3 months ago

Global Stirling Engines Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Stirling engines are termed as closed-cycle, regenerative heat engines that operate by cyclic compression and expansion of air or other gas at various temperatures. The stirling engines are known to convert heat energy into mechanical energy. They are known to be more efficient than a diesel engine or gasoline engine.

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The factors that are playing a major role in the growth of Stirling Engines Market are high demand for stirling engines, due to its higher thermodynamic efficiency than others, these engines are flexible, silent, and virtually vibration-free, and its low-temperature differentials than other engines. In addition, it can use external heat source from the non-renewable or renewable resource is another factor driving overall market growth.

Stirling Engines Market is segmented based on types, applications, end users, and region. Types such as Gamma, Alpha, Beta, and others classify the market. Applications into Marine Engines, Heating and Cooling, Solar Power Generation, and others classify Stirling Engines Industry. End user such as Utility, Residential, Commercial, and others classify this market.

Stirling Engines Market is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, North America accounts for the largest market share of Stirling Engines Industry and is estimated to lead the overall market in the upcoming years. Europe and Asia Pacific will follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come.

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The key players of Stirling Engines Market are ADI Thermal Power Corp., Qnergy, Cool Energy, United Sun Systems International Ltd., koFENForschungs – und EntwicklungsGes.m.b.H., Sunpower Inc., Microgen Engine Corporation, and GenoastirlingS.r.l. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Stirling Engines in these regions, from 2012 to 2022 (forecast), covering • North America • Europe • China • Japan • Southeast Asia • India

Global Stirling Engines market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including • Qnergy (U.S.) • United Sun Systems International Ltd (Sweden) • Sunpower Inc (U.S.) • Genoastirling S.r.l. (Italy) • Microgen Engine Corporation (Netherlands) • koFEN Forschungs- und Entwicklungs Ges.m.b.H. (Austria) • Cool Energy (U.S) • ADI Thermal Power Corp (U.S)

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3 months ago

Global Styrene Acrylic Emulsion Polymer Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. Water based polymers that can be produced from styrene and several acrylate esters such as acrylic acid, butyl acrylate, methyl methacrylate, 2-ethylhexyl acrylate, etc. are referred to Styrene Acrylic Emulsion Polymer.

Styrene acrylic emulsion polymer is versatile in nature due to its capability to act as building blocks and high glass transition temperature. They have a wide range of applications in various end use industries owing to its outstanding properties such as low VOCs (volatile organic compound) emission rate, UV resistance, good durability, etc.

The factors that propel the growth of the Styrene Acrylic Emulsion Polymer Market include increasing demand, rapid urbanization & industrialization, and product development & technological innovations. In addition, some of the other factors such as increasing construction activities and growing awareness regarding low VOC content product coupled with rising disposable income significantly fuel the market growth.

On the other hand, there are also factors that may hamper the growth of the market such as high price of raw material. Styrene Acrylic Emulsion Polymer Market is classified on the basis of product type, applications, distribution channel and geography. Styrene Acrylic Emulsion Polymer Industry is segmented by product type as Silicone Modified Emulsion, Organic Fluorine Modified Emulsion, Epoxy Modified Emulsion and others.

Styrene Acrylic Emulsion Polymer Market is classified on applications as building and construction, cosmetics and personal care, paper and packaging, paints and coatings, and others. The market is segmented by distribution channel as online stores, specialty stores and others. Styrene Acrylic Emulsion Polymer Industry is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa. By geography, Asia Pacific is expected to register noteworthy growth rates in the Styrene Acrylic Emulsion Polymer Market. The key factors that attribute to the growth of this region include increasing demand, rising disposable income, and rapid industrialization.

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3 months ago

Global Sterilizable Syringes Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. A process of destruction of all forms of living microorganisms from a substance is known as sterilization. The process of sterilization can be achieved through chemical or physical procedures. For instance, heat, filtration, irradiation, chemicals, etc.

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The factors that propel the growth of the Sterilizable Syringes Market include increasing demand, rapid urbanization & industrialization, and product development & technological innovations. In addition, some of the other factors such as increasing geriatric population, high incidence of chronic diseases, and awareness among people significantly fuel the market growth.

On the other hand, there are also factors that may hamper the growth of the market such as risk associated with incomplete sterilization of syringes. Sterilizable Syringes Market is classified on the basis of product type, applications, distribution channel and geography. The market is segmented by product type as plastic, stainless steel and others. Sterilizable Syringes Industry is classified on applications as hospital, clinic and others.

Sterilizable Syringes Market is segmented by distribution channel as online stores, specialty stores and others. This industry is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.

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By geography, Asia Pacific is expected to account a significant share in the Sterilizable Syringes Industry. The key factors that attribute to the growth of this region include increasing demand, geriatric population, growing population, etc. Some of the key players that fuel the growth of the Sterilizable Syringes Market include Becton, Dickinson and Company, Terumo Corporation, B. Braun Melsungen AG, Nipro Corporation, Medtronic PLC, Schott AG, Gerresheimer AG, Hindustan Syringes & Medical Devices Limited, Smiths Medical, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Sterilizable Syringes in these regions, from 2012 to 2022 (forecast), covering • North America • Europe • China • Japan • Southeast Asia • India

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3 months ago

Global STV Series Stevia Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Stevia is also termed as sugar leaf or sweet leaf. It is a white crystalline powder extracted from the leaves of the plant species Stevia rebaudiana, a natural sweetener. The Steviol glycosides is an active compound of stevia that has up to 150 times the sweetness of sugar. It is not fermentable, are heat-stable, and pH-stable.

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It is exclusively used as a sucrose replacement in all types of food and beverage industry as a low-calorie natural sweetener. In addition, it is also used in meat products, tea, gum, soft drinks, dried fruit, alcoholic beverages, and canned food. Moreover, it prevents from diseases like dental caries, hypertension, heart disease, diabetes, and obesity.

STV Series Stevia Market is segmented based on types, product types, forms, applications, and region. Types such as Glucosyl Stevia, Reb-A Series, STV Series, and others classify the market. Product types such as STV 90%, STV 60%, STV 50%, and others classify this industry. Forms such as Stevia Tablets and Stevia Granule classify STV Series Stevia Market.

Applications into Daily Chemical Industry, Food, Pharmaceutical Industry, Beverage, and others classify STV Series Stevia Market. The market is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, North America accounts for the largest market share of this industry and is estimated to lead the overall market in the upcoming years. Europe and Asia Pacific will follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come. China and India are estimated to be the major consumer of STV Series Stevia Market in the upcoming years.

The key players of STV Series Stevia Industry are Stevia Natura, PureCircle, Wisdom Natural Brands, GLG Life Tech Corp., Wagott Pharmaceutical, Biolotus Technology, Stevia Sweetener, Haotian Pharm, Ingredion, Cargill-Layn, Morita Kagaku Kogyo, Haigen Stevia, GL Stevia, Sunwin Stevia, Daepyung, Shangdong Huaxian Stevia, Shandong Shengxiangyuan, Jining aoxing Stevia Products, and Tate & Lyle. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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3 months ago

The Global Action Cameras Market is expected to develop at a substantial CAGR from 2016 to 2021. The action cameras talk about that specified camera instruments that are utilized to snatch adventures, sports, or types of events usually containing high-speed movements. These cameras are dissimilar to regular cameras, these are simple, strong, and be able to attach on helmets, car instrument panel, cycles, or can be mounted on the body, for taking marvelous real-life video tape or pictures. The lesser in dimensions and having superb “point of view” feature of achievement, cameras has prepared them very widely held, between sports supporters and spontaneous handlers who desire to seize their adventures and part on social media stages.

 

Separately, from actually easy to function and lesser in size, action cameras furthermore they are available in handy models too. It makes them easy to handle, when operating in unpredictable circumstances, dangerous meteorological conditions, and underwater pleasure trip, due to their waterproof nature and specified design.

The most important issues motivating the international action cameras market comprise the growing acceptance and user-base of social networking locations like Twitter, Facebook, and Instagram; and the inclination of distribution of photographs and video tape with groups and associates, and the growing number of sellers in the action cameras market. Due to the entrance of camera instrument producers in the action camera field, customers, these days, can select from numeral alternatives with structures fitting their requirements. The strong rivalry has, moreover, taken down the charges to a definite range, inviting customers in cost-sensitive areas.

Some of the best widespread tendencies in the international action cameras market is the increasing acceptance of bundle packages i.e. cameras traded with essential equipment. As it is economical, such bundles are a successful between buyers, and have ultimately improved sales of fittings beside with action cameras. However, the market is anticipated to be inhibited to a definite level by the increasing acceptance of smartphones with high-quality cameras. The decreasing rates of smartphones, innate with best -quality cameras are furthermore anticipated to restrict the development of the international action camera market to a definite level.

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From a topographical viewpoint, the international action camera market is scrutinized for Asia Pacific, Europe, North America, and the Rest of the World (RoW). North America is presently the leading local market in the worldwide action camera market. The huge populace of sports fans, easy entrance to high expenditure association, and obtain ability of technically progressive and state-of-the-art product diversities are the important issues creating North America the important local action cameras market.

Yet, the action cameras market is likewise observing an improved demand in emergent portions of Asia Pacific. Most important issues activating this tendency comprise increasing per head earnings in emerging nations, growing expenses on leisureliness, adventure and sporting events, and the huge acceptance of social media channels. Asia Pacific’s action camera market scope is likely to observe better development due to increasing customer request through the section. Europe is expected to observe steady development from 2016 to 2021.

The area wise study comprises North America [U.S. and Canada], Latin America [Peru, Mexico, Chile, Brazil, and others], Western Europe [Spain, Italy, Germany, England, France, and Nordic nations, Netherlands, Belgium, and Luxembourg], Eastern Europe [Russia, Poland,], Asia Pacific [ASEAN nations, Japan, China, India, Australia and New Zealand], Middle East and Africa [North Africa, South Africa, GCC].

The important companies operating in the Action Cameras market at international level include Olympus, TomTom, Sony, GoPro, Drift Innovation, Contour, Rollei, Garmin, iON Worldwide, PLR IP (Polaroid), JVC Kenwood, and Veho. Other noticeable associates are Xsories, VIO POV, Oregon Scientific, PAPAGO, Panasonic, Braun Photo Technik, Chilli Technology, Brinno, Toshiba, Viofo, Pyle Audio, Shimono, Hitachi, GoPole, EyeSee360, Delkin Devices, HEDCAMz, iSAW, Liquid Image, Mobius, RePlay XD, Vievu, and Geonaute.

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3 months ago

Global Adipic Acid Market is segmented on the basis of application, and region. Adipic acid is a white crystalline powder. This organic compound with the formula (CH2)4(COOH)2 is the most important synthetic dicarboxylic acid annually produced, mainly used as a precursor for the production of nylon. Adipic acid is also used in the chemical industry to produce other polymers, coatings, plasticizers and detergents. Historically, adipic acid was prepared from various fats by oxidation. Presently, adipic acid is made from a mixture of cyclohexanone and cyclohexanol called “KA oil” (ketone-alcohol oil). The KA oil is oxidized using nitric acid to produce adipic acid, via a multistep pathway. About 2.5 billion kilograms of this white crystalline powder is produced annually, mainly as a precursor for the production of nylon.

Adipic acid has been incorporated into controlled-release tablets to obtain a pH-independent release for both weakly basic and weakly acidic drugs. It has also been incorporated into polymeric coatings of hydrophilic monolithic systems to modulate the pH, resulting in zero-order release of a hydrophilic drug. Increasing applications in paints & coatings, synthetic fibers, and low-temperature lubricants are expected to positively affect the industry. Growing paints & coatings demand due to increasing infrastructure spending is expected to boost market growth. It is mainly produced from petroleum derivatives such as cyclohexane, benzene, and phenol as its occurrence in nature is very rare.

Adipic acid having high purity grade is used for processing polyurethane and the one maintaining low purity grade is utilized for polyurethane production. Polyurethane is expected to grow at a significant growth rate over the forecast period. Nylon resin has wide application scope in footwear and thermal insulation industries. Global Adipic Acid Industry is classified, by application into Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethane, Adipate Esters, and others.

Nylon 6, 6 Fiber was the largest application segment in terms of volume. Increasing demand from automotive industry is expected to lead this application segment. It is used in manufacturing automotive components and as a flavorant and gelling aid in food & beverage industry due to changing habits joined with population expansion is expected to increase the adipic acid market size over the forecast period.

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Nylon 6, 6 resins are expected to grow at highest CAGR over the forecast period. Increasing resin demand from footwear industry is expected to drive the demand for the application segment in the global adipic acid market. Polyurethane is expected to develop as the fastest growing application with projected CAGR over the forecast period. Polyurethane is widely used for thermal insulation. Global Adipic Acid Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

In terms of production and consumption APEJ is the biggest market for the adipic acid. The main markets in APEJ region include India and China, which are estimated to exhibit double digit CAGR due to comparatively relaxed regulation and high demand from the automotive manufacturers markets followed by APEJ.

Middle East and Africa, which will be a main participant in the Adipic Acid market in future. North America is one of the largest markets for adipic acid in terms of consumption. Though, the demand in this region is diffident and is expected to exhibit a diffident growth in forthcoming years for adipic acid due to its high demand in the automotive industry, but the market in this region is limited due to the presence of strict regulations. Global Adipic Acid Market key players are DSM, Ascend Performance Materials Inc., BASF SE, Verdezyne, PetroChina Liaoyang Petrochemical, Rennovia, Sumitomo Chemical Co. Ltd, Asahi Kasei Corporation, Invista, laxness Ag, and Rhodia.

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3 months ago

Global Activated Carbon Market is segmented on the basis of product type, application, end use, and region. Activated carbon also called activated charcoal has an extremely large surface area per unit volume and a network of submicroscopic pores where adsorption takes place. Activated carbon is a material that is produced from carbonaceous source materials, such as coal, coconuts, nutshells, peat, wood, and lignite.

The primary raw material used for activated carbon is any organic material with a high carbon content. The carbon-based material is converted to activated carbon through physical modification and thermal decomposition in a furnace, under a controlled atmosphere and temperature. The finished product has a large surface area per unit volume and a network of submicroscopic pores where adsorption takes place.

Global Activated Carbon Industry is classified, by product type into Powdered Activated Carbon (PAC), Granular Activated Carbon (GAC), others (Pelletized Activated Carbon). Powdered activated carbon segment accounted for the largest market share of the global Activated Carbon Market and is expected to lead the market over the forecast period. This is due to increasing awareness and government support in the recycling of waste water. This activated carbon gives the result in lesser cost and henceforth is favored over other forms of the product.

 

Granular activated carbon (GAC) segment is expected to grow gradually over the forecast period. GAC is widely used in the removal of volatile organic compounds (VOCs) and chlorine. It is also used in the reduction in total organic carbon, color removal and mostly reverse osmosis. Polymer coated, extruded, impregnated and bead activated carbons are included in the other types of the product segment. This segment is expected to grow at highest CAGR over the forecast period.

Rising disposable income, technological advancements, and increasing affordability are supposed to help the market over the forecast period. Increasing awareness and health concerns concerning respiratory diseases are expected to have a positive impact on the overall market. Global Activated Carbon Industry is classified, by application into Liquid Phase, Gas Phase.

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Liquid phase segment accounted for the largest market share of the global Activated Carbon Market. These carbons are said to reduce the certain amount of VOCs as chlorine from drinking water. It is also known to remove lead, dissolved radon, and other odor-causing compounds. Environmental Protection Agency (EPA) Health Advisory Level (HAL) considers the above mentioned particles to be hazardous to human health. With the alarming rate of the adversely contaminated water effects to human health, there is a balanced increase in demand for water treatment technologies.

Activated carbons are used in gaseous filtration as filter media in cement furnaces, coal-fired generators, waste incinerators, steel mills, and industrial boilers. Mercury is a toxic metal that occurs in natural gas that is harmful to the environment, to chemical processes, and to the transport equipment. This segment is expected to witness substantial growth at an expected CAGR over the forecast period.

Global Activated Carbon Industry is classified, by end use into Water Treatment, Food & Beverages, Pharmaceutical & Medical, Automotive, and Air Purification. Air purification segment accounted for the largest market share of the global Activated Carbon market and is expected to lead the market over the forecast period. This is due to increasing demand for air-conditioners and air-filters that can be accredited to rising demand for both commercial and domestic purposes.

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3 months ago

The advanced metering infrastructure market, on the basis of geographic segmentation, spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. Advanced metering systems consists state-of-the-art electronic or digital hardware and software which integrate interval data measurement with available remote communications on constant basis availability. These systems infer detailed measurement, time-based information and consistent collection. Briefly, advanced metering infrastructure refers to the full measurement and collection system including meters at the customer site, service provider such as electricity, gas and water utility and a communication network among these. Data receptors and management systems are deployed at the service provider’s end to capture customer generated data.

Figuratively, it includes all three types i.e. electricity, gas and water meters and the customer possesses advanced solid state, electronic meters that are responsible to capture time-based data. These meters are capable of collecting transmitted data via a commonly available fixed networks such as Broadband over Power Line (BPL), Power Line Communications (PLC), Fixed Radio Frequency networks (RF) and overall public networks, i.e. (paging, landline etc.) Technically, the data received by the AMI host system are sent to the Meter Data Management System (MDMS) that manages data storage& analysis to enable information to the utility. AMI thus enables dual way communication and vice-versa. Advantages associated with the use of AMI include system operation benefits, customer service benefits and financial benefits.

Commercially, IoT is of great significance to AMI industry as integration of IoT with smart grid opens great opportunities for market growth. The market size for AMI has grown enormously in the past few years and with inception of IoT and connected devices has further increased the growth opportunity areas for AMI. MDM solutions market holds potential in the upcoming years owing to larger market opportunity during the forecast period. Therefore, the AMI market is set to witness a higher CAGR growth during the forecast period.

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The key driving factors in the advanced metering infrastructure (AMI) market includes the need for grid modernization and favorable steps by utility manufacturers across the world to find a better alternative for conventional electric meters with improved smart meters which are capable of providing improved meter reading & data collection. Additionally, the launch of dynamic pricing schemes and demand for utility facilities drive the market growth. Moreover, with the intense use of AMI, and consumer awareness is anticipated to boost the market growth overall.

On the basis of device, the advanced metering infrastructure market is segmented into smart gas meters, smart water meters, smart electric meters and communication modules. On the basis of service, the advanced metering infrastructure market is segmented into system integration, meter deployment and program management & consulting. On the basis of solution, the advanced metering infrastructure market is segmented into meter data management, meter data analytics, AMI security and meter communication infrastructure.

North America dominates the advanced metering infrastructure industry as several AMI projects are funded by American Recovery and Reinvestment ACT (ARRA 2009). Latin America is anticipated to have a higher CAGR growth during the forecast period. APAC markets are expected to witness growth in the upcoming years owing to growth in population and adoption of modern utility systems by utility companies. Moreover, growth in awareness of consumers related to wastage and carbon footprints is anticipated to propel the AMI market growth.

The key players operating in the advanced metering infrastructure market can be segmented into meter data management, AMI security and Smart Electric Meter. Key players for Meter Data Management include Echleon, Itron, Silver Spring Network and Landis-Gyr. Key players forAMI security include IBM Corporation, Cisco Systems, McAfee, Elster, Symantec, Echleon, Itron, Elster, Silver Spring Network, and Landis-Gyr.

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3 months ago

Global Advanced Ceramics Market is segmented on the basis of material, product type, application, end-use industry, and region. Advanced ceramics, substances and processes used in the development and manufacture of ceramic materials that exhibit special properties. In general terms, advanced ceramics exhibit exceptional properties that make them highly resistant to melting, bending, stretching, corrosion or wear. Their hardness, physical stability, extreme heat resistance, chemical inertness, biocompatibility, superior electrical properties and, their suitability for use in mass produced products make them one of the most versatile groups of materials in the world.

Global Advanced Ceramics Industry is classified, by material into Alumina ceramics, Titanate ceramics, Zirconia ceramics, Silicon carbide ceramics, Others (Aluminum nitride, silicon nitride, magnesium silicate, pyrolytic boron nitride). The alumina ceramics segment accounted for the largest market share of the global Advanced Ceramics Market in 2015, and is expected to remain dominant over the forecast period. This is due to their suitability in a number of industries such as electrical & electronics, transportation, medical, and chemical. Moreover, alumina is used in the manufacturing of bioceramics which will lift industry growth over the forecast period. Global Advanced Ceramics Industry is classified, by product type into Monolithic ceramics, Ceramic coatings, Ceramic matrix composites, Others (Multilayer ceramics, advanced coatings). Ceramic matrix composites segment is expected to grow at fastest pace over forecast period with highest CAGR. They are extensively used in machinery and automotive applications and numerous space-related applications such as heat resistant tiles. These products are also used in the production of transport equipment used in space shuttles on account of their long life span and hardness properties. Also, these products are used in the manufacturing of sports equipment including golf clubs.

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Global Advanced Ceramics Industry is classified, by application into Electrical equipment, Catalyst supports, Electronic devices, wear parts, Engine parts, Filters, Bioceramics, and Others. Electronic devices were the largest application segment in 2015 of the global market. They are widely used in insulating, superconducting, semiconducting, magnetic and piezoelectric applications. Bioceramics accounted for maximum market share in 2015 in terms of revenue. They are broadly being active in the medical sector as they help in tissue and bone development and do not affect the body’s’ immunity system. These products are used in dental as well as joint and hip replacement applications. Global Advanced Ceramics Market is classified, by end use industry into Electrical & Electronics, Transportation, Medical, Defense & Security, Environmental, Chemical, Others (Marine, Mining, Textile).

Environmental segment is expected to be one of the fastest growing end-use industry for the product on account of their increasing use in wind turbines, photovoltaic modules, and other pollution control applications. Global Advanced Ceramics Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Asia Pacific is expected to grow at highest CAGR over the forecast period. This is mainly due to the increasing use of advanced ceramics in various industries such as electrical & electronics, chemical, transportation, environmental, and defense & security in developing economies of the region such as China and India. It is expected that India will be the fastest growing market for advanced ceramics in the region, due to the growing population of the country, favorable investment policies, and government initiatives to promote industrial growth

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3 months ago

The global Automotive Chassis System market is estimated to display an exponential CAGR in the next couple of years due to rising applications and benefits. Chassis can be defined as the interior frame that acts as a support system to various body parts of the automobile. It is known to be light weight and robust in nature. The main function that the automotive chassis systems perform is of incorporating numerous functions of the automobiles. Moreover, they have the potential to raise the aerodynamic quality in order to enhance the fuel efficiency as well as design.

The Automotive Chassis System market is currently undergoing a significant trend of the advancement of titanium chassis. It has been observed that manufacturers are taking up various researches and developments and are trying to discover and widen the usage of titanium in automotive chassis in high performance sports cars. The systems are being developed to raise the efficiency level as well as to meet the set standards.

The factors that are playing a key role in raising the share of the Automotive Chassis System market may entail robust industrialization, urbanization, product development, presence of huge manufacturers, robust technological improvements, rise in the investments by the leading companies, developing economies, constant innovations in the designs as per the size as well as weight specifications, increment in the research budget from the companies, augmented demands for automobiles, and rise in the research and development activities.

The only factor that is acting as a major hurdle in the market growth may include introduction of norms by the government authorities regarding the conservation of the environment. Global Automotive Chassis System market is classified by component as Suspension Ball Joints, Tie-Rods, Hubs, Stabilizer Links, Cross-Axis Joints, Control Arms, Knuckles, and others.

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Automotive Chassis System Industry is segregated by vehicle type as Light Commercial Vehicles, Defense Vehicles, Farm Tractors, Heavy Commercial Vehicles, Passenger Cars, Intermediate Commercial Vehicles, Off-Road Vehicles, Construction Equipment, and others. Among all the vehicle types, the Passenger Cars segment is holding the largest share in the market, the reason huge production of the segment and augmented demand for a wide variety of passenger cars likes edans, SUVs, and hatchbacks.

Automotive Chassis System market can be fragmented by chassis systems type as Corner Modules, Active Kinematics Control, Front Axle, Rear Axle, and others. As far as the chassis type segmentation goes, the Automotive Chassis System industry can also be divided as Monocoque, Backbone, Ladder, and others. Among all the chassis system types, it has been noted that the Monocoque segment is taking up the largest share in the market. Automotive Chassis System market is segmented on the basis of geography as North America, Southeast Asia, China, Europe, Japan, and India.

Among all the geographical regions, North America is currently being considered as the dominant region of the Automotive Chassis System market and it is simultaneously registering for the largest share in the market, the reason being augmented production, rising demands across various sectors, growth of automotive industry, and mounting investments by the leading manufacturers.

In contrast, Asia Pacific and Europe are also expanding at a significant rate in the market owing to the emergence of huge market players in these regions. The key players contributing in the development of the Automotive Chassis System market may include Continental, Magna International, ZF Group, BENTELER International, and Bosch.

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