Nanofibers Market Is Anticipated To Reach USD 2.89 Billion By 2024: By Grand View Research, Inc.

The global nanofibers market is expected to reach USD 2.89 billion by 2024, according to a new report by Grand View Research, Inc. Technological advancements in the field of nanomaterials, coupled with increasing demand for materials such as carbon, glass, ceramic, and polymeric in various end-use segments, are expected to drive growth over the forecast period. Surging demand for nanotechnology-enabled smart textiles, filtration, tissue engineering & regeneration, wound healing, drug delivery, and biosensors is expected to steer nanofibers market penetration in the medical sector over the next few years. 

However, stringent guidelines and standards for manufacturing, handling, and sales of nanomaterials by international agencies such as ISO, NIST, and Nanomaterials Registry may hamper market growth. The nanofibers industry growth may further be restrained by regulations pertaining to the toxicity of metal and carbon-based nanoparticles. 

Nanoscale polymer fibers dominated the global demand accounting for 49.2% of total market volume in 2015. Large-scale application of these materials in high-efficiency air filters coupled with increasing usage in medical devices and drug delivery systems especially in the mature economies can be attributed to high penetration.

U.S. Nanofibers Market Revenue By Product, 2014 - 2024 (USD Million)

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Further key findings from the report suggest:

• The global nanofibers market demand was 1,008 tons in 2015 and is expected to reach 8,886 tons by 2024, growing at a CAGR of 27.7% from 2016 to 2024
• The global composite nanoscale materials accounted for 12.5% of the total nanofibers market in 2015 and are anticipated to reach a net worth of USD 373.6 million by 2024. Increasing R&D investments to develop innovative production technologies and adhere to the stringent regulatory framework to steer segment growth.
• Cellulose nanofibers are estimated to witness the fastest growth over the next eight years. The segment demand in the U.S. is estimated to grow at a CAGR of 29.6% from 2016 to 2024.
• Electronics segment is anticipated to emerge as fastest growing end-use segment and is estimated to reach a net worth of USD 293.1 million by 2024
• Asia Pacific is expected to emerge as the fastest growing regional market on account of significant product demand in China, Japan, India, and other South-East Asian countries. China nanofibers demand in the energy sector is anticipated to reach 154.4 tons by 2024 at a CAGR of 28% from 2016 to 2024.
• Key industry participants in the market include Donaldson, Elmarco, DuPont, Revolution Fibres, FibeRio, Ahlstrom, Toray, Asahi Kasei, Johns Manville, Jiangxi Xian Cai Nanofibers Technology, Johns Pyrograf Products, eSpin, and MemPro

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

Industrial Protective Footwear Market Is Predicted To Grow Swiftly Due To The Implementation Of Workplace Standards And Stringent Regulations Across The Globe Till 2024: Grand View Research, Inc.

The global industrial protective footwear market size is expected to reach USD 6.56 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to the rising number of worker accidents across global organizations.

Comfort, innovation, safety, and aesthetic value are the key characteristics of the industrial safety footwear. The global shoe manufacturers over the years have been striving to integrate these features into their products in order to offer improved safety in the workplace as well as provide comfort to workers. Industrial protective shoes have been facing a substantial demand from various industries to avoid fatalities and accidents in the workplace.

With a paradigm shift towards worker safety instead of maximizing profits, a huge demand has been created for protective footwear in hazardous work environments and is anticipated to drive the industry over the forecast period.

In the recent years, safety wear has emerged as an increasingly preferred choice for many companies. These safety products are essential for the prevention and protection against occupational fatalities to workers as well as for the prevention of legal action towards organizations.

However, the high sale volume of spurious and cheap products in the industry is envisioned to challenge the industry growth in the near future. Furthermore, due to the increasing popularity and rising demand for premium branded safety shoes, these products become the sole target for counterfeiting. Thus, high sales volume of counterfeit and low-quality products are expected to challenge the industry growth.

Europe industrial protective footwear market by application, 2012 - 2024 (USD Million)

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Further key findings from the report suggest:

• Leather footwear is presumed to emerge as a predominant product over the forecast period. Leather is increasingly used in safety shoes to provide protection against fatal electric shocks due to its non-conductivity. Moreover, a genuine leather provides protection against falling objects, punctures, cutting hazards, burns, and extreme weather.
• The rubber safety shoe market was valued at over USD 120 million in 2015 and is expected to grow at a considerable rate over the forecast period. With the emerging use of intense colored rubber materials, safety shoes have now become ergonomically enhanced, water resistant, and lightweight, thereby making them a good choice for various industries.
• Construction is expected to emerge as a predominant application segment over the next eight years. Growth in this segment is primarily driven by the rising number of workplace accidents, which has, in turn, fueled the adoption of industrial shoes among infrastructure developers to improve occupation safety.
• Europe led the industry in terms of market share in 2015 and is expected to retain its dominance over the forecast period. The demand in this region is mainly driven by the implementation of standards and compliance with stringent regulations that mandate the use of safety shoes at the workplace. The widespread presence of safety shoe manufacturers in the region is anticipated to drive the industry growth in the region.
• Low-cost labor, capital, and raw materials, as well as low-interest loans and tax incentives, have forced footwear manufacturers to migrate from North America, UK, and Italy to Asia, especially China. Moreover, the Chinese government is presently attracting footwear manufacturers with various incentives and is working to shift the footwear production sites from the coastal regions to internal territories.

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

Ceramic Tiles Market Hits USD 125.32 Billion By 2020: By Grand View Research, Inc.

Global Ceramic Tiles Market is expected to reach USD 125.32 billion by 2020, according to a new study by Grand View Research, Inc. Construction industry growth in BRICS coupled with rising demand for new residential structures in emerging markets of China and India due to urbanization is expected to drive market demand for ceramic tiles over the forecast period. Stringent environment regulations pertaining to carbon emissions caused during the production of ceramic tiles has forced market players to increase their R&D expenditure on eco-friendly products, which is likely to open new market avenues in the near future.

Residential replacement was the largest application, accounting for more than 50% of market volume in 2013. Growing demand for durable material coupled with rising awareness towards personal hygiene is expected to augment ceramic tiles demand in residential replacement over the forecast period.

Global ceramic tiles market volumes by product, 2012-2020 (Million square meters)

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Further key findings from the report suggest:

• Global ceramic tiles market demand was 12,328.3 million square meters in 2013 and is expected to reach 21,822.7 million square meters by 2020, growing at a CAGR of 8.5% from 2014 to 2020.
• Floor tiles were the largest product segment for ceramic tiles market, accounting for over 50% of market volume in 2013. Emergence of floor tiles as a replacement for hardwood and other flooring options on account of superior properties such as high durability, frost & thermal shock resistance is expected to have a positive impact on ceramic tiles market in the near future.
• Asia Pacific was the largest ceramic tiles market, exceeding 60% of global volume in 2013. Government of India and China have increased spending on infrastructure improvement, which is expected to promote the demand for residential and commercial structures and boost ceramic tiles market over the forecast period.
• Emergence of West Africa as a manufacturing hub for ceramic industry on account of growing domestic demand for ceramics in household and building applications in countries such as Nigeria is expected to have a positive impact on market. Low manufacturing cost as compared to countries of North America and Europe has forced numerous ceramic manufacturers to commence production in West Africa. In December 2013, West African Ceramics Ltd. (WACL) announced an investment of over USD 50 million to commence production of ceramic tiles in Nigeria.
• Global ceramic tiles market is fragmented in nature due to presence of numerous companies operating across the world. Key market participants include Crossville Inc., Saloni Ceramica, and China Ceramics.

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

Microspheres Market To Witness Growth Based On Enhanced Demand In Construction & Healthcare Industries Till 2025: Grand View Research, Inc.

The global microspheres market size is expected to reach USD 8.39 billion by 2025, according to a new report by Grand View Research, Inc. The market has witnessed strong growth over the past few years on account of the rising demand from the paints and coatings sector, construction, and healthcare industries. The cost-effective nature of microspheres has been a crucial factor for the increasing market penetration.

Increasing technological innovation in terms of improving the characteristics of microspheres has resulted in the expansion of the market. However, growing concerns over the microbeads impact on the environment and the strengthening of the regulatory framework is expected to have a negative impact on the market.

The growing demand from the paints and coatings sector owing to the increasing production in emerging economies and expansion of the manufacturing industry is expected to have a positive impact over the forecast period.The expansion of the construction industry will remain a major growth contributing factor for microspheres in the near future.

U.S. microspheres market by material, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• The market for hollow microspheres was valued at USD 1.91 billion in 2015 and is expected to foresee significant gains on account of usage in medical and healthcare applications.
• Some critical properties of superior quality glass microspheres are particle size distributions, tight tolerance, and perfect sphericity.
• Multinational healthcare companies are investing in emerging economies such as India and China on account of low production costs and availability of cheap manpower.
• Key industry participants include Potters Industries LLC, Chase Corporation, AkzoNobelExpancel, 3M Company and Sigmund Lindner GmbH. Thissector is also characterized by product development and innovation where companies and research institutes are developing new techniques and products for microspheres that are commercially viable.
• Companies are focusing on expansion of their business presence and are implementing strategies such as acquisitionin order to increase their market penetration within the global market. Potters Industries LLC have developed hollow microspheres that have thicker walls and higher density

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

Metamaterial Market Hits USD 1.35 Billion By 2025: By Grand View Research, Inc.

The global metamaterials market is expected to reach USD 1.35 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 17.8% over the forecast period, owing to Increasing demand from various end-use industries, including consumer electronics and medical, is driving the growth of the market. In addition, growing application scope in the aerospace & defense industry is expected to further fuel the demand growth during the forecast period.

Metamaterials are composite materials specially engineered to have properties that are not found in nature and thus is used in formulation processes across various end-use industries. The key end-use industries, include aerospace & defense, medical, automotive, consumer electronics, and energy & power.

In terms of revenue, the aerospace & defense accounted for the largest share of the industry revenues in 2016 and is anticipated to continue its dominance over the forecast period, projected to grow at a CAGR of 15.2%. The increasing need for advanced telecommunications and safety devices in the aerospace and automotive industries is expected to drive the industry growth.

Different types of metamaterials are used in the different application segments depending upon the requirement of the end use verticals. Metamaterials are also being used in the medical and energy & power industries, owing to its superior properties such as the ability to manipulate electromagnetic waves and provide better imaging in medical equipment.

The demand for metamaterials is expected to be primarily driven by the growth of the end-use verticals in the Asia Pacific region. The growth of the consumer electronics and aerospace & defense industries in the region is likely to have positive impacts on the overall industry growth during the forecast period.

U.S. metamaterials market revenue by end-use, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• The consumer electronics segment is expected to be the highest growing segment in terms of revenue, projected to grow at a CAGR of 21% from 2017 to 2025, mainly on account of the product’s widening application scope in electronics goods for performance enhancement, in place of semi-conductors.
• The aerospace & defense segment emerged as the largest end-use segment in terms of revenue in 2016, and is estimated to continue this dominance till 2025. This can be attributed to the rapid growth of this end-use vertical in key economies such as the U.S., Germany, the UK, China, India, and Russia.
• The antenna segment accounted for the largest market share of the overall industry in 2016 and is anticipated to experience steady growth over the forecast period, primarily owing to the increasing demand for advanced antennas in aerospace, defense, and telecommunications applications.
• The industry in Asia Pacific is projected to witness grow at a CAGR of 22% during the forecast period, mainly owing to robust growth of key end-use industries in the region, most notably the consumer electronics industry.
• Key players of the industry, including Metamaterial Technologies Inc., Echodyne, Kymeta Corporation, and Harris Corporation. Ltd., are mainly focused on mergers & acquisitions and new product developments for gaining access to higher market shares in the overall industry.

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

Luxury Furniture Market Is Projected To Grow Due To Rise In Disposable Income Till 2022: Grand View Research, Inc.

Global luxury furniture market is expected to reach USD 28,600.7 million by 2022 growing at an estimated CAGR of 3.7% from 2015 to 2022, according to a new study by Grand View Research, Inc. This expected growth in demand can be ascribed to rapid urbanization and growing demand for home furnishings. 

Additionally, disposable income of individuals in North America and Asia-Pacific region has also witnessed high growth. Thus, increasing disposable income of individuals is acting as a major driver for the industry progress. 

Luxurious products are becoming an essential part of life; as a result, population is ready to spend on luxurious products. This would contribute to drive the sector growth. In addition, increasing disposable income of individuals has led to think regarding the social status, driving the increased spending on products including furniture. 

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Further key findings from the report suggest:

• Wooden luxury furniture was valued for over USD 5,200 million owing to its higher preference for usage in high class office and home interiors, and wooden furnishings. Presence of several global and local luxury furniture manufacturers present in the sector is also attributive towards larger share of wooden products. 

• Glass is anticipated to witness significant growth in the coming years because of the expected advancements in this segment with respect to manufacturing and incorporation of attractive and stylish designs. 

• Domestic use dominated the sector in terms of revenue generated from end-use segments. Factors that are responsible for such large share of this segment include increased adoption owing to the rise in disposable income and influence of western culture. This segment covers the furniture used in kitchen, living and bedroom, bathroom, outdoor and lighting. 

• Living room registered largest share in the industrial revenue in 2014 because aesthetic value and customization are the notable trends observed in the living and bedroom segment of the luxury furniture industry. 

• Lighting is expected to witness significant progress with a CAGR of over 8% due to available technical development in this sector in order to increase the aesthetic presence of the furnishing in domestic use. 

• Europe was the largest revenue generating region in the luxury furniture industry followed by North America. Asia Pacific region holds a great potential for growth in domestic segment of luxury furniture. High demands for furnishing amenities in hospitality industry coupled with the increasing disposable income in this region are expected to contribute in growth in the regional market. 

• Key participants of the luxury furniture industry include Henredon Furniture Industries Inc., Muebles Pico, Scavolini S.p.a., Laura Ashley Holding Plc, Valderamobili s.r.l, Duresta Upholstery Ltd, Iola Furniture Limited, Nella Vetrina, Giovanni Visentin s.r.l., and Turri S.r.l. 

• Operating entities of this sector are involved in usage of e-commerce platforms to reduce the operating expenses. Use of alternative business models rather than the conventional business models is adopted by the market players in order to maintain their market share. 

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

High Temperature Insulation Market Will Grow at a Steady Rate of 11.5% CAGR from 2014 to 2020: Grand View Research, Inc.

Global high-temperature insulation market is poised to reach USD 5.14 billion by 2020. Increasing emphasis on energy conservation across various industries is projected to be one of the major driving forces for the market. Moreover, stringent regulation imposed on metal, cement, and oil & gas to reduce greenhouse gas emission has further augmented the industry growth. However, the carcinogenic content in high-temperature insulation material pose high risk to health, thus is expected to have an adverse impact on growth

Petrochemical application accounted for more than 30% of the market by revenue in 2013. Rising demand for petrochemicals along with the need towards energy conservation is likely to propel demand for the product in the petrochemical industry. Furthermore, stringent regulations emphasizing on workplace safety is expected to impact growth positively.

Global HTI products volume, by application, 2012

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Demand for HTI materials in petrochemical industry is expected to grow at a CAGR of more than 6% over the forecast period. HTI is also gaining popularity among the powder metallurgy manufacturers. Also, industries such as aerospace, solar equipment, and fire protection industries are also projected to augment the demand for HTI over the forecast period.

Ceramic fibers accounted for more than 57% market by revenue in 2013. Rising trends related to replacing asbestos lining in furnaces and kilns with ceramic fibers is expected to augment market demand over the projected period.

Europe accounted for more than 35% market revenue in 2012. Stringent regulations to reduce GHC emission in Europe are expected to be a key driving factor for the regional market. The demand for HTI product in Europe is primarily dependent on imports from Asia. North America and Asia Pacific also contributed to the significant demand for HTI over the forecast period. Positive regulatory scenario related to improving workplace safety is expected to propel demand over the projected period.

However, European and North American markets have reached saturation and supposed to grow at a sluggish rate. In contrast, Latin America and Asia Pacific region are poised to witness substantial growth owing to rapid industrialization in Brazil, China, and India. Asia Pacific region is poised to grow at a CAGR of more than 8.5% over the forecast period.

Asia Pacific accounted for more than 46% of total production in 2012. Support from the government along with low manufacturing cost is expected to boost production of HTI materials in the region. Asia Pacific exports the majority of the HTI material manufactured in the region to North America and Europe.

Some of the major players in HTI market are Isolite, Skamol, Promat, Zircar, and Pyrotek. Thermal Ceramics and Unifrax dominate the global HTI market. Thermal Ceramics and Unifrax together accounted for over one-third of the total industry in 2012.

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

Active Insulation Market Is Predicted To Grow Swiftly Due To Increasing Demand For Insulation In Building & Construction Till 2025: Grand View Research, Inc.

The global active insulation market is expected to reach USD 357.8 million by 2025, according to a new report by Grand View Research, Inc. Globally, increasing demand for insulation in building & construction has been a major factor driving growth. In addition, growing demand for activewear and sportswear for activities such as cycling, yoga, workouts and sports is also expected to enhance the industry growth.

Europe emerged as the largest regional segment accounting for 34.1% of total market volume share in 2016. This can be attributed to the favorable government regulations regarding use of active insulation in building applications in the region. Asia Pacific is anticipated to emerge as the fastest growing regional segment with a CAGR of 6.3% over the forecast period. Product demand in the region is majorly attributed to the increasing utilization of active insulation technology in the production of active wear and sportswear in countries like China and India.

Active wear emerged as the largest application category and accounted for 57.7% of the total revenue of the textile segment in 2016. Product demand in active wear is expected to witness a comparatively high growth rate over the forecast period.

Glass wool emerged as the leading product segment in building & construction segment in 2016, growing with a CAGR of 4.7% from 2017 to 2025. Being a mature market the North America region has witnessed stable growth in most of the application segments. New construction projects and employment of energy efficiency plans is likely to initiate industry rivalry in the region.

U.S. active insulation market volume by product, 2014 - 2025 (Kilo Tons)

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Further key findings from the report suggest:

• The global active insulation demand exceeded 117 kilo tons in 2016 and is expected to grow at a CAGR of 5.0% from 2017 to 2025
• Polyester emerged as the largest textile product segment in 2016 and is estimated to generate revenue worth over USD 54 million by 2025
• Global EPS demand in building & construction was USD 48 million in 2016 and is anticipated to witness staggered growth over the next eight years
• The U.S. active insulation demand in sportswear application was over 2.9 kilo tons in 2016 and is estimated to witness moderate growth rate from 2017 to 2025
• Product demand in North America is projected to witness substantial growth and is expected to exceed USD 113 million by 2025
• Key players including PrimaLoft, Inc., Polartec, Economical Building Systems dominated the global active insulation market while accounting for over 65% of the total market share in 2016

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

High Performance Alloys Market Is Anticipated To Grow Hastily Due To Rising Demand From Robust Automotive & Aerospace Industry Till 2024: Grand View Research, Inc.

High performance alloys market is expected to reach USD 11.33 Billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to increasing substitution of steel and other alloys by titanium and aluminum based high performance alloys. High strength coupled with superior oxidation resistant properties exhibited by these materials is expected to drive demand over the projected period.

Growing use of the product in industrial gas turbines and other gas turbines used in power generation is expected to drive growth over the forecast period. In addition, increasing government expenditure particularly in developing economies to restart gas based power plants is expected to have a positive impact growth.

Technological advancements related to alloys manufactured using platinum group metals have led to an increase in the demand for the aforementioned product. The platinum-palladium-copper alloys are used in wrought products thereby resulting in a substantial cost reduction. The ruthenium-platinum-palladium alloys are being used increasingly in industrial applications owing to high oxidation resistance and superior strength.

Europe accounted for a significant market share of over 26.0% in 2015 and is expected to witness significant growth over the next eight years. Increasing demand for high performance alloys from the robust automotive and aerospace industry in the region is expected to propel demand.

U.S. high performance alloys market revenue, by application, 2013 - 2024 (USD Million)

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Further key findings from the report suggest:

• Non-ferrous high performance alloys are expected to be the fastest growing segment, growing at a CAGR of over 3.0% from 2016 to 2024. Increasing application scope of the products in aerospace as well as industrial applications owing to its ability to withstand high temperature and pressure is expected to fuel demand.
• Electrical & electronics segment was valued at over USD 6.00 billion in 2015. High performance alloys used in electrical & electronics applications are added with conductive metals to optimize performance efficiency. Furthermore, growing use of these products in electrical & electronics applications owing to its superior thermal resistance is likely to fuel growth over the forecast period.
• Asia Pacific is expected to exhibit the highest growth owing to growing demand for these products particularly in emerging economies owing to rapid industrialization in Indonesia, India, and China. Furthermore, increasing government initiatives coupled with supportive regulations benefiting the manufacturing sector is expected to augment growth over the projected period.
• Superalloys segment is expected to register a market growth of CAGR of over 4.5% from 2016 to 2024. The corrosion-resistant superalloys are extensively used in extreme environments owing to its ability to offer superior heat and corrosion resistance. Growing use of these alloys in power plants, chemical and petrochemical processing, and oil and gas industries is expected to augment demand over the next eight years.
• Key market players include VSMPO, RTI International Metals, Carpenter Technology Corporation, Aperam, Haynes International, Outokumpu. Alcoa Inc., Timken Company, Precision Castparts Corp.

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

Geosynthetics Market To Reach $27.08 Billion By 2022: Grand View Research, Inc.

Global Geosynthetics Market is expected to reach USD 27.08 billion by 2022, according to a new study by Grand View Research, Inc. Construction industry growth in India, China and Middle East, on account of rising expenditure on infrastructure development is expected to be a crucial driving factor for geosynthetics market growth.

Increasing application of geotechnical products for controlling seepage problems in building and irrigation projects is expected to have a favourable impact. Growing shale gas production in U.S. and Canada on account of increasing expenditure on hydraulic fracturing at domestic level may drive industry growth in the near future.

Geotextiles market were the largest product segment with demand estimated over 4,300.0 million square meters in 2014. They find application in erosion control and soil reinforcement on account of properties such as flexibility, permeability and enhanced thickness.  

Europe geosynthetics market volume, by product, 2012-2022, (Million square meters)

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Further key findings from the report suggest:

• Global geosynthetic market size was 6,124.0 million square meters in 2014 and is expected to reach above 9,000.0 million square meters by 2022, growing at a CAGR of 5.1% from 2015 to 2022.
• Roads & pavements accounted for over 30% of global volume in 2014. Geogrids and geotextiles are incorporated for soil reinforcement and facilitating filtration during road construction.
• Containment & waste water application is expected to witness the fastest growth in terms of volume, at a CAGR of 5.7% from 2015 to 2022. Rising importance of waste water treatment in mining and upstream oil & gas sectors is expected to increase geotechnical product use in the near future.
• Asia Pacific geosynthetic market was valued over USD 6,100 million in 2014. The Government of India announced Make in India Campaign in September 2014 which is aimed at increasing manufacturing output through foreign direct investment at domestic level. This supportive plan is expected to increase expenditure in construction industry and thus likely to have a positive impact on the market.
• Key geosynthetic manufacturers include Agru America Inc, TenCate, NAUE, Low & Bonar PLC, GSE, Asahi-Kasei and Officine Maccaferri. In February 2015, Propex launched erosion control solution under the brand name, Propex TeetoGreen technology, intended for the golf course industry. This technology is designed for providing solution to challenges pertaining to soil erosion faced by club managers, golf course owners, builders and superintendents.

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

Geomembrane Market Worth USD 2.43 Billion By 2025: Grand View Research, Inc.

The global geomembrane market is expected to reach USD 2.43 billion by 2025, according to a new report by Grand View Research, Inc. Increasing spending towards waste and water management programs in Germany, Russia, China, and India is anticipated to drive the market. In addition, positive outlook towards mining industry in Middle East countries, South Africa, Peru, and Chile is expected to play a crucial role in increasing the application of geomembrane as a barrier medium to control industrial waste.

HPDE was the most extensively used raw material accounting for 32.6% of the global geomembrane market volume in 2015. Low cost, ease of installation, good welding strength, excellent low-temperature performance and good thermal stability during exposure makes HDPE as a favorable choice of raw material for the production geomembrane.  

Global geomembranes market volume, by application, 2015

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Further key findings from the report suggest:

• The global demand for geomembranes was 809.9 million square meters in 2015 and is expected to witness growth on account of its increasing usage for water management, mining, and civil construction
• EPDM is increasingly used as a raw material for the production of geomembrane on account of providing good flexibility, excellent mechanical strength, and effective UV resistance, and thus, is expected to witness the fastest growth at a CAGR of 6% over the forecast period. Geomembrane manufacturers mix EPDM with carbon black, curing agents and processing chemicals to produce larger sheet sizes which induce properties including excellent elastic elongation and superior weathering resistance.
• The global market for extruded geomembranes was 486.5 million square meters in 2015, making it the most widely utilized technology for manufacturing. Extrusion results in the formation of thin sheets which allows for flexibility of the geomembranes resulting in increasing its durability under stress.
• The robust presence of mining base in Australia and China in light of the abundance of minerals such as steel and diamond, respectively, coupled with improvement in mining sectors of African countries including South Africa and Nigeria in light of regulatory support is expected to result in significant demand for geomembranes. Mining is expected to grow at a CAGR of 4.9%, in terms of volume over the forecast period.
• Asia Pacific was the largest consumer of geomembranes in 2015 accounting for 34.3% of the global volume share, and the trend is expected to continue over the forecast period. Rising awareness towards engineering polymers in the construction industry of emerging economies including China and India in light of new capacity additions by companies including BASF and Dow at the domestic level is expected to new markets over the next seven years.
• Key operating companies in the market include GSE Holdings, AGRU, CETCO, NAUE, and Solmax. Companies are focusing on expanding their market share via numerous strategies including mergers & acquisition and capacity expansions. For instance, in May 2014, GSE Environmental, Inc. opened a new manufacturing facility in Suzhou, China. In February 2014, GSE Holding signed a global distribution agreement with Tenax Group. This agreement will enable GSE Holding to distribute the products of Tenax Group, which include reinforced geosynthetics on a global level.

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

Microporous Insulation Market Is Anticipated To Rising Demand In Aerospace & Defense Sectors Till 2025: Grand View Research, Inc.

The global microporous insulation market is expected to reach USD 184.8 Million by 2025, according to a new report by Grand View Research, Inc. The rapid growth of the end-use industries has been a major factor driving the global market.

 Energy & power industry has been witnessing significant growth in the power generation from renewable energy. Thermal insulation is one of the vital requirements during manufacturing on account of high levels of heat emission by gas and steam turbines. The superior properties of microporous insulation allow efficient protection of the equipment during power generation. This is likely to have a positive impact on the demand for the product in this sector.

High product cost is expected to be the major market restraint over the forecast period. High manufacturing cost on account of low industrial production capacity is anticipated to restrict market growth.

The product is considered expensive for utilization in price sensitive sectors such as commercial, automotive, and industrial applications. However, companies including Thermodyne have been trying to develop products which can lead to energy conservation and weight reduction, thereby compensating the high cost.

UK microporous insulation market, by product, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• Flexible panel segment is expected to grow at fastest CAGR of 5.1% due to its wide range of application in oil & gas industry
• Industrial segment emerged as the largest application in 2016 and is expected to grow at a CAGR of 4.7% from 2017 to 2025 on account of high utilization of the product in metal, iron & steel, nonferrous metals, and ceramic industries
• Oil & gas industry is expected to grow at fastest CAGR of 6.5% in Middle East & Africa region due to presence of huge oil reserves
• Europe accounted for the largest market share in 2016 and is expected to grow at a CAGR of 3.8% from 2017 to 2025. The industry is expected to witness fastest growth in demand from aerospace & defense sector in the region.
• The Asia Pacific market is expected to witness fastest CAGR of 6.0% from 2017 to 2025 on account of high GDP growth, rising population, and rapid industrialization in the region
• Market players have been adopting mergers & acquisition and expansion as their key strategic initiatives over the past years. For instance, in August 2011, Unifrax LLC acquired three North American vacuum forming businesses which are, VacuForm Incorporated ("VFI"), Refractory Specialties Incorporated ("RSI"), and specialty Ceramics Incorporated ("SCI").
• In December 2013, Promat International Nv started a new factory in North America to expand its product offerings in passive fire protection (PFP) and high-performance insulation (HPI)

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Flooring Market Is Anticipated To Grow Hastily Due To Enhanced Application Scope In Residential, Commercial & Industrial Sector Till 2020: Grand View Research, Inc.

The global flooring market is expected to reach USD 326.38 billion by 2020, according to a new study by Grand View Research, Inc. Growing focus on innovative flooring that is durable in nature is expected to drive market growth through the forecast period. Increased insulation demand is also expected to give impetus to the market over the next six years.

The market is characterized by changing customer preferences, with considerable rise in home improvement and renovation projects. Development of hassle-free installation techniques and coupled with growing demand for environmentally sustainable products is also expected to contribute to industry growth. Environmental and health-related concerns regarding various flooring solutions may pose a challenge to industry participants.

Global flooring market, by product, (Billion Square Feet), 2012 – 2020

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Further key findings from the report suggest:

• Global flooring market demand was estimated at 161.19 billion square feet in 2013, and is expected to reach 240.10 billion square feet by 2020, growing at a CAGR of 5.9% from 2014 to 2020.

• Soft coverings dominated flooring demand and accounted for over 35% of the overall market volume in 2013. Resilient flooring market is expected to witness substantial growth over the next six years, since it offers benefits such as cost effectiveness, easy installation and low maintenance. Increased demand for antimicrobial and antibacterial flooring is expected to favorably impact resilient flooring demand.

• Residential segment was the largest application area in 2013 and accounted for over 50% of the market volume. Owing to growing demand across the construction industry and increased home improvement and renovation projects, the market for flooring products in residential applications is expected to witness growth over the forecast period.

• Asia Pacific accounted for over 45% of the global demand in 2013, and is expected to continue dominating the market over the next six years. This can be attributed to increased demand for residential and non-residential building spaces due to population growth and urbanization.

• Key industry participants include Shaw Industries, Mohawk Industries, Interface, Inc., Mannington Mills, Armstrong, etc. Developing a vertically integrated infrastructure is expected to be a critical success factor for gaining market share. As a result, mergers and acquisitions, coupled with meeting consumer preferences through product differentiation have been among the key strategies adopted.

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Protective Textiles Market To Witness Growth Based On Growing Awareness Of Worker’s Health And Safety Till 2025: Grand View Research, Inc.

The global protective textiles market is expected to reach USD 7.78 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 3.4% CAGR owing to increasing industrial fatalities in developing economies owing to the lack of protective gear coupled with growing awareness of worker’s health and safety are expected to drive the market growth.

The increasing importance of raw materials that offer features such as lightweight, comfort, higher heat resistance, and wear & tear resistance for workwear has been a significant incentive for companies to conduct R&D activities extensively. The initiatives are mainly intended at attaining multi-functionality of workwear fabrics and rise its application scope. Improving product designs and specifications are expected to provide market participants with immense opportunities over the forecast period.

Ballistic protective apparel is estimated to witness the highest penetration and growth over the projected period, owing to the increasing use of high performance protective textiles in the military sector. Defense sector holds the largest market segment in the global ballistic fabrics industry and is anticipated to have remarkable growth over the next few years driven by rising concerns over national security and escalating geopolitical unrests.

U.S. protective textiles market revenue by application, 2014 - 2025 (Million)

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Further key findings from the report suggest:

• The heat and flame-resistant garments application segment was worth USD 1.21 billion in 2016 and is estimated to grow at a CAGR of around 3%, owing to rising demand in end-use industries such as oil & gas, refineries, iron & steel plants, and aluminum plants
• Mechanical protective clothing in the U.S. accounted for over 17% of the total revenue in 2016
• Chemical defending garments segment is anticipated to grow at a CAGR of 3.5% from 2017 to 2025
• Electrical protection apparel is estimated to reach USD 637.1 million by 2025 and is projected to witness moderate growth over the next few years
• In the application of surgical garments, the protective textiles play a significant role in the absorption of excessive heat during surgical procedures from the body, which is estimated to raise the product demand for health care sector
• The market in North America is expected to grow at a CAGR of over 3.5% over the next decade to reach a net worth exceeding USD 2.30 million by 2025
• Asia Pacific is projected to witness the maximum growth over the next nine years. The region accounted for 19.1% of the total revenue in 2016
• Key players such as DuPont, W.L. Gore & Associates Inc., Royal Ten Cate NV, and Schoeller Textil AG dominated the global protective textile market over the past few years

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