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Wax Emulsion Market - Forecast(2024 - 2030)
Wax Emulsion Market Overview
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The emergence of COVID-19
The outbreak of COVID-19 has negatively impacted the wax emulsion market. The abrupt closure of production centers in China, and its impact caused chaos among global auto manufacturers in European Union, US, India, and South America region. For instance, Toyota Motor Corporation reported a YoY sales decline of 26%, May’s unit sales were almost double that of April, which fell 56% YoY.
Additionally, Sales of new-energy vehicles (NEVs) in China in June fell 35% YoY to 85,600 units, following a drop of 26% in May and 30% in April. The demand for wax emulsion lowered due to the declining automotive industry. In addition, a decrease in purchasing capital lowered construction activities and demand for apparel. According to the National Bureau of Statistics of China, the online retail sales of clothing goods decreased by 18.1 percent, substantially hampering the growth of the wax emulsion market.
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Wax Emulsion Market Report Coverage
The report: “Wax Emulsion Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wax Emulsion Market.
By Type: Natural (Animal, Vegetable and Minerals), and Synthetic (Polyethylene, Polypropylene, Paraffin, poly tetrafluoroethylene (PTFE), Fischer-Tropsch, and Others)
By Application: Wood Coatings, Adhesive & Sealants, Printing Inks, Fiberglass Insulation, Metal Polish, Lubricants, Textile Finish, cold creams, lipsticks, Tires, and Others
By End-Use Industry: Paint & Coatings, Building & Construction (Residential, Commercial, Industrial, and Infrastructure), Textile & Leather, Pulp & Paper, Cosmetics and Personal care, Automotive (Passenger Cars, Light Commercial Vehicle, and Heavy Duty Vehicles), Packaging, Wood Processing, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (the Middle East, and Africa)
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Key Takeaways
● The U.K has shown significant growth in the wax emulsion market due to its high demand from wood processing industries for the protection of woods from water and prevent rotting.
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Wax Emulsion Market Segment Analysis — By Type
Synthetic segment held the largest share of more than 60.23% in the Wax Emulsion market in 2023. Synthetic wax emulsions are synthesized from synthetic polymers such as polyethylene, polypropylene, polytetrafluoroethylene, and many more. Synthetic wax emulsions are long-lasting, abrasion-resistant and provide good protection from contaminants like dust, grime, and corrosion. Thus, the availability of synthetic wax emulsion with varied properties makes it suitable for numerous applications including paints & coatings, cosmetics, and construction, significantly augmenting the market growth. However, increasing environmental concerns are driving the demand for natural wax emulsions such as Lanolin, Beeswax, Carnauba, and Candellila waxes.
Polyethylene wax segment consists of low-density polyethylene (LDPE) and High Density Polyethylene (HDPE) and is obtained by polymerization of Ethylene monomers. Physical attributes such as water-repellence, abrasion resistance, slip control, lubrication, and anti-blocking are contributing to the growth of polyethylene wax emulsion. Polyethylene wax emulsion manufactures more easily and is cost-effective. Surging use of polyethylene wax emulsion in lithographic and flexographic inks for an improved rub and mar resistance and slip characteristics also aids the market growth.
Wax Emulsion Market Segment Analysis — Application
Wood Coatings segment is projected to witness the highest CAGR of 6.4% during the forecast period. Wax emulsions are extensively used in paints & coatings as they provide a consistent neutral color and offer formulators maximum flexibility in pigmented applications. Wax emulsions also improve the durability of water-based paints, by offering excellent scratch- and abrasion resistance. An increase in building and constructions has proliferated the demand for paint & coatings.
Hence, surging demand for paints and coatings as a consequence of huge constructional activities may bolster the growth of the wax emulsion market.
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Wax Emulsion Market Segment Analysis — End-Use Industry
Textile and leather segment held the largest share of more than 26% in the wax emulsion market in 2023. Wax emulsions are used in the textile and leather industry for waterproofing of textile and leather substrates, modifying the frictional properties of fibers, yarns, and sewing threads for better processability, and for enhancing the performance of finishing compounds such as softeners, silicones, and resins. They also provide superior fabric properties such as improved flex abrasion resistance, tear strength, and sewability. Owing to the above benefits the demand for wax emulsions is increasing from textile and leather industries. The Advanced Functional Fabrics of America Institute (AFFOA) brought over $300 million in public-private investment to develop futuristic fabrics and textiles helping to accelerate the revival of textile manufacturing in the United States. The thriving textile industry across the globe and vast technological advances may boost the global demand for wax emulsion.
Wax Emulsion Market Segment Analysis — By Geography
Asia Pacific dominated the Wax Emulsion market with a share of more than 41% in 2023 followed by North America and Europe. Increasing per-capita income and adoption of western culture in emerging economic nations especially in China, and India has boosted the growth of fashion industry and also increased the demand for leather. Increasing demand for apparel and expansion of textile industries across the country is also aiding the growth of market.
With the rising popularity of functional textiles that offer additional properties like water repellency, UV protection, and stain resistance, the demand for wax emulsions in textile coatings and finishes is on the rise. The growing demand for leather and apparel products in emerging markets, coupled with increasing disposable incomes and changing consumer preferences, presents significant opportunities for wax emulsion manufacturers to expand their presence and capture a larger market share in these regions. Thus huge spending on apparels and leather articles escalate the growth of the wax emulsion market.
Wax Emulsion Market Drivers
Growing demand from automotive industries
Wax Emulsions are water repellent, hence its use in automotive paints and polishes prevents water from accumulating in nooks and crannies of car’s surface thereby reducing the risk of corrosion and prevents the formation of water stains and spots on the surface. Wax emulsion are also used as lubricants and in car’s interior leather for matt effect and smoothness. Increase in standard of living coupled with high disposable income boosts the demand for automotive.
Automotive manufacturers prioritize the aesthetic appeal of vehicles to attract customers. Wax emulsions contribute to achieving a glossy finish and enhancing the appearance of automotive coatings, making vehicles more visually appealing to consumers. Continuous innovations in wax emulsion formulations cater to the evolving needs of the automotive industry. Advanced wax emulsions offer improved performance characteristics such as enhanced durability, scratch resistance, and water repellency, meeting the stringent requirements of automotive manufacturers and contributing to market growth. Thus rise in automotive demand augments the growth of the wax emulsion market.
Increasing use of paper and pulp as a substitute for plastics
Increasing environmental concerns and the use of paper as a substitute for plastics drive the growth of the wax emulsion market. In paper coatings, the wax emulsion is added to the coating mixture to reduce dusting during calendaring, to increase water repellency, to improve flexibility, and to raise gloss. When used as sizing in the paper, the wax emulsion helps prevent aqueous solutions, such as ink, from soaking into the paper and paperboard. According to an environmental paper network (EPN), paper use is steadily increasing year on year and exceeded 412 million tons per year in 2023. Also, total paper and paperboard demand for domestic applications such as tissue paper, newsprint, boxboard, etc. reached to 26,592 thousand metric tons in 2023 in Japan, according to the Japan paper association. Therefore, accelerating use for paper augments the demand for wax emulsions for paper sizing.
Wax Emulsion Market — Challenges
Volatility in prices of raw material
The raw materials often used for manufacturing waxes emulsion such as paraffin, polyethylene, and polypropylene are derived from the crude oil. So, fluctuation in oil prices also hampers the prices of wax emulsions. According to, BP Statistical Review of World Energy, in the recent year there is been an increase in the price volatility of crude oil, such as the crude oil price increased from $81.12 in 2022 to a price of $97.67 per barrel in the financial year 2023 hovering a high price rise, and because of this uncertainty in crude oil prices, the price of wax emulsions also increases. The volatility in crude oil prices is expected to be a significant challenge for wax emulsion manufacturers during the forecast period.
Wax Emulsion Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Wax Emulsion market report. Major players in the Wax Emulsion market are:
1. The Dow Chemical Company
2. Exxon Mobil Corporation
3. Momentive Performance Materials Inc.
4. Michelman, Inc.
5. Lubrizol Corporation
6. BASF SE
7. Croda International Plc
8. Arkema SA
9. Lanxess AG
10. Huntsman Corporation and others
Acquisitions / Technology Launches:
● Münzing Group’s Production Plant Inauguration (July 21, 2022): The Münzing Group inaugurated a state-of-the-art production plant in Zeitz Chemical and Industrial Park. This significant investment of EUR 50 million resulted in the creation of 40 new jobs.
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Rotomolded Container Market Size, Share, Trends, Growth Opportunities and Competitive Outlook
"Rotomolded Container Market – Industry Trends and Forecast to 2027
Global Rotomolded Container Market By Product Type (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyamide (PA), Others), Industry (Consumer Electronics, Material Handling, Chemicals & Fertilizers, Food & Beverages Processing, Petroleum & Lubricants), Distribution Channel (Direct Sales, Distributor), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
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**Segments**
- **Material:** The rotomolded container market can be segmented based on the material used in the manufacturing process. Common materials include polyethylene (PE), polypropylene (PP), and others. Polyethylene is widely preferred for its durability, resistance to chemicals, and flexibility, making it suitable for various industries.
- **Product Type:** Another key segment of the rotomolded container market is the product type. This includes drums, tanks, intermediate bulk containers (IBCs), and customized containers. Each type serves specific purposes such as storage, transportation, or processing of goods.
- **Application:** The application segment focuses on the diverse industries that utilize rotomolded containers. These industries include food and beverage, chemicals, pharmaceuticals, agriculture, and others. Rotomolded containers offer benefits like corrosion resistance, easy cleaning, and long-term durability, making them attractive to various sectors.
**Market Players**
- **Snyder Industries:** Snyder Industries is a prominent player in the rotomolded container market, offering a wide range of containers for industrial applications. The company is known for its innovative designs, quality manufacturing processes, and exceptional customer service.
- **Chem-Tainer Industries:** Chem-Tainer Industries specializes in rotomolded plastic tanks and containers for chemical storage, water treatment, and other industrial uses. With a focus on customization and quality control, Chem-Tainer is a trusted supplier in the market.
- **Mauser Packaging Solutions:** Mauser Packaging Solutions is a global leader in sustainable packaging solutions, including rotomolded containers. The company provides a comprehensive range of products for the food, beverage, and industrial sectors, backed by extensive R&D capabilities.
- **Granger Plastics Company:** Granger Plastics Company is known for its expertise in custom rotomolded solutions, catering to niche markets with unique requirements. The company's containers are used in automotive, defense, and other specialized industries, reflecting their versatility and quality.
TheThe rotomolded container market is a dynamic and growing industry with significant segmentation opportunities based on material, product type, and application. One key aspect of the market is the material used in manufacturing, with polyethylene (PE) being a popular choice due to its durability, chemical resistance, and flexibility. This makes it highly suitable for a wide range of industries that require robust and versatile containers. Polypropylene (PP) is also commonly used, offering its own set of benefits such as high heat resistance and stiffness. By segmenting the market based on material, manufacturers can tailor their offerings to meet the diverse needs of different sectors.
Product type is another crucial segment of the rotomolded container market, encompassing a variety of containers such as drums, tanks, intermediate bulk containers (IBCs), and customized solutions. Each product type serves specific purposes, ranging from storage and transportation to processing of goods. By understanding the unique requirements of each product type, manufacturers can develop specialized solutions that cater to the needs of different industries. Customized containers, in particular, offer a high level of flexibility and customization options, allowing businesses to tailor their containers to specific applications and environments.
The application segment of the rotomolded container market focuses on the diverse industries that utilize these containers, including food and beverage, chemicals, pharmaceuticals, agriculture, and others. Rotomolded containers provide numerous benefits to these industries, such as corrosion resistance, easy cleaning, and long-term durability. In the food and beverage industry, for example, rotomolded containers are used for storage and transportation of perishable goods, ensuring quality and freshness throughout the supply chain. In the chemicals sector, these containers offer protection against aggressive substances and hazardous materials, making them crucial for safe handling and storage.
Market players in the rotomolded container industry play a significant role in driving innovation, quality, and customer service. Companies such as Snyder Industries, known for their innovative designs and exceptional customer service, are shaping the market**Segments**
- **Material:** The rotomolded container market offers segmentation opportunities based on material, with polyethylene (PE) as a popular choice for its durability, chemical resistance, and flexibility. Polypropylene (PP) is also commonly used for its high heat resistance and stiffness, catering to industries with specific requirements. Manufacturers can tailor their offerings by material to meet diverse industry needs effectively.
- **Product Type:** Another key segment is product type, including drums, tanks, intermediate bulk containers (IBCs), and customized solutions. Each type serves distinct purposes such as storage, transportation, or processing of goods. Customized containers offer flexibility and customization options for businesses looking to address specific application requirements.
- **Application:** The application segment of the rotomolded container market spans across various industries like food and beverage, chemicals, pharmaceuticals, and agriculture. Rotomolded containers provide benefits such as corrosion resistance, easy cleaning, and long-term durability, making them attractive to different sectors for storage, transportation, and processing needs.
**Market Players**
Snyder Industries, Chem-Tainer Industries, Mauser Packaging Solutions, and Granger Plastics Company are key players driving innovation, quality, and customer service in the rotomolded container market. These companies offer a wide range of containers tailored to meet industry-specific demands, contributing to the market's growth and competitiveness.
The global rotomolded container market is poised for significant growth, influenced by factors like increasing demand for durable and versatile
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Rotomolded Container Market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Rotomolded Container Market.
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Countries Studied:
North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Objectives of the Report
To carefully analyze and forecast the size of the Rotomolded Container market by value and volume.
To estimate the market shares of major segments of the Rotomolded Container
To showcase the development of the Rotomolded Container market in different parts of the world.
To analyze and study micro-markets in terms of their contributions to the Rotomolded Container market, their prospects, and individual growth trends.
To offer precise and useful details about factors affecting the growth of the Rotomolded Container
To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Rotomolded Container market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Polyurethane Elastomers Market - Forecast(2024 - 2030)
Polyurethane Elastomers Market Overview
The Polyurethane Elastomers Market size is forecasted to grow at a CAGR of 4.5% during the forecast period 2022-2027 and reach US$10.8 billion by 2027. Polyurethane Elastomers can be blended into various materials which include polymethyl methacrylate, polypropylene, polystyrene, vinyl ester, polyamide and other materials. It is used in a wide range of industries such as automotive, aerospace, construction, footwear and other industries. In 2020, the COVID-19 lockdown had significantly reduced production activities as a result of the country-wise shutdown of manufacturing sites, shortage of labor and the decline of the supply and demand chain all across the world, thus, affecting the polyurethane elastomers industry. However, a steady recovery in automobile production has been witnessed across the world since 2021. Polyurethane elastomers are primarily used in the automotive industry for the production of tires and body panels of an automobile. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. An increase in automotive production along with the surging demand from the construction industry is expected to drive the growth of the polyurethane elastomers market size in the upcoming years. On the other hand, fluctuating prices of raw materials may confine the growth of the market.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞
Polyurethane Elastomers Market Report Coverage
The “Polyurethane Elastomers Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyurethane Elastomers Market.
By Material Type: Thermoplastic (Polyether, Polycaprolactone, Polymethyl Methacrylate, Polypropylene, Polystyrene, Others), Thermoset (Polyamide, Vinyl Ester, Others).
By Processing Method: Injection Molding, Extrusion, Blow and Compression Molding.
By Application: Automotive Body Panels, Tires, Adhesives, Fibers, Industrial Tools, Appliances, Conveyor Belts, Sealing Gaskets, Lubricants, Consumer Products, Others.
By End-Use Industry: Transportation (Automotive (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicles), Aerospace (Commercial, Military, Others), Marine, Locomotive), Construction (Residential, Commercial, Industrial), Footwear, Electrical & Electronics, Adhesives & Sealants, Medical, Textile, Others.
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East and Africa).
Key Takeaways
The injection molding segment held a significant share in The Polyurethane Elastomers Market in 2021. Its wide range of characteristics and higher efficiency made it stand out in comparison to other types of processing methods in the market.
Footwear industry held the largest share in the Polyurethane Elastomers Market in 2021, owing to the increasing demand for polyurethane elastomers for the production of footwear, owing to its properties such as durability, flexibility and lightness.
Asia-Pacific dominated the Polyurethane Elastomers Market in 2021, owing to the increasing demand for polyurethane elastomers from the footwear industry in the region.
A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Polyurethane Elastomers Market Report
#Polyurethane Elastomers Market price#Polyurethane Elastomers Market size#Polyurethane Elastomers Market share#Polyurethane Elastomers Market forecast
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Automotive Coolant After Market Analysis: Forecasted Market Size, Top Segments, And Largest Region
The latest report by Fortune Business Insight Research Company Insights, titled Global Automotive Coolant After Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast Period, provides a thorough analysis of the global Automotive Coolant After Market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as new product launches or approvals, as well as the influence of external factors such as technological advancements and consumer preferences on the automotive carbon wheels market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving automotive industry.
The automotive coolant aftermarket is an important part of the automobile industry that has been gaining significant traction in recent years and is projected to grow in the coming years.
Get Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/107968
Market Size And Growth Forecast:
The automotive Automotive Coolant After Market size has grown strongly in recent years. in the historic period can be attributed to vehicle production growth, stringent automotive safety standards, consumer demand for noise reduction, increasing emphasis on vehicle aesthetics, and globalization of automotive supply chains.
The Automotive Coolant After Market size is expected to see strong growth in the next few years. It will grow in the forecast period & can be attributed to rise in autonomous vehicle adoption, stringent environmental regulations, demand for enhanced weather resistance, focus on energy-efficient vehicles, and innovations in seal manufacturing processes. Major trends in the forecast period include advancements in sealing technologies, the development of self-healing seals, customization for luxury and premium vehicles, integration of advanced materials, and collaborations for innovation.
Major Automotive Coolant After Market Manufacturers covered in the market report include:
BASF SE (Germany), Exxon Mobil Corporation (U.S), TotalEnergies (France), Royal Dutch Shell PLC (U.K.), Valvoline LLC (U.S), Motul S.A. (France), Castrol Limited (U.K.), Sinopec Lubricant Company (China), and Petroliam Nasional Berhad (Petronas) (Malaysia).
The automotive coolant aftermarket is an important part of the automobile industry that has been gaining significant traction in recent years and is projected to grow in the coming years. The demand for more technologically advanced vehicles demands advanced cooling and, thus, demand for aftermarket high-quality, effective coolant products
What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?
The market is driven by factors such as the increasing demand for lightweight and high-performance automotive components to enhance fuel efficiency and reduce carbon emissions. Advancements in carbon fibre technology, coupled with growing consumer preference for premium and customized vehicles, are also significant drivers. However, challenges such as high manufacturing costs and limited adoption in mass-market vehicles may hinder market growth. Opportunities lie in collaborations between automotive manufacturers and carbon fibre suppliers to develop innovative and cost-effective solutions for various vehicle segments.
Scope of the Report:
► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities, and Challenges
► Value Chain Analysis
► Porter's Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles
Market Segmentation by Geography includes:
∆ North America: U.S., Canada, and Mexico
∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
∆ South America: Brazil, Argentina, and Rest of Latin America
∆ Middle East & Africa: GCC Countries, South Africa, and the Rest of Middle East & Africa
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2024 to 2030?
► What are the key market dynamics influencing growth in the Global Automotive Coolant After Market?
► Who are the prominent players in the Global Automotive Coolant After Market?
► What is the consumer perspective in the Global Automotive Coolant After Market?
► What are the key demand-side and supply-side trends in the Global Automotive Coolant After Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Automotive Coolant After Market?
Table Of Contents:
1 Market Overview
1.1 Automotive Coolant After Market Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook
1.4.1.2 Canada Market States and Outlook
1.4.1.3 Mexico Market States and Outlook
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook
1.4.2.2 France Market States and Outlook
1.4.2.3 UK Market States and Outlook
1.4.2.4 Russia Market States and Outlook
1.4.2.5 Italy Market States and Outlook
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook
1.4.3.2 Japan Market States and Outlook
1.4.3.3 Korea Market States and Outlook
1.4.3.4 India Market States and Outlook
1.4.3.5 Southeast Asia Market States and Outlook
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook
1.4.4.2 Egypt Market States and Outlook
1.4.4.3 Saudi Arabia Market States and Outlook
1.4.4.4 South Africa Market States and Outlook
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
Continued…
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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#Automotive Coolant After Market#Automotive Coolant After Market Size#Automotive Coolant After Market Share#Automotive Coolant After Market Trends
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Automotive Base Oil Market Likely To Boost Future Growth by 2028
Automotive Base Oil Market Likely To Boost Future Growth by 2028
Global Automotive Base Oil Market, Automotive Base Oil Market Demand, Automotive Base Oil Market Trends, Automotive Base Oil Market Analysis, Automotive Base Oil Market Growth, Automotive Base Oil Market Share, Automotive Base Oil Market Forecast, Automotive Base Oil Market Challenges, Automotive Base Oil Market Opportunity
The latest study released on the Global Automotive Base Oil Market by Intellect Markets, Research evaluates market size, trend, and forecast to 2030. The Automotive Base Oil Market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Download Free Sample Report in PDF @ https://intellectmarkets.com/report/automotive-base-oil-market/request-sample
Key Players in This Report Include: CHEVRON CORPORATION, EXXON MOBIL CORPORATION, ROYAL DUTCH SHELL PLC., ERGON INC., NESTE OYJ, NYNAS AB, S-OIL CORPORATION, SEPAHAN OIL, REPSOL S. A., SINOPEC LIMITED, BP PLC, EVONIK INDUSTRIES AG, H&R GROUP,SAUDI ARAMCO, SK LUBRICANTS CO. LTD..
Definition: Base Oil holds significant importance globally, finding widespread application across various sectors, particularly in the formulation of lubricating oils.
Market Drivers: The automotive sector is witnessing an increasing demand for premium oils
Market growth is propelled by lucrative opportunities in the BRIC nations
The titled segments and sub-section of the market are illuminated below: By Type (Group I, Group II, Group III, Group IV, Group V)
Global Automotive Base Oil Market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Have a query? Market an enquiry before purchase @ https://intellectmarkets.com/report/automotive-base-oil-market/enquire
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
• To carefully analyze and forecast the size of the Automotive Base Oil Market by value and volume.
• To estimate the market shares of major segments of the Automotive Base Oil Market
• To showcase the development of the Automotive Base Oil Market in different parts of the world.
• To analyze and study micro-markets in terms of their contributions to the Automotive Base Oil Market, their prospects, and individual growth trends.
• To offer precise and useful details about factors affecting the growth of the Automotive Base Oil Market
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Automotive Base Oil Market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Key questions answered:
• How feasible is Automotive Base Oil Market for long-term investment?
• What are influencing factors driving the demand for Automotive Base Oil Market near future?
• What is the impact analysis of various factors in the Global Automotive Base Oil Market growth?
• What are the recent trends in the regional market and how successful they are?
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Automotive Lubricants Market Analysis 2023-2033
Research Nester published a report titled “Automotive Lubricants Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global automotive lubricants in terms of market segmentation by oil, product, vehicle type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive lubricants market is anticipated to grow with a CAGR of ~2% during the forecast period, i.e. 2023-2033. The market is segmented by vehicle type into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. Out of these, the passenger cars segment is anticipated to garner the highest market share by 2033, owing to its increased sales and production worldwide. As per International Organization of Motor Vehicle Manufacturers (OICA), in 2021, 49 million new passenger cars were sold and 57 million passenger cars were produced across the globe.
The global automotive lubricants market is estimated to garner a noteworthy revenue by the end of 2033. Automotive lubricants are primarily used to decrease the friction between the surfaces and contact such as road and vehicle, which protects the automotive parts and hence, increase the vehicle performance. Therefore, the growth in this market is anticipated to be majorly driven by the growing automotive industry, increasing production of vehicles, and rise in disposable income.
Geographically, the global automotive lubricants market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimate to garner the largest market share by the end of 2033, on the back of increased sales and production of vehicles. International Organization of Motor Vehicles, stated that the total production of vehicles in the region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. Similarly, the total sales in the region was 42,663,736 units in 2021, a rise from 40,322,544 in 2020.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rise in Demand and Sales of Automobiles to Drive the Market Growth
Primary growth factor attributed to the automotive lubricants market is owing to the increasing demand for engine oils, brake fluids, and transmission fluids among both consumer and commercial automobiles. Further, the rise in production and sales of motorcycles are also expected to further strengthen this growth over the forecast period. Also, the recent shift in trend towards green derivatives is also expected to drive the market over the forecast period. Rising per capita income and increasing need for individualized transportation options has also expected to drive the sale of cars in several countries which in turn, is expected to bring lucrative growth opportunities in the automotive lubricants market.
However, the increasing preference of extended oil drain period along with the stringent government rules regarding carbon dioxide emission and low awareness among the population is expected to operate as key restraint to the growth of the global automotive lubricants market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global automotive lubricants market which includes company profiling of Eurol B.V., Shell International B.V., Chevron Corporation, CNPC, Exxon Mobil Corporation, Phillips 66 Company, Valvoline Inc., BP p.l.c., Klüber Lubrication München GmbH & Co. KG, FUCHS PETROLUB SE, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive lubricants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Oleochemicals Market Size, Share | Global Analysis, Growth & Forecast | ChemAnalyst
According to ChemAnalyst report, “Global Oleochemicals Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global oleochemicals market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 5.12% during the forecast period. Increasing demand of biodegradable, environmentally friendly and non-toxic materials from consumers is anticipated to increase the demand of oleochemicals due to their ecofriendly, less toxic compared to petrochemical based products properties. Additionally, UNICEF’s agenda to achieve sustainable developmental goals by 2030 has emphasis on use of environmentally friendly products which would further support the growth market of oleochemicals during the forecast period.
Oleochemicals are chemical compounds obtained from plant oil and animal fat sources. Additionally, they are surface active molecules containing long alkyl chain of lipophilic and charged polar head of hydrophilic group. As a result, they have great air-lipid and water-lipid actions Oleochemicals are basically classified as fatty acids, methyl esters, fatty alcohols, fatty amines, glycerol. Basic raw materials for oleochemical extraction are coconut oil, palm kernel oil (PKO), palm oil, rapeseed oil, sunflower oil, tallow etc. Main technologies used in oleochemical manufacturing are hydrolysis, transesterification, hydrogenation, fractionation.
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Oleochemicals have wide range of applications in personal care & cosmetics, soaps & detergents due to their emollient, emulsification, and surfactant properties. Furthermore, growing demand of biofuels in automotive industry is set to increase the demand of oleochemicals as they can be used as lubricants in biodiesel. Oleochemicals are also used in engine performance problems such as carbon deposits hence increases the efficiency of vehicles. Other major end use industry is pharmaceuticals where oleochemicals are increasingly used in drug preservative application. Upcoming new technologies implemented by companies operating in oleochemicals such as inventure supercritical technology implemented by Wilmar, will also improve the efficiency and performance of oleochemical manufacturing process which will be beneficial to its end user industries.
Oleochemical prices are linked to fats and oil feedstock prices. APAC countries such as Indonesia and Malaysia are major raw material supplier for oleochemicals. Any changes in the export tax situation in these countries can affect the price of oleochemicals. Global economic slowdown due to COVID 19 impacted the manufacturing industries during the first half of 2020. Industries were lacking the feedstock due to supply chain disruption and global plant outages initially in 2020. This caused the sudden increase in prices of fatty alcohol and fatty acids.
Regionally, Asia pacific has emerged to be the largest consumer of oleochemicals. Rising per capita income in countries like China, India has increased the consumer spending in consumer durable products which is increasing the demand of oleochemicals market in the region. Also increasing awareness about the harmful effects of petrochemicals-based products on human health and environment has encouraged manufacturers to shift focus on natural, non-toxic oleochemicals material.
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Major players for Oleochemicals globally include BASF SE, Clariant AG, Croda International, Dow Chemials, Emery Natural Oleochemical, Oleon, Kuala Lumpur Kepong Berhad, P&G Chemicals, Wilmar International, IOI Oleo GmbH, Vanatge Specialty Chemicals Inc. etc.
“Being linked to the downstream application such as Construction, FMCG, etc, the global Oleochemical industry has shown a robust growth alongside growing population and changing consumer preference. India is forecasted to become the world's fifth largest consumer market by 2025. In addition, growing per capita income globally poised a stronger outlook to the country’s oleochemicals demand. The nationwide lockdown affected the supply chain logistics and caused immediate shortage of raw materials hence increased the prices of fatty acids and fatty alcohols. China also serves as the key growth region with sufficiently installed capacities. With new competitors emerging across the Asian oleochemicals market, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
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Malaysia Automotive Lubricant Market 2021 Industry Outlook, Share, Size, Opportunities and Forecast to 2027
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Expenditure on automotive lubricant and vehicle servicing is a part of necessary household expenditure for a vehicle owner. Lubricants control friction and wear in the engine, protect the engine from rusting, cool the pistons, and protect the engine oil stored in the sump from combustion gases.
The 'Automotive Lubricant Industry In Malaysia' is at its Growth Stage, increasing with a CAGR (2014-2020) of ~12% by revenue in MYR and ~3% by sales volume in Litres. The growth in the industry is driven by presence of more than ~32 million vehicles on road and rising per capita income in the country.
Formation of ASEAN free trade policy in 2015, led to the emergence of MNCs in Malaysia. The stability of ASEAN’s economy, availability of skilled labour, coupled with its pro-business climate and improving infrastructure led to increase in FDI by automotive OEM. In 2020, more than ~500K vehicles including passenger cars, commercial vehicles and 2W were produced in Malaysia. Proton, Peroduo, Nissan and BMW are the major OEMs in the country. The industry is import driven due to lack of availability of raw materials in Malaysia and only a limited player has their blending plants in the country.
How Is the Market Segmented?
By Grade: Semi Synthetic is the most commonly used lubricant grade primarily due to its high performance and lower costing as compared to the synthetic lubricants. Mineral oils have the lowest drain intervals amongst all the grades of the lubricants.
By Type: In a year, a passenger car, motorcycle and trucks require 8-12L, 3-4L and 18-36L of engine oil. Other lubricants required include Gear and transmission oil, Hydraulic oil, grease and others. Passenger car engine oil accounted for maximum market share due to presence of higher number of passenger cars on road as of 2020.
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By End Users: In Malaysia Passenger Vehicles are the biggest end users followed by commercial vehicles. The average lubricant consumption of commercial vehicles is much higher than that of a passenger car and motorcycle because of difference in size and distance travelled.
By Sales Channel: Direct sales by companies constitute sales from fuel stations and sales to OEMs. Majority of sales are undertaken through indirect distributor network. Through distributor network the lubricants are majorly sold through service stations, garages and OEM workshops as vehicle owners primarily depend on their mechanics for selecting and changing lubricants. Online sales contribute a very small share but with increasing official presence of lubricant manufacturers on e-commerce platforms it is expected to gain traction in the future.
By Viscosity Grade: The viscosity grade of a motor oil provides information on the oil’s resistance to flow in your vehicle’s engine. A lubricant with a low viscosity grade will be more fluid, more liquid, and will flow more easily. Inversely, the higher the grade, the thicker the oil, making its flow slower, which allows the formation of a protective film on engine parts.
Competitive Landscape
The competition in the industry is concentrated with presence of 15-30 lubricant manufacturers. The industry is dominated by multinational oil producers such as Shell, Castrol & Chevron and the national government owned Petronas. Manufacturers are competing on the basis of product portfolio, prices, distribution network, brand value and presence in different motorsports. Manufacturers are continuously trying to evolve their product offering in order to cater to the evolving demand. Manufacturers are venturing into production of E-fluids (lubricants for EVs) to cater to increasing numbers of electric vehicles. Players such as Petronas and Shell have recently launched online sales on Lazada and Shopee Mall.
Malaysia Automotive Lubricants Future Outlook and Projections
The industry faced a downfall in 2020 due to economic slowdown created by coronavirus pandemic. In the next 2-3 years the sales volume for automotive lubricants in Malaysia are expected to grow back to pre-covid numbers.
The demand of synthetic lubricants along with other expensive high-performance E-lubricants is expected to drastically increase which will enable growth in the future. New product launches have assumed more importance than ever for growth of the passenger vehicles in Malaysia. New vehicle models offering smart connectivity features such as remote vehicle access through smartphone apps will get higher customer interest and will induce the growth for the automotive lubricants in the near future.
Key Segments Covered in the Report
Market Size of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
Market Size of Malaysia Automotive Lubricants in terms of Sales Revenue in MYR, 2020
Market Segmentation of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
By End User Industry
Passenger Vehicle
Commercial Vehicle
Motorcycles
Marine
By Grade
Synthetic
Semi-Synthetic
Mineral
By Type
Passenger Car Engine Oil
Heavy Duty Engine Oil
Motorcycle Oil
Gear oil and Transmission Oil
Hydraulic Oil
Grease and others
By Sales Channel
OEMs
Fuel Stations
OEM Workshops and Spare Part Shops
Service Stations and Garages
Online
Hypermarket/Supermarket
By Viscosity Grade
0W-20
5W-40
10W-40
15W-40
15W-50
Others
Key Target Audience
Lubricant Manufacturing Companies
Oil Producers
Lubricant Distributors
Government Associations
Time Period Captured in the Report:-
Historical Period: 2014–2019
Forecast Period: 2020-2025
Key Topics Covered in the Report:-
Automotive Lubricants Market Size on the Basis of Sales Volume and Revenue
Automotive Lubricants Market Segmentation – By type of Lubricant, By Grade of Lubricant, By Viscosity, By End Users
Target Addressable Audience – Passenger And Commercial Vehicles, Regional Analysis, Used Car Sales
Supply Ecosystem and Competition Parameters
Value chain analysis in the Automotive Lubricants Market in Malaysia
Demand Scenario
Trends and Developments in Automotive Industry in Malaysia
Growth Drivers for Automotive Industry in Malaysia
Marketing Strategies
Challenges Faced by Lubricant Producers
Porter Five Force Analysis
Emerging Business Strategies
Best Practises in Business
Pricing Analysis
Customer Buying Decision Parameters
Cross Comparison Between Major Players in The Industry
Impact of Covid-19 on the Automotive Lubricants Industry in Malaysia
Future Projections and Market Size for Malaysia Automotive Lubricants Industry
Time Period in the Report
Historical Period: 2014-2020
Forecast Period: 2021F-2025F
Companies Covered:
Shell
Petronas
Total
Chevron
Castrol
Hyrax
Mobil
Others
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Malaysia Automotive Lubricant Market Research Report
Related Reports by Ken Research: -
Malaysia Used Car Market Outlook To 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry's Growth
Landscape of Malaysia Medical Education Market-Growth in Medical Graduates, Pushing Candidates to Seek Specialization Contributing to Medical Workforce
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#Malaysia Automotive Lubricant Market#Malaysia Automotive Lubricant Market Analysis#Malaysia Automotive Lubricant Market Revenue#Malaysia Automotive Lubricant Market Share#Malaysia Automotive Lubricant Market Size#Malaysia Automotive Lubricant Market Growth#Malaysia Automotive Lubricant Market Trends#Malaysia Automotive Lubricant Market Forecast#Malaysia Automotive Lubricant Market Industry
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Automotive Coolant & Lubricant Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022-2028
The research reports provide deep insights into the global market revenue, market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Automotive Coolant & Lubricant market during the forecast period, i.e., 2022–2030. The report, most importantly, identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application type, technology type, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors, including but not limited to supply chain management, distribution Trade, channels, supply and demand, and production capability differ across countries.
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Automotive Coolant & Lubricant Market Company Profiles Analysis:
Sinopec Corporation (China)
Royal Dutch Shell Plc (Netherland)
Exxon Mobil Corporation (U.S.)
BP Plc (U.K.)
Total S.A. (France)
Chevron Corporation (U.S.)
PETRONAS (Malaysia)
Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Automotive Coolant & Lubricant Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2030, factoring the impact of Covid -19 Situation.
Market Segmentation:
Automotive Coolant & Lubricant Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Car, LCV, & HCV), Application (Coolant-Engine & HVAC, Lubricant-Engine, Brake, & Transmission) Global Industry Insights, Trends, and Forecast, 2021-2028.
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Regional Framework
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Automotive Coolant & Lubricant Market based on various segments. It also provides market size and forecast estimates from the year 2022 to 2028 with respect to five major regions. The Automotive Coolant & Lubricant Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Automotive Coolant & Lubricant Market Report:
North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
Major Features of Automotive Coolant & Lubricant Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Coolant & Lubricant market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global Automotive Coolant & Lubricant market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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India Ev Charging Equipment Market Growth Is Fostered By Surge In Government Initiatives: Ken Research
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Electric vehicle charging systems are utilized to link the plug-in electric vehicle and electric vehicle to an electricity outlet to charge the battery of the vehicle. In addition, several automobile giants and electric component companies are functioning toward the development of improved electric vehicle charging system to meet the augment in requirement for electric vehicles.
According to the report analysis, ‘India EV Charging Equipment Market Outlook to FY'2026 – Driven by Increasing Adoption of Electric Vehicles along with Implementation of FAME II Policy by Government’ states that India, the world's 6th greatest economy by nominal GDP and the 3rd greatest by PPP, is characterized as a middle-income underdeveloped market economy. 2- and 3- Wheelers that register for close to 50% share register the Indian urban mobility modal share. EVs are slowly obtaining traction with less than 2% of vehicles positioned as EVs in India. The charging infrastructure in India is presently quite under-developed with as several as 26 EVs per charger available in the country, associated to only 8 in China and 17 in the US. There are ~300 community charging stations across India, of which 22 were fast-charging points in 202. However, India EV Charging Equipment Market attained significant momentum after the implementation of the FAME India scheme. The Department of Heavy Industry (DHI) also scheduled to incentivize 1,000+ charging stations with 6,000+ chargers, which is the foremost growth driver for the market. Shortage of Space, Infrastructure, and Manpower for Setting-Up along with High Initial Cost of Charging Equipment and Installation are the foremost challenges in India EV Charging Equipment Market.
The market is extremely fragmented with the existence of foremost private and public entities setting up charging infrastructure in several potential locations around India. Different types of EV Chargers are obtainable in the Indian Market entailing of Type 1, Type 2, AC and DC, unidirectional and bidirectional charging catering to e4W, e3W as well as e2W. While EESL stands out in the race, due to its bagging of all the foremost contracts under FAME I scheme and being a public entity, other companies such as ABB, Fortum, Aeidth, EESL, Ather Energy, Volttic, Charge+Zone are also the foremost players in the market. To be price competitive and decrease the risk that comes from the mere sale of energy, CPOs may require to explore partnerships and adjacent offerings.
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India EV Charging Equipment Market is projected to create the substantial revenues owing to augment in market penetration of EVs and increment in government initiatives for advancement of EV charging infrastructure. With the accurate government policies, a local supply chain, lower battery prices and extensive charging infrastructure, the EV market could contribute $6.4 Bn during next 5 years. eRickshaws, eAutos, and e2Ws are the most auspicious segments for electrification in India and are predicted to account for more than 4 million units by 2025. Further, restricted number of EV charging stations, shortage of standardization of EV charging, increment in demand for luxury and feature allowed vehicles, and wireless charging for EVs to have strong impact on the market.
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Malaysia Automotive Lubricant Market Outlook to 2025- Driven by growing adoption of high-performance lubricants, increasing vehicles on road coupled with the availability of products on E-commerce platforms
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Polyolester Market Segmentation, Share & Regional Outlook
5.08% market growth is expected for the Polyolester Market in the forecast period 2021 to 2028. The Data Bridge market research report provides analysis and insight into various factors that will likely prevail during the forecast period, along with their impact on the growth of the market. The increasing demand for products for various industrial applications is driving the growth of the polyester market.
Polyester refers to synthetic compounds used in various industrial and commercial applications. These compounds are widely used in commercial applications in combination with various refrigerants to replace fluorocarbons. This compound is widely used in lubricating solutions.
On the other hand, the high maintenance cost of ester-based lubricants and the lack of standardization and regulation on the use of lubricants are likely to hinder market growth.
The presence of these various product substitutions and the declining demand from the automotive sector for lubricants are expected to boost the polyester market during the forecast period of 2021-2028.
Polyolester Market Scope and Market Size
The polyester market is segmented by product, application and end user. Growth in different segments will help you gain knowledge of the various growth factors that are expected to dominate the market and formulate different strategies to identify key application areas and differences in your target market.
Based on the product, the polyester market is segmented into NPG, TMP, PE, and DiPE.
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Polyolester Market Country Level Analysis
The Polyester market is analyzed and the market size, information on volume as mentioned above is provided by country, product, application and end users.
The countries covered by the Polyester market report are United States, Canada and Mexico in North America, Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India , South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific (APAC), Saudi Arabia, UAE, Israel, Egypt, South Africa, Rest of Middle East and Africa As part of Middle East and Africa (MEA) , Brazil, Argentina and other South America as part of South America.
Competitive Landscape and Polyolester Market Share Analysis
The competitive landscape of the polyester market provides a breakdown of competitors. Details included are company overview, company finances, revenue achieved, market potential, R&D investment, new market initiatives, global footprint, manufacturing facilities, manufacturing capacity, company strengths and weaknesses, product launches, product breadth and breadth, Application dominance. The data given above refers only to the focus of companies related to the polyester market.
The major players covered in the Polyolester market report are
· ZSCHIMMER & SCHWARZ
· Purinova Sp. z o.o.
· Ultrachem, Inc
· Calumet Specialty Products Partners
· Vantage Specialty Chemicals
· Huntsman International LLC
· LANXESS
· Exxon Mobil Corporation
· Perstorp
· Comstar International Inc
· Teknor Apex
· Croda International Plc
· DiversiTech Corporation
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Major TOC of The Polyolester Market Forecast
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How Coronavirus Pandemic Will Impact Pour Point Depressants Market Share Size, Trends, Scope & Challenges To 2028
Future Market Insights (FMI) has published a new research report on pour point depressants. The report has been titled “Pour point depressants market share: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028.” The growth in the automotive industry has provided the global pour point depressants market share a substantial push towards development. The growing oil trade and consumption across cold regions has triggered the demand for pour point depressants.
The exploding population will translate to a rise in the demand in the automobile and industrial sectors. This tremendous rise in demand will escalate the consumption of pour point depressants based products across the globe.
In order to meet the increasing requirements of consumers, companies operating in the global market are pulling up their socks and are entering into mergers and acquisitions in order to expand their consumer base and also facilitate product expansion.
In 2017, BASF PETRONAS Chemicals started a new plant for the engineering of HR-PIB, an important intermediate used in the manufacturing of high performance fuel and lubricant additives. The annual capacity of the company’s plant in Gebeng, Kuantan, Malaysia is 50,000 MT.
The other companies operating in the global pour point depressants market share are Akzo Nobel N.V., Evonik Industries AG, Clariant, Chevron Corporation, NewMarket Corp., Shengyang Greatwall Lubricant Oil Co., Ltd., and Puyang Jiahua Chemical Co., Ltd., among others. According to the report, the global pour point depressants market is expected to exhibit a CAGR of 3.2% from 2022 to 2028. The market was worth US$ 1.97 Bn in 2022 and is projected to reach a valuation of US$ 2.46 Bn by the end of 2028.
Automotive Industry to be the Biggest Support System of the Global Market
The burgeoning urbanisation, industrialisation, and economic growth across the globe is advancing the demand for automobiles in the worldwide market. This in turn is accelerating the demand for pour point depressants to be used in lubricants additives, which can hence withstand the low temperatures in American and European countries. The growing disposable income of people is compelling investors to invest more in the automotive industry.
The ever increasing demand for vehicles has encouraged automobile manufacturers to improve production output to accommodate growth, thereby positively impelling lubricant additives sales in the global automotive market. Consumers, at present, prefer premium quality lubricants, which will enhance the performance of the engine and prevent any kind of engine related issues. This is expected to further boost the demand for pour point depressants in the lubricant industry.
Rules Governing Automotive Emissions to Act as a Roadblock to Revenue Growth
Examining the effect of carbon emissions from automobiles, several governments and regulatory bodies are enforcing strict regulations on automobile manufacturers. Petrol- and diesel-based automobiles are the core reasons behind air pollution as they emit a significant amount of nitrogen oxide, carbon monoxide, and other pollutants into the air. Adding to this, transportation is responsible for over half of nitrogen oxides and carbon monoxides and nearly a quarter of the hydrocarbons released into the atmosphere. As a result of such regulations, automobile manufacturers are looking to manufacture CNG vehicles, causing a challenge for the market for pour point depressants.
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Highly Reactive Polyisobutylene (HR-PIB) Market : Key Players and Production Information analysis with Forecast 2030
Highly Reactive Polyisobutylene (HR-PIB) Market: Introduction
In terms of value, the global highly reactive polyisobutylene (HR-PIB) market is anticipated to expand at a CAGR of 5% from 2020 to 2030 and reach value of ~US$ 550 Mn by 2030. In terms of demand, Asia Pacific led the global HR-PIB market in 2019 and the same trend is anticipated to continue between 2020 and 2030. In recent years, key players have been progressively opting for environmentally sustainable additives. This factor is expected to augment the demand for HR-PIB during the forecast period, for its effectiveness and greener profile as compared to the conventional polyisobutylene (PIB).
Highly Reactive Polyisobutylene (HR-PIB) Market: Key Drivers and Restraints
HR-PIB forms the basis for production of high-performance lubricant additives, which allows for more fuel-efficient engine designs. HR-PIB serves as an important intermediate in the manufacture of high-performance fuel and lubricant additives for engine oils, transmission oils, hydraulic fluids, greases, emulsifiers, adhesives, etc. HR-PIB-based lubricants and fuel additives have the ability to improve the overall performance of vehicles by reducing emissions.
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Thus, the global HR-PIB market is expected to be driven by the rising demand for high-performance fuel additives in automotive and aviation industries between 2020 and 2030. HR-PIB offers barrier properties, high damping and heat aging, and resistance to ozone, which makes it ideal for control of vibrations in automobiles. HR-PIB is projected to emerge as an effective substitute for the conventional PIB during the forecast period.
Both conventional PIB and HR-PIB have similar applications, including adhesives and sealants, lubricants and greases, metalworking, cosmetics, and mining. However, HR-PIB has been increasingly sought after in modern manufacturing practices, owing to its higher effectiveness as compared to conventional PIB. The demand for HR-PIB is rising at a rate higher than polyisobutylene (PIB), due to performance advantages associated with HR-PIB.
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Highly Reactive Polyisobutylene (HR-PIB) Market: Key End-use Industries
HR-PIB is used across a broad array of applications. However, fuel & lubricant additives, hydraulic fluids, and greases & emulsifiers were the key application segments in 2019. The adhesives & sealants segment is estimated to hold a significant share of the global HR-PIB market, in terms of demand, by 2030. Hot melt adhesives are widely employed in packaging applications such as corrugated boards, case sealing, carton sealing, container labeling, and tray forming. Based on end use, the global HR-PIB market has been segmented into automotive, industrial, packaging, and others. The industrial segment dominated the global HR-PIB market in 2019. HR-PIB is likely to witness high demand from key industries such as construction, aviation, marine, healthcare, and cosmetics & personal care during the forecast period.
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Asia Pacific to be Highly Lucrative Region of Highly Reactive Polyisobutylene (HR-PIB) Market
In terms of value, Asia Pacific held more than 30% share of the global HR-PIB market in 2019. With the growth of automotive, healthcare, and personal care industries and the increase in infrastructure development activities in China, Japan, India, Malaysia, Vietnam, and Indonesia, Asia Pacific is likely to constitute a major share of the global HR-PIB market between 2020 and 2030.
Competition Landscape
Major manufacturers of HR-PIB include: BASF SE, PETRONAS, TPC Group, Daelim, and KEMAT Polybutenes. HR-PIB manufacturers have made notable investments in the recent years.
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Heptanoic Acid Market Analysis 2023-2033
Research Nester published a report titled “Heptanoic Acid Foils Market: Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global heptanoic acid market in terms of market segmentation by grade, application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global heptanoic acid market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e., 2023-2033. The market is segmented by end users into automotive, aerospace, food & beverage, cosmetics & personal care, pharmaceuticals, chemicals, and others. Out of these, the automotive segment is expected to garner the largest share in the market by 2031. The primary growth factor of the segment is the rising demand and production of vehicles by the burgeoning population across the world.
The global heptanoic acid market is estimated to garner a notable revenue by the end of 2031. Heptanoic acid is an effective chemical in the synthesis of natural and bio-based skin conditioning and viscosity controlling agents. Moreover, benefits of heptanoic acid such as higher thermal stability and bio-based nature is expected to trigger its demand as an effective raw material in the production of cosmetic and personal care products. Moreover, rising demand for organic and natural personal care and cosmetic products is expected to positively influence the production of heptanoic acid thus, contributing to the market growth over the forecast period.
Geographically, the heptanoic acid market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimate to garner the largest market share by the end of 2033, on the back of expansion of chemical industry, urbanization & industrialization, expansion in research and development expenditure, high disposable income and considerable growth in GDP.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rapid Growth of Automotive Industry to Drive the Market Growth
The heptanoic acid market is anticipated to be driven by the high utilization in the automobile industry. It has been observed that the rise in demand for heptanoic acid as a lubricant in the automotive industry is expected to drive the global heptanoic acid market in the forecast period. Moreover, heptanoic acid is used as a synthetic flavoring ingredient in the production of special lubricants for brake fluids. Further, the adoption rate of heptanoic acid as a lubricant in car motor oils, metalworking fluids, and plasticizers is forecasted to drive the global heptanoic acid market.
This report also provides the existing competitive scenario of some of the key players of the global heptanoic acid market which includes company profiling of Wujiang New Sunlion Chemical Co., Ltd., Handanshi Kenzcheng Chemical Co., Ltd, Intellichemie Industries, Jinan Chenghui Shuangda Chemical Co., Ltd, Kalpasutra Chemical Pvt. Ltd., Merck KGaA, National Analytical Corporation, Neuchatel Chemie Specialties, OQ Chemical GmbH, Parchem Fine & Specialty Chemicals, Spectrum Chemical, Synerzine, Inc., Tokyo Chemical Industries Co., Ltd, VWR International, LLC. And others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global heptanoic acid market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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2-Ethylhexanoic Acid Market Forecast to 2032 | Global Industry Report
According to ChemAnalyst report, “Global 2-Ethylhexanoic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032”, The 2-Ethylhexanoic Acid market is likely to expand and grow to reach 380 thousand tonnes by 2032 at a healthy CAGR of 3.08% in the forecast period. In the upcoming years, it is predicted that with rising infrastructure development and an increase in the number of automobiles, the demand for paints & coating will rise which will most likely fuel the market for 2-Ethylhexanoic Acid market in the forecast period.
2-Ethylhexanoic acid is a thick and colourless oil. It is obtained in racemic mixed form. Propylene is used as a precursor during industrial production to synthesize 2-ethylhexanoic acid. The liquid has a light odour and belongs to the carboxylic acid family. It is primarily employed as a chemical intermediate in the production of stabilisers, plasticizers, paint driers, synthetic oils, polyvinyl chloride (PVC), and catalysts. The primary application of this acid is in the form of metallic salts (cobalt and manganese) as a drier for unscented paints, inks, varnish, and enamel paints. Other uses include manufacturing adhesives & sealants, corrosion inhibitors, intermediates, anti-scaling agents, lubrication additives, and process regulators.
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The 2-Ethylhexanoic acid market is primarily driven by its application in the paints and coating industry. Many different industries, including the automotive, furniture, marine, aerospace, and general-use sector, use these coatings. With the rising vehicle production and sales, the automotive industry is flourishing internationally, and this is expected to fuel the 2-Ethylhexanoic acid market expansion over the next years. The construction sector is expected to further drive the rising demand for paints & coatings, supporting the market’s growth in the forthcoming years.
The 2-Ethylhexanoic Acid market is segmented based on end-use, sales channel, and region. Based on the end-use, the global 2-Ethylhexanoic Acid market is segregated into Paints and Coatings, Personal Care and Cosmetics, Lubricants, Plasticizers, and Others. Paints and Coatings have been the leading segment among these industries. In 2022, the Paints and Coatings industry consumed approximately 35% of the market. Furthermore, Personal Care and Cosmetics are other prominent consumer of the 2-Ethylhexanoic Acid market.
Based on region-wise consumption, Asia Pacific dominates the 2-Ethylhexanoic Acid market with a consumption of approximately 42% of the global 2-Ethylhexanoic Acid market in 2022. 2-Ethylhexanoic Acid as a PVB plasticizer, 2-ethylhexanoic acid offers great transparency, long durability, high tensile strength, and elasticity Due to the growing usage of PVB films and sheets in the infrastructure and building & construction end-use in developing countries like India, China, and Japan, the 2-Ethylhexanoic Acid will most likely expand in the forecast period till 2032. Moreover, Asia Pacific also dominates as the producer of the global 2-Ethylhexanoic Acid market due to factors like low-cost of labour and raw material in countries like Malaysia being the key player.
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“Global 2-Ethylhexanoic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032”, the significant players in the 2-Ethylhexanoic Acid market include are BASF PETRONAS Chemicals Sdn. Bhd., The Perstorp Group, BASF, The Eastman Chemical Company, Elekeiroz, JXDC Chemical CO.,LTD., KH Neo Chem, Co. Ltd., and others.
“Consistently growing demand for paints & coatings for application in various industries augments the 2-Ethylhexanoic Acid market growth in the forecast period. The primary application of this acid is in the form of metallic salts as driers in paints which are further employed by various industries such as automotive, construction, metal, and general use. Currently, Asia Pacific is the leading consumer of this acid and is anticipated to maintain its position owing to fast-paced construction activities and an increase in the sale of vehicles in the forecast period till 2032. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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Malaysia Automotive Lubricant Market – Sales, Industry Trends and Forecast to 2027
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Increasing Consumption of Semi-Synthetic and Synthetic Lubricants: Synthetic and semi-synthetic lubricants are majorly used in the automotive sector for the efficient functioning / smooth working of automobiles. Semi Synthetic and Synthetic Lubricants are known for better characteristics such as high Viscosity Index (VI), high level of thermal stability, low freezing point, high boiling point and others, therefore these lubricants collectively help in reducing friction in the vehicle. These lubricants are also recommended by the local garage mechanics due to better performance and increased drain intervals when compared with traditional mineral lubricants.
Market Consolidation: The industry is concentrated by multi-national lubricant manufacturers as Shell, Castrol, Total and state-owned Petronas. The companies have been primarily marketing passenger vehicle lubricant brands such as Helix, Syntium, Magnatec and Edge which are also some of the few bestselling brands in the category. Even with the presence of local blending plants of market leading manufacturers in Malaysia, the industry is highly dependent on imports from countries such as Singapore, Thailand, China, Europe, and USA due to lack of raw material, technology and required infrastructure in Malaysia.
Automotive Lubricants are expected to witness the largest growth in passenger vehicles due to the increasing per capita disposable income and shift in consumer preference towards latest models with low emissions and high fuel economy. The market growth will also be supported by increasing urbanization and upsurge in personal travel needs. High performing automotive lubricants provide various advantages such as longer equipment life cycle, higher reliability, cost reduction and more.
The report titled “Malaysia Automotive Lubricants Market outlook to FY2026” by Ken Research suggested that the Automotive Lubricants Market revenue is expected to grow at a double digit positive CAGR and the Automotive Lubricants Market sales volume is expected to grow at a single digit positive CAGR. The industry in Malaysia is at its growth stage and the demand will continue to grow owing to increasing number of private as well as commercial vehicle, increasing awareness about automobile servicing and shift in preference towards high performance expensive lubricants.
Key Segments Covered in the Report: -
Market Size of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
Market Size of Malaysia Automotive Lubricants in terms of Sales Revenue in MYR, 2020
Market Segmentation of Malaysia Automotive Lubricants in terms of Sales Volume in Mn L, 2020
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By End User Industry
Passenger Vehicle
Commercial Vehicle
Motorcycles
Marine
By Grade
Synthetic
Semi-Synthetic
Mineral
By Type
Passenger Car Engine Oil
Heavy Duty Engine Oil
Motorcycle Oil
Gear oil and Transmission Oil
Hydraulic Oil
Grease and others
By Sales Channel
OEMs
Fuel Stations
OEM Workshops and Spare Part Shops
Service Stations and Garages
Online
Hypermarket/Supermarket
By Viscosity Grade
0W-20
5W-40
10W-40
15W-40
15W-50
Others
Key Target Audience
Lubricant Manufacturing Companies
Oil Producers
Lubricant Distributors
Government Associations
Time Period Captured in the Report: -
Historical Period: 2014–2020
Forecast Period: 2021-2025
Key Topics Covered in the Report: -
Automotive Lubricants Market Size on the Basis of Sales Volume and Revenue
Automotive Lubricants Market Segmentation – By type of Lubricant, By Grade of Lubricant, By Viscosity, By End Users
Target Addressable Audience – Passenger and Commercial Vehicles, Regional Analysis, Used Car Sales
Supply Ecosystem and Competition Parameters
Value chain analysis in the Automotive Lubricants Market in Malaysia
Demand Scenario
Trends and Developments in Automotive Industry in Malaysia
Growth Drivers for Automotive Industry in Malaysia
Marketing Strategies
Challenges Faced by Lubricant Producers
Porter Five Force Analysis
Emerging Business Strategies
Best Practises in Business
Pricing Analysis
Customer Buying Decision Parameters
Cross Comparison between Major Players in the Industry
Impact of Covid-19 on the Automotive Lubricants Industry in Malaysia
Future Projections and Market Size for Malaysia Automotive Lubricants Industry
Time Period in the Report
Historical Period: 2014-2020
Forecast Period: 2021F-2025F
Companies Covered:
Shell
Petronas
Total
Chevron
Castrol
Hyrax
Mobil
Others
For More Information on the research report, refer to below link: -
Malaysia Automotive Lubricant Market Research Report
Related Reports by Ken Research: -
Malaysia Used Car Market Outlook To 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry's Growth
Indonesia Automotive Aftermarket Service Market Outlook to 2026: Influx of new players and car variants from abroad are contributing to the growth of automotive aftermarket service industry in Indonesia
Contact Us: - Ken Research Ankur Gupta, Head Marketing & Communications [email protected] +91-9015378249
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