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– The global webbing market is predicted to reach the valuation of ~US$ 1.2 Bn by 2027. This indicates that the market will expand at 6% CAGR during 2019–2027.

– On regional front, Asia Pacific is expected to maintain its dominant position during assessment period, with China as leading country in this region.

ALBANY, N.Y, Oct. 8, 2020 /PRNewswire/ — Webbing refers to sturdy fabric woven in a flat stripor tube form. This fabric is manufactured using a wide range of materials such as polypropylene, nylon, para-aramid synthetic fibers, ultra-high-molecular-weight polyethylene, carbon fibers, polyester, jute, or cotton. Depending on the material used in the manufacturing, webbing holds a wide variety of applications in several industries right from automotive parts to military apparel.

Analysts at TMR emphasize that the global webbing market is likely to grow at a CAGR of approximately 6% during assessment period of 2019 to 2027.The list of key factors that influence positively on the market growth includes increased number of technical textiles, advancement in the loom textile technology, and booming automotive industry.

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Key Findings of Webbing Market Report

• The global webbing market is foreseen to develop at CAGR of 6% in 2019–2027.
• The market is predicted to reach the valuation of ~US$ 1.2 Bn by 2027 end.
• Among all product types, flat webbing segment is estimated to gain highest demand avenues.
• Another product type segment, tubular webbing is expected to demonstrate steady growth during forecast period of 2019 to 2027.
• Among all materials, the man-made segment is expected to achieve highest market share.
• On regional front, Asia Pacific was dominant market region in 2018.
• The Asia Pacific webbing market is estimated to experience same growth trend during the assessment period.
• China is foreseen to be leader in the Asia Pacific market.

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Webbing Market: Key Driving Factors and Promising Avenues

• The global webbing market is expanding on the back of plethora of factors. One of the key factors supporting this market expansion is promising development in the shuttle loom technology. Presently, major companies engaged in the webbing market are utilizing advanced shuttle loom technologies, which use electronic elements and jacquard capabilities to boost the production.

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• Webbing is used for the production of a wide range of military soft goods including harnesses, cargo, seatbelts, packs, and hiking gear. Moreover, it is used to manufacture fire safety gears as well. Thus, growing demand for all these products is estimated to drive demand opportunities in the global webbing market.
• Webbing finds application in the production of protective equipment intended for oil and gas workers. As a result, increase in oil and gas activities across the globe is likely to support growth of webbing market.
• Towering demand for technical textiles and thriving automotive sector are some of the important factors that will boost growth of webbing market in 2019–2027.

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Webbing Market: Competitive Assessment

The global webbing market experiences intense level of competition among its players. Important factor attributed to this scenario is the presence of notable number of small as well as medium-sized regional enterprises working in it.

Major players in the webbing market are growing focus on incorporation of technological advancements. At the same time, several players are concentrating on their business expansion in new geographies. All these activities paint the picture of prodigious growth for the global webbing market during assessment period.

The list of important companies working in the webbing market includes Murdock Webbing Company, Inc., Bally Ribbon Mills, American Cord & Webbing Co., Inc, Southern Weaving, LLC, Universal Webbing Products Co., Ltd, Sturges Manufacturing Company, Webbing Products Pty Ltd, and National Webbing Products Co. (NWP).

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The Webbing Market can be segmented as follows:

• Material
• Natural
• Cotton
• Others
• Man-made
• Polypropylene
• Nylon
• Polyester
• High-modulus Polyethylene
• Aramid Fibers
• Liquid Crystal Polymers Yarn
• Polybenzoxazole
• Others
• Product
• Flat Webbing
• Tubular Webbing
• Others
• End Use
• Aerospace
• Automotive
• Military
• Industrial & Safety
• Fashion Accessories
• E-textile
• Sport Goods
• Marine
• Medical
• Others
• Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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Industrial Non-woven Materials Market – In terms of technology used, the global industrial non-woven materials market has been segmented into spun-laid, dry-laid, wet-laid, and others. The spun-laid technology segment can be sub-divided into spun-bound, spun-melt-spun, and melt-blown. The dry-laid technology segment can be sub-segmented into needle-punched, spun-lace, thermal-bonded, air-laid, and carded. Based on material type, the industrial non-woven materials market has been segregated into polypropylene, polyethylene, polyester, nylon, polyurethane, and rayon. In terms of end-user industry, the industrial non-woven materials market has been classified into automotive, building & construction, manufacturing & industrial, electronics, insulation, footwear, personal care, packaging, and others.

Biodegradable Superabsorbent Materials Market – Biodegradable superabsorbent materials are considered to be ideal for power utility companies. The global biodegradable superabsorbent materials market can be segmented based on product, application, and region. In terms of product, the biodegradable superabsorbent materials market can be segmented into polyvinyl alcohol, polysaccharides, polyitaconic acid, and polypeptide. Based on application, the biodegradable superabsorbent materials market can be divided into baby diapers, disposable diapers, feminine hygiene, agriculture, medical, and others. Biodegradable superabsorbent materials help increase crop water holding capacity, improves water use and efficiency, enhances soil permeability, reduces irrigation frequency & compaction tendency, stopping water & run-off erosion in the agriculture sector.

Decorative Glass Market – In terms of value, the global decorative glass market is anticipated to expand at a CAGR of ~5% from 2020 to 2030. Decorative glass is often used in interiors of hotels, restaurants, and homes. Decorative glass is also employed in decorative floors, fountains & waterfalls, walls, glass skylights, suspended glass ceilings, decorative windows, and glass dividers. The application of decorative glass in the residential sector helps create a comfortable and safe living space. Thus, decorative glass is often used to cut down on heat and glare, filter out external noise, increase natural lighting, provide security, or improve décor. It is employed in various residential applications, including doors, windows, partitions, shelves, cabinets, staircases, and balconies.

Magnesium Derivatives Market – The global magnesium derivatives market was valued at ~US$ 38 Bn in 2019 and is anticipated to expand at a CAGR of 5%, in terms of value, from 2020 to 2030. Magnesium derivatives are extensively used in agriculture, pharmaceutical, chemical, and construction applications due to their unique combination of characteristics. For instance, magnesium oxide is primarily used as an excellent source of magnesium in fertilizers to decrease the magnesium deficiency of soil. This enhances the yield and nutritional value of the soil. Magnesium hydroxide is also used in the manufacture of flame retardants, as it is economical and environment-friendly.

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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– Global automotive lightweight materials market is foreseen to develop at 7.2% CAGR in 2019 to 2027. Implementation of stringent government regulations to improve the vehicle fuel efficiency is major factor pushing market sales

– Asia Pacific holds major market share, and Japan and China expected to expand at rapid pace during assessment period

ALBANY, N.Y., Oct. 8, 2020 /PRNewswire/ — Automotive lightweight materials are gaining traction across the worldwide automotive sector. One of the important reasons for this popularity is the ability of automotive lightweight materials to advance the fuel economy of automobiles. Similarly, these materials widely utilized to boost the safety as well as overall vehicle performance. Owing to all these factors, the global automotive lightweight materials market is estimated to grow at rapid speed in the years ahead.

TMR’s analysts highlight that the automotive lightweight materials market is likely expand at a CAGR of 7.2% during forecast period of 2019–2027. Major enterprises from the automotive industry are eyeing the development of vehicles with advanced fuel efficiency. As a result, they are growing use of automotive lightweight materials. This scenario depicts that the manufacturers of automotive lightweight materials will gain lucrative avenues in the years ahead.

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Key Findings of Automotive Lightweight Materials Market Report

• The automotive lightweight materials market is estimated to show expansion at a CAGR of 7.2% during 2019 to 2027.
• The total valuation of market was approximately US$ 149 Bn in 2018.
• On regional front, Asia Pacific accounts for lion’s share in the market.
• China and Japan are projected to boost the expansion of Asia Pacific automotive lightweight materials market during assessment period.
• The global automotive lightweight materials market is highly fragmented in nature.

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Automotive Lightweight Materials Market: Key Driving Factors and Promising Avenues

• The global market is likely to grow at promising pace during the forecast period of 2019 to 2027. One of the important driving the market growth is growing demand for automotive lightweight materials in developing countries.
• Automotive lightweight materials find application in the manufacturing of light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and passenger vehicles. Thus, growing demand for these vehicles is likely support the growth of automotive lightweight materials market in the forthcoming years.

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• The government bodies of major developing countries across the globe are implementing stringent regulations for automotive sector. They are compelling automakers to develop vehicles that offer enhanced fuel efficiency as well as follow all regulations related to vehicle emissions. As a result, automotive companies in these countries have increased demand for automotive lightweight materials. This factor is pushing the growth of the automotive industry are boosting the market.
• In recent period, consumers across the globe are inclined toward the use of lightweight vehicles. As a result, automakers are finding ways to minimize the vehicle weight. Use of automotive lightweight materials helps to produce lightweight vehicle, which help in achieving improved fuel economy. This factor is generating tremendous demand opportunities in the global automotive lightweight materials market.

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Automotive Lightweight Materials Market: Competitive Assessment

• Major players operating in the global automotive lightweight materials market experience highly intense competitive landscape. Key reason attributed to this scenario is growing efforts of market enterprises to launch superior quality products.
• Several vendors in the automotive lightweight materials market are boosting their production capabilities. This move is helping them to fulfill the rising market demand. At the same time, many players are using strategy of introducing new production plant to advance their production capabilities.
• The list of important companies working in the automotive lightweight materials market includes Henkel AG & Co., KGaA, NovaCentrix, DuPont, Intrinsiq Materials, Inc., Vorbeck Materials Corporation, Inc, Johnson Matthey PLC, Heraeus Holding GmbH, Applied Ink Solutions, and Creative Materials Inc.

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The automotive lightweight materials market can be segmented as follows:

Material

• Metal Alloys (Magnesium, Aluminum, and Titanium)
• High-strength Steel (HSS, AHSS, UHSS)
• Composites (Carbon Fiber, Glass Fiber, and Others)
• Polymers (PP, PU, ABS, PVC, PA66, and Others)

Vehicle

• Passenger Vehicles
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

Application

• Interior
• Exterior
• Structural
• Powertrain
• Others

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Restorative Materials Market – In terms of value, the global & Asia Pacific restorative materials market is anticipated to expand at a CAGR of 7.5% from 2020 to 2030. Rise in demand for dental treatment is boosting the dental consumables segment. Dental consumables include dental restoratives, orthodontics, endodontics, and infection control products. The expansion of the dental consumables segment is driving the global restorative materials market. The restorative materials market is also expanding due to the rise in aging population, growth in number of dental clinics, increase in demand for cosmetic dentistry, and advancements in dental treatments.

Crusher Backing Materials Market – The demand for metals and minerals has been increasing in various industries. Investment in mining and exploration of these metals and minerals has increased over the past few years. This is boosting the use of crushers in the mining industry. These factors are estimated to drive the global crusher backing materials market during the forecast period. The construction industry in Asia Pacific is expanding at a rapid pace, due to the large number of projects in pipeline. This is anticipated to fuel the demand for metals, minerals, and construction aggregates in the region during the forecast period.

High Temperature Insulation Materials Market – Temperature-intensive applications require the usage of high temperature insulation (HTI) materials in order to minimize heat transfer, protect equipment from heat exposure, lower energy utilization, and reduce greenhouse gas emission. A wide range of fiber insulations are utilized in HTI applications, with varying properties such as density, form, flexibility, and fiber chemical composition. HTI materials work as effective thermal insulation materials with temperatures of 1000°C or above.

Grouting Materials Market – Grouting materials can be segmented based on type, end-user, and region. In terms of type, the grouting materials market can be divided into cement grout, clay grout, chemical grout, and jet injection grout. Cement grout is a type of grouting material that consists of hydraulic cement that readily reacts with water to form a compact product. Clay grout is a type of grouting material that uses bentonite clay for suspension of finely ground clay in water. Chemical grout uses formulations to react with water to form a gel.. Jet injection grout uses high pressure jets that radiate in voids for repairing of cracks, strengthening of damaged concrete, and filling gaps.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
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• With a successful launch in Europe, Hyundai announces plans to offer XCIENT Fuel Cell heavy-duty commercial trucks in North America and China
• Production capacity of XCIENT Fuel Cell to reach 2,000 units per year by 2021 to support expansion in Europe, the U.S. and China as demand for clean transport solutions grows
• First seven units of the world’s first mass-produced heavy-duty fuel cell truck delivered to customers in Switzerland start hauling today, emitting only water

SEOUL, South Korea and LUZERN, Switzerland, Oct. 7, 2020 /PRNewswire/ — Hyundai Motor Company today delivered the first seven units of its XCIENT Fuel Cell, the world’s first mass-produced fuel cell electric heavy-duty truck, to customers in Switzerland, with a total of 50 hitting the roads there this year. The delivery of XCIENT Fuel Cell marks the official entry of Hyundai’s commercial vehicles in the European market, a touchstone for the company’s expansion into the North American and Chinese commercial markets.

«The delivery of XCIENT Fuel Cell starts a new chapter not only for Hyundai’s hydrogen push, but also the global community’s use of hydrogen as a clean energy source,» said In Cheol Lee, Executive Vice President and Head of Commercial Vehicle Division at Hyundai Motor. «Today’s delivery is just a beginning as it opens endless possibilities for clean mobility. With successful delivery of the first XCIENT Fuel Cell trucks, we proudly announce our plan to expand beyond Europe to North America and China where we are already making great progress.»

Production capacity of the XCIENT Fuel Cell will reach 2,000 units per year by 2021 to support its expansion into Europe, the U.S. and China as demand for clean mobility grows. The increase in capacity will be backed by a USD 1.3 billion investment in addition to a previously announced USD 6.4 billion stake in establishing a hydrogen ecosystem to support creation of a hydrogen society.

In the U.S., Hyundai is collaborating with logistics leaders to supply mass-produced fuel cell heavy-duty trucks. Hyundai revealed the fuel cell-powered HDC-6 NEPTUNE Concept Class 8 heavy-duty truck at the North American Commercial Vehicle (NACV) Show in October 2019, hinting at what the future holds and Hyundai’s plans for it. To back this plan, Hyundai is partnering with companies to build a complete hydrogen value chain covering everything from hydrogen production and charging stations to service and maintenance. The North American market will also get a 6×4 tractor model. By 2030, Hyundai expects more than 12,000 fuel cell trucks to hit the U.S. roads.

Hyundai also is working with various parties in China, which aims to get 1 million hydrogen vehicles on its roads by 2030 as the country’s hydrogen industry is on a sharp growth trend, creating massive potential. Initially, Hyundai will focus on China’s four major hydrogen hubs: Jin-jin-ji, Yangtze River Delta, Guangdong Province and Sichuan Province. It is currently discussing cooperative initiatives such as a joint venture with local partners. 

Three fuel cell electric trucks are scheduled for launch in China: a medium-duty truck in 2022, a heavy-duty truck in in a couple of years, and another heavy-duty truck strategically designed for the China market. With these models, Hyundai’s goal is to achieve aggregate sales volume of 27,000 units by 2030.

A key to Hyundai’s global expansion of fuel cell trucks will be the successful launch of XCIENT Fuel Cell in Europe. The seven customers who received the first batch of XCIENT Fuel Cell trucks will haul payloads of consumer goods around Switzerland, emitting nothing but clean water. The operations will be backed by a robust green hydrogen ecosystem.

In 2019, Hyundai Motor Company formed Hyundai Hydrogen Mobility (HHM), a joint venture with Swiss company H2 Energy. HHM also is partnering with Hydrospider, a joint venture of H2 Energy, Alpiq and Linde. The customers will be leasing XCIENT Fuel Cell trucks from HHM on a pay-per-use basis that does not require an initial investment. Hyundai will take the success in Switzerland to broader European markets as Hyundai establishes solutions and partner networks in Germany, Norway, the Netherlands and Austria.

As part of its production expansion plan, Hyundai expects to supply 1,600 commercial fuel cell trucks by 2025. Currently, Coop, Migros, Traveco, Galliker Logistics, Camion Transport, F. Murpf AG and G. Leclerc Transport AG along with others have placed orders for XCIENT Fuel Cell. They will be utilizing the trucks to haul everything from food to cars around Europe.

To support the growing hydrogen ecosystem, Hyundai has a business case for more than 100 hydrogen fueling stations in Switzerland, which is enough not only for commercial vehicles, but also passenger fuel cell electric vehicles. Likewise, Hyundai plans to act as a sector coupler in bringing various players to the hydrogen value chain as part of its efforts to bring value.

XCIENT is powered by a 190-kW hydrogen fuel cell system with dual 95-kW fuel cell stacks. Seven large hydrogen tanks offer a combined storage capacity of around 32.09 kg of hydrogen. The driving range per charge for XCIENT Fuel Cell is about 400km*, which was developed with an optimal balance between the specific requirements from the potential commercial fleet customers and the charging infrastructure in Switzerland. Refueling time for each truck takes approximately 8~20 minutes.

Hyundai has been devoting itself to further develop fuel cell technology and establish the supply chain to realize a ‘Hydrogen Economy’ for a better and cleaner future, an effort receiving worldwide acclaim. Hyundai Motor’s Hydrogen Mobility Solution won the Truck Innovation Award at the International Truck of the Year (IToY) last year, and XCIENT FC won the Innovation Award in hydrogen energy and fuel cell technology at the 5th Shanghai Forum held on September this year.

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-Swedish Suspension Manufacturer Awarded Powerful 8-Axis Quantum^S ScanArm-

STUTTGART, Germany, Oct. 7, 2020 /PRNewswire/ — FARO^® Technologies, Inc. (NASDAQ: FARO), the global leader for 3D Metrology, AEC, and Public Safety Analytics, today announced that Öhlins Racing, a pioneer in advanced suspension technology, is the winner of its «Oldest Working FaroArm^® in Europe» contest. For 27 years, Öhlins Racing has put its 1993-era FARO Metrecom Arm to good use for dozens of years, demonstrating the durability and reliability of the FaroArm products. In recognition of their longevity among over 200 submissions across the region, Öhlins Racing was presented with a new FARO 8-Axis Quantum^S ScanArm System.

«We’ve been using FARO products for decades so when we learned of this contest we knew we had to be in serious contention, especially knowing the first FaroArm was developed in the early 1990s,» said Henrik Johansson, CEO of Öhlins Racing AB. «Our original Metrecom, manufactured in 1993, has never let us down. You could say it’s time to retire the arm, but it’s still going strong; regardless, we’re thrilled to add the new Quantum to our tool chest and further enhance our productivity through faster and more accurate 3D measurement.»

«The 8-Axis Quantum^S represents a new industry standard that extends maximum measurement consistency and reliability in a variety of working environments, delivering best-in-class performance for hard probing and laser scanning applications,» said David Homewood, EMEA Sales VP for FARO. «I want to congratulate and thank Öhlins Racing for being such a loyal customer over the years.» 

The Quantum^S helps manufacturers compete in the global marketplace by empowering better-quality assurance and ensuring full confidence in their products and processes. The 8-axis rotary scanning platform decreases scan times up to 40%, while maintaining accuracy – even in compact spaces. The ScanArm also features a superior ergonomic design with comfortable handles and quick swap probes that improves ease-of-use. A hot-swappable battery enables continuous cable-free operation while integrated WiFi enables optimized workflow efficiency. It is also IEC certified for shock, vibration and temperature stress.

For more information about FARO visit: www.faro.com.    

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