A Market Place Research – Page 1163

Automotive Catalytic Converter Market Segmentation Along With Covid 19 Impact Analysis, Regional Outlook, Competitive Strategies Growth 2022-2030

As per the report by Allied Market Research, Titled ”Automotive Catalytic Converter Market by Type (Two-Way Oxidation Catalytic Converter, Three-Way Oxidation-Reduction Catalytic Converter, and Diesel Oxidation Catalyst), Catalyst (Platinum, Palladium, and Rhodium) – Global Opportunity Analysis and Industry Forecast, 2014-2022”.

The global automotive catalytic converter market is expected to witness substantial growth from 2022 to 2031. Rapid technological innovations and increase in demand are the major factors that propel the growth of the market. The automotive catalytic converter market study offers an in-depth analysis of the major market trends, driving factors, top 10 market players, and prime investment pockets.

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The automotive catalytic converter market report provides a comprehensive study of the market on the basis of various parameters such as sales, market size, sales analysis, and key driving factors. In addition, the report provides Porter’s five forces analysis, SWOT analysis, a business overview of services and products, and portfolio and financial analysis. These statistical tools offer vital information about major market players and aid leverage of lucrative opportunities in the market. The report helps industry players and new industry entrants to formulate fruitful business strategies.

Key Market Segments Includes:

By Type

Three-way oxidation-reduction catalytic converter
Diesel oxidation catalytic converter
Two-way oxidation catalytic converter

By Catalyst

Platinum catalyst
Palladium catalyst
Rhodium catalyst

The automotive catalytic converter market is analyzed on the basis of geographical penetration along with a study of market influence in the various regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

The global automotive catalytic converter market report includes a detailed study of major market players such as Faurecia SA, BASF Catalysts LLC, Eberspaecher GmbH Holding & Co., Magneti Marelli S.P.A, Tenneco Inc., Benteler International AG, Calsonic Kansei Corporation, Standard Motor Products Europe Ltd along with inclusive information on their company description, market share, key developments, and financial breakdown. The competitive analysis of these companies offers a business overview along with a portfolio analysis of their services and products. These market players have adopted several business strategies such as mergers & acquisitions, joint ventures, new product launches, and collaborations to maintain their foothold in the market.

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The report offers a comprehensive analysis of the dynamic driving and restraining factors, along with the study of major challenges and lucrative opportunities. Furthermore, the report provides a SWOT analysis that aids to gain the driving and restraining factors in the industry. The report highlights market segmentation and the study of prime market players. Furthermore, the report includes an in-depth analysis of the Covid-19 outbreak impact on the global automotive catalytic converter market. The global automotive catalytic converter market report offers a brief overview of the market and highlights the market definition and scope.

Key Offering of the Report:

Major driving factors: A detailed study of determinants of the market factors, forthcoming opportunities, and challenges.
Current market trends & forecasts: An in-depth analysis of the market including recent market trends and forecasts for the next few years that help to make an informed decision.
Segmental Analysis: A detailed study of each segment along with driving factors and growth rate analysis of each segment.
Geographical analysis: Insightful study of the market across various regions that enable market players to benefit from the market opportunities.
Competitive landscape: A detailed study of major market players that are active in the automotive catalytic converter market.

Final Report will add the analysis of the impact of COVID-19 on this industry.

Automotive catalytic converter market Research Report includes an outline of the industry based on major parameters including market size, sales, sales analysis and key drivers. The market size is expected to grow on a large scale during the forecast period (2021-2027). This report also offers the latest impacts of COVID-19 on the market. The outbreak of the pandemic has affected numerous aspects of life across the globe. This, in turn, has urged the markets to adopt new norms, trends, and strategies. Essentially, the research report intends to provide a view of initial and future assessments of the market.

The report includes a comprehensive analysis of the impact of the Covid-19 pandemic on the industry. The prolonged lockdown across the market and strict regulations on international trade have a major impact on the global automotive catalytic converter market. The Covid-19 pandemic led to the disruption of the supply chain and value. In addition, the Covid-19 pandemic resulted in increased prices of raw materials and led to a shortage of skilled workforce. The automotive catalytic converter market report offers consumer preferences, trends, and budget impact on the market due to the Covid-19 pandemic.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Global Construction Lasers Market Is Expected To Reach $3,363.0 Million By 2025 | Growing At A CAGR Of 4.4%

the global construction lasers market is expected to reach $3,363.0 million by 2025, from $2,394.6 million in 2017, growing at a CAGR of 4.4% from 2018 to 2025. In 2017, the Asia-Pacific dominated the global market, in terms of revenue, accounting for more than 36.8% share, followed by Europe.

LASER is an acronym for Light Amplification by Stimulated Emission of Radiation. Construction lasers are used in the construction industry for levelling, surveying, measuring, and aligning activities. The construction laser is a tool that consists of a laser projector, which emits laser beams toward a specific object. This laser beam is used to calculate numerous civil measurements such as distance, angle, elevation, and grade. Construction lasers provide quick and accurate construction activities as compared to traditional methods.

In modern cities, land shortage is a common situation, which has led to the construction of complex buildings with unusual alignments that require precision during construction. Such complex measurements are done accurately using construction lasers.

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Growth in the construction industry creates a huge demand for construction activities around the world. R&D teams have come up with better performing products, which cut down the manufacturing cost of these construction lasers. These advancements in technology meet consumer expectations for premium quality and high precision products. Thus, these factors are anticipated to provide potential opportunities for the key players operating in the market. However, construction laser beams are harmful for workers. Long-time exposure causes skin burns. Direct exposure to these beams damages the eyes causing permanent visual blindness. These factors restrict the growth of the global construction lasers market.

The construction lasers of the 1ft to 100ft segment contributed the highest share of 52.1% in the construction lasers market in 2017, and is expected to grow at a CAGR of 4.2% during the forecast period. In terms of product, the line laser level segment is expected to contribute the highest market share throughout the forecast period. The line lasers are extensively used in different indoor applications, which boosts their demand in the market. The rotatory laser level segment is expected to witness the highest CAGR of 5.2% during the forecast period.

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The Asia-Pacific is anticipated to dominate the construction lasers market during the forecast period, owing to the presence of key companies and increase in construction activities in the Asian countries. Moreover, Europe and North America are expected to witness moderate growth during the forecast period.

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Key Findings of the Construction Lasers Market
In 2017, the line laser level segment dominated the global construction lasers market, in terms of revenue, and is projected to grow at a CAGR of 3.4% during the forecast period.
The 201ft and above segment is anticipated to grow at a CAGR of 4.6% during the forecast period.
The Asia-Pacific is estimated to exhibit the highest CAGR during the forecast period. Countries, such as China, Japan, South Korea, India, and Taiwan, are expected to drive the construction lasers market during the forecast period.

The major players, such as AdirPro, Stanley Black & Decker, Inc., Hilti Corporation, Johnson Level & Tool Mfg. Co., Inc., Kapro Industries Ltd., Pacific Laser Systems (Fortive Corporation), Robert Bosch GmbH, STABILA Messgerte Gustav Ullrich GmbH, Trimble, Inc. (Spectra Precision), and Topcon Corporation (Topcon Positioning Systems, Inc.), have adopted new product launch as their key strategy to expand their market foothold.

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Transformer Oil Market Demand, In-depth Analysis and Estimated Revenue Forecast Till 2030

The transformer oil market is projected to reach $4.3 Billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030. Transformer oil, also known as insulating oil, is an oil used in oil-filled transformers, which exhibits electrical insulating property. It has other properties such as superior oxidation stability, superior thermal conductivity, and enhanced stability at high temperatures. It effectively prevents the formation of acidic materials and sludge as well as facilitates effective cooling of the transformer core. The electrical properties include dielectric strength, specific resistance, and dielectric dissipation.

Rise in power consumption, increase in investment in the power sector, and expansion of electrical grids in developing countries are the major factors driving the growth of the global transformer oil market. In addition, rapid industrialization and modernization in the electrical grids supplement the demand for power transformers, which, in turn, is expected to increase the consumption of transformer oil. However, increase in adoption of dry transformers and volatility in raw material prices impede the market growth. On the contrary, R&D toward development of sustainable and recyclable transformer oil products such as bio-based oil is projected to create opportunity for key players operating in the market.

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Depending on the type, the Paraffinic Oil segment garnered the highest market share of in 2020, and is expected to maintain its dominance during the forecast period. This is attributed to rise in demand for transformer oil from electric utilities such as transmission system, power plants, and other industrial applications. In addition, benefits associated with mineral oil include high thermal, oxidation durability, cost-effectiveness, and easy availability, which are anticipated to fuel the growth of the transformer oil market in the coming years.

On the basis of function, the insulation segment acquired the largest share in 2020, in terms of revenue, and is expected to maintain its dominance during the forecast period. This is attributed to rise in demand for transformer oil to insulate high-voltage electrical infrastructures such as transformers, capacitors, switches, and circuit breakers applications in electric utilities. It is majorly used as insulation between windings and other parts of transformer, owing to its high dielectric strength, enough viscosity level, and temperature flexibility. This is further expected to fuel the growth of this segment in the upcoming years.

On the basis of end use, the power transformer segment held the largest share in 2020, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to rapid expansion of heavy industries & projects such as dams, power plants, power grids, refineries, and mills, which further increases the installation of power transformers in these applications. In addition, rise in the upgradation and expansion of existing utility power grids across the globe act as the key driving force in the growth of the transformer oil market in the coming years.

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On the basis of application, the industrial segment garnered the largest share in 2020, in terms of revenue, and is expected to grow at a CAGR of 6.1%, owing to rise in installation of standalone power generation systems in industrial applications attributable to varying loads and power demand in industrial applications. In addition, rapid growth of industries such as building & construction, chemicals, oil & gas, and railways resulted in rise in demand for transformers, which, in turn, is expected to drive the growth of the market during the forecast period.

Region wise, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the dominant share in 2020, and anticipated to maintain this trend during the forecast period. This is attributed to numerous factors such as presence of huge consumer base, rapid expansion of the energy sector, high-voltage direct current (HVDC) systems, and the existence of key players in the region. Moreover, presence of the high-power consuming countries such as China, Japan, and India are anticipated to contribute toward the growth of the transformer oil market share in the region.

The global transformer oil market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include Neste, Petronas, Sinopec Lubricant Company, Royal Dutch Shell, Exxon Mobil Corporation, Total SE, Chevron Corporation, Exxon Mobil, Repsol, and Gulf Oil International.

Other players operating in the market are Lubrita, Phillips 66 Company, Dow, Cargill Incorporated, Hydrodec Group Plc., Calumet Specialty Products Partners, L.P., Sasol, Hyrax Oil Sdn Bhd., and San Joaquin Refining Co.

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COVID-19 impact on the market

Lockdown imposed due to the outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries and electrical utilities, which decreased the demand for transformer oil from these consumers. In addition, halt in building & construction of new electric utility infrastructures, renewable power plants, grid network, and other power plants, owing to unavailability of workers and increase in demand–supply gap are projected to hamper the market growth during the pandemic period. This resulted in decline in market growth in the second, third, and fourth quarters of 2020. However, the transformer oil market trend is expected to recover by the second quarter of 2021, as COVID-19 vaccination has begun in various economies across the globe, which is expected to improve the global economy.

Key Findings Of The Study

By region, Asia-Pacific accounted for the largest market share in 2020.
By type, Naphthenic Oil segment holds the largest market share in 2020.
By function, the insulation segment accounted for the largest market share in 2020.
By end-use, the small transformer segment accounted for the largest market share in 2020.
By Application, the horizontal segment accounted for the largest market share in 2020

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Polypropylene and High-impact Polystyrene Market Outlook 2022: Application, Material, Region and Industry Forecast, 2021-2031

Allied Market Research published a new report, titled, “Polypropylene & High-impact Polystyrene Market by Application (Consumer Goods and Electronics, Household, Packaging, Horticulture and Agriculture, Construction, Automotive, Textile, Others), by Material (Polypropylene, High-impact Polystyrene (HIPS)): Global Opportunity Analysis and Industry Forecast, 2021-2031” The global polypropylene & high-impact polystyrene market was valued at $49.6 billion in 2021, and is projected to reach $81.1 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.

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Injection molding is a mass production process in which similar plastic components are produced in a large quantity. Both the thermoplastic and thermosetting plastics can be used in the injection molding process. The injection-molded polypropylene & high-impact polystyrene is largely used in packaging applications to manufacture packaging parts and components to increase the aesthetic value and consumer friendliness of the packaging products.

Furthermore, injection-molded polypropylene & high-impact polystyrene is majorly used in building and construction, owing to strength, durability, and texture of the injection-molded plastic parts. In building and construction, these polypropylene & high-impact polystyrene parts or components are mainly used for piping systems, insulations, wall boards, and roofing purposes. Factors such as low production waste and faster production process is projected to augment the growth of the injection-molded polypropylene & high-impact polystyrene market.

Based on material, the market is segmented into polypropylene and high-impact polystyrene. The high-impact polystyrene segment is estimated to grow at the highest CAGR during the forecast period, owing to the high consumption in consumer goods industry. In consumer goods industry, the high-impact polystyrene is used in the production of refrigerator linings, vending cups, bathroom cabinets, toilet seats & tanks, closures, instrument control knobs, television, and others.

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Based on application the market is segmented into consumer goods & electronics, household, packaging, horticulture & agriculture, construction, automotive, textile and others. The construction industry is the largest consumer of injection-molded polypropylene & high-impact polystyrene, owing to its inherent strength, economical nature, and easy of recyclability. Polypropylene, which is a thermoplastic polymer, is used widely in building and construction applications such as siding, air and moisture barrier membranes, carpet textiles, piping, and others.

In 2016, North America and Europe collectively accounted for more than 65% of the global polypropylene & high-impact polystyrene market for injection molding industry, in terms of value. The packaging industry also majorly contributes to the growth of the injection-molded polypropylene & high-impact polystyrene, as these polystyrenes enhance the quality of packaging.

Automobile sector in the North American and European regions is one of the large users of the polypropylene & high-impact polystyrene components. Furthermore, European legal framework and strategies foster the widespread use of injection-molded polypropylene & high-impact polystyrene products in various industries and provide growth opportunities for the market.

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Bio Jet Fuels Market Rising Trends, Growing Demand and Business Opportunities By 2030

Global bio jet fuels market is projected to reach $837.7 million by 2030, with a CAGR of 17.9% from 2021 to 2030. Bio Jet Fuel is made from sustainable sources such as vegetable oils, sugars, animal fats and even waste biomass which can be used in existing jet engines without modification. It is a renewable aviation fuel which is different from conventional jet fuel as they are not made form petroleum, yet are molecularly identical. Bio jet fuel or Sustainable Aviation Fuel is specialized form of petroleum based fuel used for powering jet and turbo propelled engine aircraft. The need for sustainable green energy development is increasing considerably across the world. The increasing CO2 content in the environment lead to the surge in the global warming in recent years, around 60-70% of the CO2 emissions across the globe is mostly due to the use of conventional aviation fuel flights.

The aviation industry has keen interest on bringing down the carbon footprint to achieve a sustainable environment and meet the stringent regulatory standards on emission. The rise in air travel and the expansion of the commercial airlines across the entire aviation industry led to the increase in the demand for sustainable aviation fuel as long term solutions for reducing greenhouse gas emissions. The increase in innovation and development of technology in the improvement of the efficiency of the extraction of the biofuels from the biomass has positive impact on the future development of the market. The increase in investment of major airlines in the procurement of bio jet fuel from the biofuel producers to improve the overall life of the aircraft and to fallow the government regulations to reduce the carbon emission are major factors driving the growth of the market.

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The increase in the technology to extract the biofuels form non-food crops with economical cost, the government policies and initiatives to support the green industries which can provide extra income to the farmers and also reduce the carbon emission during the improper handling of the agricultural waste. In addition to the presence of global fuel giants such as Shell has reached various partnership, collaboration, and acquisition in regards with the biofuel related companies in order to commercialize the biofuel, will create opportunities for the growth of the Bio jet fuels market.

In addition to the above mentioned factors, these bio jet fuels can be used in the aviation sector using the existing infrastructure led to the reduction in the external infrastructure which are used in airports and other transportation places is another positive factor for the growth of the market.

The rapid innovation and investment of new entrants to develop alternative Jet Fuels and the presence of very few refineries to meet the on-going demand for biofuels is a negative impact on the development of the market. The stringent regulation of the government to the manufacturer to follow the guidelines has led to the additional investment of the biofuel producer. The low availability of fuel have limited the blending capacity of the fuel which led to the lowering the efficiency. The above mentioned factors are all hampering the development of bio jet fuel market during the forecast period.

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The Bio jet fuels market is segmented on the basis of feedstock and technology, type, application, and region.

On the basis of feedstock and technology, the global Bio jet fuels market is segmented into First generation, Second generation, Third generation, and Fourth generation. On the basis of type, the market is segmented into hydrogenated vegetable oil and Fischer-Tropsch. On the basis of application, the global Bio jet fuel market is segmented into commercial, military, and private.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.

The major companies profiled in bio jet fuels industry include Archer Daniels Midland Company, Argent Energy, GEVO, Honeywell International Inc., KFS Biodiesel GmbH & Co KG, Petrosun, Inc., Red Rock Biofuels, Shirke energy, Targray Technology International Inc., and Vega Biofuels. Rapid urbanization, and air transportation infrastructure in emerging economies and increase in awareness among the people and the business elites regarding the impact of application of conventional fuels in the aviation sector, especially over the environment has fuelled the demand for Bio jet fuels as it could reduce the carbon emission by 60-70%. Additional growth strategies such as expansion of production capacities, acquisition, and partnership in the development of the innovative products from manufacturers have helped to attain key developments in the global Bio jet fuels market trends.

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Impact Of Covid-19 On The Global Bio Jet Fuels Market

Emergence of COVID-19 had a negative impact on the growth of the Bio Jet Fuels market during this period.
This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline of demand power hence decrease in the demand for Bio Jet Fuels market during this period.
The decrease in demand for many non-essential products and shut down of electrical, automotive, and other manufacturing related industries has created a negative impact on the development of Bio Jet Fuel market
The increasing demand for environment friendly manufacturing products and increase in awareness among the people towards the environment will hamper the growth of Bio Jet Fuels market.
Thus, the abovementioned factors are expected to have great impact on the development of Bio Jet Fuels market growth in this forecast period.

Key findings of the study

By region, North America Bio Jet Fuel market accounted for the largest market share in 2020.
By type of feedstock and technology, the Second Generation segment accounted for the largest market share in 2020.
By type, the Hydrogenated Vegetable Oil segment accounted for the largest market share in 2020.
By application, the commercial segment accounted for the largest market share in 2020.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Pet Grooming Products (Industry) Market Size is Estimated to Expand at a CAGR of 4.5% From 2018 to 2025 – U.S. Pet Grooming Products market Accounted for Nearly 30% of the Global Market

According to a new report published by Allied Market Research titled,“ Pet Grooming Products Market by Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,”the global pet grooming products market size was valued at $3,872 million in 2017, and is projected to reach at $5,488 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. In 2017, the U.S. pet grooming products market accounted for nearly 30% of the global market.

Rise in trend of nuclear families, rapid humanization of pets, and increased awareness about pet health drive the growth of the global pet grooming products industry. In addition, increase in ownership of pets in developing nations and rise in e-commerce sales offer opportunities for the market players. However, increase in concerns about allergies associated with pets is anticipated to hamper the market growth.

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According to the Asthma and Allergy Foundation of America, in the U.S., nearly 30% of the people with allergies suffer from allergic reactions to cats and dogs. Exposure of cat and dog allergens can lead to various reactions such as stuffy nose, swelling & itching of skin membranes, and inflamed eyes. Increase in prevalence of pet allergies among people constraints the adoption rate of pets, thus hampering the pet grooming products market growth.

The pet grooming products such as shampoos & conditioners are expected to gain huge market share, as these not only help in keeping pets clean but also help prevent skin diseases and hair fall.

The online platform of distribution channel is expected to witness an exponential growth due to rise in penetration of internet & smartphones and development of the e-commerce industry. According to the World Bank, as of 2016, approximately 77.7% of the population in North America are internet users, followed by Europe and Central Asia, accounting for around 72.9% of the population as internet users. In addition, access to internet and online pet product supplies has provided pet owners a platform where they can easily compare assorted products and prices, and shop with comfort. Some of the popular online retailers in pet grooming products market are Chewy.com, Amazon.com, Walmart.com, and Petco.com.

The supermarket/hypermarket segment generated the highest revenue in 2017, as they offer one-stop shopping experience along with a broad product range. Conversely, online sale has witnessed the highest growth rate, as it offers a wide variety of products to pet owners, and is one of the convenient shopping methods.

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North America pet grooming products market share is expected to account for the highest market share, owing to surge in adoption of specialized, advanced, and premium pet grooming products in the U.S. Moreover, increase in disposable income and rise in popularity of pet grooming products in emerging economies, such as China and India, are anticipated to boost the demand for pet grooming products in Asia-Pacific. In Brazil, the increased frequency of adopting pets can be seen due to the growth of middle-class population. This leads to increase in demand of pet care products and accessories, which in turn drives the growth of the market in this region.

According to the U.S. Census Bureau, by 2016, around 69% of children under age of 18 were living in families with two parents and around 23% of children under age of 18 were living with single mother. Busy lifestyle, increase in single parenthood, and domestic violence are some of the factors that result in increased trend of nuclear families. Therefore, companionship is one of the driving factors behind pet ownership. As per the Pet Food Manufacturing Association (PFMA), in 2015, more than 58 million were adopted in every household, out of which 25% of dogs and 16% of cats were adopted as pets across the globe.

Key players profiled in the report include Ancol Pet Product Limited, Beaphar, Ferplast S.P.A., Johnsons Veterinary Products Ltd., PetEdge, Rolf C. Hagen Inc., Rosewood Pet Products, Ryans Pet Supplies, The Hartz Mountain Corporation, and Wahl Clipper Corporation.

The other prominent players in the pet grooming products industry include Pet Brands Ltd. (UK), Just For Pets Ltd. (UK), Bob Martin (UK), Petco Animal Supplies, Inc. (U.S.), and Groomers Delight (New Zealand).

Key findings of the Pet Grooming Products Market:

In terms of value, the pet shampoo & conditioner segment is expected to grow at a CAGR of 5.0% during the forecast period.
North America is expected to dominate the market, registering a significant CAGR of 3.9% in terms of value.
Asia-Pacific is projected to show exponential growth throughout the forecast years, growing at a CAGR 6.2%, in terms of value.
The supermarket/hypermarket distribution channel is anticipated to dominate global pet grooming products market, registering a CAGR of 4.9%.
China accounted for more than half of the total Asia-Pacific pet grooming products market in 2017.
In the global pet grooming products market, India is expected to grow at a CAGR of 7.6%, in terms of value.

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Blow Molding Machine Market Size Was $4.7 Billion In 2020 | Growing At A CAGR Of 3.8% From 2021 To 2030

The blow molding machine market size was $4.7 billion in 2020, and is estimated to reach $6.9 billion by 2030, growing at a CAGR of 3.8% from 2021 to 2030.

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Injection blow molding, extrusion blow molding, and injection stretch blow molding are commonly observed types of blow molding machines. The injection stretch blow molding segment accounted for the highest market share in 2020, owing to increase in demand for packaging media like bottles and plastic containers. According to application, market is segmented into packaging, automotive, construction, and others. As per the raw material, market is fragmented into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (pet), and others. The market is mainly driven by increase in packaging applications by pharmaceutical and food & beverages industry. However, use of substitute technology for plastic molding constraints the growth of the blow molding machine market.

In 2020, Asia-Pacific dominated the global blow molding machines market, in terms of revenue, followed by North America and Europe. Moreover, the market in Asia-Pacific increases with high CAGR of 4.3%, owing to growth in use of blow molding machines for automotive industry components.

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The advancements in blow molding machine technologies have significantly decreased the production cost and reduced the wastage during the production. The blow molding machines are extensively used for many applications across the industries, such as automotive, packaging, construction, and pharmaceutical. This is owing to availability of blow molding machines various sizes and capacities. In addition, advancement in computer-based technologies enables the machines to be more productive while maintaining the production and labor costs low. These factors positively influence the blow molding machine market growth.

The blow molding machines market witnessed significant growth in past few years, owing to surge in spending on packaging mediums and other plastic components.

Rise in automotive sector, especially in high income countries such as the U.S, Canada, UK, and Germany fuels the demand for blow molding machine. Furthermore, increase in investment in pharmaceutical industry in the countries, such as China and India increases the demand for packaging products, such as bottles and other packaging materials thereby increasing the demand for blow molding machines. Furthermore, many manufacturers of blow molding machine offer entry-level blow molding machines for small businesses. In addition, advancements of technologies enable the blow molding machines to produce less waste and be energy-efficient. These factors help blow molding machine manufacturers to expand the range of products, due to their high demand.

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Moreover, integration of computer-based technologies plays a key role in development of efficient and automated blow molding machines that require minimal operator input, thereby, providing lucrative opportunities for the growth for the market

Furthermore, on the basis of material type, the others segment is anticipated to grow rapidly, during the forecast period, owing to launch of more powerful blow molding machines and increase in demand for solid plastic packaging containers.

For instance, in July 2019, Meccanoplastica launched new K2019 machinery: Jet 85 all-electric injection blow molding machine. The newly launched machine has three stations and can produce containers in round as well as square shape.

However, during the pandemic lockdown, various manufacturers in the blow molding machine market halted their business in countries, such as China, the U.S., and India. This halt directly impacted sales of blow molding machines manufacturing companies. In addition, lack of manpower and raw materials constricted the supply of blow molding machine components, which negatively influenced the growth of the market. However, reopening of production facilities and introducing vaccines for coronavirus disease are anticipated to re-open the blow molding machine companies.

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The key companies profiled in the blow molding machine market forecast include Blow Enterprises, Chia Ming Machinery Co., (Chia Ming) Ltd, GOLFANG Mfg. & Development Co., Ltd., Jagmohan Pla-Mach Pvt. Ltd., Jiangsu Victor Machinery Co., Ltd., Jomar Corporation, Nissei Asb Machine Co., Ltd, Polymechplast Machines Ltd., Sumitomo Heavy Industries, Ltd., and The Japan Steel Works, Ltd.

KEY FINDINGS OF THE STUDY

The report provides an extensive analysis of the current and emerging blow molding machine market trends and dynamics.
Depending on type, the injection stretch blow molding segment dominated the blow molding machine market share, in terms of revenue in 2020 and the injection blow molding segment is projected to grow at a significant CAGR during the forecast period.
By end user, packaging segment registered highest revenue in2020.
Asia-Pacific is projected to register highest growth rate in the coming years.
The key players within the blow molding machines market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the blow molding machine market.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth blow molding machine market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

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Gas Engine Market – Global Industry Analysis | Opportunity Assessment, 2031

Gas Engine Market Top Contenders

The major companies profiled in gas engine market report include Cummins Inc., Caterpillar, Mitsubishi Heavy Industries, Ltd., Rolls-Royce plc, Volkswagen AG, Wärtsilä, Kohler Co., Yanmar Co Ltd., Hyundai Heavy Industries Co., Ltd., China Yuchai International Limited, Siemens, Doosan Corporation, Cooper Corp., INNIO, Kawasaki Heavy Industries, Ltd., Man SE, and JFE Engineering Corporation.

According to a new report published by AMR, the gas engine market size was valued at $4.2 billion in 2021, and gas engine industry is estimated to reach $6.0 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031.

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North America would exhibit CAGR of 3.4% during 2022-2031.

As per global gas engine market analysis, by fuel type, the natural gas segment accounted for the largest share in 2021.

By power output, above 15MW type gas engine was the leading segment in 2021.

By application, power generation segment was the highest revenue contributor in 2021.

By end-use, utilities segment has largest market share in 2021.

The demand for gas engines is rising in the power generation industry with new emission control regulations. The industrial sector, including chemicals, metals, and manufacturing industries, is a major contributor to the escalating demand for gas engines. The production of natural gas, which is required for the functioning of gas engines, is growing at a significant rate.

Gas engines are less expensive, environmentally friendly, reliable, and efficient than engines based on other fuel sources, which is propelling their demand. According to Eurostat, natural gas accounts for ~36% of the EU energy consumption. High use in applications such as heating, electricity generation, and vehicle functioning is bolstering the demand for natural gas engines.

The electric power, automotive, manufacturing, and transportation industries, among others, in developing countries are highly dependent on fossil fuels. Rise in population and the lack of supporting infrastructure for electric technologies are the major factors supporting the gas engines market.

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Electric motors, electric devices, solar plants, and wind projects are more expensive than gas engines, which is driving the preference of various countries toward gas engines as an environment-friendly solution.

Due to rapidly development of industrialisation, modernization and spread of information through internet led to the development of demand for data centers, heavy manufacturing industries, and light manufacturing industries which in-turn has fuelled the demand for gas engine.

Expansion of production capacities, acquisition, partnership and research & innovation in the gas fired power generation systems has led to attain key developments in the global gas engine market trends.

COVID-19 analysis:

COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies.

In several countries, the renewable sector is mainly dependent on imports from other regions, primarily China. Around 60% of engines and generation sets are produced in the U.S. and are supplied across the globe.

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A gas engine is a type of heat engine. It is an internal combustion engine, which functions on fuels such as natural gas, landfill gas, biogas, propane. In addition, it also runs on gasoline and diesel. It provides excellent durability and drivability. This engine is more commonly utilized in automotive vehicles.

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Heat Exchanger Market Insights by Growth, Emerging Trends and Forecast By 2030

Global heat exchanger market is projected to reach $28.3 billion by 2030, at a CAGR of 5.5% from 2021 to 2030. Heat exchangers are devices designed to transfer heat between two or more fluids that is liquids, vapours, or gases of different temperatures. Depending on the type of heat exchanger employed, the heat transferring process can be gas-to-gas, liquid-to-gas, or liquid-to-liquid and occur through a solid separator, which prevents mixing of fluids or direct fluid contact. Other design characteristics, including construction materials and components, heat transfer mechanisms, and flow configurations, also help to classify and categorize the types of heat exchangers available. In addition a diverse selection of these heat exchanging devices is designed and manufactured for use in both, heating and cooling processes application across a wide range of industries.

Heat exchangers help control fluid temperatures in food, beverages, and pharmaceutical processing for pasteurization, sterilization, clean-in-place, and other hygienic operations. In addition, ingredients in cosmetics and pharmaceuticals are mixed at specific temperatures to ensure safe use and product quality are done by heat exchangers. However, rise in pharmaceutical, cosmetic, chemical, and petrochemical industries across the globe is expected to act as a major driving factor for the growth of the heat exchanger market.

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The heat exchanger industry is segmented on the basis of type, end-user industry, material of construction, and region. On the basis of type, the market is categorized into shell and tube, plate and frame, air-cooled, microchannel heat exchanger, and others. On the basis of end-user industry, it is divided into chemical, petrochemical, oil & gas, HVACR, food & beverages, power generation, and others. On the basis of material of construction, it is classified into carbon steel, stainless steel, nickel, and others. The others segment further includes, nickel alloys, titanium, copper, and molybdenum. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global heat exchanger market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Accessen Group, Ala Laval, API Heat Transfer, Chart Industries., Danfoss A/S, Hisaka Works. Ltd., Exchanger Industries Limited, Koch Industries, Inc., Thermofin Gmbh, and Xylem.

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The global heat exchanger market is analyzed and estimated in accordance with the impacts of drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the heat exchanger market growth.

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Impact Of Covid-19 On Global Heat Exchanger Market

The manufacturing of heat exchanger stopped for a specific period due to high peak of COVID-19, which highly impacted sales of the heat exchanger.
According to the Organization for Economic Co-operation and Development (OECD), a surge in the price of crude oil began during the lockdown, due to extensive supply and less demand, which increased the production of electricity. However, there is no impact of COVID-19 on the heat exchanger market, due to the extensive production of oil.
Sales of heat exchanger is directly proportional to the demand for oil & gas. The oil & gas industry is negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in crude prices in 2020 due to the resumed overflow production, However, the continued upstream activities has not impacted the demand for heat exchanger.
COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to less workforce. However, there is a sluggish decline in the global heat exchanger market due to impact of COVID-19.
Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using heat exchanger and thereby, affecting the global heat exchanger market.
According to the UNIDO, 30.0%–70.0% of pre-COVID-19 workforce of various industries, such as chemical, petrochemical, oil & gas, HVACR, food & beverages, power generation, and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in decline in demand for raw materials used in heat exchanger. This is expected to decline the growth of the market during the forecast period.
The COVID-19 pandemic has had a swift and severe impact on the globally integrated automotive industry. Factors include, disruption in Chinese parts exports, large scale manufacturing interruptions across Europe, and closure of assembly plants in the U.S. However, with decrease in sales of automobile led to decrease in the sales of radiator which in turn to gives a high impact on the heat exchanger market.

Key Findings of Study

On the basis of type, the shell and tube segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
On the basis of end-user industry, the chemical segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
On the basis of material of construction, the stainless-steel segment registered the highest market share and is projected to maintain the same during the forecast period.
On the basis of region, the LAMEA region registered the highest market share and is projected to maintain the same during the forecast period.

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Chimney Caps Market Size Expected to Generate 1.6% of CAGR by 2031

The Chimney Caps Market size was $112.1 million in 2017, and is expected to reach $128.0 million by 2025, growing at a CAGR of 1.6% from 2018 to 2025. In 2017, North America dominated the global market, in terms of revenue, accounting for about half of the share of the global market. A chimney cap which is also known as chimney shroud is a shield like structure which is installed on the chimney. It is basically a fireplace termination cap, which protects the inner chamber of chimney from water and other debris. It is majorly used in residential and non-residential sector to prevent the escape of burning particles from chimney pipe.

Top Leading Players

The report includes players such as Artis Metals Company Inc, Chim Cap Corp, Chimney King, Fireplace Essentials, GLL, HY-C, National Chimney, Olympia Chimney Supply Inc, OWENS CHIMNEY SYSTEMS Inc., and Stromberg.

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The market for chimney caps is primarily driven by rise in inclination toward the concept of fireplace mantel decor in residential sector. The chimney cap restricts small animals and birds from entering and blocking sparks from leaving the chimney, reduction in heating & gas bill, provision of a pleasing look, and maintaining a dry chimney act as drivers for the market. However, the location where the chimney cap is fitted can cause decolorization of that region and allow the accumulation of creosote or soot, which may be a major restraint for the market. The higher investments in the residential construction and manufacturing sectors are expected to provide lucrative opportunities for the growth of the chimney caps market.

Growing awareness about the beneficial usage of chimney caps such as restriction to entry of birds, squirrels, and other small animals inside the chimney and thereby the home through the fireplace is estimated to cater to the growth of the chimney caps market. Furthermore, increase in do-it-yourself (DIY) users in couple with easy installation of chimney caps is anticipated to encourage the market growth in the coming years. However, the inefficiency caused by chimney caps in heavy winter storms, snow and ice is expected to hinder the growth of the chimney caps market.

In 2017, Europe registered a significant growth rate in the chimney caps market and is expected to continue this trend during the forecast period, owing to increased focus toward adoption of chimneys in the residential sector. In addition, the single flue segment secured the highest share in the chimney caps market in 2017 and is expected to grow at a promising CAGR during the forecast period. In terms of application, residential sector is expected to contribute the highest market share in the coming years. Moreover, increase in emphasis on non-residential sector is expected to provide lucrative growth opportunities to small players in developing economies.

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