Press Release

According to a new market report published by Lucintel, the future of the global automotive AHSS (advanced high strength steel) market looks promising with opportunities in the passenger cars and light commercial vehicles. The global automotive AHSS market is expected to reach an estimated $32.3 billion by 2025 with a CAGR of 8.1% from 2020 to 2025. The major drivers for this market are increasing vehicle production, reduction in fuel consumption, lower cost of AHSS materials than other lightweight materials, …

According to a new market report published by Lucintel, the future of molybdenum in the global automotive market looks promising with opportunities in the passenger car and light commercial vehicle markets. The molybdenum in the global automotive market is expected to grow with a CAGR of 5.9% from 2019 to 2024. The major drivers for this market are increasing penetration of high strength steel per vehicle and growing demand for lithium ion batteries in electric vehicles. Browse 58 market data …

According to a new market report published by Lucintel, the future of the global automotive radiator market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle. The global automotive radiator market is expected to reach an estimated $16.6 billion by 2027. The global automotive radiator market is forecast to grow at a CAGR of 6.8% by value from 2021 to 2027. The major driver of growth for this market is increasing production of passenger …

According to a new market report published by Lucintel, the future of the global filter market looks promising with opportunities in the consumer, industrial, transportation, and utility industries. The global filter market is expected to reach an estimated $97.9 billion by 2027 and it is forecast to grow at a CAGR of 5.0% from 2021 to 2027. The major drivers of growth for this market are changing stringent water and waste water regulations, increasing regulations for air emission from vehicles …

According to a new market report published by Lucintel, the future of the global automotive mirror market looks promising with opportunities in the interior as well as exterior mirror market. The global automotive mirror market is expected to reach an estimated $11.3 billion by 2027. The global automotive mirror market is forecast to grow at a CAGR of 6.2% by value from 2021 to 2027. The major driver of growth for this market is increase in vehicle production and increasing …

According to a new market report published by Lucintel, the future of the global automotive ADAS market looks promising with opportunities in mid-size cars, large cars, SUVs, and crossovers. The global automotive ADAS market is expected to reach an estimated $71.2 billion by 2027 and it is forecast to grow at a CAGR of 21.6% from 2021 to 2027. The major drivers of growth for this market are increasing production of premium and luxury vehicles, advancement in the automotive electronics, …

According to a new market report published by Lucintel, the future of the global automotive suspension market looks promising with opportunities in the passenger car, light commercial vehicle and heavy commercial vehicle segments. The global automotive suspension market is expected to reach an estimated $57.6 billion by 2027 and it is forecast to grow at a CAGR of 4.8% from 2021 to 2027. The major drivers of growth for this market are increasing vehicle production, increasing need for improved ride …

Cannon Ergos, a company of the Cannon Group, a world leader in technologies, processing equipment and mold manufacturing for the composites industry, is working with Boeing on molding trials for the feasibility of using recycled carbon fiber (rCF) for the fabrication of aircraft cabin interior sidewall panels. The recovery and reuse of carbon fiber waste during production processes and end-of-life applications, such as automotive and aeronautics, has proved to be economically viable. This supports the implementation of the EU Waste …

According to a new market report published by Lucintel, the future of the global automotive seat heater market looks promising with opportunities in the luxury car, SUV & crossover, mid-size car, small car, and light commercial vehicle markets. The global automotive seat heater market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.4 billion by 2025 with …

According to a new market report published by Lucintel, the future of the global automotive seat massage system market looks promising with opportunities in the luxury car, SUV & crossover, mid-size car, small car, and light commercial vehicle markets. The global automotive seat massage system market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 8% …

According to a new market report published by Lucintel, the future of the global automotive ventilated seat fan market looks promising with opportunities in the mid-size cars, large cars, SUVs & crossovers, and the heavy commercial vehicle market. The global automotive ventilated seat fan market is expected to reach an estimated $1.3 billion by 2023 with a CAGR of 2.0% from 2018 to 2023. The major drivers for this market are growth in the vehicle production and increasing demand for …

According to a new market report published by Lucintel, the future of the global automotive display system market looks promising with opportunities in the large car, SUVs & crossovers, mid-size car, and light commercial vehicles market. The global automotive display market is expected to reach an estimated $32.6 billion by 2024 with a CAGR of 7.8% from 2019 to 2024. The major drivers for this market are growth in vehicle production, increasing demand for navigation and infotainment systems, and growing …

According to a new market report published by Lucintel, the future of the global flat glass industry looks good with opportunities in building construction glass, automotive glass, and specialty glass. The global flat glass industry is expected to reach an estimated $109.3 billion by 2027, and it is forecast to grow at a CAGR of 6.2% from 2021 to 2027. The major drivers of growth for this market are growth in the construction market, rising automotive production and sales, rising …

According to a new market report published by Lucintel, the future of the global automotive fastener market looks promising with opportunities in the passenger car and light commercial vehicle segment. The global automotive fastener market is expected to reach an estimated $28.1 billion by 2027 and it is forecast to grow at a CAGR of 4.6% from 2021 to 2027. The major growth drivers for this market are increasing vehicle production and increasing migration of OEMs from standard fasteners to …

According to a new market report published by Lucintel, the future of the global electric scooter market looks promising with opportunities in the retro, standing, and folding scooter markets. The global electric scooter market is expected to reach an estimated $22.1 billion by 2025 with a CAGR of 6.5% from 2020 to 2025. The major drivers for this market are increasing consumer awareness regarding eco-friendly transportation, stringent environmental regulations, rising government incentives and subsidies programs, and growing adoption of e-scooter …

According to a new market report published by Lucintel, the future of the global automotive semiconductor market looks promising with opportunities for passenger cars, commercial, and electric vehicles. The global automotive semiconductor market is expected to reach an estimated $67.5 billion by 2023 with a CAGR of 13.1% from 2018 to 2023. The major growth drivers for this market are increasing vehicle production, increasing electronic content per vehicle, and growing demand for advanced vehicle safety and comfort systems. Browse 121 …

According to a new market report published by Lucintel, the future of the global electric bus market looks promising with opportunities in the public and private transportation. The global electric bus market is expected to reach an estimated $71.9 billion by 2024 with a CAGR of 19.6% from 2019 to 2024. The major drivers for this market are increasing gasoline prices, government subsidies as tax benefits to promote electric buses, and stringent environmental regulations to reduce air pollution. Browse 115 …

According to a new market report published by Lucintel, the future of the global automotive camera market looks promising with opportunities in the markets of compact cars, large cars, and light commercial vehicles. The global automotive camera market is expected to reach an estimated $7.5 billion by 2023 with a CAGR of 24.3% from 2018 to 2023. The major drivers for this market are growing demand for advanced driver assistance systems in cars with increasing focus on connected vehicle features, …

According to a new market report published by Lucintel, the future of the global automotive power distribution box market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The global automotive power distribution box market is expected to reach an estimated $16.5 billion by 2024 with a CAGR of 8.5% from 2019 to 2024. The major drivers of growth for this market are growing electronic content per vehicle, growth in vehicle production, and stringent …

According to a market report by Lucintel, the future of the infrared & terahertz spectroscopy market looks promising with opportunities in the pharmaceutical & biotechnology, industrial chemistry, food & beverage testing, and environmental testing end use industries. The global infrared & terahertz spectroscopy market is expected to reach an estimated $1.5 billion by 2028 with a CAGR of 5.1% from 2023 to 2028. The major drivers for this market are increasing strict regulations in the pharmaceutical industry, rise in food …

According to a market report by Lucintel, the future of the cannabis testing market looks promising with opportunities created by cannabis drug manufacturers & dispensaries and cannabis cultivators/growers. The global cannabis testing market is expected to reach an estimated $3.1 billion by 2028 with a CAGR of 13.2% from 2023 to 2028. The major drivers for this market are growing adoption of LIMS (laboratory information management systems) in cannabis testing laboratories and legalization of medical cannabis. In this market, analytical …

According to a market report by Lucintel, the future of the insulated drinkware market looks promising with opportunities in supermarkets and hypermarkets, specialty stores, convenience stores, and online stores. The global insulated drinkware market is expected to reach an estimated $2.3 billion by 2028 with a CAGR of 1.8% from 2023 to 2028. The major drivers for this market are increasing demand for eco-friendly and reusable products and growing requirement to keep beverages hot or cold for a longer period …

According to a market report by Lucintel, the future of the digital PCR (dPCR) and real-time PCR (qPCR) market looks promising with opportunities in hospitals & diagnostic centers, pharmaceutical & biotechnology companies, clinical research organizations (CROs), and forensic laboratories. The global digital PCR (dPCR) and real-time PCR (qPCR) market is expected to reach an estimated $9.9 billion by 2028 with a CAGR of 7.2% from 2023 to 2028. The major drivers for this market are increasing use of biomarker profiling …

According to a new market report published by Lucintel, the future of the global aerospace electrical de-icing system market looks promising with opportunities in civil aircraft, helicopter, and military aircraft. The global aerospace electrical de-icing system market is expected to reach an estimated $154 million by 2027 with a CAGR of 4.8% from 2022 to 2027. The major growth drivers for this market are aviation regulations and certification standards regarding aircraft safety, and the increasing penetration of composites in aircraft …

According to a new market report published by Lucintel, the future of the global aerospace titanium market looks promising with opportunities in commercial aircraft and military aircraft. The global aerospace titanium market is expected to reach an estimated $3.4 billion by 2027 with a CAGR of 9.2% from 2022 to 2027. The major drivers for this market are increasing deliveries of aircraft and the demand for lightweight titanium materials. There is continuous increasing trend of titanium usage per aircraft such …

According to a new market report published by Lucintel, the future of the global aircraft engine blade market looks promising with opportunities in commercial, general aviation, regional, and military aircraft. The global aircraft engine blade market is expected to reach an estimated $40.8 billion by 2027 with a CAGR of 7.3% from 2022 to 2027. The major growth drivers for this market are increasing aircraft deliveries and periodic replacement of engine blades. Browse 73 market data tables and 74 figures …

According to a new market report published by Lucintel, the future of the Brazilian composites market looks promising with opportunities in pipe and tank, transportation, wind energy, aerospace and defense, construction, marine, and electrical and electronics end uses. The Brazilian composites market is expected to reach an estimated $1.0 billion by 2027 with a CAGR of 6.6% from 2021 to 2027. The major driver for market growth is the rise in demand for wind energy, construction, and pipe and tank …

According to new report published by Lucintel, the technologies in the automotive brake have undergone significant changes in recent years, from conventional brakes to electronic brake system technologies. The rising wave of new technologies, such as electronic stability control coupled with anti lock braking system and traction control systems are creating significant potential for automotive brake due to the growing demand for safety systems to avoid accidents and increasing automotive production. In the automotive brake market, various technologies, such as …

According to a new market report published by Lucintel, the future of the unsaturated polyester resin in the global automotive composites market is attractive with opportunities in various application, including pickups, closure panels, body panels, fenders, GOR, heat shields, headlamp reflectors, and others. The unsaturated polyester resin in the global automotive composites market is declined in 2020 due to the global economic recession led by COVID-19. Browse 74 market data tables and 95 figures spread through 177 pages and in-depth …

According to a new market report published by Lucintel, the future of the polyolefin fiber market looks promising with opportunities in the hygiene and mask, filtration, medical/surgical, industrial and consumer goods industries market. The global polyolefin fiber market is expected to reach an estimated $27.6 billion by 2027 with a CAGR of 6.2% from 2021 to 2027. The major drivers for this increasing demand for metallocene based polyolefin fiber due to its unique grades and the increasing use of hygiene …

According to a new market report published by Lucintel, the future of the global FRP pole market looks promising with opportunities in power transmission and distribution, and telecommunication. The global FRP pole market is expected to reach an estimated $306.4 million by 2027 with a CAGR of 5.6% from 2021 to 2027. The major drivers for the growth of global FRP pole market are the ongoing replacement of obsolete wooden poles and performance benefits of FRP poles like rot and …

According to a new market report published by Lucintel, the future of the composites in the Indian aerospace and defense industry looks promising with opportunities in civil aviation, military aviation and spacecraft application. The composite in Indian aerospace and defense industry is expected to reach an estimated $71.2 million by 2026 with a CAGR of 13.1% from 2021 to 2026. The major growth drivers for this market are increase in military and defense expenditure, increasing use of lightweight and high …

According to a new market report published by Lucintel, the future of the composites market looks promising with opportunities in the transportation, marine, wind energy, aerospace, pipe & tank, construction, E&E, consumer goods, and others end uses. The global composites market is expected to reach an estimated $60.6 billion by 2027 with a CAGR of 5.2% from 2021 to 2027. Browse 96 market data tables and 148 figures spread through 235 pages and in-depth TOC on “Global Glass Fiber Market" …

According to a new market report published by Lucintel, the future of the Indian glass fiber market looks promising with opportunities in pipe and tank, aerospace, wind energy, electrical and electronics, construction, transportation, and marine. The Indian glass fiber market is declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $0.3 billion by 2026 with a CAGR of 9.3% …

According to a new market report published by Lucintel, the future of the composites market looks promising with opportunities in the transportation, marine, wind energy, aerospace, pipe & tank, construction, E&E, consumer goods, and others end uses. The global composites market is expected to reach an estimated $60.6 billion by 2027 with a CAGR of 5.2% from 2021 to 2027. Browse 55 market data tables and 404 figures spread through 240 pages and in-depth TOC on “Global Composites Market" To …

According to a market report by Lucintel, the future of the waterproofing membrane market looks promising with opportunities in the roofing & walls, building structures, water and waste water management, tunnels & landfills, and others. The global waterproofing membrane market is expected to reach an estimated $25.1 billion by 2027 with a CAGR of 3.5% from 2021 to 2027. The major drivers for this market are cost-effectiveness and efficiency of waterproofing membranes, supportive government policies related to public infrastructure growth …

According to a new market report published by Lucintel, the future of the mineral wool insulation market looks promising with opportunities in the residential & non-residential construction, industrial, HVAC, and appliance markets. The global mineral wool insulation market is expected to reach an estimated $31.4 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are increasing construction activities, stringent government regulations and building codes for energy efficiency & fire safety, globally. …

According to a new market report published by Lucintel, the future of the global BOPP film market looks promising with opportunities in food packaging, non-food packaging, and industrial applications. The global BOPP film market is forecast to reach $26.6 billion by 2027 with a CAGR of 5% from 2021 to 2027. The major drivers for this market are growth in food packaging and increasing need for UV light barrier films. Browse 135 market data tables and 114 figures spread through …

According to a new market report published by Lucintel, the future of the electric transmission and distribution equipment market looks promising with opportunities in the power utility, residential, commercial, and industrial sectors. The global electric transmission and distribution equipment market is expected to reach an estimated $381 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are increasing demand for electricity, new power generation capacity additions, and the expansion of transmission …

According to a new market report published by Lucintel, the future of the mobile artificial intelligence market looks promising with opportunities in the automotive, smartphone, camera, drone, robotics, AR/VR, and smart board and PC application. The global mobile artificial intelligence market is expected to grow with a CAGR of 28% to 30% from 2021 to 2026. The major drivers for this market are raising adoption of artificial intelligence from application developers and device manufacturers, increasing adoption of cloud based applications, …

According to a new market report published by Lucintel, the future of the capacitor market looks promising with opportunities in the computer, telecom, consumer electronics, automotive, and industrial sectors. The global capacitor market is forecast to reach $31.2 billion by 2027 with a CAGR of 5.9% from 2021 to 2027. The major drivers for this market are increasing demand for consumer electronics products, growing demand for premium smartphones, and increasing production of electric vehicles. In this market, various types of …

According to a new market report published by Lucintel, the future of the global building thermal insulation market looks promising with opportunities in residential and non-residential buildings. The global building thermal insulation market is expected to reach an estimated $40.5 billion by 2027 with a CAGR of 4.6% from 2021 to 2027. The major drivers for this market are growth in the building and construction industry and stringent government regulations for reduction of greenhouse gas emission and to increase energy …

According to a new market report published by Lucintel, the future of the supercapacitor market looks promising with opportunities in the transportation, industrial, consumer electronics, and energy industries. The global supercapacitor market is expected to reach an estimated $3.7 billion by 2027 with a CAGR of 15% from 2021 to 2027. The major drivers for this market are increasing production of electrical vehicles, growth in portable electronics, and superior properties of supercapacitors, such as high energy density, long lifecycles, and …

According to a new market report published by Lucintel, the future of the fluoropolymer film market looks promising with opportunities in the electrical and electronics, construction, packaging, transportation, and industrial sector. The global fluoropolymer film market is expected to reach an estimated $2.8 billion by 2027 with a CAGR of 6.5% from 2021 to 2027. The major drivers for this market are increasing demand in the medical packaging industry and growth in the solar photovoltaic and construction industries. Browse 116 …

According to a new market report published by Lucintel, the future of the BOPET film market looks attractive with opportunities in the packaging, industrial, and electrical & electronics industries. The global BOEPT film market is expected to reach an estimated $28.1 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are increasing demand for flexible packaging and growth in the flat panel display market. Browse 107 market data tables and 133 …

According to a new market report published by Lucintel, the future of the global boron market looks promising with opportunities in the building and construction, electrical and electronics, pharmaceutical, consumer, and agriculture industries. The global boron market is expected to reach $2.1 billion by 2027 with a CAGR of 4.9% from 2021 to 2027. The major drivers for this market are increasing demand for glass and ceramics in the building and construction industry, growth in the pharmaceutical packaging market, and …

According to a new market report published by Lucintel, the future of the global HVAC insulation market looks attractive with opportunities in the residential and non-residential industries. The global HVAC insulation market is forecast to reach $7.3 billion by 2027 with a CAGR of 6% from 2021 to 2027. The major drivers for this market are growth in HVAC systems and stringency in government regulations to increase energy efficiency. The market research report identifies and prioritizes opportunities for Browse 137 …

According to a new market report published by Lucintel, the future of PP film capacitors in the global HVDC market looks promising with opportunities in the high voltage power transmission industry. The use of PP film capacitors in the global HVDC market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected grow with a CAGR of 9% to …

According to a market report by Lucintel, the future of the waterproofing membrane market looks promising with opportunities in the roofing & walls, building structures, water and waste water management, tunnels & landfills, and others. The global waterproofing membrane market is expected to reach an estimated $25.1 billion by 2027 with a CAGR of 3.5% from 2021 to 2027. The major drivers for this market are cost-effectiveness and efficiency of waterproofing membranes, supportive government policies related to public infrastructure growth …

According to a new market report published by Lucintel, the future of the global TPO roofing membrane market looks promising with opportunities in the commercial, residential, and industrial markets. The global TPO roofing membrane market is expected to reach an estimated $2.1 billion by 2027 with a CAGR of 4.6% from 2021 to 2027. The major drivers for this market are growth in the building & construction industry and increasing demand for green roofing solutions. In this market, 45 mil, …