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Growing demand for fuel efficiency continues to remain a key reason contributing towards growth of the global specialty fuel additives marketpositively. However, imposition of government regulations is predicted to inhibit demand for the specialty fuel additives significantly. A recently compiled report by Fact.MR reveals that the global market of energy drinks is predicted to register a CAGR of 4.9% throughout 2022.

Fact.MR has announced the addition of the “Ultrasonic Thickness Gauge Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028"report to their offering.

Surge in demand for vehicles with eco-friendly features in the transportation industry has led to an upsurge in demand for battery electric vehicle globally. Increasing demand for relatively low maintenance cost of vehicles is projected to impact growth of the global battery electric vehicle market significantly in the upcoming years. A recently compiled report by Fact.MR reveals that the global market of battery electric vehicle is projected to reflect an impressive CAGR of 13.6% through 2022.

Hybrid electric vehicles are eco-friendly, include reduced emissions and reduced fuel consumption as compared to gasoline engine vehicles, hence the hybrid electric vehicle s are gaining popularity across the globe. With several stringent emission policies by various countries, hybrid electric car manufacturers are focusing on developing new hybrid electric car batteries that can be recharged quickly. Data acquisition system and remote monitoring system are being implemented in the hybrid electric vehicles to locate nearby charging stations, help in navigation, etc.

Increasing number of car accidents across the globe has made it vital for vehicles to earn top safety ratings during the crash test program. Hence, airbags in the vehicle form an important part of the safety features in the car. Most of the new cars are deploying airbags to protect occupants in frontal, rear and offset crashes with the help of airbags. However, knee airbag is considered to be one of the important safety features as they protect lower limbs. Governments and automotive governing councils across various nations have set safety standards and also provide vehicle safety ratings based on the in-vehicle safety systems.

Growing demand for security devices in vehicles has led to an upsurge in demand for the airbags in the automotive industry globally. In addition, government in various countries have imposed regulations regarding security devices in the automotive industry. These factors are expected to contribute towards growth of the global automotive curtain airbag market positively. A recently compiled report by Fact.MR reveals that the global market of automotive curtain airbag is projected to register a CAGR of 5.5% over the forecast period, 2017-2022.

Fact.MR has announced the addition of the “ Biometric Driver Identification System Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.

Automotive oil filters help to remove contaminants from the oil. Oil filter in an internal combustion engine in vehicle helps to eliminate wear particles, transfers heat to cool the engine, and lubricates internal parts. With the increase in a number of vehicles manufactured, the demand for the automotive oil filter is also rising. Hence, manufacturers are working on improving the filter design and technology to ensure it works with increased engine power. Manufacturers of automotive oil engine are also focusing on developing filters, eliminating the need to change the oil filter for a long time. Automakers are also moving towards constructing replaceable element filter, leading to minimizing waste with each filter change. Better filter efficiency is also one of the vital focus areas for manufacturers. They are offering improving filter efficiency to hold or capture even the smallest particles, ensuring better engine performance.

With rising demand for bakery and confectionery products in the food and beverage industry industrial margarine is finding extensive application in these products. Margarines act as an emulsifier, providing organoleptic characteristics to the final product and also increases shelf-life. This is fostering the demand for industrial margarine in the baking industry. Reasonable price of margarine and low fat content as compared to the butter are the key factors fueling demand in the industrial margarine market. Manufacturers in the bakery industry are using industrial margarine on a large scale to increase the sales by offering low-fat and low-calorie baked products, targeting health conscious consumers.

Increasing demand for performance efficiency is projected to fuel adoption of fuel filter in the automotive industry. Moreover, growing need to replace the clogged fuel filters is projected to impact the global market growth of fuel filter significantly. Fact.MR projects the global automotive fuel filter market to reflect a CAGR of 5.8% over the forecast period, 2017-2022.