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Orange Oil Market Scenario Highlighting Major Drivers & Trends, 2017 to 2022

February 18, 2019 by Steve Blade  

According to the latest report published by Fact.MR, the global market for orange oil will surpass a valuation of US$ 2,012 Mn by 2022, expanding at a moderate CAGR during the forecast period (2017-2022). Orange oil is a cold-pressed natural oil obtained from citrus sinensis fruit (orange fruit). Orange oil has 90% or above d-limonene and hence often used as a substitute for pure d-limonene. Modern consumers are more inclined towards herbal or natural products than products prepared with synthetic ingredients, owing to the increasing risk of various long-term side-effects.

Orange oil contain various herbal properties and normally do not carry any serious effects, qualifying it as a high quality ingredient for wellness, food and cosmetic product manufacturing. Which is why, orange oil is used as a key ingredient for various premium wellness products. In addition, it is also used for food flavoring and aromatic therapies. Some theories suggest that orange oil fragrance has carminative, antispasmodic, and antidepressant properties. Factors as such are expected to drive the demand for orange oil over the next couple of years. Rising disposable income and increasing standard of living are some of the additional factors projected to influence the growth of the market. However, high pricey of orange oil often earns it a tag of a luxury product.

Following are the key predictions from Fact.MR’s forecast on the global market for orange oil.

  • Among regions, Europe is projected to remain the most lucrative market for orange oil during the forecast period. This is primarily due to presence of a large pool of premium class consumers in the region who seek for high quality beauty and wellness products, fragrances and natural cosmetics. The region is expected to command for over one-third market share in terms of revenue by 2017-end.
  • By product type, the bitter orange oil segment is anticipated to account for relatively higher share than other variants value share of the market through the forecast period. Bitter orange oil is usually obtained through cold-pressing and is use for manufacturing of various skincare products.  Meanwhile, sweet orange oil sales are also expected to witness an uptick over the next five years. In terms of revenues, sweet orange oil sales currently command for nearly 23% share of the global market.

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  • Between organic and natural oil, demand for the latter is projected to remain significantly strong in 2017 and beyond.  Growing application of orang oil in therapeutics, food & beverages, toiletries, aromatherapy, cleaning & home, and fragrances products manufacturing is proving favorable for the future prospect of the market.
  • By distribution channel, the modern trade segment is projected to account for over 44% revenue share of the market by 2017 end and is likely to remain dominant throughout the assessment period.

Competition Tracking

Aromaaz International, Aksuvital, Ultra International B.V., Citromax S.A.C.I., doTERRA International, LLC, Citrus Oleo, Lionel Hitchen (Essential Oils) Ltd, Symrise AG, Bontoux S.A.S., Young Living Essential Oils LC, Citrus and Allied Essences Ltd., Mountain Rose Herbs, Inc., Citrosuco Paulista SA, Plant Therapy Essential Oils, and Biolandes are some of the top companies profiled in the Fact.MR report.

Palm Oil Market Covering Growth Inclinations & Development Strategies until 2022

February 18, 2019 by Steve Blade  

Ongoing efforts to achieve complete transparency and sustainability in the palm oil supply chain is expected to prominently influence the growth of the palm oil market. According to the report published by Fact.MR, the palm oil market is projected to grow at a moderate pace while representing a CAGR of 3.9% during the forecast period 2017-2022. The report focuses on the palm oil market performance in the food and beverage sector which captures the major share among other end users such as biofuel and pharmaceutical. Demand for palm oil in the global food and beverage sector is expected to report over US$ 33 billion revenue generation by 2022 end.

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Fact.MR study reveals that the ongoing clean label trend is likely to influence business strategies of the palm oil stakeholders with a greater focus on establishing greater transparency in the supply chain as well as product labelling. Amid the rising clean label trend in the European food industry, research shows that Europe palm oil market is projected to dominate the global palm oil demand while representing the most attractive CAGR of 4.9% during the forecast. Amid recent EU ban on the palm oil in the transportation fuels, the food and drink industry in Europe, EU’s biggest manufacturing sector, is expected to maintain its leading palm oil demand during the forecast period.

With the establishment of the North American Sustainable Palm Oil Network (NASPON) by RSPO members, the North America palm oil market is expected to surpass US$ 5.5 billion by the end of 2022. This growth can be attributed to stakeholders’ initiatives in delivering sustainable palm oil to the end users.

The processed palm oil segment is estimated to outsell its counterpart - virgin palm oil by capturing three-fourths of the total market share in the palm oil market. This growth can be attributed to the higher concentration of saturated fatty acids present in the processed palm oil as compared to virgin palm oil. Demand for virgin palm oil remains concentrated in traditional cooking habits, however, the segment accounts for only a third of the total product type revenue in the palm oil market.

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Demand for palm oil in the foodservice segment is estimated to be the highest with the revenue generation of worth over US$ 13 million by the end of the forecast period. The food processor segment in the palm oil market is expected to present an opportunity of worth US$ 9 billion by 2022 end against the backdrop of growing demand for palm oil in the food ingredients industry.

While modern trade continues to dominate the distribution channel segment with over US$ 13 billion in revenue, the speciality store segment is the most attractive distribution channel in the palm oil market. As leading market players are engaged in expanding their market presence using additional marketing strategies, speciality store segment is expected to expand rapidly at a CAGR of 4.4%. Despite its lower market share, online distribution channel is the second most attractive distribution channel with almost 19% of the total market share by 2022.

Manufacturers in the palm oil market are focusing on achieving sustainability statement by implementing innovative strategies to enhance transparency and traceability in the palm oil supply chain. For instance, Nestle has recently announced the implementation of a satellite-based service to monitor the company’s palm oil supply chain across the globe. BASF and Unilever have also initiated steps to achieve transparency in their palm oil supply chain and product offerings. However, increasing preference for close substitutes of palm oil such as soybean oil and rapeseed oil and their affordable cost can pose challenges to the growth of the palm oil market. In addition, the rising cost of production caused by sustainability factor and broadening supply-demand gap is expected to present challenges of low-profit margins in the palm oil market during the period of assessment.

Pepper Mint Oil Market Highlighting Regional Revenue Share Dominance During 2017 to 2022

February 18, 2019 by Steve Blade  

Peppermint oil market is estimated to grow at a steady pace while reporting a CAGR of 3.9% during the forecast period of 2017 - 2022. As per Fact.MR valuation, growing preference for complementary and alternative medicines and increasing reliance on natural remedies are few of the vital fillips responsible for the US$ 671 Mn market for peppermint oil by the end of 2022.

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Recognition of peppermint oil as a GRAS product is another key factor responsible for the increasing adoption of peppermint oil across industries, particularly aromatherapy, F&B and therapeutics.

According to Fact.MR study, aromatherapy, therapeutics and F&B industries will report considerable demand for peppermint oil during the forecast. Aromatherapy will continue to account for the highest demand while therapeutics is expected to follow the trail by 2022 end. Growing preference for complementary and alternative medicines is one of the prime factors identified which is responsible for generating greater demand for peppermint oil in aromatherapy and therapeutic applications.

Demand for peppermint oil in the F&B sector is expected to account for almost 20% of the global market share. Increasing use of peppermint oil in the toiletries such as toothpaste, mouthwash and mouth freshener also contributes to the overall growth of the market.

Owing to the increasing demand for natural ingredients, Europe is estimated to report the highest demand for peppermint oil while accounting for 37% of the total market share. Fact.MR study estimates a 1.2x growth of the peppermint oil market in Europe by 2022 against the backdrop of increasing demand for essential oils in the region.

North America and APEJ are estimated to follow the trail with comparable market shares. Emerging demand for crude oil in China and India presents emerging opportunities for peppermint oil market. North America peppermint market is majorly propelled by growing reliance on the natural herbal remedies.

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Fact.MR study shows that natural peppermint oil is expected to hold two-third share of the peppermint oil market while accounting for worth US$ 440 Mn revenues by 2022. Counterpart of the natural peppermint oil – organic peppermint oil is likely to report a moderate CAGR of 3.3% during the forecast period.

Peppermint oil is easily accessible through supermarkets and hypermarkets and explains the larger market share of modern trade. Modern trade is estimated to capture almost half of the market share while surpassing US$ 300 Mn by the end of 2022. Franchise outlets are expected to follow suit and account for one-fifth of the global market share owing to growing consumer preference for the premium offerings in the purchase of peppermint oil.

Absolute peppermint oil is highly sought after in perfumery, cosmetics and aromatherapy applications owing to the higher concentration of aromatic compounds. Study shows that absolute peppermint oil will hold over 44% of the global market share by 2022. The concentrates form of peppermint oil is estimated to follow trail while accounting for worth US$ 220 Mn by the end of forecast period.

Manufacturers in the peppermint oil market are focusing on delivering high quality, certified peppermint oil products amid the rising population of discerning consumers. As cultivation of peppermint remains concentrated in two countries – the United States and Canada, the peppermint oil marketplace is dominated by a handful of exporters that determines the pricing of the peppermint oil.

Although the several world countries have started peppermint cultivation, it only satiates the local demand and fail to fill the broadening supply and demand gap. In addition, manufacturers in the supply chain face challenges of contaminated stock. The opaque nature of the peppermint supply chain is expected to hamper the future growth of the peppermint oil market through 2022.

Global Concrete Floor Grinding Machine Market Growth during the Forecast Period, 2018-2028

February 18, 2019 by Steve Blade  

Improvement in overall economic conditions has led to a continuous increase in construction activities over the years. This has fuelled the demand for malls, office & residential areas, which in turn is driving the growth of the Concrete Floor Grinding Machine Market. Concrete floor grinding machines are used for polishing and grinding concrete, granite, marble or any other kind of floor materials. Concrete floor grinding machines are not only utilized for grinding concrete purposes but are also utilized for polishing marble and granite countertops. Ability of these machines to work on concrete and stones make them an ideal solution for construction developers. 

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The demand for concrete floor grinding machines is directly proportional to the increase in the global construction industry. Nowadays, in the decorative segment, polished concrete is certainly with no doubt the burning market category. The commercial and industry flooring communities are including polished concrete as it is becoming a new standard where a combination of aesthetics, durability, reduced construction costs and minimum environmental influence is required, which in turn drive the demand for concrete floor grinding machine market. 

Concrete Floor Grinding Machine Market: Drivers

Concrete floors are increasingly gaining traction in design of residential and commercial buildings owing to superior workability and performance features. Concrete floor grinding machines are extensively utilized by construction developers to improve aesthetics and mechanical properties of the designed floor. Ease of operability, enhanced efficiency in operations, and durability features of these equipment support firm growth of the market.

The growing residential sector in Asia-Pacific and North America is driving the concrete floor grinding machine market. Moreover, the wide range of end-use sectors drives the demand for concrete floor grinding machines. Companies are adding new features to concrete grinding machine portfolio such as extended life-span, ability to work on variety of floor designs and compositions, and approaching construction developers through targeted channel marketing to sustain and grow in the global concrete floor grinding machines market.

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Concrete Floor Grinding Machine Market: Regional Analysis

On the basis of region, the concrete floor grinding machine market has been segmented into nine regions: South East Asia, North America, Western Europe, Eastern Europe, Latin America, Japan, India, Middle East & Africa and China. Most of the construction activities are centered in Asia Pacific, North America and Western Europe. The large number of new and old building renovation projects in Asia Pacific are expected to spur the demand for concrete floor grinding machines in the region.

According to estimates, construction activity in the United States is estimated to grow by 4%, where the non-residential and residential sector is expected to grow by 2% and 6% respectively. Also, non-building is expected to grow by 4% over the forecast year. Geographically, in the U.S., as of 2018, the South and the West will likely be the key regions of growth with Texas, Nevada, and New Mexico leading that growth. Moreover, the Canadian construction industry is estimated to grow by 3% in 2018, after a decline of 1% in 2017. Growth in 2018 will be fueled by a rebound in residential construction. This, in turn, is expected to drive the demand for concrete floor grinding machines in the future.

Concrete Floor Grinding Machine Market: Market Participants

Some of the market participants/vendors identified in the concrete floor grinding machine market are Husqvarna, Xingyi Polishing, HTC Group, SASE Company, National Flooring Equipment, Xtreme Polishing System, Substrate Technology, Weijie Enviromental, Scanmaskin Sverige AB, Shanghai Tuomei

The concrete floor grinding machine market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Global Automotive Speed Limiter Market Emerging Economies Expected to Influence Growth until 2028

February 18, 2019 by Steve Blade  

Automotive speed limiter, one of the vital cruise control systems, is a personal assistant for speed management, predominantly utilized in passenger vehicles.  In automotive speed limiter your personal assistant for speed at installation, i.e. by OEM. In addition to that, drivers can use an (optional) command module to set variable, voluntary limits in automotive speed limiter. Once the set limit is reached, the car will no longer accelerate due to command module set in Global Automotive Speed Limiter Market. A strong push in automotive speed limiter however, will allow the car to exceed the set speed or threshold (safety) speed.  Moreover, with an installation of automotive speed limiter set at moderate speed can achieve a significant reduction in fuel consumption, a noteworthy figure that would dramatically reduce running costs over a typical 4 to 5 years, as well as reducing emissions and extending engine life.

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Automotive speed limiters offer a range of substantial advantages, including reduction in driver fatigue coupled with enhanced driver comfort, automotive speed limiters avoid unintended speeding, and lowers carbon footprint. Subsequently, the aim of the study is to analyze the most recent trends and dynamics in the global automotive speed limiter market.

Global Automotive Speed Limiter Market: Dynamics      

Automotive Speed Limiter ensures the safety of the vehicle and its occupants. With the rising traffic and incidents related to accident and trauma has also necessitated the speed limiters. Additionally, Rising fuel costs are becoming an ever greater issue, and automotive speed limiters give vehicle operators another tool in their arsenal to restrict a driver’s speed, particularly when motorway driving.  A positive outlook for increasing fleet of passenger cars across the world bolsters the growth trajectory of global automotive speed limiters market. Apart from this, quick and easy installation of automotive speed limiters also reinforce the budding use of the component and support the growth of automotive speed limiters market. In economic terms, rapid urbanization and rising disposable income will affirm the growth of automotive speed limiters market.

Popularity of conventional vehicles with less equipped technology impound the automotive speed limiter market in Asian countries. Moreover, high acceptance and imposition of fines against speed violations are foreseen to steer the global automotive speed limiters market. Intelligent automotive speed limiter combines the functionality of key technologies, including adjustable speed limiter and traffic sign recognition. Subsequently, in a nutshell, economic factors and regional demographics play a pivotal role in the global automotive speed limiters market.

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Global Automotive Speed Limiter Market: Regional Outlook

With the prevalence of speed cameras in the countries of Western Europe, the technology – automotive speed limiter finds itself a good match. Intelligent automotive speed limiters will augment the safety inclusions in the vehicle. Besides mandatory attachment of automotive speeded limiters in new cars across North America and Western Europe set to promulgate the growth of automotive speed limiters market. Further, the government of India has been striving to mandate the use of automotive speed limiters in a bid to curb speeding and reduce related accidents. Singapore and other ASEAN countries will witness a surge in the utilization of automotive speed limiter over the coming years. With a substantial disposable income of the people in some countries of the Middle East, growing fleet of luxury vehicles will encourage the demand for automotive speed limiters. Moreover, Latin America is expected to enhance the use of automotive speed limiters in the near future.

Global Automotive Speed Limiter Market: Key Participants

List of some of the prominent market participants in the global automotive speed limiter market discerned across the value chain include: MKP Parts B.V. Vodafone Automotive SpA, AVS LTD. Remote Control Technologies Pty Ltd (RCT), Continental AG, Highway Digital (Nigeria) Limited, SABO Electronic Technology Co., Ltd.

The research report – Automotive Speed Limiter presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The study on automotive speed limiter market also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to automotive speed limiter market segments such as geographies, application, and industry.

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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
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Maximum Revenue Continues to Pour in to Automotive Engine Cover Market through Passenger Cars

February 18, 2019 by Steve Blade  

The global automotive engine cover market is poised to reach a value more than US$ 1250 Mn by the end of 2022 and is anticipated to grow at a steady CAGR during the forecasted period of 2017 to 2022. Growing population along with higher disposable income has led to increase in the purchase of vehicles and passenger cars, ultimately leading to the rise of the automotive industry. This has contributed to the growth of the global automotive engine cover market. Factors such as increasing urbanization, innovations in engine cover with new technologies, and government regulations which demand light weight covers for engines are few aspects which contribute to the growth of the global automotive engine cover market. Europe region is expected to dominate the global market and grows at a steady rate.

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Maximum Revenue Continues to Pour in to Automotive Engine Cover Market through Passenger Cars

Dramatic organic growth in the production and sales of passenger cars has been among the key factors generating demand for automotive engine cover. As governments are increasingly imposing strict regulatory standards such as CAFÉ (Corporate Average Fuel Economy) standards, automakers as well as vehicle owners are rapidly preferring a switch to lightweight automotive components, promoting fuel economy.

High Performance Materials: The Potential Future of Automotive Engine Cover that Renders a Dual Advantage

Adhering to the fact that automotive engine cover demands a specific balance of properties for proper maintenance of the dimensional appearance in addition to the warp resistance, a majority of automakers are encouraging automotive engine cover manufacturers to utilize materials that possess resistance to high temperature as well as under-the-hood chemicals.

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Moreover, reduction of the engine noise is also a growing trend, which is effectively supported by acoustic automotive engine covers manufactured by using a wide range of high performance composite materials such as PET (polyethylene terephthalate) or polyester.

Competition Assessment: Global Automotive Engine Cover Market Landscape
Approximately 10% vehicle weight reduction consequently leads to an average of 6% fuel usage reduction. With this highlighting the driving force behind the automotive industry’s shift towards lightweight components, tightening regulatory norms regarding fuel emission control and high fuel efficiency further underline the critical need for embracing lightweight automotive components manufacturing.

A majority of participants in the value chain of global automotive engine cover market are thus prioritizing a move towards lightweight composite materials. A highly flexible foam made from polyurethane has been developed by the German Chemical giant BASF, which is considered as an ideal automotive engine cover material by industry experts. The flexible soft automotive engine cover made from the company’s patented version of Elastofoam has already been incorporated into selected Volvo models with an objective to integrate mechanical and acoustic properties.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Global Automotive Exhaust Manifolds Market Growing Demand to Impact Revenue Share during 2018-2028

February 18, 2019 by Steve Blade  

Automotive exhaust manifold plays a very important in any vehicle exhaust system, as it connects the cylinder head and then funnels the exhaust gases to the exhaust pipes. There gaskets present between the connection with the automotive exhaust manifolds, which prevents the poisonous exhaust fumes from sneaking into the vehicle and harming the occupants. Automotive exhaust manifolds are used in engines powered with both diesel and gasoline (petrol) in all vehicle types (PCV, LCV and HCV) in the Global Exhaust Manifolds Market.

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Automotive Exhaust Manifolds should be manufactured and designed with utmost quality and precision, as even a small engineering flaw can danger human life, or result in the total loss of the automobile. Hence, cylinder chambers, including the cylinder head and automotive exhaust manifolds, are produced with high quality and accuracy to avoid mechanical disasters during the functioning of the engine. Increasing manufacturing ability and recent advancement have enabled the automotive industry to manufacture and design immaculate automotive exhaust manifolds in the global market.

Some of the prominent factors for the growth of the automotive exhaust manifolds market is the increasing vehicle production globally and the enhancement of safety features. An automotive exhaust manifolds has to be changed checked regularly and replaced if leakage is found so that it can perform its work efficiently. Thus, the automotive exhaust manifolds are one of the prominent aftermarket components in the global automotive market as they have a good replacement rate and hence by sales channels the aftermarket segment is estimated to grow with a prominent pace over the forecast period in the global market.

Automotive Exhaust Manifolds Market: Dynamics

The automotive exhaust manifolds market has a lot of scope in the research, development, and innovation department, as new approaches and technologies are being discovered for the manufacturing of upright and reliable engine parts and components. Additionally, new manufacturing technologies have enabled manufacturers to produce complex and difficult parts and components, such as cylinder heads, tubular automotive exhaust manifolds with ease and in very less manufacturing time. Moreover, the overall market for automotive exhaust manifolds has been inflating, owing to the overall global growth of the automotive industry.

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Present-day consumers are more attracted and fascinated towards performance-orientated vehicles with luxurious driving comfort. This will be a prominent driver for exhaust systems which includes automotive exhaust manifolds over the forecast period. For instance, manufacturers strive to produce exhaust manifolds with added precision, which will in turn drive growth of the market. Growing disposable income and high standard of living have enabled consumers to use vehicles that are more powerful with the full capability of the engine, for high driving performance. Furthermore, the use of the light stainless steel automotive exhaust manifolds that help reduce the overall weight of the vehicle is expected to fuel growth of the overall automotive exhaust manifolds market in the coming future.

Automotive Exhaust Manifolds Market: Regional Outlook

Europe and North America have a high lifestyle with comfortable standards of living and an increasing potential for spending; this has led to the development of high quality automotive exhaust manifolds in these respective regions.

Developed automotive markets, such as the U.S., Germany, and Japan, have always witnessed high demand for vehicle customization and thus high sales of custom auto components such as automotive exhaust manifolds has been witnessed in the aftermarket. But with the disruptively changing automotive industry in the developing markets as well, there has been increased adoption of this trend, i.e., demand for customized automotive exhaust manifolds. For racing aspirants, exhaust system is highly crucial. Manufacturers in the market are also focused towards supplying model-wise customized high-performance automotive exhaust manifolds. The performance exhaust systems component such as automotive exhaust manifolds available in the aftermarket are relatively high priced than the standard ones but offer various advantages, including higher engine performance and efficiency, style and desired acoustic comfort. These conditions are expected to act as catalysts for the growth of the overall automotive exhaust manifolds market in the coming future.

Automotive exhaust manifolds are essential for the effective operation of any vehicle, and have a good maintenance and service rate in all automobiles. Thus, the automotive exhaust manifolds aftermarket is expected see rapid growth in all developed and developing countries in the future. Evolving markets in the Asia Pacific region, especially China, India and Japan, will play a vital role in the expansion of the automotive exhaust manifolds market in the near future. In countries, such as India, China, South Korea and Japan, automobiles are the primary mode of transportation and hence, there is huge growth prospective for the automotive exhaust manifolds market over the coming years.

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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://insiderstribune.com

 

Soybean Oil Market Scenario Highlighting Major Drivers & Trends, 2017 to 2022

February 18, 2019 by Steve Blade  

As per the latest study conducted by the Fact.MR, the global market for soybean oil is set to increase at a steady rate over the next five years and reach a valuation in excess of US$ 21,373 Mn by 2022-end. Soybean oil is one of the most common cooking oil, which is used worldwide. Nearly two-third amount of the soybean that is produced across the globe is used for soybean oil production. In the recent years, the global production of soybean oil has surged incessantly owing to its increasing application in the food and beverage industry. The product is widely used for baking, frying and as a condiment for salads.  

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Demand for the product is gaining traction owing to its omega-3 fatty acids and polyunsaturated fats content that are beneficial to the health.  Moreover, soybean oil is also used in the manufacturing alkyd resins that are used in inks and oil paints. Soybean oil continue to be a cost-efficient cooking oil, which is readily available in the market. The aforementioned factors are likely to make a positive influence on the global market for soybean oil.

Following are the key projections from Fact.MR’s forecast on the global market for soybean oil.

  • Based on product type, the processed soybean oil segment is projected to remain dominant throughout the forecast period. Consumption of processed soybean oil is relatively higher than the virgin variant. Currently, the former command for over two-third revenue share of the market. Most consumers prefer processed soybean oil for cooking as it is more refined, which in turn continues to drive its global demand.
  • Based on end use, the retail segment is projected to exhibit impressive growth between 2017 and 2022. In terms of revenue, this segment currently commands for around 38% share of the market and is anticipated to stand at US$ 8,156 Mn towards the end of the forecast period. Foodservice segment is expected to remain the second largest end use segment.

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  • On the basis of distribution channel, the modern trade segment is projected to retain its top position over 2022. Presently, the segment commands for nearly one-third revenue share of the market. Meanwhile, the online retail store segment is also reflecting a steady growth as well.
  • Among regions, Europe will continue to be the largest market for soybean oil and exhibit lucrative growth opportunities over the next couple of years. The market in the region is expected to register a relatively higher CAGR as compared to other region. 

Competition Tracking

Key players profiled in the Fact.MR report include ConAgra Foods (Agrotech Foods Ltd), Ach Food Companies, Inc., Marico Limited, Olympic Oils Limited, American Vegetable Oils, Inc., Fuji Vegetable Oil, Inc., Adams Group, Borges Mediterranean Group, Cargill Inc., Beidahuang Group, Bunge Limited, Associated British Foods (Ach), Archer Daniels Midland Company, Ruchi Soya Industries Ltd, and The Adani Wilmar Ltd. Owing to increasing demand for trans-fat free cooking oil, producers are actively focusing on introducing high quality refined soybean oil. 

Vehicle Customization Trending in Developing Regions, Uplifting Revenue Sales of Automotive Chrome Accessories in Aftermarket

February 18, 2019 by Steve Blade  

The report intelligence on global automotive chrome accessories reveals that during the course of assessment i.e. 2017-2022, the global automotive chrome accessories market revenue will see passive growth at below 3% CAGR. The roughly US$ 8 Bn automotive chrome accessories market is poised to face a longstanding challenging scenario through 2022 and ahead, prominently owing to scarce chrome ore supply and health concerns regarding the use of hexavalent chromium in plating. A majority of automakers and players competing in the global automotive chrome accessories are thus strategizing a shift towards a wide range of available alternatives to chrome plating such as plating with nickel and nickel alloys, media-blasting, bare metal and powder coating, ABS plastic, and decorative plating. However, some leading automobile manufacturers are still innovating the use of automotive chrome accessories in their recent and upcoming launches - the latest example of this innovation includes Mahindra’s Marazzo.

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Chrome Trim Products Are Back, Estimated to Sustain Steady Sales of Automotive Chrome Accessories

In addition to enhancing aesthetics of vehicles, automotive chrome accessories prominently improve the vehicle resistance to weathering. While chrome trim perfectly matches the OEM factory finish, it also allows vehicle features to stand out with a luxurious aesthetic appeal. The versatility and diversity of chrome usage will continue to sustain the sales of automotive chrome accessories in the near future. Although promising comeback of a range of chrome trim products is expected to continue generating steady demand for automotive chrome accessories, the overall sales of chrome trim products will remain passive - exhibiting a CAGR of just over 2.5% during 2017-2022.

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As indicated by the global automotive chrome accessories market report by Fact.MR, automotive chrome accessories will remain a preferred choice for plating among passenger vehicle manufacturers over the forecast period. Although the growth of automotive chrome accessories sale is poised to not exceed the CAGR 2.5% over 2017-2022 in premium as well as med-sized passenger cars (PCs), it is anticipated that compact and luxury PCs will demonstrate relatively higher CAGR values of over 3% through 2022. Product type assessment concludes that body side mouldings, door handle covers, and grille covers will remain the top selling automotive chrome accessories in the market towards 2022 end. Door handle cover sales are poised to witness relatively faster expansion at a CAGR of over 3.5% during 2017-2022.

Automotive Chrome Accessories Market: Competition Analysis

The report on global automotive chrome accessories market tracks some of the prominent players participating in the competitive landscape of automotive chrome accessories market. HELLA KGaA Hueck & Co, Oakmore Pty Ltd, Thule Group AB, Covercraft Industries, LLC, Lund International, Inc., Pep Boys - Manny, O'Reilly Automotive, Inc., Moe & Jack, U.S. Auto Parts Network, Inc., Fratelli Menabo' Srl, and Mont Blanc Industri AB are some of the companies that have been assessed in terms of their profiles, financial status, key offerings, developmental strategies, and value shares in the automotive chrome accessories market.

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Spearmint Oil Market Highlighting Regional Revenue Share Dominance During 2017 to 2022

February 18, 2019 by Steve Blade  

Growing prevalence of indigestion and respiratory problems has led to a robust demand for spearmint oil in the healthcare industry. Attributed to health-related benefits, spearmint oil is likely to witness an upsurge in demand among the personal care and cosmetic product manufacturers. Such factors are likely to impact the global market positively. According to a recent report published, the global spearmint oil market will register a steady CAGR growth over the forecast period, 2017 – 2022.

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Market Dynamics  

Rich in antioxidant properties, the spearmint oil witnesses a robust demand in various industries. Increasing prevalence of common cold, indigestion, respiratory problems has led to a boost in demand for spearmint oil in the healthcare industry. Moreover, spearmint is further used for disinfecting internal wound in the food pipeline, stomach and intestine. Apart from treatment of infections and diseases, spearmint oil is likely to witness an upsurge in demand in the cosmetic industry. Attributed to antiseptic and anti-oxidant properties, spearmint oil witnesses a significant demand among cosmetic manufacturers for reducing various skin imperfections and wrinkles. 

Growing need for insect repellant creams, anti-bacterial and anti-inflammatory products for soothing inflamed skin, itching, redness and swelling is expected to rev up demand for spearmint oil in the personal care industry. Attributed to anti-inflammatory, spearmint oil will witness a considerable demand among the personal care product manufacturers. Due to such factors growth of the global market of spearmint oil will witness an increase during the predicted period. Spearmint oil will witness significant demand in the therapeutic industry attributed to revitalizing properties and restorative fragrance. Manufacturers in the therapeutic industry are predicted to witness a robust demand for spearmint oil. Such factors will fuel the global market growth of spearmint positively by the end of 2022.

Segmentation Analysis

Natural spearmint oil among various products is likely to register a relatively high CAGR growth in the global spearmint oil through 2022. This segment will represent more than US$ 120 Mn in terms of value during the predicted period. Absolute spearmint oil among various product forms is likely to represent the most attractive segment in the global market of spearmint oil market by 2022 – end.

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Sales of spearmint oil will witness a significant growth through online portals among other distribution channels. Franchise outlets is expected to register the second highest CAGR growth in the global market of spearmint oil during the projected period. Therapeutic industry among other end users will reflect a relatively high CAGR growth in the global market. However, the food and beverages industry will represent a relatively high growth in terms of revenue by the end of 2022.

Regional Analysis

Europe among other regions is expected to remain a leading market for spearmint oil throughout 2022. Natural spearmint oil products are likely to outsell the organic products for spearmint oil in this region. Expansion of online channels is expected to contribute towards growth of the Europe market in terms of revenue during the projected period. Online distribution channel is expected to witness a relatively high CAGR growth, followed by franchise outlets. Spearmint oil in Europe will witness robust demand in the therapeutic industry. 

The report has also profiled leading players in the global market for spearmint oil, which include IL Health and Beauty Natural Oils Co., Inc., Aromaaz International, Aksuvital, DoTERRA International, Plant Therapy Essential Oils, Lionel Hitchen Essential Oils, Synthite Industries Ltd., Young Living Essential Oils, The Lebermuth Company Inc., and Green Fields Oil Factory.