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Global Fumed Silica Market to Witness Soaring Growth During  2018 - 2028

Global Fumed Silica Market: Introduction

Fumed Silica is an amorphous compound that is produced in the flame during the hydrolysis of silicon tetrachloride with water. Fumed silica is also known as pyrogenic silica with CAS number 112945-52-5. Fumed silica has a chemical formula Sio2. Fumed silica are extremely small particles with low bulk density and enormous surface area having an effective and strong thickening effect. Fumed silica is primarily used for two functions, i.e., reinforcing agent and rheology control to tailor the viscosity of a system. Fumes silica is used for various applications across diverse industries, such as adhesives & sealants, food & beverages, personal care and paints & coatings. Fumed silica serves as anticaking agent and thickening agent in food & beverages industry. It is used as filler and viscosity adjuster in pints & coatings, printing inks, adhesives, sealants, unsaturated polyester resins and many more. Fumed silica also finds its application in cosmetic industry due to its light-diffusing properties, further it is used as abrasive in various products such as toothpaste, etc.

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Global Fumed Silica Market: Market Dynamics

Fumed silica finds its application in diverse end use industries such as paints & coatings, automotive, adhesives & sealants, food industry and many more. Increasing demand from end use industry particularly from the pints and coating industry is expected to drive the growth of fumed silica market over the forecast period. Further, with the steadily increase in disposable income and consumer spending coupled with steady growth of industrial production (growth in automotive production, among others) and increasing construction and infrastructural spending fumed silica market is expected to witness robust growth in the coming years. Moreover, increasing adoption of fumed silica as reinforcement filler material in silicon elastomers, due to its features such as, enhancement of the mechanical properties such as, tensile strength, elongation, and tear resistance with a long-lasting effects also improving the chemical weather resistance and other beneficial electrical properties are expected to fuel the demand for fumed silica over the coming years.

As fumed silica is not a standalone product, it is a consumable product that finds application across various end-use industries, hence the fumed silica market is highly dependent of the growth and profitability of the end-use industries. The cyclical behavior various end use industries such as automotive industry, etc. could affect the growth and profitability of the fumed silica market, which in turn could become a major challenge for the market players operating the global fumed silica market.

Global Fumed Silica Market: Segmentation

The global Fumed Silica market on the basis of Grade can be segmented as:

Hydrophilic (Untreated) Fumed Silica

Hydrophobic (Treated) Fumed Silica

The global Fumed Silica market on the basis of end-use applications can be segmented as:

Adhesives & Sealants

Paints & Coatings

Food & Beverages

Personal Care

Pharmaceuticals

Greases & lubricants

Resigns

Global Fumed Silica Market: Regional Outlook

Europe dominates the fumed silica market in terms of production however, Asia pacific dominates the market in terms of consumption. Countries such as China, India, Japan, and South Korea among others depend imports from European market to meet the domestic fumed silica demand. Asia Pacific fumed silica market is expected to have robust growth over the over the forecast period, which in turn is expected to extensive growth opportunities for the market growth. Increasing Demand of paints and coatings in the North America, owing to the growing demand from construction, automotive and oil & gas industry is expected to be a key driving factor for the growth of the global fumed silica market. Latin America and MEA fumed silica market are expected to have steady growth owing to recovery in economic conditions.

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Global Fumed Silica Market: Key Players

Examples of some of the key players identified in the global Fumed Silica market are as follows:

Evonik Industries AG

DowDupont Inc.

Wacker Chemie AG

Cabot Corporation

Reade International Corp.

Tokuyama Corporation

OCI Co Ltd.

Air Liquide

Shandong Xinlong Group

GCL Poly Energy Holding Limited

Mitsubishi Materials corporation

TBEA Co. Ltd.

Yancheng Fujemax Power Machinery Co., Ltd.

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Pharmaceutical Grade Sodium Carbonate Market to Register High Revenue Growth at 2.8% CAGR During 2017-2027

Pharmaceutical grade sodium carbonate gaining high traction as an active pharmaceutical ingredient (API) in various drugs

The use of sodium carbonate, also referred to as soda ash, is slowly increasing due to increasing demand in various applications and shifting production economics. Increasing globalisation of soda ash industry is another aspect driving the change in the production economics. Moreover, the soda ash or sodium carbonate industry has witnessed increased adoption from countries in Asia Pacific such as China and India. It is the largest market offering several opportunities for players involved in this industry. In 2017, the global consumption of sodium carbonate touched a figure higher than 47 Mn MT owing to increased demand from end users, especially for glass products. Supply of sodium carbonate is largely concentrated in North America, Asia Pacific and Europe – more than 60% of the entire sodium carbonate production is from these three regions. According to this research study, the global pharmaceutical grade sodium carbonate market is expected to reach a significant market valuation by the end of the forecast period and projected to expand at a value CAGR of 2.8% throughout the period of assessment.

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Pharmaceutical grade sodium carbonate to be used extensively to improve drug effectiveness

API is the chief ingredient in a drug and is biologically active. It is mainly responsible for the accelerating the effectiveness of the drug in curing diseases and related symptoms. Various players in pharmaceutical sector use sodium carbonate as APIs to enhance their drug abilities. For example, Boots Company uses sodium carbonate as an active pharmaceutical ingredient in its effervescent powder that is applied to treat stomach issues and headaches. The use of sodium carbonate as an API is increasing at an alarming rate. The application of sodium carbonate as an API (Active Pharmaceutical Ingredient) is expected to grow at the highest pace in the coming years. Also, the API application segment is estimated to be the largest presenting potential opportunities for growth. It is expected to touch a value higher than US$ 23 Mn by the end of the period of forecast.

Personal care industry to showcase significant consumption of pharmaceutical grade sodium carbonate during the forecast period

Sodium carbonate is largely used in personal care sector, to carry out various chemical activities especially acid-base reactions, to manufacture various products. They are found in various personal care products such as toothpastes and are used as abrasives or foaming agents in toothpastes, which are used to increase the mouth pH value temporarily. Sodium carbonate is also used in hair colours. It breaks down oil and dirt from skin and hair and also supports in pH regulation. Several companies in the personal care industry use sodium carbonate. For instance, Proctor & Gamble Co. uses sodium carbonate in its hair colour for men whereas Church & Dwight Co. Inc., uses sodium carbonate in their tooth pastes. According to the research report, the consumption of sodium carbonate in personal care industry is expected to increase at a value CAGR of 2.4% during the forecast period.

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Pharmaceutical grade sodium carbonate is also used in curing metabolic acidosis as well as treating blood circulation insufficiency. An equimolar mixture of sodium bicarbonate and sodium carbonate, referred to as carbicarb, is used in various applications. International Medication Systems, a prominent manufacturer of carbicarb, uses sodium carbonate on a large scale. These applications of sodium carbonate come under the others segment, which is comparatively smaller than other application segments and is projected to expand at a relatively slow rate in the coming years.

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Electric Motors Market to Projected to Touch a Valuation of US$ 145.8 Bn by 2027-End

Future Market Insights’ newly published report titled “Electric Motors Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” examines the global electric motors market and offers crucial market insights for the next 10 years. According to the report, the market is anticipated to witness increasing demand for energy efficient motors owing to a growing focus on energy conservation. The estimated value of the global electric motors market in 2017 is US$ 88.6 Bn and the market is expected to expand at a CAGR of 4.7% to reach US$ 145.8 Bn by the end of 2027.  

Global Electric Motors Market: Dynamics  

The global electric motors market is estimated to be driven by increasing automation and robotics in the manufacturing sector, increasing electric vehicle sales and rising demand from HVAC and household applications. Healthy growth of end use sectors will also be a prime factor supplementing market growth. Industries across prominent regions such as Western Europe and North America and some countries in the Asia Pacific region are anticipated to witness high demand for energy efficient motors, i.e. above the IE2 efficiency level. At a product level, cost effectiveness offered by brushless DC motors due to their limited maintenance, increased efficiency, low operating cost and higher reliability will supplement growth of the DC motor segment. Product development is expected to remain a major focus for leading players in the market, while customisation will emerge as a major trend in the global market.

On the other hand, one of the main challenges faced by electric motors manufacturers is the rising competition among local and international companies. The local players have a significant impact on the regional markets; this has resulted in price competitiveness and narrowing profit margins. Leading players in the market are using acquisition as a top strategy to maintain a competitive edge in the global market.

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Global Electric Motors Market: Segmental Forecast

On the basis of power output, the <1 HP motor segment is estimated to account for over 69% market value share by 2017 end. The segment is expected to register a CAGR of 5.1% over the forecast period. <1 HP motors find diversified applications in various industries, residential appliances, commercial equipment, automotive and others. Healthy growth of end-use industries will significantly drive market demand in this segment.

On the basis of product type, the AC motors segment is anticipated to account for over 75% of the total revenue generated over the forecast period. Growing DC motor market is anticipated to impact demand for AC motors. In terms of volume, DC motors are anticipated to lead total demand for electric motors.

On the basis of application, the pumps and compressor segments are anticipated to collectively account for over 40% of the market revenue share by 2017 end. The pumps segment is expected to witness a relatively higher value CAGR of 5.5% over the forecast period.

On the basis of end use, the industrial segment is expected to dominate the overall revenue generated in the global market by 2017 end. The segment is estimated to account for a revenue of US$ 45.2 Bn in 2017 and expand at a CAGR of 4.5% over the forecast period. The automotive and transportation segment is also anticipated to hold a significant value share in the overall market, and is expected to expand at a CAGR of 5.1% between 2017 and 2027.

On the basis of region, APEJ is projected to dominate the global market both in terms of value and volume. A favourable macro-economic environment in the region supports the growth of end use industries, which in turn supplements revenue growth of the electric motors market.

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Global Electric Motors Market: Competitive Landscape

The global market for electric motors is highly fragmented with a large number of regional and international players. Some of the players reported in this study on the global electric motors market are ABB Group, Johnson Electric, Nidec Corporation, General Electric, Toshiba Corporation, Allied Motion Technologies Inc., Regal Beloit Corporation, Hyundai Electric & Energy Systems Co. Ltd., Hyosung Corporation, Siemens AG, Emerson Electric Company, Schneider Electric SE, Hitachi Ltd., Robert Bosch GmbH, Kirloskar Electric Company Ltd., WEG S.A., Bonfiglioli Riduttori S.p.A., Arc Systems Inc. and East West Manufacturing, LLC.

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Electrical Insulation Materials Market to Witness Steady Growth at 6.7% CAGR During 2017-2027

Future Market Insights delivers key insights on the global electrical insulation materials market in its latest report titled ‘Electrical Insulation Materials Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027.’ The long-term outlook on the global electrical insulation materials market remains positive, with market value expected to increase at a CAGR of 6.7% during the forecast period (2017 – 2027). Among material type, the thermoplastics segment is expected to expand at a significant CAGR in terms of value over the forecast period. Global sales of electrical insulation materials is estimated to be valued at US$ 10.4 Bn by the end of 2017. Asia Pacific Excluding Japan (APEJ) is estimated to account for a value share of 38.2% in the global electrical insulation materials 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.

Market Dynamics

The global electrical insulation materials market is greatly influenced by the use of thermoplastic electrical insulation materials. Thermoplastics segment accounts for a high market share in terms of volume as compared to other materials. Moreover, growth in the wire & cable market is expected to influence the electrical insulation materials market positively, marking high growth rate of the sector in developed as well developing countries. This is expected to create strong growth opportunities for electrical insulation materials manufacturers. Geographical expansions in new regions in the form of creating sales and distribution networks and establishing local manufacturing infrastructure could provide stability as well as growth opportunities for manufacturers in terms of revenue generation.

However, the global electrical insulation materials market is expected to face some challenges. High costs of electrical insulation materials are a prime challenge for electrical insulation materials manufacturers that may impact the demand for electrical insulation materials, thus in turn restricting revenue growth of the global electrical insulation materials market.

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Segmentation Analysis

The electrical insulation materials market is segmented on the basis of material into thermoplastics, epoxy resins, ceramics, fibre glass composites and others. It is also segmented on the basis of application into wires & cables, motors & generators, transformers and others.

On the basis of material, the thermoplastics segment is anticipated to continue to dominate the market in terms of value over the forecast period.

Thermoplastics material type segment is estimated to grow at a CAGR of 7.0% over the forecast period. The segment is expected to represent a total incremental opportunity of US$ 4.1 Bn between 2017 and 2027.

The ceramics segment is expected to grow at a CAGR of 5.7% in terms of value.

On the basis of application, the wires & cables segment is anticipated to continue to dominate the market in terms of value over the forecast period.

Regional Market Projections

APEJ is the leading market for electrical insulation materials accounting for over 35% market share in terms of revenue in the global electrical insulation materials market by the end of 2017. Japan is expected to expand at a moderate CAGR in the electrical insulation materials market through 2027. The China electrical insulation materials market is projected to hold significant market share in terms of value in the APEJ electrical insulation materials market over the forecast period, exhibiting a CAGR of 7.0% over the forecast period. Consumption of electrical insulation materials in Western Europe is expected to increase to 1,452 kilotons by 2027 end.

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Vendor Insights

The report highlights some of the key companies operating in the global electrical insulation materials market such as Nitto Denko Corporation, 3M, E. I. du Pont de Nemours and Company, The Dow Chemical Company, Hitachi Chemical Co., Ltd., Elantas GmbH, ITW Formex and Krempel GmbH. Top market players have been focussing on acquisitions of small and established players to strengthen their presence in the global electrical insulation materials market. Key market players have also been focussing on developing an effective sales and distribution infrastructure and manufacturing sites across regions to augment sales and cater to local demand.

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Organic Friction Modifier Additives Market to Showcase Healthy Expansion at 4.9% CAGR During 2017 - 2022

Increasing use of organic friction modifier (OFM) additives for lubrication of automobile, aviation, rail, industrial and energy/ power machinery components is driving its demand across the globe. Future Market Insights (FMI)’s latest report reveals that the global organic friction modifier additives market is set to surge at a steady CAGR of 4.9% during the forecast period (2017-2022). As per the report, this market is estimated to reach a valuation of over US$ 500 Mn by 2022-end. OFM additives make a massive impact on the tribological attributes of the lubricant, increasing its functionality and efficacy to a significant extent. Moreover, OFM additives ensure smoother mobility of mechanical components, which is critically essential in airplanes, vehicles and several other industrial equipment. There has been a significant increase in demand for OFM additives due to their benefits and overwhelming results. Factors as such are expected to reflect favorably on the global sales of OFM additives over the next couple of years. On the flip side, the growth of global market for OFM additives is expected to be impeded by introduction of more affordable substitutes such as corrosion and oxidation inhibitor anti-wear agents, detergent additives, dispersant additives and oiliness agents among others.

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Insights from the Report also include:

Based on additive type, demand for polymers additives will remain relatively high as compared to additives such as fatty acids and esters & amides in 2017 and beyond. Global sales of polymer additives currently account for more than 34% revenue share of the market. In addition, over US$ 170 Mn worth polymer additives are estimated to be sold globally by the end of assessment period, exhibiting an impressive growth. Meanwhile, global sales of fatty acids and esters & amides additives will collective represent for the largest market share over 2022.

Based on end use, OFM additives is expected to remain crucial in automobile lubricants throughout the projection period. OFM additives used in automobile lubricants currently command for nearly 44% revenue share of the market. By the end of 2022, more than US$ 220 Mn worth OFM additives are expected to be used automobile lubricants. Use of additive in industrial lubricant in also projected to increase at a significant rate between 2017 and 2022.

Among regions, the OFM additive market is the Asia-Pacific excluding Japan (APEJ) region is projected to remain highly lucrative during the forecast period. Currently, the APEJ accounts for the largest market share in terms of revenue and is likely to continue its dominance in 2017 and beyond. Further, APEJ’s OFM additives market is expected to surge at a sound CAGR during 2017 to 2022 and reach a valuation of more than US$ 150 Mn. This mainly attributed to the growing demand for additive in emerging countries such as India and China, as they are undergoing an industrial revolution and experiencing an economic boom. Meanwhile, North America is expected to remain the second largest market for OFM additives over 2022.

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Competitive Landscape

Some of the prominent market players profiled in FMI’s report include Dow Chemical Company Limited, Chemtura Corporation (LANXESS Solutions US, Inc.),BASF SE, Eastman Chemical Co., Celanese Corporation, Cargill, Inc., Croda International Plc., International Lubricants Inc., Afton Chemicals Corporation, and Multisol Ltd. Many of these companies are actively focusing on improving product efficacy and expanding production capacity in order to tap the market opportunities. In addition, partnership, collaboration and M&A activities will continue to be a major trend in the market. A majority of market participants are also inclining towards joint ventures and strategic deals to strengthen their sale and distribution network.

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Construction Chemicals Market to Incur High Value Growth at 5.2% CAGR During 2017-2027

Future Market Insights has come up with a new publication titled “Construction Chemicals Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” which tracks the performance of the global construction chemical market for the projected period of 10-years i.e. between 2017 and 2027. The global construction chemical market is expected to grow on a positive note during the forecast period. In terms of volume, consumption of construction chemicals across the globe was pegged at 23,934 KT in 2016 and is expected to increase at a CAGR of 4.9% (By volume) over the forecast period to reach 40,158 KT by the end of 2027. Growth in the market is expected to be driven by favourable policies and regulations and growing construction activities across the globe. Emphasis on oversea business development and sales, apart from domestic market and customized products for end use industries are the new trends witness in the global construction chemical market.

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Global Construction Chemicals Market- Key Takeaways

The U.S. is estimated to dominate the North America construction chemicals market with remarkable value share in terms of consumption over the forecast period

Due to growth of the construction industry in countries like Brazil and Mexico, there has also been an increase in the demand for constriction chemicals

Germany dominates the Western Europe construction chemicals market. This is attributed to the wide use of construction chemicals in industrial, commercial and residential segment

With more than 65 % of share in the overall construction chemical consumption, China dominated the APEJ market in 2016

In terms of value and volume, GCC countries are expected to dominate the MEA construction chemical market

Russia dominates the Eastern Europe construction chemicals market. The country accounted for nearly 44% share in the overall Construction Chemicals consumption in Eastern Europe in 2016

Global Construction Chemicals Market- Forecast by Product Type

On the basis of product type, the global construction chemical market is segmented into water proofing chemicals, protective coating, concrete admixture, adhesives and sealants and asphalt additives. The concrete admixture segment is expected to have a majority share in the global construction chemicals market throughout the forecast period. Increasing rate of urbanization in the Asia Pacific region, coupled with increasing demand from the residential sector and rising infrastructure development, are major driving factors for the growth of the concrete admixture segment.

Global Construction Chemicals Market- Forecast by Application Type

On the basis of application type, the global construction chemical market is segmented into residential, commercial & industrial and infrastructure. The residential and commercial & industrial segments together are expected to hold a major share of the global construction chemicals market throughout the forecast period. The sale of construction chemicals for residential applications is expected to be valued at US$ 24.63 Bn by 2027 end, registering CAGR of 5.8% in terms of value during the forecast period.

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Global Construction Chemicals Market- Forecast by Region

This report has covered seven regions namely, North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA. With 45.3% revenue share, APEJ region is expected to dominate the market in 2027.  Rising per capita income and rapid urbanisation & infrastructure development in APEJ are the major driving factors for the growth of the construction chemicals market.

Global Construction Chemicals Market- Key Players

Some of the key players operating in the global construction chemical market are BASF SE, GCP Applied Technologies, SIKA AG, The Dow Chemical Company, RPM International Inc., Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Covestro AG, HB Fuller Company, Lanxess AG, The 3M COMPANY, Wacker Chemie AG, Huntsman Corporation, Momentive, Performance Materials, and Guangzhou Jointas Chemical Co., Ltd.

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Process Automation and Instrumentation Market to Register High Revenue Growth at 6.0% CAGR During 2017-2027

Valuable insights on the global scenario of process automation and instrumentation have been put forth in a structured order based on a recently carried out research on process automation and instrumentation market. Future Market Insights in its new publication titled “Process Automation and Instrumentation Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” has covered several key players, trends, growth drivers, opportunities, developments and restraints across several key geographies of North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA). On the basis of a systematic research process and a detailed market segmentation, current and future projections up to ten years, from 2017 to 2027, with respect to value are drawn to deliver valuable acumen about the global market scenario.

Global Process Automation and Instrumentation Market: Forecast

The global process automation and instrumentation market is anticipated to grow at a significant growth rate throughout the period of forecast of 2017-2027. The global process automation market and the global process instrumentation market collectively are estimated to reach a value of about US$ 174 Bn by the end of 2027.

The global process automation market is expected to witness robust growth during the assessment period and is poised to register a CAGR of 6.0% throughout the 2017-2027 period. By the end of 2027, the global market for process automation is estimated to be valued at about US$ 153.6 Bn from a value of US$ 85.5 Bn in 2017.  The global process instrumentation market is projected to grow at a CAGR of 5.8% during the 2017-2027 assessment period. By the end of 2027, the process instrumentation market is estimated to reach a market evaluation of about US$ 20.5 Bn.

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Global Process Automation and Instrumentation Market: Influencing Factors

The global process automation and instrumentation market is being driven by several aspects in the market. Some of them are rising presence of process industries that which need process automation and instrumentation, rising focus on automation with a view to increase speed, quality and overall productivity and reduce errors, rising oil and refineries industry, significant demand for automation in the chemical industry, competitive environment prevalent in various regions, rising awareness towards digitalization and technological innovation, rising ethernet and internet technologies in control systems on mining and oil and gas plants, the increasing urge to maintain safety standards, rising demand  for process automation in the utilities sector and rising awareness of digitizing oil and gas platforms.

Global Process Automation Market: Segmental Insights

The global process automation market is segmented by solutions (PLC, DCS, SCADA, HMI, APC, MES, and Safety Automation), application (chemical, metal & mining, food & beverage, oil & gas, pharmaceutical, power, pulp and paper, wastewater treatment and others) and region.

By application type, the wastewater treatment and pharmaceutical segments are anticipated to grow at same and higher rates throughout the assessment period, however pharmaceutical segment is estimated to show a high market valuation by 2027 end. The chemical segment is likely to dominate the global process automation market by application to reflect a value of around US$ 21.3 Bn by 2027 end

PLC segment by solution type is expected to dominate the market with a high lead in valuation and is estimated to reach US$ 41.7Bn by the end of 2027. APC segment shows highest growth rate throughout the period of forecast. The SCADA segment shows high potential during the 2017-2027 period

North America region is poised to lead the global market with respect to market value, followed by Asia Pacific excluding Japan and Western Europe. Middle East and Africa region poised to grow at a high 6.8% CAGR throughout the period of assessment

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Global Process Instrumentation Market: Segmental Insights

The global process instrumentation market is segmented by instrument type (transmitter, flow meters, analysers, controllers, recorders, switches and vacuum instruments), application (chemical, metal & mining, food & beverage, oil & gas, pharmaceutical, power, pulp and paper, wastewater treatment and others) and region.

By region, North America dominates the global market growing at a moderate CAGR during 2017-2027 period. MEA region in this market also shows highest growth rate to reflect a CAGR of 6.4% throughout the assessment period

Oil and gas and others segment by application, poised to show significant market estimations with a moderate growth rate throughout the period of assessment. Pulp and paper and wastewater treatment segments poised to grow at a same growth rate to register a 6.9% CAGR during the forecast period

By instrument type, the transmitter segment is the largest segment and is anticipated to reflect a high value estimate of about US$ 5.8 Bn in 2027, followed by vacuum instruments segment. The vacuum instruments segment is anticipated to grow at the highest rate to register a CAGR of 6.1% throughout the period of forecast, 2017-2027

Global Process Automation and Instrumentation Market: Competitive Scenario

The global process automation and instrumentation market research report has profiled several key players involved in the market. Few of them are ABB Limited, Endress+Hauser Management AG, Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG, Pepperl+Fuchs GmbH, HollySys Automation Technologies Ltd., Schneider Electric SE, Honeywell International Inc., Yokogawa Electric Corporation, R. STAHL AG, Bosch Group, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Oxford Instruments Plc., Forbes Marshall Pvt. Ltd., Parker Hannifin Corp. and Danaher Corp.

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Expansion of Combi Ovens Market Poised to Reflect a CAGR of 10.3% for 2017-2027 Period

A new report published by Future Market Insights (FMI) titled “Combi Ovens Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” states that the demand for combi ovens across the globe highly depends upon the food preferences in different countries. For instance, people in China and the U.S. majorly consume fried items, whereas people in Europe make bakery, fried, and roast as their preference. The growing demand for combi ovens has impelled manufacturers to approach the market in accordance to the strong demand for heavy and medium capacity combi ovens in order to serve hotels, institutions, and commercial kitchens. According to FMI, the global combi ovens market is anticipated to witness a CAGR of 10.3% over the course of the forecast period.

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Growing Demand from the Foodservice Sector to be Key Growth Driver

The growing demand from the foodservice industry and the need for more productive cooking methods are expected to be the core drivers for the global combi ovens market in the coming years. With the growth in economy and increment in the disposable income of people, people now endeavour to spend more on items that can fulfil their desires such as a luxury car, an apartment, or on the food and beverages they desire to eat or drink. Humans are inquisitive in nature, and have the tendency to explore new things and new varieties of food to taste, which has thus pushed culinary specialists or chefs to come up with new types of cooking methods. Combi oven is best for cooking meat owing to the reason that the heat in the chamber does the majority of the cooking and the moisture in the oven prevents the meat from drying out and also increases its consumable life. Combi ovens are a perfect alternative for cooks when they are in the need to serve food in quick service restaurants or serve bulk orders. In this way, combi ovens are in great demand in inns, hotels, restaurants, eateries, and at other food outlets. The development of the foodservice sector across the globe is expected to bode well for the progression of the global combi ovens market.

North America to Oust Europe in Terms of Value Share by the End of 2027

Among all the regions, Western Europe is expected to emerge as the leading region in the global combi ovens market with a share of 41% in 2017. However, by the end of the forecast period, Western and Eastern Europe are both likely to witness decline in their market shares and North America will witness a substantial rise in its share in the overall market by the end of 2027. The growth of North America can be attributed to the growing investments being done by leading market players. To expand their market presence and global footprint, numerous players are focusing on investing in the North America market. Key players are adopting the strategy of mergers and acquisitions to collaborate with the local emerging players and to penetrate into the North America and strengthen their sales channel distribution.

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Enhancement of Product Portfolio to be Core Strategy of Key Market Players

Key market participants are focusing on enhancement of their medium-term expansion strategy, product portfolio strategy, and mergers with regional distributors to expand their business. The players operating in the market are Alto-Shaam Inc., Electrolux AB, Fujimak Corporation, The Middleby Corporation, Retigo S.R.O, and Dover Corporation, among others.

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Spark Plug Market to Incur High Value Growth at 4.9% CAGR During 2017-2027

Global Spark Plug Market: Snapshot

With increasing use of iridium material in new model of engines, the market for spark plug is expected to grow with significant pace. Spark plugs deliver electric current from an ignition system to the combustion chamber of a spark-ignition engine to ignite the compressed fuel/air mixture by an electric spark, while containing combustion pressure within the engine. There are many new trends witnessed in the global spark plugs market which are closely analysed by Future Market Insights. The insights on the research on global spark plugs market is shared in a new report titled ‘Spark Plug Market: Global Industry Analysis (2012 – 2016) and

Opportunity Assessment (2017 – 2027)’. The report includes all the crucial market numbers along with the growth rate for the forecast period of 2017-2027. According to the key results of this comprehensive research report, the global spark plugs market is expected to reach a market value a bit under US$ 5,000 Mn by the end of 2027, growing at a CAGR of 4.8% during the forecast period.

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Global Spark Plug Market: Dynamics

The production of cars remains constant which results in maintaining steady demand for spark plugs in the global market. With the rise in automotive production, the demand for spark plugs is also expected to grow. Many people are also keeping cars for a longer time. As the life of cars is increased with the technological improvements in the industry, there is an increase in demand for parts replacements. It has a positive impact on the demand for spark plugs as well. However, new trends like introduction of electric cars may result in a decreasing demand for spark plugs. As the market for electric cars is expected to grow in the coming years, the global spark plugs market may witness a decrease in demand for the products.

Global Spark Plug Market: Segmental Analysis

Based on material type, nickel segment is anticipated to lead the market with its market size expected to reach over US$ 2,300 Mn by the end of 2027. However, iridium segment is expected to stay ahead in the race among all the other products, expected to grow at a value CAGR of 5.8% during the forecast period.

In terms of end use, automotive is a clear leader of the market which is expected to reach a market size of over US$ 4,400 Mn by the end of 2027, growing a CAGR of 4.8% during the forecast period. Additionally, among the sub segments of automotive, passenger cars sub segment is expected to be dominate the global spark plugs market.

On the basis of product type, hot spark plug is a dominating segment of the market which leads in terms of market size and growth rate. However, cold spark plug is also expected to grow at a moderate rate during the forecast period.

Based on sales channel, aftermarket and OEM are expected to stay in close competition throughout the forecast period. The leading segment OEM is expected to grow at a CAGR of 5.3% whereas, aftermarket channel is expected to grow at a CAGR of 4.3% during the forecast period.

Among the various regions, China holds the highest market value of over US$ 1,400 Mn by the end of 2027, growing at a CAGR of 5.9% during the forecast period.

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Global Spark Plug Market: Competitive Landscape

The research report consists of a brief profile on all the major players that are leading the industry with their offerings. Some of these players mentioned in the report are ACDelco, NGK Spark Plugs, Magneti Marelli S.p.A., Holley Performance Products, Enerpulse Technologies, Inc., Stitt Spark Plug Company, Torch Group, Klaxcar France and Brisk Company.

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Global Bearing Isolators Market to Exhibit Steadfast Expansion During 2017 - 2027

Bearing Isolators Market: Introduction

Bearing Isolators play a prom

inent role in day-to-day operations of interconnection shafts systems. The main function of a bearing isolator is to provide protection from external contaminants in a bearing lubrication system; hence, as the name suggest, it isolates the contaminants from the housing. A bearing isolator is a non-wearing, non-contact and a permanent solution for protection. A typical bearing isolator consists of a stator and a rotor, which are unitized so they may not be separated from each other. Usually, the stator is pressed into the bearing housing, while the rotor rotates with the rotating shaft. There is complete interaction between the two components so that the contaminants are kept out of bearing enclosure and lubrication is properly maintained. Bearing isolators do not require any lubrication or any particular shaft finish, hence the manufacturing cost and the maintenance cost is considerably reduced in the global market.

Bearing Isolators Market: Dynamics

Certain noticeable factors enhancing the growth of the bearing isolators market are growing urbanization & industrialization globally and the need for enhancement of safety features for high speed rotating equipment. Key market participants in the global market are also coming up with advanced solutions so the operational life of bearing isolators is increased considerably. The society of Tribologists & Lubrication Engineers (STLE) and the National Research Council of Canada (NRCC) have estimated that 82% of a machine’s wearing is caused by particle contamination. Moreover, when bearing isolators were used in the place of lip seals, astonishing results were observed; the replacement repair and downtime cost of the overall rotating equipment were decreased substantially. Hence, it is estimated that the market growth for bearing isolators is on the linear side of all macro-economic growth factors, which will in turn fuel the overall market growth. Statistics report that the usual cost of repair for a typical equipment failure, owing to lip seal breakdown, can be 5 to 15 times greater than the cost to prevent failure in the first place, i.e. maintenance cost. Thus, most end users and consumers in the global market are opting for costlier bearing isolators as compared to cheap lip seals so that the life of the operating bearing and equipment is extended.

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Attributing to the high number of industrial fatalities and equipment damage globally, prominent emphasis is being given to improve lubrication of bearings and shafts, which in turn is anticipated to fuel the overall growth of the global bearing isolators market in the near future. Latest innovation and development in the global market have led to the introduction of high speed and high torque capacity bearing isolators, which is estimated to drive the growth high accuracy bearing isolators in the global market. The metal bearing isolators segment is expected to hold a noticeable value and volume market share, which is estimated to propel the demand for the global bearing isolators market, due to the stringent government rules  imposed on high speed equipment, coupled with the increasing efforts to reduce the production cycle time. Escalating cost of speed sensors and their corresponding technology united with changing prices are some of the key restraints contradicting the growth of the global bearing isolators market.

Bearing Isolators Market: Segmentation

The bearing isolators market can be segmented based on application and material type.

By material type, the bearing isolators market can be segmented as:

Metallic

Non-Metallic

By Application, the bearing isolators market can be segmented as:

Petrochemical

Chemical

Construction & Mining

Paper and Pulp

Steel & Metal Processing

Manufacturing & Processing

Others

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Bearing Isolators Market: Market Participants

Examples of some of the market participants in the global bearing isolators market are:

Elliott Group

John Crane

Flowserve Corporation

Beacon Gasket & Seals Co.

Parker Hannifin

Aesseal

Waukesha Bearings Corporation (Inpro/Seal)

The Timken Company

Baldor Electric Company

Advanced Sealing International

Garlock Sealing Technologies

Isomag Corporation

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Global Level Measuring Instrument Market to Register Stable Expansion During 2017-2027

Level Measuring Instrument Market: Introduction

Level measuring instruments are used for the accurate continuous measurement of the volume of fluid or gas in a container in several end use industries, such as automotive and oil and gas, to a name of few. These instruments are also used in the construction industry during the construction of walls and floors for the accurate measurement of slope, constant height of wall throughout its length and numerous other tasks. Level measuring instruments are of two types, namely analog and digital. In the current scenario, digital level measuring instruments are in trend because these are easily readable and provide more accurate results than analog instruments. Level measuring instruments can be used in many applications, such as to monitor the level of fluid, to measure the pressure level and to measure the electromechanical level, to a name of few.

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Level Measuring Instrument Market: Dynamics

Level measuring instruments are utilized to monitor the fluid level in various operations, some of them include crucial processes such as monitoring the proper pressure levels and fluid levels in power plants, manufacturing and in the oil and gas industry, to increase in overall productivity and safety. This is one of the primary drivers that is estimated to boost the growth of the level measuring instrument market in the coming years. The increasing population is positively impacting the construction industry, which in turn is indirectly increasing the demand for level measuring instruments. This factor is anticipated spur growth of the level measuring instrument market over the forecast period. The increasing demand for energy is resulting in the growth of the oil and gas industry, which in turn positively impacts the growth of the level measuring instrument market. Level measuring instruments play a significant role in oil and gas industry, owing to the requirement of a high degree of precision in maintaining the safety and proper monitoring of the systems.

Skilled and trained technicians are required for the maintenance and testing of level measuring instruments as they are highly sensitive devices. This factor is anticipated to slow down the growth of the transformer testing equipment market.

Level Measuring Instrument Market: Segmentation

The level measuring instrument market can be segmented on the basis of product type, measuring technique and end use.

On the basis of product type, the level measuring instrument market can be segmented into:

Level Gauge

Float type

Hydrostatic Pressure Measurement

Displacement Type

Echo Type

Ultrasonic Type

Others

On the basis of measuring technique, the level measuring instrument market can be segmented into:

Continuous Level

Point Level

Infill prevention

Solids measurement

On the basis of end use, the level measuring instrument market can be segmented into:

Oil and Gas industry

Construction

Manufacturing and Fabrication Industry

Automotive Industry

Water and Waste Water Treatment

Others

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Level Measuring Instrument Market: Regional Overview

The global level measuring instrument market can be divided into seven geographical regions, namely Asia-Pacific excluding Japan, Western Europe, Eastern Europe, North America, Latin America, Japan, Middle East and Africa. The Western Europe level measuring instrument market is expected to grow with a significant CAGR, owing to the growing automotive industry in the region. Asia Pacific excluding Japan is estimated to account for a prominent market share of the level measuring instrument market, due to the construction and industrial growth observed in emerging economies, such as India and China during the forecast period. Japan is also estimated to hold a significant market share, owing to the growing automobile sector in the region. The North America level measuring instrument market is also slated to witness growth, due to the high adoption rate of advanced level measuring instruments. The Middle East and Africa level measuring instrument market is also expected to grow with a significant growth rate, owing to the boom in the oil and gas industry in the coming year.

Level Measuring Instrument Market: Market Participants

Examples of some of the market participants identified across the value chain of the global level measuring instrument market include:

VEGA India Level and pressure measurement Pvt. Ltd.

Sapcon Instruments (P) Ltd.

Klay Instruments B.V.

Emerson Electric Co.

Siemens AG

Flowline

OMEGA Engineering Inc.

Nivus GmbH

ABB

Endress+Hauser Management AG

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Hydrogenerators Market to Witness Steady Expansion During 2017 - 2027

Hydrogenerators Market: Introduction

Hydrogenerators convert mechanical energy generated by a turbine into electrical energy. The two most important components of hydrogenerators are a stator and a rotor. The principal component of a hydrogenerator is an exciter-regulator, which stabilizes and sets the output voltage. The speed of the generator depends largely on the type of turbine. For a fixed value of power generated, a decrease in speed will increase the cost and size of the hydrogenerator. Moreover, large electric generators connected with the grid should meet the standards of the electricity authority board of the respective country. Hydrogenerators are generally of two types, namely synchronous and asynchronous hydrogenerators. Synchronous hydrogenerators are employed for weak grids where the unit may have significant influence on the network, while asynchronous generators are employed in case the grid is weak and if there are two units. Moreover, on the basis of configuration of turbine hydrogenerators are of two types, namely vertical hydrogenerators and horizontal hydrogenerators.

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Hydrogenerators Market: Dynamics

Leading manufacturers are focusing on introducing compact hydrogenerators in the market in order to meet the increasing demand from consumers along with improved performance characteristics. This is anticipated to augment the hydrogenerators market in the coming years. Moreover, with increasing urbanization across the globe, electricity consumption has increased considerably over the years. This is anticipated to boost the demand for hydrogenerators across the globe over the assessment period. Furthermore, with increasing penetration of IT and technology in day-to-day life, the demand for IT and data centers is anticipated to increase over the years, which will further surge the consumption of electricity in the coming years. This is anticipated to be one of the prime reasons propelling the demand for hydrogenerators. Also, with increasing focus of numerous countries on developing their healthcare infrastructure, the demand for uninterrupted power supply is anticipated to grow in the coming years. This is anticipated to further supplement the growth of the hydrogenerators market over the assessment period. Governments of numerous leading economies across the globe are emphasizing on expanding their hydropower infrastructure by implementing public private partnerships in the country. This will further increase the demand for hydrogenerators and is expected to create opportunities for augmentation of the said market over the assessment period.

The maintenance and operating cost of a hydrogenerator is significantly high, which is anticipated to restrain the growth of the hydrogenerators market in the coming years. Moreover, few hydrogenerators have limited power generation capacity. This can have a negative effect on the sales of hydrogenerators and derail the growth of the hydrogenerators market.

Hydrogenerators Market: Market Segmentation

On the basis of type, global hydrogenerators market can be segmented into:

Synchronous Hydrogenerators

Asynchronous Hydrogenerators

On the basis of application, global hydrogenerators market can be segmented into:

Vertical Hydro Turbine Generators

Horizontal Hydro Turbine Generators

On the basis of power, global hydrogenerators market can be segmented into:

Less than 1000KVA

Between 1000KVA-10000KVA

Above 10000KVA

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Hydrogenerators Market: Regional Outlook

Attributing to increasing government investments in establishing power plants and increasing electrification in rural and remote areas, the demand for hydrogenerators is anticipated to increase significantly in the Asia Pacific region. Presence of numerous key manufacturers in North America is anticipated to drive the growth of the hydrogenerators market over the assessment years. Increasing focus of numerous European countries on extracting energy from renewable energy sources has brought hydropower into the limelight. With the increasing popularity of hydropower, the demand for hydrogenerators is anticipated to increase considerably in the coming years in the European market.

Hydrogenerators Market: Market Participants

Examples of some of market participants identified across the value chain of the hydrogenerators market are:

Mitsubishi Heavy Industries, Ltd.

Cummins, Inc.

Ingeteam Corporation, S.A.

ANDRITZ HYDRO GmbH

Pentaflo Hydro Pvt. Ltd.

Toshiba Corporation

General Electric

Arizona Hydrogen Manufacturing, Inc.

Wärtsilä Corporation

Kirloskar Electric Company Ltd.

Kohler Co.

Tamar Hydro Pty Ltd

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In-Depth Forecast & Analysis on Solar Inverter Market for 2017-2027

Global Solar Inverter Market: Introduction

A solar inverter is an important part of a solar panel installation and is used to convert direct current (DC) output of a PV solar panel array into usable alternative current (AC) that can be fed into the electrical grid for commercial and domestic applications. Along with the basic function of converting DC to AC, solar inverters also provide a number of other capabilities and services (such as data monitoring, utility controls and system design engineering, among others) to ensure an optimal performance level. Solar inverters are of two types -- single phase inverters and three phase inverters.

On the basis of technology, three different types of solar inverters are available in the market -- string inverters (also known as centralized inverters), micro-inverters and power optimizers. Micro-inverters and power optimizers are often referred to as MLPEs (“Module-Level Power Electronics”). A micro-inverter is a solar inverter built inside the solar panel itself. Micro-inverters are most suitable for small off-grid power generation. Micro-inverters have revolutionized the residential solar inverter market and optimizing solar production.

Solar power generation is a clean and environment-friendly technology as it does not emit any greenhouse gas and hence is an effective alternative to secure energy supply. The Solar inverter market is expected to witness immense growth opportunities during the forecast period, especially in developing countries, such as India and China.

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Global Solar Inverter Market: Market Dynamics

Rapid increase in global population, urbanization and industrialization will result in an increase in demand for electricity, which, in turn, will drive huge investments for the development of renewable energy sources. Furthermore, favorable government initiatives to promote sustainable energy and emphasis on green energy development will also contribute towards the growth of solar inverter market during the forecast period.

String solar inverters are most commonly deployed globally and hold a major share in the solar inverter market. However, over the past few years, the MLPE technology is being increasingly adopted as it leads to rapid cost reduction and high performance efficiency.

To sustain in the competitive environment, the key manufacturers are continuously trying to cut down the cost curve of products. The key players are modifying manufacturing strategies and implementing the concept of “ease of manufacturing” for manufacturing solar inverters quickly and at more affordable prices, without sacrificing the performance of the inverter. Manufactures are investing heavily in research and development to achieve technological advancements, such as develop advanced cooling systems, improve services and increase market competency. Such technological advancements are expected to increase the production and installation of solar inverters, leading to the growth of global solar inverter market during the forecast period.

Development of more affordable solar inverters and improving economic conditions across the globe will add to the growth of the solar inverter market over the coming years. In this highly competitive environment, solar inverter manufacturers are also providing post-installation services, such as preventive maintenance, among others.

Global Solar Inverter Market: Segmentation

On the basis of technology, the Global solar inverter market can be segmented into:

String Invertor

Micro-inverters

Power Optimizers

Central Inverter

On the basis of end use, the Global solar inverter market is segmented into:

Residential

Commercial

Industrial

Utility

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Global Solar Inverter Market: Regional Outlook

Asia pacific is expected to dominate the solar inverter market and is expected to witness significant growth throughout the forecast period. Increasing power shortage due to rapid industrial growth and increasing population in countries, such as India and China, are expected to drive the growth of solar inverter market during the forecast period. Solar inverter manufacturers are shifting their attention in the Asia Pacific region to tap potential growth opportunities in the region. The North America solar inverter market is expected to grow at a steady rate during the forecast period. Europe is expected to witness relatively slower growth during the forecast period. Increasing power shortage in some of the European countries is expected to be a key driving factor for the growth of the solar inverter market in Europe.

Global Solar Inverter Market: Key players Some of the market participants identified across the value chain of the global solar inverter market are:

SMA Solar Technology AG

ABB

TMEIC

Waaree Energies Ltd.

Hitachi, Ltd.

CHINT Group

Siemens AG

Schneider Electric SE

KAKO new energy Inc.

Sungrow Power Supply Co., Ltd

SolarEdge Technologies Inc.

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Global Biofuel Enzymes Market to Incur Steady Growth During 2017-2027

Global Biofuel Enzymes Market: Introduction A biofuel is defined as any fuel for which energy is obtained through a process of biological carbon fixation. Biofuels are produced by biochemical process which utilize proteins called as biofuel enzymes in order to accelerate the chemical reaction. Biofuel enzymes do not chemically react with the substrate and reduces the energy needed to make the reaction occur. Ethanol, biodiesel, methanol, and biobutanol are the prominent biofuels that utilize biofuel enzymes during the production process. The global increase in energy demand and decline in the available stock of fossil fuels has become one of the global challenges and requires a search for alternate sources of fuels and energy. Consequently, conversion of biomass to biofuels is catalyzed by biofuel enzymes providing an ideal source of clean and sustainable energy. With the unavoidable depletion of the non-renewable resources and due to favorable environmental features, biofuels are preferred fuels of tomorrow. Despite the advantages of producing biofuels utilizing enzymes, only a limited number of biofuel enzymes have been commercially produced. The main reason behind it is the unavailability of efficient enzymes that can execute desired conversion of feedstock and their incapability to adapt to the application conditions. Subsequently, the total share of biofuels in global road transport is very less owing to higher cost of production compared to gasoline, uneven composition, low efficiency, and low quality of biofuel enzymes.  However, demand for biofuel enzymes is likely to enhance owing to global concern to minimize the exploitation of fossil fuels.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6330 Global Biofuel Enzymes Market: Market Dynamics Organizations such as U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) emphasize on discovering new biofuel enzymes which could help to remove economic and technical barriers preventing cellulosic biofuels from becoming a commercial reality. Strong research and development activities are carried by various national and international institutes to develop novel biofuel enzyme in order to quicken the conversion rate of biomass into sugars. Additionally, the companies entails on developing cheaper process for the production of biofuels. Aforementioned factors are likely to complement the growth of biofuel enzymes. However, the enzymatic approach for biofuel production is the exact example of green chemistry and much preferred because of its insignificant reaction conditions.  Thus, the energy requirement to produce liquid biofuels by using biofuel enzymes is lower. Subsequently, increase the focus of manufacturer to utilize biofuel enzymes. Global Biofuel Enzymes Market: Market Segmentation Global Biofuel Enzymes market can be segmented on the basis of enzyme type and regions. On the basis of enzyme type, global Biofuel Enzymes market can be segmented as    Lipase    Xylanase    Amylase    Cellulase    Others Global Biofuel Enzymes Market: Regional Outlook North America dominates the global production of biofuel followed by Latin America and Europe. Among Western European countries, France and Germany look prominent in terms of consumption of biofuel enzymes for the production of bioethanol. European countries has adopted a series of targets to fight climate change and mitigate the effects of fossil fuels depletion. Biofuels can play a vital role in tackling the issues related to geopolitics and higher fossil fuel prices. As a consequence, demand of biofuel enzymes is expected to surge in the near future. In the Middle East, biofuel enzymes market is expected to witness lucrative opportunities owing to soar in the demand for transportation fuels. The Australian biofuel enzymes market remain small owing to mandates do not cover the entire country and remain modest as compared to other countries. China and India are expected to witness promising growth in the coming years owing to governmental initiatives for the production of biofuels.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/toc/rep-gb-6330 Global Biofuel Enzymes Market: Key Participants Example of some of the market participants in the global Biofuel Enzymes market discerned across the value chain include    Novozymes A/S    E.I. du Pont de Nemours and Company    Sunson Industry Group Co., Ltd.    SinoBios    Specialty Enzymes & Biotechnologies    Transbiodiesel Ltd.    Enzyme Supplies Limited    Koninklijke DSM N.V.    Advanced Enzyme Technologies Ltd.

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X-by-Wire Market Expected to Behold a CAGR of 13.8% through 2017-2027

According to a new report published by Future Market Insights titled “X-by-Wire Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” the global x-by-wire is in the growing stage and is expected to show potential growth signs by the end of 2027. The demand for x-by-wire systems is increasing with every passing day as their installation is increasing in the military vehicles as well as construction equipment. Automotive companies are also focusing on installing x-by-wire systems in economy cars as well. Electric and hybrid vehicles manufacturers, on the other hand, are looking forward to adopt brake-by-wire in the vehicles, thus making it a feasible option for the consumers. The global x-by-wire market is expected to witness a volume CAGR of 13.8% and is likely to reach a volume of over 395,000 ‘000 units by the end of 2027.

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Rising Demand for Automotive Components to Trigger Adoption of X-by-Wire

The global automotive components market is expected to rise at a healthy rate over the forecast period owing to the substantial rise in the global demand for light vehicles. As a result of this, the sales of x-by-wire is expected to increase by almost 40%. Furthermore, the sales are supported by the stable demand arising from Asia Pacific and Europe. The sales are likely to constant in developing regions but slower growth is likely to be witnessed in emerging markets, especially China. Along with the luxury and premium vehicles sector; mid-sized and economical cars are also featuring advanced systems in their vehicle models in order to remain competitive in the market. These factors are expected to fuel growth of the x-by-wire technologies such as throttle-by-wire, shift-by-wire and brake-by-wire. The global automotive production rate is expected to have a high impact on the x-by wire market. The passenger cars sector, in particular, is anticipated to witness high growth over the forecast period. It has been projected that there will be a rather sound automotive production rate in developed economies such as Europe and the U.S. with the key emphasis being on sedan and luxury car sectors owing to changing consumer preference and lifestyle.

Asia Pacific Excluding Japan to Emerge as a Leading Region in Terms of Number of Deployments

The market for x-by-wire in APAC is expected to witness a volume CAGR of 16.3% from 2017 and 2027 owing to the high penetration of automotive in the region. China is on the forefront at present and is expected to stay the same by the end of the forecast period. In spite of an unstable economy in the last couple of years, the automotive industry has performed quite well, thus increasing the sales of automotive, both passenger and commercial in the region. In addition, the production of automotive is anticipated to be comparatively high in the developing regions as compared to the developed ones. Factors such as shifting customer preferences towards luxury vehicles, developing infrastructure, as well as rising disposable income of consumers in the region are likely to support the automotive industry in the region, thus supplementing the sales of x-by-wire in return.

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Partnerships to be the Core Strategy of Key Market Players

Strategic partnerships of auto component manufacturers with technology providers is likely to be the core focus of companies. The companies operating in the x-by-wire market are Continental AG, Kongsberg Automotive, Curtiss-Wright Corporation, ZF Friedrichshafen AG, Nissan Motor Co., Ltd., Robert Bosch GmbH, SKF AB, Denso Corporation, and Ficosa International SA, among others.

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Coatings and Application Technologies for Robotics Market Projected to Register 6.6% CAGR through 2027

A new research publication titled “Coatings and Application Technologies for Robotics Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” by Future Market Insights focuses on various market acumen on developments, trends, key players, growth drivers and forecasts across important regions. A detailed market segmentation is carried out which explores every angle of the coatings and application technologies for robotics market. This analytical research report covers historic market data for coatings and application technologies for robotics market along with future market projections for a period of ten years, starting from 2017 till 2027. Regional market intelligence is also provided that can assist the reader in gaining insights with respect to key regions across the globe and identify potential revenue pockets for gaining edge in the global coatings and application technologies for robotics market.

Global Coatings and Application Technologies for Robotics Market: Aspects Influencing Growth

Several factors are responsible for the current market position and scenario of coatings and application technologies for robotics. To name a few aspects, high growth in robot manufacturing, growing robotic service industry, increasing use of powder and water borne coating technologies in robot manufacturing, rising demand for base and clear coats, trending eco-friendly techniques in coatings and application technologies coupled with increase in vehicle production, growing use of water borne technologies and acrylics, growing demand for robots in healthcare industry, growing trend of industrial revolution 4.0 to boost the demand for robots, growing use of UV cure technology and adoption of automated technology in the automotive industry, increasing sales of robots in South East Asian countries, growing use of robotics in the construction sector, increasing innovations and development of existing coating products, and increasing employment of heavy duty robots in the oil and gas as well as metal industries, have pushed the growth of the global coatings and applications technologies for robotics market.

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Global Coatings and Application Technologies for Robotics Market: Segmentation Outlook

The global coatings and application technologies for robotics market is segmented on the basis of resin type, coating technology, coating layer, end use industry and region.

By resin type, acrylics are being used extensively. The acrylics segment is expected to grow at a significant growth rate throughout the period of forecast to reflect a substantial market valuation by the end of the year assessment. This segment is expected to lead the global market

By coating layer, base coat segment is the largest with a high market value. Also, this segment is projected to grow at a comparatively faster rate than other segments in the coating layer category

By coating technology, the water borne segment is expected to dominate the global market with a high market valuation and a significant CAGR. However, the powder segment is expected to witness higher demand and adoption and is projected to grow at the fastest rate in this category to register a value CAGR of 7.6% throughout the period of forecast

By end use industry, coatings and application technologies for robotics are extensively used in the manufacturing industry, followed by healthcare sector. Value wise, the healthcare end use industry segment is projected to grow at a relatively faster rate throughout the forecast period

By region, Japan region is highly attractive for the use of coatings and application technologies for robotics. The coatings and application technologies for robotics market in this region is expected to reach a value of more than US$ 650 Mn by the end of 2027. On the contrary, the APEJ region is expected to show high growth in this market

Global Coatings and Application Technologies for Robotics Market: Forecast Analysis

According to the fact based study on coatings and application technologies for robotics market, the global market is expected to reach a value of about US$ 1700 Mn by the end of the year of assessment (2027) from a value of around US$ 930 Mn in 2017. The global market is projected to grow at a value CAGR of 6.6% throughout the period of assessment (2017-2027).

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Global Coatings and Application Technologies for Robotics Market: Competition Landscape

The global coatings and application technologies for robotics market research report has included analysis on key players in the market. Analysis on companies such as Akzo Nobel N.V., Axalta Coating Systems, PPG Industries, The Sherwin Williams Company, HMG Paints Limited, The Lubrizol Corporation, Yashm Paint & Resin Industries, U.S. Paint Corporation, Kansai Paint Co. Ltd., Bernardo Ecenarro SA, Nippon Paint Holdings Co., Ltd., Sheboygan Paint Company, Beckers Group, Alps Coating Sdn. Bhd, NOROO Paint & Coatings Co., Ltd., WEG SA, Reichhold LLC and Tikkurila are included in this research report.

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Perfume Ingredient Chemicals Market Expected to Behold a CAGR of 5.5% through 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.

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

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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.

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.

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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.