Europe Carpet Market Is Anticipated To Reach $60.31 Billion By 2022: Grand View Research, Inc.

Europe carpet market is expected to reach USD 60.31billion by 2022, according to a new report by Grand View Research, Inc. Rising expenditure towards home improvement and residential floor replacement in developed markets of Germany and Spain is expected to fuel the demand for soft covering flooring material, particularly, carpet. 

Rising environmental concerns over green house gas emissions has resulted in a shifting preference towards the development of biodegradable and sustainable products. In January 2015, Niaga established partnership with DSM for the development of carpet technology with 100% recycling and 95% energy reduction processes. 

Demand for nylon exceeded 315.0 million square meters in 2014 and is expected to foresee significant gains owing to increased acceptance of polyamides for providing good wear properties. Over the past few years, companies including ROLS have increased their expenditure for incorporating nylon along with wool and yarn to manufacture tailored base product forms.

UK carpet demand, by raw material, 2012-2022, (Million Square Meters)

Browse full research report on Europe Carpet Market

Further key findings from the report suggest:

• Europe carpet demand was 665.7 million square meters in 2014 and is expected to exceed 800 million square meters by 2022.Improvement in residential sector of Eastern European countries including Russia and Turkey on account of increasing spending by builders is expected to promote the importance of flooring including carpets.
• Demand for woven carpets is expected to grow at a CAGR of 2.5%, in terms of volume, from 2015 to 2022. These products are expected to maintain a significant chunk of market on account of providing excellent mechanical strength.
• Non-residential sector generated demand of over 250.0 million square meters in 2014 and is expected to witness growth in light of rising importance of carpet as good insulation material in retail outlets and commercial offices. However, high price and low durability of soft flooring materials as compared to ceramic as well as wood laminate material is expected to have a negative impact.
• Spain is expected to witness growth at a CAGR of 2.6%, in terms of volume, from 2015 to 2022 on account of increasing housing sector output as a result of rising number of new housing permits in Greater Madrid.
• European market is highly fragmented on account of large number of manufacturers across the region. Regulatory support intended for promoting recycling of flooring materials in Europe is expected to increase result in shifting preference of manufacturers.Key industry participants include Agnella SA, Balta Group, Brintons, Creatuft NV, Associated Weavers International Group NV, Dekowe GmbH &Co.KG, Fletco and Egetæpper A/S.

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

Europe Aerosol Container Market Will Be Worth $1.37 Billion By 2022: Grand View Research, Inc.

Europe aerosol container market is expected to reach USD 1.37 Billion by 2022, according to a new report by Grand View Research, Inc. Europe aerosol container is expected to witness substantial growth over the forecast period owing to its widespread use in household, paint, and medical industries. Furthermore, growing demand for these products from food & beverage and automotive applications is expected to propel market growth over the projected period.

Increasing demand for cosmetic products in countries including UK, France, Germany and Italy is expected to have positive impact on market growth. Furthermore, rising demand from personal care sector owing to increasing use of deodorants, hair sprays, and shaving creams among young population is expected to be a key driver for aerosol container market growth.

Europe aerosol container market revenue, by product, 2012-2022 (USD Million)

Browse full research report on Europe Aerosol Container Market

Further key findings from the report suggest:

• Europe metal aerosol container accounted for over 95% of the market share in 2014. Increasing demand for these products owing to its superior barriers properties which protects the product from negative effects of UV radiation on medical, personal care and food products is likely to increase market share.

• Growing demand for glass aerosol container from medical industry including pharmaceutical manufacturers as well as laboratory research is expected to drive production growth over the forecast period. These containers are non-porous, impermeable and have no chemical interactions with the product stored, thus promoting its use in medical and laboratory applications. 

• Metal aerosol container production in France was over USD 130 million in 2014. Presence of large number of personal care companies coupled with rising use of these products in personal care packaging is expected to propel demand over the next seven years. France is the fourth largest paint exporter in the world and has been exporting to economies including Poland, Turkey and Russia. Rising demand for paint from various applications, especially construction, is expected to propel container production in the region. 

• UK aerosol container production is expected to witness significant growth, growing at a CAGR of over 4% from 2015 to 2022. Growing demand for these products in personal care products is likely to propel production over the next seven years. Rising demand for these containers owing to their light weight and corrosion resistance properties is expected to propel demand over the forecast period. 

• Europe aerosol container market is integrated across various stages of the value chain particularly from container manufactures to end-use industries and recycling companies. Raw material companies include Arcelor Mittal, Alcoa Inc., TW Metals, and Crown Aerosol provides various raw materials including stainless steel and aluminum in the form of rod, sheet, plate, tube or pipe.

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

Automotive Plastic Fasteners Market To Reach $3.67 Billion By 2021: Grand View Research, Inc.

The global automotive plastic fasteners market is expected to reach USD 3.67 billion by 2021, according to a new report by Grand View Research, Inc. Increasing substitution of metal fasteners in automotive interiors owing to improved aesthetics and lightweight characteristics is expected to propel demand.

The plastic fasteners production is highly influenced by high production volumes of automotive vehicles across major economies of the world. The market is highly fragmented and competitive owing to various small-scale manufacturers concentrated in countries including Thailand, China, and Germany.

The industry rivalry is expected to be high owing to manufacturers of low switching cost of manufacturers from metal to plastic products. However, factors including low tensile strength of the fasteners in high stress applications is expected to impact the product demand.

Illinois Tool Works Incorporated (ITW), ARaymond and Alcoa, Inc. are the major manufacturers dominating the market. Profit margins of companies vary in the range of 15 to 20% owing to reduced manufacturing costs. The uncertainty in automotive production statistics coupled with raw materials price volatility are expected to be major barriers for new entrants in the market.

U.S. automotive plastic fasteners market revenue by vehicle type, 2011 - 2021 (USD Million)

Browse full research report on Automotive Plastic Fasteners Market

Further key findings from the report suggest:

• The product demand in automotive interior application is expected to grow at a CAGR of 11.8% from 2017 to 2021, owing to their light weight, wide variety, and compatibility with the internal ambience of the vehicle. In addition, increasing product demand on account of their ability to resist water and dust ingress in car interiors, is expected to propel growth
• The average price and weight of a plastic fastener is significantly lower than a metal fastener, which lowers the vehicle cost and improves the overall automobile efficiency. As a result, the product demand in passenger cars is expected to reach the revenue of USD 1.96 billion by 2021
• The demand for plastic fasteners in Europe was valued at USD 461.5 billion in 2016 and is expected to grow at a CAGR of 7.7% from 2017 to 2021. The presence of a large number of automotive companies, including General Motors Company, Ford, Fiat, Toyota Motor Corporation, and AM General in the region is expected propel growth
• Japan & South Korea have been a major market for the product accounting about 25% of the overall fasteners demand in Asia Pacific. However, both these regions witnessed a decline over the next two consecutive years in terms of production, which impacted the industry growth
• The key fastener manufacturers across the globe include Illinois Tool Works Incorporated (ITW), ARaymond, Sundram Fasteners Limited, Precision Castparts Corporation and Alcoa, Inc.

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

Gypsum Board Market To Witness Growth Based On Rapid Industrialization & Population Growth Till 2025:Grand View Research,inc.

The global gypsum board market is expected to reach USD 79.17 billion by 2025, according to a new report by Grand View Research, Inc. Rapid economic growth in Asia Pacific and GCC countries has led to tremendous increase in migration of rural population to urban areas, thereby spurring plasterboard demand for residential accommodation.

High purchasing and borrowing power, easy availability of housing finances along with increasing number of dual income families are some key factors driving construction industry growth. The Saudi Arabian government has taken various measures in 2016 in order to address affordable housing needs of middle income families. The ministry plans to provide over 2,33,651 residential units through 187 housing projects in its pipeline. These factors are positively influencing gypsum board market growth across the region.

Pre-decorated boards are gaining wide acceptance in various construction projects owing to their low maintenance and easy installation properties which makes them cost and time effective. Growing focus towards environmentally sustainable green building construction materials, which reduces overall overhead expenses has boosted industry growth.

Residential construction is anticipated to witness high growth rate in India owing to various government’s initiatives including Smart Cities, easing FDI norms, flexible housing loans and increasing investment in urban infrastructure development. These factors are further projected to augment gypsum board demand.

U.S. gypsum board market revenue by product, 2014 - 2025 (USD Million)

Browse full research report on Gypsum Board Market

Further key findings from the report suggest:

• The global gypsum board demand exceeded 11.68 billion square meters in 2016 and is expected to grow at a CAGR of 6.1% from 2017 to 2025
• Wallboard emerged as the dominant product segment in 2016 owing to the increasing demand of cost and time effective building materials in various green building projects
• Ceiling board is also increasingly being preferred by architects since it facilitates a beautiful, homogenous appearance along with a smooth finish without any visible joints
• Gypsum products holds the potential to replace traditional building materials including wood, steel and glass owing to its wide application scope
•  Abundant mineral reserves in GCC economies, including Iran has led to increased production in the region, which has created ample growth opportunities for domestic as well as international players
• Key players include Etex Group, Global Mining Company LLC, Beijing New Building Material, Lafarge, Knauf Dubai, Gypsemna, USG Zawawi LLC, Saint Gobain Gyproc and UMI Company Ltd.  among others

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

Conveying Equipment Market Is Anticipated To Grow At 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.

Browse full research report on 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.

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

Building Thermal Insulation MarketTo Be Driven By Increasing Demand For Insulation In Residential & Non-Residential Buildings Till 2025:Grand View Research,inc.

The global building thermal insulation market is anticipated to reach USD 36.9 billion by 2025, according to a new report by Grand View Research, Inc. The demand for energy is on a rise in the developed as well as developing countries and so is the price of energy.

Insulating homes help in curbing up to 20% of the regular energy costs as it considerably reduces the cooling and warming prices during summers and winters. All these factors have propelled the demand for thermal insulation market in residential as well as commercial buildings. Re-insulation of old houses provides a lucrative opportunity.

Europe is expected to account for the largest demand owing favorable government regulations. Asia Pacific is anticipated to emerge as the fastest growing region, and China is likely to account for a major share of the market. Other countries in this region such as the Philippines, Indonesia are expected to witness rapid growth in upcoming years.

The market is mature and owing to large numbers of players it is considered to be price sensitive. Implementation of stringent regulation poses a major challenge to most of the market participants but this, in turn, is likely to result in high industry rivalry.

U.S. building thermal insulation market by product, 2014-2025 (USD Million)

Browse full research report on Building Thermal Insulation Market Analysis:

Further key findings from the report suggest:

• Asia Pacific is expected to gain 1.0% market share by 2025 and is anticipated to grow at highest estimated CAGR of 4.2% during the forecast period
• Asia Pacific is characterized by high insulation demand in residential and commercial buildings
• Europe building thermal insulation is expected to grow at an estimated CAGR of 3.5% from 2016 to 2025
• EU initiatives to promote thermal insulation as a means of energy conservation strategy are expected to support the market growth in Europe
• Residential construction emerged as the largest segment with 50% of the total market demand in 2015
• Expanded polystyrene (EPS) is projected to grow at the highest CAGR on account of its exceptional thermal insulation property
• Expanded polystyrene (EPS) accounted for 29.6% of market share by volume in 2015
• Influential companies operating in this market include Dow Building Solutions, Owens Corning Corp., Johns Manville Corporation, Huntsman International LLC, CertainTeed Corporation, Kingspan Group PLC, BASF Polyurethanes, Saint-Gobain S.A., etc.

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

Ceramic Tiles Market Is Predicted To Reach 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)

Browse full research report on Ceramic Tiles Market Analysis:

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.

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