Automotive Aluminum Market Development Global Analysis 2018-2024

The global automotive aluminum market is expected to observe an extensive growth in the coming years, due to the increased demand for lightweight material in automobile industry, coupled with growing vehicle production in many countries around the world. Aluminum considerably reduces the overall weight of a vehicle and thus increases the fuel efficiency of the vehicle, which in turn, produces fewer tailpipe emission. Apart from this, 90% of aluminum used in automobile can be recycled. Mandatory regulations and strict emission norms in many countries have increased the demand for aluminum in the automotive industry.

Based on vehicle type, the automotive aluminum market is classified into passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). Among these, the passenger car is expected to continue dominate the automotive aluminum market over the forecast period, owing to its high production, especially in India and China, coupled with rising demand for fuel-efficient vehicle.

On the basis of application, the automotive aluminum market is categorized into powertrain, car body, and chassis. The car body is expected to be the fastest growing category during the forecast period. The growth of this category is mainly driven by increasing use of aluminum in car body to reduce the overall weight of the car.

Geographically, Asia-Pacific has dominated the automotive aluminum market and is foreseen to continue the domination during the forecast period as well. The growth will be driven by high production of passenger cars in many countries of the region such as China and India, coupled with increasing investments by automakers for the production of automobiles in the region.

The steady rise in production of automobiles in many countries, coupled with growing demand for lightweight material in automobiles has fueled the demand for aluminum in the automobile industry. There is growing demand for lightweight material in automobiles as lightweight vehicles have better acceleration, braking, handling, and fuel efficiency, and low emission. The amount of aluminum required to provide the same strength as that of steel weighs 40% less than the steel. The inherent advantages of aluminum will attribute its high demand in the industry. Apart from this, strict emission regulation in many countries to reduce the automobile emission is expected to benefit the automotive aluminum market.

Fluctuation in price of aluminum, coupled with high cost of aluminum as compared to steel is one of the major restraints affecting the growth of the automotive aluminum market. In addition, easy availability of other lightweight materials such as magnesium and reinforced plastic is further expected to negatively affect the industry.

Major key players operating in the market are Norsk Hydro ASA, Alcoa Corporation, Aluminum Corporation of China Limited (Chalco), Constellium NV, Aleris International Inc., Novelis Inc., Rio Tinto plc, Norsk Hydro ASA, United Company RUSAL Plc, and Kaiser Aluminum Corporation.

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Upcoming Sports Events Propelling the Demand for Physical Security Systems in The Country

Japan physical security market is projected to display a significant growth during the forecast period, where it is expected to reach $7,613.4 million by 2024.

Rising security concerns coupled with upcoming sports events such as Summer Olympics and Asian Games is fueling the growth of physical security market in the country.

The demand for remote access, wireless connectivity, high video resolution, deep learning, AI-enabled facial recognition, and enhanced security capabilities are supporting the growth of IP video surveillance systems in the country. Japan market displayed potential growth in demand for dome IP cameras, followed by bullet IP cameras in public infrastructure and transportation verticals.

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Video surveillance market in the country is primarily led by government & transportation, commercial offices/buildings, BFSI, and retail. Among these, government & transportation category accounted for the highest revenue share in 2018.

Within the overall physical security market in Japan , video surveillance category held the largest revenue share, and is further expected to register the fastest growth during the forecast period as well. Although analog video surveillance category accounted for highest share, however, IP/network video surveillance category is forecast to acquire major share by 2024.

For instance, for the upcoming Olympic games, the government of Japan is investing more on security systems of the country. The Japanese Rail Company is planning to deploy around 22,000 security cameras on metro and railway stations by 2020.

Market Segmentation by Type

• Hardware
  • Video surveillance system
    • By type
      • Analog
        • Analog camera
        • Digital video recorder (DVR)
      • IP/Network
        • IP/Network camera
        • Network video recorder (NVR)

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Increasing Funding Driving Blockchain Technology in Healthcare Market

The global blockchain technology in healthcare market attained a value of $44.6 million in 2017 and is further expected to witness a CAGR of more than 67.1% during the forecast period (2018–2023­). This growth is due to the implementation of blockchain in pharmaceutical supply, growing funding and investments in the technology, and increasing number of regulations for safeguarding consumer data. A distributed system which stores records of data transactions completed online is called blockchain. In healthcare, it helps bring together clinical data across multiple healthcare organizations, such as clinics and hospitals.

The blockchain technology in healthcare market is divided into claims adjudication & billing management, drug discovery & clinical trials, prescription drug abuse, drug supply chain management, clinical data exchange & interoperability, and others, in terms of application. Among these, clinical data exchange & interoperability held the largest (40.0%) share of the market in 2017 and is predicted to grow at the highest CAGR during the forecast period. This is because the blockchain technology can potentially transform the sharing and storage of clinical information and data across the total care continuum, including healthcare partners, patients, and payers.

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One of the major driving factors of the blockchain technology in healthcare market is the increasing number of regulations for safeguarding consumer data. Governments across the world are implementing stringent regulations to protect consumer information due to the growing incidents of data breach and theft. For instance, a new European Union data protection rule, the “General Data Protection Regulation (GDPR)”, came into effect in May 2018. The GDPR aims to protect EU citizens from data and privacy breaches, and because of the existence of such regulations, companies across the world have to invest in data security.  

The need for better management of medical data is creating great opportunities for the players in the blockchain in healthcare market. The life sciences and healthcare industries generate and work on huge amounts of data, due to which they are facing problems on several fronts including fragmentation, inconsistency, cybersecurity, and interoperability. The blockchain technology has shown great potential in establishing a healthcare ecosystem that can manage the privacy, security, and interoperability of health data in a better way. In addition, it also assists healthcare providers in delivering better care.

Hence, the rising number of regulations for safeguarding consumer data and increasing investments and funding in the blockchain technology are driving the growth of the market.

GLOBAL BLOCKCHAIN IN HEALTHCARE MARKET SEGMENTATION

By Application

·         Clinical Data Exchange and Interoperability

·         Claims Adjudication and Billing Management

·         Drug Supply Chain Management

·         Drug Discovery and Clinical Trials

·         Prescription Drug Abuse

·         Others

By End User

·         Pharmaceutical Companies

·         Healthcare Providers

·         Healthcare Payers

·         Others

By Geography

·         North America Blockchain in Healthcare Market

·         Europe Blockchain in Healthcare Market

·         Asia-Pacific (APAC) Blockchain in Healthcare Market

·         Latin America (LATAM) Blockchain in Healthcare Market

·         Middle East and Africa (MEA) Blockchain in Healthcare Market

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What are the key strategies adopted by the major players to expand self-levelling concrete market share ?

Due to the expanding construction industry and increasing shift to self-levelling concrete from the conventional one, the self-levelling concrete market is flourishing significantly. In the year 2017, the market generated a revenue of $5,000.3 million, and it is predicted to witness a 5.1% CAGR during the forecast period (2018–2023). Such concrete is a mixture of water and powder that has a specific flow viscosity, which permits it to gain its own level on the floor prior to setting.

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On the basis of type, the self-levelling concrete market is bifurcated into toppings and underlayment. Of the two, in 2017, underlayment held the larger share of more than 75.0% in the market, and it is expected to continue dominating it during the 2018–2023 period. Underlayment corrects and smooths any surface irregularities before the layering of ceramic tiles, wooden flooring or carpet, which is why these are widely being adopted in the residential and commercial construction sectors. 

Based on end-user, the self-levelling concrete market is bifurcated into residential and commercial sectors, of which, in 2017, the commercial sector led the market with a revenue generation of more than 70.0%, and it is anticipated to maintain its lead during the forecast period. The dominating position of the commercial sector can be attributed to the surging consumption of the material in commercial spaces, such as hospitals, educational institutes, and retail stores, around the globe. 

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Conventional concrete materials lead to high water consumption, require professional handling, and have low-tensile strength, which causes the opening of floor joints and cracking of coverings. As a result, many organizations operating in the self-levelling concrete market are engaging in extensive research and development to offer better concrete and flooring materials. Modern self-levelling concrete requires less water and has higher flow properties in comparison to traditional cement. These materials help in creating a smooth and flat surface with significant compressive strength.

In addition, with the innovation in the self-levelling concrete technology, enhanced materials can be mounted at a moderate thickness of just 0.125 inches, increasing up to 3 inches for highly undulated places. The expansion of the construction industry is directly influencing the demand for self-levelling concrete. This is attributed to the fact that owing to their viscosity-retention capability, these products are an ideal choice in the commercial construction niche for new buildings, floor surfaces, renovations, and non-building structures. The normal installation thickness of such concrete is nearly 0.25 inches, which ensures that enough mass is present for the flow of materials.

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In the last two decades, the constriction niche has observed immense growth in developing economies due to rapid industrialization, which has led to the introduction of a new series of construction materials, such as isocrates and screeds in the self-levelling concrete market. The surging usage of flooring materials is expected to offer huge opportunities to financers, who are interested in investing in this fast-growing market. Further, the conventional method of floor smoothing is labor-intensive and consumes excessive water.

This has led to the adoption of self-levelling concrete in place of the traditional variant. By using this type of concrete, people can easily walk on the floor within few hours as it has eight-times faster setting power. Furthermore, it is water-resistant, has high compressive strength, and can be coated from few edges to certain inches in just one pour. Owing to these benefits, the consumption of such concrete is expected to increase during the forecast period.

Hence, the expanding construction industry is predicted to boost the market for self-levelling concrete across the world.

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What are the emerging technologies for the development of Agricultural Micronutrients Market ?

The rapid population growth across the globe is a key factor driving the progress of the agricultural micronutrients market. Generating a $5,848.0 million revenue in 2017, the market is predicted to advance at a CAGR of 7.5% during the forecast period (2018–2023). It is also being expected that by 2023, the market will value $9,009.2 million. By definition, micronutrients are those nutrients that plants use in small amounts for their growth. A micronutrient deficiency can result in vulnerability to diseases and premature death.

Iron, zinc, molybdenum, manganese, boron, and others are the various categories when the market is segmented by type. Among these, zinc-based products held the largest revenue share, of more than 25.0%, in the agricultural micronutrients market in 2017. The reason for this was that zinc is an important constituent of several plant enzymes and proteins that are important for metabolism. As the need to shorten the crop maturation period increases, so will the demand for zinc micronutrients during the forecast period.

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On the basis of form factor, the market is divided into ethylenediaminetetraacetic acid (EDTA), ethylenediamine-N,N'-bis(2-hydroxyphenylacetic acid) (EDDHA), diethylenetriaminepentaacetic acid (DTPA), N,N′-bis(2-hydroxyphenyl)ethylenediamine-N,N′-diacetic acid (HBED), and non-chelated. Among these, the non-chelated division led the agricultural micronutrients market in 2017 in terms of sales volume, as these are cheaper than other form factors, therefore are consumed heavily in major agrarian countries, such as Indonesia, China, and India, which are also emerging economies at the moment.

When segmented by crop type, the market is classified into oilseeds and pulses, fruits and vegetables, cereals and grains, and others. Among these, cereals and grains contributed over 50.0% of the revenue to the agricultural micronutrients market in 2017, as such products are extensively used for maximizing the yield of such crops. The population boom across the world is resulting in an ever-increasing demand for grains and cereals, thereby, boosting the sale of micronutrients. 

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The United Nations Department of Economic and Social Affairs’ population division reported that the global population, which was 7.6 billion in 2017 will grow to around 9.8 billion by 2050. This will further boost the demand for cereals, grains, fruits, vegetables, pulses, and oilseeds. To meet the need, farmers would be under immense pressure to better their yield and shorten the crop maturation period to maximize the production. Therefore, with a rise in the global demand for food, the agricultural micronutrients market will continue growing.

Further, the arable land area is also shrinking, primarily owing to the growth of cities. As per the United Nations Food and Agriculture Organization, the total arable land area shrunk from 49.4 million square kilometers in 2000 to 48.6 million square kilometers in 2015. Not only this, but the arable land area per farmer is also expected to decrease from 0.23 hectares in 2000 to 0.15 hectares by 2050. With the farm area decreasing, farmers would use micronutrients in a higher amount to maintain their yield and revenue.

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Apart from population growth and farm area reduction, the increasing mineral deficiency in the soil is also driving the agricultural micronutrients market across the globe. If the soil is deficient in micronutrients, photosynthesis will be hampered, resulting in stunted growth or premature death. Thus, to make sure this does not happen, the agrarian community is adding micronutrients to the soil in considerable amounts. Further, crops deficient in nutrients ultimately impact humans negatively too.

Thus, it is clear that as farmers strive to increase their yield in times of mineral deficiency in the soil, the demand for agricultural micronutrients will rise.

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Asia-Pacific Air Compressor Market Growing Due to Expanding Automotive Industry

The Asia-Pacific air compressor market was valued at $11.8 billion in 2018 and is projected to grow with a CAGR of 4.1% during the forecast period (2019–2024). The key factors responsible for the growth of the market are the increasing demand for energy-efficient air compressors and expanding automotive industry.

An air compressor is a mechanical device, which compresses the air using energy (chemical, electrical, or any other form). Several industries make use of this technology, such as food & beverage, textile, chemical & cement, oil & gas, and automotive.

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Dynamic air compressors are expected to witness the higher CAGR during the forecast period, in terms of value and volume. This category is further divided into axial flow and centrifugal compressors. 

When type is considered, the APAC air compressor market is bifurcated into dynamic and positive displacement. Out of these, the positive displacement category dominated the market during the historical period (2014–2018) and is predicted to hold its position during the forecast period, both in terms of volume and value, due to the rising demand for rotary air compressors.

On the basis of application, the APAC air compressor market is categorized into textile, construction, food & beverage, power, industrial manufacturing, heating, ventilation, air conditioning, and refrigeration (HVAC-R), oil & gas, automotive, chemical & cement, and others.

The category of industrial manufacturing generated the highest revenue during the historical period and is predicted to dominate the market during the forecast period as well due to its fast growth in India and China. The application of food & beverage is expected to progress the fastest during the forecast period.

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Technical Advancements to Aid in Process Analytical Technology (PAT) Market Growth

The process analytical technology market is witnessing growth due to the increasing focus on quality improvement, adherence to quality-by-design principles, and growing investments by drug manufacturers in research and development (R&D). The market valued $1,744.5 million in 2016, and it is expected to advance at a 12.9% CAGR during the forecast period (2017–2023). PAT is deployed by chemical and pharmaceutical companies to analyze the components used in the manufacturing of pharmaceuticals and maintain the quality of the products in compliance with the U.S. Food and Drug Administration’s (USFDA) standards.

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The process analytical technology market is observing the trend of outsourcing of the manufacturing process on contract. Numerous advantages, such as low capital investment and production cost, desired quality of the product, and the flexibility to focus on other areas of the supply chain, such as product marketing, are associated with outsourcing the operations to contract manufacturing organizations. With rules and regulations becoming stricter in many countries, companies are finding it easier to operate by employing outsourcing strategies than complying with the stringent regulatory process.

The major driver for the process analytical technology market is the increasing investments in R&D activities, on which the growth of market is highly dependent, as with R&D comes funding, which is essential to implement the expensive technology. With technological improvements and rising disease burden, pharmaceutical companies have increased their R&D expenditure. As per Research America, in 2015, the U.S. medical sector drew 13.3% more investments compared to 2013. The Pharmaceutical Research and Manufacturers of America (PhRMA) mentioned that its member companies invested approximately $58.8 billion in R&D in 2015, which represented a 10.3% increase from 2014.

The subdivisions of the products & services segment of the PAT market are products and services. The products subdivision is further categorized into sensors & probes, analyzers, and samplers, whereas the main services are repair & maintenance of instruments, training services, and chemometrics & statistics data processing. Due to the rising demand for chemometrics and statistical data processing, the services subdivision is expected to attain faster growth compared to the products subdivision during the forecast period.

Thus, as the pharmaceutical industry experiences a boom, so would the market for PAT.

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