients-Market-is-expected-to-grow-at-a-CAGR-of-5-during-the-forecast-period-of-2019-to-2029-Future-Market-Insights.html

More from FMI’s Food & Beverages Market Intelligence:

·         Food Dehydrators Market

·         Meat Alternatives Market

·         Processed Beef Market

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Car Rental Market to Witness High Demand with Growth Rate of 7% by 2029

With having published myriads of reports for global clients, Future Market Insights exhibits its expertise in the market research field. Our dedicated crew of professionals ride the wave of advanced technologies, such as artificial intelligence, and big data analytics, to project the adoption pattern and consumption trends regarding the market. A three-step quality check process - data collection, triangulation, and validation – is paramount while assuring the authenticity of the information captured.

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The latest business intelligence study by FMI suggests that the global market size of Car Rental reached US$ xx Mn/Bn in 2018 (Base Year) and is anticipated to register US$ xx Mn/Bn by the end of 2029 with a CAGR of xx% from 2019 to 2029 (Forecast period). The research study focuses on the drivers, restraints, opportunities and trends impacting the Car Rental Market.

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All the relevant vendors running in the Car Rental Market are examined based on market share and product footprint. Key players include, Enterprise Holdings, The Hertz Corporation, Avis Budget Group, and Europcar Group. The data associated with each market player includes:

• Company Profile
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• SWOT Analysis
• Sales, Revenue, Price and Gross Margin

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Car Type -wise Segmentation Assessment:

• Economy Cars
• Compact Cars
• Intermediate Cars
• Premium Cars
• Luxury Cars
• Others

End use-wise Segmentation Assessment:

• Intercity
• Intracity
• On-Airport
• Others

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Customer Type -wise Segmentation Assessment:

• Business
• Leisure

Booking Mode-wise Segmentation Assessment:

• Offline Access
• Mobile Applications
• Other Internet Access
• Leisure

Sector-wise Segmentation Assessment:

• Organized
• Unorganized

Regional Analysis

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania

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The Car Rental Market research also takes into account the important countries that hold significant share in the respective regions, such as North America, South America, Europe, East Asia, South Asia, Oceania, among others.

What does the Car Rental Market research holds for the readers?

• Market segmentation assessment, including qualitative and quantitative research depicting the impact of economic and non-economic factors.
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• One to one company profile of prominent stakeholders.
• Critical study of each Car Rental manufacturer, such as market share, regional footprint, and product innovations.

The Car Rental Market research clears away the following queries:

1. Why region holds the largest share in the Car Rental Market over the forecast period?
2. Why are stakeholders shifting away from conventional methods for manufacturing Car Rental?
3. In which year, the global Car Rental Market has the lowest Y-o-Y growth rate?
4. At what rate has the global Car Rental Market been growing throughout the historic period 2014-2018?
5. By end use segment, which segment currently leads the global Car Rental Market?

Table of Content -      

1. Car Rental Market
2. Research Methodology
3. Assumptions and Acronyms Used
4. Car Rental Market Analysis, 2019-2029

4.1. Y-o-Y Growth Projections

4.2. Market Size and Forecast, By Value

4.3. Total Market Opportunity Analysis

4.4. Car Rental Market Share, By Value

4.4.1. Market Share, By Car Type

4.4.2. Market Share, By End use

4.4.3. Market Share, By Customer Type

4.4.4. Market Share, By Booking Mode

5. Car Rental Market, By Car Type

5.1. Introduction

5.1.1. Y-o-Y Growth Comparison, By Customer Type

5.1.2. Market Share and Basis Point Share (BPS) Analysis, By Customer Type

And many more…