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Tempered Glass Market : Future Growth and Challenges Analyzed

Tempered Glass: Introduction and Use

  • Tempered glass, also known as toughened glass, features more durability and higher strength than any other type of glass. The composition of tempered glass allows it to disintegrate into smaller granular chunks instead of fragment into small pieces. Typically, thermal and chemical processes are involved in the manufacture of tempered glass. Strength, thermal resistance, and safety are significant characteristics of tempered glass. As a result, tempered glass is gaining popularity in various applications.

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  • In a tempered glass, the tempering puts the outer surfaces into compression and the interior into tension. As a result, tempered glass does not splinter into jagged shards, but crumbles into small granular chunks when it gets broken. These smalssl granular chunks help prevent serious injuries and major accidents.
  • Tempered glass offers benefits such as high durability, better strength, and high safety. Therefore, it is widely used in various applications including passenger vehicle windows, shower doors, architectural glass doors and tables, refrigerator trays, and mobile screen protectors. It is also employed as a component of bulletproof glass. Furthermore, it is employed in diving masks. Tempered glass is also employed in various types of plates and cookware.
  • Tempered glass is widely used in various passenger vehicles. In the construction industry, tempered glass is used in interior and exterior elements of various structures, such as skylights, large windows, elevators, sliding doors, and windows, which extend close to the floor level. Tempered glass is also employed in swimming pools, doorways, and stairways due to its high strength and ability to ensure safety.

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Key Drivers and Restraints of Global Tempered Glass Market

  • Rise in consumer expenditure on interior designing is anticipated to be a major factor driving the tempered glass market. Growth in construction and automotive industries in emerging economies such as India, China, South Korea, and Indonesia is expected to boost the tempered glass market in the near future.

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  • Increase in demand for tempered glass in various end-use industries is also estimated to propel the market in the next few years. Similarly, growth in usage of tempered glass or toughened glass as a mobile accessory is expected to boost the tempered glass market during the forecast period.
  • Increase in usage of laminated glass as a substitute for tempered glass in the automotive industry due to its various beneficial features, such as anti-breakage and light weight properties, is anticipated to be a major factor hampering the tempered glass market in the near future.

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Tempered Glass Market: End-use Segment

  • In terms of end-use, the global tempered glass market can be segmented into automotive, building & construction, electrical & electronics, and others
  • The building & construction segment is expected to hold significant share of the global tempered glass market during the forecast period, owing to the rapid growth in usage of tempered glass in interior designing.

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Asia Pacific to be Key Region of Global Tempered Glass Market

  • In terms of region, the global tempered glass market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • The tempered glass market in Asia Pacific is likely to expand at a faster pace compared to that in other regions during the forecast period. It is projected to be closely followed by North America. Increase in construction expenditure in countries such as Singapore, India, and Australia is expected to boost the demand for tempered glass. Growth in the construction industry in Asia Pacific & Middle East and expansion of the building & construction industry in countries such as India, Brazil, Indonesia, Vietnam, and Argentina offer lucrative opportunities to manufacturers of tempered glass.

Key Manufacturers Operating in Global Tempered Glass Market

The global tempered glass market was highly fragmented in 2019. Major players have prominent presence in developing countries. Key manufacturers operating in the global tempered glass market include:

  • Asahi Glass, NSG Group
  • Press Glass SA
  • Tyneside Safety Glass
  • Fuyao Group
  • Guardian industries
  • Saint-Gobain SA
  • AFG Industries
  • NSG Group
  • PPG Industries
  • Cardinal FG
  • Pilkington Group Limited
  • AYG Coating Glass Co., Ltd.
  • Shanghai North Glass Technology & Industry Co., Ltd.
  • Abrisa Technologies
  • FUSO Glass
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Thermoplastic Polyurethane (TPU) Market Global Briefing

Global Thermoplastic Polyurethane (TPU) Market: Overview

Thermoplastic polyurethane refers to a highly versatile elastomer that comes with unique characteristics that offer flexibility in processing and superior performance as well. Thermoplastic polyurethane is considered an ideal polymer for use across a wide variety of applications in several end use segments, including specialty molded parts, film and sheet, footwear, adhesives, wire and cable, and compounding. Thermoplastic polyurethane has been offering several benefits to various end users, manufacturers, and designers for more than 60 years. The growing demand for the product is likely to drive the global thermoplastic polyurethane (TPU) market in the years to come.

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Thermoplastic polyurethane refers to an unusual type of plastic that bridges the gap between plastics and rubbers. The key to the versatility of thermoplastic polyurethane lies in its highly customized hardness. Thermoplastic polyurethane can be as rigid as hard plastics or as soft a rubber. It can be either colored or transparent.

Application, end use, and region are the three key parameters based on which the global thermoplastic polyurethane (TPU) market has been divided. The objective of such segmentation is to provide a clearer, 360-degree view of the market.

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Global Thermoplastic Polyurethane (TPU) Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global thermoplastic polyurethane (TPU) market is mentioned below:

  • In May 2019, The Lubrizol Corporation entered into a partnership with Netherlands-based Ultimaker, 3D printer manufacturing company. Following the partnership, the former is developing new grades of thermoplastic polyurethane for the printers of Ultimaker.

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  • This new thermoplastic polyurethane come with various features such as fast printing time and renewability. This strategic move is likely to diversify the product portfolio of thermoplastic polyurethane, which is estimated to expand its market reach as well..

Some well-known organizations in the global thermoplastic polyurethane (TPU) market include the below-mentioned:

  • The Lubrizol Corporation
  • Wanhua Industrial Group
  • Polyone Corporation
  • BASF SE
  • Kuraray Co., Ltd
  • Huntsman Corporation

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Global Thermoplastic Polyurethane (TPU) Market: Key Trends

The following drivers, restraints, and opportunities characterize the global thermoplastic polyurethane (TPU) market over the assessment period.

Growing Application in Diverse Industries to Shoot Up Demand

Thermoplastic polyurethane-based sealants and adhesives find use in a wide range of applications in various industries benefitting from their blend of features. Flexible sealing adhesion and temperature to several substrates make these adhesives ideal for use in many end use sectors, such as textile, transportation, footwear, and furniture. This factor is likely to encourage growth of the global thermoplastic polyurethane (TPU) market in the forthcoming years.

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Thermoplastic polyurethane-based adhesives come with certain properties, such as excellent final bond and high green strength. This has bolstered their demand in the automotive industry for the making of interior parts of automotives, such as instrument panel, door panel, attachment clip, and others. Thermoplastic polyurethane-based adhesives find extensive use in heat sealable fabrics, such as foam lamination and soft trim, in the automotive industry.

Thermoplastic polyurethane-based adhesives find extensive use in the furniture sector where it is utilized in the lamination of plastic films onto bathroom or kitchen furniture. These adhesives offer excellent bonding to plastics and wood. In addition, textile industry makes wide use of these adhesives to produce heat sealable fabrics. In addition, thermoplastic polyurethane-based adhesives find wide use in the footwear industry for the purpose of joining shoes parts. Such diverse applications of the product is estimated to support the expansion of the global thermoplastic polyurethane (TPU) market in the years to come.

Global Thermoplastic Polyurethane (TPU) Market: Geographical Analysis

In the global thermoplastic polyurethane (TPU) market, the Asia-Pacific region is estimated to account for a leading share. The growth of the market is ascribed to the rising demand for footwear and textile. A major demand for thermoplastic polyurethane-based adhesives for use in the footwear industry is likely to arise from India, China, and Thailand.

In addition, burgeoning demand for automotives in the Asia Pacific region due to rising disposable income is expected to drive the demand for thermoplastic polyurethane in the region.

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Recycled Carbon Fiber Market Perceive Robust Expansion by 2020-2030

Recycled Carbon Fiber Market: Overview

  • Recycled carbon fiber is an eco-friendly, economical substitute for virgin carbon fiber, which is often used in automotive and industrial applications. Recycled carbon fiber is commonly sourced from various dry fiber and pre-preg scrap. Recycled carbon fibers possess the same mechanical properties as those of virgin carbon fibers. They are ideally used in the manufacture of thermoplastics, non-wovens, and molding compounds.

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  • Recycling of carbon fibers offers benefits such as reduction in the quantity of materials entering landfills and cost savings of 30% for producers in comparison to new carbon fibers
  • In automotive applications, recycled carbon fibers are often used in the production of chassis panels, floors, roof panels, spare wheel wells, and boot or bonnet inners
  • In the railways sector, recycled carbon fibers are often used for reducing the weight of other ancillary parts; increasing the payload; and reducing damage caused to the infrastructure. Recycled carbon fibers are highly suitable for use in the railways sector so as to enhance the efficiency and fuel economy. In addition, recycled carbon fibers are employed to produce flat panel parts including floors, roof panels, and complex interior or exterior components.

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Key Drivers of Global Recycled Carbon Fiber Market

  • Growing number of legislations and environmental sustainability targets in the global automotive sector are projected to drive the global recycled carbon fiber market in the near future. The EU legislations have mandated that 85% portion of automotive vehicles should be made of recyclable materials.

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  • This has led to development of recycled carbon fibers in Europe. Moreover, the waste generated from carbon fibers can be recovered and transformed into new products, which makes recycled carbon fiber an ideal material for use in a wide range of industries. Furthermore, processing of recycled carbon fibers requires nearly 10% less energy than that required to manufacture virgin carbon fibers. This helps in fulfillment of legislative and sustainability targets.

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  • Nearly 30% of manufactured carbon fibers end up as waste. Carbon fibers is often regarded as a major contributor to solving global environmental issues. This helps in reducing a significant amount of carbon dioxide emissions over the lifecycle of products, which are made of carbon fibers. As a result, the demand for carbon fibers is projected to increase across a wide range of applications, including aircraft and automobile parts, in the next few years.
  • Low cost of recycled carbon fibers is expected to offer lucrative opportunities to the existing producers of virgin carbon fibers to move toward recycling of carbon fibers. For instance, ELG Carbon Fiber Ltd., a leading producer of recycled carbon fibers, offers recycled carbon fibers at nearly 40% less cost than industrial-grade virgin carbon fibers. Furthermore, the company operates the world’s first and largest carbon fiber recovery plant at Coseley, West Midlands in the U.K.

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Europe to Hold a Major Share of Global Recycled Carbon Fiber Market

  • Geographically, the global recycled carbon fibers market can be segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • In terms of consumption, Europe is expected to be the dominant region of the global recycled carbon fibers market. When a carbon fiber bonds to plastic polymer resin, a composite material is formed, which is strong, durable, and lightweight. Furthermore, at the time of manufacture of finished components from carbon fibers, more than 30% of produced carbon fibers end up as a waste. Thus, producers of carbon fibers are shifting toward production of recycled carbon fibers. Since composites are extensively employed in a range of applications in industries such as aerospace & defense, building & construction, automotive, and energy, the demand for recycled carbon fibers in Europe is expected to increase in the next few years. Furthermore, governments of various countries in Europe are highly focused on the use of eco-friendly products. This, in turn, is likely to increase the consumption of recycled carbon fibers in the region in the near future.
  • The recycled carbon fiber market in Latin America and Middle East & Africa is highly consolidated in nature, due to presence of a few producers in these regions. These regions rely on imports from developed nations to meet the domestic demand.

Key Players Operating in Global Recycled Carbon Fiber Market

Currently, the global recycled carbon fiber market is highly concentrated, with the top manufacturers accounting for a major market share. A few of the key players operating in the global recycled carbon fiber market are:

  • Vartega Inc.
  • Toray Industries Inc.
  • ELG Carbon Fiber Ltd.
  • SGL Carbon
  • Carbon Conversions Inc.
  • Carbon Fiber Recycling, Inc.
  • Shocker Composites LLC.
  • Procotex Corporation SA
  • Alpha Recyclage Composites
  • Carbon Fiber Remanufacturing
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Electrochromic Materials Market Will See Strong Expansion Through 2027

Electrochromic Materials Market: Highlights

  • Electrochromic materials undergo reversible changes in optical absorbance upon electrically induced oxidation and reduction. Devices comprising these materials require an initial electrical stimulus sufficient to induce a change in oxidation state, rather than a constant stimulus to sustain emission.

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  • Electrochromic materials can change their properties under the influence of an electrical voltage or current. Different classes of materials such as transition metal oxides, conjugated polymers, metal-coordinated complexes, and organic molecules exhibit this behavior. The color change is persistent; therefore, the electric field needs to be applied to initiate the switching, allowing for applications such as low-energy consumption displays, light-adapting mirrors in the automobile industry, and smart windows for which the amount of transmitted light and heat can be controlled.
  • Electrochromic materials are primarily used in applications such as automobile rearview mirrors, smart windows, displays, and defense

Key Drivers of Electrochromic Materials Market

  • Extensive growth in the automotive industry, particularly in Europe, is expected to drive the electrochromic materials market during the forecast period. Advancements in production and management systems have revolutionized the automobile industry over the last decade.
  • Increase in usage of electrochromic materials in various end-use industries is also propelling the electrochromic materials market

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Electrochromic Materials Market: Key Application Segment

  • Based on application, the global electrochromic materials market can be divided into automobile rearview mirrors, smart windows, displays, defense, and others
  • The automobile rearview mirrors segment is projected to account for significant share of the global electrochromic materials market by 2027. The segment is estimated to expand at a healthy pace during the forecast period.
  • The automotive industry in India produced 30,915,420 vehicles (including passenger vehicles, commercial vehicles, three wheelers, two wheelers, and quadricycles) in April–March 2019 as against 29,094,447 in April–March 2018, registering a growth of 6.26% over the same period in the last year. This increase in automotive production is estimated to boost the demand for electrochromic materials during the forecast period.
  • Expanding at a healthy growth rate, the smart window segment is projected to create significant incremental opportunity during the forecast period. Demand for electrochromic materials in other applications is likely to remain moderate to high across different regions in the near future.

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Asia Pacific to be Prominent Region of Electrochromic Materials Market

  • In terms of region, the global electrochromic materials market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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  • The electrochromic materials market in Asia Pacific is expected to expand continuously during the forecast period. It is anticipated to be followed by Europe. Growth in automotive and construction sectors in countries such as India and China has significantly boosted the market in Asia Pacific. Rise in concerns about energy savings and significant interest among consumers regarding adoption of new technologies, particularly in automotive and construction industries, are propelling the demand for smart materials in the region.
  • Increase in global concerns about environmental effects and growth in penetration of global manufacturers along with the innovative and high standard products are also driving the demand for smart materials in Asia Pacific. This, in turn, is augmenting the electrochromic materials market in the region.

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  • The electrochromic materials market in North America and Middle East & Africa is anticipated to expand at a sluggish pace during the forecast period.

Key Manufacturers in Market

The global electrochromic materials market was highly fragmented in 2018. Key manufacturers operating in the global market include:

  • GENTEX CORPORATION
  • Saint-Gobain
  • ChromoGenics
  • EControl-Glas GmbH & Co. KG
  • PPG Industries, Inc.
  • GSI Technologies
  • Ningbo Miro Electronic Technology
  • Zhuhai Kaivo Optoelectronic Technology
  • Changzhou Yapu Smart Variable Color Optics
  • Asahi Glass Co
  • Hitachi Chemical
  • Nikon Corp
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Mineral Flame Retardants Market Evolving Technology, Trends and Industry Analysis: 2027

Mineral Flame Retardants Market: Introduction

  • Commonly used mineral flame retardants are based on metal hydrates, especially aluminum and magnesium hydroxides. These are halogen-free and environmentally friendly, and offer favorable price/performance ratio.
  • Some other minerals also exhibit flame retarding effect. These are used in commercial applications as synergists. They enhance the performance of other flame retardants and offer specific effects such as suppression of smoke formation and increase in char formation. For instance, borates are used as mixture of boric acids and borax as flame retardants for cellulose.

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Key Drivers of Global Mineral Flame Retardants Market

  • The mineral flame retardants market is driven by the increase in government regulations on environment safety and usage of halogen-free flame retardants. Furthermore, growth in electrical & electronics and automotive industries is expected to boost the demand for mineral flame retardants.
  • Rise in consumer awareness regarding toxic emissions released by fire is driving the halogen-free mineral flame retardants market across the globe. Additionally, innovation and technology advancement to shift toward synergist blends as halogen-free flame retardants is anticipated to propel the demand for mineral flame retardants during the forecast period. Mineral flame retardants primarily act as additive flame retardants and do not become chemically attached to the surrounding system.

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Aluminum Trihydroxide Segment to Dominate Global Market

  • Aluminum trihydroxide is the widely used mineral flame retardant. It is inexpensive, and its mode of action is based on the endothermic process (i.e. release of water), which cools the polymer and dilutes the flame zone.
  • Aluminum trihydroxide flame retardants are available in the form of white powder. They are used for processing temperature up to about 210°C for wires and cables, thermoset resin-based electronic & electrical components, building materials, paints and varnishes, and paper and plaster with organic binder.

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  • Magnesium hydroxide flame retardants are employed for processing temperature up to about 310°C for wires and cables, polyamide resin-based electronic & electrical components, and building materials. Magnesium hydroxide powder is used as a mineral flame retardant for different types of plastics such as PVC, polypropylene, and polyethylene.

Growth of Building & Construction Industry to Drive Mineral Flame Retardants Market

  • The electrical & electronics industry is a leading consumer of mineral flame retardants, owing to the increase in regulations pertaining to fire safety for electric components and wires and cables
  • Demand for mineral flame retardants has been rising in automobiles due to the increase in government regulations to attain fire safety norms in automobiles.

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Asia Pacific to Hold Significant Share of Global Mineral Flame Retardants Market

  • In terms of region, the global mineral flame retardants market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global mineral flame retardants market in 2018, owing to the implementation of various regulations regarding fire safety of components used in the region. Furthermore, expansion in automotive and electrical & electronics industries in North America is expected to boost the consumption of mineral flame retardants in the region.
  • Asia Pacific is likely to offer lucrative opportunities to the market during the forecast period. Gowth in the industrial sector and rise in constructions activities in countries of Asia Pacific are anticipated to augment the consumption of mineral flame retardants in the region.
  • Growth in the automotive industry in Asia Pacific is projected to propel the demand for various plastic products. This, in turn, is likely to propel the demand for mineral flame retardants in the region.

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Key Players in Market

Major companies operating in the global mineral flame retardants market are focusing on innovation and technology advancement. Large numbers of companies are developing synergist compounds as flame retardants.

Key players operating in the global mineral flame retardants market include:

  • Clariant International Ltd.
  • Lanxess AG
  • Israel Chemicals Ltd.
  • Albemarle Corporation
  • Nabaltech AG
  • Chemtura Corporation Ltd.
  • BASF SE
  • Akzo Nobel
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India Essential Oils Market is anticipated to expand at a CAGR of ~4% from 2020 to 2030

India Essential Oils Market: Introduction

In terms of value, the India essential oils market is anticipated to expand at a CAGR of ~4% from 2020 to 2030. Growing trend of adoption of ayurvedic products and rising demand for natural personal care products in India are factors driving the essential oils market in the country. Growth of the organic cosmetics & homecare products industry in India would create lucrative opportunities for the essential oils market in the country in the near future. Rising awareness about benefits offered by natural ingredients boosts their adoption, which drives usage of essential oils in various applications. Therapeutic benefits offered by essential oils are anticipated to drive the demand for these oils in India during the forecast period.

Increase in the consumption of essential oil as natural preservatives is anticipated to boost the essential oils market in India during the forecast period. Moreover, increasing consumption of essential oils in various applications, including food & beverages, cosmetics, homecare products, and pharmaceuticals drives the market in the country. Rising regulations on the usage of chemical-based essential oils are estimated to drive the market for essential oils in India in the next few years.

Volatile Prices of Raw Materials to Hamper Market in India

High prices of essential oils restrain the essential oils market in India. Insufficient production of raw materials and unavailability of these materials in enough quantity raise their prices. Volatile prices of raw material led by their irregular supply are projected to hamper the essential oils market in India during the forecast period.

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Low supply of raw materials puts burden on the essential oils market in India. Changing climatic conditions may result in poor harvesting. Additionally, availability of low-cost chemical-based substitutes also hampers the essential oils market in the country. Adulteration, residues of solvents and pesticides, and microbial contaminations are other factors hindering the essential oils market in India.

Lack of quality management and advanced procurement facilities is a key factor responsible for quality degradation. Deficiency in quality and purity management is another major restraint of the essential oils market in India.

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Cornmint Oil to Dominate India Essential Oils Market

In terms of product, the India essential oils market has been divided into citrus oil, eucalyptus oil, clove oil, peppermint oil, basil oil, cornmint oil, spearmint oil, sandal wood oil, and others. Among these, the cornmint oil segment dominated the India essential oils market, in terms of volume and revenue, in 2019. The citrus oil segment is expected to be highly lucrative from 2020 to 2030.

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Cornmint oil is widely used to manufacture various types of products including food, beverages, confectionery items, dental care products, homecare products, and cosmetics. Citrus oil is beneficial for digestion and to boost energy.

Food & Beverages to Be Key Application

Based on application, the India essential oils market has been segregated into food & beverages, pharmaceutical, cosmetics & toiletries, aromatherapy, homecare products, fragrances, and others. Among applications, the food & beverages segment held a major share of the India essential oils market in 2019. It is anticipated to continue to dominate the market in the country from 2020 to 2030.

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North to be a Lucrative Zone of India Essential Oils Market

Based on zone, the India essential oils market has been classified into east, west, north, and south. The essential oils market in India is projected to expand at a CAGR of more than 4%, in terms of value, during the forecast period. The market in the country is expected to offer significant opportunities to manufacturers of essential oils during the forecast period. India is a major manufacturer and consumer of essential oils. The west zone segment dominated the India essential oils market in 2019. The north zone segment is anticipated to expand at the maximum CAGR during the forecast period.

Competition Landscape

The India essential oils market was highly fragmented, with various small- and medium-scale manufacturers operating in the market in 2019. West zone has been a lucrative market for essential oils in India over the last few years. Leading market players have taken initiatives to expand their presence in the market in the country through new product launches and strategic partnerships with suppliers and distributors.

Key manufacturers operating in India essential oils market Bo International, Kanta Enterprises Private Limited, Falcon Essential Oils, Indian Aroma Exports, India Essential Oils, Shiv Sales Corporation, AG Industries, BMV Fragrances Pvt. Ltd., Moksha Lifestyle Products, Kush Aroma Exports, and Veda Oils.

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Commercial Roofing Materials Market Trends, Forecast 2024

Global Commercial Roofing Materials Market: Overview

Clash between the major companies of commercial roofing materials defines an important characteristics of the global commercial roofing materials market, reports Transparency Market Research (TMR) in their report. The major players in the market are GAF, Tamko Building Products Inc., and Firestone Building Products Co., are challenging each other on the basis of price difference and product innovation in order to mark a strong foot print in the global commercial roofing materials market. The market study suggests that these players will focus more on research and development to fortify their standing across the world.

On the basis of revenue, the commercial roofing materials market is predicted to reach US$10.38 bn by 2024. The market is expected to exhibit a 3.6% CAGR during the forecast. On the basis of geography, the global commercial roofing materials market is particularly dominated by North America over the last years. This region is expected to go-slow in the pace of growth in future as the market gets matured. Asia pacific region is expected to surface as a lucrative regional market in the coming future. Fast paced construction activities is expected to fuel the rise of the market in the Asia Pacific region. Latin America is also expected to attract a slew of leading manufacturers in the commercial roofing materials market.

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Construction boom positively impact the market

According to a TMR analyst, the exponential rise in the valuation of the global commercial roofing materials market is caused by the surge in construction boom all over the world. It has been duly noted that renovation and restoration of old buildings and monuments is helping the market to grow. The market based on building type is divided into step sloped roofing and low sloped roofing. Low sloped roofing held a major portion in the market in the past and is predicted to continue so in the future.

Based on the material type, the commercial roofing materials market is classified into modified bitumen materials, single ply products, metal and collective segment of minority materials, spray polyurethane foam, and built-up roofing. Modified bitumen materials has dominated amongst others in this segment in the recent years. Single-ply products are sub divided into thermoplastic polyolefine, polyvinyl chloride, and ethylene propylene diene monomer.

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High Cost in Installation Likely To Stall the Market Growth

Renovation and restoration activities which are witnessed more by the developed countries would help of provide more favorable chances for the growth in the market. The increase in use of single ply products is also expected to aid the growth of the market in the years to come, studies the report. On the other hand high cost suffered while installing the commercial roof is probably going to burn the pockets of the builders. This is expected to stall the growth of the global commercial roofing materials market in the future. It has also been noted that uneven lifespan of different materials is expected to play an important role in bringing down the market, states the report.

The review is based on a report by Transparency Market Research (TMR), titled “Commercial Roofing Materials Market (Building Type – Low Sloped Roofing and Steep Sloped Roofing; Materials – Single-ply Products, Modified Bitumen Materials, Spray Polyurethane Foam (SPF), Built-up Roofing (BUR), and Metals) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

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The global market for commercial roofing materials is segmented into:

By Building Type

  • Low Sloped Roofing
  • Steep Sloped Roofing

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Structured Cabling Market 2020 Detailed Study Analysis with Forecast by 2026

According to a new market research report published by Transparency Market Research titled Structured Cabling Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ the global structured cabling market is projected to expand at a CAGR of 7.2% during the forecast period. According to the report, the market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years.

Increasing demand for high bandwidth and expansion and modernization of communication infrastructure fueled by economic growth have driven the global structured cabling market.

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structured cabling industry

Growth of IT & telecommunication industry to boost structured cabling market

IT & telecommunication is expected to continue to be the leading segment of the global structured cabling market during the forecast period, due to growing need to facilitate rapid communication and optimized energy consumption. The segment is projected to expand at the maximum CAGR of 7.3% during the forecast period. Recently, different enterprises have taken initiatives to expand and modernize their communication infrastructure. The industrial end-user segment is expected to expand at a significant CAGR throughout the forecast period, due to increasing penetration of portable computing devices and rising dependency on cloud applications.

North America to continue to hold a leading share of the global market

In terms of revenue, North America accounted for the leading share of the global market in 2017, due to concentration of major manufacturers and growth of the IT & telecom industry in the region. Furthermore, the large number of wire and cable shipments to electric utilities in the region is boosting the structured cabling market in North America. The U.S. held a leading share of the North America market in 2017. The market in the country is estimated to expand at the maximum CAGR of 7.2% during the forecast period.  Rapid growth of the logistics & transportation sector in several countries of Europe is fueling the market in the region. The market in Europe is likely to register a significant CAGR during the forecast period. Rest of Europe held a leading share of the structured cabling market in Europe in 2017.

Demand for structured cabling in Asia Pacific is likely to remain concentrated in China and Japan, due to rapid growth of the IT industry and increasing government expenditure on infrastructure development in these countries. The market in India is estimated to expand at the maximum CAGR during the forecast period, due to rapid pace of urbanization and increasing construction of residential and commercial buildings in the country. Increasing initiatives for infrastructure development in Middle East & Africa have promoted growth of several ancillary industries in the region including the structured cabling market. The market in GCC is expected to expand at the maximum CAGR during the forecast period, due to high demand for mechanical and electric components in the sub-region. Brazil is expected to hold a significant share of the structured cabling market in South America throughout the forecast period.

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The company profiling of key players operating in the global structured cabling market includes company overview, major business strategies adopted, SWOT analysis, and revenues for years from 2015 to 2017. Major players profiled in the report on the global structured cabling market are ABB Ltd., The Cabling Company Group, Belden Inc., CommScope Corning, Inc., Dätwyler Cabling Solutions AG, Legrand, Nexans, Schneider Electric SE, and TE Connectivity Ltd. Several players are introducing technologically advanced products and entering into partnerships with other players owing to the increasing need for infrastructure development.

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Smart Power Distribution Systems Market 2020 Detailed Study Analysis with Forecast by 2026

Increasing developments of grid infrastructure, rising demand for integration of renewable energy sources, improved grid reliability, and efficient outage response have increased the penetration of smart power distribution systems, globally. Adoption of smart power distribution solution by utilities is rising due to the increasing need for savings in capital expenditure (CapEx) and operational expenditure (OpEx). Increasing consumer demand for high speed data networks for reliable connectivity and mobility has fueled the demand for smart power distribution systems solutions. Numerous advancements in the networking industry and various benefits provided by automation technologies are expected to boost the demand for smart power distribution systems solutions.

smart-power-distribution-systems-market.jpg

Advanced Metering Infrastructure Segment to Remain Most Lucrative

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The advanced metering infrastructure segment is expected to hold a major share of the global market, during the forecast period due to the rising adoption of AMI meters in order to increase operational efficiencies and customer service. Furthermore, a large number of utilities are rapidly installing AMI meters in order to generate more accurate bills and automatically and wirelessly send actual energy usage to the consumer, which in turn has boosted the advanced metering infrastructure segment across different regions of the world. Consumers are rapidly adopting various smart grid solutions, as smart grid solutions allow electrical appliances to be automatically controlled and also reduce the overall cost of electricity.

The software segment is expected to dominate during the forecast period due to the increasing implementation of various advanced automated software in order to manage the rising power consumption, power outages, fault detection, and power theft. Software allows utilities to reduce the overall production costs by eliminating human errors. The software segment is projected to expand at a high CAGR of 14.9% during the forecast period, as several countries across the globe are focusing on developing and refining grid infrastructure, including advanced metering, distribute on automation, substation automation, ubiquitous communications networks, micro grids and DER integration. The industrial segment is expected to expand at a significant CAGR during the forecast period. Factors such as a large number of oil & gas industries and continuous technological advancements are boosting the industrial segment.

Europe and North America to Continue to Hold Significant Share in Overall Market

In terms of revenue, North America held a major share of the global market in 2017 due to numerous technological advancements and presence of a large number of grid automation solution providers in the region. Power grid solutions and services providers in North America are collaborating with each other and focusing on offering various advanced technology solutions to the consumers owing to the rise in the usage of power in the region. In North America, a large number of utilities are increasingly investing in smart grid technologies in order to improve operational efficiency and customer service. In 2016, investor-owned electric companies in the U.S. invested about US$ 53 Bn in the energy grid, US$ 21 Bn in the transmission grid, and US$ 32 Bn in the distribution grid. Furthermore, the presence of smart grid solutions giants and various technological advancements are helping the market in North America to generate significant revenues. The U.S. held a prominent share of the market in the region in 2017. The market in North America is estimated to expand at a prominent CAGR during the forecast period. In February 2017, the U.S. proposed grid infrastructure investment up to US$ 1 trillion in order to improve the power distribution infrastructure and customer interaction such as home energy management systems and regular online interaction with their energy data. The market in North America is estimated to expand at a significant CAGR of 15.2% during the forecast period. In Europe, several utilities are collaborating with smart grid providers in order to deliver efficient, reliable, and affordable energy to consumers. The market in Europe  is likely to expand at a significant CAGR during the forecast period. The U.K. accounted for a major share of the smart power distribution systems market in Europe in 2017. In the U.K., smart meters are being deployed across a wide range of industries.

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Demand for smart power distribution solutions in APAC is likely to remain concentrated in China and India, owing to a larger consumer base in these countries. The market in India is estimated to expand at a significant CAGR among the countries in Asia Pacific during the forecast period owing to the rising need to improve the grid infrastructure and reduce power outages. A majority of countries in APAC are still using traditional power distribution systems, which are expected to shift toward smart grid solutions. In Middle East & Africa (MEA), market players are increasing their investments in order to expand their physical presence. The market in the countries of the GCC is expected to expand at a significant CAGR during the forecast period owing to the increasing adoption of automation technologies and rising investment in smart city projects. Increasing IT spending and grid infrastructure development in South America, especially in Brazil are driving the regional smart power distribution systems market in the region. In terms of revenue, Brazil is expected to hold the significant share of the market in the region during the forecast period.

The company profiling of key players profiled in the global smart power distribution systems market includes company overview, major business strategies adopted, SWOT analysis, and market revenues for the years 2016 to 2018. The key players profiled in the global smart power distribution systems market include Cisco Systems Inc., General Electric Company, ABB Ltd., Siemens AG, Schneider Electric SE, Landis+Gyr AG, Itron Inc., Oracle Corporation, Eaton Corporation, Aclara Technologies LLC. Various players are establishing partnerships to provide various smart grid solutions on a large scale in order to reduce power outages across the world.

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Flexible Printed Circuit Board (FPCB) Market 2020 Detailed Study Analysis with Forecast by 2026

With the increasing demand for smartphones, tablets, LCD screens, and other consumer electronic products, the global market for flexile printed circuit boards (FPCBs) is observing a high-paced rise. The aviation and the defense industries are also emerging as key end users of these boards, which is likely to support the growth of this market in the years to come.

The opportunity in this market is expanding at a healthy CAGR of 11.80% between 2018 and 2026, increasing from US$13.51 bn in 2017 and rising to US$38.27 bn by the end of 2026. The increasing awareness about the advantages of FPCBs in comparison with rigid or conventional PCBs is also projected to fuel the demand for them over the forthcoming years.

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global flexible printed circuit board market

Multi-layer Flex Circuits to Report Strong Demand

The global market for flexile printed circuit boards is broadly analyzed on the basis of the type of the board and end user. Based on the type, the market is categorized into single sided flex circuits, double sided flex circuits, rigid flex circuits, and multi-layer flex circuits. Among these, the multi-layer flex circuits segment led the global market in 2017 with a share of 35.77% and is projected to remain on the top over the next few years.

By the application, the market is classified into the instrumentation and medical, computer and data storage, telecommunication, defense and aerospace, consumer electronics, automotive, and the industrial electronics sectors. The demand for FPCBs is comparatively higher in the consumer electronics industry and is expected to remain so in the near future.

Asia Pacific to Remain Dominant

The worldwide market for flexible printed circuit boards is also studied on the basis of the geography. North America (U.S, Canada, and Mexico), South America (Brazil and the Rest of South America), Europe (The U.K., Italy, France, Germany, and the Rest of Europe), Asia Pacific (Japan, China, India, South Korea, and the Rest of Asia Pacific), and the Middle East and Africa (the UAE, South Africa, and the Rest of Middle East and Africa) have surfaced as the key regional segments in this market.

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In 2017, Asia Pacific dominated the global market with a share of more than 56%. Researchers project this regional market to continue on the top in the years to come, thanks to the high-paced growth, fueled by the increasing demand for electronic products and the presence of a number of flexible printed circuit board manufacturers in this region.

Some of the leading players functional in the global market for flexible printed circuit boards are Career Technology (Mfg.) Co. Ltd., Flexcom Inc., Daeduck GDS., Fujikura Ltd., Sumitomo Electric Industries Ltd., Multi-Fineline Electronix Inc. (MFLEX), Interflex Co. Ltd, Nitto Denko Corp., NewFlex Technology Co. Ltd., and NOK Corp. These players have deep rivalry between them and the competition within this market is expected to intensify substantially in the years to come.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

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