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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Bio-based plastics are made wholly or partially from renewable biological resources such as vegetable oils, fats, corn starch, recycled waste food waste, woodchips, straw, and sawdust. It finds applications in various sectors including aerospace, healthcare, energy, hydraulics, automotive, construction, etc.

The global interconnect solutions market for fluid conveyance is estimated to be valued at US$ 288.38 billion in 2021 and is expected to exhibit a CAGR of 6.7 % over the forecast period (2021-2028).

Recent Developments:

In August 2021, Arkema has acquired Ashland’s performance adhesives business. Ashland is leader in manufacturing of high performance adhesive for industrial application in North American region.

In August 2021, BASF SE, has opened new additive manufacturing technical center in Shanghai, China. For opening this technical center BASF has partnered with Xuberance, a Chinese 3D printing design and service company.

In December 2019, Toray Industries, Inc, has opened a R&D Innovation Center for the Future, in Shinga plant.

North America held dominant position in the global interconnect solutions market for fluid conveyance in 2020, accounting for 24.8% share in terms of volume, followed by Asia Pacific and Western Europe, respectively.  

Statistics:

Figure 1. Global Interconnect Solutions Market for Fluid Conveyance Market Value (US$ Bn), by Region, 2020

Interconnect Solutions  | Coherent Market Insights

North America held dominant position in the global interconnect solutions market for fluid conveyance market in 2020, accounting for 24.8% share in terms of Value, followed by Asia Pacific and Western Europe, respectively.

Global Interconnect Solutions Market for Fluid Conveyance: Drivers  

Rising need for solutions for fluctuating conventional raw material prices is expected to drive growth of the global interconnect solutions market for fluid conveyance during the forecast period

There is high dependence on crude oil across the globe. For instance, there is a constant demand for conventional plastic raw materials that are sourced from crude oil. Since crude oil prices fluctuate, it highly affects the conventional plastic industry. Renewable based or bio-based plastics are proven to be the best solution over such problems. As a result of this, the demand for interconnect solutions for fluid conveyance is increasing. Thus, these factors are expected to drive growth of the global interconnect solutions market for fluid conveyance in the near future.

Increasing prices of fossil materials are expected to propel growth of the global interconnect solutions market for fluid conveyance over the forecast period

For production of conventional plastics, there is a high reliance on fossil fuels worldwide. As a matter of fact, the majority of plastic raw materials are sourced from fossil fuels resources. Fluctuating prices of fossil materials are expected to show a significant increment in the near future. As a result of this, plastic manufacturing companies are investing on the development of renewable sourced raw materials, in order to reduce the reliance on such materials. Hence, these factors are expected to propel the market growth over the forecast period.

Global Interconnect Solutions Market for Fluid Conveyance: Opportunities

Rising awareness regarding green homes and cars can present lucrative growth opportunities

Consumers are increasingly aware of green homes and cars with the demand for green building materials increasing. Furthermore, consumers are preferring electric or hybrid cars over conventional gasoline cars, providing various opportunities for bio-based plastic manufacturers. Major companies in the market can capitalize on these opportunities by providing novel solutions and enhance the market presence.

Potentials in terms of cost reduction can present major business opportunities

Despite higher prices as compared to conventional plastics, bio-plastics hold cost reduction potential. This is mainly attributed to the fact that bio-plastic production does not include growing greenhouse gas emission management costs.

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Interconnect Solutions Market for Fluid Conveyance Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 288.38 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 6.7% 2028 Value Projection: US$ 490.53 Bn
Geographies covered:
  • Region: North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ, MEA
Segments covered:
  • By End-use Sector: Oil & Gas, Wind, Solar, Nuclear, Fossil Fuels, Geothermal, Hydel, Tide & Wave, Biomass & Waste, Utility (Distribution, Transmission, Generation, Others)
  • By Equipment: Pipes and Tubes, Hose, Fittings, Others  
Companies covered:

BASF SE, NaturePlast, NatureWorks LLC, RTP Company, Toray Industries Inc., Techno polymer Co. Ltd., Evonik Industries, Arkema, E. I. du Pont de Nemours and Company, and DSM NV

Growth Drivers:
  • Rising need for solutions for fluctuating conventional raw material prices
  • Increasing prices of fossil materials
Restraints & Challenges:
  • Stringent regulatory compliances and standards 
  • Several issues regarding labeling and identification

Market Trends

Rising awareness regarding bio-based plastics

Although long term effect of biochar is unknown, growing awareness of the potentiality of biochar in terms of carbon sequestration and water retention potentiality has been active, especially from the supplier side to make consumers aware of biochar potential. These include awareness programs and conferences involving entire members of biochar value chain, including local farmers, investors, and larger firms.

Rapid research and development activities is a major trend

Recently, biochar based research and development activities have gained momentum, which has provided further advantageous properties of biochar and hence it’s enhanced scope of application. This, in conjunction with the growing awareness program, is expected to enhance the scalability of biochar production in the near future involving huge firms.

Figure 2. Global Interconnect Solutions Market for Fluid Conveyance Share, By Equipment, 2020

Interconnect Solutions  | Coherent Market Insights

Key Takeaways of the Graph:

  • Among Equipment, the pipes and tubes held dominant position in the market and accounted for 47.9% share in the global interconnect solutions market for fluid conveyance in 2020. The segment is expected to reach US$ 208.49 billion in 2028, owing to the increasing demand of pipes and tubes for the gas transmission.

Global Interconnect Solutions Market for Fluid Conveyance: Restraints

Stringent regulatory compliances and standards are expected to restrain growth of the global interconnect solutions market for fluid conveyance during the forecast period

There are stringent regulatory standards when it comes to branding of products as compostable or bio-based. It is required to go through necessary certification and register the product. Such standards are difficult to comply with and may extend the time required for product launch. Therefore, these factors are expected to restrain growth of the global interconnect solutions market for fluid conveyance during the forecast period.

Several issues regarding labeling and identification are expected to hinder growth the global interconnect solutions market for fluid conveyance over the forecast period

Currently bio-plastic feedstock material is food products and there is no commercial technology available to use waste food to manufacture bio-plastics. In high population – low income regions, it is difficult to commercialize bio-plastic materials. Therefore, these factors are expected to hinder the market growth over the forecast period.

Competitive Section

Major companies operating in the global interconnect solutions market for fluid conveyance are BASF SE, NaturePlast, NatureWorks LLC, RTP Company, Toray Industries Inc., Techno polymer Co. Ltd., Evonik Industries, Arkema, E. I. du Pont de Nemours and Company, and DSM NV.

Key Developments

Major market players are focused on partnership and collaboration, in order to enhance the market presence. For instance, in February 2020, BASF SE partnered with Fabbri Group to develop a new fresh-food packaging film.

Key companies in the market are involved in partnerships and collaborations, in order to gain a competitive edge in the market. For instance, in May 2017, NatureWorks LLC partnered with Ingeo for film and rigid packaging at interact.

Fluid conveyance is a unique application that has to be handled carefully because of the various intricacies involved. The first and foremost challenge is understanding the nature and size of the transport system, while also considering various variables such as speed, fluid density, lubrication and slip. These are not a one size fits all solution. It requires an understanding of the fluid's characteristics including viscosity, permeability, boiling point, phase transition and fatigue resistance before making any decisions regarding system design. Fluid conveyance experts can give valuable advice concerning these and other important issues.

While most fluid conveyance technologies deliver high performance through components that use a combination of technologies, a very small number of systems are engineered to carry out complete operations using only one technology. Most Fluid conveyance systems are designed for high performance with high fluid power output and excellent slip characteristics. Fluid is pumped into the power chamber through a high-pressure control valve. Once there, it is transported through a hose to the desired location through a fluid hose assembly.

Market Dynamics:

Increasing investment in manufacturing is expected to propel growth of the global interconnect solutions market for fluid conveyance over the forecast period. For instance, in August 2021, NatureWorks obtained final authorization from parent companies, GC International Corporation Company Limited, a subsidiary of PTT Global Chemical Public Company Limited and Cargill Incorporated, to build a new Ingeo PLA manufacturing complex in Thailand.

Major players operating in the global interconnect solutions market for fluid conveyance are focused on adopting various business strategies. For instance, in 2020, NaturePlast invested in new equipment for the treatment of by-products.

Key features of the study:

  • This report provides in-depth analysis of the global interconnect solutions market for fluid conveyance, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global interconnect solutions market for fluid conveyance based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include BASF SE, NaturePlast, NatureWorks LLC, RTP Company, Toray Industries Inc., Techno polymer Co. Ltd., Evonik Industries, Arkema, E. I. du Pont de Nemours and Company, and DSM NV
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global interconnect solutions market for fluid conveyance report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global interconnect solutions market for fluid conveyance

Detailed Segmentation:

  • Global Interconnect Solutions Market for Fluid Conveyance Market, By End-use Sector:
    • Oil & Gas
    • Wind
    • Solar
    • Nuclear
    • Fossil Fuels
    • Geothermal
    • Hydel
    • Tide & Wave
    • Biomass & Waste
    • Utility
      • Distribution
      • Transmission
      • Generation
      • Others 
  • Global Interconnect Solutions Market for Fluid Conveyance Market, By Equipment:
    • Pipes and Tubes
    • Hose 
    • Fittings
    • Others   

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By End-use Sector
      • Market Snippet, By Equipment
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Interconnect Solutions Market For Fluid Conveyance, By End-use Sector, 2017-2028 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Voice Oil & Gas
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Wind
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Solar
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Nuclear
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Fossil Fuel
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Geothermal
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Hydel
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Tide & Wave
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Biomass & Waste
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Utility
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
        • Distribution
        • Transmission
        • Generation
        • Others
  5. Global Interconnect Solutions Market For Fluid Conveyance, By Equipment, 2017-2028 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Pipes & Tubes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Hose
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Fittings
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Billion)
  6. Global Interconnect Solutions Market For Fluid Conveyance, By Region, 2017-2028 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By End-use Sector, 2017–2028 (US$ Billion)
      • Market Size and Forecast, By Equipment, 2017–2028 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By End-use Sector, 2017–2028 (US$ Billion)
      • Market Size and Forecast, By Equipment, 2017–2028 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of LATAM
    • Western Europe
      • Regional Trends
      • Market Size and Forecast, By End-use Sector, 2017–2028 (US$ Billion)
      • Market Size and Forecast, By Equipment, 2017–2028 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Germany
        • France
        • U.K.
        • Spain
        • Italy
        • NORDIAC
        • Benelux
        • Rest of WE
    • Eastern Europe
      • Regional Trends
      • Market Size and Forecast, By End-use Sector, 2017–2028 (US$ Billion)
      • Market Size and Forecast, By Equipment, 2017–2028 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Russia
        • Poland 
        • Rest of EE
    • APEJ
      • Regional Trends
      • Market Size and Forecast, By End-use Sector, 2017–2028 (US$ Billion)
      • Market Size and Forecast, By Equipment, 2017–2028 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • ASEAN
        • ANZ
        • Rest of APAC
        • Japan
    • MEA
      • Regional Trends
      • Market Size and Forecast, By End-use Sector, 2017–2028 (US$ Billion)
      • Market Size and Forecast, By Equipment, 2017–2028 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC
        • North Africa
        • South Africa
        • Rest of MEA
  7. Competitive Landscape
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NaturePlast
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NatureWorks LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • RTP Company.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Toray Industries Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Techno polymer Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Evonik Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Arkema.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • I. du Pont de Nemours and Company.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • DSM NV.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse Interconnect Solutions Market for Fluid Conveyance data tables and XX figures on “Global Interconnect Solutions Market for Fluid Conveyance - forecast to 2028”.

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Frequently Asked Questions

Global interconnect solutions market for fluid conveyance size is estimated to be valued at US$ 288.38 Billion in 2021 and is expected to exhibit a CAGR of 6.7% between 2021 and 2028.
Rising need for solutions for fluctuating conventional raw material prices and increasing prices of fossil materials are the factors fuelling growth of market for fluid conveyance.
The pipes and tubes segment is the leading component segment in the market for fluid conveyance.
Stringent regulatory compliances and standards and several issues regarding labeling and identification are factors hindering growth of the market for fluid conveyance.
BASF SE, NaturePlast, NatureWorks LLC, RTP Company, Toray Industries Inc., Techno polymer Co. Ltd., Evonik Industries, Arkema, E. I. du Pont de Nemours and Company, and DSM NV
North America region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by increasing demand for oil and gas transmission in the region.
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