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Natural Fragrance Chemicals Market Size, Growth, Trends and 2025 Forecast Report
Natural fragrance chemicals are aroma compounds physically received from plants, fruits, and spices through extraction, distillation, and expression. Fragrance chemicals that are obtained through natural resources are called natural fragrance chemicals. These naturally obtained chemical substances do not include any levels of toxicity. Natural fragrance chemicals are preferred over synthetic fragrance chemicals due to the rise in consumer awareness about the benefits of using natural products. However, these chemicals are expensive compared to synthetic fragrance chemicals. Also, they possess non-toxic properties.
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Demand for natural fragrance chemicals is expected to rise, due to the rise in trend of using natural-based ingredients, especially in personal care and other consumer products. Natural fragrance chemicals are intensely associated with product identity due to their capability to trigger emotions. Therefore, it is one of the primary reasons that directly affects consumer inclination toward natural fragrance chemical based cosmetic and personal care products.
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This shift in consumer preference toward naturally obtained fragrances is anticipated to drive the natural fragrance chemicals market during the forecast period. Implementation of government regulations on synthetic products is anticipated to boost the natural fragrance chemicals market during the next few years. However, the usage of synthetic fragrance chemicals for large volume applications, which offer relatively better performance with lower cost, is expected to hamper the natural fragrance chemicals market during the forecast period.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Potassium Dichromate Market Analysis by Recent Trends, Development and Growth Forecast by Regions and Applications to 2022
Potassium dichromate is a brightly colored and highly toxic inorganic chemical with a wide array of industrial applications. Its chemical formula is K2Cr2O7. It is found in crystalline solid powdered form which is orange in color. Potassium dichromate market is used for preparing cleaning solutions for glassware and etching materials. It is employed extensively in leather tanning, cement, photographic processing, and wood staining applications. It can be used for the production of chrome alum, chromium oxide green, chrome yellow pigments, welding electrodes, and printing inks. Potassium dichromate can also be used in tanning agents, enamel coloring agents, and dyeing mordants. It is used as an oxidizing agent in many applications.
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Potassium dichromate is also used to prepare various products such as paints, glues, and waxes. It is produced in laboratories on a large scale by reacting potassium chloride (KCl) with sodium dichromate (Na2Cr2O7). Potassium dichromate is odorless and is readily soluble in water. It is also denser than water. Potassium dichromate is also obtained from its related compound, potassium chromate (K2CrO4), which reacts with acids to give the dichromate salt. It is a stable solid under normal conditions, but decomposes upon heating to give potassium chromate (K2CrO4) and chromic anhydride (CrO3). Potassium dichromate is highly corrosive and a strong oxidizing agent. It is widely used in wood preservatives, in the manufacture of pigments, and in photomechanical processes; however, it is primarily replaced by sodium dichromate for its applications.
Increase in demand for potassium dichromate in the building & construction industry owing to rapid industrialization and urbanization is one of the major factors propelling the potassium dichromate market. Rise in demand for potassium dichromate for usage in manufacture of cleaning agents is also augmenting the potassium dichromate market. Growth in demand for potassium dichromate in photography application, owing to its compatibility of being used as an oxidizing agent with strong mineral acid, is also propelling the potassium dichromate market. Wide applications of potassium dichromate in the leather industry due to its rising usage in leather tanning is further boosting the market.
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Implementation of stringent government regulations on its usage coupled with chronic health hazards such as ulcerations, shortness of breath, bronchitis, pneumonia, lung cancer, genetic defects, asthma, and skin irritations on prolonged exposure to human beings is hampering the potassium dichromate market. Furthermore, various environmental hazards are associated with the usage of potassium dichromate. These include damage to aquatic life. Hence, certain regulations and clearances need to be implemented regarding the disposal of potassium dichromate. This is likely to restrain the potassium dichromate market.
Based on method of manufacturing, the potassium dichromate market can be segmented into industrially produced potassium dichromate and derived potassium dichromate. It is produced industrially by reacting potassium chloride (KCl) with sodium dichromate (Na2Cr2O7). It is also derived from its related compound, potassium chromate (K2CrO4), which reacts with acids to give dichromate salt.In terms of end-use industrial application, the potassium dichromate market can be divided into building & construction industry, cleaning agents industry, photography industry, and leather industry.
Based on geography, the potassium dichromate market can be segregated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific is a rapidly growing market for potassium dichromate owing to the expansion in the building & construction industry in the region. Asia Pacific is also the fastest growing region for cleaning agents, led by the rise in population in the region. Improvement in standard of living and growth in disposable income of consumers have contributed to the overall growth of the potassium dichromate market. Europe and North America follow Asia Pacific with similar trends of growth .
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Rubber Anti-Caking Agents Market Research by Key players, Type and Application, Future Growth to 2022
Rubber Anti-caking agents market are essentially finely powdered materials used as additives to prevent the formations of lumps in food or other mixes. Anti-caking agents are soluble in water in nature, while some are also soluble in organic solvents and alcohol. They are applied as layer on the matrix to ingest excess moisture or to create a water-repellent coating on the surface. Some of the commonly used anti-caking agents are tricalcium phosphate, sodium bicarbonate, sodium ferrocyanide, powdered cellulose, and others. Anti-caking agents are used in a number of industries such as food and beverages, cosmetics, fertilizers, rubber and detergents.
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Rubber anti-caking agents can be classified on the basis of source, solubility and region. Sources include natural and synthetic (man-made) agents. Natural anti-caking agents such as calcium carbonate and magnesium carbonate have extremely high costs and hence synthetic agents face higher demand. By product solubility, rubber anti-caking agents are segmented into water soluble, organic solvent soluble, and alcohol soluble.
The report by Transparency Market Research (TMR) offers an evaluation of the global rubber anti-caking market, taking into account its growth drivers, restraints, and business prospects.
Generally, anti-caking agents are used in a number of industries such as cosmetics, fertilizers, food, detergents, and rubber. Different agents used for actual applications include calcium silicate, magnesium stearate, sodium aluminosilicate, potassium stearate, and silicon dioxide. Potassium stearate is the anti-caking agent that is specifically used in the rubber industry. Potassium stearate is a type of anti-caking agent that is widely applied in acrylate rubber soap or sulfur and vulcanized system. Potassium stearate is an anionic surface active agent. The recent surge in packaging and transportation sectors is a significant factor anticipated to boost the global rubber anticaking agents market.
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The global rubber anti-caking agents market is analyzed geographically with reference to the regions of North America, South America, Europe, Asia Pacific, the Middle East and Africa. Among these, Asia Pacific held a substantial market share in 2016 and is expected to keep leading the regional markets. The population boom in the region, on account of countries like India and China, will bring about an upswing. Additionally, the swiftly progressing industrialization is expected to fuel market growth.
Growing automobile and other industries utilizing rubber or rubber products are on the rise in North America and Europe. Thus these regions too cater towards market demand and hold key market shares. These regions have highly matured industries and are expanding at a healthy pace.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Unidirectional Tapes Market Current Trends and Future Aspect Analysis 2025
Unidirectional tapes market are used as standard materials in automotive and aerospace industries. The fiber is usually impregnated with thermosetting resins. Unidirectional tapes are composite materials that are generally based on carbon fiber or glass fiber. These tapes are manufactured using several thermoplastic resins and can be customized according to the application. Appropriate sizing of the carbon or glass fiber confirms optimal bonding to the plastic. Hence, unidirectional tapes possess outstanding mechanical properties.
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Unidirectional tapes is a key segment of the composites market. Increase in demand for these tapes in high-strength lightweight components in automotive applications is anticipated to drive the unidirectional tapes market during the forecast period. Rise in government pressure on improving fuel efficiency is also estimated to boost the demand for lightweight components. This, in turn, is projected to propel the unidirectional tapes market during the next few years. However, availability of various internal and external substitutes is likely to restrain market growth.
Glass fiber and carbon fiber unidirectional tapes possess competitive physical properties such as high toughness, strength and stiffness, and low density. These tapes provide exceptional chemical resistance. Therefore, they are employed in applications such as automotive, sports & leisure, and various industrial applications.
The common process of manufacturing unidirectional tapes is to draw collimated raw strands into prepreg machine. In the prepreg machine, the strands along with molten resins are combined using pressure and heat. The mixture of resins and fibers generally travels between coated carrier papers/films through the machine for the ease of discharge.
Unidirectional tapes are used for applications such as lightweight automotive body parts and structural components. Unidirectional tapes required for auto components are produced through technologies such as back injection molding and thermoforming.
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Sports goods are also expected to offer growth opportunities to the unidirectional tapes market during the forecast period due to rising demand for lightweight and high strength equipment in order to maximize the athletes’ performance. Unique properties of unidirectional tapes such as good chemical resistance, high impact strength, and damping make them preferable in industrial applications.
In terms of consumption, North America held the major share of the global unidirectional tapes market, followed by Asia Pacific and Europe, in 2016. Asia Pacific accounted for large share of the unidirectional tapes market in terms of production in 2016. Asia Pacific is expected to provide lucrative opportunities to the unidirectional tapes market during the next few years due to the rapid growth in the automotive industry and increase in need for lightweight materials for the production of auto components in the region.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Well Stimulation Materials Market | Trends, Share, Growth Rate, Opportunities and Market Forecast 2018-2025
The report includes a highly detailed description of the global well stimulation market compiled by using state-of-the-art analyses techniques. Due to the rapid rise in exploration for detecting and extracting such fuel sources around the globe, the global well stimulation materials market growth is anticipated to gain a large boost along with numerous new opportunities. Many reserves of shale oil and natural gas are still lying untapped, which make up for a bright futuristic scenario for the utilization of well stimulation materials.
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According to the report, the global well stimulation market is likely to be divided into several segments depending on three criteria: well stimulation technology, stimulation material types, and regional spread. As per the stimulation method, hydraulic fracturing and acidization could be the two main market segments. Based on the stimulation material type, proppants and base fluid materials are the two main segments. All these segments are further divided into sub-segments, which are described in detail in the report.
The report for the global well stimulation materials market has been compiled using primary as well as secondary research data. Competitive landscapes, newest trends and future opportunities, geographical dominance, and several other aspects have been covered in-depth in the report.
As mentioned before, there are still numerous shale oil and natural gas reserves that are waiting to be exploited. This availability of untapped resources is a prime driver for the global well stimulation materials market. Each year, new methods for fracturing and acidizing are being developed, which could be responsible for boosting the market up to a considerable extent. All of these factors that promise to provide a fillip to the global well stimulation materials market are described in detail in the report.
From a restraints’ perspective, rising concerns about negative environmental effects due to over-exploitation and fossils fuels, especially by using chemicals could be a significant obstacle to the global well stimulation materials market. Coupled with factor are the low prices of crude oil in current times, which slow down the market growth. However, there are many studies being held all over the globe, which deal with bringing down the environmental effects caused by fossil fuel extraction and use. By controlling the processes properly, effects of the restraints can be greatly decreased.
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According to the report, from a regional perspective, the top spot for market shares regarding well stimulation materials is held by North America, with Europe and Asia Pacific claiming the second third position, respectively. Numerous prominent market players are based out from the North American region, which also has greatly contributes towards the regional market share. From a worldwide perspective, the global well stimulation materials market is expected to gain a substantial growth, especially as the number of drilling instances are witnessing a rise in different sectors. As the demand for oil, shale gas, and other such fossilized fuel derivatives rises, the number of wells drilled in different regions is anticipated to increase. Due to this, the well stimulation materials market from a geographical perspective is predicted to remain stable.
According to the report, the market for well stimulation materials is significantly consolidated, with the top five market players encompassing at least 50% of the total market shares. There has been a substantial rising demand from drilling industries for quality well stimulation materials, thus influencing the relevant market players to increase their investments. In this way, a healthy competition exists amongst all the competitors, which is expected to continue in future. Some of the main market players are: Akzo Nobel NV, Linde Group, Chevron Philips Chemical Company LLC, FMC Corporation, CARBO Ceramics Incorporated, US Silica Holdings Incorporated, and many others.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Textile Finishing Chemicals Market Growth Analysis By Manufacturers, Regions, Type And Application, Forecast Analysis
A product receives it desirable end-use qualities through application of textile finishing chemicals. These chemicals improve or facilitate change on the surface characteristics of the fiber, in accordance to the application that is desirable. These chemicals are used by textile materials, yarns and fibers in a bid to improvise upon its properties. Textile chemicals render résistance to specific environmental factors, attractiveness the durability to textile products. pH regulators, dye-protective agents, dispersing agents, surfactants, dyes, etc comprise many different textile finishing chemicals that are currently available in the market.
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The market intelligence study titled “Textile Finishing Chemicals Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” delves into the prospect of growth of the world market for Textile Finishing Chemicals. It also assesses the sequential growth of the said market over the forecast timeframe that extends from the year 2017 to 2025. The said report also includes various non-pervasive and pervasive inclinations have also been mentioned in the said report. A thorough overview of the market with the analysis of Porter’s five forces has been offered so to present a clear and concise vendor landscape of the market to the reader. The study also points at acquisitions, corroborations, important conglomerates, mergers and numerous research and development activities. The companies that have been profiled in the report come with thorough examination based on their marketing strategies, prime products and market shares.
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In terms of geography, the international market for textile finishing chemicals has been classified into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The region of Asia Pacific held a maximum share of the world market for textile finishing chemicals in the year 2016. Improved standard of living across Asia Pacific together with increased consumption of textiles for the purpose of many different applications is anticipated to bolster the regional market. The demand for textiles in India and China are soaring and that is foreseen to drive the regional market. Soaring demand for many products like sports apparel, footwear, and various other leisure and sports products in various developing countries, expanding base of human population, and fast urbanization are some of the prime factors that are foreseen to encourage the market over the period of forecast that expands from the year 2017 to 2025. The expanding manufacturing and industrial segments in the region of Asia Pacific are influencing the said market positively. Soaring penetration of textile finishing chemicals in protective clothing applications and transportation owing to the presence of countless manufacturing units in China and is expected to spearhead the market for textile finishing chemicals in China. Furthermore, owing to the expansion of industries such as healthcare, chemical, and automotive in countries like India, Malaysia and South Korea the said market is poised for growth in the region.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Carbon Fiber Market to Drive the Demand in Aviation and Automotive Segments, Expanding at a Thriving CAGR of 6.8% from 2018-2026
The global carbon fiber market is projected to witness huge revenue generation during the forecast period 208-2026. The competitive outlook of the market is intense and is fragmented owing to the limited presence of few key players. Due to its unique characteristic of being light in weight, carbon fibers create useful and versatile products for an array of markets. Transparency Market Research in a recent published report notifies some of the prominent and established players which include Toray Industries Inc., Teijin Carbon, SGL Group, Kureha Corporation, and Mitsubishi Rayon Co. These players in the coming years are also expected to enter into strategic acquisitions. This will not only help companies in enhancing their product range but also help in increasing the production capacity and geographical expansion as well.
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The global carbon fiber market is anticipated to offer growth opportunities worth US$3.4 bn by the end of 2026. In addition to this, the market exhibits a thriving CAGR of 6.8% globally. On the basis of application, the global carbon fiber market is divided into wind energy, automotive, marine & oil and gas, construction, sports and leisure, aviation and aerospace. Carbon fibers are extensively used in the interior and exterior parts of automotive segments which include vents, door pillars, and caps. As per technology, the global carbon fiber market is segmented into filament winding, prepreg layup process, pultrusion process, and injection molding. The global carbon fiber market is also classified as per product into pan-based and pitch-based.
Based on region, the global carbon fiber market is geographically segmented into Europe, North America, and Asia Pacific. Of these, Asia Pacific is likely to dominate the market due to the rapid growth in industrialization and urbanization. Having said that, the majority of the demand is observed in aerospace industry especially in North America.
The global carbon fiber market is likely to drive the demand due to the increasing need for fuel-efficient vehicles and introducing new and innovative products. The most rewarding application of carbon fiber is wind turbines as the demand and consumption of green energy is growing. The lightweight property of carbon fiber helps in enhancing its efficiency whereas, the tensile strength facilitates the wind turbines to even survive under bad weather. The governments of various regions are encouraging wind energy industries to use materials which are extensively used in manufacturing of an aircraft. Metal is getting replaced by carbon fiber, due to its lightweight feature in various automotive applications which ultimately leads to reduced fuel consumption. All these factors are expected to witness a growth trend in the global carbon fiber market in the forecast period.
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While the carbon fiber market is spreading across major industries, however there are some factors which are likely to challenge the global market. The carbon fibers are highly expensive and lack production. Due to its high-cost, many small scale businesses are not able to buy these lightweight carbon fibers. Other than this, the carbon fibers cannot be fixed again once there is a crack or some damage. The carbon fiber material will not be as strong as it was before the damage. In such cases, either the carbon fiber should be discarded or a new one should be used instead.
The aforementioned information is comprised into Carbon Fiber Market (Product – PAN-based, PITCH-based; Technology – Prepreg Layup, Pultrusion, Filament Winding, Press and Injection Molding; Application – Automotive and Transportation, Construction, Aerospace and Defense, Sports and Leisure, Marine and Oil & Gas, Wind Energy) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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With Widespread Progress Witnessed by the Construction Domain, Fly Ash Market to Grow at 7.1% CAGR
The global fly ash market depicts a highly fragmented and competitive vendor landscape, owing to the presence of numerous players, says Transparency Market Research on the basis of a recently published report. The competition is expected to get tougher with the entry of new players on a regular basis in the market.
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Most vendors are aiming towards producing good quality fly ash, which is a prime component of cement used in the construction industry. Many businesses also intend to improve the quality of their respective products as a chief strategy to outshine their rivals. Other schemes wherein an extensive focus has been imparted by most companies involve product differentiation, expansion of product portfolio, and increasing geographical reach. Regulating costs of fly ash to benefit overall construction costs also is a key strategy associated with most businesses present in the global fly ash market. Boral Ltd., Cemex S.A.B. De C.V., LafargeHolcim Ltd.., Waste Management, Inc., Charah, LLC, Separation Technologies LLC. (A subsidiary of Titan America LLC), and Cement Australia Pty Limited, are key players operating in the global fly ash market.
According to experts from Transparency Market Research, the global fly ash market had gained revenue worth US$5,237.1 mn 2017, which is further expected to grow up to US$9,080.9 mn by the end of 2025. This growth is projected to occur at a fantastic CAGR of 7.1% during the forecast period from 2017 to 2025.
Fly ash finds extensive application in the construction industry, as it is a crucial component of concrete structures. Such a mammoth use of the substance is primarily responsible for driving the global fly ash market. Fly ash is also used extensively in concrete owing to its sturdiness, high strength, long shelf life, and an ability to mix well with other materials. Such favorable properties has increased demand for fly ash by several notches, consequently propelling growth in the global fly ash market.
With rampantly increasing construction activities in several developing as well as developed economies, the demand for fly ash is progressively rising, thus expanding the associated market. Many governments are increasing their focus on ramping up infrastructural setup and roads, wherein fly ash is notably required. Lastly, as fly ash is a type of waste material generated through coal-fired electric power plants, it is highly viable for use in construction-based activities, as compared to being dumped in the form of garbage, thus protecting the environment.
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However, production fly ash is a prime environment polluter, thus acting as a chief obstacle to the global fly ash market’s growth. Moreover, the global fly ash market is highly restrained owing to lack of raw materials required to manufacture the material in underdeveloped and certain developing economies. Due to this reason, procurement of the ash has become largely difficult, thus discouraging companies from undertaking construction in such regions. In some economies, very low profit margins exist in the production of fly ash and its cement products. This scenario mainly exists due to the required raw materials being highly expensive; furthermore this expense could pass on to the customers in the form of steep product costs. However, many businesses are expected to introduce several cost-regulated fly ash varieties, thus offsetting most of the restraints affecting the global fly ash market.
The information presented in this review is based on a Transparency Market Research report, titled, “Fly Ash Market (Type – Class C and Class F; Application – Cement & Concrete, Structural Fills, Mining, Waste Stabilization, and Road Construction) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Biosurfactants Market to be Driven by Fluctuating Crude Oil Prices from 2014 to 2020
U.S.-based market research and intelligence firm Transparency Market Research (TMR) has recently published a new market research report. The research report is titled “Biosurfactants Market – Global Scenario, Raw Material and Consumption Trends, Industry Analysis, Size, Share and Forecasts 2011 – 2018”. The report presents a complete picture of the biosurfactants market, including a market overview, product segmentation, and vendor landscape. According to the research study, the global biosurfactants market is anticipated to grow progressively at a 3.5% CAGR between 2014 and 2018. The global biosurfactants market, which stood at US$1,735.5 million in 2011, is expected to reach US$2,210.5 million by the end of 2018. In
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terms of volume, the global biosurfactants market is anticipated to record a total volume of 476,512.2 ton in 2018. 21% of the total consumption by volume will occur in developing economies such as many in Africa, Latin America, and Asia.
Increasing regulatory encouragement for the usage of biosurfactants, rising awareness regarding the environmental impact of synthetic surfactants, and fluctuating crude oil prices are expected to drive the demand for biosurfactants in the forecast period. However, low availability of critical feedstock and lack of cost-competitiveness of biosurfactants against their synthetic counterpart are acting as restraints on the biosurfactants market globally.The report presents the product segmentation of the global biosurfactants market, including sucrose esters, methyl glucoside esters, fatty acid N-methylglucimides, methyl ether sulfonates (MES), anionic APG derivatives, alkyl polyglucosides (APG), rhamnolipids, sorbitan esters, alkyl polypentosides (APP), sophorolipids, and others.
The global biosurfactants market finds application in varied industries owing to the wide range of products on offer in the market. The end-use industries using biosurfactants products include industrial and institutional cleaners, agricultural chemicals, personal care, textiles, household detergents, oilfield chemicals, food processing, and other industries. As per the report, the personal care and household detergents application segments of the global biosurfactants market will dominate the global market, collectively holding more than 56.8% of the total market by the end of 2018.
The global biosurfactants market has been segmented geographically into four regions, which are Asia Pacific, Europe, North America, and Rest of the World. Among these regional segments, Europe is anticipated to lead the global biosurfactants market, accounting for 53.3% of the total market by the end of 2018. Europe will continue its dominance in terms of revenue as well as volume and will be followed by North America. The research report has further covered the product segmentation and the market revenue estimates and forecast as per each geographical segmentation through the forecast period.
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The research report states that the global biosurfactants market is a consolidated market. The report also provides an in-depth analysis of the competitive landscape of the global market, including company overview, business strategies, and recent developments. The SWOT analysis of the global biosurfactants market helps in understanding the opportunities and threats facing the major market players. Some of the prominent players of the global biosurfactants market mentioned in the research report are Saraya, Basf-Cognis, Urumqi Unite, Mg Intobio, and Ecover.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Polyethylene Terephthalate (PET) Market: Players to Win High Profit Margins with 100% Recyclable PET Packaging
The global polyethylene terephthalate (PET) market has been predicted by Transparency Market Research (TMR) to bear a significantly fragmented characteristic due to the presence of several industry players. According to a market research publication penned by TMR, five companies, viz. DAK Americas, Octal, Jiangsu Sanfangxiang, M&G Chemicals, and Indorama Ventures, had secured an aggregate approximate share of only 39.0% in the recent 2015. In the next few years, the market could testify an intense level of competition due the enormous count of PET resin suppliers and low switching expenses.
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As per the TMR report, the global PET market has been anticipated to earn around US$39.16 bn by 2024 from US$23.73 bn in 2015 at a 5.80% CAGR for the forecast timeframe 2016–2024. By application, beverages could remain as a dominant market for PET. By region, Asia Pacific has been foreseen to rise with a higher share, considering its over 35.0% share achieved in 2015.
Players operating in the global PET market have been expected to make continuous efforts to introduce new offerings for cementing their position with a handsome share in future. Furthermore, expansion could be a prime strategy adopted for achieving full chain margins, lowering operational expenses, and improving global capacity share. For instance, in 2015, Reliance Industries Ltd. (RIL) had publicized the commissioning of PET resin plant of 650 KTA capacity and purified terephthalic acid (PTA) capacity of 1,150 KTA in Gujarat. These plants could apparently be put to operation for preparing polyester plastic used in plastic bottles, foods and beverages, packaging, and clothing.
The world PET market has been projected to exhibit a highly dynamic nature throughout the course of the forecast period. The growth of the market could be impacted positively with the latest trend of the replacement of conventional glass packaging with PET packaging. According to the authors of the report, the market could gain a telling impetus on the back of the high recyclability of PET. Products such as raincoats and carpets which do not require virgin PET have been forecasted to make the best use of the 100.0% recyclable property of PET packaging. Most of these packaging could be reused by manufacturers.
In this regard, companies have been envisaged to receive high profit margins in the coming years. Moreover, the demand for PET products could augment further, especially in emerging regions, ensuring a strong market growth in the near future.The international PET market has been envisioned to face restrictions in its growth with the implementation of tight government regulations and intense volatility in the prices of crude oil.
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However, there could be attractive business opportunities birthing from the surging demand for packaged food bolstered by the growing consumption of processed and frozen food. The demand for PET in the food and beverage sector on the part of carbonated soft drinks packaging has been prognosticated to bode well for the market. Factors such as eco-friendly substitution and the elevating demand for automotive and electronics applications could unveil new avenues for players. Besides these, strong economic growth, innovative packaging, and rapid urbanization have been prophesied to drive the growth of the market.
The information presented in this review is based on a TMR report, titled “Polyethylene Terephthalate Market (Application – Beverages (Bottled Water, Carbonated Drinks, and Juices and LDP), Films, Food Packaging, and Cosmetic Bottles and Household Products) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
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High-performance Anti-corrosion Coatings Market to Reach US$ 20.91 Bn by 2026; Growth of Global Oil & Gas Industry to Drive Market
The global high-performance anti-corrosion coatings market was valued at US$ 12.60 Bn in 2017 and is anticipated to expand at a CAGR of 5.9% from 2018 to 2026, according to a new report titled ‘High-performance Anti-corrosion Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). The global high-performance anti-corrosion coatings market is driven by growth of the global oil & gas industry. Asia Pacific accounts for a major share of the global market, due to growth of construction, marine, and oil & gas industries in the region.
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Growth of the oil & gas industry is anticipated to drive the demand for high-performance anti-corrosion coatings in the next few years. Rapid growth of the oil & gas industry in Asia Pacific, Middle East & Africa, Latin America, and eastern parts of Europe is anticipated to increase the usage of drilling equipment in the near future. This trend is likely to boost the global oil & gas drilling equipment sector during the forecast period. Corrosion causes significant damage to operational structures used in the oil & gas industry. Increase in use of oil & gas drilling equipment calls for protective coating systems and technologies that would help in maintaining the longevity and reliability of drilling equipment. This, in turn, is expected to boost the consumption of high-performance anti-corrosion coatings during the forecast period.
Based on product, the global high-performance anti-corrosion coatings market has been segmented into epoxy, urethane, acrylic, and others. Epoxy coatings protect substrates from the deterioration caused by corrosive surroundings. These coatings have excellent adhesion and flexibility. Therefore, these are highly preferred in various end-user industries. Presently, epoxy coatings are widely used high-performance anti-corrosion coatings across the globe. Rising demand for acrylic coatings is expected to fuel the high-performance anti-corrosion coatings market between 2018 and 2026. These coatings offer superior structural and mechanical characteristics than other anti-corrosion coatings such as alkyd and vinyl coatings. Acrylic coatings have high color retention rate and they are chemically inert. Additionally, they are eco-friendly.
In terms of application, the global high-performance anti-corrosion coatings market can be segmented into oil & gas, marine, construction, tanks & pipes, power generation, and others. High-performance anti-corrosion coatings are widely used in the oil & gas industry. In terms of demand, the oil & gas segment is expected to present growth opportunities to the high-performance anti-corrosion coatings market from 2018 to 2026. Rise in maintenance and repair activities in the global oil & gas industry, especially for oil drilling equipment, offshore installation machinery, process vessels, and transmission pipelines, is likely to be a major driver of the market in the near future. The power generation segment is estimated to present lucrative opportunities to the high-performance anti-corrosion coatings market between 2018 and 2026. High-performance anti-corrosion coatings are required for coating applications in insulated wires, electricity-generating components, turbine blades, and hydraulic systems used in nuclear, geothermal, and solar power sectors.
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Based on region, the global high-performance anti-corrosion coatings market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominates the global market, due to growth of pharmaceutical and health care industries in the region. Rapid infrastructure development in major countries of Asia Pacific such as China, India, Indonesia, Vietnam, Singapore, and Malaysia is expected to boost the consumption of high-performance anti-corrosion coatings in the region between 2018 and 2026. High-performance anti-corrosion coatings are extensively consumed in the construction industry. These coatings have a wide range of applications in infrastructure development in this industry. Some of the key uses of high-performance anti-corrosion coatings include their application on steel, metal, and concrete substrates used in extraction, utilities, manufacturing, and transport infrastructure.
Development of the transport infrastructure in Asia Pacific is anticipated to be the key driving factor for the market during forecast period. Rising usage of metal and steel in the construction of bridges, roadways, highways, waterways, airports, and railways is likely to offer immense growth opportunities to the high-performance anti-corrosion coatings market in the next few years. Growth of the marine industry in Asia Pacific is also projected to boost the market in the region during the forecast period. Container ships, cargos, offshore and onshore vessels, surface warships, and submarines are a few of the marine industry components that require protective coatings for their durability. Constantly improving trade ties between Asia Pacific and other regions, primarily Europe and North America, is expected to boost bulk transport of commodities in the next few years. This rising trend of seaway transport in Asia Pacific is projected to increase shipbuilding and repair activities, primarily in China, Japan, and South Korea, in the near future. Growth of the shipbuilding sector would require incorporation of enhanced performance coatings, especially in container ships and onshore vessels. Thus, demand for high-performance anti-corrosion coatings for use in the marine industry in Asia Pacific is likely to increase in the next few years.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Powder Metallurgy Market to Reach US$ 11,657.70 Mn by 2026; Rise in Demand for Automotive Components due to Expansion of in the Automotive Sector Projected to Drive Market
The global powder metallurgy market was valued at US$ 6,514.05 Mn in 2017 and is anticipated to expand at a CAGR of 6.8% from 2018 to 2026, according to a new report titled ‘Powder Metallurgy Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). The global powder metallurgy market is driven by a rise in demand for powder metal-based automotive components. North America accounts for a major share of the global powder metallurgy market due to increase in investments in technological advancements in the automobile and aerospace industries in the region.
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The automotive sector dominates the powder metallurgy market. Components manufactured through powder metallurgy technology are used for the production of a wide range of automotive components. Key components manufactured through powder metallurgy include transmission parts, engine parts, oil pumps, exhaust systems, and chassis components. These components play a vital role in the functioning of an automobile. Expansion of the automotive components segment of the global powder metallurgy market is attributed primarily to cost-saving advantages offered by powder metallurgy technology over other metalworking technologies such as forging, extrusion, casting, and machining. Powder metallurgy offers 40% cost savings compared to other technologies due to its low energy requirements. It has raw material use of up to 97%, and the process consumes 43% less energy than conventional technologies. Powder technology can be used to produce high-value components such as gears, bearings, and shafts. These factors are expected to drive the powder metallurgy market during the forecast period.
Powder metallurgy is beneficial when the raw material cost is contained to a comparatively smaller range, i.e. 20% to 30% of the total manufacturing costs. Furthermore, final product geometry plays an important role in selecting the production technology. Powder metallurgy is preferred for producing prismatic shapes where numerous shape complexities can be achieved. However, powder metallurgy has limited use in the production of three-dimensional products that possess the properties of through-thickness or axial direction. Powders used in powder metallurgy are relatively expensive feedstock as compared to other raw materials such as steel bars and billets. Furthermore, capital costs of powder metallurgy processing equipment are comparatively higher, and hence they need to be amortized over a large production run. All these factors are anticipated to restrain the market during the forecast period.
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The global powder metallurgy market has been segmented based on material, end-user, and region. Based on material, the market has been divided into iron powder, steel powder, and non-ferrous powder. The non-ferrous powder segment has been further split into aluminum, copper, nickel, cobalt, tungsten, and others. Iron powder is a dominant segment of the powder metallurgy market. Iron powder is widely used in the automotive sector due to its characteristics such as high stability, heat resistance, and density. Iron powder finds use in various applications such as automotive parts, chemical additives, and components in machinery. It contains graphite additives and is frequently used to fabricate bearings, filters, and structural parts, which are used for manufacturing low stressed mechanical components, typically for soft magnetic applications.
In terms of region, North America accounted for a major share of the global powder metallurgy market in 2017. The U.S. is expected to provide lucrative opportunities to manufacturers owing to increase in demand from machinery manufacturing, motor vehicles, electrical equipment, and batteries. Rise in demand for metal powders for manufacturing metal additives is also of prime interest for manufacturers based in North America. This is primarily due to rise in demand for spherical metallic shapes for manufacturing additives via metal injection moulding (MIM) or 3D-printing, which, in turn, is expected to boost demand for powder metallurgy. In the powder metallurgy market, the market in Asia Pacific is expected to surpass that in North America by 2020 and is likely to record double digit growth, primarily due to expansion in the automotive sector in developing economies such as China, India, and ASEAN. The powder metallurgy market in Europe has expanded significantly, owing to increasing automotive output and government initiatives for providing technological innovation in the aerospace industry.
For instance, in 2017, Bodycote Plc., a leading service provider of heat treatment and thermal processing, launched a group of additive manufacturing processes by utilizing powder metallurgy for the production of complex components for the aerospace industry. All these factors are expected to boost the market in the region. Manufacturers in developed regions have limited presence in the Middle East & Africa and Latin America. These regions are projected to create lucrative opportunities for manufacturers in the next few years. Strengthening distribution channels in these regions is anticipated to help these companies expand their footprint.
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Global Physical Vapor Deposition Market to Expand At 8.3% CAGR due to Increasing Application in Various Industries
The global physical vapor deposition market witnesses a high degree competition among the leading players and entry barriers is restricted for the new and small players. Entry barriers are strict due to extensive patent protection provided to PVD technologies, materials, process, and systems, notes Transparency Market Research. Over 200 patents have further limited expansion of small companies, as they need to be authorized under patents that have limited their scope of growth. According to the report, the leading players in market; some of the leading players are Mustang Vacuum Systems, Applied Materials, Inc., Singulus Technologies AG, Silfex Inc. (Lam Research Corp.), and IHI Corporation.
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As per the TMR, the global physical vapor deposition market is estimated to attain a valuation of US$33.33 bn by the end of 2025 progressing from US$16.4 bn in 2016. The market is predicted to rise at a healthy 8.3% CAGR during the forecast period 2017 to 2025.
Among various classification by category in which physical vapor deposition market is divided, PVD equipment segment leads the market by holding nearly half of the share in the market in 2016. This segment is considered one of the most lucrative segment for the growth of the market. During the forecast period, PVD equipment segment is expected to maintain its dominance mainly because of high costs of PVD equipment. Based on geography, Asia Pacific leads the market by holding 40% of the global market shares in 2016. The value of the market in this region was US$7.44 bn in 2016 and is expected to double by the end of forecast period.
The demand for the physical vapor deposition is increasing in the electronics industry as they have adopted PVD on a large scale. In addition, rising demand for microelectronics in various applications such as automotive industry, data storage, medical equipment, solar products, architectural glasses are acting as the growth driver for the global physical vapor deposition market. PVD coating is widely employed in cutting tools by providing advanced oxidation resistance, outstanding wear resistance, improved cutting speed and feed rate, and many other benefits. Thus, PVD in cutting tools is expected to grow in coming years. Furthermore, flourishing automotive and construction industries are expected to accelerate the demand in the physical vapor deposition market in coming years. Increasing focus on the incorporation of green power technologies in their energy mixes is creating high demand for effective solar energy products, which, in turn, is also expected to drive the market.
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There are certain restraining factors affecting the growth of the market. One of the major factors is stringent patent protection laws on existing PVD technologies. Due to strict laws, the market entry by the new entrants has become more difficult, thus, reducing the chance of healthy competition among the various leading as well as small players in the market. Moreover, patent protection is likely to increase initial investment required by new players that may lead to a possibility of market monopoly in coming years.
The information presented in this review is based on a TMR report, titled “Physical Vapor Deposition Market (Category – PVD Equipment, PVD Services, and PVD Materials; Application – Microelectronics, Data Storage, Solar Products, Medical Equipment, Cutting Tools, and Architectural Glasses) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Geosynthetics Market to rise at 9.1% CAGR during 2015–2023, Industry Efforts to adopt Cost-effective Solutions in Civil Engineering imparts Robust Thrust
The global geosynthetics market features a fairly fragmented competitive landscape, attributed primarily to the ease of entry of new players in manufacturing a variety of synthetic fibers, finds Transparency Market Research (TMR). Regional players, though, held a sizeable share of the global market, but the top three players accounted for a combined share of 27.7% in 2014. These leading players are Officine Maccaferri S.p.A., GSE Environmental, Inc., and TenCate Geosynthetics. The substantial clout held by these companies was on account of the vast production capacities they had in various key geographic regions. Some of the other prominent players operating in the market are Low & Bonar PLC. and NAUE Gmbh & Co. KG.
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TMR notes that the proliferation of regional players is what makes the market markedly competition and the intensity of competition likely to continue unabated. The vast potential needs for various types of synthetics makes the market increasingly lucrative for players.
The global geosynthetics market is projected to expand at an impressive CAGR of 9.1% in between the forecast period 2015–2023, vis-a-vis revenue. The revenue by 2016 end was estimated at US$11.3 billion, and is prognosticated to reach a worth of US$20.8 billion by the end of the forecast period.
Broadly, the various product types are geotextiles, geomembranes, geogrids, and drainage composites. Of these, geotextiles and geogrids are potentially attractive segments, at least till 2023. The segment of geotextiles leads and is forecast to contribute the major share of the overall volume by 2023 end. This is attributed to the extensive uptake of the material in the construction industry.
On the geographical front, Asia Pacific, presently holds the sway and is expected to be the major consumer of geosynthetics through the assessment period, and is projected to account for 40.2% of the total global volume by 2023 end. The vast strides being experienced by the construction industry is supporting the rapid growth of the regional market.
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The constant search for cost-effective solutions and techniques in civil engineering, especially with respect to the raw materials used, is a notable factor driving the market. The drive for innovations in engineering, riding on back of the fast pace of infrastructural developments, taking place in various countries across the globe has led geosynthetics to emerge as lucrative proposition.
The growing number of new construction projects in developing economies has catalyzed the demand for geocomposites, geotextiles, and geogrids, in applications such as separation, reinforcement, drainage, barriers, containment and protection, and erosion control.
Geosynthetic materials have emerged as a large protective layer for several chemicals used for construction infrastructures on various types of land and soil. Thus they have gained significance in strategies used for containing soil erosion. Thus various geosynthetics material finds usage among farmers for preventing soil erosion.
The growing demand for geosynthetics in a variety of construction works bodes well for the market. Furthermore, the attractive demand for geosynthetics as soil binders in wastewater management is boosting the market. However, the noted volatility in raw materials prices owing to fluctuations in crude oil availability and oil and gas prices is hindering the growth of the market. In particular this has affected the pricing of naphtha, which is the key intermediate compound for the production of raw materials used in making geosynthetics.
Nevertheless, the market will benefit from new, emerging areas such as for green wall construction. The promising usage of geosynthetics materials in making green roof is creating lucrative avenues for market players.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Geosynthetics Market (Product – Geotextiles, Geomembranes, Geogrids, Drainage Composites, and Geosynthetic Clay Liners; Function – Containment, Reinforcement, Filtration and Drainage, and Separation) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2023”.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Metal Fabrication Market to Reach around US$ 23 Bn by 2026; Rise in Usage of ERP Tools to Drive Market
The global metal fabrication market was valued at around US$ 17 Bn in 2017 and is anticipated to expand at a CAGR of over 3% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Metal Fabrication – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ The global metal fabrication market is driven by rise in the demand from construction and automotive companies. The metal fabrication market in North America is expected to expand at a CAGR of over 4% during the forecast period. Rise in automation and technological upgrades are likely to propel the market in the region between 2018 and 2026.
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Robotics and automation tools are being increasingly used in the metal fabrication process. Automation is employed to increase efficiency and lower labor costs. Deployment of automated manufacturing systems in metal fabrication helps in making manufacturing facilities safe as all critical jobs such as welding and cutting are performed by robots. Apart from this, automation tools such as laser saws make it easier for fabricators to manufacture metal parts that are precisely cut. Fabricated metals are employed in various sectors such as automotive, oil & gas, construction, aerospace, agriculture, consumer products, medical devices, and military & defense. As these end-use industries are diversified, effects of cyclic nature of the metal fabrication market are mitigated.
Moreover, various ERP technologies and software are used in metal fabrication. This makes the data easily accessible and accelerates the decision-making process. Increase in usage of computer-aided manufacturing technologies is helping metal fabrication companies improve their operational efficiency and enhance production.
In terms of services, the metal fabrication market can be classified into metal welding, metal machining, metal forming, metal shearing, metal cutting, metal folding, metal rolling, metal stamping, and metal punching. Welding is one of the vital services under the purview of metal fabrication. Welding ranks high among all industrial processes, owing to its necessity in the production of bulldozers, material-handling equipment, food-processing machinery, office machinery, cranes, and papermaking and printing equipment. The metal welding segment is anticipated to account for a major share of the global metal fabrication market during the forecast period, as metal welding is the most commonly used industrial process. Welding is an integral part of automotive and construction industries. The wide construction and automotive base in developing countries such as China and India is expected to increase the use of metal welding in these countries during the forecast period.
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In terms of end-use industry, the metal fabrication market can be divided into construction, automotive, manufacturing, energy & power, electronics, and others. The construction segment dominated the global metal fabrication market in 2017. The trend is expected to continue during the forecast period as well. The construction segment is likely to be followed by the automotive segment, in terms of market share, during the forecast period. The automotive segment held more than 20% of the market share in 2017. Expansion of the automotive segment can be attributed to increase in the number of cars and rise in population across the world.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Global Roofing Market: Players Vie to Develop Bio-based Products to Gain Competitive Advantage, notes TMR
Characterized with a copious number of key players, the global roofing market is highly fragmented and competitive in nature. In this scenario, to maintain their market share, top players are aggressively engaged in research and development to introduce novel roofing material that are stronger and inexpensive. However, development of bio-based or green roofing and solar roofing materials is the focus of topnotch players, which are gaining adoption to serve environmental and energy conservation needs.
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Furthermore, in an intensely competitive market, players are seeking alternative growth strategies to sustain competition. Some players in the roofing market are engaged in producing raw material as well as roofing material, which features backward integration in the manufacturing value chain. This helps players to control quality and cost which adds to their competitive advantage.
Support from several governments for companies that are striving to offer clean and green roofing solutions is likely to attract new players in the market. This is likely to intensify competition in the future.
As per estimates of a market intelligence study by Transparency Market Research (TMR), the global roofing market is likely to post a CAGR of 6.5% between 2017 and 2024. Growing at this pace, the market’s valuation of US$80118.6 mn in 2017 will become US$124501.8 mn by 2024. Among the key product segments, bituminous roofing accounts for almost 50% of the overall market. Low cost, easy installation, and long durability of bituminous roofing accounts for its large market share. Application-wise, residential is anticipated to hold significant share of the market vis-à-vis revenue. However, non-residential is the leading application segment of the roofing market due to increase in construction of commercial buildings and hotels in both developed and developing countries. In terms of region, Asia Pacific generates leading revenue in the roofing market due to massive surge in construction activities.
Majorly fuelling the roofing market is growth of the construction sector worldwide. Developing countries in Asia Pacific, Latin America, and Africa that are undergoing rapid industrialization and urbanization are providing ample opportunities to the growth of roofing market. Construction of commercial buildings such as multiplexes and shopping arcades in response to the changing lifestyle of people is also serving to boost the roofing market. Moreover, government residential projects in developing countries to serve the housing needs of large economically weak population is also benefitting the roofing market.
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Developed countries in North America and Europe are also serving to benefit the roofing market. Initiatives for construction of green buildings is generating demand for roofing materials. Energy conservation initiatives leading to renovation of old buildings involves supplanting old roofs with new ones. This is benefitting the roofing market in developed countries.
Proving to hinder the growth of roofing market is increase in production cost of roofing material. Challenges pertaining to maintaining quality and availability of asphalt, which is a major raw material in the manufacture of bituminous roofing material is escalating the price of final product. This is negatively impacting the growth of roofing market. Furthermore, increasing cost of manufacturing processes of roofing materials is hampering the roofing market. However, with advancements in techniques for production of roofing materials and economies of scale are likely to provide ample growth opportunities for players in the roofing market.
The review presented is based on the findings of a TMR report, titled “Roofing Market (Product Segment – Bituminous Roofing, Metal Roofing, Tile Roofing; Application Segment – Residential, Commercial, Non-commercial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024.”
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Prime Reasons Why the Global Insulation Market to Grow at an Impressive CAGR of 8.0%
The global insulation market depicts the presence of a highly fragmented and competitive vendor landscape, says Transparency Market Research on the basis of a recently published report. Such a high competitive intensity is mainly due to the presence of countless businesses in this market. During the forthcoming years, most businesses are anticipated to expand their regional presence, mainly in emerging and underdeveloped economies. The competitive intensity is projected to rapidly increase in the next few years owing to numerous new players making their foray in the global insulation market on a regular basis.
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Most players are fiercely focusing on research and development to expand their product portfolio. Businesses are also incorporating strategies such as increasing production capacity and participating in valuable mergers, acquisitions, and collaborations. CertainTeed Corporation, Johns Manville, Atlas Roofing Corporation, Owens Corning, Huntsman International LLC, The Dow Chemical Company, Knauf Gips KG, Duro-Last Roofing, Inc., and ROCKWOOL International A/S, are key players operating in the global insulation market.
As per estimations by experts in market research, this market had gained revenue worth US$37.8 bn in 2013, which is further expected to increase up to US$64.9 bn. Such a phenomenal growth is anticipated to occur mainly due to a splendid CAGR of 8.0% existing as a part of key market dynamics. This growth is predicted to occur during a forecast period ranging from 2014 to 2020.
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The global insulation market is mainly driven by a burgeoning construction industry –residential, industrial, non-residential, and others types too. This is primarily because of insulation products being highly used in the construction sector. Of all these types, insulation in residential construction is witnessing rampant use in recent times, consequently propelling the global insulation market to grow rapidly. Apart from the residential sector, even the industrial field is expected to depict an extensive use of insulation products, consequently boosting the global insulation market.
Another prime driving factor involves depletion of energy resources that makes it highly necessary for using insulation products to conserve whatever energy available. A growing trend regarding this factor is seen in factories and non-commercial spaces, wherein extensive use of insulation has been noted to occur, consequently driving the market.
However, high cost of developing quality insulation materials could make it difficult for small-scale businesses to flourish in the global insulation market, thus acting as a key restraining factor. The market is also highly restrained due to volatility in prices of raw materials, which mainly punch a hole in the pocket of middle-class consumers. Nevertheless, a significant rise in the automobile and electronic industry will continue to drive the global insulation market during the forthcoming years. This is further expected to dilute effects of the restraints up to a certain extent.
This review of the market is based on a recent report by Transparency Market Research, titled, “Insulation Market (Fiberglass, Plastic Foam, Mineral Wool and Others) Market for Residential Construction, Industrial, HVAC & OEM, and Nonresidential Construction Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,90 State Street,Suite 700,
Albany NY - 12207,United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
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