Process Oil Market Growth, Opportunities, Top Manufacturers, Trends, Key Segmentation, Regional Analysis, and Forecast to 2029

“Browse 274 market data Tables and 60 Figures spread through 251 Pages and in-depth TOC on “Process Oil Market””
The process oil market is set for significant growth, fueled by rising demand in the automotive, rubber, and manufacturing sectors, particularly in Asia-Pacific and North America. Innovations and increased adoption in emerging markets are key drivers.

The global process oil market is projected to grow from USD 5.2 billion in 2024 to USD 5.6 billion by 2029, at a CAGR of 1.7% during the forecast period. The process oil market has grown at a moderate rate over the last five years, owing to rising demand for finished lubricants from different sectors, including automotive, among others. Companies such as Shell (UK), TotalEnergies (France), Exxon Mobil Corporation (US), Idemitsu Kosan Co., Ltd. (Japan), and Petroliam Nasional Berhad (PETRONAS) (Malaysia) fall under the winners’ category. These are leading players in the process oil market globally. These players have adopted the strategies of partnerships, expansions, investments, and acquisitions, to increase their market shares.

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Shell

Shell is a British multinational oil and gas company. Shell is a vertical integrated and active in every area of the oil & gas industry, including production, exploration, refining, distribution, transport, marketing, petrochemicals, power generation, and trading. Shell is one of the largest oil and gas companies globally and specializes in the management of oil and gas resources.

The business segments of Shell are integrated gas, upstream, marketing, chemicals & products, renewable & energy solutions, and corporate. The company offers process oils under marketing business segment. The company is also involved in chemicals and other energy-related businesses. It produces and markets technically advanced lubricants for mining, passenger cars, motorcycles, trucks, and coaches. The company has its presence in Europe, Asia, Oceania, Africa, US, Other Americas.

Total Energies

TotalEnergies is a France-based multinational integrated oil & gas company. It is also one of the six supermajor oil companies in the world, with its businesses covering the entire chain of the oil & gas industry. The business operations of the company include the exploration and production of crude oil and natural gas, which are supplied to the power generation and transportation industries. The company also carries out petroleum refining and the marketing of petroleum products.

The company manufactures and markets rubber process oil through its subsidiary, Total Special Fluids. This subsidiary offers rubber process oil under the brand names, Plaxolene and Plaxene, which comply with Annex XVII of REACH formulated by the European Chemicals Agency to outline restricted substances. It has two production facilities located in Oudalle (France) and Bayport (US).

TotalEnergies offers specialty chemicals, fuels, lubricants, special fluids, oils, additives & special fluids, and wood pellets. It also offers products and services to solar power plants, gas & electricity plants, battery industries, and service stations. The company has a strong distribution channel and markets its products to over 130 countries, worldwide.

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Exon Mobil Corporation

Exxon Mobil Corporation is a holding company and one of the world’s largest companies in the oil & gas sector by revenue and market capitalization. Exxon Mobil markets its products around the world under the brands Exxon, Mobil, and Esso. The company operates four business segments, namely, upstream, chemical products, specialty products, and energy products.

Specialty Products is a combination of business units that manufacture and market a range of performance products including high-quality lubricants, basestocks, waxes, synthetics, elastomers, and resins. Leveraging ExxonMobil’s proprietary technologies, Specialty Products focuses on providing performance products that help customers improve efficiency in the transportation and industrial sectors. The company offers process oils under the brand names Primol, Plastol, and FAXAM. The company has presence in North America, Asia Pacific, Europe, and Middle East & Africa.

PETRONAS

PETRONAS, short for Petroliam Nasional Berhad (National Petroleum Limited), is wholly owned by the Government of Malaysia. The corporation is vested with the entire oil & gas resources in Malaysia, having a worldwide presence. It is engaged in a wide spectrum of petroleum activities and operates through six segments—petroleum products, LNG, crude oil and condensates, natural and processed gases, petrochemicals, and others. Its downstream business comprises oil refining, trading, and marketing crude oil and petroleum products as well as manufacturing and marketing petrochemical products for local and international consumption. The upstream business encompasses exploration, development, and production; LNG assets; LNG marketing and trading; and Malaysia Petroleum Management (MPM).

Idemitsu Kosan Co., Ltd.

Idemitsu Kosan Co., Ltd. (Idemitsu) is engaged in petroleum refining and manufacturing oil products. Its operating segments include petroleum, functional materials, basic chemicals, resources, power/renewable energy, and others. The company manufactures and sells fuel oils and lubricant oils in Japan and internationally. Idemitsu Kosan Co., Ltd. offers lubricants, marine and maintenance oils, metalworking and industrial oils, grease products, traction drive fluids, polyvinyl ethers, polyalkylene glycol oils, and petrochemicals such as basic and performance chemicals and engineering plastics.

The company offers processed oil products under its functional material segment.  It also explores, extracts, and sells oil & gas, coal, uranium, and geothermal resources. The company offers agricultural biotechnology products and functional animal feeds. In addition, it generates renewable energy from wind, solar, biofuel, and hydrogen. Idemitsu produces and sells electronic materials consisting of OLED materials, special polycarbonate resins, and coating materials. The company has a geographic presence in Asia, Oceania, North America, and other regions.

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Newsweek Recognizes Mindstir Media as the Top Self-Publishing Company in the U.S.

A recent article published by Newsweek acknowledged MindStir Media as the “top self-publishing company in the United States,” an accolade earned by MindStir Media after over 15 years in the book publishing business.

Mindstir Media, a pioneering force in the self-publishing industry for over 15 years, has been recognized by Newsweek as the top self-publishing company in the United States. This prestigious acknowledgment highlights Mindstir Media’s unwavering commitment to empowering independent authors and revolutionizing the publishing landscape.

Founded by accomplished author J.J. Hebert, Mindstir Media offers a comprehensive platform for writers seeking to bring their stories to life. The company’s dedication to quality and innovation has attracted partnerships with notable celebrities, including Mariel Hemingway, the granddaughter of literary icon Ernest Hemingway, and Kevin Harrington, an original Shark Tank investor. These collaborations underscore Mindstir’s influence and its role as a trusted partner for authors aiming to make their mark.

Mindstir Media’s recent venture into film adaptation further exemplifies its dynamic approach to storytelling. The company is currently working with renowned actor Jesse Metcalfe to adapt J.J. Hebert’s Amazon bestseller, “The Backwards K,” into a feature film. This project evidences Mindstir’s ability to transcend traditional publishing boundaries and its commitment to exploring new avenues for creative expression.

“We are honored to be recognized by Newsweek as the top self-publishing company in the U.S.,” said J.J. Hebert, CEO of Mindstir Media. “Our mission has always been to provide independent authors with the opportunities they deserve, and this recognition affirms the impact we are making in the publishing industry.”

With a focus on providing personalized support and cutting-edge services, Mindstir Media empowers authors to share their unique voices with the world. The company offers a range of publishing, marketing, and distribution solutions tailored to meet the diverse needs of its clientele, ensuring each author receives the attention and resources necessary for success.

The recognition by Newsweek stands as a testament to Mindstir Media’s leadership and innovation within the self-publishing sector. As the company continues to expand its offerings and partnerships, it remains dedicated to fostering a vibrant community where independent authors can thrive.

For more information about Mindstir Media and its services, please visit mindstirmedia.com.

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New Paranormal Romance by Ana Rayne: History Re-Written: The Untold Series, Book One

Supernatural Secrets Unveiled in Love

Washington, U.S. – September 18, 2024 – Ana Rayne is excited to announce the release of her debut novel, History Re-Written: The Untold Series, Book One. This thrilling story mixes love, mystery, family struggles, and emotional growth, bringing readers into a world full of secrets and danger.

In History Re-Written, we follow James, a man who gets a second chance after a near-death experience. James finds himself caught in the crossfire of his parents’ failing marriage, marked by his father’s gambling addiction and financial troubles. Feeling trapped in a home full of conflict, James seeks solace in his friendship with Rick, but his world changes when he meets Alia — a mysterious and intelligent new girl who quickly becomes the center of his thoughts.

As James’s life becomes more chaotic due to his family issues and personal doubts about his future, Alia enters as both a source of fascination and comfort. Their relationship begins with curiosity and cautious admiration, evolving into an intense connection that draws both characters closer, despite the emotional walls Alia has built around herself.

Throughout “History Rewritten,” readers are taken on a heartfelt journey of self-discovery and love. James’s bond with Alia deepens as they navigate the trials of adolescence and personal heartache. Ana Rayne beautifully portrays the innocence and vulnerability of first love, weaving in moments of passion, uncertainty, and hope. Alia, a girl with a guarded past, brings her own emotional baggage into the relationship, causing James to reflect on his own family struggles, insecurities, and desires for a better future.

“What if the history you knew wasn’t true? What if everything you’ve been told was a lie?” the author asks readers as she tells this intense story about love, courage, and finding the truth.

Rayne shared her thoughts on the book: “This story has been in my heart for years, but it took a lot of courage to publish it. History Re-Written is the first book in a trilogy that follows James and Alia as they fight to be together. I hope readers will feel connected to their journey and believe in the power of love.”

Rayne’s novel isn’t just about romance; it also explores deep emotions like despair, passion, and the search for truth. Readers who love paranormal romance will be drawn into James and Alia’s world as they face challenges that go beyond life and death.

History Re-Written: The Untold Series, Book One is now available at major online retailers and bookstores.

About the Author

Ana Rayne is a new author who loves writing paranormal stories that mix romance with the supernatural. She brings warmth and heart to her characters, drawing from her own life as a mother, animal lover, and owner of a coffee shop and roastery. When she’s not writing, Rayne takes care of her many animals, including ten dogs, three cats, and six parrots. With History Re-Written, she invites readers to dive into a world where love can overcome even the toughest secrets.

For more information or to request a media copy of the book, please contact the author at anarayneauthor@gmail.com

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Zen Nutrients and NBA Legend Dominique Wilkins Join Forces to Champion Healthy Living and Chronic Condition Management

“Dominique Wilkins”

Zen Nutrients, a leading provider of premium nutraceuticals and supplements, has announced an exciting partnership with Dominique Wilkins, the American former professional NBA player and 9-time All-Star. This collaboration aims to promote healthy living and effective management of chronic conditions like diabetes through proper diet, exercise, and supplementation.

Wilkins, who was diagnosed with type 2 diabetes in 2000, has been using Zen Nutrients’ products, including PeptideVite and The Everyday Liver Vitamin, to support his ongoing health journey. “I’m thrilled to be working with Zen Nutrients,” said Wilkins. “As an athlete and someone living with diabetes, I understand the importance of taking care of my body from the inside out.”

The partnership was driven by Zen Nutrients’ commitment to using high-quality, research-backed ingredients in their formulations. Devan Patel, COO & Co-Founder of Zen Nutrients, stated, “At Zen Nutrients, we believe in empowering people to take control of their health through natural, science-based solutions. Dominique’s dedication to healthy living and his trust in our products is a testament to the quality and efficacy of our formulations.”

PeptideVite, one of Zen Nutrients’ flagship products, is a unique GLP-1 support vitamin that aims to provide nausea relief, GI side effect support, energy support, and metabolic support when taking GLP-1 medications. Its comprehensive formula contains 17 premium researched backed ingredients like methylcobalamin (B12), L-methylfolate, pyridoxal 5′-phosphate (B6), chromium picolinate, Coenzyme Q10 just to name a few.

“Like many of us, I’m not a fan of using multiple prescriptions and vitamins to help treat a medical condition. What I love about Zen Nutrients, is that their formulas are crafted by doctors and pharmacists to be safe, effective, using premium ingredients, and made in an all-in-one formula so I don’t have to take so many vitamins at once,” Wilkins adds.

The Everyday Liver Vitamin, another key product in the Zen Nutrients line, is a comprehensive formula designed to support liver health, metabolism support, and detoxification. It contains Bergacyn® FF, a patented extract blend of bergamot citrus and Cynara cardunculus, which has been clinically shown to reduce liver fat accumulation and promote healthy weight loss in overweight individuals.

By incorporating these two products into his daily routine, Wilkins has experienced significant improvements in managing his diabetes and supporting his overall health. “I’ve seen remarkable improvements in my energy levels, weight management, and overall metabolic function since using PeptideVite and The Everyday Liver Vitamin,” Wilkins shared. “I’m excited to continue working with Zen Nutrients and share my journey with others who may be facing similar health challenges.”

This partnership represents a powerful collaboration between cutting-edge nutraceutical innovation and the pursuit of a healthier lifestyle. Together, Zen Nutrients and Dominique Wilkins aim to inspire and empower individuals to take proactive steps towards improved health and wellness, leveraging the power of natural, science-based solutions.

For more information about Zen Nutrients and their partnership with Dominique Wilkins, please visit www.zennutrients.com

About Zen Nutrients:

Zen Nutrients is a leading provider of premium nutraceuticals and supplements, committed to empowering individuals to take control of their health through natural, science-based solutions. With a focus on high-quality, research-backed ingredients, Zen Nutrients develops innovative formulations to support various aspects of health and wellness.

About Dominique Wilkins:

Dominique Wilkins is a former professional NBA player, 9-time All-Star, and Hall of Famer. Since his diagnosis with type 2 diabetes in 2000, he has become a passionate advocate for diabetes education, prevention, and healthy living.

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Urinalysis Market Projected to Surpass USD 8.97 Billion by 2031, Witnessing 9.70% CAGR Growth

Global Urinalysis Market size was valued at USD 3.9 billion in 2022 and is poised to grow from USD 4.28 billion in 2023 to USD 8.97 billion by 2031, growing at a CAGR of 9.70% during the forecast period (2024-2031).

Global Urinalysis Market size was valued at USD 4.28 billion in 2023 to USD 8.97 billion by 2031, growing at a CAGR of 9.70% during the forecast period (2024-2031).

The Urinalysis Market is driven by rise in the prevalence of diseases such as renal, diabetes, and urinary tract infections (UTIs). For instance, in a National Diabetes Statistics Report by 2020, diabetes presently exists in about 34.1 million individuals in the US aged 18 years and above. About one-third of these diabetics have kidney-related comorbidities related to blood pressure and blood sugar. Urinalysis is a noninvasive diagnostic technique that informs a physician about kidney dysfunction. Therefore, the rising incidence of renal diseases is expected to drive demand for related urinalysis goods, which in turn shall further fuel market growth. Moreover, the increasing aging population, government-sponsored awareness campaigns, and related technological advancements in urinalysis are expected to drive growth within the market during the forecast period. For instance, in July 2018, ARKRAY, Inc. and Beckman Coulter, Inc. collaborated to introduce the iQ Urinalysis Workcell-a fully automated urine analyzer.

 

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Segmental Analysis

Global Urinalysis Market is segmented by Product, Test Type, Application, End User, and region. 

Based on Product, the market is segmented into Consumables, and Instruments. 

Based on Test Type, the market is segmented into Pregnancy & Fertility Tests, Biochemical Tests, and Sediment Urinalysis.

Based on Application, the market is segmented into Disease Screening, and Pregnancy & Fertility Testing. 

Based on End User, the market is segmented into Diagnostic Laboratories, Hospitals & Clinics, Home Care Settings, and Research Laboratories & Institutes. 

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

 

Integration of Point-of-Care Diagnostics in Modern Healthcare

This is highlighted in the rising usage of point-of-care urine testing in scenarios characterized by increasing demands for rapid, point-of-care diagnostic solutions. There is technology that can enhance the ability of healthcare workers to make rapid judgments in various situations such as now results can be received instantly. Tests like this can enable early diagnosis and intervention that would greatly improve the patient’s outcome by delivering relevant information at the time of treatment. Point-of-care urinalysis helps expedite healthcare delivery by eliminating any need for laboratory processing and minimization of waiting times. This kind of testing is predicted to be integrated into more hospitals as there is a growing emphasis on efficiency and patient-centered care.

Within the last year, some of the most notable acquisitions have involved Danaher buying Beckman Coulter, a major supplier of laboratory instruments and consumables, while Abbott acquired Alere, the largest point-of-care diagnostics provider.

 

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This report covers following key players:

  • Siemens Healthineers AG  (Germany) 
  • F. Hoffmann-La Roche Ltd. (Switzerland) 
  • Cardinal Health (US) 
  • Danaher (US) 
  • Abbott (US) 
  • Sysmex Corporation (Japan) 
  • Thermo Fisher Scientific (US) 
  • QuidelOrtho Corporation (US) 
  • Becton, Dickinson and Company (US) 
  • Bio-Rad Laboratories, Inc. (US) 
  • EKF Diagnostics Holdings PLC (UK) 
  • Arkray, Inc. (Japan) 
  • ACON Laboratories, Inc. (US) 
  • 77 Elektronika Kft. (Hungary) 
  • URIT Medical Electronic Co., Ltd. (China) 
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China) 
  • Dirui Industrial Co., Ltd. (China) 
  • BIOBASE Group (China) 
  • Erba Mannheim (Germany) 
  • Alphatec Scientific E.I.R.L. (Peru) 
  • Teco Diagnostics (US) 
  • Analyticon Biotechnologies GmbH (Germany) 
  • Bioway Biological Technology Co., Ltd. (China)
  • High Technology, Inc. (US) 
  • Agappe Diagnostics Ltd (India) 
  • Toyobo Co., Ltd. (Japan) 
  • DIALAB GmbH (Austria) 
  • Quantimetrix (US) 
  • Biocare Corporation (Taiwan) 
  • Randox Laboratories Ltd. (UK) 
  • PZ Cormay S.A. (Poland) 
  • YD Diagnostics (South Korea) 
  • Contec Medical Systems Co., Ltd. (China) 
  • Biopanda Reagents Ltd. (UK)

 

Strategic Acquisitions and Technological Advances Driving Growth in Diagnostics

The key market players have adopted a strategy of growth, where growth includes the introduction of technological innovations, campaigns for introducing the products, acquisitions, and new product launches. In the UK, KDx Diagnostics, Inc. and Lister Hospital brought forward the URO17 non-invasive urine test in December 2021. This test focuses on the diagnosis of bladder cancer. It is non-invasive and allows the user to identify bladder cancer easily. With this introduction, its market position was developed. In addition, in 2022, it introduced the urine chemistry analyzer. This is a laboratory equipment that can be employed to measure many elements from the urine. They comprise glucose, protein, electrolytes among others.

Latest Technological Advances and Product Launches

Companies within the urinalysis market continually improve their offerings to enhance the detection and diagnostic capabilities of drugs and test faster. They are working hard towards developing and delivering the latest urinalysis products to keep pace with the ever-growing demand for diagnostic testing in medical facilities. These market leaders in the urinalysis market remain focused on R&D in a quest to introduce the latest products in the market and maintain their front runners’ position in this competition.

  • In September 2022, Sysmex Corporation released the UF-1500 Fully Automated Urine Particle Analyzer (UF-1500). It tests urine sediment.
  • In June 2022, at-home pregnancy test kit PregaScreen launched by Mylab Discovery Solutions and hence a woman can check whether she is pregnant on her own. The company is going to enter the female health market through this test kit.

 

 

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This report covers following segments:

A. Product

Consumables

Instruments

 

B. Test Type

Pregnancy & Fertility Tests

Biochemical Tests

 

C. Application

Disease Screening

Pregnancy & Fertility Testing

 

The Urinalysis Market is growing due to the increased frequency of chronic diseases, aging populations, and increased occurrences of kidney and urinary tract infections. Urinalysis is one of the essential diagnostic procedures for most medical professionals; it often helps in early detection of the disease and its management. Advances in technology and analytical techniques have significantly enhanced the accuracy and reliability of urinalysis. Replacing the conventional manual methods are automated and point-of-care technologies which yield immediate and reliable results.

 

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The UAE Construction Equipment Market Sales is Set to Hit 28.5 Thousand Units by 2029, with Revenue Soaring by $1.27 Billion in the Next 6 Years – Arizton

“The UAE Construction Equipment Market Research Report by Arizton”

     

According to Arizton’s latest research report, the UAE construction equipment market is growing at a CAGR of 5.70% during 2023-2029.

 

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Report Scope:      

Market Size – Volume (2029): 28.5 Thousand Units  

Market Size – Volume (2023): 20.4 Thousand Units  

CAGR (2023-2029): 5.70%   

Market Size – Revenue (2029): $1.27 Billion   

Historic Year: 2020-2022         

Base Year: 2023         

Forecast Year: 2024-2029     

 

The UAE construction equipment market is experiencing unprecedented growth, driven by the country’s aggressive investments in renewable energy and infrastructure development. With the UAE’s commitment to achieving net-zero emissions by 2050, significant funding flows into renewable energy projects are spurring demand for advanced construction machinery. The surge in projects related to energy storage, solar farms, and wind power installations has created a booming market for construction equipment, including excavators, cranes, and specialized machinery for site preparation and infrastructure.

 

The UAE Surge in Renewable Energy Funding Fuels Boom in the Construction Equipment Market

The UAE burgeoning renewable energy sector is not only advancing the country’s ambitious net-zero emissions goals by 2050 but is also driving a significant boom in the construction equipment market. Recent developments in the sector highlight the interconnected growth between renewable energy investments and construction equipment demand.

In the first half of 2024 alone, UAE energy startups secured a record $30 million in funding, surpassing the total $24 million raised throughout 2023. This surge in investment is particularly concentrated in energy storage and battery technologies, which received 33.3% of the funding, followed by solar energy firms with 25%. This financial momentum reflects a broader push towards renewable energy projects and infrastructure, which directly impacts the construction equipment sector.

The rapid expansion of renewable energy initiatives is driving a surge in demand for construction equipment. As the UAE undertakes more large-scale projects to build and upgrade energy storage facilities, solar farms, and other renewable energy infrastructure, the need for advanced construction machinery and equipment is escalating. This includes specialized equipment for site preparation, installation, and maintenance of renewable energy systems.

In addition to startup funding, significant moves by established entities are further fueling growth. In July 2024, Masdar, a leading UAE-based clean energy developer, issued a $1 billion green bond to fund new renewable energy projects. The bond’s overwhelming success, being 4.6 times oversubscribed, signals robust financial backing for upcoming projects. This influx of capital is expected to lead to increased construction activities, further boosting the demand for construction equipment.

Moreover, in August 2024, Emirates Water and Electricity Company (EWEC) introduced Clean Energy Certificates (CECs) for wind power, complementing existing solar and nuclear energy certificates. This expansion into wind energy requires new infrastructure, including wind farms and associated facilities, which will necessitate a range of construction equipment.

The combination of increased funding for renewable energy startups, major green bond issuances, and the introduction of new clean energy initiatives is creating a thriving environment for the construction equipment market in the UAE. As the country advances its renewable energy projects, the demand for construction machinery will continue its upward trajectory, driving growth and innovation within the sector.

 

Market Trends & Drivers

UAE’s National Hydrogen Strategy to Increase the Demand for Green Fuel-Integrated Construction Equipment

The country approved its National Hydrogen Strategy in Nov 2023, targeting the annual production of 15 million tonnes of green hydrogen by 2050. The UAE’s National Hydrogen Strategy aims to position the country as a global leader in hydrogen production and export, aligning with its sustainability goals.

The strategy focuses on developing a hydrogen economy, which could drive demand for hydrogen fuel construction equipment. As the UAE invests in green energy and infrastructure, construction equipment powered by hydrogen fuel may increase demand, particularly in projects supporting the country’s environmental and energy transition goals.

Growing Demand for Cranes in the Country in Response to Various LNG Projects

There is growing demand for LNG gas production projects in the UAE market. The demand for gas in the global market is expected to increase by 14% by 2030. Therefore, in 2024, Abu Dhabi National Oil Company (ADNOC) announced plans to expand the UAE LNG capacity to 126 million tons per year, increasing from 77 million tons by 2027. 

Additionally, in July 2024, Shell Overseas Holdings Limited agreed to invest in ADNOC’s Ruwais LNG project, taking a 10% stake. The project includes two LNG liquefaction trains with a combined capacity of 9.6 million metric tonnes per annum (MMtpa).

 

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Key Vendors

  • Caterpillar
  • Komatsu
  • Volvo Construction Equipment
  • Hitachi Construction Machinery
  • Liebherr
  • SANY
  • Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
  • JCB
  • Kobelco
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • CNH Industrial
  • HD Hyundai Construction Equipment
  • LiuGong
  • DEVELON
  • Tadano
  • Terex Corporation
  • SDLG
  • Manitou
  • MERLO S.p.A.
  • Yanmar
  • Fushun Yongmao Construction Machinery Co., Ltd.
  • Bomag
  • ElectroMech
  • KATO WORKS CO., LTD.
  • AUSA
  • Wacker Neuson
  • The Manitowoc Company, Inc.
  • JLG
  • AMMANN
  • Toyota Material Handling
  • Haulotte

 

Distributor Profiles

  • Abdulla Saeedi General Trading LLC
  • Anwar Al Quds Machinery
  • Kanoo Machinery
  • Al-Futtaim Auto & Machinery Company (FAMCO)
  • AL Mahroos
  • East And West Trading Est.
  • AL Waha Cranes
  • AL Marwan
  • Galadari Trucks & Heavy Equipments

 

Market Segmentation

Type

  • Earthmoving Equipment
  • Excavator
  • Backhoe Loaders
  • Wheeled Loaders
  • Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers, Motor Graders)
  • Road Construction Equipment
  • Road Rollers
  • Asphalt Pavers
  • Material Handling Equipment
  • Crane
  • Forklift & Telescopic Handlers
  • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • Other Construction Equipment
  • Dumper
  • Tipper
  • Concrete Mixer
  • Concrete Pump Truck

 

End Users

  • Construction
  • Mining
  • Manufacturing
  • Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)

 

In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the UAE construction equipment market. Request for Free Sample to get a glance at the report now: https://www.arizton.com/market-reports/uae-construction-equipment-market

 

What Key Findings Will Our Research Analysis Reveal?    

How big is the UAE construction equipment market?

What is the growth rate of the UAE construction equipment market?

Who are the key players in the UAE construction equipment market?

What are the trends in the UAE construction equipment market?

Which are the major distributor companies in the UAE construction equipment market?

    

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GCC Construction Equipment Market – Strategic Assessment & Forecast 2024-2029

https://www.arizton.com/market-reports/gcc-construction-equipment-market

Saudi Arabia Construction Equipment Market – Strategic Assessment & Forecast 2024-2029[JS1] 

https://www.arizton.com/market-reports/saudi-arabia-construction-equipment-market

 

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Grease Market Size Analysis, Opportunities, Top Manufacturers, Growth, Trends, Key Segments, and Forecast to 2029

“Browse 150 market data Tables and 100 Figures spread through 250 Pages and in-depth TOC on “Grease Market””
The global grease market is poised for significant growth, driven by increasing industrial activities and automotive demand. The market will see robust growth in Asia-Pacific and North America, with advancements in lubrication technology and a rising need for efficient machinery maintenance.

In terms of value, the grease market is estimated to grow from USD 6.2 billion in 2024 to USD 7.4 billion by 2029, at a CAGR of  3.6%. Several key factors are driving the demand for grease in the global market. Firstly, the expanding industrial sector, particularly in emerging economies, is driving significant demand for grease as it is essential for the lubrication of machinery and equipment across various industries such as manufacturing, construction, mining, and agriculture. Additionally, the rapid growth of the automotive industry, especially in regions like Asia-Pacific, is fueling the demand for grease for lubricating components like wheel bearings, chassis, and gears.

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Based on base oil, the grease market is segmented as mineral oil, synthetic oil and bio-based oil. Mineral oil continues to maintain its dominant position as the largest segment in the grease market, propelled by its wide availability, cost-effectiveness, and versatile performance attributes. The enduring prevalence of mineral oil in the grease market is driven by ongoing advancements in refining techniques, which continually enhance its quality and efficacy. Despite the emergence of synthetic and bio-based alternatives, the established infrastructure, cost advantages, and established performance track record of mineral oil underscore its enduring significance in the global grease market.

Based on thickener type, the grease industry is segmented as metallic soap thickener, non-soap thickener, inorganic thickener, and others. Metallic soap thickener dominated the overall grease market in terms of value, in 2023. With the increasing complexity and demands of modern machinery, there is a growing need for greases that can withstand extreme pressures and temperatures while providing long-lasting protection against wear and corrosion. Metallic soap thickeners excel in meeting these requirements, driving their popularity and adoption in the global grease market. As industries continue to prioritize efficiency, durability, and performance, the demand for metallic soap thickeners is expected to remain robust, fueling ongoing innovation and advancements in grease technology.

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Based on end-use industry, the grease market is segmented as automotive, construction, general manufacturing, metal production, mining, power generation, agriculture and others. The automotive industry stands as the largest consumer of grease globally, relying heavily on this lubricant for the smooth operation and longevity of critical components. With the ever-expanding global fleet of vehicles and the continuous evolution of automotive technology, the demand for high-quality grease remains consistently high. As, automotive manufacturers and service providers prioritize efficiency and reliability, the importance of grease in maintaining vehicle performance underscores its status as a cornerstone of automotive maintenance and safety.

Based on region, Asia Pacific is the largest market for grease, in terms of both value and volume, in 2023. The demand for grease in Asia is significantly driven by the thriving automotive industry, fueled by the region’s burgeoning population and rapid economic growth. With Asia emerging as a major manufacturing hub for vehicles, including cars, trucks, motorcycles, and other transportation equipment, the need for grease for lubricating critical components such as wheel bearings, chassis, and engine parts is escalating. Moreover, the increasing urbanization and infrastructure development across Asia necessitate the use of heavy machinery and construction equipment, further propelling the demand for grease in industrial applications. As countries in Asia continue to modernize and expand their transportation and infrastructure networks, the demand for grease is expected to remain robust, driven by the sustained growth in the automotive and industrial sectors. 

The key players profiled in the report include ExxonMobil Corporation (US), TotalEnergies SE (France), Shell Plc. (UK), Chevron Corporation (US), BP p.l.c. (UK) Fuchs Petrolub SE (Germany), Valvoline Inc. (US), China Petroleum & Chemical Corporation (China) among others. These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, Asia Pacific, and the Middle East & Africa. They have an established portfolio of reputable products and services, a robust market presence, and strong business strategies.

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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In-flight Internet Market worth $2.1 Billion by 2029, at a CAGR of 5.7%

“In-flight Internet Market”
The global In-flight Internet Market in terms of revenue was estimated to be worth $1.6 billion in 2024 and is poised to reach $2.1 billion by 2029, growing at a CAGR of 5.7% during the forecast period.

The report “In-flight Internet Market by Technology (Air-2-Ground, Satellite, Hybrid), End User (Commercial Aviation and Business Aviation), Service Model (Free, Paid, Freemium), Connectivity Speed and Regions – Global Forecast to 2029” The In-flight Internet market is estimated to be USD 1.6 billion in 2024 and is projected to reach USD 2.1 billion by 2029, at a CAGR of 5.7% from 2024 to 2029.

Improvements in satellite technology, such as the development of high-throughput satellites (HTS) and the deployment of Low Earth orbit (LEO) satellites, have significantly enhanced the capacity, speed, and reliability of in-flight Wi-Fi services. Innovations in antenna and onboard Wi-Fi systems have also contributed to better service quality and coverage.

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In-flight Internet Market

By Technology, the Hybrid- Based segment is projected to grow at the highest CAGR during the forecast period.

Hybrid systems leverage both ATG and satellite networks, providing more comprehensive coverage than either technology alone. ATG networks offer robust coverage over land, while satellites ensure connectivity over oceans and remote areas. This combination ensures continuous internet access across diverse flight routes. By dynamically switching between ATG and satellite networks based on signal strength, availability, and congestion, hybrid systems optimize connectivity performance. This ensures passengers experience consistent, high-speed internet without interruptions, regardless of their flight path.

By service model, the Free wifi segment is projected to grow at the highest CAGR during the forecast period.

Free Wi-Fi significantly enhances the passenger experience, making flights more enjoyable and productive. This can increase customer satisfaction and loyalty, encouraging repeat business and positive word-of-mouth recommendations. In a highly competitive aviation market, airlines are constantly seeking ways to differentiate themselves. Providing free Wi-Fi can be a compelling selling point, attracting passengers who prioritize connectivity when choosing an airline.

By end user, Commercial Aviation is projected to grow at the highest growth rate during the forecast period.

Passengers in commercial aviation, including both leisure and business travelers, increasingly expect reliable internet connectivity. This growing expectation is driving airlines to invest in and expand their in-flight Wi-Fi offerings. In-flight Wi-Fi represents a significant ancillary revenue stream for commercial airlines. Airlines can monetize connectivity through various models, such as tiered pricing, subscription services, and advertising. This potential for additional revenue incentivizes airlines to invest in Wi-Fi infrastructure.

North America holds the highest growth rate in the region for the In-flight Internet market.

North America, particularly the United States, has some of the busiest air travel routes and airports in the world, creating substantial demand for in-flight services, including Wi-Fi. Passengers in this region, driven by the prevalent use of digital devices and a strong desire to stay connected, have high expectations for in-flight connectivity. Airlines respond by offering robust options to meet these expectations. Additionally, the significant volume of business travel in North America, where reliable and high-speed internet is essential for productivity, further drives the demand for advanced in-flight services.

Viasat, Inc. (US), Gogo Business Aviation LLC (US), Panasonic Avionics Corporation (US), Thales (France), and Collins Aerospace (US) these key players offer connectivity applicable to various sectors and have well-equipped and robust distribution networks across North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.

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Dozier Law Firm, LLC Welcomes Esteemed Attorney Jon Christopher Wolfe

MACON, GA – Dozier Law Firm, LLC, a leading plaintiff’s personal injury firm with offices in Macon, Atlanta, Savannah, and Albany, is pleased to announce that Jon Christopher “Chris” Wolfe has joined the firm as a senior attorney.

Mr. Wolfe brings a wealth of experience in civil litigation to Dozier Law Firm. With a career spanning three decades, he has established himself as a formidable presence in the Georgia legal community, particularly in the area of civil litigation defense.

“We are thrilled to welcome Chris to our team,” said David Dozier, Managing Partner at Dozier Law Firm, LLC. “His extensive experience and proven track record in civil litigation will be invaluable as we continue to advocate for our clients across Georgia.”

A graduate of Mercer University Walter F. George School of Law, Mr. Wolfe was admitted to the Georgia Bar in 1993. Throughout his career, he has earned numerous accolades, including being selected to Super Lawyers for three consecutive years from 2023 to 2025. This prestigious peer designation is awarded only to a select number of accomplished attorneys in each state, recognizing them for their professional achievement and peer recognition.

Mr. Wolfe’s transition to Dozier Law Firm, LLC marks an exciting new chapter in his career as he shifts his focus from insurance defense to plaintiff’s personal injury cases. His unique perspective and comprehensive understanding of both sides of civil litigation will undoubtedly benefit the firm’s clients.

“I’m excited to join the exceptional team at Dozier Law Firm,” said Mr. Wolfe. “I look forward to using my experience in civil litigation to help injured individuals and families across Georgia receive the justice and compensation they deserve.”

With the addition of Mr. Wolfe, Dozier Law Firm, LLC further solidifies its position as a premier personal injury firm in Georgia, continuing its commitment to providing top-tier legal representation to clients throughout the state.

For more information about Dozier Law Firm, LLC and its services, please visit dozierlaw.com or contact them at 844-436-9437.

About Dozier Law Firm, LLC

Dozier Law Firm, LLC is a leading plaintiff’s personal injury firm with offices in Macon, Atlanta, Savannah, and Albany, Georgia. The firm is dedicated to providing exceptional legal representation to individuals and families affected by personal injury, helping them secure the compensation and justice they deserve.

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The Stair Lifts Market is Projected to Hit Revenue of Over $3 Billion by 2029, Highlighting Key Vendors and Innovations to Boom Your Businesses – Arizton

“Stair Lifts Market Research Report by Arizton”

   

According to Arizton’s latest research report, the global stair lifts market is growing at a CAGR of 8.9% during 2023-2029.  

 

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Report Scope:    

Market Size (2029): $3.60 Billion        

Market Size (2023): $2.15 Billion        

CAGR (2023-2029): 8.90%         

Historic Year:  2020-2022            

Base Year: 2023            

Forecast Year: 2024-2029            

Market Segmentation: Installation, Rail Orientation, User Orientation, Application, Distribution Channel, and Geography

Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa    

    

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The demand for smart stair lifts is rapidly increasing worldwide, with vendors focusing on advanced features like remote control operation and voice commands.

Among global regions, the APAC region is experiencing the most significant growth in the stair lifts market, with China and South Korea emerging as the fastest-growing countries within this region.

Government regulations and initiatives emphasizing the importance of stair lifts for improving accessibility are driving market demand. Many countries are launching programs to raise awareness and promote the acceptance of stair lifts, further enhancing accessibility for individuals in need.

According to Arizton, the global stair lifts market report highlights the presence of 37 key vendors, reflecting a highly concentrated and competitive landscape. This sector is characterized by intense competition among both local and international players. The rapid pace of technological advancements poses a challenge as customers continually demand innovative and upgraded stair lift solutions. To attract new consumers, manufacturers are increasingly offering free installation services and focusing on expanding their market reach through an extensive network of dealers and distributors. Many companies are also leveraging online platforms to broaden their consumer base. Prominent vendors in the global stair lifts market include Acorn Stairlifts, Ameriglide, Bruno Independent Living Aids, Harmar, HIDRAL, Otolift, Savaria, Stannah, ThyssenKrupp, and Vimec.

 

Key Development

In 2023, Handicare Group expanded its portfolio with the introduction of the Curved Stairlifts 4000, a twin-rail curved lift. This innovative system is custom-built to complement individual staircases perfectly. The 4000 model offers a range of automatic features tailored to specific needs, including a folding hinge to prevent obstruction of nearby doorways, a powered swivel, and a footrest for effortless use. Additionally, the rail color can be fully customized to match the customer’s home decor, and the seat can be personalized with a variety of colors in three distinct styles, the Style, the Smart, and the Simplicity. This ensures a seamless integration with any home environment.

 

Key Vendors

  • Acorn Stairlifts Inc.
  • Ameriglide, Inc.
  • Bruno Independent Living Aids, Inc.
  • Harmar
  • HIDRAL, S.A.
  • Otolift
  • Savaria
  • Stannah
  • ThyssenKrupp AG
  • Vimec s.r.l.
  • Bespoke Stairlifts Limited
  • Brooks Stairlifts
  • Cibes Lift
  • DAIDO KOGYO Co., LTD.
  • Electra Group
  • Extrema S.r.l.
  • Faboc Due srl
  • Halton Stairlifts
  • HAWLE Treppenlifte
  • HIRO LIFT
  • Hogg Liftsysteme AG
  • Lehner Lifttechnik GmbH
  • Les Escalateurs Atlas
  • Liftavator, Inc.
  • Lobsang
  • Meditek
  • Millepiani Elevators
  • MPR Lifts
  • Platinum Stairlifts
  • Precision Stairlifts
  • Prism Healthcare
  • Qingdao Sinofirst Machinery Co.,Ltd
  • SECOM
  • SUGIYASU Co., Ltd
  • SUZHOU FUJILF Elevator Co., Ltd.
  • Symax Lift
  • Tai Hee Engineering Trading Pte Ltd

 

Indoor Stair Lifts Market to Dominate the Market Share with Over $3 Billion by 2029

Indoor stair lifts are the most prevalent type of stair lifts designed for installation within buildings and homes. They are specifically intended to assist individuals with mobility challenges in navigating stairs within their residences, public spaces, or healthcare facilities. Available in various configurations, including curved and straight rail options, indoor stair lifts are particularly beneficial for people with arthritis. Notably, osteoarthritis (OA), the most common form of arthritis, affects approximately 7% of the global population.

In commercial settings, indoor stair lifts have become essential in medical facilities and corporate workplaces where accessibility is a concern. These lifts help individuals with disabilities, knee pain, or injuries move more efficiently and safely upstairs, thereby facilitating their daily activities.

For homes where stairs pose a safety risk, indoor stair lifts offer an ideal solution. Their slimline designs minimize obstruction on stairways, allowing users to fold the lift when not in use, ensuring unobstructed access to the staircase. This functionality helps individuals regain confidence and independence, enabling them to perform everyday tasks more easily.

Several companies, including Bruno Independent Living Aids, Inc., Harmar, Stannah, Extrema S.r.l., HIRO LIFT, and Precision Stairlifts, offer a range of indoor stair lift options in the market.

 

Online Segment Leads Growth in Global Stair Lifts Market

The online segment is experiencing the highest growth rate in the global stair lifts market among distribution channels. This segment encompasses major online retailers, manufacturers’ websites, and e-commerce platforms. The online shopping experience offers numerous advantages, such as convenience, competitive pricing, and a broader selection of products. Customers can purchase stair lifts from the comfort of their homes, avoiding the need to visit physical stores. Online retailers often provide lower prices compared to offline stores and include delivery options, further enhancing convenience for customers.

 

Segmentation & Forecast

Installation

  • Indoor
  • Outdoor

Rail Orientation

  • Straight
  • Curved

User Orientation

  • Seated
  • Standing
  • Wheelchair Integrated Platform

Application

  • Residential
  • Healthcare
  • Leisure & Entertainment
  • Others

Distribution Channel

  • Offline
  • Online

Geography

  • North America
  • The U.S.
  • Canada
  • Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • APAC
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • Turkey
  • South Africa
  • Saudi Arabia

 

In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the stair lifts market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/global-stair-lift-market-report-2025

 

What Key Findings Will Our Research Analysis Reveal?  

How big is the global stair lifts market?

What is the growth rate of the global stair lifts market?

Which region shows the highest growth in the global stair lifts market?

What are the key drivers of the global stair lifts market?

Who are the major players in the global stair lifts market?

  

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Electric Personal Mobility Devices Market – Global Outlook & Forecast 2024-2029

The global electric personal mobility devices market to reach USD 14.85 billion by 2029, growing at a CAGR of 6.56% during the forecast period. Explore! https://www.arizton.com/market-reports/electric-peronal-mobility-devices-market

Prefabricated Interior Staircase Market – Global Outlook & Forecast 2024-2029

The global prefabricated interior staircase market to reach USD 2.04 billion by 2029, growing at a CAGR of 4.74% during the forecast period. Explore! https://www.arizton.com/market-reports/prefabricated-interior-staircase-market

  

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Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.                                                                                       

 

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Phone: +1-312-235-2040/+1 302 469 0707    
Country: United States
Website: https://www.arizton.com/market-reports/global-stair-lift-market-report-2025

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: The Stair Lifts Market is Projected to Hit Revenue of Over $3 Billion by 2029, Highlighting Key Vendors and Innovations to Boom Your Businesses – Arizton