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tritonmarketresearchamey · 8 days

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Tire Aftermarket, Tire Replacement Market: A Competing Shift

A flat tire is among the several inconveniences vehicle owners aim to avoid. Whether due to valve system damage or blowout due to over-inflation, the absence of a proper tire can severely damage the wheel and trigger tire replacement. This drawback has instigated several tire producers to invest in R&D to develop high-performance, fuel-efficient tires, opening avenues for the global tire aftermarket, tire replacement market.

Additionally, integrating systems like anti-lock braking systems, electronic power control, and tire pressure monitoring systems has upheaved the demand for tire aftermarket services. Our estimates have gathered that the global market is set to gain revenue worth $93.38 billion by 2028, rising at a CAGR of 4.43% during the forecast years 2022-2028.

Developments in Aftermarket Services

Wait, did you say airless tires? Instead of air, tires are now integrated with a network of spokes that keeps the wheels rigid while giving them a see-through appearance. Each year, around 20% of tires are trashed due to puncture or uneven wear, stimulating manufacturers like Michelin to launch UPTIS airless automobile tire design that results in lower raw material and waste consumption. In this regard, the company has teamed up with GM to introduce UPTIS by 2024.

Besides, the tires’ ability to bear high weight and absorb shocks is anticipated to support the growth of the 16-18-inch rim size category. Numerous players have opted for this size since it offers additional grip, braking performance, and ride comfort, a major driving force for the tire aftermarket, tire replacement market.

The Green Initiative: With the average crude oil price rising from $39.68 in 2020 to $97.64 in 2022 and the rising carbon footprint, the demand for energy-efficient tires has boosted the tire replacement market. Besides, advances in tire energy efficiency can decrease global fuel consumption by around 5% in passenger vehicles, per the International Council on Clean Transportation. This has led low rolling resistance tires to gain immense traction among consumers to lower their total carbon footprint.

Considering this trend, in January 2023, Goodyear revealed a demonstration tire made of 90% sustainable materials, including carbon black and soybean oil. While it stated the need for further collaboration to bring 90% sustainable tires into the market, the company plans to sell them with 70% sustainable material in 2023. Our analysis indicates that the radial tire type captures the highest share in the market as it has lower rolling resistance, achieving greater fuel efficiency.

Labeling Culture: Labeling has emerged as a viable solution to differentiate products from packaging to tires. However, governments are striving to implement standards to eliminate redundant performance classes from the scale. For instance, the label design will be changed in the US with snow and ice grip symbols. The European Commission also introduced Euro 7 standards for particle emission from tires and brakes to ensure cleaner vehicular movement and air quality across the region.

Other than this, the Indian government mandated new standards in 2021 to enhance fuel efficiency and braking impact on wet roads. Earlier in 2022, Michelin became the first tire brand to receive a 4-star rating by the Bureau of Energy Efficiency, India, under the new star labeling program. Such steps by government bodies to promote sustainability are set to be a growth enabler for the Asia-Pacific tire aftermarket, tire replacement market.

Electric Vehicle: Revving Up the Ride

Over the course of a decade, electric vehicle sales soared to reach around 7 million units in 2021. Fueled by the falling costs of lithium-ion batteries, the rising EV sales have revolutionized the automotive industry and the tire sector. Furthermore, since the additional weight of batteries in EVs lead to enhanced stiffness, the demand for cutting-edge tires has accelerated. As a result, companies like Bridgestone have unveiled ENLITEN Technology that decreases tire rolling resistance by 30% and weight by 20% to expand EV driving range and reduce environmental impact. Therefore, the EV industry is attractive for expanding the tire aftermarket, tire replacement market.

FAQs:

Q1) What are the types of tires in the aftermarket, tire replacement market?

There are two major types of tires, namely, radial and bias, in the tire aftermarket, tire replacement market.

Q2) Which region will witness the fastest growth during the forecast period?

Asia-Pacific tire aftermarket, tire replacement is anticipated to witness the fastest growth, attaining a CAGR of 5.09% during the forecast period 2022-2028.

#Tire Aftermarket #Tire Replacement Market #Automotive & Transportation #Automotive Components #triton market research #market research reports

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acf-lab · 4 months

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Exploring the frontiers of vibration damping and energy absorption technology: Uncovering the differences and uses of leading material technologies.

The key to industrial progress is the development of material technology, but vibration and noise all the time filled with industrial life, restricting the development of enterprises, affecting industrial progress.

There are some excellent performance vibration absorbing materials on the market, due to good cushioning, abrasion resistance, fatigue resistance or adjustable widely used, where different material properties corresponding to different areas, the following list of common or quite potential vibration absorbing materials in the sports and industrial industries.

Rubber is a natural or synthetic polymer elastomer with good elasticity and fatigue resistance, and is one of the most widely used shock absorbing materials.

01 Characteristics

Good elasticity: able to deform in a wide range and quickly return to its original state.Adjustability: can be customized in various sizes according to demand.

Abrasion resistance: good resistance to friction and abrasion.

02 Advantages

Low cost: natural rubber is widely available and synthetic rubber is easier to prepare.

Easy to process: can be processed into various shapes through injection molding and extrusion

03 Uses

Automotive industry: for shock absorbers, suspension systems, etc.

Sports equipment: such as sports shoes, rackets, etc.

Automotive Suspension Springs

According to statistics, the global revenue of rubber shock pads is approximately $17,010 million in 2021 and is expected to reach $19,550 million in 2028.

Polymer Materials

Polymer materials, also known as polymer materials, is a polymer compound as a substrate, and then equipped with other additives (additives) composed of materials, according to the application of functional classification can be divided into general-purpose polymer materials, special polymer materials and functional polymer materials of three major categories.

01 Characteristics

Fatigue resistance: can be high-speed collision or multiple impact forces, can maintain stable performance.

Adjustability: by changing the molecular structure and crosslinking density, can optimize its performance.

Stability: good resistance to temperature and chemical corrosion.

2 Advantage

Variety of properties: material properties can be customized according to demand.

Good processing performance: it can be processed into complex shapes through a variety of processes.

Lightweight: Lightweight design of structure can be realized.

03 Uses

Aerospace: used in aircraft and spacecraft, the return chamber of the shock absorption system.

Electronic equipment: such as cell phones, laptop computers, anti-vibration protection

Sports: such as extreme sports protective equipment, advanced sports shoes, etc.

Industrial shock absorption: used in large machine tools, mechanical equipment, air conditioning compressors, production equipment and other vibration sources with vibration absorption protection.

ACF material (full name "ACF artificial cartilage material") is an advanced invention in China in the past 10 years, belonging to the polymer material category of bionic energy-absorbing materials, its technical principle is to adjust and control its micro-nanometer structure by imitating the human articular cartilage, so that it is infinitely close to the articular cartilage structure, with excellent cushioning and energy absorption, and in addition, the ACF material has a good adjustability and stability, and it is the new rising star of the management and control in the scenarios of sports, industry, automobile and other impact protection, vibration, noise, sealing and so on.

Composites are new materials made by combining two or more materials with different properties through physical or chemical methods.

01 Characteristics

Strong comprehensive performance: the advantages of various materials can be utilized comprehensively, such as high strength, good shock absorption, etc.

Strong designability: the proportion and arrangement of each component can be adjusted according to the demand.

02 Advantage

High performance: combines the advantages of various materials.

Lightweight: Lightweight structural design is possible.

03 Uses

Automotive industry: used for lightweighting and vibration damping of body structure, chassis and other components.

Sports equipment: such as golf clubs, bicycle frames, etc.

Automotive Suspension Springs

The share of composites in the automotive industry is increasing year by year, and according to data disclosed by Lucintel, it is expected that the share of lightweight materials used in automobiles will exceed 47% by 2025.

Nanomaterials

Nanomaterials are materials that measure between 1 nanometer and 100 nanometers in at least one dimension.

01 Characteristics

Large specific surface area: nanomaterials have a large ratio of surface atoms to total atoms, giving them unique physical and chemical properties.

High interfacial activity: easy to combine with other materials to form composites with high interfacial activity.

02 Advantages

High performance: excellent performance in vibration damping and energy absorption.

Versatility: nanomaterials are available in a wide variety of types to meet different application needs.

03 Uses

Aerospace: used in shock absorption systems for airplanes and spaceships, return bins.

Sports: such as advanced sports shoes, protective equipment, etc.

The use of nanomaterials in vibration damping, although currently a relatively small percentage of applications, is growing rapidly and is expected to grow significantly over the next few years.

Explore the frontiers in the field of vibration damping and energy absorption technology: these vibration damping and energy absorption materials have their own unique characteristics and are widely used in a number of fields. As a representative of polymer science and technology materials, ACF artificial cartilage materials of Linzhi Technology Group have continuously improved their vibration-damping performance through continuous research and innovation, providing important technical support in the fields of sports, electronics and semiconductors, industrial vibration-damping, automotive, aerospace and rail transportation, and so on. In the future, with the continuous progress of technology, we believe that ACF artificial cartilage material will show its unique advantages in more fields and make greater contribution to the development of society.

400-6543-699

www.acf.com

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jayanthitbrc · 8 months

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An In-depth Analysis of the Automotive Shock Absorber Market: Size, Key Drivers, Emerging Trends, Market Restraints, Growth Opportunities, and Strategic Insights

The Business Research Company’s Automotive Shock Absorber Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Automotive Shock Absorber Global Market Report 2023 evaluates automotive shock absorber market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Request A Free Sample Of The Report (Includes Graphs And Tables):

The worldwide automotive shock absorber market is poised for substantial expansion, with an anticipated increase from its 2022 valuation of $13.20 billion to a projected $14.06 billion by the close of 2023. This remarkable growth is underpinned by a robust compound annual growth rate (CAGR) of 6.5%, a testament to the industry's resilience in the face of challenging global dynamics.

Undeniably, the Russia-Ukraine conflict has emerged as a formidable disruptor to global economic recovery post the COVID-19 pandemic. The fallout has triggered far-reaching economic sanctions against multiple nations, an unprecedented surge in commodity prices, and widespread supply chain disruptions. Consequently, these adverse developments have given rise to inflationary pressures across the spectrum of goods and services, exerting a discernible impact on various sectors across the world.

Nevertheless, the automotive shock absorber market remains steadfast, poised to ascend to $17.41 billion by 2027, characterized by a slightly moderated yet commendable CAGR of 5.5%. This underscores the industry's adaptability and enduring potential amid the prevailing global challenges.

The burgeoning demand for automobiles is poised to be a driving force in the continued expansion of the automotive shock absorber market in the foreseeable future. Within the realm of vehicular transport, automobiles, often colloquially referred to as cars or vehicles, are distinguished as self-propelled wheeled conveyances specifically engineered for on-road transportation. Central to the optimal functioning of these automotive marvels is the integration of shock absorbers, precision-crafted components designed to regulate the suspension's kinetic dynamics. These ingeniously engineered mechanisms play an instrumental role in ensuring the perpetual connectivity of the automobile's tires to the ever-evolving topography of the road surface, thereby guaranteeing a smooth, secure, and efficient ride for the occupants.

For instance, in March 2022, according to the European Automobile Manufacturers' Association (ACEA), the lobbying and standards group for the automobile industry, the sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Further, around 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Therefore, the demand for automobiles is driving the growth of the automotive shock absorber market.

Get More Information On The Automotive Shock Absorber Market Report:

The automotive shock absorber market segments in the report are:

1) By Type: Single-Tube Shock Absorbers, Twin-Tube Shock Absorbers

2) By Product Type: Hydraulic Type, Gas-Filled Type

3) By Technology: Air Shock Absorber, Damping Shock Absorber, Active, Semi-Active

4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket

5) By Application: Passenger Car, SUV Truck, Heavy Vehicle, Electric vehicle, Other Applications

The table of contents in TBRC’s automotive shock absorber market report includes:

1. Executive Summary 2. Automotive Shock Absorber Market Characteristics

3. Automotive Shock Absorber Market Trends And Strategies

4. Automotive Shock Absorber Market - Macro Economic Scenario …………. 32. Global Automotive Shock Absorber Market Competitive Benchmarking

33. Global Automotive Shock Absorber Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Automotive Shock Absorber Market

35. Automotive Shock Absorber Market Future Outlook and Potential Analysis 36. Appendix

Learn About Us: The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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researchvishal · 1 year

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Automotive Suspension Systems Market Key Opportunity, Analysis, Growth, Trends 2032

The global automotive suspension systems market size is skyrocketing and is to be valued at US$ 62 Billion in 2022, forecast to grow at a stable CAGR of 4.36% to be valued at US$ 95 Billion from 2022 to 2032. Increasing urbanization, technical advances, and shift in purchasing habits are all contributing to the expansion of the automotive sector. Meticulous research and developments are assisting in updating the present automotive suspension systems in order to improve the ride quality and road holding capabilities of the vehicle.

Key Takeaways

Suspensions are vital for good ride quality and automobile handling control. A comfortable ride promotes convenience for passengers, prevents cargo damage, and decreases driver fatigue on extended voyages. Attributing to such crucial factors are resulting in surging sales of automotive suspension systems in the global market.

Since cars with firm suspension may result in better control of body motions and faster reflexes, it is increasingly becoming a crucial part of an automobile. Ambulances require improved vehicle suspension to minimize further damage to already unwell passengers. Such factors have increased the desire for greater driving comfort, which has benefited the worldwide automotive suspension systems market's development.

The SUV market has seen reasonable growth in recent years. Due to the cheap cost, small size, modern designs, and superior agility, the SUV & sub-compact SUV industry has seen significant expansion in nations such as the United States, China, India, and Mexico. The excessive use of multilink suspensions is witnessed in the market. The lower cost of multilink suspension and the simplicity of modification has expanded the use of multilink suspension in mid- to high-segment vehicles.

There is a multilink suspension seen in SUVs including Kia Sport, Volkswagen Tiguan, and Mahindra Scorpio. Throughout the projection period, the global automotive suspension systems market is predicted to increase at a pace of 4.36%. SUVs often have independent suspension at both the front and back wheels. As a result, the urge for independent suspension systems is growing.

At present, air suspensions are preferred more than leaf springs as it delivers optimum comfort and elegance to passengers. As a result, the growing demand for comfort and luxury is driving up demand for automotive suspension systems throughout the world.

For more insights: https://www.futuremarketinsights.com/reports/automotive-suspension-systems-market

The suspension system of an automobile consists of springs, structs, ball joints, shock absorbers, and control arms that help connect the vehicle to the wheel and allow relative motion between the two. The geometry and method used to design suspension are determined by the camber of the wheel, the castor of the hub, the toe of the vehicle, and the kingpin inclination of the control arms.

Suspensions are considered an important part of an automobile because it helps to keep the vehicle's tires in touch with the road during the trip, protecting the vehicle and reducing shocks along with protecting its cargo from damage or wear. In addition to that, it isolates the car from high-frequency vibrations caused by tire excitation.

Competitive Landscape

The Benteler Group, Continental AG, KYB Co., Ltd., Magneti Marelli S.p.A., Mando Corporation, Schaeffler AG, Tenneco Inc., TRW Automobile Holdings Corporation, WABCO Holdings Inc., ZF Friedrichshafen AG are some of the key companies profiled in the full version of the report.

There are various players in the market for automotive suspension systems. The automotive suspension systems industry is extremely competitive, with competitors vying to increase their market share. Product innovation and regional growth into new markets will be critical to the success of any automotive suspension systems industry participant.

Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-713

More Insights into the Automotive Suspension Systems Market

The Asia Pacific region is the largest manufacturer of automotive suspension systems. As per FMI reports, China is anticipated to maintain the dominant position in the automotive systems market during the projection period.

Owing to the surging demand for luxury vehicles, Asia Pacific becomes one of the leading manufacturers of fuel-efficient automobiles in the world. OEMs have begun to invest in and develop innovative automotive technology. Even though Japan and South Korea are technological leaders, India and China produce the most vehicles in the Asia Pacific.

Owing to the changing customer tastes, in recent years, have led to the rise in the per capita income of the middle-class population, and cost benefits for OEMs. Due to these factors, Asia Pacific has emerged as a center for automobile production in recent years.

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rohittriton · 1 year

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Tire Aftermarket, Tire Replacement Market: A Competing Shift

Developments in Aftermarket Services

Electric Vehicle: Revving Up the Ride

FAQs:

Q1) What are the types of tires in the aftermarket, tire replacement market?

There are two major types of tires, namely, radial and bias, in the tire aftermarket, tire replacement market.

Q2) Which region will witness the fastest growth during the forecast period?

Asia-Pacific tire aftermarket, tire replacement is anticipated to witness the fastest growth, attaining a CAGR of 5.09% during the forecast period 2022-2028.

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tritonmarketresearch · 1 year

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Tire Aftermarket, Tire Replacement Market: A Competing Shift

Tire AftermarketA flat tire is among the several inconveniences vehicle owners aim to avoid. Whether due to valve system damage or blowout due to over-inflation, the absence of a proper tire can severely damage the wheel and trigger tire replacement. This drawback has instigated several tire producers to invest in R&D to develop high-performance, fuel-efficient tires, opening avenues for the global tire aftermarket, tire replacement market.

Developments in Aftermarket Services

Electric Vehicle: Revving Up the Ride

#Tire Aftermarket #tire replacement market #Automotive industry #automotive components #market research report #market research reports #triton market research

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severepeanutperfection · 2 years

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Automotive Parts Aftermarket Key Opportunity, Analysis, Growth, Trends 2032

The report published on Automotive Parts Aftermarket is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2022 to 2030 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of Automotive Parts Aftermarket Market along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.

Market Dynamics

Automotive Parts Aftermarket growth in the current scenario as well as in the coming years and the factors affecting it has been discussed in detail. The interplay of demand and supply forces in this market along with the external factors have been studied. The effect on the market in terms of growth has been studied to aid the market forecast. The pricing policies used in various regions of Automotive Parts Aftermarket Market and the effect they have on the consumption behavior have been studied.

Demand for automotive parts in the aftermarket is being aided by increased maintenance and repair activities carried out by vehicle owners because stock vehicle parts suffer wear and tear over a period of time. Air filters, fuel filters, and spark plugs, as well as brake pads, are more likely to be replaced at regular intervals.

Governments all over the world have enacted strict car emission standards that require product manufacturers to provide ecologically sustainable and high-performing parts for both, local and international markets, which is expected to drive demand of automotive parts. The automobile parts industry has seen significant expansion in recent years, with rising economies such as China, India, and Brazil expected to drive worldwide market growth.

Market players are rapidly innovating and bring in new, advanced parts into the aftermarket:

In June 2021, Michelin introduced new winter tires for trucks, named “Michelin X Multi Grip”. These tires deliver better performance and ensure maximum safety in extreme weather conditions such as snow- and slush-covered roads as well as wet roads.

In Feb 2021, Gabriel India Limited developed the first adjustable electronic hydraulic shock absorber for a leading SUV vehicle in the aftermarket sector.

Key Takeaways from Market Study

At a CAGR of 6.7%, electrical parts is projected to be the fastest-growing product segment through 2031.

Tires are expected to have the highest share in the product segment, with nearly 42% market share by 2031.

By vehicle, passenger cars are projected to be the segment leader with a market share of more than 64%.

By Region, Europe is projected to have the highest share in the global market accounting to more than 34%. Germany is expected to hold nearly 29% of the European market share by 2031.

The market in the Middle East & Africa region is projected to expand at the fastest CAGR of 6.2%

The U.S. is projected to register the highest absolute $ opportunity of more than US$ 44 Bn from 2021 to 2031.

By sales channel, authorized dealers are anticipated to lead with more than 45% share of the market.

Market Landscape Identified to Be Fairly Competitive

On a regional, national, and global basis, the worldwide Automotive Parts Aftermarket By Products is highly competitive and fragmented.

Some of the key players included in the report are Robert Bosch GmbH, ZF Friedrichshafen AG, Hella KGaA Hueck & Co., NGK Spark Plug, Exide Technologies, Gabriel India Limited, Hitachi Astemo, Ltd., KYB Corporation, Tenneco, Inc., Denso Corporation, Magna International, Continental AG, Valeo SA, Bridgestone, Michelin, Goodyear, Pirelli, Mahle GmbH, BorgWarner, OSRAM Licht AG, Knorr-Bremse, and Aisin Corporation.

Buy Full Report Now and Get Up to 20% Discount @ https://www.persistencemarketresearch.com/market-research/automotive-parts-aftermarket.asp

Key Questions Answered in This Report.

How much is the global automotive parts aftermarket valued at currently?

What is main factor driving demand for automotive parts in the aftermarket?

At what CAGR did demand for automotive parts in the aftermarket increase over the past 5 years?

What will be the demand outlook for automotive parts through 2031?

What are the key trends being witnessed in this marketplace?

What is the market share of the top 5 manufacturers of automotive parts in the aftermarket?

At what rate is the market in Germany registering growth in Europe?

Which are the top 5 countries driving most demand for automotive parts in the aftermarket?

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marketinsightshare · 2 years

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Polyamide in Electronic Protection Device Market Size Estimated to Reach $613.2 Million by 2026

Polyamide in Electronic Protection Device Market size is expected to be valued at $613.2 million by the end of the year 2026 and the market is set to grow at a CAGR of 4.5% during the forecast period from 2021-2026. The increase in use of Polyphthalamide (PPA) in various key industries such as electronics & electrical, automobile, and others expanded due to its superior properties like high temperature polyamide, good resistance to heat, and provides a better mechanical structure and this is driving the market growth. Furthermore, the increase in demand for thermosetting polymer that is used for insulation purposes in electronic gadgets and devices is also fuelling the growth of polyamide in electronic protection device industry.

COVID-19 impact

The Covid-19 pandemic has led to the slowdown of polyamide in electronic protection device market in terms of production, supply chain management, and inventory clearance. This has affected the polyamide in electronic protection device market top 10 companies in many aspects like unavailability of raw materials, volatile prices, and slowdown in the growth of the company which has eventually led to the companies incurring huge losses. The marketing and distribution channels were also hugely affected due to the limitations of the lockdown and economic shutdown. This lead to overstocking of their inventories eventually leading the companies to incur huge losses.

Polyamide in Electronic Protection Device Market Segment Analysis - By Product Type

PA 6 segment held the largest share of more than 30% in the polyamide in electronic protection device market in the year 2020. PA 6 polyamide is generally used in applications where toughness, lubricity and wear & tear are required, such as gear wheels, rollers, bearings, power tool housings, electrical connectors, coil formers etc. It has excellent heat aging resistance and chemical resistance properties. PA 6 polyamide is also has an excellent surface appearance, especially in filled and reinforced versions, compared to other versions of polyamide, making it a preferred type of polyamide as compared to the other polyamides.PA 6 can withstand temperature up to 310 degree Celsius.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=503418

Report Price: $4500 (Single User License)

Polyamide in Electronic Protection Device Market Segment Analysis - By Type

Glass Fiber segment held the largest share of more than 30% in the polyamide in electronic protection device market in the year 2020. Glass content makes the product more rigid and flexible giving more stiffness and strength, even after absorbing humidity. The dimensional stability is also better compared to other types of material. It is used in many electrical parts like switches, sockets, plugs, and antenna-mounting devices. It has a specific resistance greater than steel and thus is used to make high-performance. The main feature of glass fiber is that it comes in varying sizes and can be easily combined with many synthetic resins. According to the European Glass Fibre Producers Association, the global glass fibre market reached revenue of US $ 40 billion in the year 2020. Thus, the growth in the glass fiber market, will also drive the growth of this this market.

Polyamide in Electronic Protection Device Market Segment Analysis - By Application

Miniature Circuit Breaker (MCB) held the largest share of more than 25% in the polyamide in electronic protection device market in the year 2020. Miniature Circuit Breaker (MCB) is being used extensively in the present days due to the easiness in handling the equipment and safety from electric shock in using the Miniature Circuit Breaker (MCB). Handing a Miniature Circuit Breaker (MCB) is electrically safer than a fuse, since it is properly insulated and coated. Miniature Circuit Breaker (MCB) automatically switches off electrical circuit during any abnormal condition or any overload. Miniature Circuit Breaker (MCB) is used in generators or invertors.

Polyamide in Electronic Protection Device Market Segment Analysis - By Geography

Asia-Pacific region held the largest share of more than 40% in the polyamide in electronic protection device market in the year 2020. The highest demand from the Asia-Pacific region is due to the availability of cheap raw materials such as nylons, aramids, sodium polyaspartate, and wool. The presence of emerging countries like India, China and South Korea also drive the market growth in APAC region. Furthermore, the growing demand for environment friendly vehicles, developing aviation sector, and growing investment in the infrastructure sector across the region also propels the market growth.

Polyamide In Electronic Protection Device Market Drivers

Surging Demand from electrical and electronics industry

The increase in adoption of polyamide in electronic protection devices owing to various reasons such as cost-effectiveness and environmental friendliness of polyamide is driving polyamide in electronic protection device market. This is one of the main reasons why other thermoset materials such as acrylates, phenolic, epoxies and cyanate esters are being replaced by polyamide in the electronics protection device industry. The raw material used in producing polyamide like caprolactam is cheaper than the other thermoset materials. This is hugely driving polyamide in electronic protection device market. Whereas, the growth in the electronics and IT industrties is also contributing to the market growth. For instance, according to the JAPAN ELECTRONICS AND INFORMATION TECHNOLOGY INDUSTRIES ASSOCIATION (JEITA) report 2020, the total global production by the electronics and IT industries is expected to increase by a mere 2% year on year in 2020 to reach $2,972.7 billion.

Technological advancements in electronic protection devices

The evolution of technology in the past few years has contributed to the growth of electronic protection devices. There has been a significant change in the control, testing and commissioning methods, which fuels the growth of electronic protection devices industry. This further gives raise to the need of polyamide in electronic protection devices market, due to their insulation properties and low flammability. For instance, the Voltage Test Station (VTS) from Grace Engineered Products is a permanent electrical safety device that helps quickly and safely validate zero electrical energy from outside the electrical cabinet. This helps in detecting presence or absence of voltage, malfunctions of the disconnect switch and unintended release of stored electrical energy.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=503418

Polyamide in Electronic Protection Device Market Challenges

Availability of other substitutes for polyamide

The availability of substitutes such as polystyrene, polyester, and polybutyleneis are acts as a major challenge to the growth of polyamide in electronic protection device market. These substitutes are relatively cheaper and is easier to handle than polyamide that makes them a better substitute thereby acting as one of the biggest challenge to the polyamide in electronic protection device industry. Polystyrene can be made into various other applications by adding other additives, colorants, foam, other plastics etc. Polystyrene can also be extracted from natural products such as coffee, cinnamon etc. This makes polystyrene a preferred kind of plastic.

Market Landscape

New product launches, acquisitions and mergers, collaborations, expansion and investments are some of the key strategies adopted by players in the Polyamide In Electronic Protection Device Market. Major players in the Polyamide In Electronic Protection Device Market are BASF Group, Formosa Group, Li Peng Enterprise Co. Ltd, Royal DSM, DuPont de Nemours, Inc., Good Fellow Inc., Shenma Industrial Co. Ltd, Radici Group, Huntsman Corporation, Ascend Performance Materials LLC, Arkema SA, Toray Industries Inc. and Evonik Industries AG, among others.

Acquisitions/Technology Launches

In May 2020, Huntsman Corporation acquired CVC Thermoset Specialities for US $ 300 million. Under this acquisition Huntsman Corporation acquire the whole business of CVC Thermoset Specialities including composites, thermosets, adhesives and others. This acquisition helped Huntsman Corporation in growing its Advanced Materials Portfolio.

In February, 2020, BASF acquired Solvay’s Polyamide business for US $ 1.436 billion. This acquisition will help BASF to broaden its engineered plastics solutions to a wider portfolio. The acquisition also broadened BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This facilitated BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility.

Key Takeaways

Asia-Pacific market held the largest share in the polyamide in electronic protection device market due to the rise in the need and demand for Electronic Protection Devices (EPD) in the building and construction sector in countries like India, China and South Korea.

The increase in the use of polyphthalamide in various key use industries, due to their resistance and durability properties is one of the factors driving the growth of polyamide in electronic protection device industry.

According to the JEITA report 2020, in its October 2020 World Economic Outlook, the IMF forecast that the real economic growth rate would tumble to minus 4.4% in 2020 but bounce back to 5.2% in 2021.

The covid-19 pandemic has affected the polyamide in electronic protection device industry in many ways such as disruption of production and global supply chain.

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https://www.industryarc.com/Report/15881/polyamide-imide-resins-market.html

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https://www.industryarc.com/Report/16096/polyamide-6-market.html

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#Polyamide In Electronic Protection Device Market #Polyamide In Electronic Protection Device Market share Polyamide In Electronic Protection Device Market size

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marketwire · 2 years

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Polyamide in Electronic Protection Device Market Size Estimated to Reach $613.2 Million by 2026

COVID-19 impact

Polyamide in Electronic Protection Device Market Segment Analysis - By Product Type

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Polyamide in Electronic Protection Device Market Segment Analysis - By Type

Polyamide in Electronic Protection Device Market Segment Analysis - By Application

Polyamide in Electronic Protection Device Market Segment Analysis - By Geography

Polyamide In Electronic Protection Device Market Drivers

Surging Demand from electrical and electronics industry

Technological advancements in electronic protection devices

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Polyamide in Electronic Protection Device Market Challenges

Availability of other substitutes for polyamide

Market Landscape

Acquisitions/Technology Launches

Key Takeaways

According to the JEITA report 2020, in its October 2020 World Economic Outlook, the IMF forecast that the real economic growth rate would tumble to minus 4.4% in 2020 but bounce back to 5.2% in 2021.

The covid-19 pandemic has affected the polyamide in electronic protection device industry in many ways such as disruption of production and global supply chain.

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#Polyamide in Electronic Protection Device Market #Polyamide in Electronic Protection Device Market share #Polyamide in Electronic Protection Device Market size

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xyz35569 · 2 years

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“Automotive Coil Spring Market ”gives detailed outlook by Type, by Application, by Segmentation and Regional Forecasts.

#Automotive Coil Spring Market statistics Automotive Coil Spring Market development Automotive Coil Spring Market growth

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thetejasamale · 2 years

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3d Printing Filament Market Growth | Size, Share, Trends, Demand, Segments, Key Player profile and Regional Analysis by 2030

According to the MRFR analysis, the Global 3D Printing Filament Market size was valued at more than USD 2 billion in 2018 and is expected to reach over USD 8 Billion by the end of 2025 at a CAGR of 23.7%.

3D printing filaments are used to manufacture various 3D components for its application in the end-use industries. Its high strength, toughness, and flexibility have increased its use in aerospace, automobile, and healthcare industries. Some of the primary factors favoring the market growth for the 3D printing filament are increasing automobile production, growing adoption of renewable sources, and surge in demand for high-performance medical devices across the globe.

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Pricing and Regulatory Analysis

In 2018, the price of PVA filament which is one of the fastest-growing segments in the global 3d printing filament market varied from USD 4.15–4.40 per kilotons, which is witnessing an upward trend. The trend is likely to continue during the forecast period owing to fluctuating raw material prices.

The stringent safety standards regarding 3D printing of medical devices are expected to favor the demand for 3D printing filament during the review period. Some of the standards are the British Standards Institution – BS ISO/ASTM 52910:2018, European Journal of Risk Regulation 8 (2). pp. 441-447. ISSN 1867-299X, Food and Drug Administration – 21 CFR 820.75(b), and The European Union – MDR 2017/745.

SEGMENTATION

By Material Type

Acrylonitrile Butadiene Styrene (ABS): ABS segment held the largest market share of 3% in 2018 and is expected to dominate the market during the forecast period which is attributed to the increasing demand for renewable plastic solutions coupled with its properties which allows ABS to be implemented into shock-absorbing parts in various end-use industries.

Polylactic Acid (PLA): It is projected to be one of the fastest-growing segments in the global market during the review period, owing to its biodegradable eco-friendly property and lightweight.

Polyvinyl Alcohol (PVA): PVA is widely used as support material and is water-soluble which makes it one of the unique materials for filament.

Polyethylene terephthalate (PET): PET filaments due to its waterproof properties are used across the food and beverage industry.

Sandstone: Sandstone filament provides a ceramic or sandstone look to various parts and components. It provides an aesthetic look to the objects.

Nylon: Nylon filaments are durable, versatile, and strong material. They offer a bright and translucent surface, which absorbs the color post-printing process.

Carbon Fiber: Carbon fiber filaments pose high stiffness and strength while offering lightweight property and dimensional stability. 3D printed carbon fiber parts are 8 times stronger than ABS which makes it the second-largest segment of the global 3d printing filament market.

Others: The other segment of the global 3D printing filament market includes wood, PETG, magnetic iron PLA, PETT, flexible/TPE, amphora, and conductive PLA, among others.

By End-Use Industry

Aerospace & Defense: This segment is expected to dominate the market throughout the forecast period. The rise in the production of commercial and military aircraft is fueling the growth of the segment. The segment accounted for the largest market share in 2018 over 30% due to the rapid shift in engineering design and manufacturing process of defense and commercial aircraft across various industries.

Healthcare: The increase in the development of precision medical devices is fueling the demand for 3D printing filament in the segment.

Automotive: It is the fastest-growing segment owing to the increasing focus on renewable and lightweight material in the sector.

Electrical & Electronics: The increasing demand for consumer electronics and portable devices is growing the demand for 3D printing filament in the electronics sector.

Others: The other segment includes consumer goods, construction, energy, food & beverage, and packaging, among others.

Access Report Details @ https://www.marketresearchfuture.com/reports/3d-printing-filament-market-8427

By Region

North America: Market growth is driven by the demand in the aerospace industry.

Europe: A well-established market.

Asia-Pacific: The largest and fastest-growing regional market.

Latin America: A small but growing automotive industry is fueling the demand for 3D printing filament in Latin America.

Middle East & Africa: Increasing number of automotive industries is expected to fuel the demand for 3d printing filament market in the region.

#3d Printing Filament Market Growth

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industryarcresearch · 2 years

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Polymer Bearing Market Size Forecast to Reach $12 Billion by 2025

Polymer Bearing Market size is forecast to reach $12 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. This growth is mainly due to the rising demand in the Asia-Pacific region for polymer bearings. The growth of the global polymer bearing market is further driven by the growing applicability of polymer bearings in the automotive, medical & pharmaceutical, textile, food processing, chemical, office products and semiconductor industries. For use on metal surfaces, polymer bearings are preferred. Over other common bearing materials, polymers offer many advantages. Polymer bearings are resistant to corrosion and chemicals. Such bearings do not transfer heat to other mechanical assembly areas because they are self-lubricating, thus eliminating the risk of failure due to lack of maintenance. Therefore, these factors are driving polymer bearing market growth.

Polymer Bearing Market Segment Analysis - Type of Material

The phenolics material type segment held the largest share in the polymer bearing market in 2019, Due to the growing demand from various end-use industries such as automotive, textiles, food packaging, and semiconductors for phenolic polymer bearings. Phenolic polymer bearings possess properties such as outstanding strength and shock resistance, along with water, acid, alkali solutions resistance. Phenolic polymeric materials serve as self-lubricating materials and in various applications, thus, replacing metal bearings. In heavily loaded systems, they are useful for providing the necessary amount of cooling and clearance. Therefore, owning to the aforementioned properties phenolic material type dominated the market.

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Polymer Bearing Market Segment Analysis - End Use Industry

Automotive sector held the largest share in the polymer bearing market in 2019 and is growing at a CAGR of 4.8% during the forecast period. Due to their properties, such as lightweight, low maintenance, lubrication-free, corrosion & chemical resistant, and high wear & tear resistant, polymer bearings are commonly used in the automotive industry. In this industry, polymer bearings are used to make belt tensioners, centre armrests, pedal systems, gear actuator, steering systems, stub axels, and seating systems. According to OICA, in 2018 the production of light commercial vehicles and heavy trucks increased by 5.9% and 3.5% from 2017. In addition, according to International Energy Agency, in 2018, 3.29 million electric vehicles deployed globally and the number will increase up to 125 million by 2030. This will further support market growth.

Polymer Bearing Market Segment Analysis - Geography

Asia-Pacific held the largest share in the polymer bearing market in 2019 up to 30%, due to increase in demand for polymer bearings in this region from various end-use industries such as automotive, textile, food processing, medical & pharmaceutical, packaging, and chemical. According to OICA, automotive production in countries such as India, Indonesia, and Malaysia have increased by 8%, 10.3% and 12.2% up to 5,174,645, 1,343,714 and 402,085 from 2017. According to the China Association of Automobile Manufacturers, over 27 million vehicles were sold in 2018. In 2017, according to the International Trade Administration (ITA), 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market, an increase of 0.9% from 2016. Polymer bearing is used for windshield wipers, shock absorbers, brakes, shafts, doors, gear boxes, engine compartments, angle transmitters, and pedals in the automotive industry. Therefore, growth in automotive production is driving polymer bearing market growth in this region. In addition, the easy availability of raw materials and labor is further anticipated to drive the growth of the Asia-Pacific polymer bearing market.

Polymer Bearing Market Drivers

Increasing demand from automotive industry

The market for polymer bearings is mainly driven by demand from the automotive industry, especially in the manufacturing of vehicles, in order to reduce weight, noise and avoid corrosion. Due to their corrosive and chemical-resistant properties, they are usually applied on the metal surface and probably on other common bearing materials. Because of its auto-lubricate properties, polymer bearing limits the transfer of heat and decreases the chances of failure due to low maintenance. Polymer bearings, relative to metal bearings, are better alternatives for economic growth and are 70 to 80% lighter compared to other metals and thus are commonly used in the automotive sector. According to the International Trade Administration (ITA), China is the world’s largest vehicle market. The Chinese government is expecting that the automobile output will reach 35 million by 2025. This will further support market growth.

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Polymer Bearing Market Challenges

Stringent regulation and low thermal conductivity

The stringent government regulations relating to their use in the food packaging and processing industries, however have limited further expansion of the polymer bearings industry. In addition, fluctuating raw material prices can limit the profitability of the industry, thereby affecting the price trend of polymer bearings. Furthermore, low thermal conductivity phenolic bearings due to friction that requires continuous water feed or lubricating oil to cut down heat may also hamper the market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polymer Bearing Market. In 2019, the market of Polymer Bearing Market has been consolidated by the top five players accounting for the share. Major players in the Polymer Bearing market includes SKF, Boston Gear LLC, IGUS Inc., Saint-Gobain S.A., and BNL Ltd. Other major companies include Oiles Corporation, KMS Bearings, Inc., Dotmar Engineering Plastic Products, among others.

Key Takeaways

Asia Pacific dominates the polymer bearing market, owning to increasing demand from automotive industry. According to OICA, in 2018 the production of light commercial vehicles has increased by 10.2 % in the APAC region.

In addition, compared to metal bearings, polymer bearings are economical, which makes them a positive option. Due to their non-conductive and corrosion resistant properties, polymers are resistant to acid, alkali, wax and solvents.

Strict government rules & regulations relating to the use of polymer bearings in the food processing and packaging industries are one of the major constraints limiting the growth of the global polymer bearing market.

However, operations in various industries such as textile, automotive, and others is being significantly affected due to the COVID-19 epidemic, as most of countries have issued “stay at home guidance” i.e., lockdown. And it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021. This is limiting polymer bearing market growth.

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#PolymerBearingMarket

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researchvishal · 1 year

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Automotive Suspension Systems Market Research, Segmentation, Key Players Analysis & Forecast By 2032

The global automotive suspension systems market is skyrocketing and is to be valued at US$ 62 Billion in 2022, forecast to grow at a stable CAGR of 4.36% to be valued at US$ 95 Billion from 2022 to 2032. Increasing urbanization, technical advances, and shift in purchasing habits are all contributing to the expansion of the automotive sector. Meticulous research and developments are assisting in updating the present automotive suspension systems in order to improve the ride quality and road holding capabilities of the vehicle.

Automotive suspension systems are an important component of modern vehicles that help to ensure a comfortable and safe ride. Here are some details about automotive suspension systems. The purpose of the suspension system is to absorb shock and maintain vehicle stability while driving on uneven road surfaces. It provides a smooth ride and helps to keep the vehicle's wheels in contact with the road. The suspension system plays a critical role in vehicle safety. A worn-out or damaged suspension system can cause the vehicle to handle poorly and increase the risk of accidents. It's essential to keep the suspension system in good condition to ensure safe driving.

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Key Takeaways

For more detailed information: https://www.futuremarketinsights.com/reports/automotive-suspension-systems-market

Competitive Landscape

More Insights into the Automotive Suspension Systems Market

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techsciresearch · 3 years

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Global Tire Valve Pin Market to be dominated by Asia-pacific region till 2026

Rise in the average life of vehicles and the growing miles driven per year is expected to drive the demand of the global tire valve pin market for the forecast period.

According to TechSci Research report, “Tire Valve Pin Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Vehicle Type (Two-Wheler, Passenger, LCV, M&HCV, OTR), By Demand Category (OEM vs Replacement) and By Region”, the global tire valve pin market is expected to witness a growth of steady CAGR for the forecast period, 2022-2026. Tires are considered a vital part of an automobile. They help the movement of the vehicle by acting as a medium between the road and the vehicle. Tires perform several functions including absorbing the shock, supporting the weight of the vehicle, maintaining, or changing direction, among other functions, and therefore require maintenance for proper functioning. Tire valve pins are used to maintain the tire pressure in automobiles. Valves can be fitted into the vehicle either in the vertical or horizontal position. The horizontal valve alignment is mostly preferred by the tire manufacturers as the valve fitted into the vertical axis when in high speed are likely to experience pressure loss and therefore allow the air to escape. Tire manufacturing industries are expected to witness substantial growth in the forecast period due to the growing automotive industry and the rise in the collaborations between the market players. The use of a tire valve pin helps to maintain the required pressure in the tires required for the efficient functioning of the vehicle. The growing distance traveled by the automobiles and the driving along with the condition of the road directly impact the tire valve pin state. The tire valve pin needs to be replaced on a periodic basis to prevent any case of mishappening or the occurrence of road accidents. The surging concerns towards the maintenance and safety of automobiles and the presence of supportive government policies ensuring the safety of the passenger are creating the demand for high-quality tire valve pins to be fitted into the automobiles.

However, the volatile price of the raw material may retrain the global tire valve pin market growth for the forecast period.

Browse XX Figures spread through 110 Pages and an in-depth TOC on "Global Tire Valve Pin Market”.

https://www.techsciresearch.com/report/tire-valve-pin-market/7861.html

Global tire valve pin market is segmented into vehicle type, demand category, regional distribution, and company. Based on the demand category, the market can be bifurcated into OEM and replacement. The replacement category is expected to account for major market share for the forecast period, 2022-2026. With passing time, the rubber deteriorates, and the tire valve pin needs to be inspected and replaced. The replacement category is more affordable than the OEM-based products and therefore, is preferred majorly for changing the tire valve pin in automobiles. These are also readily available in the stores and through the online channels which are also influencing the demand for the replacement tire valve pin. Based on vehicle type, the market is divided into two-wheeler, passenger, LCV, M&HCV, and OTR. The passenger segment is expected to dominate the global tire valve pin market for the next five years. Passenger cars are the most common mode of transportation in the developed countries and the demand in developing countries is also increasing due to the adoption of higher living standards. The high demand for passenger cars owing to the rise in disposable income and the growing preference for vehicle ownership of consumers for enhanced convenience and comfort. Financial institutions are providing financial assistance to the people for making them afford cars. The surge in leisure and tour activities is increasing the demand for special utility vehicles.

PENTECHl INC, Taylor Valve Technology, Inc., Riel Equipment Ltd., Siemens AG, Sensata Technologies, Inc are the leading players operating in global tire valve pin market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several tire valve pin manufacturers are coming up with their technologically advanced offerings.

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Customers can also request for 10% free customization on this report.

“With the growing technological advancements in the tire industry such as the introduction of green tires, and the use of lightweight elastomers like carbon fibers, manganese bronze, among others is fueling the demand of tire around the globe. The leading tire OEMs are using nanotechnology, automation to increase the profitability and productivity in the manufacturing units. The tire valve pin wears down easily and the growing tire industry and need for timely replacement of the valve pin to ensure the safety of the riders is expected to propel the global tire valve pin market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Tire Valve Pin Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Vehicle Type (Two-Wheler, Passenger, LCV, M&HCV, OTR), By Demand Category (OEM vs Replacement) and By Region” has evaluated the future growth potential of global tire valve pin market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global tire valve pin market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Web: https://www.techsciresearch.com/

#Global Tire Valve Pin Market #Global Tire Valve Pin

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rohit890 · 3 years

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Global Blowing Agents Market global industry size, growth, emerging trends and business opportunities

Market Overview

Blowing agents are light in weight, heat insulation, and electrical induction chemical substances that are used to generate the gas that is used in expanding of plastics, rubber, and ceramics to create foam. The global blowing agents are expected to witness substantial growth owing to increasing demand from end-use industries such as construction, packaging, and automotive. The product is primarily used in the aforementioned end-use industries as adhesives, exhibiting superior properties including improved acoustics, heat & electric insulation, elasticity, and lightweight.

Blowing agents are widely used across a number of application in the construction industry including acoustics, heat & electric insulation, and shock absorbers. Furthermore, rising infrastructure development in Asia Pacific coupled with supportive government initiatives, in emerging economies such as India, is fueling growth of the market.

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Market Dynamics

Demand for blowing agent products by the automobile industry, is rapidly rising due to the weight reduction property of the agents that are useful for acoustic application. As the demand for products of the automobile industry is increasing, the demand for light is a major factor fueling market growth. The global automobile industry produced over 90 million cars and commercial vehicles in 2015, which is expected to increase significantly over the following five years owing to strong indicators in Asia Pacific. These trends coupled with rising efforts to improve fuel efficiency by reducing the overall weight of automobiles, is expected to have a positive impact on growth.

The market is segmented on the basis of product type into hydrochlorofluorocarbons (HCFC), hydrofluorocarbons (HFC), and hydrocarbons. Hydrofluorocarbons accounted for the largest share in the market, owing to its low ozone depletion potential. Furthermore, stringent regulations barring the use of HCFC, in 2003 EPA issued baseline for production and import of HCFC-22 and HCFC-142b. Moreover, the UK government made it mandatory to recover and recycle the HCFC used in the refrigeration unit. Owing to its contribution towards ozone depletion coupled with a potential phase out in the near future, HCFC is expected to have a positive impact on eco-friendly blowing agents over the forecast period. However, phasing out of HCFC results in high technology shifting costs, which is expected to restrain market growth to a certain extent. which boosts the agriculture output. These factors are supporting the growth of the agrochemicals market.

The market is segmented on the basis of foam type into polyurethane, polystyrene, phenolic, and polyolefin. Polyurethane segment hold a dominant position in the market, owing to its wide application scope in an array of industries such as automotive industry for manufacturing seats, insulation, gaskets, seal, and bushing. Moreover, it is used in flooring in the construction industry and also to seal boat hulls from water in the marine industry. This is mainly attributed to its superior insulating and shock absorbent properties.

Rapid growth of the economy and population in the Asia Pacific region, has led to an increase in urbanization and industrialization. The polyurethane foam is expected to witness substantial demand in this region, due to a rise in the application scope in automobile and construction industries. Furthermore, core application industries growing at a substantial pace particularly in India, Indonesia, and Vietnam is expected to drive growth over the forecast period. In addition, increasing foreign direct investment in the region primarily due to high market potential, as well as low labor and land cost is likely to propel growth of the blowing agents market, over the next few years.

This trend is primarily witnessed in Asia Pacific, which is one of the major producers of blowing agents. Furthermore, the industry comprises of leading players with global presence including DuPont, Arkema S.A., Honeywell International Inc., Solvay S.A., Foam Supplies, Inc., AkzoNobel NV, Haltermann GmbH, Linde AG, Americhem, and HARP International Ltd.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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bloggings-posts · 3 years

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Automobile Shock Absorber Market Report - Size, Demands, Cost Structures, Latest trends and Forecast 2028

Automobile Shock Absorber Market research study published by Profshare Market Research mainly focuses on the Covid 19 pandemic impact on market & its future outlook. Research study has extensively worked on supply-demand analysis which is important parameter in industry. Supplier analysis delivers very clear picture supply- demand scenario in the market.

Analytical tools used while developing research studies includes SWOT analysis, market sizing, Porter's 5 Forces model, PESTAL analysis. Opportunities and threat analysis has gain significant importance in recent years primarily due to dynamic nature of industry. Environment safety measure is covered in PESTAL analysis that informs clients about environment safety policies practicing by various countries globally.

Research study has taken 2018 as base year while market data for 2014-17 is considered as historic data. Precise analytical use of historic data is significant to calculate forecast value of market. Competitive intelligence in the study delivers exact information about key players previous & current business model that immensely helps user to develop their own business strategy.

Access Full Report @ https://www.profsharemarketresearch.com/automobile-shock-absorber-market/

In order to completely understand market analysis, study is segmented into below categories:

Product Types:

Hydraulic Type

Gas-filled Type

Application/ End User Analysis

Passenger Cars

Two Wheelers

Company Analysis

Motherson

ANAND Group

ITT INC

Tenneco Inc

Marelli Holdings Co.

Ltd

Meritor

Inc

Regional analysis

North America : USA, Mexico, Canada

Europe: UK, Germany, France, Spain, Italy, Netherlands & Rest of Europe

Asia Pacific : China, India, Japan, Singapore, South Korea & Oceania

Latin America : Brazil & Argentina

Middle East : UAE, Qatar, Israel.

Rest of the World.

Research study developed on Automobile Shock Absorber Market is very useful in order to gain complete insight of the market, some the key aspects included in the study are:

Market estimation

Forecast 2020-28

Growth drivers

Raw material & Supply analysis

End User & Application insight

Key player’s analysis

Import & Export scenario

Challenges & Opportunities

Current & emerging market trends.

Tenders & Pricing scenario.

Key Questions answered by the Automobile Shock Absorber Market Report:

What is the Base Year for Automobile Shock Absorber Market report?

What historical data is included in Automobile Shock Absorber Market Report?

Are Top companies in Automobile Shock Absorber Market are analysed in this report?

What are the regions analysed in Automobile Shock Absorber Market Report?

What are the main topics covered in the Automobile Shock Absorber Market Report ?

Is COVID 19 impact on the Automobile Shock Absorber Market included in the report ?

About Profshare:

Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organizations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.

To Know More About Us Visit :https://www.profsharemarketresearch.com/

Contact :

Kalyani D.

Profshare Market Research

[email protected]

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