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Catalyst Regeneration Market Global Demand, Key Players, Overview, Supply And Consumption Analysis

Catalyst regeneration is a process that renews catalysts, making them reusable after the initial usage. Regenerated catalysts are used in several processes such as reforming, which is a refinery process that converts low octane products into high octane products (reformates). Regenerated catalyst can be used for both steam and naphtha reforming. Other refining processes that make use of regenerated catalysts include hydrogenation, alkylation, hydro cracking, hydro-desulfurization and hydro-treatment.

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The catalyst regeneration market has been segmented based on three end-user applications: commercial, residential and industrial. New norms and regulations associated with waste disposal and carbon emission control have compelled industries to process their spent catalyst waste before disposing them into streams. In the U.S., spent catalysts are classified as hazardous wastes by the Environmental Protection Agency (EPA). The EPA included spent hydro-refining catalysts and spent hydro-treating catalysts to its list of wastes due to their toxic chemical content and self-heating property. Industries outsource spent catalysts to catalyst regenerators. Catalyst regenerators then enhance the properties of catalysts and distribute them to contracted clients or other buyers.

Stringent environmental regulations and high cost of catalysts are the drivers for catalyst regeneration. Furthermore, demand for offshore catalyst regeneration is increasing in emerging countries. Emerging countries prefer regenerated catalysts over fresh catalysts due to lower cost. Furthermore, strict regulations compel catalyst-based industries to reprocess spent catalysts before disposing them. All these factors are fuelling the market for catalyst regeneration, thereby increasing the market share of offshore catalyst regeneration at a rapid pace.

The offshore segment is anticipated to maintain the highest share in the catalyst regeneration application segment. Certain regulations such as, China Emission Legislation, in Asia Pacific are driving the market for offshore reprocessing of spent catalysts. Growing population in Asia coupled with demand for products from different industries, such as polymer, refinery and chemical, is generating new opportunities for the catalyst regeneration market. The overall outlook of the market players in this region has historically been of cost optimization and operational efficiency in nature. This has further fuelled the adoption of catalyst regeneration as a viable alternative.

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In 2012, Asia Pacific accounted for the highest market share, followed by North America. Countries in Asia Pacific have peak catalyst demands with increasing popularity of offshore application for this market. Europe was close behind in terms of catalysts regenerated. The region was followed by North America and Rest of the World (RoW). North American market is continuing with the utilization of fresh catalyst that is used in leading end use industries such as refinery, chemical and polymer in the region. The global market share trend of in-situ and ex-situ catalyst regeneration was replicated in individual regions as well. The Rest of the World (RoW) segment includes Latin America, the Middle East and Russia. Even though current market volumes for this segment are low, there are moderately high possibilities of market growth in the near future.

Companies such as Albemarle Corporation, Porocel Adsorbents and Catalysts & Services are expected to dominate the catalyst regeneration market. These companies accounted for more than 50% of the global market share in terms of revenue in 2012. These companies are likely to continue holding the largest market share during the forecast period. Other players in the market include Axens S.A., Bayer Technology & Services GmbH, CoaLogix and Haldor Topsoe.

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Liquid Biofuels Market Report Rising Impressive Business Opportunities Analysis Forecast

Global Biofuels Market: Snapshot

The snowballing demand for energy across the globe is helping the energy and mining industry in taking a transformational leap forward towards novel fuel types. This coupled with the rising environmental concerns is leading to the greater investments in the development of a clean source of energy. These factors collectively are forming a fertile foundation for the development of the global biofuels market. Over the past few years, biofuels have gained significant popularity since they are derived through biological processes and are environment-friendly and can replace exhaustible sources of energy.

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A report by Transparency Market Research (TMR) indicates that the global market for biofuels is expected to rise at a noteworthy CAGR of 9.6% from 2013 to 2019, reaching a volume of 24.33 billion gallons by the end of 2019. Biofuels are used in multiple applications such as automotive, marine, and railway. Besides that, they are also used in commercial heating processes. Hence, the spiraling demand from these applications is boosting the production of biofuels, particularly in the U.S. Moreover, factors such as exhausting fossil fuels, growing global population, and stringent environmental policies are stoking the growth of the market.

Slow Regeneration of Feedstock to Inhibit Market Growth

Despite an array of drivers, the demand for biofuels is much higher than the pace of feedstock regeneration, which is reflecting negatively on the demand-supply gap, thereby hampering the growth of the market. Furthermore, there are several hurdles related to existing retailing, distribution, and development channels, which are adversely affecting the growth of the market. The levels of awareness regarding the availability and benefits of biofuels are low in developing and less-developed countries, which will also limit their widespread adoption. Nevertheless, the growing investments in the research and development of new feedstocks are supporting the future of the global biofuels market.

On the basis of type, the global biofuels market is bifurcated into biodiesel and bioethanol. Bioethanol will account for a substantial share in the global arena throughout the review period. Bioethanol is a renewable fuel, which can be produced using different feedstock. Fuel suppliers combine it with gasoline in various proportions before making it available for commercial usage. The presence of a larger number of bioethanol mandates as compared to biodiesel mandates is translating into the greater production of bioethanol. Currently, the US and Brazil are at the forefront of the market in terms of ethanol production. Based on form, the market is categorized into liquid, solid, and gaseous.

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Developed Regions to Remain at Forefront of Growth Owing to Strict Government Regulations and Policies

From the geographical standpoint, the report divides the global biofuels market into Asia Pacific, Europe, North America, and Rest of the World. North America will account for the leading share of the revenue pie throughout the forecast horizon. The rising awareness regarding the advantages of biofuels over conventional fuels and stringent regulations and policies pertaining to environment conservation along with the increasing environmental concerns among the populace are contributing to the growth of the region. North America will be closely trailed by Europe, whose development will be governed by similar factors.

Asia Pacific will exhibit healthy growth during the same period. The rapidly growing population and improving economic conditions in developing countries such as China and India are supplementing the growth of the region. The abundant availability of raw materials renders the region highly lucrative, thereby attracting investors worldwide to promote the development of the market in APAC. Some of the prominent participants in the global biofuels market are Australian Renewable Fuels Limited, Renewable Energy Group, Raizen Energia Participacoes S.A, Aventine Renewable Energy Holdings Inc., BlueFire Renewables, and Solazyme Inc.

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Epoxy Resins Market: Growth Factor With Key Drivers, Industry Research, Regional Forecast

Global Epoxy Resins Market: Snapshot 

Epoxide resins, which constitute the epoxide functional group, are thermosetting polymers that are gaining popularity in the manufacturing sector due to their superior physical properties. The global epoxy resins market has benefited from the diversity of end use sectors, as steady technological progression and the need for consistent development in hardware to accompany it has made epoxy resins a vital material in the current technological scenario. The rising demand from industries such as electrical and electronics, fiber reinforced plastics, and metal coatings is likely to enable steady growth of the global epoxy resins market in the coming years.

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The global epoxy resins market is expected to reach a valuation of US$10.5 bn by 2020.

Demand for Epoxy Resins Driven by Growth of Construction, Aviation Industries 

The booming global construction industry is indirectly a prime driver for the global epoxy resins market, as the demand for epoxy resins from the paints and coatings industry is rising steadily. Epoxy resins impart stability to paint and coating formulations and are thus likely to be in demand in the coming years. The construction industry has recovered smoothly from the 2008-09 crash and is set for resurgent growth in the coming years, particularly in developing regions such as Asia Pacific and Latin America. This will remain an important driver for the global epoxy resins market.

The global epoxy resins market has also benefited from the steady growth in the use of epoxy resins in the aviation sector. Epoxy resins provide enhanced mechanical strength and high resistance to temperature extremes. The reduction in weight enabled by the use of epoxy resins is also much sought after in the aerospace industry, since it results in a significant decline in expenditure on fuel. As a result, the epoxy resins market is likely to receive steady demand from the aviation and aerospace sector in the coming years. The rising entry of private companies in the space exploration and aviation sector is also likely to have a crucial impact on the development trajectory of the epoxy resins market.

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China to Retain Dominance in Global Epoxy Resins Market, North America to Follow

The global epoxy resins market is segmented geographically into North America, Europe, China, Rest of Asia Pacific, and Rest of the World. China accounts for more than 40% of the global epoxy resins market and is likely to extend its dominance in the market in the coming years due to the rising number of companies shifting their manufacturing base there. The strong performance of the construction industry in China, which has benefited from the rising disposable income of urban Chinese consumers, is likely to remain a key driver for the global epoxy resins market.

The rapid development of the aerospace sector in North America is likely to ensure a steady share for North America in the global epoxy resins market in the coming years. The solid government support to research in aviation has been the key for the sector in North America, while the widening private investment channels are likely to further boost the epoxy resins market’s growth prospects.

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Leading companies in the global epoxy resins market include Kukdo Chemicals Ltd., DuPont, Huntsman Corporation, NAMA Chemicals, BASF SE, The Dow Chemical Company, and 3M Company. The global epoxy resin market is reasonably concentrated in the hands of a leading hierarchy and is likely to remain that way in the coming years.


Muconic Acid Market Analysis Focusing On Top Key Players (Sigma-Aldrich, Myriant Corporation)

Global Muconic Acid Market: Snapshot

Augmenting demand for nylon is anticipated to stimulate the growth of the global muconic acid market in the near future. Muconic acid is a dicarboxylic acid, obtained in three isomers, namely cis,trans-muconic, cis,cis-muconic, and trans,trans-muconic acids. These types can be distinguished by comparing the geometry around their double bonds. Currently, muconic acid has gathered focus from many industries, as it can be used as a base chemical in the preparation of products such as polyethylene terephthalate (PET), polyurethane (as adipic acid intermedisate), and nylon 6,6. Universities and companies alike have been producing muconic acid with the fermentation process using genetically modified microbial species.

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Transparency Market Research (TMR) estimates that the global market for muconic acid is expected to reach US$86.54 mn by value, by the end of 2020.

Increasing Demand for Adipic Acid to Assist Growth of Muconic Acid Market

Adipic acid, a prominent derivative of muconic acid, is expected to contribute a dominant share to the overall market of muconic acid. Adipic acid is used for various applications such as detergents, plasticizers, and coatings. However, it is prominently used as a monomer for the synthesis of nylon 6-6. Currently, adipic acid is principally manufactured from synthetic cyclohexane. However, the trend of using renewable or bio-based sources is motivating manufacturers to use muconic acid to produce adipic acid. It is anticipated that the rising demand for nylon will propel the market for adipic acid, assisting the growth of the global muconic acid market. Adipic acid has a low potential for bioaccumulation and is readily biodegradable. These eco-friendly physical and chemical properties are allowing manufacturers to use adipic acid over synthetic cyclohexane. Following adipic acid, caprolactam has garnered significant interest owing to the growth of the textile industry in developing countries and the carpet industry in developed countries. Other derivatives such as adiponitrile, hexamethylenediamine, and TPA are envisioned to be collectively form a market of US$338.3 thousand by the end of 2020.

In terms of applications, carpets and textiles is expected to hold a leading share of the overall market in the future. Furthermore, the plastic segment is expected to follow carpets and textiles to contribute the second largest share to the overall market. Plastics find key applications in the manufacturing of parts such as conveyor belts and tire cords. Other uses of muconic acid include usage in biomarkers for identifying diseases and research applications.

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North America Leads Muconic Acid Market Owing to Development in Carpets and Textiles Industry

Geographically, North America is expected to hold a commanding position in the global market for muconic acid. In this region, the carpets and textiles application segment has fueled the market’s growth owing to increasing demand for nylon. Furthermore, Europe is expected to demonstrate significant growth in the market due to the growing usage of nylon. Growth in carbon emissions and legislations laid down by governments of various countries to reduce these emissions are expected to increase usage of muconic acid for the production of nylon. The Asia Pacific market is anticipated to grow at a relatively slower rate.

The global muconic acid market is at a developing stage with presence of very few large companies. Key players in this market are striving to expand their market share at a significant rate in the coming years. The continuous research and development programs followed by researchers are expected to augment new applications of muconic acid. Prominent players in this market include Sigma-Aldrich, Myriant Corporation, and Santa Cruz Biotechnology.

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Welding Products Market Key Players, Industry Overview, Supply And Consumption Demand Analysis

Welding products have extensive applications in numerous industries including marine, manufacturing, automotive, building, and construction. From past few years, demand for welding products is increasing mainly from emerging oil and gas industries. Additionally, continuous technological advancements in welding techniques are driving growth of the global welding products market. A range of customized welding products and equipment are assisting the oil and gas companies in order to meet customer requirement. Moreover, demand for weld pipes for the construction of pipelines is positively influenced. Rapid infrastructural development and technological advancements primarily in the automotive industry are anticipated to boost demand over the forecast period.

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However, usage of welding products may lead to the health and safety issues due to these concerns, regulatory frames including American Welding Society (AWS), the European Union, ECHA, REACH, OSHA, and American National Standards (ANSI) have imposed numerous stringent regulations. These limitations are crimping growth of the global welding products market over the forecast period.

The welding products market was registered at US$19,080.3mn in 2015 and it is anticipated to attain value of US$23,777.5 mn by 2020. Growing demand for resistant welding technology from numerous applications mainly in the automotive industry for maintenance and repair are the key factors propelling the demand for welding products.

Automobile and transportation to Remain Key Application

On the basis of technology, the welding products market is segmented into arc welding, resistance welding, laser beam welding, oxy-fuel welding, and ultrasound welding. Stick electrodes, flux-cored wires, solid wires, saw wires, and fluxes, and gases are consumed more than others. Among these, the stick electrodes accounted from the larger share in the global welding products market in 2016. Presence of end-use industries in developing economies are anticipated to boost the growth of the segment. However, flux-cored wires and solid wires are expected to account for larger share by the end of year and witness faster growth in the global market owing to high performance and cost effectiveness.

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On the basis of application, the welding products market is segmented into building and construction, automobile and transportation, and marine. Among these, the automobile and transportation accounts for a major market share in 2016. The segment is projected to continue its dominance over the forecast period. This growth is attributable to growing demand for welding products and equipment in the field of aerospace, automotive, and railways for manufacture of large structural constituents.

Emerging Economies are Paving Way for Huge Growth

On the basis of region, the global welding products market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of these, Asia Pacific accounts for the leading share in the market. The market was registered at US$8,663.5 mn and is anticipated to expand with a CAGR of 4.7% over the forecast period from 2014 to 2020. Growth of the Asia Pacific is attributed to demand for arc welding in the numerous industries including building and construction, automobile, and manufacturing. Presence of numerous manufacturing firms across emerging countries including India and China is expected to fuel demand.

Some of the key players operating in the global Welding Products market are ESAB, Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric, Amada Miyachi America, Inc., Arcon Welding Equipment, LLC, Obara Corporation, and DAIHEN Corporation.

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How to Stay Productive in the University

The life of a student becomes a lot more difficult after one enters the college world. Therefore, students need to learn the skills of management to cope up with the new college lifestyle. Unfortunately, nit all students learn the required skills, which indirectly affects their productivity.  Through this article, you will learn ways to stay productive at the University.

Set Up Your Routine

It is always important to set up a routine and follow it regularly. As a student, the most important factors to set up a routine are sleeping time, wake up time, study time and leisure time. One must properly inculcate these four factors in one’s day-to-day life. It is for sure that students will have to manage other activities like having food, travel time and much more.

Diet Restrictions

A proper diet plays a significant role in every human being’s life. The same applies to students. However, students should consume a diet that helps them stay active and keeps their brain running. The more active a student is, the higher are the chances of learning new things. One can consult a dietician for the same or simply include healthy items in their regular meal such as

  • Nuts
  • Dry fruits
  • Fruits
  • Fresh juice
  • Low sugar and oil-free food

Goal Setting

A goal setting activity is necessary at every stage of a student’s life to remain productive. While working any academic work, the students should first plan and set up their goals accordingly. They have to set enough milestones to complete the task. Therefore, the best way to set up a goal is to follow the S.M.A.R.T strategy.

  • S- Specific
  • M- Measurable
  • A- Attainable
  • R- Relevant
  • T- Time-Restricted

Sometimes students tend to plan and set up their goals, but do not stick to it. In such cases, students can themselves set up consequences in case they fail to stick to a plan.

For instance, if you fail to get up early and jump into the gym, you cannot hang out with your friends that week.

Therefore, jumping into self-designed consequences mode can help you stick to your goal and also complete it on time.

Note Making 

Making notes is a very basic activity that can help every student improve their productivity. The act of note-making begins with identifying the important information around you and noting it down simply and systematically. Doing so will help you to recollect the same information in the future without missing anything.

Regular Exercise

Everyday exercise is necessary for the human body to stay fit and active. An exercise not only maintains a healthy body but also helps maintain a healthy mind. Especially as a student, you should dedicate enough time to do some physical exercise, as most of your activities are mental.  Moreover, it also helps you to relieve stress and anxiety. As a student, you need not focus on heavy exercises. s

Study Area

A separate study is mandatory for every student. You should create your own study space where you can concentrate and work on your academic needs. This study area should only have materials related to your work. Moreover, you should not use your study area apart from your education work. Doing so will make it a disciplinary habit for you to use your study area appropriately. Moreover, having a separate study area will help you concentrate on your work and get rid of unnecessary distractions.

 

Now that you know how to stay productive in the University, make sure you implement them regularly. You can stay productive for a long time if you keep avoiding things or make excuses.

 

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Top 7 Steps to Write a Quality Dissertation

When students enter a college they are introduced to a new word called “dissertation”. What exactly is it and why does it matter so much to all students? Why are most of the students afraid of a dissertation? Well, if you are an undergraduate student, you must be wondering the same.

What does Dissertation Mean?

To be simple, the important part of your course is your dissertation. It is the final project that you work upon and it marks the beginning of your future. It is a summary of your research and finding on a particular topic related to your subjects. It is mandatory for every student to submit a dissertation and score well in it to obtain a doctoral degree. Therefore, to score well, you need to focus on the quality of your dissertation. Do not get confused between a thesis and a dissertation, as both are the same.

Top 7 Steps to Write a Quality Dissertation

Step One: Brainstorming

The first and foremost step is to get some ideas for your dissertation. You can collect ideas from friends, supervisors or some other sources.  Once you finalize the idea, you will have to select the title and define your idea. Most importantly, you will have you identify the problem related to your idea and provide an appropriate solution for the same.

Step Two: Planning

Proper planning is always important for success. Make is essential that you plan your entire dissertation. Set up milestones for all activities such as research, writing, proofreading and much more. One of the key rules to complete your task on time is to keep excuses away from your bay.

Step Three: Structure

The most critical part of the dissertation is deciding its structure. The structure plays a vital role in your dissertation. Once you decide your structure and start working on it, you will not be able to able to change it in the middle. On the contract, if it becomes critical to change your structure in the middle, then it will involve a lot of extra efforts. Therefore, while planning your structure ensure that you keep all the key information in mind. The safest way to do so is to apply the basic structure, which is as follows

  • Title Page
  • Abstract/Executive Summary
  • Table of Contents
  • Introduction
  • Body
  • Conclusion
  • References/Bibliography
  • Appendices

Step Four: Research and Writing

The fourth step of a quality dissertation is researching deeply on your topic and starting to make a raw draft of your dissertation. While you research for your dissertation, ensure that you make proper note of your research to avoid any confusion later. Mostly, research relies on two types of sources

  • Scholarly: Includes sources such as books and journals.
  • Non- Scholarly: includes sources such as websites, blogs and much more.

Once you complete your research, you have to draft your raw dissertation based on all your research work. One common mistake that the students make is trying to include all the researched information in their dissertation. Sometimes, while drafting your dissertation you might realize that some of the researched information is of no use to you. In such cases, you can avoid it and continue with the rest of the researched data.

Step Five: Editing

The fifth step is editing your raw dissertation. In this step, you have to edit the styling and content according to the requirements. Moreover, make sure that make use of proper heading and subheadings while editing. Doing so will give a proper structure to your essay.

Step Six: Referencing

Referencing is a very important part of any dissertation. If in case you forget to give credits to the rightful owner of any information, it falls under plagiarism. Being a student, you should never fall prey to plagiarism as it might even get you suspended. Hence, give proper credits to every information or ideas borrowed from other sources.

Step Seven: Proofread and Review

The final step is to proofread the entire dissertation for any sort of logical, contextual and grammatical error. This step might get you into boredom; however, it is very critical to submit an error-free dissertation for good grades. Sometimes, you can also get help from a third person with a different point of view.

 

These steps are easy to follow, however, if you still find it difficult you can get help from Uniresearchers. We have the best writers, sources and tools to help you with a quality dissertation.

 

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Automotive Tubeless Tires Market Industry Size, Growth, Opportunities, and Market Forecast to 2022

According to a recently published report by Fact.MR, the global automotive tubeless tires market is predicted to surpass US$ 158 Bn in 2019, up from US$ 148 Bn in 2018 and register a healthy CAGR of over 6% during the period 2017-2022. Fact.MR analyses that steady demand for automotive tires will be upheld by their competency to operate efficiently at low temperature, pressure, and adverse environmental conditions. The study finds that escalating demand for high quality automotive tubeless tires from the manufacturers of commercial vehicles, on the back of safety concerns will hold significant growth opportunities for the automotive tubeless tires market through 2022.

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With fuel efficiency being one of the crucial growth determinants for the automotive industry, manufacturers have been adopting automotive tubeless tires to optimize the utilization of fuel, which will influence the automotive tubeless tires market, opines Fact.MR.

Positive Sales Prospects for Automotive Tubeless Tires as Comfort Remains the Priority in Consumers’ Purchase Book

As per the report, rising affinity of consumers towards comfortable riding has proliferated the adoption rate of automotive tubeless tires that offer low rolling resistance. Impressive growth in manufacturing and sales of automotive coupled with the technological innovations offering features, like lightweight, are predicted to lend lucrative growth opportunities to the automotive tubeless tires market. In addition, tubeless tires tend to optimize fuel efficiency and cause lesser vibration, thereby, enhancing the driving experience for end users. Analyzing the aforementioned factors, the study foresees promising growth for the global automotive tubeless tires market.

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Stringent Government Policies to Popularize Automotive Tubeless Tires in APEJ

The study opines that the rising concerns over road mishaps leading to the legislation of stringent laws are expected to popularize the importance of tubeless tires in the contemporary automotive. For instance, the Indian government’s stringent policy against the use of WTO-incompatible tires and tubes will translate into a favorable opportunity for the automotive tubeless tires market in the APEJ region. Cheap labor charges and high-production of rubber leading to reduced overall production costs in APEJ holds impressive growth potential with an estimated share of over 32% of the automotive tubeless tires market in 2019.

The automotive tubeless tires market of APEJ is significantly driven by China and South Korea. These regions are expected to contribute about one-third of the total automotive tubeless tires market share to this region by the end of 2022. In addition, growing sales of two-wheeler vehicles in the Asian economies are further expected to record over 35% to the total revenue share of the automotive tubeless tires market. All in all, the study predicts healthy growth for the automotive tubeless tires market in the APEJ region with a revenue of over US$ 43 Bn by the end of 2019.

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How Artificial Intelligence Can Drive Customer Intelligence in Banking

Artificial intelligence is providing more insight and better automation for businesses of all sizes in all industries. It is proving itself as a powerful tool to reduce repetitively, eliminate money and timewasting tasks, as well as increase what businesses can learn from their customer data.

What are the applications of artificial intelligence in banking?

NCR says that AI can do more than just automate tasks for banks. “…Banks should be looking at the bigger picture – how AI can not only save costs, but also open up new opportunities to design and deliver next-generation services, and revolutionize customer experience? Rather than being perceived as a replacement for people, AI can be deployed to do simple, monotonous jobs that don’t require the human touch. Consequently, the human resources within an organization are given the time to focus on more complex, nuanced jobs that could ultimately prove much more valuable, such as engaging with customers and designing new products.”

Customers who interact with banks digitally create a lot of data for banks and financial institutions to gather, analyze, and act on. Using artificial intelligence and machine learning techniques can help businesses track and understand what the needs and wants of their customers are, ultimately using this data to create better products for customers and enhancing their overall experience with your business.

Customer intelligence, as defined by Aspire Systems is “the process of gathering and analyzing information regarding customers, and their details and activities, to build deeper and more effective customer relationships and improve decision-making. CI helps businesses create an ideal customer profile, predict their wants and dislikes and engage customers at an emotional level. It also gives a better insight into the customer persona thus enabling improved targeted marketing and better analysis of customer complaints.” Ultimately. AI works to make it faster and easier to make smarter business decisions, using the plethora of business data available. This customer intelligence data can grow your business, give you a competitive advantage, and help you remain innovative.

Artificial intelligence in banking to improve the customer experience

Is using artificial intelligence in banking a good use of your business resources? Here are some of the customer experience benefits that AI can drive in your business and use customer intelligence data to improve the banking experience for customers.

1. Better personalization for a better customer

Banks aren’t retail, but they do sell products like loans, accounts, and investment services, so they need to be turned into customer data to find out how to personalize their offers to customers. Showcasing your additional abilities and products to existing companies can help drive your revenue, and using AI to help you not just understand what the smartest recommendation is but also how to develop the most personalized content that can be delivered at the right time.

2. Improved trust and customer loyalty

The Royal Bank of Scotland has 17 million customers and like most businesses, particularly banks, used upsell tactics with existing customers in order to build revenue. Some customers found this too aggressive and weren’t turned off by their efforts and marketing communications. AI helped businesses transform their customer outreach. In this particular bank’s case, this meant reaching out based on customer behavior and creating conversations that mattered, such as reaching out with advice to customers who continuously overdraft their accounts.

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Automotive Tire Market Reviews Competitive Strategies and Forecasts to 2022

The automotive tire market is projected to register a steady growth during the 2017-2022 period with the market estimated to be valued at almost US$ 300 billion in 2019. Enhanced tire performance, surging tire production, and introduction of innovative products are some of the factors fueling automotive tire market growth.

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A recent surge in the mobility service offerings across the world is fuelling demand for lightweight commercial vehicles. Growing traffic congestion, environmental concerns, and advancements in technology are gradually inducing a change in consumer perception. Mobility solutions include a wide array of services such as shared transport, on-demand transport, autonomous driving vehicles, and subscription-based transport services. These services are likely to create demand for commercial vehicles in the foreseeable future and are expected to be a vital cause contributing to the growth of the automotive tire market. According to the report, LCVs are estimated to contribute US$ 76 billion to the automotive tire market revenue in 2019.

Sustainability Key to Automotive Tire Manufacturing and Sales

Increasing focus on implementing the corporate average fuel (CAFÉ) norms and growing demand for tires which contribute to fuel efficiency are key factors prompting tire manufacturers to focus on the development of sustainable products. Additionally, the imposition of stringent government regulations to limit carbon emissions during production is creating a demand for streamlining the tire manufacturing processes. Growing consumer awareness about the adverse environmental impact of waste produced due to tires is influencing their buying patterns and driving sustainability in production.

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Automotive tire manufacturers are investing heavily in developing sustainable material and solutions to work in accordance with government regulations and accommodate for the changing consumer perception. For instance, Bridgestone announced the development of the first hybrid polymer which according to the company will substantially reduce the volume of materials required for manufacturing tires while providing high performance. Further, Bridgestone claimed that the new polymer will have a crack resistance significantly greater than normal tires making it far more durable than conventional tires.

Technological Breakthroughs to Aid in Market Proliferation

Technological headways are increasingly aiding automotive tire manufacturers to streamline their production process, attain sustainability, and cater to the changing consumer demands. The maturing industry 4.0 technologies are helping manufacturers gain greater control over the quality of production at lower costs. Additionally, sophisticated technology is providing a mechanism for manufacturers to optimize the supply chain and gain maximum profitability in the market. A recent development complementing the integration of technology in automotive tire manufacturing was when Michelin launched Vision, a 3D-printed tire using sustainable materials. The company is planning to leverage the technology for production of tires with 80% sustainable materials as constituents.

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OEMs and other tire manufacturers are aiming to leverage vehicle connectivity to further strengthen their marketing and distribution network. With potential car-to-internet connectivity on the cards in the foreseeable future, manufacturers are planning to equip their stores to allow identification of consumers in need of tires in the vicinity.



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