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Automotive Lubricants Market Expected to Reach $89,585 Million, Globally, by 2022

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Automotive Lubricants Market, published by Allied Market Research, forecasts that the global market was valued at $64,716 million in 2015, and is projected to reach $89,585 million by 2022, growing at a CAGR of 4.8% from 2016-2022. The engine oil segment held nearly two-thirds share of the global market in 2015.

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Automotive lubricants enhance the overall durability and functioning of a vehicle, and safeguard it from wear & tear, friction, and high temperatures. Increase in preference of consumers towards high-quality synthetic automotive lubricants is a key factor that drives the market growth. Automotive lubricants exemplify the futuristic technologies capable of manufacturing durable surfaces, maximizing the overall efficiency.

Growth in population and rise in income levels present numerous opportunities for market expansion. Moreover, growth of the overall automotive industry globally and rise in demand for high-quality lubricants are further anticipated to boost the overall growth. In addition, rise in consumption of synthetic lubricants, owing to their superior characteristic properties, such as low emission of volatile compounds and relatively thicker layer as compared to traditional mineral oil lubricants, is anticipated to supplement the global market. However, volatile prices of raw materials are anticipated to hinder the overall growth.

Automotive lubricants are expected to register the highest growth in passenger cars, owing to rise in per capita disposable income and growth in consumer preference towards new models with low emissions and high fuel efficiency. Furthermore, rapid urbanization and upsurge in personal mobility needs are expected to boost the market growth. Automotive lubricants possess advantages such as higher reliability, longer equipment life cycle, and cost reduction.

The engine oil application segment accounted around two-thirds share, in terms of volume, in 2015. In response to the perennial modifications in the automotive industry, efficient lubricants are in demand globally. Thus, increase in requirement of high-tech automotive lubricants and rise in adoption of new vehicles fuel the demand for automotive lubricants globally.

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Key findings of the Automotive Lubricants Market

• The synthetic lubricants segment is anticipated to grow at the highest CAGR during the analysis period.
• Asia-Pacific is projected to maintain its lead position from 2016 to 2022, growing at a CAGR of 3.6%, in terms of volume.
• The passenger cars segment occupied around half of the total market in 2015.
• India occupied around one-fourth share of the Asia-Pacific market in 2015.
• In terms of value, Germany is expected to grow at a significant CAGR of 4.7%.
In 2015, Asia-Pacific and LAMEA collectively accounted for nearly two-thirds of the global market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in China, India, Brazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and growth in overall consumer spending drive growth of the Asia-Pacific market.

The major companies profiled in the report include Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A., BP Plc., Chevron Corporation, PetroChina Company Limited, Valvoline, BASF SE, Indian Oil Corporation Ltd., and FUCHS Lubricants.

Fraud Detection and Prevention Market Expected to Reach $34,424 Million by 2022

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Fraud Detection and Prevention Market Report, published by Allied Market Research, states that the global market for fraud detection and prevention was valued at $11,770 million in 2015, and is expected to reach $34,424 million by 2022, growing at a CAGR of 16.7% from 2016 to 2022. The Banking, Financial Service & Insurance (BFSI) and manufacturing sector is expected to dominate the global fraud detection and prevention market. In the year 2015, North America was the leading contributor to the global revenue, whereas Asia-Pacific is projected to be the fastest growing market by 2022.

Emergence of big data analytics across various industries such as BFSI, retail, manufacturing, healthcare, real estate and others is expected to foster the adoption of fraud detection and prevention solutions. In addition, increasing demand for cloud computing solutions and growth in profilteration of mobile devices for payment are anticipated to drive the growth of fraud detection and prevention solutions, as this concept enables easy access to personally identifiable information such as email address, home address, banking and stored payment information. However, high installation cost of deploying varied prevention solutions including predictive analytics, big data analytics, customer analytics and others hinders the growth of global fraud detection and prevention market.

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In 2015, the BFSI segment accounted for the maximum revenue share in global fraud detection and prevention solutions market, owing to frequent incidents of fraudulent activities, specifically in digital transactions. Rise in demand for advanced authentication provides huge growth opportunities to the market in the government sector. In addition, the retail segment is projected to grow at a fastest CAGR of 18.4%, owing to increasing incidents of card related frauds, transactions and revenue loses.

In the solutions segment, authentication segment generated the highest revenue in 2015, as organizations are largely investing in technologies that can protect data from security risks and malware attacks. The fraud analytics solution is expected to grow at highest CAGR, as these solutions help in analyzing various forms of data and then covert them to actionable insights. In addition, increasing adoption of advanced analytics techniques and competitive intelligence that involves tactful data collection and collation, analysis and formation of meaningful insights that enables in making strategic business decisions supplements the market growth. Predictive analytics and big data analytics solutions are the two potential fraud analytics types, expected to witness considerably higher growth rates over the forecast period. Big data analytics and predictive analytics, together accounted for about 56% of the total fraud analytics market in 2015 and is expected to reach a market size of a market share of 58% by 2022.

In the year 2015, North America accounted for a major share of the global fraud detection and prevention market. Asia-Pacific is expected to be the fastest growing market by 2022 owing to increase in rate of internet penetration in countries such as India, China, Japan, Malaysia, and Singapore as organizations need to protect corporate and personal information from fraud attacks. Furthermore, the need to support secure enterprise mobility practices within organizations is expected to boost the demand for fraud detection and prevention solutions.

Key Findings of the Fraud Detection And Prevention Market Study:

  • In the year 2015, authentication type dominated the overall fraud detection and prevention solutions segment in terms of revenue, and is projected to grow at a CAGR of 16.1% during the forecast period.
  • Managed services are estimated to grow at the highest CAGR of 17.1% from 2016 to 2022.
  • On-Premises deployment type is anticipated to generate the highest revenue by 2022.
  • In the end-user segment, small and medium enterprises (SME) are projected to grow at the highest CAGR of 17.5%.
  • Among the industry verticals, retail is expected to witness the highest growth rate of 18.4%.
  • In the year 2015, North America generated the highest revenue in the global market.
  • Asia-Pacific is expected to grow at a remarkable CAGR of 17.8% during the forecast period.

Prominent players such as IBM Corporation, BAE Systems, SAP SE, Oracle Corporation, ACI Worldwide and Others focus on product launch, acquisition, and partnership for expansion in the market. For instance, in 2016, IBM Corporation acquired IRIS Analytics, a privately held company specializing in real time analytics to help combat fraud.

Automated Parcel Delivery Terminals Market to Garner $803 Million by 2022

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Automated Parcel Delivery Terminals Market Report, published by published by Allied Market Research, forecasts that the global market was valued at $294 million in 2014 and is projected to reach $803 million by 2022, growing at a CAGR of 14.2% from 2016 to 2022. The retail sector segment dominated the total end-user market in 2015.

The increasing customer needs has induced innovation in the postal industry in the form of automated parcel delivery terminals. These terminals are modern state-of-the-art delivery systems that enable convenient delivery and return options to the consumers.

Growth in cross-border deliveries, booming e-commerce business & internet penetration, and decline in operating costs are expected to drive the growth of the global automated parcel delivery terminals market. However, factors such as susceptibility to burglary, emergence of other competitive delivery technologies, and need for a large installation space for deployment are expected to hamper the market growth during the forecast period. Growth in emerging economies is expected to provide lucrative opportunities for the automated parcel delivery terminals market growth.

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In 2015, indoor terminal segment accounted for the maximum revenue share among the deployment types of automated parcel delivery terminals market. This is due to the increasing burglary susceptibility in outdoor terminals and the convenience associated in the operability of indoor terminals. In addition, indoor terminals are also expected to witness the fastest growth over the forecast period.

The retail sector dominated the global automated parcel delivery terminals market in 2015 owing to the massive growth in the e-retail sector. Furthermore, automated parcel delivery terminals enable the retailers to implement a cheaper, effective, and faster delivery model as compared to the conventional one.

The other sectors (large enterprises and educational institutions are projected to witness the highest growth rate among other end users of the automated parcel delivery terminals market.
LAMEA is estimated to grow at the highest rate due to flourishing e-commerce industry and increased infrastructural expenditure.

Key Findings of the Automated Parcel Delivery Terminals Market:

  • The retail sector is expected to exhibit a significant increase in the automated parcel delivery terminals market growth
  • Indoor terminals generated the highest revenue among other deployment types
  • LAMEA is projected to exhibit a substantial growth during the forecast period

The key players profiled in the report include Smartbox Ecommerce Solutions Pvt. Ltd., ByBox Holdings Ltd., Neopost group, Winnsen Industry Co., Ltd., InPost S.A., TZ Ltd., ENGY Company, LL OPTIC (Loginpost), Cleveron Ltd., and Keba AG.

How distributed control system (DCS) increases reliability and reduces installation costs

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Distributed Contrl System

A distributed control system (DCS) is a computerized control system for a process or plant, in which autonomous controllers are distributed throughout the system, but there is central operator supervisory control. This is in contrast to non-distributed control systems that use centralized controllers; either discrete controllers located at a central control room or within a central computer.

Distributed Control Systems (DCS) Market report, published by Allied Market Research, forecasts that the global market is expected to garner $24,609 million by 2022, growing at a CAGR of 5.2% during the period 2016 – 2022. Factors such as increase in demand in power and energy sectors, emergence of open source DCS solutions, and cost & time effectiveness drive the global market. Asia-Pacific is expected be the largest market for DCS during the forecast period.

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Asia-Pacific is the most lucrative market for DCS and leads in process automation & controls pertaining to service opportunities in greenfield projects paired with increasing manufacturing activities in the emerging economies of Asia-Pacific.

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               Fig . DCS Market Segmentation

Software interface constitute the highest market share among other component types due to increased use of DCS in cloud computing technology. Nonetheless, DCS service is estimated to grow at the fastest rate owing to the growth in skid-mounted DCS technology.

The oil & gas industry is projected to dominate the market, pertaining to the increase in demand for oil, gas, petrochemical, and refined products paired with deregulation of energy markets. However, the food & beverage industry is expected to depict fastest growth, owing to the introduction of vision inspection systems used for bottling and packaging application for increased efficiency.

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Fig. Top factors impacting the global distributed control systems market

LAMEA is estimated to grow at the highest CAGR on account of growth in South Africa and increase in rate of adoption in traditional industries in LAMEA such as metals, minerals, petrochemicals and chemicals.

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Key Findings of Distributed Control Systems (DCS) Market Study:

  • Software interface segment is expected to exhibit a remarkable growth during the forecast period, due to growth in cloud computing technology and commercial off-the-shelf (COTS) technology.
  • Oil & gas industry contributes the highest market share pertaining to the requirement of increased safety in manufacturing plants and environmental policies.
  • Asia-Pacific is expected to exhibit a promising growth during the forecast period.
  • Industry participants focus on expansion to innovate their product offerings and to improve their market share.

The distributed control systems market comprises dominant players such as General Electric, Siemens, Honeywell International Inc., Schneider Electric SE, and others. These market players focus on expansion, product launch, R&D, and acquisition as their key strategies to establish their market position.

Global Warehouse Management System Market to Garner $3,112 Million, by 2022

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Warehouse Management System Market Report, published by Allied Market Research, forecasts that the global market size is expected to garner $3,112 million by 2022, growing at a CAGR of 15.2% during the period 2016-2022. This can be attributed to the increase in inventory and workload of WMS in warehouse operations. Europe is expected to be the largest market during the forecast period.

By component type, software held the highest marketsharein2015, and services is anticipated to show the highest growth rate. Among the various industry verticals, transportation & logistics is projected to dominate the market. However, pharmaceuticals industry is expected to have the fastest growth rate.

Asia-Pacific is estimated to grow fastest due to increase in the adoption of WMS services and extensive growth in Japan, China, Australia, and India.

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Fig.  WMS Market segmentation

Improved supplier and customer relationships
WMS reduces the delivery lead times and errors while processing the orders. The suppliers seek greater efficiency and productivity while implementing WMS, which strengthens the supplier‐customer relationships, and is a notable driver for the WMS market. The impact of this factor was remarkable during 2015, and is projected to significantly rise over the forecast period.

Costly deployment of WMS solutions

Inherent challenges associated with implementation of the distribution software such as lack of process standardization in distribution, less business savvy users, high rate of simultaneous active transactions, materials handling interface requirements, and other factors result in resource monopolization, cost overruns, and operational disruption risks. Smaller facilities with lower headcounts find WMS solutions too expensive to deploy. Many such firms rely on memory-based processes, antiquated systems, and paper-based warehouse operations. In the year 2015, the impact of this factor was prominent; however, due to technological advancements, this impact is predicted to decline over the forecast period.

Emergence of SaaS-based on-demand WMS solutions
The smaller firms and other companies seek for less capital investments and greater flexibility. The on-demand supply chain execution is expected to gain larger share of the market over the forecast period. Smart Turn, a WMS vendor, was among the first companies to promote this model. Several suppliers have provided their software as a service to get a foothold in the market. The impact of this factor was notable in 2015, and is expected to increase over the forecast period.

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 Key findings of the Warehouse Management System Market:

  • Software is expected to exhibit a significant growth in the WMS market due to growth in adoption of this technology in the logistics industry.
  • Transportation & logistics industry generated the highest revenue among other industry verticals pertaining to increase in adoption of WMS.
  • Europe is projected to exhibit a substantial growth during the forecast period.
  • Several industry players adopt partnership and product launch as their key strategies to offer innovative products and services & solutions to attain a higher market share.
  • The dominant players include Oracle Corporation, SAP SE, Infor Inc., and Manhattan Associates Inc., and others.

 

Light Emitting Diodes (LED) Market to increase steadily by 2014-2020

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Light Emitting Diode Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $42.7 billion by 2020, registering a CAGR of 13.5% during the period 2014-2020. Asia Pacific commands dominance of the LED technology market. The region houses approximately 3/4th of the global electronics manufacturing industries. North America, due to its high-tech forensic and medical applications leads the market for UV LEDs.

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After the grand success of the CFL lights, light emitting diode is the next buzzing technology in the general lighting industry. Absence of hazardous liquid mercury and power efficiency has allowed LED to successfully penetrate the market and has outdone CFL lighting in the commercial market. It is anticipated that LED lights would command about 20% share of the global lighting market by 2020. This will be equivalent to 2/3rd of the revenue for LED. However, the demand for basic LED in backlighting applications would decline as OLED broadens its horizon of applications and would eventually supersede basic LED based mobile displays.Global Light Emitting Diodes(LED) Market (Applications, Technolo

UV LED primarily finds its application in medical treatments and forensic tests. UV LED technology anticipates further development as companies are rigorously working out acquisitions to expand their product portfolio and applications. In January 2013, Noblelight acquired Fusion UV, manufacturer of UV LED technology to enhance their UV LED product features. Developed regions, though, are early adopters of the UV LED technology; the healthcare sector in developing regions such as Asia Pacificis also contributing to the growth of the technology. The growing medical tourism and lower cost of treatments will strengthen the adoption of UV LED technology in developing regions.

 

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Foreseeing great environmental benefits and energy saving capabilities government across the globe are implementing LED lighting in most of the public settings. The U.S. government has already started replacing the conventional street lights with LED’s, which is anticipated to complete by the end of 2014. Such developments are and will be instrument in the growth of the LED technology market. “The growth in revenue will be slower than the rise in unit sales of LEDs due to the constantly declining price of LEDs; however, the overall market would grow at a constant pace due to growing demand for LEDs and expanding applications” states AMR analyst Ranjan Singh. “Continuous development in the technology suggests huge underlying potential for OLEDs during the forecast period,” adds the analyst citing the recent rollouts of OLED mobile handsets by Samsung and Nokia. High brightness (HB) LEDs hold nearly 60% of the market share as it can provide much brighter light with lower voltages as compared to other market alternatives. The rapid growth in 4K TV segment suggests that HB LED will continue to hold the key to the growth of LED technology market. Major companies such as Samsung SDI and RIT Display are investing substantially on the development of advanced OLED display technologies.

Chlorinated Paraffin Market Expected to Reach $2,426 Million by 2022

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Global Chlorinated Paraffin Market Report, published by Allied Market Research, forecasts that the global market was valued at $1,902 million in 2015, and is expected to reach $2,426 million by 2022, supported by a CAGR of 3.5% during the forecast period 2016 – 2022. China is one of the prominent producers of chlorinated paraffin and held nearly one-fifth of the total market in 2015.

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Chlorinated paraffin is colorless or yellowish, viscous, dense oils, except for the chlorinated paraffins of long carbon chain length with high chlorine content (about 70%), which are solid. Chlorinated paraffin offers advantages such as flame retardancy and low-temperature strength as well as increases the flexibility of the materials. Chlorinated paraffins are used as extreme pressure additives as metal working lubricants or cutting oils. This is attributed to their compatibility with oils, viscous nature, and property of emancipating hydrochloric acid at high temperatures. They improve the resistance to water and chemicals, which is most suitable when they are used in marine paints, as coatings for industrial flooring, vessels, and swimming pools.

Factors that drive the growth of the global chlorinated paraffin market are rise in PVC and metal working industry coupled with aerospace & industrial sector. In addition, growth in automotive sector is also expected to fuel the demand for chlorinated paraffin in the near future. However, stringent regulations pertaining to use of short-chain chlorinated paraffin in many regions and availability of alternatives is expected to hamper the growth of this market in near future.

Medium-chain chlorinated paraffin is expected to maintain its dominance in the global chlorinated paraffin market during the forecast period. This is mainly attributed to its use as substitute to short-chain chlorinated paraffins in many applications. However, short-chain chlorinated paraffin is estimated to hold one-fourth of the market share in Asia-Pacific due to lack of regulations to prohibit its use.

Metal working fluids and lubricating additives applications cumulatively dominated the global chlorinated paraffin market with more than half share in terms of volume, in 2015. Increase in demand for flame retardant properties across various end-use industries such as automotive and aerospace is anticipated to drive the chlorinated paraffin market during the analysis period.

Key findings of the Chlorinated Paraffin Market:

  • In terms of value, long-chain segment is expected to expand at a CAGR of 4.3% during the forecast period.
  • Asia-Pacific is projected to maintain its lead position throughout 2022 and grow at a CAGR of 4.7%, in terms of value.
  • Lubricating additives application is estimated to occupy one-third of the total market by 2022.
  • China is expected to occupy more than half of the total Asia-Pacific chlorinated paraffin market by 2022.
  • In the global chlorinated paraffin market, China is expected to grow at the highest CAGR of 5.7% in terms of value from 2016 to 2022

In 2015, Asia-Pacific and North America collectively accounted for two-thirds of the total chlorinated paraffin market and are expected to continue this trend, specifically in China, India, and other developing economies. Rise in lubricating sector is the main reason for the growth of the market in the Asia-Pacific region.

The major companies profiled in the report include INOVYN, Altair Chimica SpA, INEOS Chlor, Caffaro Industrie S.p.A., Quimica del Cinca, S.A., LEUNA-Tenside GmbH, Dover Chemical Corporation, Handy Chemical Corporation Ltd., and Aditya Birla Chemicals.