Polyamide-Imide Market Will Be Worth $668.9 Million By 2024: Grand View Research, Inc.

The global polyamide-imide (PAI) market is expected to reach USD 668.9 million by 2024, according to a new report by Grand View Research, Inc. Significant growth can be attributed to surging PAI demand in molding resin and wire enameling applications.

The global automotive industry has been witnessing significant growth on account of low-cost manufacturing and government support in the form of tax benefits and financial incentives particularly in emerging Asian countries such as China, Indonesia, India, and Thailand. With an ongoing trend towards metal replacement in the automotive and aerospace industry, polyamide-imide molding resins have immense potential for components in engine parts and drive transmission parts that form 50% of the automotive component industry.

U.S. polyamide-imide (PAI) market revenue by application, 2014 - 2024 (USD Million)

PAI polymers in fiber application also offer ample opportunity for the meta-aramid clothing industry. This material has heat and flame resistant characteristics and is one of the superior products used in the protective clothing industry. Growing demand for thermal protection clothing in the military, defense, chemical, and oil & gas industries is expected to steer polyamide-imide fiber demand over the next eight years.

Fiber application segment is expected to witness moderate growth rate over the next eight years. In terms of revenue, the segment is anticipated to grow at a CAGR of 6.3% from 2016 to 2024. Surging demand for heat and flame resistant clothing in firefighting services, defense, and industrial sectors is expected to drive PAI-based fiber demand over the next eight years.

Browse full research report on Polyamide-Imide Market: www.grandviewresearch.com/industry-analysis/polyamide-imide-pai-market

            

Further key findings from the study suggest:       

              

• The global polyamide-imide (PAI) market demand was 9.96 kilo tons in 2015 and is expected to reach 16.32 kilo tons by 2024, growing at a CAGR of 5.7% from 2016 to 2024
• Molding resins were the leading application segment and is anticipated to grow at a CAGR of 5.8% over the forecast period. Significant demand for high performance polymers with enhanced heat and flame resilience in automotive components is expected to steer PAI demand for compounded materials.
• Wire enamel application is anticipated to emerge as the fastest growing application segment by 2024. Polyamide-imide demand in the segment was 617.4 tons in 2015. Surging demand for insulated magnet wires with excellent heat and shock resistance than conventional materials such as polyester and polyurethane is expected to steer polyamide-imide demand in this segment.
• Asia Pacific is expected to emerge as fastest growing regional market and witness a growth rate of 6.8% over the next eight years. China polyamide-imide market is expected to reach a net volume of 2,457.1 tons by 2024.
• Key industry participants in the market include Kermel, Solvay, Toyobo, and Ensinger that are integrated across the value chain from raw material procurement to product manufacturing and supplying. Other players operating in the global PAI industry include Shanghai Songhan Plastics Technology Co., Ltd., Fujifilm, and Innotek.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/plastics-polymers-and-resins                                                                                                                                                                        

Grand View Research has segmented the polyamide-imide (PAI) market on the basis of application and region:

Global Polyamide-Imide (PAI) Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

• Molding resins
• Wire enamels
• Coatings
• Fibers

Global Polyamide-Imide (PAI) Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

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

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-polyamide-imide-pai-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

Advanced Energy Storage Systems Market Is Expected To Be Valued At $6.93 Billion By 2022: Grand View Research, Inc.

Global advanced energy storage systems market is expected to reach USD 6.93 billion by 2022, according to a new study by Grand View Research, Inc. Increasing demand for utility scale power generation particularly during peak hours is expected to augment demand for advanced energy storage systems. Advanced energy storage systems efficiently manage energy resources thereby reducing the need for utility scale power generation plants. The above factor significantly helps in reducing fixed cost and is expected to play a key role in market growth over the forecast period.

Stringent regulatory framework governing the use of fossil fuels for power generation is also expected to act as a major driver for advanced energy storage systems market growth. Power plants generate significant quantities of GHG such as CO₂, which can be overcome through the efficient use of advanced energy storage systems. These systems store energy when generated and are capable of providing back up power in times of excess power demand (peak hours).

Browse full research report on Advanced Energy Storage Systems Market: www.grandviewresearch.com/industry-analysis/advanced-energy-storage-systems-market      

      

Further key findings from the study suggest:   

                  

• Thermal energy storage systems were the largest technology segment in terms of installed capacity accounting for over 40% of global market in 2014. High efficiency in terms of energy storage and ability to provide power during peak hours in expected to play a major role in promoting market growth.
• Battery storage devices market is still in a nascent stage and is expected to witness fastest growth at a CAGR of over 18% from 2015 to 2022. The market has large potential owing to easy charging properties and re-energization of the electrolyte liquid resulting in negligible wastage.
• North America dominated the advanced energy storage systems market accounting for over 45% of global installed capacity in 2014. Stringent regulations with regards to environmental emissions are expected to result in increased installations of advanced energy storage systems, particularly in the U.S.
• Asia Pacific is expected to be the fastest growing market for advanced energy storage systems at a CAGR of over 18% in terms of revenue from 2015 to 2022. Growing industrialization and improving consumer lifestyle has resulted in a surging need for energy which in turn is expected to augment advanced energy storage systems market in the region.
• Advanced energy storage systems market is highly fragmented owing to the presence of numerous companies across multiple technologies. Owing to the technology driven nature of the market, key companies including AES Energy Storage, LG Chem, GE and Alevo are heavily investing into R&D to develop breakthrough technologies.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/power-generation-and-storage                                                                                                                                                                      

Grand View Research has segmented the global advanced energy storage systems market on the basis of technology and region:

Global Advanced Energy Storage Systems Technology Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 - 2022)

• Batteries
• Flywheel
• Thermal
• Compressed Air
• Molten Salt

Global Advanced Energy Storage Systems Regional Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 - 2022)

• North America
• U.S.
• Europe
• Germany
• UK
• Latin America
• Brazil
• Asia Pacific
• China
• India
• Japan
• MEA
• Saudi Arabia

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-advanced-energy-storage-systems-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

Solar Control Glass Market To Reach $8.88 Billion By 2024: Grand View Research, Inc.

The global solar control glass market is expected to reach USD 8.88 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand owing to positive construction and automotive industry outlook is expected to propel solar control glass market growth.

Solar control glass allows a significant amount of sunlight to pass through and reflects a large amount of solar heat thus making it suitable for green building applications. The growing trend of green buildings constructions with high energy efficiency and reduced CO₂ emissions is expected to drive market demand for solar control glass over the forecast period.

Germany solar control glass market revenue, by application, 2013 - 2024 (USD Million)

The demand is driven by countries such as U.S and Germany where there is a growing trend of green buildings. The favorable government policies in China and Japan are expected to boost demand for this product. The growing usage in the automotive industry owing to reduced air conditioning costs will have a positive impact on demand for solar control glass over the forecast period.

Browse full research report on Solar Control Glass Market: www.grandviewresearch.com/industry-analysis/solar-control-glass     

      

Further key findings from the study suggest:      

               

• Commercial buildings will witness the fastest growth at a CAGR of 9.1% in terms of volume from 2016 to 2024 as a result of increasing projects that are energy efficient coupled with government regulations promoting energy efficient buildings.
• European market was valued at USD 1.74 billion in 2015 and will show significant rise owing to growing demand for commercial buildings with provisions to reduce the CO₂ emissions resulting from the air conditioning in the building. Growing automotive industry in in Germany is expected to propel demand for this product.
• MEA will witness significant revenue growth at a CAGR of 10.1% from 2016 to 2024 in light of the increasing construction projects and arid climatic conditions in that region.
• Key participants include NSG, AGC Glass Europe, and Saint-Gobain together accounting for a major market share in 2015. Other prominent players include PPG Glass Industries, Guardian Glass, Sisecam Flat Glass and Euroglas GmbH.

• Companies are focusing on increasing their footprint within the global solar control glass industry through various strategic initiatives. For instance, in June 2016, PPG announced the sale of its European fiberglass operations to Nippon Electric Glass Co. to focus on growing market of low emissivity solar control glass. In July 2016, AGC introduced Ipasol neutral 70/37 and Ipasol light gray 60/33 solar control glass products in the market to meet the growing demand.

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

Grand View Research has segmented the global solar control glass market on the basis of application and region:

Application Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)

• Commercial Buildings
• Residential Buildings
• Automotive

Regional Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• MEA

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-solar-control-glass-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

Geotextile Market Is Witnessing Significant Growth Due To Growing Construction In Developing Economies Till 2024

The global geotextile market is expected to reach USD 8.18 billion by 2024, according to a new report by Grand View Research, Inc. Cost effectiveness, longer life span as compared to other materials, and growing environmental concerns is expected to have a positive impact on the industry over the next seven years.

These products are relatively inexpensive and when appropriately designed are used as replacements for traditional granular treatment which aids in significant cost saving in terms of fabric as well as labor. This is expected to boost industry growth over the next eight years.

Rising government expenditure for infrastructure development, especially in Asia Pacific including India and China, is projected to fuel product need over the forecast period. Also, increasing the need for efficient drainage systems in various regions particularly in North America and Europe will have a positive impact on industry growth.

U.S. Geotextile Market volume, by application, 2013 - 2024 (Million Square Meters)

Geotextiles have been gaining popularity over the last few years due to increasing awareness regarding their benefits such as high durability, high tensile strength, and biodegradability. Rising environmental concerns among consumers are expected to fuel product demand over the forecast period.

Browse full research report on Geotextile Market: www.grandviewresearch.com/industry-analysis/geotextiles-industry     

  

Further key findings from the study suggest:   

                  

• Global Geotextile Market size was 4,505.0 million square meters in 2015 and is projected to reach 10,897.3 million square meters by 2024, growing at a CAGR of 10.4% from 2016 to 2024
• Woven geotextile market was estimated at over 1,200.0 million square meters in 2015. Limited availability coupled with high product prices as compared to non-woven textiles will hamper industry growth over the forecast period. In addition, its heavier weight with limited ranges of fabric availability may act as a market challenge. However, rising use in erosion prevention in China is expected to fuel demand over the forecast period.
• Polypropylene is projected to be the fastest-growing raw material for geotextile manufacturing in terms of revenue at a CAGR of over 13.0% from 2015 to 2024. Rising product use in road construction on account of its efficient filtration properties and longer lifespan as opposed to polyester and polyethylene is expected fuel need over the projected period.
• Drainage is anticipated to be a potential market for geotextiles over the next eight years on account of increasing government spending on infrastructure development which includes drainage facilities in developed as well as developing nations. Product market for drainage applications was estimated at over 700 million square meters in 2015.
• North America was the second largest market with demand over 1,000.0 million square meters in 2015. Strict environmental regulations have influenced manufacturers to shift from synthetic to natural raw materials such as jute and sisal. Europe followed North America and accounted for over 21.00% of the global volume in 2015.
• In February 2013, GSE acquired SynTec LLC, a manufacturer of various geosynthetic products for USD 10 million to broaden its product portfolio. In May 2013, GSE initiated production of geosynthetics primarily geotextiles at its plant in Suzhou, China with an annual capacity of about 20,000 tons.

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

Grand View Research has segmented the global Geotextile Market on the basis of product, material, application and region:

  Geotextiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)

• Non-woven
• Woven
• Others

  Geotextiles Material Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)

• Polypropylene
• Polyester
• Polyethylene
• Others

  Geotextiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)

• Road construction
• Erosion control
• Drainage
• Others

  Geotextiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Brazil
• MEA
• U.A.E

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