U.S. Lubricants Market Worth $24.50 Billion By 2027

The U.S. lubricants market size is projected to reach USD 24.50 billion by 2027, expanding at a CAGR of 3.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for industrial lubricants in U.S. is anticipated to boost the market growth over the forecast period.

Rapid industrialization in the country led to higher consumption of oils in the industrial sector. Lubricants are widely used across various manufacturing industries, including metal forming, mining, paper & mill, construction, agriculture, food & beverages, energy, plastics, and others. Growth of the manufacturing industry has a direct impact on the demand for the lubricants. Increasing focus on the development of domestic manufacturing sector is likely to positively affect the demand for lubricants in the country. Other factors facilitating the lubricant consumption include focus on productive and cost-effective manufacturing techniques, increased mergers & acquisitions, and reshoring of factories.

Inflow of foreign investments in the marketspace, coupled with availability of several skilled labors with high adaptivity to technological interfacing, is driving the manufacturing sector in U.S. Rapid growth of the niche manufacturing sectors, like 3D printing, is also a key force behind constant demand for lubricants used in the printing machines. Moreover, as of 2017, in U.S., the major industrial machinery utilization was observed in the construction and agriculture industries, followed by the mining and food processing industries.

Furthermore, in terms of automotive industry movement, downsizing liter engine segment vehicles to reduce vehicle weight and enhance fuel efficiency is considered to be yet another key factor boosting the sales of passenger cars in U.S. With the rise in sales of automobiles in U.S., the projected consumption of lubricants in the manufacturing and maintenance of vehicles in the country is also expected to rise in the coming years.

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https://www.grandviewresearch.com/industry-analysis/us-lubricants-market

Further key findings from the study suggest:

The automotive application segment held the largest share of 57.73% in U.S. in 2019 due to high demand for vehicle maintenance. Engine oils held the largest share in 2019 and transmission fluids are anticipated to witness the fastest growth over the forecast period
The aerospace sector is projected to expand at the fastest CAGR of 4.0% in terms of volume due to increased shipping demand for U.S. produced civil space systems, general aviation aircrafts, and commercial aircrafts
In the industrial application segment, industrial engine oil is projected to register the highest CAGR of 3.2% from 2020 to 2027 due to high demand for the product to enhance machinery life by reducing wear and tear of engine components
Key players in U.S. lubricants market such as Total S.A., ExxonMobil, British Petroleum, and Royal Dutch Shell have integrated operations across the value chain.

Anti-corrosion Coatings Market Size Worth $38.6 Billion By 2027

The global anti-corrosion coatings market size is anticipated to reach USD 38.6 billion by 2027, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.6% over the forecast period. Rising demand for anti-corrosion coatings in industries, such as oil & gas, building & construction, and marine, is expected to drive the market over the forecast period. The primary purpose of the anti-corrosion coating is to protect the metal substrates from environmental exposures, such as humidity, moisture, and oxidation.

These coatings act as a barrier to prevent the interaction between the corrosive materials, compounds, chemicals from the metal surfaces. In addition, these coatings enhance the surface finish of the metallic components. The rising demand for sustainable and durable metallic products, especially in the oil & gas and building & construction industries, is expected to drive the product demand over the forecast period. The Asia Pacific is anticipated to be the largest regional market over the forecast period.

This is owing to various factors, such as government initiatives like Make in India, construction of a silk route project connecting Xian, China to Trieste, Italy through both road and marine transportation. In addition, various companies in clean energy production and aerospace are planning to establish manufacturing facilities in India post COVID-19 pandemic, which will support market growth. With the rising number of building & construction projects in North America, particularly in the U.S., demand for electric automotive, and R&D investments for developing advanced, environmentally-friendly anti-corrosion coatings will boost the market growth in North America.

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https://www.grandviewresearch.com/industry-analysis/anti-corrosion-coatings-market

Further key findings from the report suggest:

The global market was valued at USD 27.2 million in 2019 and is estimated to register a CAGR of 4.6% from 2020 to 2027
The marine application segment is expected to witness the fastest CAGR of 5.3% over the forecast period in terms of revenue
The high CAGR is attributed to the rising spending on navy defense infrastructure across developed and developing countries and rising cross border trade through marine transportation
The oil & gas application segment accounted for the largest share of over 36% in 2019 and will retain the dominant position throughout the forecast years
This is credited to rising product demand in the oil & gas sector due to the presence of Sulphur in the crude oil, which causes corrosion in pipelines, vessels, and containers
The Asia Pacific accounted for the maximum market share of over 36% in 2019. India, in particular, is estimated to witness the fastest CAGR 5.8% from 2020 to 2027

Unsaturated Polyester Resin Market Size Worth $18.9 Billion By 2027

The global unsaturated polyester resin market size is anticipated to reach USD 18.9 billion by 2027, expanding at a CAGR of 6.3%, according to a new report by Grand View Research, Inc. Developments in the building and construction and tank and pipes are likely to drive the demand for the isophthalic in these end-use segments. Increasing use of environment-friendly and energy saving products is also expected to influence the market, positively.

Favorable government regulations and initiatives to develop the infrastructure, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected to augment product demand over the forecast period. Some of the initiatives are LaGuardia and O’Hare airport construction project in U.S., Beijing Airport expansion in China, and Make in India initiative by the government of India.

Increased demand for the products which are capable of working in high-temperatures and corrosive environment is anticipated to foster usage in the building and construction end-use industry. Unsaturated polyester resin (UPR) composite has enabled consumers to pick end-use specific product from a wide range of options. The widening of product distribution channels has also made these products readily available to the users, thus acting as a driving force for the growth of the market for UPR.

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https://www.grandviewresearch.com/industry-analysis/unsaturated-polyester-resin-upr-market

Further key findings from the repot suggest:

Orthophthalic occupied the largest revenue share on account of its higher price and increasing usage in construction, electronics, and automotive sectors
DCPD emerged as the fastest growing product segment in Europe and North America as it exhibits properties such as high deflection temperature, high resistance to chemical corrosion, and high impact resistance
Rising demand for environment-friendly and energy saving products and solutions is expected to drive the unsaturated polyester resin (UPR) market
The marine end-use segment is projected to exhibit the highest CAGR over forecast period
Stringent environmental rules and regulations and focus on indoor air quality is anticipated to drive the market
Increasing investment from government and private institutions in the building and construction sector is projected to contribute to the demand for these resins
Key players include INEOS, BASF SE, Polynt, Koninklijke DSM N.V., U-PICA Company. Ltd., Eternal Materials Co., Ltd., Satyen Polymers Pvt. Ltd., Dow, UPC Group, Scott Bader Company Ltd., Tianhe Resin Co., Ltd., and LERG SA.

Driving Simulator Market Worth $6.1 Billion By 2027

The global driving simulator market size is expected to reach USD 6.1 billion by 2027, registering a CAGR of 3.4% over the forecast period, according to a new study by Grand View Research, Inc. Increasing research & development activities focused on developing autonomous vehicles, coupled with growing demand for advanced driving assistance systems, are expected to drive the market in the forecast period. The use of simulators for vehicle testing helps automotive manufacturers to assess the real-time performance of the vehicles in a dynamic but controlled environment.

Driving simulator acts as a training platform for training new as well as experienced drivers for commercial and project-oriented purposes. These machines are used for providing driving lessons ranging from basic to expert levels. Moreover, they help the trainers and the researchers in determining the behaviour patterns of the drivers under several unavoidable circumstances, including sudden braking.

Furthermore, simulators are used across various platforms in the aviation industry to train pilots of commercial aircrafts and helicopters and military aircrafts. These machines are also gaining momentum in the motorsports and gaming industry. Car and bike simulators are increasingly used in gaming zones and arenas as well as amusement parks. They enable higher player engagement in the game, thereby increasing their popularity globally.

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https://www.grandviewresearch.com/industry-analysis/driving-simulator-market

Further key findings from the study suggest:

The full-scale simulator type segment held a major share of approximately 41% in 2019 owing to its lower cost as compared to other types
By application, the research and testing segment dominated the driving simulator market in 2019 and is expected to expand at the highest CAGR during the forecast period owing to the advent of autonomous vehicles in the market
Based on end use, the aviation segment held a major share in 2019 owing to the increased air traffic and growing safety concerns among passengers
Europe accounted for the largest share in 2019, followed by North America. Presence of major automotive manufacturers is driving the regional market
Prominent players in the driving simulator market include Thales Group; L3 Technologies Inc.; CAE, Inc.; Bosch Rexroth AG; and Anthony Best Dynamics Limited.

Logistics Insurance Market Size Worth $61.55 Billion By 2025

The global logistics insurance market is anticipated to reach USD 61.55 billion by 2025, according to a new report by Grand View Research, Inc. The increasing foreign direct investment, establishment of free trade zones, and increasing globalization has resulted in the rapid growth of the transportation industry in the emerging countries. The logistics hubs and trade routes are gradually shifting toward the emerging market. Privatization of the transportation industry has further spurred the industry growth in China, Turkey, and India.

The adoption of digital technologies enables the company to tap new opportunities for additional premiums, better risk selection, increasing governance, and improved customer experience. Insurers across the globe are implementing newer technologies and adopting cloud- and mobile-based technologies to tap the growing demand in the emerging markets. Through various distribution channels, the insurance companies are modernizing the legacy applications.

The insurance companies are implementing mobility as a part of the business strategy, owing to the increasing usage of smartphones in both developed and emerging markets. Customers can easily request a policy quote, calculate premium, locate insurance agent, and store the policy data with the advent of the mobile apps.

The insurance industry comprises of structured and unstructured data. Big data analytics plays a vital role in the insurance industry that delivers significant Return on Investment (ROI) and cost savings. The rise in digital integration and digital customer relationship management is likely to spur the market demand over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/logistics-insurance-market

Further key findings from the report suggest:

The increasing adoption of cloud- and mobile-based technologies to improve the customer experience
The transportation industry is anticipated to witness a significant growth with a CAGR of over 3.5% over the projected period
The maritime industry is anticipated to dominate the market in terms of revenue
The Asia Pacific region is anticipated to dominate the market in terms of growth rate over the forecast period
The rising financial asset and real estate values in the region are enabling the companies to have a higher premium volume
The market posesa rising competition that enable insurers to invest more in technological advancement to enhance the customer experience
The key players in the logistics insurance market include Integrity Transportation Insurance (U.S.), Liberty Mutual Insurance (U.S.), Peoples Insurance Agency (U.S.)

GPS Market Size Worth $146.4 Billion By 2025

The global positioning systems (GPS) market size is anticipated to reach USD 146.4 billion by 2025, according to a new study by Grand View Research, Inc., exhibiting a CAGR of 18.4% during the forecast period. Burgeoning popularity of location-based services such as online food delivery and e-hailing services are projected to create significant demand for GPS-enabled devices over the forecast period. Furthermore, increasing use of GPS devices for navigation purposes in military aircraft and navy ships is poised to propel the market.

Global positioning systems are satellite-based navigation systems that provide real-time location of objects. GPS is widely used in a variety of civil applications, including road transportation, shipping, rail transportation, heavy vehicle guidance, surveying and mapping, social activities, and financial services. GPS transmitters use data to provide exact location of the object. Moreover, a GPS can work in any weather condition that makes it more versatile and reliable.

Among all application segments, the location-based services and road segments are expected to be significant revenue contributors in the global market during the forecast period owing to increasing deployment of GPS technology in smartphones, tablets, networking devices, IoT devices, and connected vehicles. Rising adoption of smartphones and growing consumer inclination towards digital services such as online retailing, cab services, and food at door steps are likely to spur the growth of the market during the forecast period.

In addition, increasing investments by large market players in developing countries such as China, India and Indonesia are expected to boost overall adoption through partnership with local suppliers. This will help the Asia Pacific market to gain traction over the coming years. However, lack of network infrastructure and lack of awareness of GPS technology among large population are estimated to hinder the growth of the market over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/gps-market

Further key findings from the study suggest:

North America accounted for the largest market share in 2017 followed by Europe, owing to a large number of smartphone users, high demand for GPS devices for connected fleets, and presence of key market players
The Asia Pacific GPS market is expected to witness significant growth over the forecast period on account of increasing per capita expenditure, growing economy, and high adoption of smartphones
The location-based services application segment accounted for over 41.0% of the global GPS market in 2017 owing to a surge in the demand for GPS devices for navigation and travel, retail and real estate searches, geo-social networking, and mobile marketing and advertising purposes
Prominent market players are focusing on undertaking mergers and acquisitions with system integrators to increase their overall revenue share. Additionally, key players are continually investing in development of new products to gain a higher market share and increase their overall profitability
Military expenditure by governments of countries such as the U.S., Russia, China, India, and Saudi Arabia is projected to rise significantly, thus fueling the growth of the global GPS market over the forecast period.

Native Collagen Market Size Worth $231.6 Million By 2025

The global native collagen market size is expected to reach USD 231.6 million by 2025, exhibiting a CAGR of 5.4% over the forecast period, according to a new report by published by Grand View Research, Inc. Increasing demand for the product in cosmetics formulations owing to its anti-inflammatory, antioxidant, and anti-aging properties is expected to fuel the market growth.

Native collagen is in an unprocessed form of the protein, which is employed in several end-use applications such as bone and joint reconstruction, wound dressing, tissue regeneration, and in various skincare products. It is further processed or hydrolyzed to form peptides and gelatin. Processed products are used for various purposes in several industries such as food and beverage, personal care and cosmetics, photographic, and healthcare. Increasing demand for processed products from these end-use industries is anticipated to boost the production of gelatin and hydrolyzed collagen, thereby hampering the market growth.

Native collagen is also used in dietary supplements, dental implants, and cell culture. The growth of the segment can be attributed to the increasing use of the product in research related actives. Native collagen is widely being used in dietary supplements used for bone and joint health. In cell culture activities, it is used as a coating solution for facilitating cell attachment, growth, differentiation, migration, and tissue morphogenesis.

A majority of the manufacturers in the native collagen market are investing heavily in R&D activities to meet the regulatory norms, specifications, and guidelines. Several native collagen suppliers are focusing on dealing with more than one manufacturer owing to price competitiveness in the market as the product is niche. Some of the major market players include Thermo Fisher; Bio-Rad Laboratories, Inc.; Aviva Systems Biology Corporation; and RayBiotech, Inc. Most companies are involved in the distribution of the product for cell culture activities.

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https://www.grandviewresearch.com/industry-analysis/native-collagen-market

Further key findings from the report suggest:

In terms of revenue, marine source segment is projected to ascend at a CAGR of 5.8% over the forecast period
In terms of volume, wound dressing emerged as the largest application segment in 2018, owing to the ability of the product to treat chronic wounds by inhibiting metalloproteinase
Asia Pacific is projected to witness a remarkable CAGR of 6.5% in near future, owing to the increasing consumption of healthcare and cosmetic products in the region
A majority of market players offering native collagen are forward integrated across the value chain and also offer extracted products

Lubricants Market Size Worth $167.5 Billion By 2027

The global lubricants market size is projected to reach USD 167.5 billion by 2027, expanding at a CAGR of 3.6%, according to a new report by Grand View Research, Inc. The demand for lubricants is driven by the growth in major end-use industries, especially marine and aerospace. However, the consumption was dominated by the industrial and automotive sectors together contributing to a market share of 93.1% in 2019.

Aerospace lubricants are projected to lead the growth as they provide long-lasting lubrication for various components and increase reliability, in order to operate efficiently in extreme temperatures and high vacuum. The aerospace components have high maintenance due to the increasing regulatory interventions, owing to their ability to carry a large number of people. In addition, aircraft are gaining high demand from the defense industry and lubricants are of utmost importance to make these vehicles compliant with specific military standards. The demand for aircraft is projected to witness positive growth due to the rise in defense budgets. Countries including U.S., India, Germany, and Brazil have made a considerable progress in defense, which is projected to boost the aerospace industry globally.

The aerospace lubricants find significant application in pistons as they reduce over 50.0% of the friction and contribute to better fuel efficiency. The substance also acts as a viscosity improver, sealant, and coolant in engine assemblies. Straight mineral oil with zero dispersants is usually recommended by manufacturers for the first 50-hour break-in period on new or newly overhauled engines.

On the other hand, the marine industry in North America is experiencing a renaissance and has a major contribution to national, economical, and homeland security. The domestic marine transportation industry is a major support for the energy infrastructure with the movement of refining petroleum, crude products, and chemicals, especially after the shale oil revolution. The shipbuilding industry is growing at an accelerated rate. The construction of several types of vessels which include roll-on/roll-off vessels, offshore supply vessels, containers has greatly increased in recent years, thereby boosting market growth.

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https://www.grandviewresearch.com/industry-analysis/lubricants-market

Further key findings from the report suggest:

Aerospace led the market in terms of growth due to the rise in production of commercial aircraft. The production of aircrafts is growing due to the increase in lavish lifestyles among middle class population across the globe
Gas turbine oils are the most widely consumed aerospace lubricants with a share of 42.2% in terms of value in 2019. The oil allows faster piston ring seating and allows the accumulation of some advantageous deposits which lead to better oil loss control. These factors are expected to further boost product demand over the forecast period
The global trade of lubricants is divided into three major blocks comprising of European chemical trade, ASEAN trade, and North America free trade area. The European and North American blocks account for around 40.0% of the overall trade
Latin America is projected to formulate several trade strategies in order to attract Foreign Direct Investment (FDI) for the infrastructure development and is thus expected to witness a CAGR of 3.5% from 2020 to 2027
Royal Dutch Shell leads the market with an overall share of 11.0% followed by ExxonMobil Corporation with 9.7% market share. Currently, Royal Dutch Shell operates 5 base oil facilities, 40 blending facilities, and 10 grease plants.

Lubricants Market Size Worth $167.5 Billion By 2027

Click the link below:
https://www.grandviewresearch.com/industry-analysis/lubricants-market

Further key findings from the report suggest:

Aerospace led the market in terms of growth due to the rise in production of commercial aircraft. The production of aircrafts is growing due to the increase in lavish lifestyles among middle class population across the globe
Gas turbine oils are the most widely consumed aerospace lubricants with a share of 42.2% in terms of value in 2019. The oil allows faster piston ring seating and allows the accumulation of some advantageous deposits which lead to better oil loss control. These factors are expected to further boost product demand over the forecast period
The global trade of lubricants is divided into three major blocks comprising of European chemical trade, ASEAN trade, and North America free trade area. The European and North American blocks account for around 40.0% of the overall trade
Latin America is projected to formulate several trade strategies in order to attract Foreign Direct Investment (FDI) for the infrastructure development and is thus expected to witness a CAGR of 3.5% from 2020 to 2027
Royal Dutch Shell leads the market with an overall share of 11.0% followed by ExxonMobil Corporation with 9.7% market share. Currently, Royal Dutch Shell operates 5 base oil facilities, 40 blending facilities, and 10 grease plants.

Metal Cutting Machine Market Size Worth $9.79 Billion By 2025

The global metal cutting machine market size is expected to reach USD 9.79 billion by 2025, accordingto a new report by Grand View Research, Inc. increasing demand from automotive industry has been a key factor driving market growth, globally. In addition, robust growth in various application industries such as electronics, defense, marine, construction and aerospace is also fueling the demand.

Automotive segment held the largest market share in 2016 owing to a wide-scale usage of the product in wide range of exterior and interior components of automotive such as passenger cars, SUV’s, and HUV’s. The robust growth in automotive industry across the world is further driving the segment growth. MCMs are witnessing an increasing demand, which is anticipated to spur at a faster pace on account of the rising need for advanced automatic machines to increase production efficiency and avoid operator’s hazardous issues.

Laser machine accounted as the largest product segment in 2016 and is anticipated to grow significantly over the upcoming years. Laser machines are extensively used for industrial manufacturing applications to produce high-quality surface finish objects. It is widely used in the shipbuilding and aerospace manufacturing process.

In marine industry, these machines are extensively used by the industry players for ship repair and fabrication of equipment. It consists of patrol boats, aircraft carriers, tankers, luxury liners, tugs, barges, large seagoing vessels for containers, and other cargo ships. Cutting machines are used to cut parts for hatches, skin of the vessel, block parts, stiffener plates, drains, the skeleton, and pipes.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/metal-cutting-machine-market

Further key findings from the report suggest:

The global metal cutting machine demand was USD 5.99 billion in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025. Automotive emerged as the largest application segment in 2016 and is expected to grow at a predicted CAGR of 6.5% between 2017 and 2025.
Global demand for flame cutting machine was USD 333.7 million in 2016 and is anticipated to witness staggered growth over the next eight years. The U.S. market in defense & aerospace segment was USD 511.1 million in 2016 and is projected to grow at rate of 4.2% from 2017 to 2025
The metal cutting machine market in Asia Pacific is projected to experience substantial growth over the next eight years owing to robust growth in various application industries, especially in the automotive and defense & aerospace market. In terms of revenue, the APAC market is expected to grow at a CAGR of 6.7% between 2017 and 2025
Key players including Lincoln Electric Holdings, Inc., TRUMPF GmbH + Co. KG, Nissan Tanaka Corporation, Bystronic Laser AG, and Koike Aronson, Inc., dominated the global market.