Latest news with #marketGrowth
Yahoo
10 hours ago
- Business
- Yahoo
Data Center Busway Market is Forecasted to Reach US$ 9.4 Billion in 2031, Says Stratview Research
Detroit, June 20, 2025 (GLOBE NEWSWIRE) -- The global data center busway market size was valued at US$ 3.2 billion in 2024 and is projected to reach US$ 9.4 billion by 2031, witnessing a market growth CAGR of 16.3% from 2024 to 2031, according to an analysis by Stratview Research. Stratview Research, a global market research firm, has launched a report on the global data center busway market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. Click here to get a free sample of the report: Market Statistics Market Size in 2024 US$ 3.2 billion Market Size in 2031 US$ 9.4 billion Growth (CAGR) 16.3% during 2024-2031 Cumulative Sales Opportunity 2025 to 2031 US$ 54.5 billion Leading Product Type Track busway Leading Voltage Type Low-voltage busway Leading Data Center Type Colocation data centers Leading Region North America Forecast Period 2024-2031 Trend Period 2018-2022 Base Year 2023 Number of Segments Covered 4 Number of Tables & Graphs 100+ Country-Level Market Assessment 20 Segment Insights & Market Share Analysis of the Data Center Busway Market: The global data center busway market is segmented based on product type, voltage type, data center type, and region. Based on product type – The data center busway market is classified into sandwich-style busway, track busway, and air-insulated busway based on product type. Sandwich-style busways are estimated to remain dominant in the forecasted period. The dominance of sandwich-style busways is attributed to their compact size, improved power density, and better thermal performance, allowing them to be the first choice for large-capacity and high-power data centers. Track busways are estimated to grow at the highest rate, owing to benefits like future expansion compatibility and easier installation. On the other hand, the most rapid growth is powered by its scalability, modular nature, and ease of expansion. With the increasing adoption of AI and cloud computing, data centers increasingly need more flexible and easily reconfigurable power distribution solutions, thereby driving the demand for track busways. Based on voltage type – The market is segmented into low-voltage and medium-voltage busways. The low-voltage busway is expected to generate the most demand, as it is widely employed within distribution networks and data halls to meet the power needs of IT equipment and racks. However, the medium-voltage busway is the most rapidly developing category, and it is fueled by the increasing power requirements of hyperscale and AI-based data centers, which need high-capacity power distribution systems for effective management of growing loads. As data centers grow in density and scale, the adoption of medium-voltage busway is gaining traction due to advantages like minimized transmission loss, better power efficiency, and greater next-generation scalability. To know the most attractive segments, click here for a free sample of the report: Which region shows the most promising growth forecast and opportunity? The analysis suggests that North America is expected to remain the largest market. This growth outlook is mainly attributed to the following– The high density of hyperscale data centers, sophisticated digital infrastructure, and the pronounced presence of major cloud services in the form of AWS, Microsoft, and Google. Strict regulations regarding energy efficiency and sustainability fuel the use of cutting-edge power distribution solutions like busways in data centers throughout the region. Likewise, Asia-Pacific is experiencing the fastest growth, propelled by accelerated digitalization, enhanced cloud adoption, and heavy data center infrastructure investment in China, India, and Southeast Asia. The growth in AI workloads, hyperscale facility expansion, and government-sponsored data localization drive the demand for high-efficiency power distribution technologies such as busways even higher, making the Asia-Pacific a major growth driver in the international market. Data Center Busway Market Drivers: Some of the key drivers listed in the report are given below. The growing demand for scalable and energy-efficient power distribution in data centers is a key driver for the busway market. As businesses increasingly rely on cloud computing, big data, and AI-driven applications, data centers must expand rapidly while ensuring optimal energy management. Busway systems offer a modular and flexible solution, reducing downtime and installation costs compared to traditional cable-based power distribution. Their ability to enhance power density, minimize heat loss, and improve operational efficiency makes them an attractive choice for modern IT infrastructures. Competitive Landscape: Top 10 Companies in the Data Center Busway Market: The market is highly consolidated, with 5-6 players dominating more than 75% of the market. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players: Schneider Electric SE ABB Company Vertiv Holdings Co. Eaton Corporation PLC Siemens AG Legrand Group Cummins Inc. Mitsubishi Electric Company S&C Electric Company, Inc. Delta Electronics Inc. What Deliverables Will You Get in This Report? Key questions this report answers Relevant contents in the report How big is the sales opportunity? In-depth analysis of the Data Center Busway Market How lucrative is the future? Market forecast and trend data and emerging trends Which regions offer the best sales opportunities? Global, regional, and country-level historical data and forecasts Which are the most attractive market segments? Market segment analysis and forecast Who are the top players and their market positioning? Competitive landscape analysis, Market share analysis How complex is the business environment? Porter's five forces analysis, PEST analysis, Life cycle analysis What are the factors affecting the market? Drivers & challenges Will I get the information on my specific requirements? 10% free customization For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@ Related Reports: Data Center Routers Market Data Center Switchgear Market About us – Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries. It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions. Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more. Are you looking for any specific data customized to your objectives? We are just an email away. CONTACT: Stratview Research Visit : Mail Us : sales@ Call Us : +1-313-307-4176Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Globe and Mail
13 hours ago
- Business
- Globe and Mail
Blood Cell Factors Market Expected to Touch USD 4.31 Bn by 2032, CAGR of 3.6% Detailed in New Report
The global blood cell factors market growth is driven by the increasing prevalence of blood disorders, advancements in healthcare infrastructure, and rising demand for effective treatments. Additionally, growing awareness about blood cell factors and their role in treating various blood-related conditions are expected to fuel the market growth. Blood Cell Factors Market Insights The Blood Cell Factors industry is experiencing robust expansion driven by rising hemophilia treatment demand and novel biologics pipelines. This expert analysis explores market size, dynamics, and actionable insights to guide strategic decision-making in 2025–2032. The Global Blood Cell Factors Market size is estimated to be valued at USD 3.37 Bn in 2025 and is expected to reach USD 4.31 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 3.6% from 2025 to 2032. According to the latest Blood Cell Factors market size assessment and Blood Cell Factors market report, global market revenue surpassed USD 3.4 Bn in 2024, indicating an upward shift in market share across major regions. This market forecast underscores expanding industry size and business growth opportunities. Market Key Takeaways: Region: • North America: Strong R&D investments in recombinant factors drive advanced product launches. • Latin America: Rising healthcare infrastructure improvements accelerate treatment adoption. • Europe: Regulatory harmonization fosters cross-border supply chains. • Asia Pacific: Expanding manufacturing capacity and favorable pricing boost volume. • Middle East: Government-backed hemophilia programs underpin demand growth. • Africa: Emerging import channels and NGO support enhance access. Segment Covers: • Product Type: – Recombinant Factors: Example: Amgen's 2024 launch of Factor VIII rAHFV captured 42% of new biologics uptake. – Plasma-Derived Factors: Sanofi's Purified FVIII retains stable pricing leadership in 2025. – Gene Therapy Platforms: Early-stage pipelines by Regeneron target one-dose cures. • Application: – Hemophilia A/B: Eli Lilly's factor IX pegylated formulation grew 28% in 2024 revenues. – Von Willebrand Disease: Pfizer's new multi‐domain VWF therapy gained EMA approval in 2024. • End User: – Hospitals & Clinics: Accounted for 65% of procurement in 2024. – Specialty Centers: Focused infusion protocols drive repeat purchase patterns. Growth Factors: • Rising Prevalence of Coagulation Disorders: The global hemophilia population increased by 4.5% between 2023 and 2024, driving factor consumption. • Strategic Partnerships: In 2024, Roche's collaboration with a biotech startup increased manufacturing capacity by 15% and expanded contract manufacturing revenue by USD 80 Mn. • Blood Cell Factors market share gains hinge on targeted rebates and patient support programs in North America and Europe, lifting volume growth despite pricing pressures. • Increased public funding for rare diseases in Japan and Australia boosted factor adoption by 12% in 2024. Book the Latest Edition of this Market Study Get Up to 25 % Discount: Market Trends: • Personalized Medicine: Tailored dosing algorithms using AI-driven pharmacokinetic models reduced bleed rates by 30% in 2024 trials. • Biosimilar Entrants: Novartis's pipeline biosimilar of FVIII (expected 2025 launch) is projected to undercut reference pricing by 20%. • Digital Adherence Tools: Mobile infusion tracking apps improved on-time dosing by 18% across 2024 real-world studies. • Blood Cell Factors market trends indicate heightened M&A activity—with Teva's acquisition of a plasma facility in 2024 enhancing Asia Pacific supply by 25%. Actionable Insights: • Production Capacity: Global recombinant factor capacity rose to 150 kg in 2024, up 10% YOY, enabling wider supply. • Pricing Benchmarks: Median USD 0.85/IU for FVIII in Western Europe vs. USD 0.65/IU in Asia Pacific illustrates import-driven discounts. • Exports & Imports: Asia Pacific exported USD 220 Mn of plasma-derived factors in 2024, while Africa imported USD 90 Mn, reflecting demand-supply gaps. • Use-Case Volumes: Hospital procurement volumes for prophylactic regimens grew 14% in Latin America in 2024, outpacing on-demand therapy. • Nano-Indicators: Patient registry expansions in the Middle East added 5,000 new documented cases in 2024, informing localized forecasting models. • Blood Cell Factors market revenue analyses highlight cost-per-patient as a leading macro-indicator for future investment. Key Players: • Amgen Inc. • Johnson & Johnson • Roche Holding AG • Novartis AG • Pfizer Inc. • Bristol-Myers Squibb Company • Eli Lilly Company • Gilead Sciences Inc. • Sanofi S.A. • Merck & Co. Inc. • Teva Pharmaceutical Industries Ltd. • AbbVie Inc. • Celgene Corporation • Takeda Pharmaceutical Company Limited • Regeneron Pharmaceuticals Inc. Get Customization on this Report: Competitive Strategies: – Roche's 2024 capacity partnership with Biogen boosted contract revenues by USD 80 Mn and reduced production costs by 12%. – Novartis's biosimilar rollout strategy undercut reference FVIII pricing by 20%, capturing 8% market share in Europe within six months. – Pfizer's bundled care agreements with specialty clinics in North America in 2024 increased annualized purchases by 22%. Frequently Asked Questions 1. Who are the dominant players in the Blood Cell Factors market? Major players include Amgen, Roche, Novartis, Pfizer, and Sanofi, each commanding significant market share through diversified portfolios and strategic alliances. 2. What will be the size of the Blood Cell Factors market in the coming years? The market is forecast to grow from USD 3.37 Bn in 2025 to USD 4.31 Bn by 2032 at a 3.6% CAGR. 3. Which end-user industry has the largest growth opportunity? Hospitals & clinics represent the largest segment, accounting for over 65% of revenues in 2024, driven by prophylactic treatment mandates. 4. How will market development trends evolve over the next five years? Trends include AI-enabled dosing, gene therapy maturation, and biosimilar price competition, reshaping market dynamics and business growth strategies. 5. What is the nature of the competitive landscape and challenges in the Blood Cell Factors market? Intense R&D races, biosimilar threats, and supply-chain complexities define the competitive landscape, while high manufacturing costs remain a key restraint. 6. What go-to-market strategies are commonly adopted in the Blood Cell Factors market? Strategies include co-development partnerships, patient support services, value-based contracts, and digital adherence platforms to drive uptake and retention. About Coherent Market Insights Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Yahoo
2 days ago
- Business
- Yahoo
Gear Pump Market Size is Predicted to Reach US$ 15.40 Billion by 2031, Expanding at a CAGR of 4.9%
NEW YORK, June 18, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the global gear pump market is observing significant growth owing to the strict rules regarding noise pollution across the industrial sector. External and internal are the two major types of gear pumps. Manufacturers procure specific grades of materials from raw material suppliers and process them further to develop the final product. The report runs an in-depth analysis of market trends, key players, and future opportunities. To explore the valuable insights in the Gear Pump Market report, you can easily download a sample PDF of the report - Overview of Report Findings Market Growth: The global gear pumps market was estimated at US$ 11.22 billion in 2024, and is expected to reach US$ 15.40 billion in 2031 with a CAGR of 4.9% during the forecast period. Gear oil pumps are designed to transfer thick lubricants efficiently. These pumps can handle viscosities ranging from 0.1 to 1,000,000 centistokes (cSt), and some specialized models can handle viscosities beyond 1,000,000 cSt. One of the key advantages of gear pumps is their ability to maintain efficiency even with variations in viscosity. This makes them well-suited for temperature-sensitive applications where fluid properties may change. Many manufacturers are focusing on creating more energy-efficient gear pump solutions to meet the diverse needs of various industries. For instance, ZEILFELDER gear pumps are engineered to deliver optimal performance while minimizing energy consumption. Due to their energy efficiency, the demand for gear pumps continues to grow, especially in applications that require energy-saving solutions. Surging Demand in Petrochemical Industry: TotalEnergies and the Saudi Arabian Oil Company are joining forces to develop a state-of-the-art refining and petrochemical infrastructure in Saudi Arabia. In December 2022, both partners made their final investment decision to build a petrochemical complex connected to the SATORP refinery. This new initiative, called "Amiral," aligns with TotalEnergies' strategy to sustainably produce petrochemicals from feedstocks by leveraging synergies within its major integrated platforms in growth markets. As production increases to meet the rising demand from sectors such as automotive, packaging, and home goods, the petrochemical industry is increasingly relying on gear pumps for their efficiency, reliability, and ability to handle fluids of varying viscosity under high pressure. In petrochemical applications, gear pumps are used to manage a wide range of materials, including pitch, bitumen, lubricating oils, and crude oils. They are also crucial for transferring hazardous substances like sodium silicate, mixed chemicals, and acids. The growing capacity of petrochemical production is driving an increased demand for advanced gear pumps. Integration of Smart Technology, Modular Designs, and Advanced Sustainable Technologies: The gear pump market is experiencing significant technological advancements aimed at enhancing efficiency, reliability, and adaptability to meet the evolving demands of various industries. The integration of IoT and smart technology into gear pumps enables real-time monitoring of pump operations, including temperature and pressure. With IoT connectivity, operators can remotely track performance and perform predictive maintenance, reducing downtime and boosting overall system reliability. This development is particularly valuable in industries that require continuous operation, such as manufacturing and process sectors. Additionally, manufacturers are creating smart gear pumps equipped with robotics. For instance, the Robotic Paint Gear (RPG) pump by Sames combines rapid color change capabilities with a compact design, ensuring both minimal paint loss and high flowrate output. Growing Mergers and Acquisitions: Market players are expanding their manufacturing and distribution capabilities to meet the growing demand for gear pumps across industries such as oil & gas, water & wastewater management, chemicals, and more. In June 2024, Ingersoll Rand Inc., a global leader in mission-critical flow creation and industrial solutions, announced its acquisition of ILC Dover (ILC). This follows previous acquisitions of Complete Air and Power Solutions (CAPS), Del PD Pumps & Gear Pvt Ltd. (Del Pumps), and Fruvac Ltd. (Fruitland Manufacturing), with a combined purchase price of around US$ 150 million. Del Pumps, based in India, manufactures rotary, twin, and triple-gear pumps for liquid loading, unloading, transfer, and pressurization. This acquisition will enhance Ingersoll Rand's portfolio of high-margin, mission-critical pumping solutions, benefiting industries like life sciences, food and beverage, medical, natural gas, and wastewater treatment. Geographical Insights: In 2024, Asia Pacific led the gear pump market with a substantial revenue share, followed by North America and Europe. Asia Pacific is expected to register the highest CAGR during the forecast period. Market Segmentation Based on type, the gear pump market is bifurcated into internal gear pumps and external gear pumps. The external gear pump segment held a larger market share in 2024. Based on pressure range, the gear pump market is segmented into up to 100 bar, 100–300 bar, and above 300 bar. The 100–300 Bar segment held the largest share of the market in 2024. Based on end-use industry, the gear pump market is segmented into food and beverage, industrial and material handling machines, chemical and petrochemical, oil and gas, automotive, water treatment, aerospace, and others. The industrial and material handling machines segment held the largest share of the market in 2024. The gear pump market is segmented into five major regions: North America, Europe, APAC, the Middle East & Africa, and South America. Stay Updated on The Latest Gear Pump Market Trends: Competitive Strategy and Development Key Players: A few major companies operating in the gear pump market are Jihostroj a.s.; Bosch Rexroth AG; Danfoss AS; Bucher Hydraulics GmbH; Parker Hannifin Corp; Kawasaki Heavy Industries Ltd; CASAPPA S.p.A.; Bailey International LLC; HYDAC International GmbH; Eaton Corp Plc; Marzocchi Pompe S.p.A.; KYB Corporation; Viking Pump, Inc.; and Gorman-Rupp Pumps. Trending Topics: Dynamic pumps market, centrifugal pumps market, etc. Global Headlines on Gear Pump Parker Hannifin, a global provider of motion and control technologies, announces the creation of a comprehensive network of Certified Pump & Motor Service Centers across Europe, the Middle East, and Africa (EMEA). The initiative is designed to meet the demands of customers in both mobile and industrial sectors, offering quick delivery of hydraulic pumps, as well as expert repair and refurbishment services. Kawasaki Heavy Industries, Ltd. has resolved, at its Board of Directors meeting held on November 8, 2024, that the company will sell 20% of the outstanding shares of its consolidated subsidiary Kawasaki Motors, Ltd. to Kawasaki Motors, and Kawasaki Motors will conduct a third-party allotment to ITOCHU Corporation, whereby 20% of the outstanding shares of Kawasaki Motors will be allocated to ITOCHU. Conclusion With an increase in oil and gas production, the demand for gear pumps is expected to rise globally. These pumps are used in a variety of applications in crude oil transportation facilities and refineries, among others. They are highly recognized for their capacity to handle viscous fluids with ease. These pumps are used extensively in the oil and gas sector for lubrication, hydraulic systems, and fuel transfer. They guarantee that machinery runs smoothly during exploration, extraction, and refining operations. The report from The Insight Partners, therefore, provides several stakeholders—including raw material providers, manufacturers, suppliers and distributors, and end users—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Purchase Premium Copy of Global Gear Pump Market Size and Growth Report (2021-2031) at: Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us:If you have any queries about this report or if you would like further information, please contact us:Contact Person: Ankit MathurE-mail: +1-646-491-9876 Press Release - Logo: View original content: SOURCE The Insight Partners Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
28-05-2025
- Automotive
- Associated Press
Latin America & Caribbean Automotive Tire Market Share Analysis and Forecast Report 2025-2033 Featuring Hankook, Continental, Michelin, Pirelli, Yokohama, and Bridgestone
DUBLIN--(BUSINESS WIRE)--May 28, 2025-- The 'Latin America & Caribbean Automotive Tire Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to offering. The Latin America & Caribbean Automotive Tire Market is valued at USD 4.08 billion in 2024 and is expected to reach USD 5.56 billion by 2033, growing at 3.51% CAGR from 2025 to 2033. Increasing demand for commercial and passenger vehicles, growing transportation infrastructure, and rising ownership of vehicles in developing economies across the region are driving the market. In Latin America & the Caribbean, auto tires are on the rise owing to higher ownership of vehicles, increasing road networks, and rising middle class. Tires are used for varied transportation purposes across urban and rural areas, ranging from passenger cars and motorcycles to buses and commercial vehicles. The market comprises original equipment tires for new vehicles as well as replacement tires for vehicles already in service. With mobility rising and tourism booming in island nations and mainland states, the market for affordable and trustworthy tires has also seen a spike. The use of all-terrain and environmentally friendly tire models is also increasing, which shows consumer preference for durability, fuel efficiency, and eco-friendliness in the region. Latin America & Caribbean Automotive Tire Market Growth Drivers Growing Automotive Fleet and Increasing Vehicle Ownership Growing demand for personal and commercial vehicles is driving tire consumption in Latin America & the Caribbean. Increased disposable incomes, urbanization, and enhanced road infrastructure have spurred increased vehicle ownership levels in Brazil, Mexico, and Argentina. As the region continues to experience steady growth in new vehicle sales, there is a parallel increase in demand for original equipment manufacturer (OEM) tires and replacement tires. The market for used cars is also growing, further increasing the demand for cost-effective, long-lasting replacement tires in urban and rural regions. Jun 2024, The International Organization of Motor Vehicle Manufacturers (OICA) states that New vehicle registrations in Latin America rose by 7.65% in 2023, reaching 5.35 million cars. The main contributors were Brazil, at 2.30 million registrations (43%), and Mexico, at 1.41 million (27%), accounting for a combined 70% of the region's total. Expansion of E-commerce and Tire Retail Channels The development of digital platforms and e-commerce has revolutionized the tire retail environment in the region. Customers are now able to access a range of tire brands and specifications through online marketplaces, ensuring competitive prices and increased convenience. This change in purchasing behavior, combined with higher internet penetration, is enabling the uptake of technologically superior tires. The increasing trend of buying tires online also prompts manufacturers and distributors to invest in digital infrastructure and last-mile delivery networks, particularly in rural or underserved markets. Nov. 2022,L Catterton, the world's largest consumer-focused private equity firm, said its Latin America fund will invest heavily in CantuStore, Brazil's largest omnichannel aftermarket tire retailer and distributor. The terms of the deal were not disclosed. Demand for Fuel-Efficient and All-Terrain Tires Increased fuel prices and poor road conditions in the region have increased demand for high-performance, fuel-efficient, and all-terrain tires. Consumers demand durable tires that perform in varying conditions - from hilly roads in Colombia to seaside roads in the Caribbean. The emphasis on environmental driving also spurs demand for low-rolling-resistance tires, which improve fuel efficiency. Tire manufacturers are reacting by introducing new products customized to local needs, further driving adoption in the personal and commercial vehicle markets. August 2024, The Latin Auto Parts Expo & Latin American Caribbean Tyre (Latin Tyre Expo) opened its doors at the Amador Convention Center in Panama. Prinx Chengshan presented its high-performance products, namely Prinx, Chengshan, Austone, and Fortune. The expo put a spotlight on the company's technology innovations in commercial, passenger, and special tyres, drawing an encouraging response for its performance products and quality services. Challenges in the Latin America & Caribbean Automotive Tire Market Economic Instability and Currency Fluctuations Most of the nations in the region experience macroeconomic instability, such as high inflation, political instability, and exchange rate volatility. These conditions heavily influence tire import prices, raw material costs, and consumer purchasing power. Consequently, price-conscious customers tend to postpone tire replacement or switch to lower-quality products, affecting revenue for premium tire manufacturers. In addition, currency devaluation in countries such as Argentina and Venezuela has hindered manufacturers from establishing stable pricing and profitability. Dependence on Imports and Limited Local Manufacturing The area heavily depends on tire imports, particularly high-end or niche segments including electric vehicle tires and run-flat tires. There is limited domestic manufacturing capacity, which generates longer lead times and higher prices. Tariffs, import charges, and logistics issues also impede the supply chain, particularly in island countries such as Cuba and the Dominican Republic. This excessive dependence on external suppliers also limits innovation and makes less diverse tire products unavailable to suit regional requirements. Key Players Analysis: Overview, Key Persons, Recent Developments, Product Portfolio, Revenue Key Attributes: Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Driver 4.2 Challenges 5. Latin America & Caribbean Automotive Tire Market 6. Market Share Analysis 6.1 Vehicle Types 6.2 Rim Size 6.3 Sales Channels 6.4 Country 7. Vehicle Types 7.1 Passenger Vehicle 7.2 Commercial Vehicle 7.3 Electric Vehicle 8. Rim Size 8.1 Less Than 15 Inches 8.2 15 To 20 Inch 8.3 More Than 20 Inches 9. Sales Channels 9.1 Oem (Original Equipment Manufacturer) 9.2 Aftermarket 10. Country 10.1 Brazil 10.2 Mexico 10.3 Argentina 10.4 Haiti 10.5 Cuba 10.6 Dominican Republic 10.7 Bahamas 10.8 Guatemala 10.9 Panama 10.10 Rest of Latin America and Caribbean 11. Porter's Five Forces 11.1 Bargaining Power of Buyers 11.2 Bargaining Power of Suppliers 11.3 Degree of Rivalry 11.4 Threat of New Entrants 11.5 Threat of Substitutes 12. SWOT Analysis 12.1 Strength 12.2 Weakness 12.3 Opportunity 12.4 Threat 13. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: CARIBBEAN LATIN AMERICA INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/28/2025 07:32 AM/DISC: 05/28/2025 07:31 AM
Yahoo
19-05-2025
- Business
- Yahoo
Asia-Pacific Silicone Elastomers Market Report 2024-2025 & 2034, Competitive Analysis of Shin-Etsu Chemical, China National Bluestar, and Wynca Group
The Asia-Pacific silicone elastomers market is set to grow from $2.87 billion in 2024 to $5.42 billion by 2034, at a CAGR of 6.55%. This growth is driven by rising demand in the electronics, healthcare, and automotive sectors. Silicone elastomers are valued for their thermal stability, flexibility, and durability. Innovations in formulations and technology, along with increased R&D investments by APAC manufacturers, are enhancing their utility in high-performance applications. Key players include Shin-Etsu, Bluestar, and Wynca. Asia-Pacific Silicone Elastomers Market Dublin, May 19, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Silicone Elastomers Market: Focus on End-Use Industry, Type, Process, and Country Level Analysis - Analysis and Forecast, 2024-2034" has been added to offering. The Asia-Pacific silicone elastomers market is anticipated to expand from $2.87 billion in 2024 to $5.42 billion by 2034, achieving a CAGR of 6.55% The report offers critical strategies across products and innovation, growth and marketing, and competitive frameworks, tailored specifically for the Asia-Pacific market. With a product strategy geared towards leveraging eco-friendly solutions and keeping pace with market technologies, the report guides organizations in capturing market opportunities and establishing competitive advantages. This growth is primarily driven by burgeoning demand from the electronics, healthcare, and automotive sectors. The intrinsic properties of silicone elastomers, such as superior thermal stability, flexibility, and resilience in challenging environments, are critical for high-performance applications. With technological advancements and sophisticated formulations, the market is further bolstered by trends like electronics miniaturization and an increased need for durable materials in medical and automotive applications. Continuous investments in R&D and manufacturing innovations are also playing a pivotal role in meeting evolving industry the industries across the APAC region pursue sustainable and efficient solutions, silicone elastomers are positioned to significantly influence technological advancement and regional industrial growth. Substantial investments in R&D, alongside improvements in manufacturing, are propelling the development of next-generation elastomers that offer enhanced performance and cost-effectiveness. Additionally, governmental encouragement of sustainable industry practices contributes to market momentum. The region's thriving electronics and automotive sectors, coupled with the healthcare industry's dependence on advanced medical devices, underscore silicone elastomers' crucial role in ensuring reliability and performance. Among the prominent companies profiled are: Shin-Etsu Chemical Co., Ltd. China National Bluestar (Group) Co., Ltd. Wynca Group (Zhejiang Xin'an Chemical Group Co., Ltd.) Key Attributes: Report Attribute Details No. of Pages 74 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $2.87 Billion Forecasted Market Value (USD) by 2034 $5.42 Billion Compound Annual Growth Rate 6.5% Regions Covered Asia Pacific Key Topics Covered: Executive SummaryScope and Definition1 Markets1.1 Silicone Elastomers Market: Current and Future1.2 Supply Chain Overview1.3 Research and Development Review1.4 Stakeholder Analysis1.5 Market Dynamics: Overview2 Regions2.1 Silicone Elastomers Market (by Region)2.2 Asia-Pacific3 Company Profile3.1 Next Frontiers3.2 Geographic Assessment3.3 Company Profiles4 Research Methodology4.1 Data Sources4.2 Market Estimation and ForecastCompanies Featured Shin-Etsu Chemical Co., Ltd. China National Bluestar (Group) Co., Ltd. Wynca Group (Zhejiang Xin'an Chemical Group Co., Ltd.) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Asia-Pacific Silicone Elastomers Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
