Automotive Lightweight Material Market: Steel Remains the Most Lucrative Material

A recent Fact.MR report on automotive lightweight material market provides an elaborate and extensive market forecast for the period between 2019 and 2028. Various dynamics influencing the automotive lightweight material market are identified and their degree of impact has been analyzed and detailed in the report. It also includes qualitative and quantitative analysis of macro- and microeconomic factors affecting the growth of automotive lightweight material market. The Fact.MR report offers all-inclusive insights into global and competitive scenarios of automotive lightweight material market to lead its audience towards devising and implementing well-informed decisions.

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Key Dynamics Driving Automotive Lightweight Material Market Growth?

• Lightweight materials such as high-strength steel, aluminum alloys, carbon fiber materials, polymer composites, and others have been gaining wide-ranging adoption among automotive companies, to improve the fuel economy and reduce emissions without compromising on safety.


• With growing government initiatives worldwide to bring energy consumption and carbon emissions down, the concept of reducing vehicle weight has gained significant traction, which has eventually led to the expansion of automotive lightweight material market.


• As compared to heavy vehicles, the lightweight variants take lesser energy and offer added benefits to automakers and vehicle owners alike. Notable growth of the automotive lightweight material market is likely to be fuelled by surge in replacement of heavy components with automotive parts made from lighter materials which help reduce overall vehicle weight by 10%-60%.

 

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Sales of automotive lightweight material are estimated to surpass 76 kilotons in 2019, up from nearly 74 kilotons in 2018, according to a recent Fact.MR report. The automotive lightweight material industry is significantly influenced by broader trends in the automobile industry, especially evolving regulations on fuel efficiency. Fact.MR’s new report analyzes this landscape in detail, and offers readers a comprehensive analysis on the key factors at play.

The study opines that lightweighting continues to gain a centerstage in the automotive industry. Demand for cost-effective lightweight materials continues to surge, as a growing demographic of consumers shows marked preference towards organizations that embrace sustainability. The report finds that in addition to these broader, cross-industry trends, demand for lightweight materials is also influenced by industry-specific factors such as growing electric vehicle parc.

Steel Remains the Most Lucrative Automotive Lightweight Material

According to the study, steel remains the most lucrative automotive lightweight material, with sales of over 35 kilotons in 2018. Increasing replacement of cast iron and other heavier components with lighter materials such as high-strength steel (HSS) in automobiles is a key demand determinant of steel in the automotive lightweight material market.

Automotive lightweight materials have witnessed robust application in the engine & mechanical components, backed by their numerous advantages such as energy efficiency, improved performance, and enhanced safety. In addition, exterior & structural segment is likely to emerge as the most lucrative application area for automotive lightweight material. Passenger cars account for the highest volume share in the automotive lightweight material market, with sales estimated in excess of 42 kilotons in 2018.

Theodolite Market: Sales through Construction Application to Generate Significant Revenues

Growing need for making accurate measurements in the construction industry has led to an upsurge in demand for theodolite devices. In addition, integration of enhanced technology in the theodolite devices is projected to impact the global market growth of theodolite positively. Fact.MR projects that the Theodolite Market is projected to represent over US$ 300 Mn by 2022-end.

Investigation of accidents, tactical observations, land surveying and landmark triangulations has led to a surge in demand for theodolites. Moreover, theodolite is equipped with features such as import/export map markers, data sharing and logging, and mapping. As government in various countries are pushing for development of smart cities, adoption of the electronic devices such as theodolite is likely to increase globally.

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Sales through Construction Application to Generate Significant Revenues

As demand for constructing institutions and buildings continue to increase, adoption of electronic theodolite instruments are likely to remain on the rise. Based on the product type, the electronic segment is projected to represent the highest revenue growth, represent more than US$ 70 Mn by 2022-end.

The electronic product type segment is projected to witness the fastest growth in the global market of theodolite throughout the forecast period. On the basis of application, the construction segment will continue to witness significant revenue growth, accounting for more than US$ 80 Mn by 2022-end. During the forecast period, the industrial segment and the construction segment will continue to reflect a robust CAGR in the global market of theodolite throughout 2022.

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Advanced Features to Create Lucrative Opportunities

Growing need for navigating and making accurate measurements has led to an upsurge in demand for theodolites in the global market. Apart from increasing application to measure and navigate, theodolites are also used as an augmented reality application that was released in the iPhone. Similar to the SpyGlass application, the theodolite electronic devices enable the end users to figure out directions and locations. Attributed to features such as two axis inclinometer, GPS, map and compass, theodolite devices operate as navigating device with enhanced features. Increasing need for measuring angles in the vertical and horizontal planes has led to an upsurge in demand for surveying applications.

Construction and Transportation Industry to Boost Sales

Besides application in the construction and transportation industry, theodolite devices continue to witness significant adoption in the healthcare industry. Surge in demand to conduct surveys in the field of architecture, planning, engineering and geology is further expected to impact growth of the global market positively. Surveys conducted on the vertical and horizontal planes will further rev up sales of theodolite devices globally.

Major players in the global market of theodolite include Topcon Corporation, Hexagon AB, EIE Instruments, Trimble, Suzhou FOIF Co., South Surveying & Mapping Instrument Co Ltd, Hilti Group and Survey Instruments Services Pte Ltd.

Lotions to Remain Highly Sought-after among Products in Global Skin Lightening Products Market

A recent research report by Fact.MR has projected the global skin lightening products market to represent an impressive expansion over the forecast period (2017-2022). The global market for skin lightening products is estimated to exceed US$ 20,000 Mn in revenues by 2022-end.

Skin lightening products, also called bleaching creams or fading creams, reduce a pigment in the skin called melanin. This helps people to treat their skin problems such as acne scars, age spots, freckles, or discoloration associated with hormones. Skin lightening products are available in the market in various forms such as scrubs, face masks, cleansers, toners, creams, and lotions.

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Demand for Skin Lightening Products with UV Absorbers Gaining Higher Popularity

Growing desire for flawless and radiant skin has always been pushing individuals towards adoption of skin lightening products. Although skin lightening products hinted at facial care initially, the trend has witnessed transformation with companies providing products for complete skin care. Demand for skin lightening products, which were limited to women in the past, is now witnessing a significant rise from men as well, particularly in countries of Asia-Pacific excluding Japan (APEJ) where fair skin is related to beauty, prosperity and youth.

An upcoming trend gaining immense popularity in the global skin lightening products market is inclusion of UV absorbers in the formulations of skin lightening. Demand for these products is especially high in tropical regions where intensity of UV rays is high and effects are more harmful. Vendors are opting for organic as well as inorganic ingredients such as avobenzone, titanium oxide, and zinc oxide as UV absorbers that prevent the skin from darkening.

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Key Research Findings from Fact.MR’s Report on Skin Lightening Products Market

• In terms of revenues, the skin lightening products market will remain the most-lucrative in Asia-Pacific excluding Japan (APEJ), followed by North America and Europe. The market in North America and Latin America will ride on similar CAGRs through 2022. In addition, the skin lightening products market will witness the fastest expansion in APEJ, followed by Middle East & Africa (MEA) and Japan.


• Based on sales channel, modern trade will continue to be the most-lucrative, with sales poised to surpass US$ 7,000 Mn in revenues by 2022-end. Between drugstores and online retailers, the former will account for a relatively larger market revenue share, whereas the latter will witness a comparatively faster expansion in sales through 2022

 Creams & Lotions to Remain Highly Sought-after among Products in Global Skin Lightening Products Market

Creams & lotions are expected to remain highly sought-after among products, with sales projected to account for nearly half revenue share of the market during the forecast period. Sales of face masks will exhibit the highest CAGR in the market, to surpass revenues worth US$ 2,500 Mn by 2022-end. Scrubs are anticipated to be the least lucrative product in the global skin lightening products market during 2017 to 2022.

Key companies included in Fact.MR’s report, who are actively contributing to expansion of the global market for skin lightening products, include Johnson & Johnson, Dabur India Ltd., Emami Ltd., Kao Corporation, E.T. Browne Drug Co., Inc., Shiseido Company Limited, Avon Products, Inc., Estee Lauder Cos., Inc., Beiersdorf AG, Unilever plc, Procter & Gamble Co., and L'Oréal S.A.

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APEJ to Remain a Highly Lucrative Region for Pre-School Games and Toys Market

As per the recent report published by Fact.MR, the global pre-school games and toys market is set to witness a healthy CAGR of 6.4% during the forecast period (2017-2022). Demand for activity toys and games such as board games, musical instruments, construction toys, puzzles, arts and crafts and play-acting has grown healthily in recent years. This is because these products offer more than just entertainment and enjoyment, they play an important part in developing intelligence, coordination and manual ability in children. This, in turn, is driving the popularity of such toys and pre-school games worldwide.

Sales of toys and pre-schools games are also picking up in the emerging markets such as Brazil, India and China. Fact.MR’s report projects that towards the end of 2022, the market will surpass a valuation of US$ 11,000 Mn. This growth is likely to be supported by factors such as boom in online sales, rising per capita income and rising standard of leaving.

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Construction Toys a Top Selling Product

Global sales of construction toys will remain strong throughout the assessment period. In recent years, demand for construction toys has been relatively high. Sales of construction toys make a significant contribution to growth of the pre-school games and toys market. By 2022-end, more than US$ 3,000 Mn worth construction toys are expected to be sold worldwide.

Significant Opportunity in 2-3 Years Age Group

Pre-school games and toys for 2-3 years old kids are exhibiting higher sales and the trend is likely to continue in 2017 and beyond. Global sales of pre-school games and toys for 2-3 years age group currently command for more than one-third revenue share of the pre-school games and toys market. Demand for pre-school games and toys for upto 4.5 Year age group is also expected to go upwards over 2022.

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Additional Highlights of the Report Include: 

• Among regions, the market in Asia Pacific excluding Japan (APEJ) will continue to hold its top spot over 2022. APEJ pre-school games and toys market is projected to witness a CAGR of 7% over the forecast period.


• On the basis of product type, the construction toys segment will remain highly lucrative throughout the assessment period. This segment currently command for nearly one-fourth share of the global market in terms of revenue. In addition, the segment is expected surpass a valuation of US$ 3,000 Mn by 2022-end.


• Based on age group, the 2-3 years segment is anticipated to retain its dominant position over the next couple of years. Currently, the segment commands for more than 37% revenue share of the market. Meanwhile, the upto 4.5 segment likely to hold it second spot over 2022.

Leading market players profiled in Fact.MR’s report include BANDAI NAMCO Holdings Inc., Mattel, Inc., Hasbro, Inc., SIMBA-DICKIE-GROUP GmbH, Alpha Group, Playgo Toys Manufacturing Limited, LEGO A/S, TOMY Company, Ltd., Spin Master Ltd., and Ravensburger AG.

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Hair Color Market: Female Hair Color to Witness Robust Growth

According to the report by Fact.MR, the global hair color market is expected to witness robust growth. The market is estimated to register 9.3% CAGR during the forecast period 2017-2022. Owing to the availability of various hair colors made using the natural or plant-based substance, increasing number of people are applying hair colors. Moreover, regulations on the use of various chemicals in hair colors is also one of the reasons for increasing demand and use of hair color. Following insights show how the global hair color market will perform in the coming years.

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Female Hair Color to Witness Robust Growth

Female hair color compared to male and unisex hair color is likely to experience substantial growth in the global market for hair color. By 2022 end, female hair color is projected to exceed US$ 1,100 million revenue. Meanwhile, male hair color is also likely to gain nearly one-third of the share in terms of the revenue by 2017 end.

Specialty Stores to Emerge as the largest Distribution Channel

Among various distribution channels, specialty stores are likely to emerge as one of the largest distribution channels. Specialty stores are projected to surpass US$ 1,000 million revenue by 2022 end. Meanwhile, sales of hair color through online is also likely to experience healthy growth during 2017-2022.

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Key Highlights on Global Hair Color Market

• North America is expected to remain dominant in the global hair color market. By the end of 2022, North America hair color market is estimated to reach nearly US$ 800 million revenue. Owing to the presence of the major brands and rising number of startups providing various types of hair colors along with the at-home services are some of the factors resulting in the significant growth of the hair color market in North America.


• Europe is expected to witness impressive growth in the global hair color market. Meanwhile, Asia-Pacific Excluding Japan (APEJ) is also anticipated to witness healthy growth during the forecast period.


• Permanent hair color is expected to emerge as the highly preferred hair color product. Permanent hair color is estimated to reach nearly US$ 1,300 million by the end of 2022.

The report also offers a detailed profile of all the leading players in the global market for hair color, which will remain active through 2022. These include companies such as Henkel AG & Co. KGaA, Kao Corporation, L’Oréal S.A, Coty Inc., Avon Products, Inc., Combe Incorporated, Estee Lauder Cos., Inc., Godrej Consumer Products Limited, Shiseido Company, Limited, and Revlon, Inc.

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