Automotiveinterior materials market is anticipated to reach USD 66.5 billion by 2025 : Grand View Research, Inc.

The global automotiveinterior materials market is anticipated to reach USD 66.5 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to witness a high growth rate owing to increase in demand for lightweight passenger vehicles. 

Factors such as improved economic conditions and rapid urbanization are likely to fuel the automotive interior materials market. In addition, there has been a rise in demand for personalization of cars, which will further create a positive outlook for this market.

Growth in interest for attractive automobile interiors, coupled with improved economic conditions in developing regions, is expected to boost this market over the forecast period. Market players are likely to focus on product differentiation and expanding their product catalog in order to grab market opportunities over the forecast period.

Presence of multiple leading market players has led to increased competitive rivalry within the market for automotive interior materials. Focus on product differentiation and expansion is expected to be the key to market dominance over the forecast period. Leading players have expressed interest in expanding their distribution channels as well as investing in mergers and acquisitions to strengthen their global reach in the market for automotive interior materials.

Full research report on automotive interior materials market analysis:
https://www.grandviewresearch.com/industry-analysis/automotive-interior-materials-market

Further key findings from the report suggest:

·         By product, plastic accounted for a revenue share of 43.6% in 2016. Plastics are used in lightweight vehicles, which have gained consumer preference in recent years

·         Composite products accounted for a revenue share of 10.2% in 2016 and is projected to grow at a CAGR of 5.3%. This can be attributed to rise in demand for lightweight and fuel-efficient vehicles

·         Dashboard held a share of 33.0% by application in 2016 and is expected to witness significant growth over the forecast period. Plastics and composites are likely to be utilized in dashboard applications by automotive manufacturers due to their low cost and high durability

·         Asia Pacific held the highest revenue share of 53.0% by region in 2016 and is estimated to dominate the market over the forecast period. This dominance can be attributed to increase in demand for vehicles from developing countries such as India and China

·         Regional expansion by way of mergers and acquisitions, along with new product development, is a key strategy adopted by major market players in order to strengthen their position globally. Players are focused on innovating new products with multiple applications to expand their product portfolio

·         In June 2016, Lear Corporation signed an agreement to construct a technology complex in Shanghai, China. The aim of the agreement was to boost the company’s business in China and rest of Asia Pacific, thus creating a pathway for long-term growth in the developing region.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the global automotive interior materials market on the basis of product, application, vehicle type, and region:

Automotive Interior Materials Product Outlook (Revenue, USD Million, 2014 - 2025)

·         Leather

·         Composite

·         Plastic

·         Metals

·         Fabric

Automotive Interior Materials Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Dashboard

·         Seats

·         Airbags & Seat belts

·         Door panel & trims

·         Carpet and headliners

·         Others

Automotive Interior Materials Vehicle Type Outlook (Revenue, USD Million, 2014 - 2025)

·         Passenger Vehicle

·         Light Commercial Vehicle

·         Heavy Commercial Vehicle

Automotive Interior Materials Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    China

o    India

·         Central & South America

o    Brazil

·         Middle East & Africa

Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-automotive-interior-materials-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: https://www.grandviewresearch.com/

Automotive Lubricants Market expected to reach USD 87.1 billion by 2025 : Grand View Research, Inc.

The global automotivelubricants market is expected to reach USD 87.1 billion by 2025, according to a new report by Grand View Research, Inc. High engine oil demand in passenger cars, diesel trucks, and light-duty trucks is expected to drive global automotive lubricants industry growth over the forecast period. 

Rise in middle class, urbanization, and growing disposable income in developing countries have led to greater passenger car sales. On a parallel level, economic growth in these regions has promoted trade, leading to the growth of transportation sector. These factors combined have led to increased lubricants consumption.

Engine oil segment is the largest contributor to automotive lubricants market which was around USD 34 billion in 2016.  Engine oil is widely used in passenger cars, diesel trucks, and light-duty trucks. They help to maintain the viscosity, ensure dependability and reduce engine wear. Increasing drain intervals and formulation of high performance oils to impact their consumption, thereby growth.

Full research report on automotive lubricants market analysis: http://www.grandviewresearch.com/industry-analysis/automotive-lubricants-market

Further key findings from the report suggest:

·         The global automotive lubricants market size was worth USD 57.2 billion in 2014 and is expected to grow at a CAGR of 3.7% from 2017 to 2025

·         Brake fluids accounted for over 12% of the overall volume in 2016, with the segment expected to be the fastest growing from 2017 to 2025

·         Bio-based lubricants are gaining acceptance due to their bio-based origin coupled with stable raw material prices and availability. Favorable government regulations for the usage of bio-based materials are further expected to influence the global industry growth positively

·         Asia Pacific is the largest consumer with the region characterized by high passenger car sales and a rapidly developing aftermarket. The region is expected to grow at a CAGR of 3.5% from 2017 to 2025

·         The U.S. is a highly matured region for the industry with its dynamics influenced by high level of product innovation, concentration of global majors, and a well-established regulatory framework

·         Grease is projected to register the highest price growth whereas coolants will witness slowest price growth during the forecast period. Availability of advanced coolants and standard production process are helping the prices to be maintained through the forecast period 

·         Major industry participants include ExxonMobil, Royal Dutch Shell, Total SA and British Petroleum among others

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the global automotive lubricants market on the basis of product and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         Engine Oil

·         Gear Oil

·         Transmission Fluids

·         Brake Fluids

·         Coolants

·         Greases

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

o    Russia

·         Asia Pacific

o    China

o    India

o    Japan

o    South Korea

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

o    Saudi Arabia

o    UAE

o    South Africa

Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-automotive-lubricants-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: https://www.grandviewresearch.com/

4D Printing Market is expected to reach USD 313.1 million by 2025 : Grand View Research, Inc.

The global 4Dprinting market is expected to reach USD 313.1 million by 2025, according to a new report by Grand View Research, Inc. 4D printing is an advanced process for printing customizable smart materials where an object is 3D printed using a programmable material. It enables the material objects to adjust their appearance or shape over time by using internal or external stimuli, such as change in temperature or water immersion subjected to pressure, electric current, UV light, or other form energies. 4D printing, with its form changing tools, is estimated to revolutionize every industry on a global scale as the technology offers advantages of reduced resource consumption and energy wastage.

Researchers are increasingly emphasizing on 4D printing materials, primarily focusing at the microscopic level. Technologies incorporating shape memory alloys are developed wherein a temperature change results in the change of an object’s shape. Additionally, newer technologies are also utilizing electroactive polymers, pressurized fluids, smart materials, and chemicals.

Technology needs are ever increasing in today’s rapidly changing environment. The market is anticipated to witness a robust growth over the forecast period, which is ascribed to the increased demand for technological innovation in the fields of military & defense, automotive, aerospace, and healthcare, resulting in the rising adoption of 4D printing. Additionally, the latent scope for innovations and product development is likely to supplement the market demand over the coming years.

The increasing demand for reduction in the cost of manufacturing and processing is another major factor anticipated to accelerate the 4D printing market growth by 2025. Moreover, there is a growing demand for efficient material and resource management. The self-transforming property of the technology would lead to the use of limited materials for several purposes, which in turn would lead to reduced wastage of natural resources, thereby maintaining a sustainable environment. Thus, the increasing focus on ensuring a sustainable environment is likely to accelerate the demand in the near future.

The high development cost, growing insecurity of policy makers as the technology is yet to be commercialized, and rising issues related to intellectual property rights and potential safety hazards are some of the factors estimated to restrain the development of the 4D printing market. However, the increasing opportunities for key players are expected to overpower the aforementioned restraints, thereby driving the growth over the next few years.

Full research report on 4D printing market analysis:

http://www.grandviewresearch.com/industry-analysis/4d-printing-market

Further key findings from the report suggest:

·         The global 4D printing market is estimated to reach USD 64.5 million by 2019 and grow at a CAGR exceeding 33.2% from 2020 to 2025, which is primarily attributed to its rising demand in the military & defense, aerospace, automotive, and healthcare industries.

·         Programmable carbon fiber is anticipated to emerge as the largest product segment over the forecast period as it is extremely light and strong, like traditional carbon fiber; requires no complex electronics, actuators, or sensors; minimizes failure-prone mechanisms; and decreases the total weight of the product.

·         The military & defense sector is expected to be the largest contributor to the overall 4D printing market, accounting for more than 25% of the share in 2019, which is followed by the aerospace segment.

·         North America is anticipated to emerge as a dominant region for 4D printing market by 2025 owing to high investments in R&D in the region, which is boosting the 4D printing technology.

·         Key players such as Stratasys Ltd., Autodesk Inc., and Hewlett-Packard Inc. are estimated to dominate the market over the forecast period with their emphasis on expanding the market presence through a series of new product launches, announcements, and partnerships.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global 4D printing market based on materials, end use, and regions: 

4D Printing Material Outlook (Revenue, USD Million; 2019 - 2025)

·         Programmable Carbon Fiber

·         Programmable Wood - Custom Printed Wood Grain

·         Programmable Textiles

4D Printing End-Use Outlook (Revenue, USD Million; 2019 - 2025)

·         Military & Defense

·         Aerospace

·         Automotive

·         Textile

·         Healthcare

·         Others

Regional Outlook (Revenue, USD Million; 2019 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    UK

o    Germany

o    France

·         Asia Pacific

o    China

o    India

o    Japan

o    Singapore

o    Korea

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa 

Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-4d-printing-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: https://www.grandviewresearch.com/