A Market Place Research – Page 1434

Mobile Virtualization Market Demands Drive Exponentially to 2026 | At a CAGR of 18.6%

Enhanced data security offered by mobile virtualization, the rise in need for improved employee efficiency, and cost-saving associated with mobile virtualization solutions drive the growth of the global mobile virtualization market.

On the contrary, performance and compatibility issues hinder market growth. However, the surge in demand for workspace as a service would open new opportunities for the market players in the coming years.

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The global mobile virtualization market is segmented on the basis of technology, organization size, industry vertical, and geography. Based on technology, the market is divided into hypervisor and application containers.

The application containers segment is anticipated to portray the highest CAGR of 20.5% during the study period. However, the hypervisor segment dominated the market in 2018, accounting for more than three-fifths of the market.

On the basis of organization size, the market is bifurcated into large enterprises and small & medium enterprises. The large enterprise segment held the largest share in 2018, accounting for more than three-fifths of the total revenue. However, the small & medium enterprise segment is expected to register the highest CAGR of 21.4% during the study period.

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Based on industry vertical, the market is categorized into IT & telecom, construction & manufacturing, BFSI, healthcare, public sector, retail, education, and others. The healthcare segment is expected to portray the highest CAGR of 23.9% during the study period. However, the IT & telecom segment dominated in 2018, contributing to more than one-fifth of the market.

The global mobile virtualization market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market Asia-Pacific region is projected to portray the highest CAGR of 20.9% during the study period. However, the market across North America held the lion’s share in 2018, accounting for nearly two-fifths of the market.

The global mobile virtualization market report includes an in-depth analysis of the prime market players such as Blackberry Limited, Citrix Systems, Inc., Microsoft Corporation, Samsung Electronics, Cellrox Ltd., Broadcom Inc., IBM Corporation, Oracle Corporation, Toshiba Corporation, and VMware, Inc.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Desktop Virtualization Market

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Coiled Tubing Market Estimated to Hit $4.7 Billion by 2030

The coiled tubing market size was valued at $3.0 billion in 2020, and is projected to reach $4.7 billion by 2030, growing at a CAGR of 4.5% from 2021 to 2030. Coiled tubing is the continuously manufactured tubular product usually made up of steel and is flexible enough to be coiled onto a large reel. Coiled tubing unit consists of number of necessary equipment including reel, injector head, control cabin, power pack, well control stack assembly, and others. It is commonly used in the operations such as cleaning wellbore, fishing operations, stimulation of new & existing wells, drilling, production, and well intervention services. Key benefits associated with coiled tubing technology are safe & efficient live well operation, rapid mobilization, less production time, reduced manpower, cost reduction, and others.

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Significant development of the end-use industries such as oil & gas, mining, manufacturing, construction, automotive, and others, fuels the demand for oil &gas for their various operations, which in turn is expected to drive the growth of the coiled tubing market. In addition, rise in investment toward horizontal drilling and offshore oil & gas exploration &production drives the growth of the market, globally. However, implementation of stringent government regulations toward environmental pollution from combustion of oil & gas and rapid development of the electric vehicle sector are the key factors hampering the growth of the global market in the upcoming years.

Depending on the operation, the pumping segment held the highest market share of about 36.1% in 2020, and is expected to maintain its dominance during the coiled tubing market forecast period. This is owing to rise in demand for coiled tubing from variety of fluid pumping operations such as oil well cementing, pressure testing, solvent pumping, acidizing treatments and others. In addition, there is an increase in need for acid pumping operation, to open the pores of limestone layers, which drives the growth of the market during the forecast period.

On the basis of location, the onshore segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to rise in demand for oil & gas and related products led to increase in the demand for coiled tubing. In addition, rise in onshore sites propels the market growth, as onshore sites are easily operatable and it takes less years for production in comparison to offshore. Moreover, 70.0% of the world’s oil &gas come from onshore sites, which notably contribute toward the growth of the coiled tubing market during the forecast period.

On the basis of application, the well intervention segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to rise in demand for oil &gas products across the globe in various end use applications including building & construction, transportation, power generation, and others increases the demand for well intervention services to enhance the production of operational and abandoned oil & gas wells.

On the basis of region, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. North America garnered the dominant share in 2020, and is anticipated to maintain this dominance in coiled tubing market trend during the forecast period. This is attributed to the presence of key players and huge consumer base in the region. In addition, recent developments of shale oil reserves in the region are further projected to fuel the growth of the coiled tubing market during the analyzed time frame. The huge production and exportation of oil anticipated to fuel the demand for coiled tubing services, which in turn is projected to fuel the growth of the market in the upcoming years.

The coiled tubing market analysis covers in-depth information of the major coiled tubing industry participants. The key players operating and profiled in the report include Altus Intervention, Calfrac Well Services Ltd., Baker Hughes Company, Halliburton, Step Energy Services, Key Energy Services, LLC, Oceaneering International, Inc., Schlumberger Limited, Trican, and Weatherford International PLC.

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Key Findings Of The Study

In 2020, the pumping segment accounted for about 36.1% of the share in the global coiled tubing market, and is expected to maintain its dominance till the end of the forecast period.
In 2020, the onshore segment accounted for 60.8% coiled tubing market share in the year 2020, and is anticipated to grow at a rate of 4.2% in terms of revenue, increasing its share in the global market.
In 2020, the well intervention segment accounted for about 51.4% of the share in the global coiled tubing market, and is expected to maintain its dominance till the end of the forecast period.
Drilling is the fastest-growing application segment in the global coiled tubing market, expected to grow at a CAGR of 5.4% during 2021–2030.
In 2020, North America dominated the global coiled tubing market with more than 32.8% of the share, in terms of revenue.

COVID-19 impact on the market

The global coiled tubing market has witnessed steady growth in 2020, owing to outbreak of the COVID-19 pandemic. The outbreak has negatively impacted various industries and countries, thereby decreasing manpower across the globe, which, in turn, decreased consumer spending and thus, decreased the demand for oil & gas products, vehicles, construction equipment and others which is resulted in hampering the coiled tubing market growth. However, owing to the lockdown imposed across the globe, there is supply-demand gap, which resulted in halt in supply for equipment used in coiled tubing production. In Europe, economies, such as Germany, France, Spain, and Italy, were following stringent measures, such as maintaining social distance and limiting movements, to prevent the spread of coronavirus. Moreover, such safety measures have been witnessed across the globe, which further impacted the growth of the global market.

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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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Analytics as a Service Market In-Depth Analysis and Marketing Strategies by 2026

Rise in the adoption of social media applications, the increase in demand for advanced technologies to process high workloads through the cloud, and the lower cost of ownership drive the growth of the global analytics as a service market.

On the other hand, data security and privacy issues hinder growth to a certain extent. Nevertheless, the surge in the use of machine-generated data is expected to provide an array of lucrative opportunities for the key players in the industry.

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According to the report, the global analytics as a service industry was estimated at $9.62 billion in 2018 and is expected to hit $126.48 billion by 2026, registering a CAGR of 38.1% from 2019 to 2026.

The global analytics as a service market is segmented on the basis of component, analytics type, deployment type, industry vertical, and region.

Based on the component, the market is bifurcated into solutions and services. The solution segment contributed to nearly two-thirds of the global analytics as a service market share in 2018 and is expected to dominate throughout the forecast period. On the other hand, the service segment would grow at the fastest CAGR of 40.3% by the end of 2026.

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Based on the deployment type, the market is classified into a private cloud, public cloud, and hybrid cloud. The public cloud segment accounted for nearly half of the global analytics as a service market revenue in 2018 and is anticipated to rule the roost during the estimated period. Contrarily, the hybrid cloud segment would register the fastest CAGR of 43.0% from 2019 to 2026.

Based on geography, the analytics as a service market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America held the largest share in 2018, generating nearly half of the global AaaS market. Simultaneously, the region across Asia-Pacific is expected to manifest the fastest CAGR of 44.4% during the study period.

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The key market players in the report include Accenture, Atos SE, Google, Inc., Amazon Web Services (AWS), Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute Inc., and Hitachi Solutions, Ltd.

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Internet of Everything (IoE) Market Growth is Set to Exhibit a 16.5% CAGR by 2030

Surge in demand for connected devices, affordability of cloud computing services, improved internet access, and low sensor & processor costs drive the growth of the global internet of everything (IoE) market. However, limitations associated with security, integrity, and privacy data in connected devices restrain the market growth.

On the other hand, rise in investments in information and communications technology (ICT) by governments in numerous established and emerging countries create new opportunities in the coming years.

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Based on component, the hardware segment held the highest market share in 2020, accounting for more than half of the global internet of everything market, and is projected to maintain its leadership status during the forecast period. This is due to rise in the penetration of smartphones and the usage of 3G and 4G networks.

However, the services segment is expected to manifest the highest CAGR of 19.5% from 2021 to 2030, owing to increase in the adoption of IoE technologies and solutions across major and evolving B2B verticals such as retail, healthcare, public, and manufacturing sectors.

Based on industry vertical, the manufacturing segment accounted for the largest market share in 2020, contributing to more than one-fourth of the global internet of everything market, and is expected to maintain its lead position during the forecast period.

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Due to increase in investments by manufacturers in IoE technology and solutions to simplify the processes, gain optimum outcomes, and meet the customers’ growing requirements. However, the healthcare segment is projected to register the largest CAGR of 19.8% from 2021 to 2030, owing to advancements in medical technology, high adoption of healthcare-connected devices, and the need to track the location of medical devices, patients, and personnel.

Based on region, North America contributed the highest market share in terms of revenue in 2020, holding nearly two-fifths of the global IoE market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to an increase in investments in the government sector and technological advancements in the telecom industry.

However, Asia-Pacific is projected to portray the fastest CAGR of 20.4% during the forecast period, owing to the rise of the manufacturing industry in the region that requires supply chain connectivity, asset monitoring, workplace safety management, and energy management.

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Covid-19 Scenario

During the Covid-19 pandemic, the adoption of internet of everything applications surged considerably among large and small retailers. This is due to lowered maintenance costs and rise in efficiency by using wireless systems and sensors in remote locations.
The adoption of remote working culture increased considerably during the pandemic. This led to surged application of internet of everything by organizations for ensuring seamless operations and improving productivity.

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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. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Coconut Products Market Size is Likely to Reach a Valuation of Around $31.1 Billion by 2026 – Report by AMR

Coconut Products Market by Type (Coconut Water, Coconut Oil, Coconut Milk, Dried Coconut Products, and Others), Application (Food, Beverage, Cosmetics, and Others), and Form (Solid and Liquid): Global Opportunity Analysis and Industry Forecast, 2019-2026″. According to the report, the global coconut products industry was pegged at $12.75 billion in 2019 and is projected to reach $31.1 billion by 2026, registering a CAGR of 13.6% from 2019 to 2026.

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Major motives for market growth

Rise in usage of coconut-based products in food & beverage applications and high demand for coconut oil in the cosmetic industry have boosted the growth of the global coconut products market. However, the stagnant or slight decline in production of coconut relative to the increasing demand hampers the market growth. On the contrary, growth in consumption of processed food products due to rise in urban population and demand for coconut-based products are expected to create lucrative opportunities in the near future.

Coconut oil segment dominated the market

The coconut oil segment held the largest share in 2019, accounted for around half of the global coconut products market, as it is used in wide range of hair and skin care products across the globe. However, the coconut water segment is projected to register the fastest CAGR of 23.8% during the forecast period, owing to increase shift toward fitness and health and increase in demand for natural alternatives to caffeinated and sugar-based energy drinks.

Beverage segment to manifest the fastest growth by 2026

The beverage segment is expected to register the fastest CAGR of 14.7% during the forecast period, owing to increase in demand for coconut water as a natural energy drink due to its nutritional properties. However, the cosmetics segment held the largest share in 2018, contributing to around three-fifths of the global coconut products market, due to growth of their application in skin and hair care products and rise in trend of using organic ingredients in cosmetics.

Asia-Pacific region held the largest share, followed by Europe and North America

The global coconut products market across Asia-Pacific held the largest share in 2018, accounted for nearly three-fifths of the market. Moreover, the region is projected to register the fastest CAGR of 14.3% during the study period. This is due to growing awareness regarding coconut water as a sport or refreshment drink and as an ingredient in clean-label skincare products. On the other hand, the market across North America is projected to register a CAGR of 11.8% during the forecast period.

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Major market players

The Coconut Company (UK) Ltd.
Vita Coco
Marico Ltd.
Metshu exports (PVT) ltd
Sambu Group
Klassic Coconut
Cocomate
Universal Coco Indonesia
Cocotana Coconut Products
Thai Coconut Public Company Limited

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Luminaire and Lighting Control Market to Generate $130.56 billion by 2030, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the luminaire and lighting control market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.
Allied Market Research published a research report on the luminaire and lighting control market. The findings of the report states that the global market for luminaire and lighting control generated $72.72 billion in 2020, and is projected to reach $130.56 billion by 2030, witnessing a CAGR of 6.44% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

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The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Rise in need to reduce energy consumption, increase in awareness about energy management, and presence of government regulations on the use of energy-efficient products are expected to drive the growth of the global luminaire and lighting control market. On the other hand, high installation cost is expected to hi der the growth to some extent. However, growing popularity of smart cities is expected to create ample opportunities for the industry.
“The luminaire and lighting control market share in Asia-Pacific is expected to witness growth at the highest rate during the forecast period, owing to increase in the population and adoption of enhanced technologies in smart infrastructure in developing countries such as India, China, and Indonesia. Also, various product launches and advancements in technologies in the lighting market anticipate a huge growth in the Asia-Pacific luminaire and lighting controls market,” said Avinash Savekar, Lead Analyst, Semiconductor and Electronics.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the luminaire and lighting control market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global luminaire and lighting control market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns resulted in the closure of various industries, including those of luminaire and lighting control, which negative impacted its demand. In addition, all sorts of infrastructure and installation projects were temporarily closed which further aggravated the impact on the market. This is majorly due to the strict social distancing restrictions imposed by the government to limit the spread of the virus during the pandemic. However, the market is expected to recoup soon.

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The report offers a detailed segmentation on the global luminaire and lighting control market based on product, component, light, technology, application, and region.
Based on product, the luminaire segment held the largest market share in 2020, holding more than four-fifths of the global market. The lighting control segment, on the other hand, is expected to cite the fastest CAGR of 11.5% during the forecast period.
Based on light the LED segment held the dominating market share in 2020, holding nearly two-fifths of the global market. The fluorescent segment, on the other hand, is expected to cite the fastest CAGR of 7.0% during the forecast period.
Based on region, the market across North America held the lion’s share in 2020, holding more than one-third of the global market. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 7.7% during the forecast period.
The key players analzyed in the global luminaire and lighting control market report include General Electric (U.S.), OSRAM AG (Germany), Philips N.V. (The Netherlands), Dialight (UK), Legrand S.A. (France), Acuity Brands, Inc. (Georgia), Cree, Inc. (U.S.), Eaton Corporation (U.S.), Lutron Electronics Co., Inc (U.S.), and Hubbell Incorporated (U.S.)

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Audio CODEC Market Is Expected to Generate $14.12 billion by 2027, States the Report Published by Allied Market Research

A lead analyst at AMR highlighted that the audio CODEC market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.

Allied Market Research published a research report on the audio CODEC market. The findings of the report states that the global market for audio CODEC generated $11.44 billion in 2019, and is projected to reach $14.12 billion by 2027, registering a CAGR of 4.1% from 2020 to 2027. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Significant surge in demand for energy efficient audio systems, increase in the adoption of smart phones, and extensive application in various sectors such as entertainment, gaming, consumer electronics, and automotive are expected to drive the growth of the global audio CODEC market. On the other hand, adverse effects of audio codec devices on health and environment hinder the growth to some extent. However, emergence of IoT-enabled devices integrated with artificial intelligence is expected to create ample opportunities for the growth of the market.

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“The audio CODEC market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to substantial demand for consumer electronics. Moreover, there is increase in disposable income of population in the region, which, in turn, boosts demand for audio CODECs,” said Umang Vashishtha, Lead Analyst, Semiconductor and Electronics.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the audio CODEC market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global audio CODEC market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns resulted in the closure of various manufacturing facilities, including those of audio CODEC, which adversely impacted its demand during the pandemic. In addition, strict regulations on import and export of raw materials by the government further aggravated the impact on the market. This was majorly due to the stringent social distancing regulations imposed by the government to curb the spread of the virus during the pandemic. However, the market is expected to recoup soon.

The report offers a detailed segmentation of the global audio CODEC market based on function, end-use and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

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Based on function, the without DSP segment accounted for the largest share in 2019, holding more than three-fourths of the global market. The with DSP segment, on the other hand, is expected to cite the fastest CAGR of 4.9% during the forecast period.

Based on end use, the phones segment contributed to the highest share in 2019, accounting for more than two-fifths of the global market. The smart home segment, on the other hand, is expected to cite the fastest CAGR of 8.0% during the forecast period.

Based on region, the market across Asia-Pacific region held the largest market share in 2019, garnering more than one-third of the global market. In addition, the same segment is expected to cite the fastest CAGR of 4.8% during the forecast period. The report also analyses other regions such as North America, Europe, and LAMEA.

The key players analyzed in the global audio CODEC market report include Analog Devices, Cirrus Logic, CML Microelectronics, Dialog Semiconductor, DSP Group, Maxim Integrated, Realtek Semiconductor, ROHM CO. LTD., STMicroelectronics, and Texas Instruments.

Humectants Market Share, Size, Trend, Type, Application, Key Players, Regional Analysis, Drivers, Restraints and Forecast 2023

Humectants Market report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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Humectant is a substance, which is produced using natural and synthetic sources for absorbing moisture from the air into the skin. Most of the skin care product manufacturers prefer using synthetic humectants due to their low cost as compared to natural ones. However, synthetic humectants help in preventing moisture loss to some extent, but they do not offer real nutrients to the skin and can damage skin over time. Natural humectants help attract water to the surface of the skin, and also deliver hydration and nutrients to the deeper layers of the skin. Thus, these help the skin to keep itself hydrated for a certain period.

According to a new report published by Allied Market Research, titled, Global Humectants Market by Type and Application: Opportunity Analysis and Industry Forecast, 2017-2023, the global humectants market size was worth $17,800 million in 2016, and is projected to reach $29,500 million by 2023, registering a CAGR of 7.2% from 2017 to 2023. The food & beverages segment garnered more than one-third share of the global market in 2016.

The demand for humectant has increased in the recent years, owing to rise in use of humectant for extending product shelf life, retaining moisture, and increasing product’s effectiveness. Moreover, increase in demand from food & beverages application along with rise in demand from cosmetics & change in lifestyle drives the global humectants market. Moreover, technological changes in the food & cosmetic industry along with rise in population fuels the market growth. A few of the humectants are derivatives of petroleum products; thus, volatility in crude oil prices could hamper the growth of the global market.

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The sugar alcohol segment accounted for more than one third share of the global market in 2016, owing to the increase in demand from the skin care and food & beverage segment. Sugar alcohols are the active ingredients used in personal care products, and have a significant role in modern cosmetic formulations. Moreover, it is a popular choice among people on dieting, who prefer sugarless foods, due to the lower calorie content as compared to sugar.

Key Findings of the Humectants Market:

In 2016, sugar alcohol segment contributed the maximum revenue to the global humectants market, accounting for more than one third share.
The oral & personal care segment is expected to register the highest growth rate, registering a CAGR of 9.1% during 2017-2023.
In 2016, food & beverage application segment dominated the global market with more than one third share.
LAMEA is expected to account for the highest growth rate, registering a CAGR of 12.0% during 2017-2023.
In 2016, North America dominated the global humectants market, accounting for nearly half of the global market share.

The key companies profiled in the report are Archer Daniels Midland Company, Ashland Global Holdings Inc., BASF SE, Barentz, Brenntag AG, Cargill Incorporated, E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Roquette Freres, and The DOW Chemical Company.

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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. 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.

Automotive Oem Coatings Market Growth, Trend, Size by Type, Layer and Vehicle Type, Industry Forecast to 2022

The global Automotive OEM Coatings market was valued at $6,426 million in 2015, and is projected to reach $9,379 million by 2022, growing at a CAGR of 5.6% from 2016 to 2022. The solvent-borne segment held nearly half of the total market in 2015. According to a new report published by Allied Market Research, titled, “Automotive OEM Coatings Market: Global Opportunity Analysis and Industry Forecast, 2014-2022,”

Automotive coatings enhance the overall durability and appearance of a vehicle and also safeguard it from UV radiation, extreme temperature, and foreign particles such as dust and soot. Increase in preference of consumers towards high-quality automotive coatings is a key factor driving the market. These are used to coat the surfaces of automobiles and exemplify the futuristic technologies, which are capable of manufacturing durable surfaces, maximizing overall efficiency while meeting environmental norms.

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The major companies profiled in the report include Axalta Coating Systems, BASF SE, PPG Industries, Nippon Paint, Kansai Paint, AkzoNobel, Sherwin-Williams Company, KCC Paint, Bayer AG, and Arkema SA.

The global automotive OEM coatings market witness vivid opportunities, owing to rise in demand for recreational vehicles among youngsters, growth in population and rise in income levels. Moreover, growth of the overall automotive industry globally and rise in demand for high-quality paints and coatings in automobiles is further anticipated to boost the overall growth. In addition, rise in consumption of powder coatings, owing to its superior characteristic properties, such as low emissions of volatile compounds and relatively thicker layer as compared to traditional automotive coatings, is anticipated to bring impetus in the global market. However, volatile prices of raw materials coupled with strict governmental norms on the use of toxic automotive OEM coatings are some key factors anticipated to hinder the overall growth.

Automotive OEM coatings is expected to register the highest growth in passenger cars, owing to rise in per capita disposable incomes and growth in consumer preference towards new models with low emissions and high fuel efficiency. Furthermore, rapid urbanization and upsurge in personal mobility needs are expected to boost the market growth. Automotive OEM coatings possesses advantages such as higher reliability, longer equipment life cycle, maintenance cost reduction, and low on toxic emissions.

The basecoat layer segment accounted around three-fourths share, in terms of volume, in 2015. In response to the perennial modifications in the automotive industry, efficient paints and coatings solutions are in demand globally. Thus, increase in requirement of high-tech automotive OEM coatings solutions and rise in adoption of new vehicles fuel the demand for automotive OEM coatings globally.

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Key Findings of the Automotive OEM Coatings Market Study

The electrocoat segment is anticipated to grow at the highest CAGR of 5.9% during the analysis period.
Asia-Pacific is projected to maintain its lead position from 2016 to 2022 and will grow at a CAGR of 4.7%, in terms of volume.
Passenger cars segment occupied around half of the total market in 2015.
China occupied around one-third of the total Asia-Pacific market in 2015.
In terms of value, India is expected to grow at the highest CAGR of 6.7% from 2016 to 2022.

In 2015, Asia-Pacific and LAMEA collectively accounted for around two-fifths of the total market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in China, India, Brazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and growth in overall consumer spending are the major aspects that boost the growth of the automotive OEM coatings market in the Asia-Pacific region.

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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.

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Geogrid Market Growth, Trend Analysis by Application, Global Opportunity and Industry Forecast to 2026

According to the report published by Allied Market Research, the global geogrid market generated $0.8 billion in 2018, and is estimated to reach $1.8 billion by 2026, registering a CAGR of 9.9% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.

Increase in the infrastructure development activities and superior properties associated with geogrid drives the growth of the global geogrid market. However, lack of skilled workforce may hinder the market growth. On the other hand, surge in awareness and rise in number of R&D activities create new opportunities in the coming years.

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Leading market players analyzed in the research include Ace Geosynthetics, Huesker Synthetic GmbH., Maccaferri Group – Seci SPA, Tenax SPA, Tensar Corporation, Glen Raven Inc., Low & Bonar PLC., NAUE GmbH & CO. KG, Koninklijke Ten Cate BV, and Wrekin Products LTD. They have adopted various strategies including expansion, joint ventures, collaborations, mergers & acquisitions, and others to gain a strong position and sustain in the market.

Covid-19 scenario:

During the coronavirus pandemic, the revenue generated from soil reinforcement for global geogrid market will be reduced for few months, however, will rebound quickly.
Investors who seek more safety during the economic turbulence are unable to continue their projects, and will hold all the projects until the lockdown is dismissed.
The migration of employees and laborers to their own countries will impact on the process.

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The report offers a detailed segmentation of the global geogrid market based on application and region. Based on application, the road industry segment contributed to the largest share in 2018, accounting for more than one-third of the total share, and is estimated to maintain its dominant position during the forecast period. However, the soil reinforcement segment is expected to register the highest CAGR of 10.2% from 2019 to 2026.

Based on region, Asia-Pacific contributed to the highest share, accounting for more than two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. This region is also a fastest growing segment, registering a CAGR of 10.1% from 2019 to 2026.

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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.

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