Luxury Furniture Market Is Anticipated To Reach $28.60 Billion By 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. 

Browse full research report on Luxury Furniture Market: www.grandviewresearch.com/industry-analysis/luxury-furniture-market                                                                                                                                

Further key findings from the study 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. 

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

Grand View Research has segmented luxury furniture market on the basis of material used, end-use, and region:

Global Luxury Furniture Outlook, By Material (Market Revenue in USD Million, 2012 - 2022 )

• Wood
• Metal
• Glass
• Leather
• Plastic
• Others

Global Luxury Furniture Outlook, by End-use (Market Revenue in USD Million, 2012 - 2022 )

• Domestic use
• Living & Bedroom
• Kitchen
• Lighting
• Outdoor
• Bathroom
• Commercial use
• Hospitality
• Office
• Others

Global Luxury Furniture Regional Outlook (Revenue, USD Million, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• RoW

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

Increase In Number Of Hotel Visitors Is Driving The Lodging & Hotel Industry Growth Is Expected To Bolster Growth Of PVD Faucet Finishes Market

The PVD faucet finishes market size in U.S., Germany, and China is expected to value USD 11.8 billion by 2020, according to a new report by Grand View Research, Inc., exhibiting a 7.3% CAGR during the forecast period. Increasing expenditure on renovation by hotel groups and rise in home constructions are expected to drive demand for PVD faucet finishes. Increasing urbanization is another factor fueling market growth.

Physical Vapor Deposition (PVD) refers to the process of bonding a finish to a faucet. This process is preferred over powder coating, atomic layer deposition, and electroplating as faucets with PVD finishes offer resistance to scratches, wear and tear, and corrosion, and enhance durability. Several faucet manufacturing companies have been using this process in place of conventional electroplating processes.

North America and Europe are major travel destinations and the growing number of visitors is boosted the hotel and lodging industry in these regions. This, in turn, has fueled expenditure on building new hotels and rooms with advanced technologies and classic as well as unique interior fixtures. As a result, demand for different types of PVD faucet finishes is anticipated to be on the rise over the forecast period.

The global housing market is also expected to contribute significantly to the U.S., China, and Germany market for PVD faucet finishes. Rise in residential construction has led to demand for additional housing faucets, including bathroom and kitchen faucets and related fixtures and this is likely to fuel market growth in the coming years.

Browse full research report on PVD Faucet Finishes Market: www.grandviewresearch.com/industry-analysis/physical-vapor-deposition-pvd-faucet-finishes-market 

                                                                                                                       

Further Key Findings From the Study Suggest:

• In 2016, China was estimated to be the largest market, followed by U.S. In China, the highest demand for faucets stemmed from the hotel industry, in terms of both volume and revenue. The industry constituted a share of 69.75% of the total market in terms of volume
• International multi-chain hotels are penetrating into tier-II and tier-III cities in China to capitalize on the growth potential created by expanding middle class population. This section of the society has been seeking premium hospitality services in the country in recent times  
• In U.S., the physical vapor deposition faucet finishes market was dominated by the residential homes segment, which is expected to increase from 9,302,992 faucets in 2016 to 10,598,304 faucets by 2020
• In Germany, physical vapor deposition faucet finishes are witnessing high demand in the home-use segment. The number of newly constructed homes is gradually increasing due to rising government support and easy availability of finances
• In terms of color variation, chrome faucets was the largest segment in 2016 and is expected to register a CAGR of 7.7% from 2017 - 2020
• Key players include Kohler Co.; Hansgrohe SE; GROHE AG; California Faucets, Inc.; Delta Faucet Company; American Faucets & Coatings Corporation; and Moen, Inc.

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

Grand View Research has segmented physical vapor deposition (PVD) faucet finishes market on the basis of color variation, application, and region.

PVD Faucet Finishes Color Variation Outlook (Volume, Number of Faucets; Revenue, USD Million, 2015 - 2020)

• Chrome
• Nickel
• Rose
• Black
• Gold

PVD Faucet Finishes Application Outlook (Volume, Number of Faucets; Revenue, USD Million, 2015 - 2020)

• Home Use
• Hotel Use

PVD Faucet Finishes Country Outlook (Volume, Number of Faucets; Revenue, USD Million, 2015 - 2020)

• U.S.
• Germany
• China

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/physical-vapor-deposition-pvd-faucet-finishes-market-analysis                                                                            

About Grand View Research:

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

For more information: www.grandviewresearch.com

Boosting Demand Of Nano Metal Oxide Market Due To Growing Demand For Personal Care Products Till 2025

The global nano metal oxides (NMO) market is expected to reach USD 9,48 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to positively influenced by investments in the biomedical, personal care, and electronics sector.

Nano metal oxides are complex chemical compounds which possess the potential to be extensively in the electronics, energy, defense, and paints & coatings sector. NMO’s are manufactured from metal oxides using a different process, the most common one being the sol-gel process.

U.S. nano metal oxide market by product, 2014 - 2025 (USD Million)

NMO’s are utilized in the production of cement, inks, plastics, and rubbers. It is also used as a catalyst and stabilizer for the chemical manufacturing industry. Pharmaceutical and diagnostic companies are continuously investing in research & development operations to introduce advanced solutions for the treatment of various diseases. Nanoparticles play a significant role in drug delivery systems and clinical diagnosis.

Browse full research report on Nano Metal Oxide Market: www.grandviewresearch.com/industry-analysis/nano-metal-oxide-nmo-market                                                                                                                        

Further Key Findings From the Study Suggest:

• The global nano metal oxides demand was USD 4,200 million in 2016 and is projected to grow at a CAGR of 9.5% from 2017 to 2025
• The silicon dioxide segment occupied the largest share in 2016 on account of its extensive use in the manufacture of glass, rubber, coatings, medical, optical, and electronic devices
• The magnetic properties of iron oxide are one the prime reasons it is used as a contrast agent inmagneticresonance imaging (MRI) systems
• Titanium dioxide and zinc oxide are widely used in personal care products and paints & coating
• The zinc oxide segment is projected to grow at the highest CAGR over the forecast period. Nano zinc oxide absorbs and reflects UV rays and therefore is used in sunscreens 
• Nano gold, silver, and platinum oxides are also widely for vitro & vivo diagnostics, nutraceuticals, and in the production of biocompatible materials
• The electronics &optics segmentaccounted for more than 35% of the overall NMO market and is anticipated to witness the highest growth rate over the coming years
• Increasing disposable income and investment in technologically advanced devices is projected to boost demand for NMO’s in the electronics sector
• Favorable government & private investments in the aerospace & defense industry is also expected to contribute to the demand for NMO’s over the coming years
• Key players includeSigma-Aldrich Corporation, US Research Nanomaterials Inc., EPRUI Nanoparticles & Microsphere, Nanophase Technologies Corporation, and Nanoshel LLC

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

Grand View Research has segmented the global nano metal oxides market on the basis of product, application, and region:

Nano Metal Oxides Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Aluminum oxide
• Iron oxide
• Titanium dioxide
• Silicon dioxide
• Zinc oxide
• Others

Nano Metal Oxides Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Electronics & optics
• Medical & personal care
• Paints & coatings
• Energy & environment
• Others

Nano Metal Oxides Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

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

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-nano-metal-oxide-nmo-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