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The global market for adiponitrile is expected to grow at a moderate CAGR of 4.5% during the forecast period (2019 to 2029) to reach a valuation of more than US$ 12 Bn.


The adiponitrile market is growing at a CAGR of around 4.5% through 2029, bolstered by a strong demand for polymer nylon 6-6, which finds widespread applications in the production of commodities such as electro-insulation, conveyor belts, and carpet fibers.


The adiponitrile market is also being supported by an upward trajectory in the Asia Pacific region, owing to the easier availability of low cost facilities for production.


The demand for nylon 6-6 is continuing to grow across United States and Europe, owing to its use as a popular resin in engineering applications.


This is particularly true in terms of the demand for tyre cords from the global automotive segment, which is generating a number of lucrative opportunities in the market for the near future. On the basis of this trend, the sales of adiponitrile are expected to surpass US$ 12 Bn by the end of 2029.


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Key Takeaways of Adiponitrile Market Study


Adiponitrile for nylon synthesis applications will hold control over 85% of the global adiponitrile market with a growth of 1.4 x through the forecast period, with a slower rate of growth.


Most end use applications for adiponitrile will be aimed towards the production of automotive components and materials, which will account for ~42% of the global market, necessitated by the high strength and temperature requirements of components such as plug parts, radiator housing, and hydraulic brakes.

 

 

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Light Tower Market to Expand 1.6X by 2030; Reduced Construction Activities during COVID-19 Pandemic Impeding Market Growth


In recent years, increasing popularity of solar light towers in North America and Europe has been significantly influencing the growth of the light tower market. Since 2017, oil prices have recovered to above US$ 70 per barrel from the previous low of US$ 40 per barrel, and have shown signs of steady improvement.


This, coupled with major production cuts from OPEC countries, has made the oil & gas industry an under-supplied market, creating even more demand for oil production. With increasing investments in the oil & gas industry, demand for light towers is set to rise over the coming years.


Installation of solar light towers and surge in the number of end-use industry platforms are opening up new avenues for the light tower market. According to a new Fact.MR study, the light tower market is poised to expand at a value CAGR of nearly 5% and account for revenue worth US$ 2 Bn by 2030-end.


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Key Takeaways from Global Light Tower Market Study


·         LED-based light towers are estimated to account for 52% share of total market revenue in 2020, and gain 730 BPS in their market share by 2030 over 2020.


·         Solar-powered light towers continue to influence the growth strategies of market players, which are expected to contribute revenue worth US$ 410 Mn in 2020 and US$ 700 Mn by 2030, progressing at a CAGR of 5.5% during the forecast period.


·         The North America light tower market is projected to hold a prominent share of the global market value, and is expected to continue its dominance during the forecast period.


·         The light tower market in China is projected to resister the highest growth rate in terms of value during the forecast period. However, the Europe light tower market is slated to experience the slowest growth rate.


·         The COVID-19 pandemic has resulted in decreased construction activity around the world, which is affecting the demand for light towers.


“Advancing construction industry and increasing number of infrastructure projects by regional government will facilitate numerous growth opportunities for players in the global light tower market,” says a Fact.MR analyst.


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Acquisition of Regional Players - Prime Strategy Key Players


Key players in the light tower market are focusing on the acquisition of regional players to establish their global presence and ensure quality of aftersales services provided to customers. For instance, in 2017, Generac Holding Inc. announced the acquisition of Selmec Equipos Industriales, S.A. de C.V., and its subsidiaries Enesa Energia, S.A. de C.V. and Enesa, S.A. de C.V.

 

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The global piezoelectric motor market is poised to embark on a modest growth trajectory, expanding at a CAGR of over 4% in the forecast period (2020-2030). This is attributed to the growing trend of miniaturization and greater focus on piezoelectric.


The global piezoelectric motor market is projected to grow at a moderate rate of over 4% between 2020 and 2030, says Fact.MR. Piezoelectric motor is utilized in a wide array of applications such as photonics, manufacturing process control, medical devices and meteorology.


Currently, most of the manufacturing industries like automotive, optics & phonics, are shuttered due to the COVID-19 outbreak, resulting in a downturn in piezoelectric motor sales.


However, rapidly evolving production processes like 3D printing and advanced robotics are driving the need for motion control systems and miniature devices, which in turn will boost the growth of the piezoelectric motors market in the coming years.


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Application areas such as robotics and factory automation in various industries have resulted in the high demand growth of piezoelectric motors. The robotics and factory automation segment, combined, are estimated to witness an absolute dollar opportunity of US$ ~27 Mn between 2020 and 2030.


Additionally, medical equipment and device manufacturers are rapidly moving towards the adoption of piezoelectric motors vis-a-vis electromagnetic motors. These include surgical devices, 3D scanners, MRI compatible robotics, ultrasonic emitters, drug delivery devices, laser beam steering, and devices used in dermatology, cosmetology, and ophthalmology.

 

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Top 5 companies in the automotive coatings market will continue to hold nearly two-fifth market share, with an average revenue range of US$ 5Bn to US$ 8 Bn. This further implies a high consolidation of the automotive coatings market at the brim.


The automotive coatings market continues to witness significant transformation ranging from new material developments in the vehicle production to higher popularity of traditional colors compared to “more colorful” alternatives.






The automotive coatings market is expected to witness an increase in volume sales of over 3,500 tons in 2018 over 2017, according to a recent Fact.MR study. Refinish formulations continue to gain center stage in the automotive coatings market, while water-borne coatings are gaining increased focus for basecoats.


Water borne automotive coatings have gained utter prominence over the years of evolution, primarily driven by environmental and health concerns of the solvent-borne automotive coatings.


The study estimates nearly 6 in 10 tons of automotive coating sold worldwide in 2018 to be water-borne. However, demand for waterborne coatings as primer surface layer is likely to witness decline in tandem with increasing palpability of UV cure automotive coatings.


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UV cure variants, albeit accounting for minor share of the market currently, have emerged as fast-selling automotive coatings and the status quo is likely to prevail in 2018 and beyond.


Demand for solvent borne coatings is expected to remain higher than solvent-borne coatings in 2018, despite concerns regarding their environmental and health impacts. Preference for solvent borne automotive coatings is primarily undergird by their relative superiority in retention of pigments liquid and binding agents.

 

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The top 6 players in the oil refining pumps market account for nearly 45% share. With diverse product portfolio, leading players in oil refining pumps market are planning to consolidate their position globally. New product launches, acquisitions.






The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand.


The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela.


The demand for centrifugal pumps is constantly rising in upstream oil and gas industry in multiphase or tri-phase pumping application. With the increasing demand for oil, especially in developing regions, transporting a large amount of liquid has become necessary to ensure operational efficiency.


This is driving the demand for centrifugal pumps to transport a significant amount of liquid in a short period.


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APAC to Continue Strong Position in Oil Refining Pumps Market


The Fact.MR study projects that APAC continues to register significant growth in the oil refining pumps market and is likely to account for over 40% of total demand by 2018 end. The positive outlook in the region can be attributed to the growing demand for diesel and gasoline in emerging nations like India and China.


The upgradation of existing oil refineries and robust investment in the construction of new oil refineries is fueling the growth in the oil refining pumps market in the region. Rising oil demand and faced with strict emission regulations, India is also moving towards development of new and modern refineries.


According to the International Energy Agency (IEA’s) latest World Outlook Projection, India’s refining capacity is likely to grow by two-thirds in the next 25 years. This is expected to make India world’s third largest refining center by 2040, following the US and China.

 

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Leading players in the power generation pumps market are primarily focusing on new product development. Gaining competitive advantage and adding more value to the existing product line, companies are developing new products to meet the evolving need.






The power generation pumps market is likely to witness steady growth, with global demand expected to exceed 4 million units by the end of 2018. The growth in the power generation pumps market is influenced by rising energy demand, especially in the developing regions. Integration of new technologies including sensors to monitor different parameters in the power generation pumps is also on a rise.


Providing high flow rate with a capacity of handling large quantities of fluids, centrifugal pumps are widely used in the power generation plants. The demand for centrifugal pumps is likely to be influenced by its various features, such as small size and low costs.


Demand for centrifugal pumps is expected to increase in the Asia Pacific region, especially in China, India, and Japan. Rising demand for power supply and favorable government policies are driving the demand for power generation pumps.


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Power Generation Pumps to find Large Application in Coal/Oil Power Plants


The demand for power generation pumps is likely to grow significantly in coal/oil power plants with demand expected to exceed 1.4 million units by 2018 end. The development of new coal and oil power plants across various countries is driving the power generation pumps market growth.


According to the International Energy Agency (IEA), coal generation increased by 3% in 2017 after witnessing a fall in last two years. Substantial growth in coal generation is seen in India and China. Moreover, with the share of around 30%, coal-fired power generation remains the largest source of energy worldwide.


Efforts are being made to improve the coal power plants design and power generation pumps to boost efficiency and flexibility of the plants. The coal-fired power plants are deploying efficient supercritical and ultra-supercritical coal power generation technologies. Although southeast Asia is an important producer of coal, oil, and gas, it is likely to face several challenges in the coming years, owing to the increasing focus on power generation through green energy sources.

 

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Fact.MR has recently compiled a study of the colloidal silica market, which sheds light on a slew of factors that shape the market growth. Colloidal Silica Sales Growing in Line with Quest for Effective Process Binders and Additives: Fact.MR Survey




Global sales of colloidal silicais estimated to surpass 403,700 tons through 2029, says the recently published report by Fact.MR. Increasing requirement for effective binders is estimated to load the dice in favor of liquid silicon dioxide applications across an umpteen number of applications, including coatings, electronics, construction, thereby creating sustained opportunities for the colloidal silica industry.


According to the research study, electrical equipment & electronics industry will continue to sustain high demand for colloidal silica, for the fact that colloidal silica plays a critical role in producing flat and uniform water surfaces during production of electronic & electrical devices.


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“Colloidal silica also serves as a final polishing additive and a rough surface remover in the electronics & electrical equipment space, thereby eliminating the necessity of other steps of surface preparation.

Moreover, adoption of colloidal silica will also continue to scale up in the construction space, for the fact that colloidal silica holds the potential to breathe life into durability and strength of concrete mixtures”, says the Fact.MR report.


Demand for colloidal silica from coating applications is also registering a significant uptick, owing to rising demand for reinforcing materials for paints and coatings. Customer desire for multipurpose coatings with vigorous physical and chemical properties is on a significant rise, which is further necessitating the adoption of colloidal silica.


In addition, growing fad for customized paints and coatings is also setting an optimistic tone for adoption of colloidal silica in the coatings landscape, with global sales estimated to surpass 114, 400 tons in 2019.

 

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The global soft magnetic composites (SMCs) market has witnessed rapid growth at a CAGR of 6.4% over the past half-decade. However, due to the ongoing outbreak of COVID-19, the electrical industry has put the brakes on production, cascading the effect




Growing automotive and electrical industry across the globe, especially in India and China, has cascaded the demand growth of the global soft magnetic composites (SMCs) market. Promising regions such as Europe, Japan, and North America too have provided a platform for the growth of the global soft magnetic composites market, owing to rapid growth of the mentioned sectors.


Cost-effective and compact electromagnetic components made out of novel SMCs are set to drive demand over the next decade. Moreover, the soft magnetic composites market is in its growing stage in a PLC curve, owing to frequent innovations by key stakeholders and rapidly changing market dynamics.


As per Fact.MR analysis, significant growth in demand for soft magnetic composites has been witnessed over the past half-decade, and the market is set to expand at a CAGR of 6.5% over the forecast period of 2020 to 2030.


Key Takeaways from Global Soft Magnetic Composites Market Study


Asia Pacific excluding Japan dominates the demand pie of soft magnetic composites with a market share over more than 28% in 2019.


The silicon ferrite segment is anticipated to gain around 311 BPS over the forecast period of 2020-2030.


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The SMCs market in Japan is set to expand at 6% CAGR over the forecast period, and is evaluated to be among the promising regions providing absolute $ opportunity for stakeholders.


The SMCs markets in North America and Europe are set to inflate by more than 2X over the forecast period, together accounting for more than 50% share of the global soft magnetic composites market in 2020.


The ongoing COVID-19 pandemic has led reduced industrial activities and disrupted supply chains. Lockdowns across most countries have adversely affected the production of soft magnetic composites.

 

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8 in 10 Pedelec Sales Concentrated in Asia Pacific, China Continues to Spearhead Demand, Finds Fact.MR






The pedelec market will surpass US$ 26 billion to record a healthy 3.1% y-o-y in 2019, reveals the latest market report published by Fact.MR. The study finds that consumer mindset inclined towards adopting sustainable modes of transportation will provide a fillip to growth of the pedelec market in the upcoming years.


The study thoroughly assesses growth parameters of the pedelec market to provide actionable insights for market players to plan salient business strategies for the coming future.


Some of the key findings of the Fact.MR report on pedelec market include


Consumers becoming extremely conscious about the environment and their physical fitness is auguring well for pedelec market players.


Pedelecs are proving to be a space-effective, cost-effective, and faster way to commute in urban areas. This is expected to play a pivotal role in developments in the pedelec market.


Recent technological advancements in batteries and fuel cells are bringing in new varieties and improved efficiencies of electric motors used in pedelecs, thereby, enabling pedelec market players to launch more energy-efficient models.


Low awareness about the availability of pedelecs – electric bikes that run on human energy as well as electric energy – is the primary reason why cycling enthusiasts are refraining to shift from conventional cycles to pedelecs.


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Stringent regulations being imposed on manufacturing and marketing of pedelecs are exhorting manufacturers in the pedelec market to make significant changes in their conventional business strategies. This may make it challenging for pedelec market players to launch competitive prices of pedelecs in the market.

 

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In-Transit Concrete Mixer Sales Surge in Line with Growing Trend of Mobile Volumetric Mixers, finds Fact.MR study


According to a new study of Fact.MR, revenues from the concrete mixer market were in excess of 126,800 units in 2018, and are estimated to record a 4% Y-o-Y growth in 2019. Myriad factors influence dynamics of the concrete mixer industry, which range from the customer requirement for equipment with high technical standards and convenient portability, to tightened environmental standards apropos of emissions and recycling of materials.


The study opines that in-transit mixers remain the preferred category among end-users, in light of their ability to both mix and transport concrete around a construction site, particularly in case of remote locations and sites that are far from concrete plants.




The deprivation of clotting, and prevention of concrete balling effect, are key benefits associated with in-transit concrete mixers that continue to sustain their sales. On the contrary, sales of trailer concrete mixers are expected to remain low, tugged by their higher operating and maintenance costs, along with relatively less efficient maneuverability.


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According to the study, a key trend complementing sales of in-transit mixers is growing demand for mobile volumetric concrete mixers that prevent concrete waste entailed by over-ordering.


The volumetric concrete mixers also enable efficient and convenient trips to batch plants, saving on hot loads and various other expenses, and cutting down time of operation. While precision continues to be the key, user-friendly control options of these equipment will continue to attract customer attention and drive sales.

 

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Find More:https://www.prnob.com/release/show/concrete-mixer-market-is/44537
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