Lightweight Materials Market Will Grow at a Steady Rate of 8.9% from 2013 to 2024: Grand View Research, Inc.

The global lightweight materials market size is expected to reach USD 225.3 billion by 2024, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.9% during the forecast period. Rising material innovation in aviation is expected to improve demand for lightweight materials.

The design of an aircraft must take into consideration a number of factors, such as life-cycle cost, strength-to-weight ratio, fatigue life, fracture toughness, corrosion resistance, and reliability. The importance of these factors governs the choice of materials used in the manufacture of aircraft.

Initially, metals were used to manufacture aircraft as they provide necessary tensile strength to the aircraft. The invention of drones or fighter planes with good aerodynamic balance and fuel efficiency has led to usage of lightweight materials in the aviation industry.

The lightweight materials market is dominated by aluminum, high strength steel, and polymers & composites and are expected to continue doing so in future. Their increased application in various fields is expected to augment demand.

Currently, high strength steel and aluminum are more popular; however, polymers and composites are expected to gain more popularity on account of reduction in prices and increased production of polymers and composites.

Alumina, iron ore, nickel, rutile, and polyacrylonitrile are key raw materials used for manufacturing lightweight materials. These raw materials are further processed to obtain lightweight materials. alumina, rutile, iron ore, and nickel are naturally found in ores whereas polyacrylonitrile, which is one of the major raw materials for carbon composites, is manufactured from petroleum.

Browse full research report on Lightweight Materials Market: www.grandviewresearch.com/industry-analysis/lightweight-materials-market      

    

Further key findings from the study suggest:      

                               

• The global lightweight materials market is anticipated to reach 61,925.6 kilotons by 2024, at a CAGR of 8.3% from 2015 to 2022
• In terms of revenue, the high strength steel segment is projected to ascend at a CAGR of 10.2% over the forecast period
• The automotive application dominated the global lightweight materials market with a share of over 86.0% in 2015
• The North America lightweight materials market is anticipated to exceed 12,377.7 kilotons by 2024
• Europe is projected to witness a remarkable CAGR of 8.2% over the forecast, owing to increasing investments in the energy sector
• Asian countries, especially India and China, are expected to observe remarkable growth in next few years
• The market is partially consolidated and competitive in nature, with strong presence of multinational players
• Some of the key companies in the market are Guardian Industries; Cytec Solvay Group; SABIC; Formosa Plastics; Alcoa Inc.; Allegheny Technology Incorporated; Aleris International; and Covestro LLC.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials                                                                                                                                                                                                          

Grand View Research has segmented the global lightweight materials market on the basis of product, application, and region:

Lightweight Materials Product Outlook (Volume, Kilotons; Revenue, USD Million, 2013 - 2024)

• Aluminum
• High Strength Steel
• Titanium
• Magnesium
• Polymers & Composites
• Others

Lightweight Materials Application Outlook (Volume, Kilotons; Revenue, USD Million, 2013 - 2024)

• Automotive
• Aviation
• Energy
• Other

Lightweight Materials Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Latin America
• Brazil
• Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-lightweight-materials-market                                                                                                                                                                           

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Precast Concrete Market Will Grow at a Steady Rate of 6.1% from 2014 to 2025: Grand View Research, Inc.

The global precast concrete market size is expected to reach USD 130.11 billion by 2025, according to a report by Grand View Research, Inc., registering a CAGR of 6.1% during the forecast period. Rapid urbanization and population explosion have triggered real estate development in emerging countries such as China, India, Brazil, Malaysia, and South Africa, which, in turn, is anticipated to drive the market over the forecast period.

Precast concrete is an advanced building material and practical solution for fast construction. Precast construction in comparison to conventional construction requires less time and resources. Additionally, precast construction is eco-friendly as it emits very less CO₂ in the environment compared to normal concrete construction.

Structural building components are anticipated to form the fastest-growing segment owing to their extensive use in various constructions. Short construction span offered by the product is the main growth driver for this segment.

Governments around the globe are planning to provide affordable housing to those falling under middle and lower class, which is anticipated to further boost residential construction. Increasing urbanization has resulted in creating global demand for better transportation systems. As countries develop plans to meet this soaring demand, the transportation segment is expected to register significant growth in the coming years, with majority demand stemming from countries such as India and China.

Some of the major players are investing heavily in research and development of new and improved products with high strength. Key players are also investing in logistics as precast products require shipping to construction sites.

Browse full research report on Precast Concrete Market: www.grandviewresearch.com/industry-analysis/precast-concrete-market                                 

Further key findings from the study suggest:   

                  

• The structural building components segment is anticipated to register the fastest growth in terms of revenue, exhibiting a CAGR of 6.5% over the forecast period. Cost and time savings offered by the type make it attractive for use in most construction activities
• Residential is the largest end-use segment in the global market. Push for affordable housing by governments across the globe is likely to spur demand for precast concrete in this segment
• Asia Pacific is expected to be the largest as well as the fastest-growing regional market, registering a CAGR of 8.1% over the coming years. Rapidly growing population and mega infrastructure projects by governments in the region are expected to boost market demand over the forecast period
• Many major players have invested in research and development activities to develop efficient and affordable products. Companies are also focusing on expanding their businesses in developing countries.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials                                                                                                                                                                                           

Grand View Research has segmented the global precast concrete market on the basis of product type, end use, and region:

Precast Concrete Product Type Outlook (Revenue, USD Billion, 2014 - 2025)

• Structural Building Components
• Architectural Building Components
• Transportation Products
• Water & Waste Handling Products
• Others

Precast Concrete End-use Outlook (Revenue, USD Billion, 2014 - 2025)

• Residential
• Nonresidential
• Infrastructure

Precast Concrete Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• U.K.
• France
• Italy
• Asia Pacific
• China
• Japan
• India
• South Korea
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-precast-concrete-market                                                                                                                                                         

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

U.S. Office Furniture Market To Experience Lucrative Growth Due To Rising Demand For Recycle & Eco-Friendly Office Furniture Till 2025: Grand View Research, Inc.

The U.S. Office Furniture market is expected to reach USD 14.31 billion by 2025, according to a new report by Grand View Research, Inc. Vigorous growth in commercial and office building construction and remodeling activity is anticipated to buoy demand as companies furnish new office spaces. Following a trough in 2010, office furniture manufacturers and suppliers benefited from rising employment levels as layoffs ebbed and businesses hired new workers.

Demand for desks and tables is forecast to advance with a CAGR of 4.3% from 2017 to 2025, the fastest rate of any office furniture segment, reaching $3.32 billion in 2025. Ongoing advances in office construction activity and an uptick in business improvement expenditures will drive gains. In addition, ongoing trends toward more open, collaborative, and customizable workspaces will boost sales of desks and tables, largely at the expense of more compartmentalized modular office systems. Likewise, the continued proliferation of electronic devices to support office activities will buoy demand for desks and tables featuring built-in outlets, cord management systems, and other compatible features. Even so, competition from modular systems and used furniture dealers will stymie faster gains.

Desks and tables offer open-air workspaces for individual use or group meetings. Product innovations accompany developments in office tools and work styles. In particular, developments in the electronic industry affected product designs over the historical period. For example, the widespread digitization of work processes and reduction in computer size has promoted the use of desks with smaller work surfaces and less storage.

Browse full research report on U.S. Office Furniture Market: www.grandviewresearch.com/industry-analysis/us-office-furniture-market  

             

Further key findings from the study suggest:    

                 

• The U.S. Office Furniture market was valued at 10.74 billion in 2016 and is expected to grow at a CAGR of 3.2% from 2017 to 2025
• Modular systems emerged as the largest solution segment in 2016 and is estimated to generate revenue over USD 3.88 billion by 2025
• The demand for desks & tables in the U.S. Office Furniture market was USD 2.16 billion in 2016 and is anticipated to witness staggered growth over the next eight years
• Key players including Herman Miller, HNI Corporation, Steelcase, Haworth, and Teknion Corporation dominated the U.S. office furniture market in 2016

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/consumer-goods                                                                                                                                                                       

Grand View Research has segmented the U.S. office furniture market on the basis of products.

Product Outlook (Revenue, USD Billion, 2014 - 2025)

• Seating
• Modular Systems
• Desks & Tables
• Others

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/us-office-furniture-market-analysis                                                                                                                                        

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com