Wood And Laminate Flooring Market To Experience Lucrative Growth Due To Enhanced Demand In Residential, Commercial & Industrial Sectors Till 2020: Grand View Research, Inc.

The global wood and laminate flooring market is expected to reach USD 92.64 billion by 2020, according to a new study by Grand View Research, Inc. Technological advancements have led to the development of new innovative products and do-it-yourself (DIY) installation techniques, which has substantially widened the scope across residential as well as commercial flooring applications. Increasing demand in the new construction and home improvement sectors is expected to be the key driving force for the wood & laminate flooring market over the forecast period.

Raw material costs have had a significant impact on the wood & laminate flooring industry. The volatile prices of wood and other raw materials and the increasing costs of production are expected to challenge wood & laminate flooring industry growth over the forecast period. Stringent laws and regulations against deforestation by governments across the globe and the consequent need of imports of raw materials have shrunk manufacturers’ profits to a large extent. Increasing concern over environmental impact has considerably affected the wood & laminate flooring market.

Browse full research report on Wood And Laminate Flooring Market: www.grandviewresearch.com/industry-analysis/wood-and-laminate-flooring-market                                                

Further key findings from the report suggest:

• Engineered wooden floors have gained prominence over the last few years owing to favorable characteristics such as cost-effectiveness, exclusiveness, and dimensional stability. Solid wood constitutes a significant market share owing to its moderate price, albeit installation and finishing considerably increase the total time and cost requirements. Although a vast majority of the market is comprised of hardwood species, softwood flooring is used in niche applications.
• Wood & laminate flooring is primarily preferred in residential applications with residential replacement generating significant demand. Residential new construction and commercial sectors such as retail have increasingly adopted wood & laminate flooring solutions. Owing to their ability to sustain high traffic, laminate flooring has witnessed a surge in demand from commercial sectors.
• Increased demand from the BRIC countries (Brazil, Russia, India, and China) is expected to open up new avenues for wood & laminate flooring market growth over the forecast period. Changing lifestyles coupled with increasing construction activity in Asia Pacific are expected to propel market growth in the region. Wood flooring demand in regions experiencing perennially cold climatic regions such as the U.S. and majority of the European countries is expected to be augmented as wood helps to maintain warmth.
• Key wood & laminate flooring market players include Shaw Industries, Pergo, Mohawk Industries, Millstead, Mannington Mills, Interface, Bruce, and Armstrong. Emerging market players have innovated to make their presence felt in the industry. Some of the recent trends include Smith & Fong Corporation’s side-ways flooring and Columbia Forest Products’ & Teragren’s PureBond technology flooring.

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 wood & laminate flooring market on the basis of product, application, and region:

Wood & Laminate Flooring Product Outlook (Volume, Billion Square Feet & Revenue, USD Billion; 2012 - 2020)

• Wood Flooring
• Red oak
• White oak
• Maple
• Others
• Laminate Flooring

Wood & Laminate Flooring Application Outlook (Volume, Billion Square Feet & Revenue, USD Billion; 2012 - 2020)

• Residential
• Commercial
• Industrial

Wood & Laminate Flooring Regional Outlook (Volume, Billion Square Feet & Revenue, USD Billion; 2012 - 2020)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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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

Fiberglass Market To Experience Lucrative Growth Due To Increasing Renewable Energy Installation Till 2025: Grand View Research, Inc.

The global fiberglass market size is expected to reach USD 21.27 billion by 2025, according to a new report by Grand View Research, Inc. The market for fiberglass is anticipated to register growth with rising awareness among population regarding the environmental benefits coupled with economic benefits of using lightweight automobiles. In addition, extensive use of fiberglass in building and construction industry and rising wind energy installations are expected to trigger the market growth.

Fiberglass composites segment is anticipated to be the fastest growing owing to their extensive use in automobile sector. They are used in automobile and aerospace sectors to make the vehicle lightweight and enhance performance. The composites are also used in the manufacturing of wind turbine blades and its structure. 

Fiberglass insulation is used for thermal and electrical isolation in residential, commercial, and industrial buildings. Fiberglass can be used in construction in the form of walls, roofs, windows, and ladders. The aesthetic appeal of fiberglass coupled with growing construction spending globally is anticipated to drive the market.

In addition, the increasing use of fiberglass in wind energy installations, aerospace application, and consumer durables is expected to further boost the global fiberglass market.

Global fiberglass market revenue, by type, 2014 - 2025 (USD Billion)

Browse full research report on Fiberglass Market: https://www.grandviewresearch.com/industry-analysis/fiberglass-market 

                            

Further key findings from the report suggest:

• In terms of revenue, composites segment is projected to be the fastest growing, at a predicted CAGR of 6.2% over the forecast period. The lightweight and high strength exhibited by fiberglass make it an ideal material for many end-use industries.
• Glass wool is the largest type segment in fiberglass market. Extensive use of glass wool for thermal and electrical insulation is expected to boost the market.
• Asia Pacific is projected to emerge as the fastest-growing regional market, displaying a CAGR of 6.3% over the forecast period due to the presence of huge automobile market and rising disposable income in the region
• In terms of revenue, automotive segment accounted for 34.4% of total market share. The market share is expected to increase owing to the growing use of fiberglass composites in the manufacturing of a vehicle.
• A large number of companies have implemented advanced technologies for manufacturing products as per customer requirements. The companies are heavily investing in the research & development to launch innovative products in the market.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber                           

Grand View Research has segmented fiberglass market on the basis of application, type, end-use, and region:

Application Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 - 2025)

• Insulation
• Composites

Type Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 - 2025)

• Glass Wool
• Yarn
• Roving
• Chopped Strands

End-use Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 - 2025)

• Automobiles
• Building and Construction
• Aerospace
• Wind Energy

Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• South Korea
• Central & South America
• Middle East & Africa

Access Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-fiberglass-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: http://www.grandviewresearch.com

Transparent Ceramics Market To Gain Demand Quickly Due To Increasing Defense Expenditure On Advance Material & Technologies Till 2024: Grand View Research, Inc.

The global transparent ceramics market is expected to reach USD 1.08 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for the product in various industries including electronics, aviation, and healthcare as a substitute for existing glass technologies in numerous function such as armors, optical fibers, domes(infrared) & lasers is expected to drive demand. Expansion of these end-use industries is predicted to fuel the industry growth further over the next eight years.

Rising focus on utilizing cutting & laser tools across the world, on account of rapid industrialization and turnaround of the manufacturing sector, is expected to propel growth. The increase of the ceramics industry is also driving expansion over the next eight years.

The global market for transparent ceramics was valued at USD 178.5 million in 2015 and is expected to witness growth over the forecast period on account of rising manufacturing facilities in emerging markets of Asia Pacific such as India and China coupled with increasing expenditure on defense on improved & enhanced technology. Growing need from end-user industries such as chemical & mechanical industries, instrumentation & sensor and optics & optoelectronics is expected to stimulate expansion. 

U.S. transparent ceramics market revenue by application, 2013 - 2024 (USD Million)

Browse full research report Transparent Ceramics Market: http://www.grandviewresearch.com/industry-analysis/transparent-ceramics-market                            

Further key findings from the report suggest:

• Transparent ceramics blankets are suitable for high-temperature procedures. Lightweight, low thermal conductivity & heat storage, soaring temperature stability, outstanding handling power & fire protection, corrosion and thermal shock resistance and resistance are some of the properties owing to which blankets are preferred. The market is likely to witness growth at a CAGR of 21.8% from 2016 to 2024.
• The transparent ceramics demand in optic & optoelectronics was USD 61.4 million in 2015. These products are used in medical & healthcare industries. Advancements in the healthcare sector across the globe is expected to drive industry development over the forecast period.
• Asia Pacific contributed to 47.1% of the global market in 2015 and is projected to witness massive expansion in light of augmented government expenditure on the industrial sector and increasing opportunities for FDI in China and India. Rising demand for defense and iron & steel on account of rapid industrialization is expected to drive growth.
• The Middle East & Africa is expected to observe considerable gains at a CAGR of 20.9% from 2016 to 2024. Increasing expenditure on aviation & defense by governments in the Middle East is expected to propel growth.
• Key industry players include Surmet Corporation, CoorsTek, Murata Manufacturing Co. Ltd., ETEC, and Koito Manufacturing. These companies focus on research for product development to enhance their portfolio. Also, numerous research institutes are also focusing on R&D for increasing the application scope of transparent ceramics. For instance, in April 2014, the U.S. Naval Research Laboratory (NRL) developed a method that fabricates nanocrystalline spinel, which is 50% harder than the existing spinel armor materials utilized in military vehicles.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/advanced-materials    

                     

Grand View Research has segmented the global transparent ceramics market on the basis of product, material, application and region:

Product Outlook (Revenue, USD Million; 2016 - 2024)

• Sapphire
• Yttrium Aluminum Garnet
• Aluminum Oxynitride
• Spinel
• Others

Material Outlook (Revenue, USD Million; 2016 - 2024)

• Monocrystalline Transparent Ceramics
• Polycrystalline Transparent Ceramics
• Others

Application Outlook (Revenue, USD Million; 2016- 2024)

• Optics & Optoelectronics
• Aerospace, Defense & Security
• Mechanical/Chemical
• Sensors & Instrumentation
• Healthcare
• Consumer
• Energy
• Others

Regional Outlook (Revenue, USD Million; 2016 - 2024)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Chile
• MEA

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-transparent-ceramics-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: http://www.grandviewresearch.com

Construction Composites Market Is Likely To Reach USD 7.6 Billion By 2025: Grand View Research, Inc.

The global construction composites market is expected to reach USD 7.6 billion by 2025, according to a new report by Grand View Research, Inc. The market is majorly driven by the growing construction industry across the globe. Technological innovations involving construction composites have led to the use of the product as replacement for aluminum and wood.

The construction composites industry includes a wide range of products such as gratings, stairways, decks, railing, and fences with application scope in the industrial, commercial, and household segments. Technological innovations have led to the use of the products in the making of various structures that have complex shapes and are impossible to build with other materials such as wood and steel.

In terms of revenue, the industrial application was the largest segment for the product, accounting for 35.8% of the global industry in 2016. The application scope in stairways, walkways, trash gates, gratings, and ladders in the industrial segment is increasing owing to the anti-corrosion and moisture-proof properties of the products.

Composites offer superior properties such as durability, in comparison with other traditional materials. Structures such as decks and rails do not fade away or crack over time and also do not accumulate rust. These properties of composites have helped it in gaining popularity in the industrial, commercial, and household sectors.

U.S. construction composites market, by application, 2014 - 2025 (USD Million)

Browse full research report on Construction Composites Market: http://www.grandviewresearch.com/industry-analysis/construction-composites-market       

Further key findings from the report suggest:            

         

• Residential application segment will experience the highest growth in terms of revenue, slated to grow at a CAGR of 6.2% from 2017 to 2025, mainly on account of the growing need for environmental-friendly and durable products.
• Carbon fiber emerged as the largest segment among fiber types in 2016, in terms of revenue, and is estimated to reach a market size of over USD 4.40 billion by 2025. The segment revenue was recorded at nearly USD 3 billion in 2016.
• The regional segment in Asia Pacific is anticipated to observe considerable growth during the forecast years, mainly owing to the robust growth in construction activities and increasing infrastructure spending, especially in emerging economies of India and China. In terms of revenue, the regional market is expected to grow at a CAGR of 6.3% from 2017 to 2025.
• Key players in the industry focus on acquisitions and capacity expansions to increase their competitiveness and reinforce their positions in the market.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber               

Grand View Research has segmented the global construction composites market on the basis of, fiber type, resin type, application, and region: 

Fiber Type Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

• Carbon fiber
• Glass fiber
• Others

Resin Type Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

• Thermoplastic
• Thermoset

Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

• Industrial
• Commercial
• Residential
• Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-construction-composites-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: http://www.grandviewresearch.com

Plano Sunglasses Market To Experience Lucrative Growth Due To Rising Awareness For Protecting The Eyes Against Harmful Ultraviolet (UV) Rays Till 2020: Grand View Research, Inc.

The global plano sunglasses market is expected to reach USD 19,944.3 million by 2020, according to a new research report by Grand View Research, Inc. High-end products which are sold at premium prices are expected to contribute to industry growth. Grand View Research also observes that growing awareness regarding the importance of protecting the eyes from harmful UV radiation is expected to be a key driving force for the market.

Polarized sunglasses accounted for just over 20% of the overall shipments in 2012; the segment is expected to gain market share over the forecast period. In terms of lens material, CR-39 is expected to continue leading the market over the next few years. Polycarbonate is also expected to witness growing demand, and the market for sunglasses with these lenses is expected to grow at a CAGR of 8.2% from 2013 to 2020. Usage of Rx sunglasses and sunglass clips by a large percentage of the population to serve the purpose of vision correction is expected to be a restraint for the market on a global scale.

Plano sunglasses market revenue share by lens material, 2012

Browse full research report on Plano Sunglasses Market: http://www.grandviewresearch.com/industry-analysis/plano-sunglasses-industry      

Further key findings from the report suggest:     

                

• The global market for plano sunglasses was estimated to be USD 10,828.0 million in 2012, and is expected to grow at a CAGR of 8.0% from 2013 to 2020

• In terms of volume, plano sunglasses shipments are expected to reach 394.8 million units by 2020

• North America is expected to dominate consumption through the forecast period. The market in Europe is expected to generate the highest revenue despite lower shipments on account of high selling prices of plano sunglasses in the region. It is expected to be valued at USD 7,051.5 million in 2020.

• Asia Pacific is expected to be the fastest growing regional market in the coming years, which can be attributed to the increasing user base and dense population. Growth in purchasing power and disposable income are expected to help the market grow at a CAGR of 10.1% in terms of revenue from 2013 to 2020.

• The global market is consolidated in nature, and key participants Luxottica Group S.p.A. and Safilo Group S.p.A. have been entering into merger and acquisition activities to gain market share and expand their brand portfolio. Establishment of an efficient distribution network is of the utmost importance in order to ensure strategic advantage and remain competitive. Other companies operating in the market include Marchon Eyewear, Marcolin Eyewear, De Rigo S.p.A., Charmant Group, etc.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/advanced-materials      

       

Grand View Research has segmented the global plano sunglasses market on the basis of lens type, lens material and region:

Plano Sunglasses Lens Outlook

• Polarized 
• Non-Polarized 

Plano Sunglasses Lens Material Outlook

• CR-39 
• Polycarbonate 
• Polyurethane
• Others (Glass, Nylon, etc.)

Plano Sunglasses Regional Outlook

• North America 
• Europe 
• Asia Pacific 
• RoW 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-plano-sunglasses-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: http://www.grandviewresearch.com

Conductive Textiles Market Is Predicted To Grow Swiftly Due To Public Funded Research & Development Till 2025: Grand View Research, Inc.

The global conductive textiles market is expected to be valued at USD 4.29 billion by 2025, according to a new report by Grand View Research, Inc. Rising awareness about the high-tech wearables that can protect the wearer, enable health monitoring, track the surrounding environment and provide protection from hazardous pollutants in the environment are the factors propelling market growth. 

The augmenting demand from healthcare as well as military industries is proposed to accelerate the growth of the market. Expanding uses of conductive wearables to track the battlefield, protect the soldier from attacks and constantly monitor health are attracting conductive textiles in military and medical industries.

The increasing public funded research and development coupled with various other government incentives are projected to accelerate the production and thereby demand for the market. Various EU funded projects have drawn a number of manufacturers towards the market on account of developing innovative products to stay competitive in the market.  

Military and healthcare segments are expected to collectively account for 56.6% of the global market in 2025. The demand for these segments is attributed to smart and easy to carry wearables that are flame, chemical, heat, moisture and perspiration resistant and enable the wearer to track his heart rate, breathing and blood pressure. The technological advancements in the products so as to enhance the conductivity and performance of the garments is likely to fuel the demand for conductive textiles over the forecast period.  

North America is the leading region owing to the early adoption and acceptance of conductive textiles from the consumers. Extensive research and development carried out by leading manufacturers in countries such as the U.S and Canada is anticipated to propel the market growth. Technological advancements along with innovative product developments in the region are proposed to augment the demand for the market. Countries like Germany, U.K, China, India and Japan in the European and Asia Pacific regions are also rapidly developing markets for conductive textiles.

U.S. Conductive Textiles market revenue, by type, 2014 - 2025 (USD Million)

Browse full research report on Conductive Textiles Market: http://www.grandviewresearch.com/industry-analysis/conductive-textiles-market

 Further key findings from the study suggest:

• The market is expected to grow at a CAGR of 16.4% from 2017 to 2025 on account of increasing awareness and adoption of conductive electronic based fabrics. Sports and fitness segment is expected to witness fastest growth rate of 17.9%, in terms of revenue, from 2017 to 2025 owing to high product demand in developed as well as emerging countries.
• North America was valued at USD 472.9 million in 2016 and is expected to witness significant development on account of rising demand from military as well as medical sectors.
• Key participants include Toray Industries, 3M, Bekaert, Laird PLC, Statex Productions, Seiren Co Ltd., Holland Shielding Systems, Herculite, AIQ Smart Clothing and Wujiang City Yuzhen Textile Co. Ltd. These companies are focused on extensive innovation and increasing their production capacities to fulfill the worldwide massive product demand.
• In 2017, Toray signed a long term agreement on high performance carbon fiber with Avio, a leading Italian aerospace company as an expansion strategy.  

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-conductive-textiles-market                                                                                                                           

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Conveying Equipment Market Will Grow at a Steady Rate of 1.9% from 2014 to 2020 : Grand View Research, Inc.

In 2013, the global conveying equipment market was worth USD 31.89 billion. These equipments provide an efficient, cost-effective and accurate technique for the rapid and easy movement of goods from one place to another. Conveyor belts are usually prepared from rubber and secured with textiles, PVC or steel according to the application. These are used as carriers for goods across numerous end use industries such as steel works, power, ports, metal mining & coal, cement, airports and food & beverages.

Conveyors lead to diminish the manufacturing time that, in turn, help plants in attaining operational efficiency. Conveying equipment are used for decreasing human effort and time in the transfer of goods from one place to another. They can be set up anywhere and are considered to be harmless as compared to using a forklift and other machines for the movement of goods. The making of modified conveying equipment is enabled by the increased industrial production and developments in technologies.

Unit handling was the largest product type which accounted for over 45% of the market in 2013. Key uses of unit handling equipment include the monitoring of lesser batches which are most largely applicable in businesses such as shipments, food & beverage processing and other productions for durable goods. However, parts & attachments is projected to witness the highest growth rate, at an estimated CAGR of 2.4% from 2014 to 2020.

North America conveying equipment market revenue by product type, 2012 - 2020 (USD Million)

Browse full research report on conveying equipment market: http://www.grandviewresearch.com/industry-analysis/conveying-equipment-market

Durable goods accounted for the highest market share of over 40% in 2013. Growing demand for computer equipment and industrial machinery has led to the high growth of durable goods. Durable goods is also forecasted to witness the highest growth rate, at an anticipated CAGR of 2.0% from 2014 to 2020.

Europe accounted for over 60% of the global market in 2013.The growth in this region is driven by the presence of few top automobile manufacturers such as Audi, Mercedes and Ferrari. Europe is also projected to have the highest growth at an estimated CAGR of 1.6% over the forecast period.

Global conveying equipment market is amalgamated with few companies leading the market. The top three participants include Dematic, Rexnord and Sandvik and together they accounted for over 35% of the total market in 2013. The industry is moderately fragmented. The small unorganized companies across China and South Korea are taking ardent steps such as M&As to gain market share. There are ample opportunities for the new entrants, however high initial investment leads to restraining them from entering the industry.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-conveying-equipment-market                                                                                                                           

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Corrosion Resistant Alloys Market Is Predicted To Grow Swiftly Due To The Rising Demand From Aerospace & Automotive Industries Till 2025: Grand View Research, Inc.

The global corrosion resistant alloys market is expected to be valued at USD 9.64 billion by 2025, according to a new report by Grand View Research, Inc. Continuous technological advancements in the corrosion resistant alloys to accommodate the needs of various end-use markets have been key factors fueling the global market growth. The growing aerospace and automotive industries across the world are also anticipated to propel product demand over the forecast period.

Corrosion resistant alloy is a combination of various metal materials, which provide long-term corrosion resistance to components that are exposed to harsh environmental conditions. Chromium, cobalt, nickel, iron, titanium, and molybdenum are combined in varying proportions depending on the end-user industry. These metals can promote higher temperature and corrosion resistance in comparison to others such as carbon steel. They offer reliable protection to components in various industries including health, energy, pharmaceuticals, gas, oil, and chemical processing.

Utility metals are prone to corrosion. Corrosion resistant alloys are extensively used in various industries where the working conditions necessitate their use. The environmental settings and material compositions vary as per the configuration of major equipment in end-use industries in terms of temperature and corrosive condition.

Several factors contribute to corrosion in power generation plants that comprise water steam systems in their tubing. Components in coal-fired power plants, wind turbines, and nuclear & diesel generators are composed of strong and high-temperature-resistant materials. Nickel alloys are extensively used in power generation applications such as gas turbine components, scrubbers, heat exchangers, industrial furnaces & accessories, and land-based gas turbines.

U.S. corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)

Browse full research report on Corrosion Resistant Alloys Market: http://www.grandviewresearch.com/industry-analysis/corrosion-resistant-alloys-market

Further key findings from the study suggest:

• Europe corrosion resistant alloys market was valued at USD 1.38 billion in 2016 and is expected to ascend at a CAGR of 6.5% from 2017 to 2025. Nickel-based alloys was the largest segment in 2016 and is anticipated to progress at a CAGR of 7.1%.
• The global demand for cobalt-based alloys was valued at USD 377.8 million in 2016 and is anticipated to witness moderate growth over the next 8 years. The aerospace & defense segment in Canada was worth USD 215.4 million in 2016 and is projected to denote a CAGR of 7.5% from 2017 to 2025.
• The Asia Pacific market is projected to experience staggering growth over the next eight years owing to growing R&D activities, which in turn is expected to positively impact the aerospace and automotive segments. Canada market is projected to ascend at a CAGR of 6.8% between 2017 and 2025.
• Key players that dominate the global market include Corrosion Resistant Alloys, L.P.; Haynes International, Inc.; Nippon Steel & Sumitomo Metal Corp (NSSMC); Mitsubishi Materials Trading Corporation; Special Metals Corporation; and Hitachi Metals MMC Superalloy, Ltd.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-corrosion-resistant-alloys-market             

                                                                                                        

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com