Thursday, 2 January 2020

Essential Oil Market Future Opportunities, Production/Demand Analysis & Outlook To 2026


New York, NY 2 Jan 2020:  According to a new report published by Polaris Market Research the essential oil market is anticipated to reach USD 16,172.2 million by 2026. In 2017, the orange essential oil segment dominated the global market, in terms of revenue. Europe is expected to be the leading contributor to the global market revenue during the forecast period.

A significant increase in disposable income, changing lifestyles, and initiatives by market players to promote healthy lifestyles drive the growth of this market.  Other driving factors include increasing incidences of stress and anxiety, growing inclination towards use of natural and organic products, and increasing awareness regarding physical and mental health. The use of essential oils in various applications such as food and beverages, healthcare, pharmaceutical, cosmetics, and aromatherapy further propel the market growth. Increasing demand in developing nations is expected provide numerous growth opportunities to the market players during the forecast period.


There has been a shift towards e-commerce and consumers are increasingly purchasing essential oils through online platforms. The variety of choices available coupled with ease of purchase offered by online platforms encourages consumers to buy essential oils online, supplementing the growth of the market.

Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for essential oils market. Factors such as increase in per capita income and changes in consumer behavior towards physical and mental health are expected to accelerate the adoption of essential oils in the coming years.

Europe generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high geriatric population in the region coupled with high disposable income drives the market growth. The high demand of essential oils in food & beverages and cosmetic products support the market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing disposable incomes in developing countries of this region, rising awareness about benefits of essential oils, and rising demand of essential oils from healthcare sector in this region.


The different types of essential oils in the market include lemon, lime, orange, corn mint, eucalyptus, peppermint, citronella, clove leaf, and others. In 2017, the orange essential oil segment accounted for the highest market share. The increasing demand for orange essential oil is owing to properties such as anti-inflammatory, antidepressant, and antispasmodic. Use of orange essential oil has a calming effect on mind and body, and is used in various cosmetics products. It is also used in various foods and beverages to enhance flavor.

The well-known companies profiled in the report include Dōterra International LLC., Rocky Mountain Oils, LLC, Naturals Together, Robertet SA, Now Health Group, Inc., Biolandes SAS, Falcon Essential Oils, Ungerer Limited, The Lebermuth Company, Flavex Naturextrakte GmbH, Farotti Srl, and E. I. Du Pont De Nemours and Company among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Oleochemicals Market Review, Revenue & Market Demand Analysis 2026

New York, NY 2 Jan 2020: The global oleochemicals market is expected to reach more than USD 38.61 billion by 2026 with a CAGR of 5.9% during the forecast period as per a new study released by Polaris Market Research. The report “Oleochemicals Market [By Product Type (Fatty Alcohol, Glycerin, Fatty Acid and Others); By Application (Food & Beverage, Personal Care, Detergents & Soaps, Polymers and Others); By Regions]: Market size & Forecast, 2017 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends
The growth in the demand for natural derived products of food and beverage, pharmaceutical industries, chemicals are the main drivers to drive oleochemicals market.
Oleochemicals can be defined as various types of chemical products which are derivatives from vegetable triglycerides or animals, they include elements that are of petrochemical product origin. The basic oleochemicals are fatty acids, fatty alcohols, glycerin and methyl esters. Many companies are investing in research and development to innovate new formulations.
Many countries are taking active part in developing new formulations that can help to cater to specific requirement from the end user industries. The companies are shifting their focus on the usage of bio-diesel. Due to the stringent rules and regulations in chemical industry, there has been rise in oil prices, this will further decrease the demand for the chemicals. There is also significant shift in the usage towards shale gas. Even though there are many challenges in the market, there is always an advantage of oleochemicals over petrochemicals. Therefore, there will be increase in demand for oleochemicals in the near future.
The consumer has shifted their focus on having healthy and nutritional food which are derived from natural origin. These is one of the main factors to increase the demand for oleochemicals market. The industry is volatile in making profit through depleting fossil fuels and this will be led for more opportunities in the usage of bio diesel. Hence, with all these advantages demand for these products are estimated to increase in the next few years.
Asia-Pacific is one of the largest markets for oleochemicals. Increase in the production for palm kernel and palm oil is the driving factor to increase the demand for oleochemical in Asia-Pacific region. There is a rapid increase in the production of palm along with developing integration of raw materials. This has become the main reason for the reorganization in global oleochemical market. The key players in the industry are planning for many production facilities in Europe and U.S. 
The key market players in the oleochemicals market are, Ecogreen Oleochemicals, SABIC, Evyap, China Sanjiang Fine Chemicals, Godrej Industries, Archer Daniels Midland, Emery Oleochemicals, Vantage Specialty Chemicals, Evonik Industries, BASF, Wilmar International, Kao Chemicals, Alnor Oil Co, Isosciences LLC, Vegetable Vitamin Foods Company, Kuala Lumpur KepongBerhad, Eastman Chemical Company, AkzoNobel, PTT Global Chemical Public Company Limited.
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Liquid Nitrogen Market 2020-2026 : Growth Drivers, Restraints, Revenue & Market Demand Analysis 2026

New York, NY 2 Jan 2020: The global liquid nitrogen market is anticipated to reach USD 22.72 billion by 2026 according to a new study published by Polaris Market Research.
Liquid nitrogen is used in several industries owing to its inertness and extremely low temperature levels. It is a vital component during completion of gas wells o fracture natural gas bearing rock formations such as tight gas reserves. Maintenance of pressure in oil & gas reservoirs is yet another of its applications in the energy sector. Removal of flash on cast plastics and rubber is done using liquid nitrogen. Rapid freezing of food & beverage items resulting in minimum cell damage. Used as a shield liquid or gas in packaging of some particular medicines to keep it safe from adsorption of moisture or oxidation.
Liquid nitrogen’s other assorted applications include its use as coolant for environment testing of several items. It is also used for combating fire in coal mines thus enhancing ire safety eliminating the risk of losing huge quantity of natural resources and stopping the release of toxic gases and fumes that might damage the environment. It is applicable for extensive cooling in several industrial processes and for the food industry where cold storage of crucial importance. Liquid nitrogen also helps in cooling several types of mechanical equipment which are required to be kept extremely cold environment and also for snap-freezing food products such as hamburger patties, chicken and fruits preserved for out of season.
Liquid removed from the compression of nitrogen remains in temperature nearby -320°F. Owing to this, the product has numerous applications in a wide range of industries including pharmaceuticals, chemicals, ceramic and glass, petroleum processing, steelmaking along with other metal refining, paper & pulp manufacturing, and healthcare. Owing to its inertness and coldness application segments of the product has been increasing in several end-use industries. As liquid nitrogen is warmed and vaporized to ambient temperatures, it absorbs heat quantities that allow the temperature level to come down quickly and instantly. The combination of the product’s coldness and inertness makes it the potential coolant for food freezing. Soft and heat sensitive materials are also treated using liquid nitrogen at room temperature which allows them to be fractured and machined. Some of these examples include plastics, tires, pharmaceuticals and even metals.
Asia Pacific region is projected to augment for substantial demand by 2025. The region is anticipated to experience significant growth over the forecast period, owing to the heavy investments made by the governments of emerging nations to strengthen their base of skilled workforce. This is one of the reasons that manufacturing and processing companies for the west have started setting their base in the region for skilled but low wage labors. The recent government initiatives taken by Indian, Thailand, and Chinese government to promote the manufacturing sector are acting in favor of the market.
Some of leading industry participants operating currently includes Nexair LLC, Taiyo Nippon Sanso Corporation, Emirates Industrial Gases Co. LLC, Messer Group, Southern Industrial Gas Berhad, Gulf Cryo, Air Products and Chemicals, Inc., Air Liquide S.A., Praxair Inc., and the linde group.
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Vertical Farming Market : To Witness Astonishing Growth By Key Players oninklijke Philips N.V., Illumitex

New York, NY 2 Jan 2020 : According to a new study published by Polaris Market Research the worldwide Vertical Farming market is anticipated to reach over USD 11,905 million by 2026. In 2017, the shipping container dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
The growing population worldwide has resulted in significant increase in food demand. Vertical farming is increasingly being used to meet the high-demand for food crops. The factors driving the growth of vertical farming market include ability to produce high quality crops throughout the year, lesser use of water for crop cultivation, and lower dependency on weather conditions.  Organic and chemical free crops can be grown with the help of vertical farming in artificially controlled environments, which further increases its adoption. Other factors driving the market include growing urban population, and reduced environmental pollution. However, high initial investment and crop production of limited varieties restrict the growth of vertical farming market.  
Asia-Pacific generated the highest revenue of $835 million in 2017, and is expected to lead the global market throughout the forecast period. This is owing to significant growth of population in the region. Lack of fertile land, Strong technical expertise in agricultural practices, and established R&D institutes in China and Japan further supplement the market growth.
The growing mechanisms used for vertical farming include hydroponics, aquaponics, and aeroponics. In 2017, hydroponics accounted for the largest share in the global market, and was estimated at USD 1,086 million in 2017, registering a CAGR of 23.3% during the forecast period. Hydroponics is a process of growing plants where the traditional soil medium is replaced by nutrient and mineral rich water solution. Hydroponics offer benefits such as availability of crops throughout the year, faster plant growth, and eliminate the growth of pesticides.
On the basis of offerings, the market is segmented into lighting solutions, sensors, climate control, and hydroponic components. In 2017, the lighting solutions accounted for the major share in the global market. Lighting solutions are used to provide uniform lighting conditions suitable for plant growth. The leading market players offering lighting solutions for vertical farming include Koninklijke Philips N.V., Illumitex, Inc., and Everlight Electronics Co. Ltd.
 The well-known companies profiled in the report include BrightFarms, Agrilution, Everlight Electronics Co., Ltd., American Hydroponics, Freight Farms, Illumitex, Inc., and Vertical Farm Systems among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Electric Vehicle Charging Infrastructure/ Stations Market Business Strategies, Product Sales and Growth Rate 2026

New York, NY 2 Jan 2020 : The Global electric vehicle charging infrastructure market is anticipated to reach USD 56.9 billion by 2026, according to a new study published by Polaris Market Research. The report ‘Electric Vehicle Charging Infrastructure/ Stations Market [By Connector Protocol (CHAdeMO, Combined Charging System); By Charger Type (Slow Charger, Fast Charger); By Charging Method (AC Charging, DC Charging); By Application (Commercial, Home); By Regions]: Market Size & Forecast, 2018 – 2026’ provides insights on the current market scenario and the future prospects.
Owing to the increasing adoption of the electric vehicles globally due to their reduced costs, increasing fuel prices, and increasing government initiatives such as subsidies and tax benefits along with strict environmental norms, the electric vehicle charging infrastructure market is projected to gain traction over the forecast period. In 2017, Asia Pacific region dominated the market by accounting the majority share in this market. ..
There has been a significant increase in the adoption of electric vehicles (EVs) especially in the cars segment. Major companies are working towards developing and launching new EV models with advance research and development due to the growing demand. This scenario has credited the growth of the EV charging infrastructure market. Earlier the charging for these cars was done only at the residences, however, owing to the increasing number of EVs in the market, major companies along with the government organizations are coming up with the charging infrastructure for the public utility. These infrastructures are being commonly developed within the city limits, thus benefiting the customers to charge their cars at high speed with reduced time and cost.
The penetration of EVs is high in regions such as Asia Pacific, North America and Europe, thus making them prime revenue generators collectively of the EV charging infrastructure market. Asia-Pacific is a lucrative market with high development potential attributable to the fast expanding quantities of electric vehicles in countries such as India, Japan and China. In the Asia-Pacific region, Japan has the fastest adoption of EV charging stations. India on the other hand is following the suite and have recently installed their first charging station which was jointly developed by the government and an online cab service provider.   
Development of advanced DC chargers which can charge the EVs in less than 30 minutes are further helping the market to grow. Connectors such as CHAdeMO and Combined Charging System (CSS) along with superchargers developed by Tesla Motors, Inc are further fueling the growth of this market. In addition, the advancements in the charger type for creating fast charging arrangements are projected to drive the market development.
Major companies profiled in the report include ChargePoint, Inc., Schneider Electric SE., Tesla Motors, Inc., Delphi Automotive LLP, SemaConnect, Inc., SemaConnect, Inc., Leviton Manufacturing Co, Inc., General Electric, ABB Limited and AeroVironment, Inc. among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers.
Key Findings from the study suggest Asia Pacific region is expected to command the market over the forecast years. Major automobile manufacturers are seen to be vigorously investing in advancing EV charging framework. For example, Bavarian Motor Works (BMW), Volkswagen, Ford Motors, and Daimler declared a venture for the advancement of over 350 charging stations throughout the European region. North America is presumed to be the fastest growing market, developing at a rate of more than 45% over the forecast period. The electric vehicle charging infrastructure market is presumed to develop at a CAGR of over 40.8% from 2018 to 2026. The fast chargers segment is presumed to display the speediest development.
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Lightweight Materials Market Global Industry – Production, Sales, Supply, Demand and Forecast to 2026

New York, NY 2 Jan 2020 : The global lightweight materials market size is anticipated to reach USD 237.1 billion by 2026, according to a new research published by Polaris Market Research. The report “Lightweight Materials Market Size, Share & Trends Analysis Report by Product (Metal Alloys, Composites, Polymers); By Application (Aerospace, Automotive, Construction, Energy, Aviation); By Region: Market Size and Segment Forecast, 2019 – 2026” provides contemporary market insights and taps future growth trends.
 In 2018, the automotive segment dominated the global lightweight materials industry in terms of revenue. In 2018, Asia-Pacific accounted for the majority share in the global Lightweight Materials market. The expanding global automotive industry, along with increasing modernization of vehicles majorly drives the market growth. Increasing use in windmills owing to their improved performance, increased reliability, and higher durability boosts the demand for lightweight materials.
 The adoption of lightweight materials has increased significantly owing to increasing demand from aviation industry, and greater use of lightweight materials in manufacturing of aircraft modules. Other factors driving the growth of this market include growing penetration of electric vehicles, technological advancements, and significant investments in R&D. New emerging markets, and stringent government regulations regarding vehicle efficiency and safety would provide growth opportunities for the market in the coming years.
Magnesium is a major lightweight material used in this market. Magnesium offers the lowest density of all structural metals with the ability to reduce component weight up to 70 percent. Magnesium is used as castings for powertrains or sub-assembly closures. Carbon fiber composites have the potential to reduce vehicle weight by up to 70 percent. They offer high stiffness, strength, and weight savings.
In 2018, Asia-Pacific accounted for the highest share in the global market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations for vehicular and road safety accelerates the adoption of lightweight materials in the region. The economic growth in countries such as China and India, lead to rising living standards and increasing disposable income, supporting the growth of the automotive industry. The increasing demand from construction and aerospace sectors further accelerate the growth of the lightweight materials industry. Expansion of global players into these countries to tap market potential boosts the market growth.
 The well-known companies profiled in the l report include Evonik Industries, Toray Industries Inc., Aleris International, PPG Industries, Inc., Thyssenkrupp AG, ArcelorMittal SA, Hexcel Corporation, Titanium Metals Corporation, Formosa Plastics Group, and Bayer AG among others. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products in the lightweight materials industry to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

About Polaris Market Research
We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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Tuesday, 31 December 2019

Strapping Machine Market Competitor Landscape, Opportunity Analysis, Growth, Trends & Forecast 2019-2026


New York, NY Dec 31 2019 :  According to a new study published by Polaris Market Research the worldwide Strapping Machine Market is anticipated to reach around USD 6,991.4 million by 2026. In 2017, the semi-automatic strapping machine segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global strapping machine market.

The rapid growth in the global packaging industry majorly drives the growth of this market. Growing concerns regarding product safety to avoid damage and loss during packaging and shipping supports the market growth. The increasing demand from consumer goods, food and beverage, and publishing further accelerates the adoption of strapping machines.  There has been an increasing demand of strapping machines by small and medium businesses to increase packaging efficiency while reducing costs. However, high initial investment costs of strapping machines limit the growth of the market. New emerging markets, technological advancements, and increasing adoption by small and medium businesses would provide growth opportunities for strapping machine market in the coming years.

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Asia-Pacific accounted for the highest share in the global strapping machine market during the forecast period. A significant growth in the consumer goods, and food and beverage industries has been registered over the past few years in the region, thereby supporting the growth of strapping machines in the market. Increasing need for effective packaging to avoid losses due to damages, and rising disposable incomes in developing countries of this region augment the market growth in the region. Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

The various types of strapping machines include semiautomatic strapping machines, automatic strapping machines, and fully automatic strapping machines. The semi-automatic strapping machine segment is expected to lead the market during the forecast period owing to increasing demand from small and medium sized business. Semi-automatic strapping machines are designed for small and medium sized items and require users to manually feed strapping into the machine. Use of semi-automatic strapping machines in various industries such as food and beverage, consumer goods, publishing, and electronics among others has increased its demand over the past years.

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The different materials used in strapping machines include polypropylene, polyester, steel, and others. The polypropylene segment dominated the market in 2017 owing to its affordable use in packaging of small and medium sized products. Its increasing use in various industries such as food and beverage, consumer goods, publishing, and electronics among others is expected to drive the market growth during the forecast period.

The well-known companies profiled in the report include Mosca GmbH, Samuel Strapping Systems, MJ Maillis S.A., Transpak Equipment Corp., Signode Packaging Systems Corporation, Strapex Group, Polychem Corporation, Dynaric Inc., Messersi Packaging S.r.l., Fromm Holdings AG, Australian Warehouse Solutions, and Venus Packaging among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Tannin Market Competitor Landscape, Opportunity Analysis, Growth, Trends & Forecast 2019-2026


New York, NY Dec 31 2019 : According to a new study published by Polaris Market Research the worldwide Tannin Market is anticipated to reach around USD 3,755 million by 2026. In 2017, the leather tanning application dominated the global market, in terms of revenue. In 2017, Europe accounted for the majority share in the global tannin market.

The rapid increase in the demand of tannin from leather industry majorly drives the growth of this market. Growing demand from wine industry, and increasing disposable income especially in developing regions support the market growth. The consumers are increasingly consuming alcohol owing to rising living standards, rising disposable income, and improving lifestyles.  The rising demand of luxury goods, automobiles with luxurious leather interiors, clothes, and shoes is expected to drive the market during the forecast period. The growing use of tannin in applications such as healthcare, and wood adhesives would further supplement the market growth. New emerging markets, and emerging consumer demographics would provide growth opportunities for tannin market in the coming years.

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Europe accounted for the majority of the market share in 2017. The highly established wine industry majorly drives the market growth in the region. The increasing demand from the leather and automotive segment further augments the adoption of tannin. Leather is used in the automotive segment to design luxurious interiors for cars. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing population, rising disposable incomes, and improving lifestyles in developing countries of this region. A significant increase in the demand for luxury leather goods, and food manufacturing industry has been registered in the region, thereby boosting the tannin market. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.
  
Tannin is used in various applications such as leather tanning, wine production, and wood adhesives among others. The leather tanning segment is expected to lead the market during the forecast period owing to increasing demand of leather from textiles and automotive industries. Leather tanning involves treating of animal skins and hides for the production of leather. Rising disposable income, high standards of living, and growing demand for leather goods drive the growth of the market.

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The well-known companies profiled in the report include Forestal Mimosa Ltd., Tannin Corporation, Laffort SA, Tanac S.A., Tanin Sevnica d.d., Zhushan County Tianxin Medical & Chemical Co., Ltd., S.A. Ajinomoto OmniChem N.V., Polson Ltd., W. Ulrich GmbH, and Ever s.r.l. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

About Polaris Market Research

We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Petrochemicals Market Competitor Landscape, Opportunity Analysis, Growth, Trends & Forecast 2019-2026


New York, NY Dec 31 2019: According to a new report published by Polaris Market Research the petrochemicals market is anticipated to reach over USD 1,203.2 billion by 2026. In 2017, the ethylene segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

A significant growth in industries such as healthcare, automobile, construction, food and beverages, along with government initiatives and funding is expected to support the growth of this market. Other driving factors include abundance of raw materials in Middle East and favorable regulatory policies in Asia-Pacific. However, increasing environmental concerns, growing demand for bio-based chemicals, and price volatility of crude oil and natural gas are expected to restrict the growth of the market. Increasing demand from developing nations, and technological advancements are expected provide numerous growth opportunities to the market players during the forecast period.

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Petrochemicals are used in a wide range of applications in medical and healthcare sector. Phenol and Cumene are used for creation of a substance used for manufacturing of penicillin and aspirin. Petrochemical resins are used in drug purification, drug manufacturing for treatment of AIDS, cancer, and arthritis, development of artificial skin and limbs, and manufacturing of medical equipment such as bottles, and disposable syringes among others. In the food industry petrochemicals are used in manufacturing of food preservatives, chocolates and candies, and food coloring among others.
  
Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high economic growth in the region, growth in automotive and construction industries, and rising standards of living are expected to drive the market growth. Increasing disposable incomes in developing countries of this region, increasing applications of petrochemicals, and competitive manufacturing costs are further expected to support market growth.  Rapid urbanization, and rising shale gas explorations in the region are expected to further provide growth opportunities during the forecast period.

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The different types of petrochemicals include propylene, benzene, ethylene, butadiene, xylene, styrene, toluene, vinyls, methanol, and others. In 2017, ethylene accounted for the highest market share. However, adoption of methanol is expected to grow at the highest CAGR during the forecast period. The increasing demand of methanol for gasoline blending, and MTO (methanol to olefins) processes is expected to support its adoption in the coming years.

The well-known companies profiled in the report include include Royal Dutch Shell PLC, BASF SE, British Petroleum, The DOW Chemical Company, China National Petroluem Corporation, Chevron Corporation, ExxonMobil Corporation, LyondellBasell Industries Inc., INEOS Group Ltd.,  E. I. Dupont De Nemours & Company, Sabic, and Sinopec Ltd among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

About Polaris Market Research

We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Monday, 30 December 2019

Automotive Lighting Market Opportunity Analysis, Growth, Trends & Forecast 2019-2026


New York, NY Dec 30 2019:  The global Automotive Lighting market is anticipated to reach around USD 48.08 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger cars dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Lighting market.

The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the Automotive Lighting Market growth. The adoption of advanced automotive lighting solutions has increased significantly owing to increasing awareness regarding use of energy efficient lighting solutions, and growing need to improve road safety. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and increasing adoption of eco-friendly lighting solutions would provide growth opportunities for automotive lighting market in the coming years.

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The use of LED lights in automobiles has increased significantly and these lights are gradually replacing halogen and xenon lights for headlamps and daytime running lights. LED technology is being used for rear lights, brake lights, indicators and daytime running lights owing to their reduced costs and greater flexibility. High brightness white LEDs offer improved visibility, are smaller in size, and offer controlled illumination pattern to avoid dazzling other drivers on the road.

In 2017, Asia-Pacific accounted for the highest share in the global automotive lighting market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations regarding vehicular safety and use of eco-friendly lighting solutions accelerates the adoption of automotive lighting in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the Automotive Lighting Market Growth.

Get More Insights About The China Automotive Lighting Market:  https://www.polarismarketresearch.com/industry-analysis/automotive-lighting-market

The leading companies profiled in the Automotive Lighting Market report include Osram GmbH, Koninklijke Philips N.V., Zizala Lichtsysteme GmbH, Magneti Marelli S.P.A., Stanley Electric Co., Ltd., Ichikoh Industries, Ltd., Hella KGaA Hueck & Co., Koito Manufacturing Co. Ltd., General Electric Lighting, and Valeo S.A. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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