Submarine Power Cable Market Outlook 2031

The global submarine power cable market was valued over US$ 6.9 Bn in 2021

It is estimated to expand at a CAGR of 12% from 2022 to 2031

The global submarine power cable market is expected to surpass the value of US$ 21.7 Bn by the end of 2031

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Submarine Power Cable Market: Overview

Submarine power transmission cables carry electrical power through the sea and below the surface. These cables are designed to withstand specific pressure and temperatures. Moreover, if required, these cables can be used in lake beds or river beds to transmit electricity across cities. The use of submarine cable usage for inter country and island connection is expected to increase energy trade and power supply to remote locations. These cables are employed in inter-country and island connection, offshore oil rings, offshore wind power generation, and other areas.

The demand for high-performance submarine power cables is expected to increase, as an increasing number of offshore wind parks are being installed, and the national electric grid is being interconnected. Submarine power cables are installed for the highest voltages and power to transport electric energy under the sea between islands, countries, and even continents. A submarine power cable is a vital component of offshore renewable energy projects such as wind farms. However, installation and operation of submarine power cables are much different from land cables and require more sophisticated technologies.

Rise in Demand for Cross-border Interconnected Grid to Drive Global Submarine Power Cables Market

International power grid interconnections provide links between electricity transmission systems of two or more adjoining countries and thus, interconnections enable those countries to share power generation resources. The demand for submarine power cables is increasing in cross-border power grid connections in order to improve reliability of power network and reduce investment.

The longest subsea interconnector cable in the world runs for 590 kilometers between the Netherlands and Norway. The U.K. has four subsea cable interconnectors linking with France, the Netherlands, Ireland, and Northern Ireland with several more proposed or under development. The presence of a permanent cable connection between countries in Europe enables increased security in supply to the U.K. and the opportunity for countries on both sides of the interconnector to benefit from lower cost energy supply afforded by different energy markets at various times in the year.

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Major Players Analysis

The global submarine power cable market is consolidated with a small number of large-scale vendors controlling majority of the market share. Several firms are spending significant sums of money on absolute research & development, primarily to develop environment-friendly products. Expansion of product portfolios and mergers & acquisitions are key strategies adopted by major players. ABB Ltd, General Cable Corp, Nexan SA, NKT SpA, Prysmian Group, Sumitomo Corp, Furukawa Electric Group, LS Cable & System, Hengton Group Co. Ltd., KEI industries Ltd., and Hydro Group plc. are prominent entities operating in the market.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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2-Ethylhexanoic Acid Market: Introduction

Transparency Market Research delivers key insights on the global 2-ethylhexanoic acid market. In terms of revenue, the global 2-ethylhexanoic acid market is estimated to expand at a CAGR of 6.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global 2-ethylhexanoic acid market.

The global 2-ethylhexanoic acid market is broadly affected by several factors, including usage of 2-ethylhexanoic acid in PVB plasticizer, synthetic lubricants, paint dryers, drugs, and emollients. The rising demand for 2-ethylhexanoic acid as PVB plasticizers and for PVC stabilization application is propelling the global 2-ethylhexanoic acid market.

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2-ethylhexanoic acid has a wide range of use in multiple industries such as chemical, automotive, pharmaceutical, and cosmetic and paints & coatings as well. Chemical applications of 2-ethylhexanoic acid include polyvinylbutyral plasticizers, synthetic lubricants, and PVC stabilizers. As plasticizer, 2-ethylhexanoic acid improves the solubility of polyvinylbutyral, which, in turn, helps in the glass manufacturing processes.

2-ethylhexanoic acid is utilized as a paint dryer, owing to its compatibility with the oil or solvent medium. Metallic salts of 2-ethylhexanoic acid based on cobalt and manganese are the two commonly used paint dryers. It is also employed in various research and development activities across the globe for the manufacture of pharmaceutical formulations. It is utilized as processing aid or catalyst in the manufacture of drugs.

2-Ethylhexanoic Acid Market: Prominent Regions

Based on region, the global 2-ethylhexanoic acid market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global 2-ethylhexanoic acid market in 2020. The region is expected to maintain its dominance during the forecast period.

The dominance of Asia Pacific can be described to an increase in disposable income of consumers and advancements made in science and technology. In Asia Pacific, 2-ethylhexanoic acid witnesses high demand in industries such as personal care & cosmetic products and pharmaceutical, including China and India, in the region.

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2-Ethylhexanoic Acid Market: Key Players

The global 2-ethylhexanoic acid market is fragmented with the presence of a large number of players. Key players operating in the global 2-ethylhexanoic acid market are BASF SE, Dow Inc., Dow Inc., Perstorp Holding AB, Elekeiroz, The Eastman Chemical Company, OQ Chemicals Corporation, KH Neochem Co., Ltd, Jiangxi JYT Chemical Co., Ltd, Shenyang Zhang Ming Chemical Co.Ltd, TCI Chemical India pvt ltd., Santa Cruz Biotechnology, Inc., and SynZeal Research Pvt Ltd.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

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Transparency Market Research Inc.

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Seafood Extracts Market: Overview

· The global consumption of seafood extracts is currently pegged at 7,90,938 MT and expected to reach at 11,85,135 MT by the end of the forecast period

· In the North American region, U.S. holds the largest majority stake with approximate share of 73.25% in 2021. It is expected to reach US$ 2,328.5 Mn in 2031

· Seafood extracts are majorly utilized in the food industry, it is valued at US$ 4,296.2 Mn in 2021 and expected to reach US$ 7,416.1 by the end of the forecast period

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Seafood Extracts: Market Frontrunners

· Seafood extracts are extensively used across pharmaceutical, cosmetics, and agriculture industry due to its multifunctional benefits. Seafood extracts are available throughout the year and they also provide significant operational benefits by eliminating the need for time-consuming preparation.

· In East Asia, the demand for seafood extracts is present majorly in processed food products and other food manufacturing. This region has a high demand for processed food products. Among the all the regions, East Asia and North America presents a higher opportunity of growth, which can be attributed to a growing food industry, and increasing demand for processed food.

· Seafood extracts includes seaweeds which contains natural fibers that helps in reducing the body weight without the intake of calories. It even aids in preventing overeating. It also helps in bringing down the levels of cholesterol in the blood by about 18%.

Seafood Extracts: Market Trends

Consumer Preference for Innovative and Unique Food Products

· Consumers are trying out innovative food products to satisfy their taste buds. In order to cater to the growing needs of customers, manufacturers and producers are also focusing on product innovation and development to come up with new food products that have added functional and microbial properties.

· The increase in the disposable income of consumers in many emerging regions such as the Asia Pacific, the Middle East, and Africa is also facilitating the buying of unique and innovative food products.

· One major reason for consumer preference towards new and innovative food products is the uniqueness that is offered by companies due to which the consumers can experience different tastes in a variety of foods.

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Widening Application Spectrum of Seafood Processing By-products to Increase Sales Performance

· During the processing of seafood products, some of the fish materials are discarded as waste, which in turn are used to produce different useful fish by-products. These by-products are nutrient-dense, yet they are frequently pulverized and dumped without any effort to recover nutrients.

· Seafood by-products are typically utilized for livestock feeds or as plant fertilizers, both of which are considered low-value-added products. When fish are processed for fillets, the by-products account for approximately 60–70%, and fish meat and oil account for 20–30% and 5–15%, respectively. The recovery and conversion of by-products to human food or specialty food, on the other hand, results in a higher value-addition, which is expected to grow fivefold over the next decade.

· Some species of fish, such as cod and sharks, contain a high amount of fish liver oil. Since, fish oil positively affects biological activities in the human body, it is utilized in the pharmaceutical industry.

· Fish oils are used in the manufacturing of margarine and other edible oil products, such as salad dressings, shortenings, mayonnaise, etc. Fish oil's physical and nutritional characteristics have made it a desirable addition to the human diet.

Superior Functional Traits of Bioactive Components Derived from Seafood to Facilitate Robust Utilization of Seafood Extracts

· In recent years, there has been a rise in lifestyle-related diseases across various countries. Improper diet is one of the key elements that influence susceptibility to lifestyle-related illnesses, according to several epidemiological research and clinical trials.

· In conjunction with the rapid increase in population, lifestyle diseases have become serious problems, both medically and financially. The health advantages of seafood consumption have been discovered in various studies examining dietary patterns.

· One advantage of seafood is that it contains functional components that are not found in terrestrial organisms. These functional components include n-3-polyunsaturated fatty acids, such as docosahexaenoic acid and eicosapentaenoic acid, which aid in the prevention of thrombotic and arteriosclerotic diseases.

· Moreover, seafood is also a superior source of various nutrients, such as amino acids, protein, fiber, minerals, trace elements, and vitamins. These nutrients are essential for bodily functions and are beneficial for the brain, growth, and the nervous system, along with providing anti-cancer properties.

· Seafood has aided in the alleviation of food shortages in many developing countries, serving as a significant addition to a diversified and healthy diet.

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Seafood Extracts Market: Key Players

· Some of the key players in the market are Acadian Seaplants Ltd., CP Kelco, Del-Val Food Ingredients, Givaudan S.A., Kakusan Foods Co., Ltd., Lysi hf, Manidharma Biotech Private Limited, Mitsubishi Corporation, Nikken Foods Co., Ltd., North American Kelp, North Marine Ingredients, Norway Seaweed, PT. Jinyoung, Suboneyo Chemicals Pharmaceuticals (P) Limited, Valagro

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According to the report, the global wind turbine operations and maintenance market stood at US$ 15.4 Bn in 2020 and is likely to reach US$ 39.8 Bn by 2031, expanding at a CAGR of around 9% between 2021 and 2031.

Wind turbine operations and maintenance services include operations, maintenance, asset administration, remote monitoring, and repair of wind turbines installed at wind farms. Wind turbine operations and maintenance services can be scheduled maintenance services or unscheduled maintenance services. Scheduled maintenance services are carried out at regular intervals.

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The global wind turbine operations and maintenance market is expected to reach the value of US$ 39.8 Bn by the end of 2031

Unscheduled maintenance services are carried out in event of sudden breakdown of a wind turbine or its components. Different components of a wind turbine such as gearbox, rotor blade, generator, inverter, brake, and tower require regular maintenance to operate efficiently. Gearbox assembly, rotor blades, and brakes are some of the components that are more susceptible to breakdown and require monitoring and maintenance at regular intervals.

Increase in Demand for Wind Turbine Operations and Maintenance for Use in Offshore Application

Based on application, the global wind turbine operations and maintenance market has been segmented into onshore wind turbine operations and maintenance and offshore wind turbine operations and maintenance. Onshore wind turbine operations and maintenance was the major application segment of the global wind turbine operations and maintenance market, accounting for more than 90% share in 2020. However, demand for offshore wind turbine operations and maintenance services has been increasing owing to the rise in number of offshore wind farms and complexity involved in servicing offshore wind turbines.

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Increase in number of aging wind turbines and rise in numbers of gearbox failures and generator assembly failures have augmented the global wind turbine operations and maintenance market. Additionally, increased presence of financial institutions and private investors as owners of wind farms has boosted the demand for wind turbine operations and maintenance services.

Key Players Operating in Wind Turbine Operations and Maintenance Market

Leading companies operating in the global wind turbine operations and maintenance market include Enercon GmbH, Gamesa Corporación Tecnológica, GE Wind Energy, Nordex SE, Xinjiang Goldwind Science & Technology Co. Ltd., Vestas Wind Systems A/S, Siemens Wind Power GmbH, Suzlon Group, Guodian United Power Technology Company Ltd., and UpWind Solutions Inc.

Growth in share of offshore turbines in the wind energy mix has also boosted the demand for wind turbine operations and maintenance services. Increase in cost of logistics and lack of skilled workforce are anticipated to hamper the global wind turbine operations and maintenance market in the near future.

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Asia Pacific Dominates Global Wind Turbine Operations and Maintenance Market

The global wind turbine operations and maintenance market has been segmented into North America, Europe, Asia Pacific, and Rest of World. Asia Pacific accounted for around 60% share of the global wind turbine operations and maintenance market in 2020.

However, the wind turbine operations and maintenance market in Rest of World is anticipated to expand at the fastest rate during the forecast period. Asia Pacific is anticipated to be the second-fastest growing market for wind turbine operations and maintenance during the forecast period.

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Academicians Help Unlock Revenue Opportunities in U.S. Offshore Wind Industry

Offshore wind has the potential to deliver large amounts of clean and renewable energy to fulfill the electrical needs of cities. Participants in the market, along the U.S. coastline, are investing in the offshore wind energy. In order to capture the abundant wind resources available offshore, offshore turbines can be scaled up to approximately one-and-a-half times the height of the Washington Monument, with blades the length of a football field.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Rohit Bhisey

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

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PVC Coated Fabrics Market: Introduction

Transparency Market Research delivers key insights on the global PVC coated fabrics market. In terms of revenue, the global PVC coated fabrics market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global PVC coated fabrics market.

The global PVC coated fabrics market is broadly affected by several factors, including the usage of PVC coated fabrics in the transportation sector. Thus, increase in applications of PVC coated fabrics in transportation is propelling the global PVC coated fabrics market.

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PVC Coated Fabrics Market: Dynamics

PVC coated fiberglass fabric is coated with polyvinyl chloride. It is made from fiberglass as a base cloth. Fiberglass cloth is a strong and durable woven textile, which is used for industrial and non-industrial applications. Fiberglass is a material that consists of numerous extremely fine fibers of glass. These fiberglass materials are then coated with one or both sides with compounded polyvinyl chloride. PVC coated fiberglass fabrics possess high tear resistance strength, high temperature insulation ozone, fireproof nature, and good resistance against abrasion, oil and cuts, and water.

PVC coated fiberglass fabrics can be used in welding protection covering fabrics, heat protection cushions in motor vehicle industry, heat protection quilts, and foundry splash protection. PVC coated fiberglass fabrics are used in various industries such as marine, chemical, aerospace, power plant, automotive, construction, piping, and sealing.

PVC coated carbon fiber fabrics are generally carbon fiber fabrics that are coated with polyvinyl chloride from single side or both sides. Carbon fiber consists of carbon atoms, which are bonded together to form a long chain. These carbon fiber fabrics are extremely strong and light. The properties of PVC coated carbon fiber fabric are close to steel and weight is close to that of plastic.

These fabrics are corrosion resistant, temperature resistant, and possess high strength. PVC coated carbon fiber fabric is largely used in specialized and high-performance applications such as aircraft, automotive, and sporting equipment.

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PVC coated polyester is 100% polyester that is coated with smooth polyvinyl chloride on single side or both sides according to the requirement. It can be used for various applications such as luggage bags, and protective coverings and cases. PVC coated polyester fabric is waterproof and does not fray, rip, or tear. This makes PVC coated polyester fabric strong and durable for all types of applications. PVC coated polyester fabric is used for various applications such as transportation, construction, athletics, food service, and restaurants.

In the transportation industry, PVC coated polyester fabric is used for truck tarps, covers, and side walls. In construction, it can be used in oil booms, tarps, and commercial sewing. In the amusement industry, PVC coated fabrics can be used in tents, pool covers, inflatables, and boat covers. In the athletics industry, it can be used in the manufacture of gym and athletic mats, wall padding, roll up doors, etc. In service and restaurant industries, PVC coated polyester fabric can be used in table covers and curtains.

PVC Coated Fabrics Market: Key Players

The global PVC coated fabrics market is fragmented with the presence of a large number of players. Key players operating in the global PVC coated fabrics market are Continental AG, IVK Europe, SRF Limited, Sioen Industries, RMB Coated Fabric Private Limited, Cotting Group, Lightweight Manufacturing Inc., Skylon Asia Pvt. Ltd., Seaman Corporation, New Arts Structures Pvt. Ltd., and Spradling International Inc.

Global PVC Coated Fabrics Market: Segmentation

PVC Coated Fabrics Market, by Type

· PVC Coated Fiberglass Fabric

· PVC Coated Carbon Fiber Fabric

· PVC Coated Polyester Fabric

· Others (including Nylon, Cotton, and Wool)

PVC Coated Fabrics Market, by Application

· Transportation

· Protective Clothing

· Industrial

· Roofing, Awnings, and Canopies

· Furniture & Seating

· Wall Coverings

· Others (including Filtration, HVAC, and Chemical Process)

PVC Coated Fabrics Market: Prominent Regions

In terms of value, the PVC coated fabrics market in Asia Pacific is expected to expand at a rapid pace during the forecast period, owing to rapid industrialization, increase in transportation, and growth of the population in the region. Emerging countries in the region, such as China, India, and Japan, are contributing significantly to the PVC coated fabrics market, owing to the improvement in standard of living, rise in adoption of western culture, increase in affordability, and growth of the population.

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North America is a major contributor to the global PVC coated fabrics market. Rise in technological advancements and use of PVC coated fabrics in new technological developments such as building and construction are estimated to boost the PVC coated fabrics market in the region during the forecast period.

Europe also accounts for key share of the global PVC coated fabrics market. Market share of Europe is expected to decrease during the forecasted period, as PVC has been termed harmful by The European Chemical Agency.

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Global Aviation Lubricants Market: Key Highlights

· The global aviation lubricants market was valued at ~US$ 875 Mn in 2018, and is anticipated to expand at a CAGR of ~ 5% during the forecast period.

· The global aviation lubricants market is driven by rise in the demand for commercial aviation and general aviation.

· North America accounts for a substantial share of the global aviation lubricants market, due to increase in the demand for domestic aviation and supportive schemes by governments in the region.

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Key Drivers of Global Aviation Lubricants Market

· Rise in the demand for air travel among passengers and increase in cargo activities are the key factors boosting the global aerospace industry. The emergence of a large-sized middle class, rise in urbanization, and growth of megacities are encouraging people to move from one place to another for business or personal reasons.

· According to the International Civil Aviation Organization (ICAO), 4.3 billion passengers used the global air transport network for business, tourism, or simply to visit friends and relatives (VFR) in 2018. The annual total number of passengers increased by 6.1% in 2018 as compared to 2017. The number of departures rose to approximately 38 million, globally.

· According to a survey by Airbus Helicopters, 14,000 military helicopters are expected to be produced, worldwide, in the next 20 years. Increase in the number of military aircraft in developing economies, especially in Asia Pacific, and replacement and maintenance of the existing ones, are boosting the demand for aviation lubricants for use in military aircraft.

Large Commercial Jets to Witness Attractive Opportunities

· The large commercial jets segment accounted for a leading share of the global aviation lubricants market in 2018. Moreover, the segment is anticipated to expand at a significant rate in the global aviation lubricants market during the forecast period.

· This is primarily due to the increasing number of aircraft passengers across the globe, especially in developing countries such as China and India. In these countries, the number of airline passengers has been growing at a significant rate over the last few years, due to the rising disposable income and spending power of people in these countries.

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High Investments and Risks Associated with Aviation to Hamper Market

· Air transport is considered costlier than other modes of transport. The operating costs of airplanes are higher. Hence, airfares are high, and middle-class people may not always be able to afford them.

· Also, in case of any failure in an aircraft, all persons on board can be at a high risk. This factor hampers the global aviation industry.

· Due to the recent threats and growth in geopolitical instability, the military aviation sector witnessed a slowdown in 2018. Economic difficulties as well as postponement of significant military campaigns have resulted in uncertainties. According to Airbus Helicopters, worldwide deliveries of military turbine helicopters decreased to ~620 units in 2018.

North America Dominates Global Aviation Lubricants Market

· Among the regions, North America accounted for a major share of the global aviation lubricants market in 2018. North America has the second-largest commercial aviation fleet in the world. According to Boeing Commercial Market Outlook 2019–2038, North America had 7,550 commercial aircraft in 2018.

· Increase in the number of domestic passengers in the region is anticipated to fuel commercial aviation activities in the region during the forecast period.

· In terms of military aviation, North America has the largest fleet across the globe. The U.S. had a fleet size of approximately 13,398 aircraft in 2018.

· Increase in government spending on military aircraft in North America is anticipated to drive military aviation in the region in the next few years. This, in turn, is projected to augment the aviation lubricants market in the region from 2019 and 2027.

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Highly Competitive Market Led by Large Number of Small and Medium Players

The global aviation lubricants market is oligopolistic in nature. A small number of large- and medium-sized players operate in the global aviation lubricants market. The top three players, i.e. ExxonMobil Corporation, Royal Dutch Shell Plc., and Total Group, accounted for a collective share of approximately 60% of the global aviation lubricants market in 2018. Among these, ExxonMobil Corporation accounted for a major share of the global aviation lubricants market. The company has a wide distribution network and operates across all major regions. ExxonMobil Corporation focuses on developing new aviation lubricant solutions.

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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Transparency Market Research Inc.

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Glass Fibers Market: Key Highlights

A recent research report published by Transparency Market Research projects the global glass fibers market to expand at a CAGR of 7.8% during the period between 2019 and 2027. The report, titled “Glass Fibers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 - 2027,” estimates the global market to reach US$ 22.32 Bn by 2027, from US$ 11.35 bn in 2018.

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Rising Application Scope of Glass Fiber to Provide Lucrative Opportunity

The potential for the global glass fibers market lies in the expanded application extent of fiber glass. They are broadly utilized as a part of the automotive industry in new parts as they prompt lower tooling cost when contrasted with customary materials, for example, metals. Also, the material is utilized as a part of an assortment of other application industry, for example, hardware, aviation, energy and purchaser industry. Different substantial organizations are reliably enhancing new products which would build the application extent of glass fibers.

Furthermore, the expanded spotlight on energy preservation in the construction industry, has prompted higher accentuation on usage of glass fibers as they give unrivaled protection properties at an ostensible cost. These are key factors which could prompt sellers profiting by the market opportunity, energizing market growth.

Segmental Outlook: Global Glass Fibers Market

The application segment of building and construction will largely contribute to the rise of the global glass fibers market over the forecast period. With a 7.9% CAGR, this application segment is expected to show unprecedented potential in the coming years. This could be attributed to the boom in population in emerging regions, especially Asia Pacific, leading to surge in demand for residential as well as commercial space.

Asia Pacific Dominated the Global Glass Fibers Market in 2018

Geographically, Asia Pacific was evaluated to account for roughly 48% of the overall market share in 2018. With its escalating population pool, Asia Pacific is expected to emerge as the swiftest regional market in the global glass fibers market, with its burgeoning construction industry.

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Global Glass Fibers Market Featuring Consolidation

The global glass fibers market comprises of a number of international as well as regional vendors. The companies operating in the market are seen focusing on ensuring product differentiation, leading to heavy investments in research and development activities. Local vendors are increasingly adopting the latest technology in their product in order to lure consumer and thrive in the overall market. The market’s competitive landscape features consolidation currently. The vendors are seen focusing on improvement of product quality, and establishment of strong distribution and export channels, to gain an edge over their competitors.

Some of the prominent vendors operating in the global glass fibers market are Jushi Group, Jiangsu Jiuding New Material Co. Ltd, Owens Corning, Nippon Electric Glass Co., CHONGQING POLYCOMP INTERNATIONAL CORP, and AGY Holding Corp, among others.

Global Glass Fibers Market – Key Developments

In March 2019, AGY Holding Corp. announced that the launch of the production of a new line of S-2 Glass® rovings designed to reinforce high-performance sheet molding compounds (SMC). These new rovings are designed for specific resin compatibility, as well as for the unique process requirements of commercial SMC production. This customization would permit the production of compounds which can provide full transmission of properties of the high-strength S-2 Glass® reinforcements to the finished SMC laminate.

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The Global Glass Fibers Market has been segmented as presented below:

Glass Fibers Market: Product

E-Class Glass Fiber

Performance Glass Fiber

Glass Fibers Market: Application

Building & Construction

Transportation

Industrial

Consumer Goods

Wind Turbine

Others (Including Oil & Gas, etc.)

Glass Fibers Market: Regional Analysis

North America

U.S.

Rest of North America

Europe

U.K.

France

Germany

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

ASEAN

Rest of Asia Pacific

Middle East & Africa

GCC

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Rest of Latin America

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Rohit Bhisey

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

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Tel: +1-518-618-1030

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The global lithium-ion battery market is expected to expand at a CAGR of 11.8% CAGR during the forecast period of 2021 to 2031, according the analysts of a new research report published by Transparency Market Research. This study highlights that the lithium-ion battery market is expected to gather prodigious sales opportunities from various end-user industries such as automotive and consumer electronics. The newly published research report gives 360-degree analysis of many important facets such as challenges, growth avenues, trends, and drivers of the lithium-ion battery market for the forecast period. It also sheds light on various threats in the market for lithium-ion battery.

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The global lithium-ion battery market is expected to reach the value of US$ 64.83 Bn by the end of 2031

Expansion of Lithium-ion Battery Market

The segmentation of the global lithium-ion battery market is performed on the basis of various key aspects such as product, end-use industry, and region. In terms of product, the market for lithium-ion battery has been classified into battery pack, energy storage system (ESS), and cell/module.

Based on end-use industry, the lithium-ion battery market has been divided into automotive, grid energy & industrial, and consumer electronics. On the basis of region, the market for lithium-ion battery has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

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Players in Lithium-ion Battery Market Focus on New Product Launches and Production Expansions

A123 Systems LLC, BYD Company Limited, Samsung SDI Co. Ltd, LG Chem, Ltd., Amperex Technology Limited (ATL), Panasonic Corporation, Toshiba Corporation, Murata Manufacturing Co. Ltd., Maxell Holdings, and Clarios Power Solutions are some of the key players operating in the global lithium-ion battery market. The presence of many players is the indication of high level of competition in the market for lithium-ion battery.

Growth in Government Initiatives to Encourage Usage of Electric Vehicles

Lithium-ion battery comprises many components such as anode, cathode, electrolyte, and separator. The product is gathering traction across end-use industries, owing to various features it offers. High discharge power, low impact of time, and high energy density are some of the key advantages of this product making it suitable for use in electric vehicles.

In the past few years, government authorities of many countries across the globe have been taking initiatives to reduce pollution levels and carbonization. Several developing nations such as China and India experience availability of huge spaces to introduce manufacturing capacities and abundant presence of natural resources. Government bodies are utilizing these factors to shift their focus toward increasing the production of electric vehicles instead of fuel-powered vehicles. This is projected to work as key driver of the lithium-ion battery market in the next few years.

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Recycling of Lithium-ion Batteries Holds Potentials to Reduce Disposal Problems

The lithium-ion battery market does encounter a deadlock when it comes to environmental sustainability. With the exponentially rising need to integrate lithium-ion batteries in EVs, serious disposal concerns and their detrimental effects on the environment have inspired automakers to give a second thought to adopting them.

With polymer separators and plastic cases being used to manufacture lithium-ion batteries, the shift to electric energy from fossil-based energy for EVs makes only a marginal difference. This has challenged manufacturers to rethink their products. However, innovation in the technological range engendered the recycling of lithium-ion batteries, which is likely to become a trend of the industry. With automation meeting recycling processes, the separation of different components have been easier, and, in that perspective, manufacturers can capitalize on the reduced overhead costs with low raw material requirements.

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Lithium-ion Battery Market: Overview

· The lithium-ion battery market is expected to grow over 2x between 2021 and 2031. Unsurprisingly, consumer electronics will be at the forefront. As EV penetration grows rapidly, and the automotive industry looks to reduce its dependence on fossils, lithium-ion battery manufacturers will unlock access to opportunities that were unthinkable of a decade ago.

· Across the globe, rise in the sales of electric vehicles (EVs) is driving the demand for lithium-ion batteries. Apart from developed countries, even in developing countries such as China, governments have mandated car makers to ensure that EV sales account for at least 30% of their sales by 2030.

· A lithium-ion battery consists of a cathode, anode, separator, and electrolyte. In the value chain analysis of the global lithium-ion battery market, the main players are raw material suppliers, separator suppliers, anode suppliers, cathode suppliers, electrolyte suppliers, lithium-ion battery manufacturers, and end users.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Rohit Bhisey

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

The global cross laminated timber (CLT) market depicts the presence of a highly fragmented and competitive vendor landscape, notes Transparency Market Research on the basis of a newly published report. Such an intense competition mainly exists thanks to the presence of innumerable players. Most companies are focusing on facilitating product differentiation and expanding their product portfolios in the global cross laminated timber (CLT) market.

Nordic Structures, Mayr-Melnhof Holz Holding AG, Binderholz Bausysteme GmbH, Structurlam Mass Timber Corporation, Ed. Züblin AG, and Sterling Lumber Company, are key companies operating in the global cross laminated timber (CLT) market. The competition is likely to intensify with increasing number of players in the next few years.

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As per expert analysts, the global cross laminated timber (CLT) market was valued at US$670.2 mn in 2016. This revenue is further expected to reach valuation of US$2332.1 mn by the end of 2025. Such a prolific growth is projected to occur at a spectacular CAGR of 15.1% during the forecast period ranging from 2017 to 2025. On the basis of product, the adhesive bonded CLT segment leads the global cross laminated timber (CLT) market.

This is mainly due to a prolific rise in the number of residential buildings being constructed where such adhesive is used in high proportion. Region-wise, a strong competitive scenario in Europe made this region accumulate highest revenue in 2016 in the cross laminated timber (CLT) market. And this is expected to continue even in the near future.

Increasing Demand for Sustainable Living Boosts Growth in Market

With rising demand for sustainable building solutions, the global cross laminated timber (CLT) market is witnessing a highly positive growth rate. This is mainly due to the fact that the CLT material can serve as a useful alternative to other products that might be manufactured from environment polluting processes. Cross laminated timer is renewable and hence can offset most of these effects.

Moreover, with increasing encouragement from several governments to utilize renewable materials for construction, the global cross laminated timber (CLT) market could witness immense expansion in the next few years. In addition, CLT systems help create a highly breathable environment. This advantage is highly necessary to instill a sense of improved comfort inside modern constructed structures. Thus, the need for utmost comfort that can be derived from CLT is a major factor driving the global cross laminated timber (CLT) market.

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Less Availability of Renewably Processes Timber in Remote Region Stunts Expansion

However, CLT might not be readily available in many underdeveloped and remote regions. This makes the global cross laminated timber (CLT) market exist at a notably nascent stage in such geographical extents. Moreover, production of this timber might be substantially costly due to its eco-friendly nature. Such costs might increase the end service expenses, typically of the space inside a constructed structure.

As not everyone can afford high costs of sustainable living, this aspect makes it difficult for the global cross laminated timber (CLT) market to proliferate beyond a certain limit. Nonetheless, several players are trying to reduce the production costs. This can reduce effects of most restraints affecting the global cross laminated timber (CLT) market.

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The tall oil fatty acid market is estimated to observe good growth prospects during the forecast period of 2019-2027 on the back of the growing applications in a large number of sectors and applications. The increasing use of tall oil fatty acids in end-user industries such as lubricants, coatings, fuel additives, biofuels, asphalt additives, plastics, metal working fluids, and others will bring promising growth for the tall oil fatty acid market.

Tall oil fatty acid is a pure form of fatty acid with a low level of rosin acids and unsaponifiables. It mainly comprises linoleic acid and oleic acid. It is a perfect raw material for numerous chemical reactions and intermediates. These fatty acids are used in raw form. They are also utilized as precursors to synthesize a plethora of products. The versatility of tall oil fatty acids among many applications will bring immense growth opportunities for the global market during the forecast period.

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The expanding demand for crude oil across numerous regions will serve as a profitable growth generator for the tall oil fatty acid market. It is prominently used in the production of crude oil. Tall oil fatty acids are derived from crude tall oil, a by-product of the Kraft paper pulping process. Therefore, the rising use of crude oil will subsequently increase the growth rate of the tall oil fatty acid market.

Transparency Market Research’s (TMR’s) research report on the tall oil fatty acid market has every component that will assist the stakeholder in understanding the current scenario. The overall market research survey on tall oil fatty acid by TMR suggests a stable growth period.

According to the TMR experts, the market for tall oil fatty acid is prognosticated to expand at 4.2 percent CAGR during the forecast period of 2019-2027. In the context of valuation, the tall oil fatty acid market is estimated to reach a valuation of US$ 1213.12 mn by 2027, the end year of the forecast period, and was valued at US$ 882.15 mn in 2018.

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Swelling Popularity for Renewable Fuels to Accelerate the Growth Opportunities across Tall Oil Fatty Acid Market

With the depleting resources of fossil fuels, the demand for biofuels is rising at a rapid rate. Many countries are focusing on developing renewable fuels. For instance, the Indian Government introduced a Biofuel Policy with the objective to reach 20 percent ethanol-blending and 5 percent biodiesel-blending with fossil-based fuels by 2030. Such initiatives bode well for the growth of the tall oil fatty acid market.

Expanding Demand for Soaps and Detergents Deemed to Bring Exponential Growth for the Tall Oil Fatty Acid Market

Use of oleic acid in the production of soaps and detergents will help in boosting the growth prospects of the tall oil fatty acid market to a considerable extent. The growing disposable income of many individuals, especially in densely populated countries like India and China, has led to an increase in the sales of consumer electronics like washing machines. The growing sales of washing machines are directly proportional to the heightening demand for detergents, which, in turn, intensifies the growth prospects of the tall oil fatty acid market.

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Tall Oil Fatty Acid Market: Key Restraints

· The lack of quality raw materials restrains the market from developing the quality required for tall oil fatty acid production. This factor hinders the growth of the tall oil fatty acid market to a considerable extent.

· The penetration of tall oil fatty acids is low in countries having massive population numbers, such as India and China. These aspects will hamper the growth of the tall oil fatty acid market substantially.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Rohit Bhisey

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com