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Transparency Market Research News And Reports

Transparency Market Research (TMR) is a market intelligence company providing global business research reports.

6 months ago

Blood Pressure Monitoring Testing Market Will Reach USD 3.7 Billion By 2019

Blood Pressure Monitoring Testing Market Will Reach USD 3.7 Billion By 2019

Transparency Market Research is Published new Market Report " Blood Pressure Monitoring Testing Market (Sphygmomanometer, Automated Blood Pressure Monitors, Ambulatory Blood Pressure Monitors, Blood Pressure Transducers and Blood Pressure Instrument Accessories) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global blood pressure monitoring testing market was valued at USD 1,713.3 million in 2012 and is estimated to reach a market worth USD 3,661.3 million in 2019 at a CAGR of 11.5% from 2013 to 2019.

 

Hypertension is one of the leading causes of heart diseases and strokes globally. The exact cause of high blood pressure is unknown but it develops with changing lifestyle and growing age. Rise in prevalence of high/low blood pressure is attributed to sedentary lifestyle, lack of physical activity geriatric population and rising stress. Blood pressure monitors are widely used by physicians in clinics, hospitals and even by patients themselves at home for self-monitoring. With the rising incidence rate of hypertension there is an increase in awareness about monitoring techniques, creating a substantial rise in demand for blood pressure monitoring devices. There are various social, behavioral and metabolic factors that determine and contribute to the development of high blood pressure (hypertension).

 

The blood pressure monitoring and testing market can be segmented as sphygmomanometers, automated blood pressure monitors, ambulatory blood pressure monitors, blood pressure transducers, and blood pressure instrument accessories. Manufacturers are coming up with new and innovative digital blood pressure monitoring devices that are easy to use and provide accurate readings instantly. The digital sphygmomanometers market is expected to grow at a faster rate compared to other types of sphygmomanometers (mercury and aneroid) as they are easier to use and provide comparatively accurate results.

 

Technological advancement is another important factor responsible for the growth of this market. mHealth is the new technological breakthrough in the healthcare market, where ubiquitous mobile technology supports the growth and successful implementation of mobile technology in healthcare industry. Prevention and early detection are the important factors for regular monitoring. Hence, mobile and portable devices would help the patient population to monitor their parameters. Devices when connected wirelessly would automatically transmit the required data of the patients to healthcare professionals.

6 months ago

Global Home Automation Market Is Expected to Reach USD 16.4 Billion by 2019

Global Home Automation Market Is Expected to Reach USD 16.4 Billion by 2019

Transparency Market Research is Published new Market Report " Home Automation Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” the market was valued at USD 3.6 billion in 2012 and is expected to reach USD 16.4 billion by 2019, growing at a CAGR of 24.6% from 2013 to 2019.

 

Underpinning demand for a universal solution, which is easy to install and integrate with different sub-systems in a home has induced a disruptive growth phase in the industry. Broadband service providers, telcos, utilities and others, who are entering the market with packaged/bundled services, have further intensified competition in the market. This has made end-consumers as final beneficiaries, who are able to reap benefits of price competitiveness. However, with entry of large number of players across all levels of supply chain, the market has been witnessing a piling of too many solutions available to end consumers. Subsequently, proprietary platform based systems have outnumbered the open-platform systems which has made things complex for end-users.

 

Standing at the point of inflection, home automation market is estimated to see North America retain its position as the largest market. Revival of construction activities, especially on new residential buildings and renovations, is expected to support market growth in the region. Of all the applications of home automation systems, growing consumer preference for safety and security solutions is expected to result in ‘safety and security segment’ dominate market growth across all these regions. Energy management and HVAC automation systems too are expected to see a similar growth phase towards second half of the forecast period. Deployment of smart meters and need to curb household energy bills is further expected to drive the demand for such systems, especially in Europe and North America, which are at the forefront of smart meter installation.

 

Among networking platforms available, wireless systems are estimated to account for more than half the market share. Their revenue contribution is further expected to increase with the growth of alliances such as Zigbee, Z-Wave, and KNX. However, with the potential entry of Wi-Fi Direct and its possible adoption by Apple may disrupt expected market gains by other wireless technologies in the market. This is even expected to bring DIY type of automation solutions to the forefront of the home automation market, which till now was dominated by luxury systems, with mainstream systems and managed automation services showing promising growth signs. Amidst growing popularity of wireless technologies, power-line and fixed-wire home automation systems are forecast to see decline in market share.

 

Some of the key market players include Crestron Electronics, Inc., ADT Corporation, AMX LLC, and Control4 Corporation; accounting for more than 35% of the market share. A large part of the market is catered by players specializing in specific applications and those with generalized solutions. Other key participants include Lutron Electronics Company, Inc., ABB Ltd., Nortek, Inc., Vantage Controls, Schneider Electric SA, SoftAtHome, LivingTech, among others.

7 months ago

Salicylic Acid Market is Expected to Reach USD 521.2 million in 2019

Salicylic Acid Market is Expected to Reach USD 521.2 million in 2019

Transparency Market Research is Published new Market Report " Salicylic Acid Market for Pharmaceutical, Skin care, Hair care and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019," The global market for salicylic acid was valued at USD 292.5 million in 2012 and is expected to be USD 521.2 million in 2019, growing at a CAGR of 8.6% from 2013 to 2019. In terms of volume, salicylic acid demand was 95,000.0 tons in 2012 and is expected to grow at a CAGR of 6.4% from 2013 to 2019.

 

Salicylic acid is being increasingly used in skincare and haircare products due to its medical benefits such as reduction of acne, blemishes, dandruff and psoriasis. Rising awareness regarding healthy skin and hair is expected to drive the global skincare and haircare market, which in turn is expected to drive the growth of salicylic acid market. In addition, growing demand for aspirin is expected to be another factor vital to the growth of the market, as salicylic acid forms a key ingredient of aspirin. However, growing consumer concern regarding the side-effects of salicylic acid is expected to hamper the growth of the market. Research proving the positive impact of aspirin on life-threatening diseases such as dementia, strokes and Hughes Syndrome are expected to open new opportunities for the growth of the market over the next few years.

 

Demand for salicylic acid was highest from pharmaceuticals and was 48,697.0 tons in 2012. However, skincare and haircare are expected to be the fastest growing segments in terms of consumption of salicylic acid, on account of increasing consumer awareness regarding healthy hair and skin. In addition, rising awareness among consumers regarding the benefits of salicylic acid on skin and hair is expected to drive the market towards salicylic acid containing skincare and haircare products. The growth of the global skincare and haircare market is expected to augment the growth of the market.

 

Consumption of salicylic acid was highest in North America and accounted for over 35% of the market in 2012. However, Asia Pacific is expected to witness the fastest growth in the market within the forecast period. The demand for aspirin is expected to grow substantially on account of growing ageing population and healthcare initiatives by various national governments present in this region. This factor is expected to drive the demand for salicylic acid in pharmaceutical within Asia Pacific over the next few years. In addition, changing lifestyles and rising consumer awareness regarding the benefits of salicylic acid on skin and hair, is expected to fuel the demand for salicylic acid in skincare and haircare applications.

 

Key participants' profiles in the report include Alfa Aesar, J.M. Loveridge Limited, Novacap and Simco Chemicals Inc. among others. 

7 months ago

Connected Car Market Will Reach USD 131.9 Billion By 2019

Transparency Market Research is Published new Market Report "Connected Car Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013- 2019," The global connected car market is expected to reach USD 131.9 billion by 2019, growing at a CAGR of 34.7% from 2013 to 2019. 4G/long-term evolution (LTE) technology is in a commanding position due to its lower operating costs associated with high data transmission volumes as compared to other technologies.

 

The global connected car market is primarily driven by factors such as growing awareness about safety and security and need for connectivity. Safety and security services such as emergency call (eCall) and stolen vehicle tracking (SVT) are becoming popular among consumers. Demand for other services such as gaming, entertainment, traffic information, and weather and location information is further supporting the growth of this market.

 

Among the major connectivity technologies, 4G held more than 30% of the entire connected car market in 2012 due to its high speed and simplified network architecture. In terms of connectivity solution, integrated solution dominated the global connected car market in 2012. This is because it eliminates the requirement of costly hardware in vehicles unlike tethered solution. The demand for integrated solution is driven by government mandates in developed regions namely U.S. and Europe. China is expected to be the largest consumer for this solution in coming years owing to growing usage of web-based applications. Due to the growing demand for traffic information services among consumers, navigation application is popular among masses. Among all the application segments, navigation dominated the global connected car market with more than 40% share in 2012.

 

North America was the biggest consumer of connected cars and held more than 50% share of the entire connected cars market in 2012. The reason behind this is the heavy internet usage, especially online mobility in the region. Asia Pacific will be the fastest growing region in coming years, fueled by the increasing demand from China, India, and Australia.wireless module providers, technology platform provider, connectivity software developers and network service providers. Vehicle manufacturers namely General Motors, Hyundai Co., Ford Motor Company, Mercedes-Benz, and Audi among others sign agreements with other category players such as, application providers, wireless module developers, platform providers, and connectivity network providers. Microsoft Corporation, Verizon Communications, AT&T, Intel, Sierra Wireless, Broadcom Corporation, Gemalto, T-Systems, T-Mobile, and Delphi Automotive LLP, among others are few market leaders across aforementioned categories.

 

The report segments the global connected car market as:

 

Connected Car Market, by Connectivity Technology:

  • 4G technology
    • LTE
  • 3G technology
  • UMTS
  • HSPA
  • HSPA+
  • GSM
  • GPRS
  • EDGE
  • 2G technology

 

Connected Car Market, by Connectivity Solution:

  • Embedded
  • Tethered
  • Integrated

 

Connected Car Market, by Application:

  • Navigation
  • Telematics
  • Infotainment

 

Connected Car Market, by Geography:

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
  • Germany
  • UK
  • Italy
  • France
  • Rest of Europe
  • Japan
  • South Korea
  • China
  • Australia
  • Rest of Asia Pacific
  • Middle East
  • Latin America
  • Asia Pacific
  • Rest of the World (RoW)
7 months ago

Global Glass Packaging Market (2013 - 2019)

 Global Glass Packaging Market (2013 - 2019)

Transparency Market Research is Published new Market Report " Glass Packaging Market for Food and Beverage, Pharmaceuticals, Beer and Other Alcoholic Beverages - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market for glass packaging was valued at USD 47.43 billion in 2012 and is expected to reach USD 59.94 billion by 2019, growing at a CAGR of 3.4% from 2013 to 2019. In terms of volume, global demand was 45.71 million tons in 2012 and is expected to grow at a CAGR of 3.1% from 2013 to 2019.

 

Dark colored glass bottles are often used in packaging of beer as glass helps in deflecting UV rays, thereby reducing the occurrence of "skunky" beer. Rise in global consumption of beer is expected to be one of the primary factors driving the glass packaging market. In addition, the growth of the healthcare industry and rising use of glass bottles for storage of medicines due to its sterility and reusability is expected to augment the demand for glass packaging over the next few years. However, growing popularity of plastics and its increasing application scope for packaging is expected to hamper the growth of the market. Growing consumer preference towards glass for packaging of food, beverages and chemicals is expected to open new opportunities for the growth of the market over the next few years.

 

Alcoholic beverages (excluding beer) were the largest application segment of the glass packaging market and accounted for over 50% of the total demand in 2012. However, the consumption of glass in the packaging of beer is expected to witness the fastest growth on account of increasing consumption in Asia Pacific and Eastern Europe coupled with the preference towards glass as packaging material. Alcoholic beverages and pharmaceuticals are expected to show robust demand for glass packaging over the next few years due to its sterility.

 

Asia Pacific was the largest market for glass packaging and accounted for over 16.1 billion of the overall revenue in 2012. Growing consumption of beer and alcoholic beverages in countries such as India, China, Thailand, Australia and Indonesia are expected to boost the demand for glass as packaging medium in these countries. Europe was the second largest market for glass packaging accounting for over 13.34 million tons of overall demand in 2012.

7 months ago

Global Healthcare Biometrics Market Will Reach USD 5.8 Billion By 2019

Global Healthcare Biometrics Market Will Reach USD 5.8 Billion By 2019

Transparency Market Research is Published new Market Report " Healthcare Biometrics Market (Fingerprint, Face, Iris, Voice, Vein, Signature and Hand Recognition Technologies, Logical Access Control, Physical Access Control and Transaction Authentication Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global healthcare biometrics market was valued at USD 1.2 billion in 2012 and is expected to grow at a CAGR of 25.9% from 2013 to 2019, to reach an estimated value of USD 5.8 billion in 2019.

 

Biometrics is used to identify and authenticate an individual's identity by their biological characteristics or traits. This technology is used in the healthcare industry for the purpose of patient and medical staff's verification and access control. Use of biometric identity solutions reflects prevention and minimization of healthcare fraud and resource wastage while also improving healthcare safety, quality and patient privacy. Rapid technological advancements in healthcare infrastructure, increasing accuracy and performance levels, along with reduced complexity and cost of biometric devices are some of the major factors driving the biometrics growth in healthcare. Furthermore, growing preference for reducing healthcare expenditure by minimizing the risk of security breaches and medical identity thefts with the use of biometrics, support the growing acceptance of biometric systems in the healthcare industry worldwide.Growing security concerns with healthcare facilities and medical insurance providers has impelled the demand for biometrics solutions in healthcare.

 

The global healthcare biometrics market can be categorized into biometric technologies and their applications in various authentication processes. Fingerprint recognition technology is the most prominently used biometric technology and will make up more than 50% percent of biometrics demand in healthcare industry through 2019. Availability of a wide range of fingerprint recognition devices, introduction of portable fingerprint scanners and their efficacy in healthcare are the major factors driving the demand for fingerprint technology. Based on adaptability to cost effective security enhanced formats, AFIS (automated fingerprint identification systems), will continue to lead in terms of market revenues. It is expected that the global market for fingerprint biometric devices will grow at a CAGR of more than 20% from 2013 to 2019.

 

On the other hand, vein, face and iris recognition are expected to witness fastest growth among the other biometric technologies and will account for the most rapidly expanding demand from applications in the logical access control. Demand for these products will benefit from more strict government regulations and industry standards covering the safety, security, and functional features of biometric systems. Logical access control, physical access control and transaction authentication are the three prime application areas of healthcare biometrics. Use of logical access is essential for user's authentication to permit access to computer systems in hospitals and healthcare facilities. Thus, in terms of allocations, logical access control segment is expected to dominate the global healthcare biometrics market during the given forecast period of 2013 to 2019.

 

Geographically, North America is expected to remain the largest market for healthcare biometrics technologies. Currently, North America along with Europe captures more than 75% of the market share. In the developing world, Asia-Pacific region will provide the largest and most diverse sales opportunities for biometrics security solutions in the healthcare sector due to budding domestic and export markets for nationally produced biometric devices.

 

The healthcare biometrics market is highly fragmented and consists of many large and small players. The competition in this market is characterized by market consolidation activities, partnerships, and intensive mergers and acquisitions as well as intensive cost-containment measures. Some of the major companies currently active in the healthcare biometrics market include 3M Cogent, Inc., Bio-Key International, Inc., DigitalPersona, Inc., NEC Corporation, M2SYS LLC, Cross Match Technologies, Inc., Suprema, Inc., and Siemens AG.

7 months ago

nteric Disease Testing Market Will Reach USD 3.6 Billion By 2019http://www.transparencymarketresearc

nteric Disease Testing Market Will Reach USD 3.6 Billion By 2019http://www.transparencymarketresearc

Transparency Market Research is Published new Market Report " Enteric Disease Testing Market (Amebiasis, C.difficile Infection, Campylobacteriosis, Cholera, Cryptosporidiosis, E.coli Infection, Giardiasis, H.pylori Infection, Norovirus Infection, Rotavirus Infection, Salmonellosis and Shigellosis) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global enteric disease testing market was valued at USD 3.1 billion in 2012 and is expected to grow at a CAGR of 2.4% from 2013 to 2019, to reach an estimated value of USD 3.6 billion in 2019.

 

Enteric diseases are major causes of morbidity and mortality worldwide. Developing socio-economic countries with poor drainage, sanitation along with overcrowding and low hygiene awareness account for majority of enteric infection incidences prevailing worldwide. These diseases usually exhibit mild symptoms but if not treated on time can lead to severe complications, resulting in death. In order to manage these diseases effectively, their early detection is essential. Various enteric diseases responsible for diarrhea, stomach pain, nausea, vomiting, anorexia, weight loss and fever are amebiasis, giardiasis, rotavirus infection, salmonellosis and shigellosis.

 

Traditionally, diagnosis of enteric infections relied on culture results of fecal specimen. Today, the world is witnessing a paradigm shift from culture to EIA (enzyme immunoassaya) and PCR (polymerase chain reaction) based tests owing to advantages associated with these newer testing methods. EIA and PCR tests offer enhanced sensitivity and specificity compared to culture tests and also give quick results. Globally the market for enteric disease testing is growing at a CAGR of 2.4% under the influence of rising awareness, demand for point of care testing and increasing application of molecular diagnostics. Use of molecular diagnostic products has made diagnosis easy and possible, even those strains which once seemed to be difficult and impossible. North America and Europe represent the largest regional markets because of rapid demand for molecular based diagnostics and due to high level of awareness among people about the diseases. C.difficile infection is one of the major causes of antibiotic related diarrhea in developed regions.

 

Various epidemiological sources including CDC and American Association for Clinical Chemistry suggest that C.difficile infection incidence per 100,000 people has increased over the past few decades in United States. In developing nations, frequent travelling to regions where enteric diseases are epidemic is also one of the reasons driving the market growth. Asia-Pacific and Africa have been predicted to grow rapidly during the forecast period. In developing nations of Asia-pacific, Africa and Latin America, the market is also growing due to advent of rapid dipstick tests which can be applied by the patient themself. These regions associated with inadequate healthcare infrastructure do not possess substantial number of laboratories to perform laboratory based tests.

 

Thus, rapid dipstick test kits being inexpensive and easy to use are widely accepted in these regions for managing enteric illness. Continuously improving economy and rising healthcare expenditure in these regions are also anticipated to drive the market. The market is also growing due to emergence of new strains; sources from Eurosurveillance suggest that the norovirus infection is increasing worldwide, including United Kingdom, the Netherlands, France, Japan and Australia due to emergence of new strain of genotype II.4 (GII.4) that is also known as Sydney strain.

7 months ago

Industrial Controls and Robotics Market Will Reach USD 147.7 Billion By 2019

Industrial Controls and Robotics Market Will Reach USD 147.7 Billion By 2019

Transparency Market Research is Published new Market Report " Industrial Controls and Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019," the global industrial controls and robotics market was worth USD 102.02 billion in 2012 and is expected to reach USD 147.7 billion in 2019, growing at a CAGR of 5.6% from 2013 to 2019. Americas i.e. (North America and South America) was the largest market for industrial controls and robotics in 2012 due to re-engineering in the old industrial segment along with the adoption of new technologies and increasing demand for mass production.

 

The market is driven by its growing use in application areas of discrete and process industries i.e. automotive, power, pharmaceutical, and semiconductors industries. Also, increased productivity of manufacturing companies, growing demand for customized products, and need for improved efficiency and precision are the factors encouraging deployment of these systems in the industries.High initial investment, availability of low cost labors in emerging countries such as India, China, Indonesia, and need for skilled labors to operate the robots are some of the factors inhibiting growth of industrial controls and robotics market.

 

By product type, market has been segmented into - industrial control systems, field devices, and manufacturing execution systems (MES). Industrial control segment accounted for about half of the market share followed by field devices in 2012. Industrial control system is expected to maintain its leading position throughout the forecast period. Requirements for accurate precision and proper functioning of installed plants are the main factors flourishing growth of industrial control systems. Among all types of control systems, MES is expected to show fastest growth during the period of forecast. The demand for MES across end use industries is expected to grow owing to improved yield. Improvement in supply chain and inventory management also attracts most of the users to implement MES.

 

By end user industry, market is segmented into power, textiles, automotives, chemicals, printing and packaging, plastics, oil and gas, pharmaceuticals, food processing, semiconductors, OEMs of aforementioned industries and others. Automotive industry held largest market share in 2012 and is expected to maintain its leading position throughout the forecast period owing to increasing demand for productivity. Pharmaceuticals industry is expected to show strong growth during the period of forecast as industrial automation help increase efficiency and reduce time of various operations such as compounding, washing, labeling, packaging and filling.

 

Geographically, Americas held largest share in industrial controls and robotics market in 2012 attributed to re-engineering in the old industrial segment with adoption of new technologies in North America and heavy exporting of goods from South America. RoW is expected to show fastest growth during the period of forecast because of the growing demand for industrial robots and control systems in oil and gas industries in this region. Asia Pacific is also expected to witness robust growth during the forecast period fueled by heavy investment in power industry in this region.

 

Siemens AG and ABB Ltd. were leading providers of industrial control systems in 2012 and together held 26.2% of the entire Industrial control systems market. On the other hand Yaskawa and Fanuc Corporation were the major manufacturers of industrial robots and together held 44% share of the overall industrial robotics market. Other major players in the market include Yokogawa Corporation, KUKA Robotics, Emerson Electric Corporation, Rockwell Automation,Omron Corporation, Schneider Electric SA, and others. 

7 months ago

Latin America Adhesives and Sealants Market 2012 to 2018

Latin America Adhesives and Sealants Market 2012 to 2018

Growing demand from key end-use applications such as construction and automotive industries is expected to boost the demand in Latin America. These industrial sectors are witnessing rapid growth in Brazil, Chile, Peru, Argentina, Colombia and other regions, thus fuelling the demand for adhesives and sealants. However, growing environmental concerns and volatile raw material prices of crude oil are expected to hinder market growth. Bio-based adhesives and sealants are expected to catch up in the near future owing to their eco friendly characteristics.

 

This report gives a detailed description of the Latin American adhesives and sealants market based on volume share (kilo tons) and revenue (USD million) for the period 2012 to 2019. The report highlights the factors contributing towards the growth of the market and the restraints that impede the market. Detailed forecasts for the years 2013-2019 for both adhesives and sealants have been given separately, for better understanding of the individual market scenario. The adhesives and sealants market is described with respect to their various segments along with the opportunities that are expected in the coming six years.

 

For geographic analysis, the Latin American market has been segmented into countries such as Brazil, Mexico, Argentina and Rest of Latin America - The adhesives market has been segmented based on the following product types - PVA (polyvinyl acetate), polyurethanes, styrenic block, epoxy, EVA and others. Similarly, the sealants market has been segmented on the basis of product types comprising silicones, polyurethanes, acrylic, polyvinyl acetate and others including polysulfide and EVA. The study also analyses market attractiveness for all product segments of adhesives and sealants with the help of the market attractiveness tool.The study segments the market on an application basis, provides forecasts and estimates for each application segment in terms of revenue and volume over the forecast period from 2013 to 2019. 

 

For a more comprehensive view of the market, a value chain analysis and Porter’s five forces model is provided to throw light on the specifics of the industry structure besides giving an overview of the degree of competitiveness. The report also includes detailed profiles of key players such as 3M Company, Henkel AG, BASF SA, The Dow Chemical Company, Avery Dennison and Ellsworth Adhesives among others. The detailed description of players includes parameters such as company overview, financial overview, business strategies and SWOT analysis and recent developments of the company.

 

The report segments the Latin America Adhesives market as:

 

Adhesives Market: Product Segment Analysis

  • Acrylic
  • PVA
  • Polyurethanes
  • Styrenic block
  • Epoxy
  • EVA
  • Other (including silicones, polyisobutylene)

 

Adhesives Market: Application Segment Analysis

  • Pressure sensitive applications
  • Packaging
  • Construction
  • Furniture
  • Footwear
  • Automotive
  • Other (aerospace, electronics, etc)

 

Adhesives Market: Regional Analysis

  • Brazil
  • Mexico
  • Argentina
  • Rest of the Latin America

 

The report segments the Latin America Sealants market as:

 

Sealants Market: Product Segment Analysis

  • Silicones
  • Polyurethanes
  • Acrylic
  • Polyvinyl acetate
  • Other (including polysulphide, EVA, etc)

 

Sealants Market: Application Segment Analysis

  • Construction
  • Automotive
  • Packaging
  • Assembly
  • Pressure sensitive tapes
  • Consumers
  • Other (aerospace, electronics, etc)

 

Sealants Market: Regional Analysis

  • Brazil
  • Mexico
  • Argentina
  • Rest of the Latin America
7 months ago

Global Lubricants Market Will Reach USD 65.2 Billion By 2018

Global Lubricants Market Will Reach USD 65.2 Billion By 2018

Transparency Market Research is Published new Market Report "Technology trends in Lubricants (Mineral, Synthetic, and Bio-based) Market for Turbine oil, Compressor oil, Gear oil, Hydraulic oil, Bearing oil and Heat transfer fluid lubricant Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," The global lubricant market was worth USD 44.0 billion in 2011 and is expected to grow at a CAGR of 5.5% from 2012 to 2018. The global lubricant consumption was 35,605.6 kilo tons in 2011 and is expected to reach 42,304.7 kilo tons in 2018, growing at a CAGR of 2.5% from 2012 to 2018.

 

Increasing automobile demand is expected to fuel lubricant demand over the forecast period. Increasing regulatory support and the need to reduce crude oil dependence are expected to support bio-based lubricant market growth over the next decade. However, volatility in mineral oil prices and high production cost of bio-based lubricants are key challenges faced by industry participants.

 

Mineral oil based lubricants were the largest product segment and accounted for 96.8% of the overall consumption volume in 2011. Industrial and commercial automotive applications dominated mineral lubricant demand and accounted for 71.6% of the mineral lubricant consumption in 2011. Automotive oils dominated the bio-based lubricant market and accounted for 25.7% of the bio-based lubricant volumes in 2011.

Asia-Pacific dominated the global lubricant market in terms of consumption, owing to strong demand from China and India, and accounted for 40.2% of the global market in 2011. The growth in North America is primarily fuelled by the growth of the U.S. automobiles market. North America is lubricant demand expected to reach 8,756.3 kilo tons by 2018 while Asia Pacific lubricant market is expected to grow at a CAGR of 3.4% from 2012 to 2018. The European lubricants market is expected to continue to be sluggish for conventional lubricant while simultaneously providing attractive opportunities for their bio-based counterparts.

 

Some of the key players in the lubricant industry include Royal Dutch Shell, Exxon Mobile, British Petroleum, Castrol, Chevron, Total and Fuchs. The report provides an overview of these companies followed by their financial revenue, business strategies, products and recent developments.

 

This research analyzes and estimates the performance and consumption of lubricants in the global scenario, providing detailed trend analysis of the market by geography and comprehensive analysis of companies that are dealing in lubricants. The report presents a thorough assessment of the strategies followed by different stakeholders by segmenting the lubricant market as below:

 

Lubricants Market: Product Segment Analysis

·         Mineral Lubricants

·         Synthetic Lubricants

·         Bio-based Lubricants

 

Lubricants Market: Technology Trends

·         Turbine oil lubrication

·         Compressor oil lubrication

·         Gear oil lubrication

·         Hydraulic oil lubrication

·         Fire resistant hydraulic fluid

·         Nuclear resistant lubricant

·         Bearing oil lubrication

·         Heat transfer fluid

·         Re-refined base oils and lubricants

·         Nanomaterials based lubrication

·         Other emerging fields

 

Lubricants Market: Regional Analysis

·         North America

·         Europe

·         Asia-Pacific

·         Rest of the World (Middle East, Latin America, and Africa)