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New Study Reveals Key Insights on Global Offshore Wind Energy Infrastructure Market; Forecast 2017-2027
Offshore Wind Energy Infrastructure Market: Definition and Introduction
With high urbanization rate, rising population, and increasing infrastructure development, the demand for power is also increasing across the globe. The diminishing non-renewable energy resources, coupled with the necessity for sustainability, has created the need of the hour to look for renewable energy resources in order to catch up with the global demand. Solar energy has already started spreading its arena as a likely alternative to conventional energy resources, however, its true potential is yet to be realized at the ground level. At the same time, research has been pacing up to develop new sustainable energy resources, and offshore wind energy is one of them.
Due to their challenging locations, the plants or farms for offshore wind energy are required to be relatively strong when compared to the onshore wind farms. Geographical location and water depth – shallow or deep water – plays a crucial role for the offshore wind energy Infrastructure development. The construction of shallow depth wind energy Infrastructure requires less efforts as compare to the deep water Infrastructure. The primary advantages associated with the offshore wind energy infrastructure are the reduction in project capital, along with the zero fuel cost which is natural wind. In offshore wind energy farms, four types of foundation are utilized which include, monopole, jacket, tripod, and floating foundations. Owing to increasing research and development about the unconventional energy resources, huge potential for harnessing the offshore wind energy is expected to contribute to the development of new plants, in turn creating significant opportunities for project developers and components suppliers in the global market.
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Offshore Wind Energy Infrastructure Market: Dynamics
Exponential growth has been witnessed in the renewable energy consumption in across various parts of the world. Various start-ups and technology based companies, often through the support of non-governmental organizations, have also been involved in utilizing renewable energy at small scale for applications, including, home appliances, small electrical equipment, etc. To keep up with the same trend at the large scale, significant growth is expected to result in the offshore wind energy infrastructure development over the forecast period.
The environmental regulatory pressure for reducing the emission of harmful substances from fossil fuel based energy resources is further expected to push the stake holders, either government or private entities, to opt for offshore wind energy sources, in their respective regions.
Offshore Wind Energy Infrastructure Market: Segmentation
Global offshore wind energy infrastructure market can be segmented on the basis of foundation type, location, and region as the mentioned below.
On the foundation basis, global offshore wind energy infrastructure market can be segmented as the below:
Monopole
Tripod
Jacket
Floating foundation
On the basis of location, global offshore wind energy infrastructure market can be segmented as the below:
Shallow water
Deep water
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Offshore Wind Energy Infrastructure Market: Regional Outlook
Steady growth has been witnessed in the global offshore wind energy infrastructure market, with significant growth coming from the European market in the past. European region houses some of the largest offshore wind energy plants, with U.K. standing at the pole position for the same. U.K., with huge potential, has immensely developed its offshore wind energy infrastructure. Germany, and Denmark, are the other key traditional markets for offshore wind energy. On lines of the European success stories, the development of offshore wind energy infrastructure is expected to gain traction in other parts of world, including East Asia, North America, and other parts of the world over the coming years.
Offshore Wind Energy Infrastructure Market: Participants
Some of the players identified across the value chain of the offshore wind energy infrastructure market are as the below:
ENERCON GmbH
Suzlon Group
GE Wind Energy
Siemens Wind Power
Vestas Wind Systems
China Ming Yang Wind Power
Xinjiang Gold wind Science & Technologies Co. Ltd
DONG Energy Wind Power A/S
Nordex S.E
Upwind Solutions Inc., etc.
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Global Geothermal Power Infrastructure and Components Market to Incur Steady Growth During 2017-2027
Geothermal Power Infrastructure and Components Market: Definition and Introduction
Increasing population, urbanization and transformation of human-life with the technology has intensified the energy requirement worldwide. The increasing demand for power, coupled with depleting conventional energy sources and rising environmental concerns is substantiating the growth of alternate energy sources, and geothermal energy is one of them. Geothermal energy is the heat generated and stored from within the earth, and has significant environmental advantages. The location of geothermal power plant is determined by the availability of natural resources, feasible for harnessing geothermal power. The geothermal energy plants are located on plane boundaries, where layer of earth continuously interact with the hot mantle below. Geothermal energy is commonly utilized as a heat source to warm residential buildings across various parts of the world. The key equipment/ components of a geothermal power plant includes, steam production equipment, cyclone separator, exhaust silencer, flasher and heat recovery exchanger, among others. For reducing downtime and improve efficiency, advanced welding methods and specialized coatings are used on geothermal equipment, which also lead to their increased life. Owing to increasing research and development about the unconventional energy resources, and huge potential for geothermal energy extraction is expected to contribute to the development of new plants, in turn creating significant opportunities for equipment and components suppliers in the global market.
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Geothermal Power Infrastructure and Components Market: Dynamics
On account of increased traction for the development of alternate energy infrastructure, new plants for geothermal energy are expected to go on-stream over the coming years, with increased demand for the components and equipment also generating from the already installed plants. The market for geothermal power infrastructure equipment and components, however, is expected to witness steady growth over forecast period. The government as well as industrial support for the development of geothermal plants is further expected to push their development at feasible locations.
Geothermal Power Infrastructure and Components Market: Segmentation
Global geothermal power infrastructure and components market can be segmented on the basis of type, key equipment/ components, application/ end user, and regions.
On the basis of type, global geothermal power infrastructure and components market can be segmented as mentioned below:
Dry steam
Flash steam
Binary cycle
On the basis of application / end user, global geothermal power infrastructure and components market can be segmented as the below:
Power generation
Space heating
Aquaculture, Horticulture, and Others
On the basis of key components/ equipment, global geothermal power infrastructure and components market can be segmented as the below:
Steam production equipment
Cyclone separator
Exhaust silencer
Flasher
Heat recovery exchanger
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Geothermal Power Infrastructure and Components Market: Regional Outlook
Among key regions, North America is expected to be a key market over the forecast period, with U.S. leading the growth potential for geothermal energy generation. In the Asia pacific, Indonesia and Philippines are also observed to have significant market opportunities on account of the growth of geothermal energy generation over the past years, with Australia and New Zealand facilitating the regional market growth. Led by Italy, Germany, Iceland, and France, the Europe market is also expected to witness growth, however, the moderate pace. The Latin America market is also expected to witness substantial growth opportunities, owing to the available resources across the region. The political stability and socio-economic reforms, coupled with increased demand for energy, are further expected to push the growth for geothermal plant development, in turn creating demand for the necessary machine parts, equipment, and components in the region.
Geothermal Power Infrastructure and Components Market: Participants
Some of the key participants identified across the value chain of global geothermal power infrastructure and components market are mentioned below:
JFE ENGINEERING Corporation
Turboden
US Geothermal
General Electric
Mitsubishi Heavy Industries
Ansaldo Energia
Terra-Gen
Mitsubishi Heavy Industries
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Industrial Safety Gloves Market Will hit at a CAGR of 4.6% from 2017-2026
According to Future Market Insights, the global industrial safety gloves market will reflect a moderate CAGR through the forecast period, 2017 to 2026. Worldwide sales of industrial safety gloves are estimated to account for over US$ 9,500 Mn revenues by 2026-end.
Disposable Gloves being Relatively More Favored in End-use Industries
Industrial safety gloves are increasingly being employed in various industrial settings for guaranteeing the employee safety in the work environment. Growing awareness among consumers regarding health and hygiene, mounting number of accidents at workplaces, and the need for safety against hazardous chemicals and equipment handling has fuelled adoption of industrial safety gloves. Disposable gloves are being relatively more favored in end-use industries. Comparatively lower cost than re-usable gloves is a major factor driving demand for disposable gloves. Industries are obligated for ensuring their workers’ safety from occupational operational hazards. Various standards and laws have been enlisted by the Occupational Safety and Health Administration (OSHA), which are required to be complied with by the industrial sectors. This further creates demand for various industrial safety gloves such as neoprene gloves or nitrile gloves.
Robots have been increasingly replacing manpower in manufacturing as well as various other industrial sectors. There has been robust and huge negative effects of implementing robots on wages and employment across economies influenced by automation. Proliferated adoption of automation in various industrial settings are likely to reduce human efforts, as they enable increased accuracy and higher operational efficiency. This will subsequently limit demand for personal protective equipment such as industrial safety gloves to certain specific operations. One of the recent trends being observed in the global industrial safety gloves market is utilization of recyclable & green materials.
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Sales of Industrial Safety Gloves in Europe will Register Highest CAGR through 2026
North America dominated the global industrial safety gloves market in 2017. However, the market in Europe is projected to outpace that in North America, to become the most remunerative market for industrial safety gloves by 2026-end. Sales of industrial safety gloves in Europe will register the highest CAGR through 2026, followed by those in Asia-Pacific excluding Japan (APEJ). Revenues from industrial safety gloves’ sales in APEJ will exceed US$ 2,000 Mn by 2026-end.
On the basis of product type, chemical protective gloves are expected to remain the leading revenue contributor to the market, followed by leather gloves. Rubber insulating gloves are also anticipated account for a major portion of the market’s revenue share by 2026-end. Sales of metal mash and fabric gloves will exhibit the fastest expansion in the market through 2026. In addition, sales of rubber insulating gloves and synthetic gloves are projected to register a parallel expansion through 2026.
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Manufacturing Sector to Remain Dominant End-user in the Market
Based on end-user, manufacturing sector will remain dominant in the market, in terms of revenues, although witnessing a relatively slower expansion through 2026. Revenues from sales of industrial safety gloves in transportation and mining will register a parallel increase through 2026, In addition, Pharmaceuticals and food industries are anticipated to remain the fastest expanding end-users of industrial safety gloves, exhibiting a similar CAGR through 2026.
Vendors in the global industrial safety gloves market are now finding options for reducing amount of scrap, and decreasing their reliance on the petrochemical resources. In addition, these vendors are focusing on using materials with minimum carbon footprint for production of industrial safety gloves. Key market participants sustaining growth of the market, as identified by the report, include 3M Co., E I Du Pont De Nemours and Co., Honeywell International Inc., Lakeland Industries Inc., Alpha Pro Tech Ltd., Ansell Limited, Uvex Safety Group, Grainger, Inc., Bullard, and Kimberly-Clark.
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Lactic Acid Esters Market Estimated to Expand at a Double-Digit CAGR through 2027
analytical research report published by Future Market Insights covers various aspects of the global market for lactic acid esters. The report reveals analysis on end use industries using lactic acid esters for various applications. It lays emphasis on opportunities for growth in the lactic acid esters market along with key factors pushing the growth of the global market. The various facets of the global market across important geographies are monitored. The report covers the impact of factors that change from region to region thus changing the scenario of the lactic acid esters market in that particular region. This gives a brief idea about the market potential for lactic acid esters in various regions that the reader can use to plan future expansion. The comprehensive research study portrays a realistic picture of the global lactic acid esters market by including a weighted market segmentation along with forecast projections from 2017 till 2027, a period of 10 years.
Global Lactic Acid Esters Market: Competitive Assessment
The research report on global lactic acid esters market covers analysis on various key players operating in the market. The list includes major companies such as Stepan Company, Merck KGaA, Galactic, Corbion N.V, GODAVARI BIOREFINERIES LTD., Cellulac, Henan Jindan Lactic Acid Technology Co., Ltd., Musashino Chemical Laboratory, Ltd., Zhengzhou Tianrun Lactic Acid Co., Ltd., Shenzhen Esun Industrial Co., Ltd., QINGDAO ABEL TECHNOLOGY CO.,LTD., Yancheng Huade Biological Engineering Co.,Ltd., and Vetrtec Biosolvents Inc.
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Global Lactic Acid Esters Market: Forecast Analysis
According to this research report, the global lactic acid esters market is expected to reach an estimate of around US$ 410 Mn by the end of the year of forecast, 2027, from a valuation of about US$ 209 Mn in 2017. The global market for lactic acid esters is projected to grow at a value CAGR of 6.9% during the period of assessment.
Global Lactic Acid Esters Market: Segmental Snapshot
The global lactic acid esters market is segmented on the basis of product type, application and region.
With respect to product type, ethyl acetate is expected to show high adoption across industries in the coming years. The ethyl acetate segment is projected to be the largest with a market share in excess of 65% during the forecast period, consequently leading the global market.
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By application, the electronics and food and beverage segments are expected to largely contribute to the revenue growth of the global market for lactic acid esters in the coming years. Of these, the electronics segment is poised to show a much higher market value.
By region, North America is the largest reflecting a high market attractiveness. However, the lactic acid esters market in Asia Pacific excluding Japan (APEJ) region is expected to grow at a higher rate during the forecast period.
Global Lactic Acid Esters Market: Dynamics Influencing Growth
Higher inclination towards use of green solvents in various industries, growing electronics sector across the globe, market consolidation and expansion, favourable government policies, rising food and beverage sector, availability of technologically advanced infrastructure, increasing focus on value added products coupled with favourable FDI policies, availability of natural feedstock and growth in personal care sector are expected to contribute to the growth of the global lactic acid esters market.
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Automotive Timing Chain & Belt Market will Register a CAGR of 4.2% through 2027
The global automotive timing chain and belt market was pegged at 114,517 ‘000 units in 2017 and is expected to reach 166,277 ‘000 units by the end of 2027. The market is projected to increase at a volume CAGR of 3.8%. According to a new report by Future Market Insights titled “Automotive Timing Chain & Belt Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” global sales of automotive timing chains and belts was valued at US$ 6,754.7 Mn in 2017 and is projected to increase at a CAGR of 4.2% over the forecast period to be valued at US$ 10,209.9 Mn by 2027. This growth is primarily driven by an increase in vehicle production across key geographies.
Global Automotive Timing Chain & Belt Market: Dynamics
Urban logistic control increases the demand for automotive belts and chains
Growing lifespan of used automobiles to boost the automotive aftermarket sales of automotive timing systems
Shift of component manufacturers’ focus towards existing opportunities in Eastern Europe is driving expansion of the local production base
Research, development and innovation of automotive time/chain components is a key growth driver
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Global Automotive Timing Chain & Belt Market: Forecast by Product Type
On the basis of product type, the global automotive timing chain and belt market is segmented into chain, roller chain, non-roller chain, belt, dry belt, and belt in oil. Belt, followed by the chain segment, remains lucrative and will dominate market demand over the forecast period, primarily due to the fact that these products offer longer life and efficient operations in real-time working conditions in all vehicle types.
Global Automotive Timing Chain & Belt Market: Forecast by Vehicle Type
On the basis of vehicle type, the global automotive timing chain and belt market is segmented into passenger car, LCV, HCV, and off highway vehicle. The passenger car segment is anticipated to emerge as an opportunistic segment due to the growing consumer preference for advanced and more efficient timing chains and belts.
Global Automotive Timing Chain & Belt Market: Forecast by Engine Type
On the basis of engine type, the global automotive timing chain and belt market is segmented into gasoline and diesel. By engine type, in terms of volume, gasoline engine is expected to remain the most attractive segment in the global automotive timing chain and belt market over the forecast period, growing at a volume CAGR of 3.7%.
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Global Automotive Timing Chain & Belt Market: Forecast by Sales Channel
On the basis of sales channel, the global automotive timing chain and belt market is segmented into OEM and aftermarket. The OEM segment is anticipated to gain prominent market share during the forecast period as OEM sales are directly proportional to the production rate of vehicles globally. Moreover, the increasing production of vehicles in the emerging economies in Latin America and MEA is likely to propel the demand for automotive timing chains and belts.
Global Automotive Timing Chain & Belt Market: Forecast by Region
APEJ is a prominent regional market and is anticipated to dominate the global demand for automotive timing chains and belts, followed by Western Europe. Noteworthy increase in sales in markets such as China, India, Mexico and Turkey among others is expected during the forecast period.
Global Automotive Timing Chain & Belt Market: Key Players
Some of the key players operating in the global market for automotive timing chains and belts include Tsubakimato Chain Co., BG Automotive, Continental AG, BorgWarner Inc., Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd., L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd., SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd., Rockman Industries Ltd., Sumax Industry Limited, CIC USA Corp, KCM Automobile Transmission Co. Ltd., and Mahle GmbH.
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Roofing Materials Market to Witness Increase in Revenues by 2017-2027
Roofing Materials Market: Introduction
A roof is one of the essential part of any constructional structure. The major requirement in any roofing system is durability, strength and aesthetic appeal as well. Furthermore, selection of roofing material is highly correlated with the geographic location which decides the type of material to be used. For instance, Shingles are primarily used in the U.S. owing to the climatic conditions whereas they are less seen in Asia Pacific region. Furthermore, aesthetic design is also one of the key factor for selection of a roofing material. Nowadays, apart from durability as strength, demand for roofing materials which are energy efficient is also increasing. Evolving research activities in roofing and technological development is one of the key factor which is anticipated to boost the demand. Currently, the construction industry is witnessing decent growth with resurge in residential construction activities indorsing relatively higher growth across the globe. Furthermore, increasing re-roofing activities, especially in matured economies is also one of the key factor which would impact the demand of roofing materials over the forecast period. Overall, the global roofing market is anticipated to grow at significant pace over the forecast period owing to growth in constructional activities, especially residential construction.
Roofing Materials Market: Dynamics
A wide range of Roofing materials are available to the customer through which the customer can easily choose the material according to the requirement. Growing constructional activities across the globe is one of the key driving factor for the roofing materials market. Especially in emerging markets, increasing urbanization rate is also expected to positively impact the roofing materials market over the forecast period. From the recent past, it has been observed that residential activities are on the surge which would further boost the demand. Furthermore, increasing re-roofing activities has led to increase in demand for roofing materials which are durable as well as aesthetically appealing. Therefore, resurging re-roofing activities is anticipated to boost the demand for roofing materials over the forecast period.
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Roofing materials are highly cost sensitive. For instance, asphalt shingles are derived from petroleum due to which variation in price of roofing material also takes place which is one of the key factor that might impede the growth of roofing materials market over the forecast period. Bitumen as a roofing material has been restricted in some areas in U.S. owing to non-conformance to environmental standards.
Growing inclination towards the roofing materials which are energy efficient and increasing demand for roofing solutions based on reflective metal is also increasing which is one of the ongoing key trend in the roofing materials market across the globe.
Roofing Materials Market: Segmentation
The global roofing materials market can be segmented on the basis of materials type, application and installation. On the basis of material type, the roofing materials market can be segmented as asphalt shingles, tile roofing, metal roofing, plastic roofing, bitumen and others. On the basis of application, the roofing materials market can be segmented as residential and commercial. On the basis of installation, the roofing materials market can be segmented as new installation and retrofitting.
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Roofing Materials Market: Regional Outlook
Asia Pacific is anticipated to emerge as the largest market in the global roofing materials market. Increasing constructional activities across the region is anticipated to boost the demand over the forecast period. Especially, significant growth in construction activities in the region is further expected to spur the demand. North America is also expected to witness high growth owing to increasing demand for various other roofing materials apart from asphalt shingles. Europe is also expected to witness healthy growth owing to rise in retrofitting activities in the region. Latin America and Middle East & Africa is estimated to witness steady growth over the forecast period.
Roofing Materials Market: Market Participants
Examples of some of the market participants in the global Roofing Materials market are-
GAF Materials Corporation
CERTAINTEED
IcoPal ApS
Braas Monier Building Group
Owens Corning Corp.
Atlas Roofing Corporation
Etex
TAMKO Building Products, Inc.
Fletcher Building Limited
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Lactic Acid Esters Market will reach at a CAGR of 6.9% from 2017-2027
analytical research report published by Future Market Insights covers various aspects of the global market for lactic acid esters. The report reveals analysis on end use industries using lactic acid esters for various applications. It lays emphasis on opportunities for growth in the lactic acid esters market along with key factors pushing the growth of the global market. The various facets of the global market across important geographies are monitored. The report covers the impact of factors that change from region to region thus changing the scenario of the lactic acid esters market in that particular region. This gives a brief idea about the market potential for lactic acid esters in various regions that the reader can use to plan future expansion. The comprehensive research study portrays a realistic picture of the global lactic acid esters market by including a weighted market segmentation along with forecast projections from 2017 till 2027, a period of 10 years.
Global Lactic Acid Esters Market: Competitive Assessment
The research report on global lactic acid esters market covers analysis on various key players operating in the market. The list includes major companies such as Stepan Company, Merck KGaA, Galactic, Corbion N.V, GODAVARI BIOREFINERIES LTD., Cellulac, Henan Jindan Lactic Acid Technology Co., Ltd., Musashino Chemical Laboratory, Ltd., Zhengzhou Tianrun Lactic Acid Co., Ltd., Shenzhen Esun Industrial Co., Ltd., QINGDAO ABEL TECHNOLOGY CO.,LTD., Yancheng Huade Biological Engineering Co.,Ltd., and Vetrtec Biosolvents Inc.
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Global Lactic Acid Esters Market: Forecast Analysis
According to this research report, the global lactic acid esters market is expected to reach an estimate of around US$ 410 Mn by the end of the year of forecast, 2027, from a valuation of about US$ 209 Mn in 2017. The global market for lactic acid esters is projected to grow at a value CAGR of 6.9% during the period of assessment.
Global Lactic Acid Esters Market: Segmental Snapshot
The global lactic acid esters market is segmented on the basis of product type, application and region.
With respect to product type, ethyl acetate is expected to show high adoption across industries in the coming years. The ethyl acetate segment is projected to be the largest with a market share in excess of 65% during the forecast period, consequently leading the global market.
By application, the electronics and food and beverage segments are expected to largely contribute to the revenue growth of the global market for lactic acid esters in the coming years. Of these, the electronics segment is poised to show a much higher market value.
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By region, North America is the largest reflecting a high market attractiveness. However, the lactic acid esters market in Asia Pacific excluding Japan (APEJ) region is expected to grow at a higher rate during the forecast period.
Global Lactic Acid Esters Market: Dynamics Influencing Growth
Higher inclination towards use of green solvents in various industries, growing electronics sector across the globe, market consolidation and expansion, favourable government policies, rising food and beverage sector, availability of technologically advanced infrastructure, increasing focus on value added products coupled with favourable FDI policies, availability of natural feedstock and growth in personal care sector are expected to contribute to the growth of the global lactic acid esters market.
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Fluoropolymers Market will reach at a CAGR of 5.1% from 2017-2027
Future Market Insights delivers key insights on the global fluoropolymers market in its latest report titled ‘Fluoropolymers Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027).’ The long-term outlook on the global fluoropolymers market remains positive, with market value expected to increase at a CAGR of 5.1% during the forecast period (2017 – 2027). The industrial & equipment segment is expected to remain a key end-use segment, accounting for over one-fourth of the total shares in the global market throughout the forecast period. Global sales of fluoropolymers is estimated to be valued at over US$ 8 Bn by the end of 2017. APEJ is estimated to account for a major value share in the global fluoropolymers market by 2017 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the drivers and restraints likely to impact the market during the forecast period.
Factors Impacting Market Revenue Growth
The global fluoropolymers market is greatly influenced by the building and construction, industrial & equipment and electrical & electronics sector. Industrial & equipment is a large end-use segment for fluoropolymers, accounting for a significant market share in terms of volume as well as value. The utilisation of fluoropolymers in solar PV module is anticipated to facilitate the growth of the segment over the forecast period. Moreover, significant growth in the electrical & electronics industry is expected to influence the fluoropolymers market positively, creating strong revenue opportunities for fluoropolymers in developed as well as developing countries. Establishing long-term supply contracts with direct end users can provide stability as well as growth opportunities for manufacturers in revenue generation.
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The global fluoropolymers market is expected to face some challenges in the coming years. High product pricing and relatively more complex manufacturing processes are some of the factors that may adversely impact the growth of the fluoropolymers market during the forecast period.
Segmentation Analysis
The fluoropolymers market is segmented on the basis of product type, end use, and application. On the basis of product type, the market is segmented into PTFE, FEP, PFA, PVF, PVDF, ETFE, and others. On the basis of end use, the fluoropolymers market is segmented into Automotive and Aerospace, Industrial Processing, Healthcare, Electrical and Electronics, Construction, and Others. On the basis of application, the global market is segmented into Coatings and Liners, Additives, Films, Mechanical Parts and Components, and Others.
The PTFE product type segment is projected to hold a value share in excess of 45% throughout the forecast period
In terms of value & volume, the coating & liners application segment is expected to capture significant market share over the forecast period. The films application segment is expected to grow 1.7x in terms of value between 2017 and 2027
The industrial processing end use segment is anticipated to grab a market value share in excess of 25% throughout the forecast period
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Regional Market Projections
North America and APEJ regions collectively are estimated to account for more than 60% share in the overall global fluoropolymers market by the end of 2017. APEJ is the largest regional market for fluoropolymers, projected to hold a value share in excess of 45% by the end of the forecast period in 2027. Consumption of fluoropolymers in the APEJ region is expected to grow 1.7x between 2017 and 2027. The North America fluoropolymers market is expected to create incremental $ opportunity of US$ 2,677.2 Mn between 2017 and 2027. This growth can be attributed to a high demand from the chemical and automotive industry.
Vendor Insights
The report highlights some of the key companies operating in the global fluoropolymers market such as The Chemours Company, Arkema Group, Solvay sa., DAIKIN INDUSTRIES Ltd., Asahi Glass Co., Ltd., 3M Company, Saint Gobain S.A., Polyflon Technology Ltd., Dongyue Group Ltd, Honeywell International Inc. Key market players are focussing on developing novel products and production technologies and decreasing the overall processing costs.
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Perfume Ingredient Chemicals Market Will hit at a CAGR of 5.5% from 2017-2027
Global revenue from the sales of perfume ingredient chemicals was valued at US$ 5,254.1 Mn in 2017 and is projected to reach a market value of US$ 8,967.3 Mn by 2027 end, increasing at a CAGR of 5.5% during the forecast period i.e. between 2017 and 2027. According to a new publication by Future Market Insights titled “Perfume Ingredient Chemicals Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” most of the companies manufacturing perfume ingredient chemicals focus on manufacturing fragrances and materials with synthetic chemicals. The expert analysts of Future Market Insights have observed that the personal care and cosmetics industry will witness major opportunities for growth and is all set to help market players increase their market share and business revenue.
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Global Perfume Ingredient Chemicals Market: Restraints
High cost of raw materials and lack of low tier manufacturing
Low awareness of greener products and low production growth
High cost of extracting raw ingredients and expensive research & development programmes
Raw material price fluctuations and high cost of petroleum based fuels
Growing concerns regarding the harmful effects of using aggressive ingredients
Global Perfume Ingredient Chemicals Market: Forecast by Application
On the basis of application, the global perfume ingredient chemicals market is segmented into fine fragrance, home care, laundry care, personal care, cosmetics, and others. The fine fragrance segment accounted for a significant market value share of 22.3% in 2017, followed by the personal care segment. The personal care segment is expected to remain dominant till 2027. This segment is also expected to remain the most lucrative during the forecast period.
Global Perfume Ingredient Chemicals Market: Forecast by Product Type
Product type segmentation comprises synthetic aroma chemicals and essential oils. Synthetic aroma chemicals segment is further segmented into alcohols, esters, ethers, ketone, and others. Essential oils segment is sub-segmented into orange, citronella, peppermint, eucalyptus and others. Synthetic aroma chemicals segment is anticipated to witness the highest value CAGR of 5.7% in the global perfume ingredient chemicals market. Cost factor is expected to move market players to adopt synthetic products; further, a global trend towards green products is expected to create lucrative opportunities for manufacturers of essential oils owing to a growing consumer preference for herbal products.
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Global Perfume Ingredient Chemicals Market: Forecast by Region
Asia Pacific is estimated to be the most lucrative regional market in terms of revenue generation in the global perfume ingredient chemicals market, valued at US$ 1,198.0 Mn in 2017 and is expected to expand at a CAGR of 6.2% over the forecast period. Within the Asia Pacific, China & India are expected to remain in a dominant position for perfume ingredient chemicals demand. In terms of growth, following the Asia Pacific are several European countries such as Italy, France, and U.K. A noteworthy increase in sales in other developing markets such as Brazil, Russia, Turkey, GCC countries and South Africa is anticipated over the forecast period.
Global Perfume Ingredient Chemicals Market: Key Players
Sensient Technologies Corporation, BASF SE, Eternis Fine Chemicals, YingYang (China) Aroma Chemical Group, KDAC CHEM Pvt. Ltd., Frutarom Harmony Organics Pvt. Ltd., Atul Ltd, GODAVARI BIOREFINERIES LTD, Givuadan Firmenich, International Flavors and Fragrances Inc., Symrise, Takasago International Corporation, MANA SE, Robertet SA, T. Hasegawa USA, Huabao International Holdings Limited, Zhejiang, Xinhua Chemical Co., Ltd, Henkel AG & Co KGaA ADR, and Charkit Chemical Company LLC are some of the leading companies operating in the global market that have been profiled in this report.
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Monoisopropanolamine Market Value Projected to Expand by 2017-2027
Monoisopropanolamine (MIPA) belongs to alkanoamines group and is categorized as aminoalcohol. MIPA is a colorless liquid with ammonia like odor. MIPA has low molecular weight than other isopropanolamines including diisopropanolamine (DIPA) and triisopropanolamine (TIPA) among others. 1- Amino – 2 – propanol is the chemical name for MIPA.
Dispersion agent is the foremost application for MIPA and this trend is anticipated to continue during the forecast period. MIPA is used as a dispersion agent in production of pigments including titanium dioxide. MIPA is used in the production of adhesives and for alkalinity contribution in production of several chemicals and industrial products. MIPA is also used for cross linking in coatings including waterborne coatings. Manufacturing of polyurethanes is among major application segment for MIPA. Niche applications for MIPA include gas conditioning as an agent to remove acidic gases, lubricants, corrosion protection and paint removers among others. Major end user industries for MIPA include agriculture, paints, coatings, automotive, chemical production among others. Paints & coatings dominate the global demand for MIPA and this trend is expected to continue for the next six years. MIPA is used in the production of herbicides which is among the fastest growing application segment for MIPA.
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Titanium dioxide production is among major application segment for MIPA. Increasing demand for MIPA has been among major factor driving demand for MIPA and this trend is anticipated to continue during the forecast period. High growth in automotive industry also has been driving demand for MIPA. Increase in demand for paints & coatings for several end user industries including automotives, construction and machinery among others. Therefore increase in demand for paints & coatings also have been among foremost factors driving demand for MIPA. The environmental and health hazards associated with the production of MIPA have led to surge in number of regulations to control the production of MIPA that have been a major factor restraining growth of the global MIPA market. Increase in research and development activities to increase the application scope of MIPA is anticipated to offer huge growth opportunity in the market.
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North America dominated the global MIPA market in 2013, moreover demand for MIPA in North America is anticipated to grow at a sluggish rate owing to increase the regulations to control the hazards associated with production of MIPA. Asia Pacific was the second largest market for MIPA in 2013 and is anticipated to be the fastest growing region for a foreseeable future. Increasing industrial investment and high GDP growth in the emerging economies of India and China is among foremost factors driving demand for MIPA in Asia Pacific. Moreover, high GDP growth in India and China has led to growth in several end user industries including agriculture, paints & coatings, etc. Demand for MIPA in Europe is anticipated to grow at a sluggish rate till the end of 2020. Moreover reviving automotive industry in Europe is expected to be among major growth drivers for MIPA in Europe.
MIPA market is consolidated and few global players dominate the global MIPA market and constitute major portion of the global market share. Players compete on their pricing strategy as there is low scope of product differentiation in the market. The market is characterized by high degree of competition which is anticipated to remain the same over the forecast period. Some of the major players in the market include The Dow Chemical Company, E. I. du Pont de Nemours and Company and BASF SE among others.
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Methylamines Market Foraying into Emerging Economies 2017-2027
Methylamine is a colorless gas produced by reacting methanol with ammonia in presence of certain catalysts. Monomethylamine, dimethylamine and trimethylamine are amongst the major product types of methylamines. Major application segment for methylamines include agriculture, electronics, pharmaceuticals and resin among others. Agriculture is the largest application segment for methylamines in terms of market share and the trend is expected to continue during the forecast period.
Methylamines are employed in the production of several agricultural chemicals mainly pesticides. Growth in agricultural segment has been a major factor driving growth for methylamine market. Increasing demand for pharmaceutical products is also among the major driver for global methylamine demand. Methylamines are extremely flammable and hazardous to the environment which has been a major factor restraining market growth. Increasing research and development activities to increase the application scope of methylamine is expected to offer huge growth opportunity for the market.
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North America dominates the global methylamines market in terms of consumption. Demand for methylamine in North America and Europe is anticipated to grow at a sluggish rate mainly owing to the introduction and implementation of increasing regulations. Asia Pacific is the second largest market for methylamines and is anticipated to be the fastest growing region during the forecast period. Demand in Asia Pacific is driven by growing demand from the emerging economies of India and China. Pharmaceutical application segment is expected to drive demand for methylamines in Asia Pacific. Increasing demand from Latin America and Africa is expected to drive market growth in the RoW region.
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Some of the players in the methylamine market include Air Products and Chemicals Inc., Alkyl Amines Chemicals Ltd, Daicel Chemical Industries Ltd, Huntsman International LLC, Mitsubishi Gas Chemical Company Inc., E. I. Du Pont De Nemours and Company and Daicel Chemical Industries Ltd among others.
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Coalescing Agents Market Value Projected to Expand by 2017-2027
Coalescing Agents Market: Introduction
Coalescence is an integral part of the process of film formation in dispersion paints that includes and permits fusion, contact of the adjacent-located polymeric dispersion particles. Coalescing agents are generally used for optimizing the film formation mechanism of the polymeric binder particles. Coalescing agents generally decrease the formation temperature and as a result, optimize film consistency, appearance and properties. Furthermore, coalescing agents are used to reduce the polymer particle surface area and also reduce the repulsive forces between the polymer particles during the diluent evaporation process. Appropriate formation of film is an important part to imparting the corrosion resistance ability, low porosity and other numerous required attributes that are requisite in superior coatings. Previously, water-borne coatings have adopted numerous solvents as a coalescing aid to appropriately distribute the hydrophobic latex molecules. Eliminating these supports is somehow probable but often the outcomes in the formation of the final film formation is soft, so in order to attain the requisite performance harder latexes have been formulated. These need a coalescing agent to unstiffen the whole system to be adequate to create a constant film throughout the drying mechanism. In high-end applications where the process has been taken out in a HPHT (high pressure and high temperature environment) environment there is a need of high performance coatings that can withstand high temperatures for a long term. Coalescing agent enables better mechanical properties, corrosion resistance, film impermeability, film appearance and resistance against harmful chemicals, these properties help the adoption of coatings in numerous number of applications and end-user industries. Coalescing agent can be added during the letdown stage of coating formulation and generally used in water-borne coatings.
Coalescing Agents Market: Dynamics
The key factors driving the development of the global coalescing agents market are the expansion of end-use industries across the globe and the increase in demand for high performance coatings in these end-use industries. Also, strict government guidelines & regulations prohibiting the use of conventional solvents and additives that are toxic and non-environmental friendly in nature. Increasing awareness among the manufacturers for the usage of eco-friendly coalescing agents will further fuel the coalescing market. In order to provide enhanced properties to the coating formulation the manufacturers present in the value chain have increased the consumption of coalescing agents in their coating formulations. However, the cost of formulation of non-VOC content coalescing is relatively high, which dents the market growth in the future. Rising raw material prices for the formulation of coalescing agent acts as an adoption barrier. Furthermore, lack of attentiveness regarding the ill effects created by the coalescing agent may further restrain the market growth.
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One of the key trends observed in the global coalescing market is that the major manufacturers are focusing on increasing the efficacy & demanding properties such as better abrasion & heat resistance, zero-VOC content in their coalescing agent without increase in price in order to gain competitive advantage.
Coalescing Agents Market: Segmentation
On the basis of type, the coalescing agents market can be segmented as:
Hydrophobic coalescing agents
Hydrophilic coalescing agents
Water Soluble
Partially Water Soluble
On the basis of Application, the coalescing agents market can be segmented as:
Adhesives
Sealants
Paints
Inks
Coatings
Others(Cosmetic Ingredient, Metal Working Fluids)
On the basis of Application, the coalescing agents market can be segmented as:
Construction
Marine
Automotive
Personal care & pharmaceuticals
Others
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Coalescing Agents Market: Regional Outlook
The global coalescing agents is forecasted to dominate by Asia Pacific in terms of production and consumption. The region has witnessed an upsurge in the demand for coalescing agents owing to the rapid growth of new product development and capacity expansion. Likewise, intensification in end-use industries is also projected to have progressive impact on the Asia Pacific coalescing agents market. Developed regions such as NA and Europe are also expected to show substantial demand for low VOC coalescing agents due to the rigorous regulations barring the use of commercial coalescing agents. Other developing regions such as Latin America and the MEA have shown a reasonable demand for coalescing agents when compared to other regions. Japan is also likely to continue to be a beneficial region for the sale of coalescing agents.
Coalescing Agents Market: Key Participants
Examples of some of the market participants in the global coalescing agents market identified across the value chain include:
AkzoNobel N.V.
BASF SE
DuPont Performance chemicals
Chiping Huahao Chemical
Evonik Industries AG
Henkel
Dow Chemical Company
Stepan Company
Huntsman Corporation
Eastman Chemical Company
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Driveline Control Systems and Devices Market Expansion to be Persistent During 2017-2027
Driveline Control Systems and Devices Market: Overview
Technological advancements, modern automatics, high demand for smooth gear shifts and superior fuel efficiency vehicles are triggering the wave of the global driveline control system and devices market throughout the forecast period. Driveline control system primarily depends on rotational velocities and torques of transmission units as uniform torque distribution provides yaw stability to the vehicle and provides better vehicle performance. Therefore, traction and stability of a vehicle can be controlled by driveline system and braking torque. Four wheel drive manufacturers are implementing cutting-edge technologies, such as the transfer case, fluid coupling and Limited Slip Differential (LSD), for improving the traction and enhancing the handling performance by monitoring distribution of the driving torque. The primary components of a driveline system are engine, clutch, transmission, propeller shaft, final drive and wheels. Electronic devices, such as inductive sensor, are used for detecting the angular velocity of rotating wheels or transmission parts. The manufacturers are also utilizing driveline modelling technique for measuring the engine speed, transmission speed and wheel speed. For driveline modelling, lower gear is the prime focus as it transmits higher torque to the drive-in as well the amplitude of the resonance in the wheel speed is high for lower gears. The manufacturers are also poised towards pneumatic clutch actuator in automated manual transmissions while servo system for hydraulic clutch for easy operation of the clutch, provides lighter paddle force in comparison to cable clutch. Furthermore, the manufacturers are also providing Electronic Limited Slip Differential technology for filling the gap between four wheel drive and two wheel drive and delivering maximum tractive effort, higher torque capacity, better stability while cornering, and also to provide better controllability over the vehicle.
Driveline Control Systems and Devices Market: Dynamics
Demand for lightweight transmission system developed in governing automotive electronics, ease of gear shifting on congested roads, reduced clutch wear, extended component life are the factors driving the global driveline control system and devices market. Additionally, emerging state of the art technologies such as cruise control system, new driveline management applications and high powered engines may surge the future of this market. Moreover, increasing focus toward reduced pedal force, attenuated drive train noise and increased reliability are some of the factors driving the global driveline control system and device market during the forecast period.
High initial cost, regular maintenance, quick response as compared to manual transmissions and stretched time to change the gears are the factors that may hinder the market during the forecast period.
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The governments all over the world have taken initiatives to reduce the emission of carbon mono oxide and nitrogen oxide, for instance, the Chinese government is spending a huge sum in R&D in order to improve the air quality by cutting edge vehicle technology, which is promoting new energy-efficient vehicles, such as hybrid vehicles, under stringent regulations and standards.
Driveline Control Systems and Devices Market: Segmentation
The global driveline control system and devices market can be segmented on the basis of vehicle types:
Passenger Car (PC)
Heavy commercial vehicle (HCV)
Off-road vehicle
Conventional PC
Electric PC
others
Conventional HCV
Electrical HCV
Others
Conventional off-road vehicle
Electrical off-road vehicle
others
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Driveline Control Systems and Devices Market: Regional Outlook
It is expected that North America will grow with a healthy CAGR owing to aggressive promotion of energy-efficient vehicles by major players. The market in Asia Pacific is also expected to flourish during the forecast period, particularly in the Japan and China, owing to push by the respective governments to place more emphasis on electric vehicles. The Europe is also posed for a healthy growth, increasing preference towards electric vehicle to consumers. Latin America and MEA are growing at a stagnant pace owing to availability of low-cost fuels such as flex fuel in Brazil and copiousness of petroleum in the Middle East.
Driveline Control Systems and Devices Market: Key Participants
Examples of some of the key participants in the global driveline control system and devices markets are:
BorgWarner Inc.
ZF Friedrichshafen AG
Schaeffler Group USA Inc.
Eaton Corporation
AISIN AW CO., LTD.
Voith GmbH
EXEDY Corporation
Magna International Inc.
Honda Transmission Manufacturing of America, Inc.
AVTEC LTD.
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Stabilizers Market to Witness Increase in Revenues by 2017-2027
Stabilizers are used in production of plastics to enhance its several properties including premature withering, improving shelf life and UV protection among several others. Stabilizers are employed in production of nearly all types of polymers and plastics including PVC (poly vinyl chloride). Stabilizer content in plastic typically varies from 0.1% to 3.0% depending on the end use and type of plastics. The desired characteristics of stabilizer include low volatility, no interference with other properties of the plastic. Generally more than one stabilizer is used in production of plastic, which work independently or together to improve overall characteristics of plastic.
Stabilizers market can be segregated into four segments on the basis of its application namely heat stabilizers, antioxidants, ultraviolet protection and others including antirads. Heat stabilizers typically include organo-metallic compounds and metal oxides among others. Stabilizers employed for U.V protection include materials with U.V absorption characteristics such as carbon black, a derivative of hydrocarbon sources such as coal oil, crude oil, acetylene gas, etc. Stabilizers used for antioxidant application include derivatives of amines and phenols among others.
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Calcium, zinc and lead are among dominant product segment for stabilizers. Calcium based stabilizers dominate the global demand for stabilizers and the trend is anticipated to continue during the forecast period. Cadmium based stabilizers dominated the global demand for stabilizers however owing to environmental concerns; cadmium was completely substituted with other materials such as lead. Moreover owing to environmental hazards associated with lead, demand for lead based stabilizers has been declining and there has been a surge in demand for bio based stabilizers.
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Increasing demand for plastics in several end user segments including packaging, automotives and construction among others has been a major factor driving demand for stabilizers. Moreover, high growth in automotive industry mainly driven by increasing demand for light weight vehicles is anticipated to drive demand for plastics used in manufacturing of automotives. High scratch resistance and U.V absorption characteristics required in automotives plastics is expected to drive demand for stabilizers. Moreover, several environmental hazards associated with stabilizers such as lead is a major factor restraining demand for stabilizers. Increasing research and development activities to produce eco-friendly, bio based stabilizers is anticipated to offer huge growth opportunity in the market.
Asia Pacific dominates the global stabilizer market and the trend is expected to continue during the forecast period. Demand for plastics is profoundly dependent on overall economic growth of a region. Asia Pacific comprises two of the largest and fastest emerging economies across the globe, i.e., India and China. Moreover, huge population and increasing disposable income in Asia Pacific has led to growth in several end user industries including packaging, automotives and construction among others. Europe is the second largest consumer for stabilizers followed by North America. Demand for stabilizer in Europe and North America is expected to exhibit a sluggish growth rate during the forecast period primarily owing to market saturation in several end user industries. Increasing number of environmental regulations in Europe and North America is expected to drive demand for bio based stabilizers in the regions. Emerging economies in South America and Africa are anticipated to offer huge growth opportunity for stabilizer market.
Major players in the stabilizer market include Eastman Chemical Products Inc., BASF Wyandotte Corp., Chemipro Kasei Kaisha LTD and American Cyanamid Co. among others
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Titanium Market to Witness Increase in Revenues by 2017-2027
Titanium is a high strength and durable chemical element employed in various industries including aerospace, automobiles, construction and chemical processing among others. Consumer applications such as sports equipments, architecture, and automotives dominate the global consumption of titanium. Aviation and defense applications are expected to be the fastest growing application segments during the next six years.
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High tensile strength and durability of titanium have been a major factor driving the market growth mainly in the aviation and defense segment. Growing defense budget of various nations is expected to be another key driver for market growth over the next few years. Titanium is a more effective substitute for carbon fibers on account of which titanium has higher acceptance in the market. Innovation and research & development are factors that are expected to increase the application scope of titanium, which in turn is expected to contribute towards market growth. However, higher cost has restrained the market growth mainly in consumer applications. Growing demand in the aircraft industry is expected to offer huge growth opportunity in the market.
North America dominates the global demand for titanium and the trend is expected to continue in the near future. North America and Europe are expected to grow at a sluggish rate mainly owing to market maturity. Demand for titanium for use in chemicals such as titanium dioxide is expected to drive the market in North America and Europe. Asia Pacific region is expected to be the fastest growing region for titanium mainly owing to the developing economies and increasing defense budgets of major economies in the region.
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Major players in the phosphate rock market include BHP Billiton Ltd, Kronos Worldwide, Huntsman Corporation, Osaka Titanium Technologies Co., Ltd, Allegheny Technologies Inc., Baoji Titanium Industry Co., Ltd and E.I. du Pont de Nemours & Company among others.
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Tempered Glass Market Estimated to Record Highest CAGR by 2017-2027
Tempered glass, also known as toughened glass, is a type of glass that is far more durable than any other kind of glass. The specifications of tempered glass allow it to crumble into smaller granular chunks instead of breaking into small pieces. This kind of glass is generally manufactured through chemical and thermal processes.
Owing to various properties of tempered glass, such as strength and safety, it is widely used in a variety of applications, such as shower doors, vehicle windows, refrigerator trays, mobile screen protectors and architectural glass doors and tables. Tempered glass is used in various end-use industries, including construction and automotive. Tempered glass is highly used in various passenger vehicles as they are subjected to constant cooling and heating as well as intense temperature changes throughout the year. Within the construction industry, tempered glass is used in both interior and exterior elements of various structures, such as skylights, large windows, elevators, sliding doors, windows, etc. which extend close to the floor level, as well as near swimming pools, doorways and stairways due to its high strength and ability to ensue safety.
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Global Tempered Glass Market: Dynamics
Drivers:
Increasing consumer expenditure on interior designing is anticipated to be a major factor driving the growth of tempered glass market over the forecast period. Moreover, growing construction and automotive industries in emerging economies will also add to the growth of the tempered glass market in near future. Furthermore, the upsurge in demand for tempered glass from end-use industries will also promote the growth of the market in near future. That apart, growing use of tempered glass in furniture is also expected to support the growth of the market over the forecast period. Similarly, increasing use of tempered glass or toughened glass as a mobile accessory is also expected to promote traction in the tempered glass market over the forecast period.
Restraints
Increased usage of laminated glass in the automotive and manufacturing industry due to its various beneficial features, such as anti-breakage and light weight properties, is anticipated to be a major factor hampering the growth of the tempered glass market over the forecast period. Moreover, stringent regulations covering building & construction and automotive industry are also expected to act as a restraining factor for the growth of the tempered glass market in near future. Furthermore, the complexity in the design of tempered glass is a restraint - once the glass gets toughened, it can be re-worked. This factor is also anticipated to hinder the growth of the market over the forecast period.
Global Tempered Glass Market: Segmentation
The global tempered glass market can be segmented on the basis of end user.
By end-user type, the tempered glass market can be segmented into:
Automotive
Construction
Others
Global Tempered Glass Market: Region-wise Outlook
Asia Pacific is anticipated to be closely followed by North America throughout the forecast period. Both of these markets are expected to witness massive growth in the tempered glass market due to the estimated growth in construction sector in emerging economics, such as China and India. Western Europe is estimated to grow at a substantial CAGR during the forecast period owing to high demand for tempered glass in the growing automotive and construction sector in the region. Latin America, in particular, is projected to support growth in the tempered glass market due to increasing usage of tempered glass in interior and exterior elements of different structures. Japan and Middle East and Africa are expected to support the growth of tempered glass market over the forecast period owing to growing construction activity in countries, such as UAE, Saudi Arabia etc.
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Global Tempered Glass Market: Key Participants
Some of the market participants identified across the value chain of the global tempered glass market include:
Guardian industries
Saint-Gobain SA
Asahi Glass Company (AGC)
AFG Industries
NSG Group
PPG Industries
Cardinal FG
Pilkington
AYG Coating Glass Co., Ltd.
Shanghai Northglass Technology & Industry Co., Ltd.
Tyneside Safety Glass
Fuyao Group
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Automotive Fifth Wheel Coupling Market Value Projected to Expand by 2017-2027
Automotive Fifth Wheel Coupling Market: Introduction
The main function of a fifth wheel coupling is providing a link between the towing truck and semi-trailer, leading tracker, dolly or tractor unit. Fifth wheel coupling configuration is used in many camping trailers, which necessitates the coupling to be mounted in the rear of a pick-up truck as a towing vehicle, thus fifth wheel is also represented as campers in the North America region. Fifth wheel coupling consist of a 3 ½ or 2 inch diameter (88.9 or 50.8 mm) vertical steel pin kingpin expanding from the lower part to the front of the trailer. The appearance of a fifth wheel coupling is like a horse-shoe shaped coupling and it is denoted as fifth wheel on the back of a trailer or towing vehicle.
The fifth wheel coupling allows the trailers to slip into the fifth wheel and remain locked into it. Fifth wheel coupling is one of the most reliable towing unit if they are serviced and maintained on time-to-time basis. The connection of the kingpin with the fifth wheel coupling is the only way for the interconnection between the trailer and the vehicle, there is no supplementary device or safety system used. Pintle hooks and couplers are equipped with safety chain so that the trailer remains connected to the fifth wheel while driving on the road. Additionally, Trailer to trailer inter-connection can also be made by using fifth wheels.
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Research and development on automotive fifth wheel coupling and the materials used for its manufacturing are progressing, with an aim to develop more sophisticated automotive fifth wheel coupling, which can be mounted with perfection on vehicles. Moreover, the advancement in material science and technology has enabled the manufacturers to use several metals and composites, with high tensile strength, which increases the operational life of the automotive fifth wheel coupling considerably. Furthermore, novel manufacturing processes, such as additive manufacturing, have enabled manufacturers to produce complex automotive fifth wheel coupling components easily within a shorter time. Also, the market for automotive fifth wheel coupling has witnessed growth as a result of the development and growth in the global automotive sector. The market comprises of rental companies that offer services to the vehicles in case of emergency situations.
Automotive Fifth Wheel Coupling Market dynamics:
Automotive fifth wheel coupling market has lot of scope in the research and development department and is coming with new ideas and innovation. The Automotive Fifth Wheel Coupling market has also been increased due to the development in the heavy transportation sector as the transportation of large quantity of goods from one place to a another place has increased exponentially in the recent times. The increasing standard of living and the comfort level has made the automotive fifth wheel coupling market in great demand and this market will grow even more rapidly in the future.
Automotive Fifth Wheel Coupling Market Segmentation:
By product type of user segments, automotive fifth wheel coupling market can be segmented as:
Compensating
Semi-oscillating
Fully oscillating fifth wheel
By operation, automotive fifth wheel coupling market can be segmented as:
Hydraulic
Pneumatic
By capacity in automobiles, Automotive Fifth Wheel Coupling market can be segmented as:
Below 6 tons
Between 6 to 20 tons
Between 21 - 44 tons
Above 45 Tons
By sales channel, automotive fifth wheel coupling market can be segmented as:
OEM (Original Equipment Manufacturer)
Aftermarket
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Automotive Fifth Wheel Coupling: Regional Outlook:
The market for automotive fifth wheel coupling market is expected to grow at a healthy CAGR during the forecast period. Europe and North America are projected to hold prominent shares in the automotive fifth wheel coupling market owing to the stronghold of large industrial and urban area in these regions. Additionally, boost in automotive and transportation sector in all developed regions has been demonstrating substantial growth in the recent years. Ongoing research, development and innovation for more highly efficient and promising automotive fifth wheel coupling is reflected to be the significant market drivers that will fuel the automotive fifth wheel coupling market growth in these region over the forecast period. Developing nations particularly India, Mexico, Turkey and China, is estimated to important roles in the growth of the automotive fifth wheel coupling market in the near future. Additionally, the consumers have developed a liking to recreational activities such as camping, touring & exploring, etc. thus the automotive fifth wheel coupling market will see rapid growth in all the developed and developing countries in the future.
Automotive Fifth Wheel Coupling: Key Players
PL Haulwel Trailers (ACCL)
JOST-Werke Deutschland GmbH
RSB Group
Fontaine Fifth Wheel
ATP Exodus (Distributor)
Hunger GmbH & Co Werk für Fahrzeugbau und Mobilhydraulik
SAF-HOLLAND S.A.
Tulga Fifth Wheel Co.
Autotech Performance
TITGEMEYER Group
SOHSHIN Co., Ltd.
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