Automotive Lubricants Market: Expansion in Automotive Industry to Reflect Positively on Sales

Global Automotive Lubricants Market: Snapshot
The world automotive lubricants market is expected to witness a telling increase in demand in the coming years on account of the rising trend of possessing an automobile among consumers. The sale of automotive lubricants could be optimistically impacted on the back of the surging awareness level about several benefits such as improved average age of automobiles and upgraded operations. This positive situation of the world automotive lubricants market is anticipated to prevail over the course of the forecast period.
In 2015, the world automotive lubricants market was valued at US$55.4 bn. However, it is predicted to progress at a decent CAGR of 4.10% between 2016 and 2024 to reach US$78.9 bn by the end of the forecast period.

Increasing Number of Automobiles Directly Proportional to Growth of Engine Oil
Across the globe, vendors are projected to receive business from three premier types of automotive lubricant, viz. transmission fluid, engine oil, and gear oil. Nevertheless, engine oil a.k.a. motor oil could rake in a significant demand by emerging as one of the most valuable products in the international automotive lubricants market. This trend is foreseen to continue all through the forecast years. The incomparable growth of engine oil in the international automotive lubricants market could be attributed to the mounting count of automobiles running on road.

On the other hand, the magnifying engagement of single fluid for both transmission and gearbox functions is envisaged to cause a decline in the growth of transmission fluid and gear oil in the foreseeable future.
On the basis of base oil, the international automotive lubricants market could be classified into bio-based fluid, synthetic oil, and mineral oil. Each of these base oils is envisioned to offer some or the other type of business opportunity to industry players operating in the international automotive lubricants market.
An automotive lubricant could differ according to the type of automobile it is used for. Therefore, automobiles such as heavy-weight commercial vehicle (HCV), light-weight commercial vehicle (LCV), and passenger car are prophesied to set the tone for growth in the international automotive lubricants market.
By distribution channel, players could find favorable prospects in the aftermarket and original equipment manufacturer (OEM) automotive lubricants markets.

Asia Pacific Keeps Lead with Sizable Consumption in Improving Economies
Asia Pacific is prognosticated to sustain its lead in the worldwide automotive lubricants market while riding on key economies such as Japan and China that account for a larger consumption. The improving economies of Asia Pacific could allow for a substantial increase in the purchase power of consumers. Besides this, the impressive rise of the automotive sector therein is expected to enhance the growth rate of Asia Pacific.
In the near future, Europe could see a ballooning rise in demand propelled by the boosted growth of synthetic lubricants and enforcement of stricter regulations regarding fuel emission. Howbeit, the pace of growth in demand testified by Europe is anticipated to slightly dwindle during the forecast period. The North America automotive lubricants market could be subjected to a similar condition.
Nonetheless, the Middle East and Africa and Latin America are predicted to showcase a considerable growth in the next few years. Developing vehicle parc and infrastructural improvements could be vital for the growth of the Middle East and Africa region. Latin America is envisaged to advance imposingly due to the swelling sales of automobiles in Mexico and Brazil, intensifying implementation of engine oils having lower viscosity, and escalating trend of replacing old automobiles with newer models.

Some of the popular company names in the worldwide automotive lubricants market are Chevron Corp., ExxonMobil Corp., BP Plc., Royal Dutch Shell plc, and Petrobras.

Rise in Construction Industry to Reflect Positively on Lime Market

The global market for lime has been witnessing a tremendous rise in its market valuation, thanks to the rise in the building and construction industry. As lime is an essential component in the construction of a structure, plays an important role in the manufacturing of iron, non-ferrous metals, and steel, and is highly effective in waste water treatments, its demand is projected to increase significantly in the near future.
According to Transparency market Research (TMR), the global lime market stood at US$44.8 bn in 2015. Reporting a CAGR of 6.20% between 2016 and 2024, the opportunity in this market is expected to rise to US$76.4 bn by the end of 2024.

What are the important factors that are influencing the growth of the global lime market?
The rise in the construction activities across the world, fueled by the increasing trend of urbanization in both the developed as well as emerging regions, is the key factor driving the growth of the global market for lime. A major shift from the rural areas to the city can be observed, globally, which has created a massive need for residential structures and clean drinking water, which, consequently is boosting the demand for lime and is expected to continue doing so over the next few years.
On the flip side, the market may face severe challenges from the alarming rise in concerns regarding air pollution, since the burning of limestone for the production of quick lime leads to dangerous emissions in the years to come.

How is the leading regional market going to perform in the near future?
Asia Pacific has emerged as the leading regional market for lime across the world, thanks to the swift infrastructural development and the rise in the building and construction activities. As this rise in expected to remain steady, the region is projected to continue on the top over the next few years. Other regional markets, including the Middle East and Africa, North America, and Europe, are also anticipated to witness healthy growth in the near future on the grounds of the significant increase in the chemicals industry.

What are the key strategies leading players are focusing on in a bid to gain supremacy?

The global lime market is highly fragmented in nature due to the intense rivalry between a few established players, such as Carmeuse, Lhoist, Graymont, and Mississippi Lime. These participants are focusing specifically on mergers, acquisitions, and partnerships in an effort to expand their reach and, in turn, their businesses in the emerging regions. Currently, players are facing a severe challenge of forward integration from the suppliers of raw materials across the value chain. However, with product differentiation, they are likely to overcome this situation in the years to come.

Rapid Economic Growth Boosting Usage of Concrete Fiber Market across Industries

The concrete fibers market has, over the years, expanded at a steady pace and is likely to continue along this trajectory over the coming years as well. Rapid urbanization across the globe as well as ongoing experiments and R&D activities to improve the existing properties of concrete fibers have also benefited the growth of the overall market.
Concrete fibers may be synthetic, natural, glass, steel, basalt, and others and find application in a wide range of industries, such as construction, roadways, mining, and industrial. The numerous advantages concrete fibers present, such as durability, heat resistance, and stability, have greatly supported the worldwide market.

Q. Which are the key factors favoring the concrete fiber market in emerging regions?
A. Regions such as Asia Pacific and the Middle East and Africa have been showing immense potential in the global concrete fiber market and the demand for the same has been constantly rising. For instance, countries such as China, Japan, South Korea, and India, infrastructure facilities like bridges, roads, and highways have been on the rise, thereby strengthening the demand for concrete fibers. In addition to this, the economic growth in these countries and the pace of industrialization are both quite high, further driving the demand for concrete fibers in Asia Pacific. The greater availability of skilled workforce as an economical rate is also a major driving factor. As a result of this, companies have been focusing on expanding in this region so as to gain a larger share in the global market and improve their chances of profitability.

Q. How has the growth of the construction and transportation industries benefited the concrete fibers market?
A. With rising industrialization comes rapid urbanization, resulting in increasing activities in the building and construction industry. In the booming construction sector, concrete fibers are being used for the construction of various public and private infrastructure. In addition to this, urbanization has greatly influenced the transportation sector, as the construction of roads, highways, flyovers, bridges, railways, airports, and ports has translated into the demand for concrete fibers. The inherent properties of concrete fibers – stability, strength, durability, impact resistance, and chemical, mechanical, and thermal resistance – have also upped the demand for concrete fibers.

Q. What is the nature of the competitive landscape of the global concrete fibers market?

 A. Some of the prominent names in the concrete fibers market are Propex Global, The Euclid Chemical Company, Cemex, BASF SE, Nycon Corporation, Bekaert SA, W.R. Grace & Co., ABC Polymer Industries, SIKA AG, and Fibercon International Inc. An increasing number of players have been, of late, been focusing on emerging economies such as Nigeria, India, Brazil, and China in order to widen their scope of operation while, at the same time, strengthen their hold in the concrete fibers market. Companies are also investing on strengthening their distribution networks in these countries. Other key strategies players in the concrete fibers market are resorting to are mergers and acquisitions, investments, product launches, expansions, and product development.

Optimization and Low Cost to Propel Deployment of Converged Infrastructure Worldwide

Converged infrastructure runs by amalgamating multiple components of information technology (IT) into individual and optimized packages of computing. The several components of a converged infrastructure includes software, network equipment, data storage devices, and services for orchestration, automation, and the management of IT infrastructure. IT institutions employ converged infrastructure for centralizing the management and administration of IT resources, to lower their costs, enhance the rates of resource utilization, and consolidate systems. Converge infrastructures nurture these aims by employing pools of networking resources, storage, and computers that can be shared by several applications and be managed in a more collaborative manner using procedures which are policy driven. Several terms are used for describing this concept by the IT industry such as dynamic infrastructure, fabric-based computing, unified computing, and converged system.

The global market for converged infrastructure is expected to expand at an outstanding 22.4% CAGR from 2017 to 2025. The market was estimated to be US$11.78 bn in 2016 and is likely to touch US$76.26 bn by 2025.

How the shifting focus on cloud based data is centers a beneficial trend for this market?

The global market for converged infrastructure is expected to exhibit strong growth in the coming years owing to the growing investment by several organizations and business bodies in this IT based technology. The resources of converged infrastructure are holistically managed. The demand for it is expected to stay consistent over the years ahead owing to single point storage. The mounting trend among institutions to adopt solutions that will offer better simplicity, agility, scale, and security is expected to have a strong influence on the market.

 Furthermore, rising penetration of data centers which are cloud based with companies shifting their financial systems to cloud based systems is a trend that will have a major positive outlook on the market and supplement it growth as well. To capitalize this, many leading companies are entering the market. For instance, NetApp recently announced its entrance in the global convergence infrastructure market.

Which region should be the focal point for vendors?

The growing demand for converged infrastructure from different industries in the Asia Pacific region is expected to keep the region in the forefront in the global converged infrastructure market. The proliferating IT industry in India, Indonesia, and Thailand, South Korea, Japan, and China has fuelled the demand for this technology in Asia Pacific. The use of this technology is in the IT, telecommunication, and manufacturing industry is further a promising factor for the growth of the market in this region.

What are the hindrances that are likely to arise on the way of the market’s growth?

In spite of swift growth, the market is expected to witness a hurdle in the growth path owing to the high cost of these systems and a drastic downfall in the budgets of the IT sector across the globe. The entire IT industry is facing threats from budgetary pressure and thus this has led to cost saving techniques and postponing of new projects, 

Ability to Run and Manage Applications Without Need for Infrastructure Building and Management to Drive FaaS Market

Functionas a Service (FaaS) enables users to program, run applications, and manage applications among other functionalities, without the tedious task of managing these services. FaaS provides a platform that enables running of new applications without the need to build and maintain infrastructure and thus, it is in high demand. In addition to this, the reduced cost of operations is driving organizations to adopt these services, thus fueling the growth of the global FaaS market. A recent report published by Transparency Market Research (TMR) states that the global Function as a Service (FaaS) market was worth US$1230.0 mn in 2016 and is expected to reach US$4280.0 mn by the end of 2025, expanding at a whopping CAGR of 15.3% CAGR of 15.3%.between 2017 and 2025.

Given below are some of the key questions answered by TMR analysts regarding the global FaaS  market:

Q. What are the factors poised to boost the global FaaS market in the future?

The implementation of FaaS enables organizations to easily scale independent services triggered by events. The real time processing of data and file offered by Function as a Service is encouraging organizations to make use of these services. FaaS is being deployed for transcoding videos, thumbnail images, process logs, index files, filter, and aggregate the data in real time, and this is bolstering the demand for these services. The server less computing provided by Function as a Service is anticipated to ensure the growth of this market worldwide because server less computing is the unique selling point of FaaS over any other service platforms. This evolutionary process in promoting cloud computing is projected to drive the growth prospects of the global FaaS market.

Q. What are the challenges which market players may face during the forecast period?

The inability of Function as a Service to move applications and data formats from one cloud environment to another without any disruptions is one of the key challenges faced by organizations and is acting as the biggest challenge for players operating in the FaaS market. This inability to move data and applications formats from one cloud to a second one, without disruption can spell huge amount of losses for organizations that are saving data on multiple cloud environments.

Q. Which end use industry will emerge lucrative in the coming years?

The function as a key service has many applications in the healthcare industry. During the time of disaster, FaaS enables greater reach and enhanced collaboration. Better use of big data to treat patients and more storage at low cost are some of the factors boosting the adoption of FaaS in the healthcare industry. The adoption of FaaS also enables remote patient care and enhanced medical research which will further the function as a service market during the years to come.  The remote patient care enables health professionals across the globe to access the desired patient data instantly in times of need and patients are given treatment without any further delay, which could otherwise result in fatality. It is thus predicted that the healthcare segment in the global FaaS market is expected to exhibit a CAGR of 15.4% between 2017 and 2025.

High Resolution Technologies in Ophthalmic Ultrasound Devices to Open up Exciting Opportunities

The use of ultrasound devices to obtain diagnostically important information in ophthalmology is gaining increased significance. The application of ophthalmic ultrasound devices is gaining significance as they enable clinicians to get real-time cross-sectional images in a cost-effective manner. Over the past few years, the market has witnessed substantial improvements in scanning, data processing, and display technologies associated with ophthalmic ultrasound devices. This has constantly expanded the prospect of novel diagnostic capabilities leading to focused ultrasound in ophthalmology. In addition, constant developments have been made optical coherence tomography, magnetic resonance imaging, and Scheimpflug imaging techniques. 

The rise in elderly population and the prevalence of ovular disorders attributed to the rising pollution levels have spurred the demand for diagnosis of eye disorders such as glaucoma, cataract, diabetic retinopathy and macular degeneration. 

A majority of eye diseases may occur at any age and hence propels the demand for inexpensive and advanced ophthalmic ultrasound devices. Driven by abundant opportunities, the global ophthalmic ultrasound market is projected to rise at a CAGR of 6.2% from 2016 to 2024 and is expected to reach US$4.0 bn by the end of the forecast period. 

Which product segments are expected to garner extensive demand during the forecast period? 

The major products types in the ophthalmic ultrasound device market are A-scan, B-scan, combined scan, ultrasound biomicroscopes, and pachymeters. Among these, the segment of A-scan devices garnered the major share in 2015. Ophthalmic A-scan ultrasound devices find wide applications in ophthalmic clinics, research labs, and hospitals due to their capability to produce accurate results. Meanwhile, applications of B-scan ocular ultrasound devices are expected to gather extraordinary pace in the coming years. The substantial rise in demand for B-scan devices rate is attributed to the growing prevalence of ocular diseases such as cataracts and glaucoma. 

Advancements in ophthalmic ultrasound devices have enabled clinicians in obtaining a minimally-invasive visualization of various occult structures, which have helped them manage a variety of debilitating eye diseases in time. ArcScan, Inc., a leading developer of cutting-edge ophthalmic visualization technology, announced in May, 2017 that its flagship product Insight 100, will be incorporated by globally renowned Prism Eye Institute in Ontario, Canada. The world famous surgeon Ike Ahmed incorporated this in the clinic for indications related to refractive surgical planning and for the evaluation of anterior segment pathology. Considered as significant advancements over handheld ultrasound bio-microscopes, the device can be used in a variety of diagnostic applications, particularly for glaucoma assessment. 

Which geographical regions are expected to provide lucrative growth avenues for market players? 

The major regional markets are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Of these, North America emerged as the leading regional market and held the major market share in 2016. The growth of the regional market is attributed to the growing prevalence of common ocular disorders and constant innovations in diagnostic technologies. In addition, the presence of better ocular health awareness programs is also expected to bolster the uptake of ophthalmic ultrasound devices. 

On the other hand, the Asia Pacific market is projected to expand at a substantial rate over the forecast period. The growth in the market is driven by rising count of elderly population suffering with vision-robbing diseases and constant consolidation of distribution channels by prominent vendors in this region. 

Global Hemophilia Treatment Drugs Market to Gain from Continual Launch of Blockbuster Drugs

Of late, the global market for hemophilia treatment drugs has been displaying a positive movement in market valuation. With the market catering to a number of hemophilia types, such as hemophilia A, hemophilia B, hemophilia C, and acquired hemophilia, a significant expansion in its size is on the horizon.

According to Transparency Market Research (TMR), the worldwide market for hemophilia treatment drugs is likely to increase its opportunity from US$15.8 bn in 2015 to US$25.1 bn by 2024, expanding at a CAGR of 5.40% between 2016 and 2024.

In this blog post, researchers at TMR are answering to some of the important queries about the global hemophilia treatment drugs market:

What are the key factors behind the growth of the global hemophilia treatment drugs market?

The market for hemophilia treatment drugs has gained significant momentum across the world, thanks to the rising awareness among consumers pertaining to hemophilia and the continual advent of innovative methods of managing this disorder. The launch of a number of blockbuster drugs has also boosted this market significantly in the recent times and are projected to keep contributing actively to the revenue generated in this market over the next few years.

The FDA approvals for the clinical trials to launch novel blockbuster treatments and the easy availability of promising drugs, commercially, are also anticipated to drive the market’s growth in the near future.

How are the regional markets for hemophilia treatment drugs performing?

In terms of geography, the worldwide market for hemophilia treatment drugs reports its presence across North America, the Middle East and Africa, Europe, Latin America, and Asia Pacific. Of these, North America has acquired the leading position and is projected to retain it over the forthcoming years, thanks to the presence of a well-established healthcare infrastructure. The U.S. is expected to surface as the key domestic market for hemophilia treatment drugs in this region in the near future.

Europe, which holds the second position in the global market, is anticipated to lose some shares to Asia Pacific in the years to come on the grounds of patent cliff among several key drugmakers. Asia Pacific, on the other hand, is expected to emerge as a promising market for hemophilia treatment drugs over the next few years, owing to unmet medical needs.

What does the competitive landscape of the global market for hemophilia treatment drugs signifies about it?

The global hemophilia treatment drugs market demonstrates an extremely consolidated competitive landscape, with a few players holding the lion’s share. In 2015, the top three players, namely, Novo Nordisk A/S, Shire Plc., and Pfizer Inc., held nearly 50% of the overall market.

These companies are mainly focusing on expanding their geographical presence across various regions. Mergers, acquisitions, and alliances are likely to surface as the main strategy among the leading players, seeking to improve their product portfolio and enhance their research and development base in the years to come.

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