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Aluminum Composite Panel Market Competitive Strategies, and Forecasts
12 March 2019, The Global Aluminum Composite Panel Market size is anticipated to attain a significant size in terms of value by 2025. Increasing number of construction projects and growing global population are likely to stoke the growth of the market. Besides this, rapid urbanization and rising consciousness among people for environment conservation are contributing to the growth of the market.
Increasing use of aluminum composite panels in mass transportation systems in cities is also expected to encourage the development of lightweight and cost efficient products. In addition, ACP can be produced in a wide range of metallic and non-metallic colors as well as in varied patterns that emulate other materials such as wood or marble. Surge in demand stems from various advantages offered by these panels including lightweight, efficiency, easy maintenance, reduced fuel consumption, and subsequently decreased carbon emissions.
While adding visual appeal to application areas, ACPs are extremely lightweight owing to structural design of a low-density core inserted between two relatively thin skin layers. Therefore, they help in reducing load of buildings and construction sites, while ensuring strong and sturdy support to the structure.
Panel rigidity is provided by interaction of its components under flexural load. Low-density polyethylene or a mix of polyethylene & mineral material in the core exhibit properties of fire retardants, which reduce maintenance costs arising from corrosion. They require easy maintenance in almost any kind of climate through a regular wash with water and mild detergent, ensuring long lasting performance. Further, their attractiveness and usefulness increase as they are resistant to acid, alkali salt spray, and pollution at the same time providing good thermals and sound insulation.
Moreover, growing use in public transportation systems, aircraft, and external and internal building architecture is projected to have a positive impact on the growth prospects. Mass rapid transport systems, intercity transportation services, bus facilities, and monorails, among others, are gaining popularity owing to cost effectiveness, safety, and time convenience. In building architecture, the product can be used for false ceilings, partitions or claddings, signage, machine wrappers, and container constructions, among others. For applications pertaining to signage, it is used as an alternative to heavier and high price substrates.
Flexible and easy forming and processing of aluminum composite panels allows innovative designs and are used as a lightweight and sturdy material in transient structures such as trade show booths and other temporary structures. Growing use of these panels as backing material in mounting fine art photography is increasing their prominence as an aesthetical product.
Browse Details of Report @ https://www.hexaresearch.com/research-report/aluminum-composite-panel-market
Nano self-cleaning composite panels, which have better self-cleaning function compared to traditional polyvinylidene fluoride (PVDF) variants, are likely to shape the future of the market. Nano self-cleaning aluminum sheets prevent formation of dust and black marks on surface of sheets even after considerable use, which is stirring up their demand.
ACPs with acrylic finish using processes such as Diasec increase the artistic appeal of the product. Aluminum composite panels conform to internationally-accepted energy conservation building code (ECBC), according to which buildings must conserve energy. Airspace created between the panel and the wall helps in better insulation and energy conservation.
Due to price volatility in the London Metal Exchange, the future exchange for base metals and other metals leads to uncertain prices of aluminum at different points of time and poses a significant challenge for vendors. Lack of standardization of pricing of aluminum composite panels owing to uncertainties in the market prevents the product from penetrating into emerging economies. Further, flammability of core non-aluminum material poses significant problems to its usage. These factors are limiting the aluminum composite panel industry from realizing its utmost potential.
Some of the key types of coating used for aluminum composite panels are polyvinylidene fluoride (PVDF), fluoropolymer resins (FEVE), and polyester paints. These panels are primarily used across industries such as building and construction, aviation packaging and building, automobiles, commercial transportation, oil and gas, and defense. Building and construction is expected to be one of the prominent end users over the forecast period.
China is a significant revenue contributor in the global aluminum composite panel market. Rising number of construction projects and being the biggest recipient of Foreign Direct Investments (FDIs) from around the world, the market in China is anticipated to expand at a noteworthy growth rate during the forecast period. Favorable atmosphere for business and investments in South Asia and India is expected to positively influence the growth of the overall market. Rapid urbanization and rising disposable income are anticipated to boost the demand for aluminum composite panels. Political scenario and current policies in Japan are encouraging private investments, which in turn will fuel growth prospects over the forecast period.
Primary vendors include Alcoa, Alcobond, Alubond, Guangzhou Xinghe, Jyi Shyang Industrial, and Kaidi Industry. Vendors are investing in development of new technologies, R&D facilities, and keeping up with emerging trends to sustain competition in the market. Innovative products and financial expertise are some of the key strategies adopted by vendors to render competitors’ products non-competitive in the pre-launch period itself, even before they can recover commercialization costs.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-materials-industry
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Flooring Market is Expected to Grow Beyond $330 Billion by 2024
18 February 2019, The worldwide Flooring Market is projected to attain above USD 330 billion in revenue by 2024. Flooring with a durable nature will attract huge sales for the market over the forecast period (2016-2024). Demand for insulation will give it a much needed boost. The market is expected to achieve a sales volume of 240 billion square feet, at a nearly 6% CAGR during the forecast period. It was reported to accumulate a demand of 161 billion sq ft in 2015.
Consumers have moved on from traditional flooring solutions to eco-friendly solutions like glass, cork, bamboo, linoleum, rubber, and polyester terephthalate (PET) berber. Changing consumer preferences in accordance of their lifestyle as well as demand for insulation will be the future drivers of the market.
The market is split by products, applications, and regions. Seamless flooring, soft coverings, resilient, and non-resilient floorings are products of the flooring market. Soft coverings comprising of rugs and carpets are also called as textile coverings. This segment had occupied almost half the market, dominating the market with over 35% demand shares in 2015.
Resilient flooring encompasses a mixture of fillers and binders. They are waterproof coverings available in vinyl, wood, rubber, cork, and linoleum. Non-resilient flooring is available in terrazzo stone, ceramic tile, brick, clay tile, and concrete tile. These floorings are low maintenance in nature and require only mopping and dusting.
Browse Details of Report @ https://www.hexaresearch.com/research-report/flooring-industry
Applications of the market involve commercial, industrial, and residential. Residential accounted for 50% market demand. This made it the largest application of the flooring market in 2015. This major share can be attributed to renovation and construction projects. Industrial applications encompass aviation hangars, automotive industry, refineries, and manufacturing plants. Education, sports, retail, healthcare, hospitality & leisure, and corporations constitute as commercial market applications.
Regions covered under the market are Europe, North America, Asia Pacific, and RoW (Rest of the World). Asia Pacific will lead the flooring market over the next six years owing to residential and non-residential construction projects. It accumulated over 45% market demand in 2015. Europe will enjoy a stable demand on account of providing innovative flooring solutions.
Reputed participants involved in the flooring market include Shaw Floors, Mannington Mills Inc., Gerflor, Armstrong, and Mohawk. The market is highly competitive in nature and driven by technological innovation.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/green-building-materials-industry
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Synthetic Diamond Market Forecast by Process, Type, and Application
13 December 2018, The global Synthetic Diamonds Market is estimated to be worth USD 28.26 billion by 2024 as a result of its increasing demand for cutting, polishing, and drilling. Increasing utilization of these functions for development of infrastructure coupled with the growing spending on the sector is likely to propel market growth over the projected period.
Expansion of the electronics and healthcare production base in countries including India and China is expected to provide new opportunities for the development of the market. Presence of manufacturing bases of companies including Samsung, Apple, Sony, Abbott, and GSK in Asia Pacific is expected to drive the demand for synthetic diamonds in various industrial applications.
North America synthetic diamond market was valued at USD 3.89 billion in 2016 and is expected to witness above-average growth in light of rebound of the manufacturing sector. However, the presence of a stringent regulatory framework for the mining sector is likely to deter growth. Nonetheless, usage of synthetic diamonds in the existing mining processes is expected to support the market.
Asia Pacific is likely to witness the fastest growth at a 9.1% CAGR over the projected period owing to the tremendous untapped potential of the manufacturing sector in the region. Increasing use of synthetic diamonds in various manufacturing processes owing to their relatively low cost and ease of availability.
Polished synthetic diamond market is anticipated to grow at a CAGR of 8.3% over the projected period on account of their relatively low demand in industrial application. However, the increasing use of these stone in jewelry coupled with the rising consumer awareness regarding fashionable accessories is expected to open new avenues for the growth of the market.
Electronics was the largest application segment and is expected to witness growth at a CAGR of 8.7% over the projected period. Increasing demand for consumer electronics including washing machines, refrigerators, HVAC, smartphone, and tablets is expected to drive the market for synthetic stones subsequently.
Browse Details of Report @ https://www.hexaresearch.com/research-report/synthetic-diamond-market
Centaurus Technologies Inc., Applied Diamond Inc., Element Six, New Diamond Technology, and ILJIN are some of the prominent players in the market. These companies are focusing on R&D to develop stones with a higher carat. For instance, using the HPHT process, New Diamond Technology (NDT) unveiled a 10.07 carat blue stone in September 2016.
Hexa Research has segmented the global synthetic diamonds market based on operating process, type, application and region:
Segmentation by process, 2014 - 2024 (USD Million)
• HPHT (High Pressure High Treatment)
• CVD (Chemical Vapor Deposition)
Segmentation by type, 2014 - 2024 (USD Million)
• Rough
• Polished
Segmentation by application, 2014 - 2024 (USD Million)
• Construction & Mining
• Electronics
• Jewelry
• Healthcare
• Others
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• U.S.
• Europe
• Russia
• Asia Pacific
• India
• China
• Rest of the World (RoW)
Key players analyzed
• Applied Diamond Inc
• Centaurus Technologies Inc.
• Crystallume
• Element Six
• ILJIN
• New Diamond Technology
• Pure Grown Diamonds LLC
• Scio Diamond Technology
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-materials-industry
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Adhesive Films Market Analysis, Competitive Strategies and Forecast, 2016 to 2024
05 December 2018, Adhesive films are materials coated with adhesives. They have the ability to join two surfaces. These are majorly used in automotive electronics, consumer electronics, handheld computing, construction, and aerospace electronics. The global adhesive films market is set to attain nearly USD 17 billion by 2024, at a CAGR over 6% during the forecast period (2016 - 2024).
The Adhesive Films Market had a demand of 3.1 million tons in 2015. Need for compact electronic devices and lightweight vehicles are primarily driving it. Boosting demand for consumer electronics in Asia Pacific and food & beverage packaging is said to drive the market. Additionally, expansion across automobile manufacturing coupled with demand for fuel-efficient vehicles also propels market revenues.
However, the market faces challenges in the form of product customization and high manufacturing costs. But, the production of bioadhesive films can provide it new growth avenues.
The Adhesive films market is split according to products, technologies, applications, end-users, and regions. Products are acrylic, polyurethane (PU), polyvinyl acetate (PVAc), polyvinyl butyral (PVB), epoxy, and others. ‘Others’ includes EVA (ethylene-vinyl acetate), SBC (styrenic block copolymers), polypropylene, polyesters, and silicone.
Acrylic films were the leading segment in 2014, with over 25% shares (with respect to demand) in 2014. They are projected to display significant growth over the forecast period. PVAc followed them, with 20% shares the same year. PVB films are prominently used in the automobile industry. They are used to bind vehicles with glass sheets.
Technologies in the adhesive films market comprise hot melt, light cured, pressure-sensitive, self cured, and chemical cured. Pressure-sensitive led in 2014. Its demand is anticipated to reach 4 kilotons (KT) by 2024. Hot melt films should generate nearly 146 KT of volumes by 2024.
Browse Details of Report @ https://www.hexaresearch.com/research-report/adhesive-films-market
Applications encompass graphics, labels, tapes, tinting, glazing, protective films, and specialty films. Tapes reigned over the market (in terms of demand) in 2015. This was credited to massive usage of one-sided & double-sided tapes in electronics and automotive sectors. They would earn around USD 72 billion by 2024. Labels can experience a CAGR above 6% in the next eight years.
Automotives, consumer electronics, construction, packaging, aerospace, medical, footwear, and furniture constitute the end-users. Packaging would be the leading segment over the forecast period. It is used for product sealing & labeling. Consumer electronics may contribute to the global demand for adhesive films by creating components for lid sealing and other applications in packaging.
North America, Asia Pacific, Europe, and RoW (Rest of the World) are the regions within adhesive films market. Asia Pacific dominated in 2014 due to high demand from its end-user industries. Europe should witness modest growth during 2016 to 2024. Similarly, North America is likely to grow at a CAGR over 6% in the near future.
Some of the key players operating within the global market are BASF SE, 3M Company, Henkel Adhesive Technologies, and Avery Dennison Corporation. Mergers and alliances are their common strategy to stay competitive. For instance, BASF partnered with Avantium Technologies in 2016 to produce furandicarboxylic acid (FDCA). FDCA can be used as a base for producing adhesives in lubricants and personal care products.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-materials-industry
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Ammunition Market to grow at a CAGR of above 2% from 2016 to 2024
30 November 2018, Global Ammunition Market was worth USD 11.8 billion in 2015. It is anticipated to grow at a CAGR exceeding 2% from 2016 to 2024 (forecast period). Soaring military expenditures by various governments is the chief growth driver.
Countries such as China, India, Israel and the U.S. are implementing stockpiling and modernization programs. Mexico and Brazil are arming their police personnel with the latest weaponry. Upgrading military weapons requires higher allocation of funds for ammunition. This is expected to have a positive effect on market growth. Technological advancements such as smart weapons in developed regions could also propel the ammunition industry.
High expenditure on research & development of non-lethal ammunition such as beanbag rounds, wax bullets, rubber bullets, plastic bullets, etc. for use by the police force should fuel market demand. Surging demand for ammunitions will create new market segments in the coming years, owing to robust demand from personal security and riot control units. Popularity of hunting as a sport & leisure activity will drive the global market.
However, demand in developed nations is declining owing to insufficient defense budgets. The U.S. along with many European nations have taken steps to de-militarize themselves, in the aftermath of prolonged wars in Afghanistan and Iraq. This along with the global economic turmoil could inhibit market growth throughout the forecast period.
Browse Details of Report @ https://www.hexaresearch.com/research-report/ammunition-market
The global ammunition market can be segmented on the basis of products, applications, and regions. As per products, the ammunition market is divided into bullets, mortar, rocket and others. The segment for bullets reigned in 2015, holding over 54% of the total market share. This segment mainly includes small caliber bullets that are used in civil applications. Revolvers, pistols, rifles, and shotguns are the most common types of arms used for civil purposes. Emerging economies exhibit high demand for personal security from private end-users. Rockets and mortars are consumed by the defense and military.
Applications are either civil or defense. Civil applications include self-defense, law enforcement, and sports & hunting. They accounted for about 75% of the market revenue in 2015. Civil uses are deemed to grow at the fastest pace. This may be attributed to the escalating demand for small caliber products for sporting, hunting, and self-defense.
Main geographical segments include North America, Asia Pacific, Europe, Latin America and MEA (the Middle East & Africa). Asia Pacific was the largest regional market in 2015. It is likely to grow at a CAGR of 4.6% throughout the forecast period. Terrorist hot-spots such as India call for initiatives to strengthen the defense system. This will fuel the demand for ammunitions.
North America, particularly the U.S., should grow rapidly till 2024. This is primarily due to burgeoning demand in self-defense and shooting game applications. The U.S. is a large production hub and also a huge consumer of arms and ammunition. It accounts for 36% of the total global spending on weapons and ammunition. Civil unrest and conflicts in Libya and Syria are said to favor growth of the African market in the forthcoming period.
The worldwide ammunition market is greatly fragmented. A large number of participants are present in Europe and North America. Some of the prominent ones are Ruag Ammotech, Magtech Ammunition Co., BAE systems, Olin Corporation and Remington Arms Company Inc. The market is characterized by widespread mergers and acquisitions with an aim to stay competitive and ensure profitability. Consolidation also solidifies the market position of vendors.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-interior-materials
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Cyanate Ester Resin Market Trend Analysis, 2015 - 2025
14 November 2018, The global Cyanate Ester Resin Market is anticipated to reach a value of USD 535.28 million by 2025. Unique properties of the product such as low moisture uptake and high thermal efficiency to boost the scope of application in electronics, aerospace, industrial, automotive, and other industries. This factor is projected to propel market growth over the forecast period.
Epoxy resins, a traditional material long used in various applications, such as adhesives, coatings and composite materials, is expected to be replaced with a new type of thermosetting resin, cyanate ester resins. The main reasons for this shift include low mechanical strength exhibited by epoxies and failure of epoxy resins above certain degree of high temperature. Hence, new resin system based on range of cyanate ester are being developed that are superior to epoxies and can withstand a temperature up to 200°C.
Cyanate ester resins are getting popular in aerospace applications owing to their very low dielectric constant and low moisture uptake. Lower moisture uptake means it is subjected to lesser shrinkage during the curing process. This makes the resin suitable for use in aircraft structures, especially in primary and secondary structures of military aircrafts, such as in composite parts of Dassault Rafale fighter jet. Bisphenol derivatives of cyanate ester accounted for the largest market revenue share in the past and are expected to maintain the dominance over the forecast period.
Aerospace is anticipated to continue being the largest consumer and fastest-growing application in near future. For instance, the International Thermonuclear Experimental Reactor (ITER) thermonuclear synthesis reactor uses cyanate ester casing. The structure that holds NASA’s James Webb Space Telescope instrument is designed by a unique cyanate ester. Furthermore, cyanate ester composites have also been used in the science decks on the Mars Phoenix lander. Electronics is another lucrative industry for cyanate ester resins owing to growing demand of Printed Circuit Boards (PCBs). Furthermore, adhesives of cyanate ester are also gaining traction in the electronic applications.
They are also used in high speed motorbikes in muffler systems and racing cars, such as Formula One. The market for cyanates ester resins is in its nascent stage. While its applications are increasing in aerospace, automotive, and electronics sectors, the high end-use cost associated with the product is expected to restraint market growth. The market is prevalent in North America, Europe, and Asia Pacific owing to the presence of key domestic companies. Furthermore, growing aerospace industry in these regions is expected to uplift the demand in the forthcoming years.
In terms of key country market, U.S. accounted for a major market revenue share in the past. U.S. is one of the largest consumers of prepregs and resins, such as for military jets, civil aircrafts, helicopters, aero-engines, launchers, and space satellites. Presence of major companies and consumers, such as Boeing, Lockheed Martin, and United Technologies, in the country are driving the market. China is one of the fastest-growing country markets owing to huge domestic market of thermosetting resins.
Companies engaged in aerospace, automotive, and marine fields are the major consumers of cyanate ester resins. For instance, Hexcel’s commercial aerospace segment sales for the year 2017 accounted for nearly 64% of their total sales. Key companies in the global cyanate ester resin market are Lonza Group; TenCate; Cytec Industries, Inc.; Mitsubishi Gas Chemical Company, Inc.; Huntsman Corp.; Hexcel Corp.; and Novoset LLC.
Browse Details of Report @ https://www.hexaresearch.com/research-report/cyanate-ester-resin-market
Hexa Research has segmented the global cyanate ester resin market report based on derivatives, application and region:-
Segmentation by Derivatives
• Bisphenol-based
• Novolac-based
Segmentation by Application
• Aerospace
• Automotive
• Electronics
• Industrial
• Others
Segmentation by Region
• North America
• U.S.
• Canada
• Europe
• Germany
• Asia Pacific
• China
• India
• Central & South America
• Middle East & Africa
Key players analyzed:
• TenCate
• Cytec Industries Incorporated (Solvay S.A.)
• Mitsubishi Gas Chemical, Inc.
• Lonza
• Huntsman
• Carbon, Inc.
• Future Carbon GmbH.
• Hexcel
• Novoset, LLC
• Yangzhou Chemicals
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-materials-industry
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U.S. Wood Plastic Composite Market Analysis and Forecast
08 November 2018, The U.S. Wood Plastic Composite Market size is anticipated to reach USD 4.54 billion by 2025 owing to increasing demand from construction sector. Rising awareness regarding properties of wood plastic composites (WPCs) such as better thermal stability, recyclability, and stiffness is expected to propel market growth over the forecast period. Furthermore, rising application scope in landscaping and street constructions due to noise barrier characteristics coupled with booming construction and automotive industries are expected to fuel regional market expansion. Rising application of WPC for manufacturing various consumer goods such as pencils, toys, lipsticks, cups, and high-class packaging is projected to propel demand in near future.
In terms of revenue, polyethylene held larger market share owing to extensive applications in high performance operations such as construction and packaging. Moreover, eco-friendliness of this composite is expected to complement market. Polyvinylchloride is expected to be the fastest growing segment over the forecast period as it is widely used across automotive, furniture, and construction industries. Commercial WPCs used in manufacturing high-end furniture, automotive units for luxurious cars, and other wooden infrastructure, make heavy use of polyvinylchloride as a raw material.
Automotive is expected to be the fastest growing application segment in the wood plastic composite market over the forecast period. WPCs are increasingly being used in manufacturing car interiors, door panels, and seat cushions owing to their high machinability. This factor is projected to provide growth opportunity in the forthcoming years. WPC is used in high- and mid-range passenger vehicle manufacturing. Rising demand for lightweight automotive to boost fuel efficiency and to reduce carbon emissions is expected to propel market growth.
Improving economy in U.S. is expected to drive demand for commercial and residential construction and renovation activities. Rising high income population resulting in higher spending power is expected to propel demand for high-end vehicles. Decking application is expected to witness expansion at a significant CAGR owing to dimensional stability, low maintenance cost, and extended life span of wood plastic composite. Increasing consumer demand for products with high aesthetic appeal and longevity is expected to propel the market over the forecast period. Wood plastic composite also prevents growth of mold and premature aging of deck, thus increasing adoption in manufactuing decks.
The U.S. wood plastic composite market is moderately consolidated, with presence of numerous manufacturers. Companies are adopting backward integration strategy to compete in growing marketplace. Backward integration provides competitiveness over price and quality. Furthermore, companies are investing in research and development activities to innovate products with more strength and durability. Prominent companies include Advanced Environmental Recycling Technologies, Inc.; Axion International, Inc.; CertainTeed Corporation; and Fiberon, LLC. Few large companies such as Cairn International and Entec have raw material extraction and purification units for manufacturing Polyethylene (PE), Polypropylene (PP), and Polyvinylchloride (PVC) among other products.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-wood-plastic-composite-market
Hexa Research has segmented the U.S. wood plastic composite market report based on product, application and end use
Segmentation by Product
• Polyethylene
• Polyvinylchloride
• Polypropylene
• Others
Segmentation by Application
• Building & Construction
• Automotive
• Industrial & Consumer Goods
• Others
Segmentation by End Use
• Decking
• Molding & Siding
• Fencing
Key players analyzed:
• Advanced Environmental Recycling Technologies, Inc. (AERT)
• Axion Structural Innovations LLC
• CetainTeed Corporation
• Fiberon
• Fkur Kunststoff GmbH
• Renolit
• TAMKO Building Products, Inc.
• TimberTech
• Trex Company, Inc.
• Universal Forest Product
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/advanced-materials-industry
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U.S. Fire Retardant Treated Wood Market to Exceed $115 Million by 2024
02 November 2018, The U.S. Fire Retardant Treated Wood Market is estimated to exceed USD 115 million by 2024. A rising number of incidences of wildfire break out is expected to result in increased demand for fire retardant wood.
The U.S. fire retardant treated wood market has changed drastically over the period owing to the increase in arson accidents lately. For instance, there was a warehouse fire which killed approximately 33 people and left other injured in California, in December 2016. Such incidences have resulted in personal safety concerns and are expected to result in a surge of the fire retardant treated wood industry.
The government has mandated stringent regulations mandating the use of fire retardant materials in institutional and public places or event venues owing to the recent elevation in temperatures and fire incidences. The flameproof wood is gaining popularity among builders as the safety of residents is preferred the most, hence increase in demand from construction sector will help boost the fire retardant treated wood market.
Demand for fire retardant in institutional structures accounted for 25.2% of the total revenues in 2016. The segment is expected to witness sluggish growth on account of the saturation of the market in this space. Nonetheless, the mandated use of flame retardants in museums, schools, and universities by authorized regulatory bodies is expected to drive the market.
Other areas of applications such as personalized gifts and defense sector are expected to boost the market for fire retardant treated wood. For instance, the U.S. Navy uses flame retardant treated wood to construct blimp hangars for controlling the fire on ships.
The increase in the construction and sale of new houses is expected to augment the growth of the market. Moreover, consumer preference for wood over other construction materials is expected to provide an impetus to the market growth over the next few years.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-fire-retardant-treated-wood-market
Chemco, Westminster Industries Ltd., Quality Support, LLC, Conrad Forest Products, Viance, and Lonza are some of the key players operating in the industry. Viance is integrated in its operations from raw material supply to manufacturing fire retardant treated wood products. Low switching cost owing to low product differentiation has resulted in high rivalry among competitors.
Hexa Research has segmented the U.S. fire retardant treated wood market based on type and application:
Segmentation By Type, 2014 - 2024 (USD Million)
• Interior
• Exterior
Segmentation By Application, 2014 - 2024 (USD Million)
• Residential
• Commercial
• Institutional
• Others
Key Players Analyzed
• Chemco
• Quality Support, LLC
• Westminster Industries Ltd.
• Flameproof Companies
• Conrad Forest Products
• Lonza
• Western Wood Preserving Co.
• RAM Forest Products
• Hoover Treated Wood
• Great Northern Lumber
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/green-building-materials-industry
#U.S. fire retardant treated wood market#fire retardant treated wood market#fire retardant treated wood#wood#wood market
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Tactile Paving Market Analysis and Forecasts, 2015 to 2025
1 November 2018, The global Tactile Paving Market is expected to witness a considerable growth over the forecast period. This growth can be attributed to the increasing usage of tactile paving across pedestrian crossing points, railway platform edges, steps, level crossings, and footpaths. Favorable industry regulations across several regions and increasing adoption of state-of-the-art urban design concepts for pedestrian pathways are anticipated to propel the market growth over the next few years. Paving is a method of outdoor flooring that uses raised surface and textured tiles.
Such raised surface guide visually impaired, partially sighted, and elderly individuals of their environments and the paths that they are following. The most commonly used forms of solid paving are truncated domes, detectable warnings, perceptible ground surface indicators, detectable warning surfaces. The blister surface on the pavement is to provide a warning to visually impaired people who would otherwise find it difficult to differentiate between where the footway ends and the carriageway begins. Corduroy pavers warn visually impaired persons of particular hazards such as steps, railway crossings, and footway joins.
Increasing government spending across the globe to offer safer exterior environments with minimal noise and dust pollution has also augmented the demand for such pavements. Moreover, ease of installation on any standard outdoor surface with marginal impact on the environment is expected to boost the demand for these pavements in the coming years. Authorities such as the Department of the Environment, Transport and the Regions (DETR) in U.K. have issued guidelines on the use of such paving surfaces so that it meets it purpose.
Pathways on all existing roads, rail stations, footpaths, and offices are being upgraded as per these guidelines to encourage safety of pedestrians and others in their surroundings. On the other hand, factors such as ignorance and improper guidance from transport departments and local authorities in regards to exterior landscapes are restraining the growth of tactile paving market. Moreover, inconsistent layout and errors in the deployment of such pavements are making them ineffective, thereby hindering its adoption.
Awareness regarding such tactile pavement is minimal in emerging countries, thus many visually impaired or partially sighted or other users do not understand the profiles completely, which leads to the need for convincing the local authorities of the effectiveness of the method. Furthermore, the scope is limited to developed countries due to large-scale unplanned exterior environments in developing countries and limited space availability and crowded spaces in densely populated areas.
However, widespread adoption of urban street design principles that highlight the need of tactile pavements for safer environments for visually impaired and elderly individuals have positively impacted the market growth. Rapid infrastructural developments in the urban areas across the globe have also led to rising demand for these paving techniques, thereby driving the market growth. Increasing investments in technology developments, such as integration of RFID tags in pavements enabling GPS guidance for the visually impaired, would also drive the market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/tactile-paving-market
The development of advanced pavements manufactured from specialty materials with pollution controlling surfaces and increased focus on the environmental sustainability is also likely to contribute toward the market growth in the years to come. Platform edge warnings at street levels and rail platforms are used to indicate approaching edges on streets, cycle tracks, and footways to advise users of the correct side to enter and segregate the tracks. Directional or guidance tactile is used to guide along a route for avoiding obstacles while walking on the tactile surface or maintaining contact with the cane.
Concrete and natural stones are the two primary raw materials used to produce tactile paving floorings. Usually, pre-cast concrete and natural stones are chiseled into the necessary texture and form to obtain pavements. Metallic studs embedded on the surface into paving after the installation is a recent development enabling any stone surface to be textured to a blistering profile. Asia Pacific tactile paving market is expected to witness a surge in demand owing to increasing construction and infrastructural activities in countries such as China, Japan, and India.
U.K. is amongst the leading manufacturers and consumers of tactile pavers due to the strict guidelines regarding its application. The market in the North America region is expected to grow steadily on account of rising number of renovation activities and rapid infrastructural development. Companies are using eco-friendly raw materials and recycling methods in production so as to reduce the environmental impact throughout the product life cycle. Partnerships with architects, consultants, and contractors ensure improved product offering, quality, and performance.
Companies are working on raising the awareness about such paving guides, developing standard codes about various tactile surfaces worldwide for ease of understanding. Training the visually impaired in recognition of such pathways and navigation methods will be a prominent application for leading companies to increase their market penetration. Manufacturers are increasingly focusing on new product design and development to offer high-quality products. Some of the key industry participants include ADA Solution, Inc.; Fujian Yangzi Stone Material; Marshalls; Viztek Ltd.; G-Tech; and Visul Systems Ltd.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/green-building-materials-industry
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Industrial Castings Market Forecasts, 2015 to 2025
30 October 2018, The global Industrial Castings Market size is anticipated to expand at a healthy CAGR over the forecast period. It is prominently due to an increase in manufacturing activity coupled with high demand from automobile industry. Metals such as magnesium, aluminum, copper-based alloys, zinc, steel, and iron are widely used for industrial castings.
These products are used in engine blocks, crankshafts, turbochargers, and other automotive parts. Apart from automobile industry, it is used in telecommunication mobile phone casing, aerospace, oil and gas, and chemical industries. This factor is anticipated to positively influence market growth in the forthcoming years. Excellent bearing properties and suitability for mass production are expected to drive demand in future. However, key disadvantages such as shrinkage, development of cracks, and metal projections may restrain growth to an extent.
Metal castings are used to produce over 90% goods and equipment worldwide. Increasing demand for light metal cast parts in automobile industry is expected to drive the industrial castings market. Also, demand for magnesium dye castings is on the rise. Rising focus of Original Equipment Manufacturers (OEM) and suppliers is encouraging the use of magnesium parts in vehicle. This factor is anticipated to boost demand in the forthcoming years.
Increasing demand for simulation-based castings is expected to be another major market driver. A large number of industries require these components with exact dimensions to manufacture parts with varied dimensions and complex shapes. Simulation-based material helps reduce wastage and operational costs as it can produce close tolerance materials. It facilitates manufacturing precise parts to meet end user specifications. Other factors such as increased oil and gas production leading to high demand for heavy industrial machinery will possibly boost market growth. Also, assembly line upgrades in automotive plants can positively impact demand during the forecast period.
Emergence of lightweight materials made out of plastic is expected to restrain growth. Plastics are widely used in manufacturing interior parts in various automobiles. Further, environmental regulations such as the U.S. Environmental Protection Agency (EPA) norms related to greenhouse gas (GHG) emissions in power plants are expected to restrain demand.
Industrial castings are segmented into ferrous and nonferrous. Ferrous variants are made of ductile iron, steel, malleable iron, and gray iron. Ferrous metal is expected to be witness significant growth in the years to come due to its broad application in heavy machinery, aircraft, and valve industry. Non-ferrous variants, on the other hand, are made using aluminum, copper, and magnesium. Demand for aluminum and magnesium castings is expected to rise as they provide better structural strength and are lighter in weight than the traditional components.
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Asia Pacific is anticipated to be the fastest growing market owing to rise in outsourced manufacturing activities in China and India. Continuous development in manufacturing activities in countries such as Korea, Taiwan, Indonesia, and Singapore make Asia Pacific a dominant region. Middle-East is considered to be an emerging market due to technological innovations in heavy equipment manufacturing industry. Such heavy equipment is widely used in construction and earthmoving vehicles. Spares for these equipment are manufactured using casting process.
North America is estimated to be a major market for the non-ferrous variants owing to stern environment protection norms in the region. EPA has laid down standards for fuel efficiency and automotive pollution. Restrictions on pollution have led to the need for increased fuel efficiency and lightweight vehicles. This move is anticipated to continue fueling the regional marker expansion. U.S. is expected to witness impressive growth over the forecast period due to increasing demand from aerospace and electronics sectors. Ferrous castings are anticipated to lose market to their nonferrous counterparts due to wide acceptance from automotive industry.
Major companies operating in the market include Alcoa ,Inc.; Aviocast, Inc.; Doncasters PLC; Esco Corporation; GIW industries; Intercast and Forge Pty Ltd.; Kubota Corp; Pace Industries; Ryobi Ltd.; Precision Castparts Corp; Meridian Lightweight Technologies, Inc.; Doosan Heavy Industries and Construction Co. Ltd.; Great Lakes Castings LLC; Bradken Ltd.; Kubota Corp; Georg Fischer Ltd; Avalon Precision Metalsmiths; and ThyssenKrupp AG.
The market is characterized by mergers and acquisitions, with the bigger players acquiring the smaller ones to gain larger market share and sustain competition Some of the mergers and acquisitions in the industry include Avalon Precision casting taking over Metalsmiths, Shiloh industries taking over Contech Castings, and KPS Capital Partners taking over ThyssenKrupp Waupaca.
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Packaging Additive Market Size to Hit USD 1.01 Billion by 2024
23 October 2018, The global Packaging Additive Market is anticipated to reach USD 1.01 billion by 2024. The increasing demand for the use of additives such as antimicrobial agents, antifog agents, and oxygen scavengers as a result of protecting the packed product such as food, beverages, and pharmaceutical from the external environment is expected to boost the market over the forecast period.
In 2016, Asia Pacific contributed to 28.1% of the overall market in terms of revenue. The market is expected to grow substantially on account of the increasing demand for packed foods and beverages. Moreover, the growth of the pharmaceutical manufacturing sector in the region is expected to augment the growth of the market.
The demand for packaging additives is expected to witness a significant growth on account of the technological development and lower-cost solutions. Moreover, major manufacturing companies are investing heavily in R&D to introduce innovative products and expanding their presence in the global market by increasing their production capacity to meet the required demand.
UV stabilizers were valued at USD 97.8 million in 2016 and are expected to grow on account of its utilization for protecting the packaged material from the external environment such as infrared radiation and ultraviolet radiation from sunlight. Increasing demand for barrier protection solutions is expected to drive growth.
Food packaging dominated the global market in 2016 and projected to grow at a CAGR of 4.4% over the projected period. Additives play a major role in protecting the packed item. In addition, they help in reducing the formation of moisture on the surface which allows a consumer to view the product clearly. Aesthetics play a major role in driving the growth of the market in the application sector.
The pharmaceutical & healthcare segment is anticipated to be the fastest growing application over the forecast period. These additives provide the necessary chemical and physical stability to the packaged product by protecting it from the external environment such as light, oxygen, microorganism and moisture. The increasing demand for these additives due to regulatory pressures and enhanced patient care anticipated to boost the market over the forecast period. The segment is estimated to be worth USD 212.6 million by 2024.
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The key players in the global market are Clariant, Adeka Corporation, Amcor, Songwon Industrial Co. Ltd, ALTANA AG, Addivant, Cytec Solvay Group, BASF SE, E.I. Du Pont De Nemours & Company and AkzoNobel.
Hexa Research has segmented the global packaging additive market based on type, product, application and region:
Segmentation by type, 2014 - 2024 (Tons) (USD Million)
• Antimicrobial agents
• Antifog agents
• Antistatic agents
• Clarifying agent
• Oxygen Scavengers
• UV stabilizers
• Others
Segmentation by product, 2014 - 2024 (Tons) (USD Million)
• Rigid
• Flexible
• Others
Segmentation by application, 2014 - 2024 (Tons) (USD Million)
• Food
• Beverages
• Pharmaceutical & Healthcare
• Cosmetics & Personal care
Segmentation by region, 2014 - 2024 (Tons) (USD Million)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Middle East & Africa
Key players analyzed
• Clariant
• Adeka Corporation
• Amcor
• Songwon Industrial Co. Ltd
• ALTANA AG
• Addivant
• Cytec Solvay Group
• BASF SE
• E.I. Du Pont De Nemours and Company
• AkzoNobel
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Graphite Electrode Market Size Worth USD 5.68 Billion By 2024
10 October 2018, The global Graphite Electrode Market is expected to reach USD 5.68 billion by 2024 and is expected to grow on account of its increasing use for production of steel. Asia Pacific emerged as the fastest growing market and is projected to continue dominating as a result of the presence of robust steel manufacturers. The usage of graphite electrode has increased due to rigorous competition in the steel industry.
Rapid steel production and increasing spending on infrastructure in developing economies across the globe are expected to boost the demand for high-grade steel that is manufactured using electric arc furnaces (EAF). Adoption of advanced technology for steel production with the purpose of saving time and energy is expected to augment the demand for graphite electrodes.
The demand for electric arc furnace is expected to grow significantly as it offers several advantages such as production flexibility and low CO2 emission. It also saves raw material and energy due to its efficiency. The segment is likely to grow at a 4.1% CAGR over the projected period.
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Graphite electrodes offer excellent thermal resistance and high current carrying capacity which makes them a suitable choice in electric arc furnaces (EAF) steel, refinement of steel and similar smelting processes. Besides EAF and LF, graphite electrodes are also used for electrolytic aluminum smelting and electrical discharge machining (EDM). The development of these non-steel applications is also anticipated to provide an opportunity for market growth over the forecast period.
Ultra-high power graphite electrode is expected to grow at the highest volume CAGR of 4.1% over the forecast period. Despite the high price of the product, the demand for these products is anticipated to be high in line with the rising demand for superior steel quality in various niche applications within the aerospace, automotive and electronics sectors.
A specially prepared flux pitch used in graphite electrodes helps to increase the durability and density of the final product. Ultra-high bending resistance, low electrical resistivity, and high-temperature resistance properties will increase the demand for UHP graphite electrode over the forecast period. In compliance with the driving factors, companies are focusing on mergers & acquisitions and capacity upgrades to expand their presence in global market. For instance, in January 2014, Kaifeng Carbon Co., Ltd.’s completed its Phase II expansion and can produce 50,000 tons of UHP graphite electrodes.
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Gold Nanoparticles Market Worth $4.99 Billion By 2020
28 September 2018, Global Gold Nanoparticles Market size is expected to reach 4.99 billion by 2020, witnessing gains at a CAGR of 24.7%. Positive outlook towards the increasing applications of nanotechnology in medical and dentistry such as drug delivery systems, nanomedicines, therapeutics is expected to drive industry demand. Global nanoparticle demand in biotechnology, drug development and drug delivery is expected to exceed USD 90 billion by 2020, growing at CAGR of 17.1% from 2014 to 2020.
With constant innovation and increasing demand for smaller, versatile and smarter devices the global electronics industry is expected to be one of the fastest growing gold nanoparticle markets. There has been a surge in demand for this technology, especially gold nanoparticle inks for storage devices, hard disks and microchips among others. These inks have also found applications in thin film transistors and photovoltaic, photo-sensors & detectors.
Stringent regulations for nanomaterials specifications and use, along with fluctuating gold prices are expected to be key challenges for industry participants over the next six years.
Browse Details of Report @ https://www.hexaresearch.com/research-report/gold-nanoparticles-industry/
Key report insights suggest:
- Global gold nanoparticles market volume is expected to reach 12.7 tons by 2020, growing at a CAGR of 23.3% from 2014 to 2020.
- Medical applications are expected to continue dominating the industry, with demand estimated to reach USD 2.6 billion by 2020, growing at a CAGR of 25.2% over the forecast period.
- Electronic applications accounted for over 21% of global volume in 2013, with demand expected to exceed 3 tons by 2020, growing at over 25%.
- North America gold nanoparticles industry revenue is estimated to reach USD 4 billion by 2020, growing at a CAGR of 22%. Demand in Europe was estimated at USD 242.1 million in 2013.
- Asia Pacific is expected to be the fastest growing regional market, with revenue estimated to exceed 1.7 billion by 2020, growing at over 28%.
- BBI Solutions, NanoSphere, Nanostellar, Sigma Aldrich Corporation, Johnson Matthey, Metalor Technologies SA and Cytodiagnostics are some of the notable participants in this industry.
HexaResearch has segmented the gold nanoparticles market on the basis of application and region for this report:
Global Gold Nanoparticles Market, By Application (Volume, Tons, Revenue, USD Million, 2012 - 2020)
- Medical & dentistry
- Electronics
- Catalysis
- Others (Glass, Cosmetics & Photometry)
Global Gold Nanoparticles Market, By Region (Volume, Tons, Revenue, USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
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U.S. Bathroom Partition Market Size to Grasp $608.63 Million by 2024
10 September 2018, The U.S. Bathroom Partition Market is estimated to be worth USD 608.63 million by 2024, driven by the increasing renovation activities in commercial spaces. In addition, the U.S market for bathroom partition is anticipated to gain momentum on account of development for reducing CO2 emissions and energy consumption.
States with rising urbanization and growing number of office buildings, commercial buildings, government buildings, warehouses, educational institutes, healthcare facilities, amusement, airport terminals, manufacturing buildings, restaurant & cafe, and shopping malls are expected to create a huge potential for the growth of the U.S bathroom partition market.
The growing number of restroom installations in public spaces coupled with the increasing commercial building stock is expected to augment market growth over the projected period.
The metal segment will continue to dominate the U.S bathroom partition market over the next few years owing to its virtuous aesthetics. However, non-metal which accounted for 39.1% of the market share in 2016 is expected to grow at the highest CAGR over the forecast period owing to its ease of construction and design.
Due to the U.S. Green Building Council (USGBC), materials should mandatorily meet Leadership in Energy, and Environmental Design (LEED) ratings, yet, not all partitions meet sustainability goals. Approximately, 50% of recycled steel is used in some powdered coated steel partitions which contain 36% post-commercial steel and 14% post-industrial steel, whereas, some stainless-steel bathroom partition in U.S typically uses 75% of recycled stainless steel.
Toilet partition commands the major market share and is expected to continue to do so over the forecast period as well. The urinal screen also commanded considerable market within the bathroom partition market. Urinal screens are visual barriers that are used to maintain privacy and are not required to enclose the urinal space.
Companies such as Hadrian Inc., Bradley Corporation, Knickerbocker Partition Corp., and Scranton Product are focusing on creating leading brands of advanced building products targeted at commercial buildings, government buildings, warehouses, and educational institutes. Leading companies are marketing their products through distributors and subcontractors such as J. Sallese and Sons, Inc., Thomas Publishing Company, Sustainable Supply Company, LLC, All Partitions, and Parts.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-bathroom-partition-market
Hexa Research has segmented the U.S. bathroom partition market based on material and type:
Segmentation by Material, 2014 - 2024 (USD Million)
• Metals
• Non-metals (Plastics)
Segmentation by Type, 2014 - 2024 (USD Million)
• Toilet Partitions
• Shower Partitions
• Urinal Screens
Key Players Analyzed
• Accurate Partitions Corp.
• Scranton Products
• General Partitions Mfg. Corp.
• Bobrick Washroom Equipment, Inc.
• Ironwood-Manufacturing
• Partition Systems International of South Carolina
• Metpar Corporation
• Hadrian Inc.
• Alan Lewis Incorporated
• Bradley Corporation
• Winsupply Inc.
• Marlite, Inc.
• Ampco Products, LLC
• Knickerbocker Partition Corp.
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#USbathroom#U.S. bathroom partition market#U.S. bathroom partition market share#washroom partition market#toilet partition market#market research report#Antibacterial Glass Market Analysis#market research
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U.S. Forklift Market Size to Reach $11.94 Billion by 2025
7 September 2018, The U.S. Forklift Market size to reach USD 11.94 billion by 2025, owing to the rise in the construction, building and infrastructural activities in the country. The U.S. forklift market is expanding owing to the swift infrastructural development and industrialization, mainly in the industrial, commercial, and housing industry and is expected to grow significantly over the forecast period. The Forklift industry in the U.S. is undergoing constant innovations and technological advancements owing to the rapid advancement of fabrication techniques and high end use of forklifts in the construction industry, which is expected to fuel the forklift market growth over the forecast period.
The electric type forklift trucks segments held the largest share in the market and is expected to grow at a significant rate over the forecast period. The electric type forklift trucks are gaining popularity owing to the employment of several cutting-edge technologies and the ease of use in various end-use applications throughout industries such as construction industry, manufacturing industry, freight handling end-uses which is anticipated to fuel the growth of the forklift industry over the forecast period. The electric forklift trucks are used for most of the warehouse and indoor applications. They also come in compact sizes and can move standard loads while sustaining the capacity to completely function in small spaces around 11 feet wide. More and more number of industries and companies are nowadays replacing, purchasing and upgrading to electric forklifts as they are more energy-efficient and environmentally friendly. Electric forklifts are a genuine substitute to lift trucks which are fueled by liquid and are more cost-effective and economical to run, equally potent and powerful, safe, easy to maintain, cleaner and quieter.
The electric forklift trucks are cheaper and easy to maintain and operate as compared to IC forklifts. Electric forklifts needs very low maintenance due to the presence of few moving parts, requires few fluids replacement such as engine oil, filters, and coolant. Furthermore, they also have significantly less hours lost due to maintenance interruption and failure or breakdown and just need an AC power source to charge or a spare battery which is expected to drive the demand for electric forklifts over the forecast period.
Forklifts trucks and industrial trucks mainly offer the competence of lifting, engaging, repositioning, depositing, and carrying several types of loads which is further anticipated to complement the industry growth in the coming years. The ever-increasing demand for forklift trucks in logistics storage and warehousing is estimated to boost the growth of the market over the forecast period. The demand for forklift trucks is growing on account of the rising trend of electric forklift being used by the warehouses and material handling divisions as these electric forklift are energy efficient and environment friendly as compared to internal combustion engine (ICE) forklift which is anticipated to fuel the product penetration of forklifts over the forecast period in the country over the forecast period.
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The U.S. forklift market is a highly fragmented in nature with a large number of existing and emerging new players. Major players in the forklift industry comprise of companies such as Hyster-Yale Material handling Inc., Crown Equipment Corporation, Cat Lift Trucks, Clark Material Handling, Toyota Material Handling U.S.A. and several others. Competitors are taking strategic initiatives and gaining confidence of their consumers to occupy a good market share and boost the competition in the market over the forecast period.
Hexa Research has segmented the U.S. forklift market report based on type and end-use:
Segmentation by type, 2015 - 2025
• Internal combustion forklift
• Electric forklift
• Automated guided forklift
Segmentation by end-use, 2015 - 2025
• Construction industry
• Manufacturing industry
• Freight handling applications
Key players analyzed:
• Hyster-Yale Material handling Inc.
• Crown Equipment Corporation
• Cat Lift Trucks
• Clark Material Handling
• Toyota Material Handling U.S.A.
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Wood-Based Panel Market is Predictable to Witness Terrific Growth by 2025
The global Wood-Based Panel Market is projected to witness tremendous growth over the forecast period, driven primarily by surge in new commercial and residential constructions in developed as well as developing countries.
Repair and renovation activities across the world have also had a positive impact on the market. Stringent rules and regulations implemented on deforestation activities has encouraged the need for efficient timber utilization, which in turn, is driving demand for wood-based panels.
These panels are of various types; they can be particle board, plywood (softwood and hardwood), fiberboard (MDF and hardboard), laminated veneer lumber (LVL), oriented strand board (OSB), block board, wafer board, and other composite structural panels.
Asia Pacific is a prominent market, primarily owing to rapid industrialization and increasing infrastructural activities in the region. Demand is also triggered by need for structural panels in the construction industry. The region is projected to exhibit a strong CAGR during the forecast period on account of increasing construction and infrastructural activities in countries such as China, India, and South Korea. Thailand, Malaysia, and Indonesia, among others, are observing rapid growth in demand for Medium Density Fiberboard (MDF) and particleboard panels, which can be attributed to increasing demand for high-quality furniture.
Countries such as U.S., Netherlands, Germany, and South Korea have been leading importers of wood-based panels, accounting for around half the global imports. China and Indonesia, on the other hand, were leading exporters of these products.
Increasing application in the manufacture of sidings, flooring and decking, and windows and doors in the construction sector is expected to impact market growth. Moreover, rising demand for furniture such as cabinets, shelves, cupboards, and desks is anticipated to drive this market. Wood-based panels are also used in the packaging industry for the manufacture of boxes, crates, and containers used in shipping and logistics.
Countries with maximum production and consumption are China and U.S. Demand in European countries is also projected to increase on account of favorable government policies. The European Commission has invested significant amounts in R&D activities to come up with processes that can ease production of wood-based panels. Manufacturing companies in Europe are opting for vertical integrations to establish control over their value chain.
Eastern Europe is projected to exhibit a high CAGR on account of rising production facilities in Russia and Turkey. Russia is expected to overtake Germany to become the largest particleboard market in Europe.
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The European market has shown tremendous profitability on account of increased consumption in application sectors such as construction, furniture, and packaging. However, rising cost of inputs such as wood, resins, adhesives, and timber will have an adverse impact on panel makers across the region as it reduces their profit margins to a great extent.
Stringent disposal regulations and increasing raw material prices are expected to be the major restraining factors for the global wood-based panel market. According to EU, plywood generates around 300 kilo tons of waste, which is disposed into landfills every year. Plywood contains toxic resins and adhesives, which can seep through the soil and damage the environment. Therefore, the EU aims at reducing production of plywood and increasing production of other wood-based panels such as OSB and MDF.
Major product manufacturers across the world include Kronospan Worldwide, Weyerhaeuser, Georgia Pacific, Sierra Pacific, West Fraser Timber Company Limited, Canfor, Tolco Industries Limited, Hampton Affiliates, Resolute Forest Products, Interfor, Timber Products Company, Shanghai Jechen Group Company, Schweighofer, Stora Enso, Arauco, Sodra Timber, Klausner-Group, Pheifer Gruppe, Idaho Forest Group, Ante-Halz gmbH, Rettenmeier Group, Klenk Holz AG, and Linyi Guangsha Wood Industry Company Limited.
Noranda Forest Inc. (Canada), which is engaged in the production of OSB, entered into joint ventures and acquisitions to increase its production capacity, product portfolio, and expand into emerging markets. Mergers are also a key expansion tactic, mainly to increase market share and gain access to up and coming markets. For instance, Kronospan Ltd. (Austria) acquired Clarion Boards Inc. (U.S.), which manufactures MDF, high-density fiberboard, and laminated veneer lumber. This strategy was undertaken to enter the North American market and supplement the company’s European facilities.
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Antibacterial Glass Market is expected to go beyond $270 million by 2024
The global antibacterial glass market size was USD 160 million in 2015 and it is expected to go beyond USD 270 million by 2024. Growing number of Hospital Acquired Infections (HAIs) is said to spur the demand during the forecast period (from 2016 to 2024). Growing demands for antimicrobial coatings along with the rapid technological improvements is projected to positively impact the market growth.
However, strict rules & regulations about the antimicrobial coatings production are said to negatively affect the demand over the next few years. On the other hand, the extensive product implementations in different consumer electronics like phablets, tablets, etc. are expected to fuel the revenue. The global market is divided into applications and regions.
Browse Details of Report @ https://www.hexaresearch.com/research-report/antibacterial-glass-industry
The applications sector of the antibacterial glass market comprises food & beverages, hospitals, military equipment, and residential /household. The hospital sector is anticipated to be the leading sector over the estimated years. The sector is expected to grow at a CAGR of over 7 % over the forecast period. This can be attributed to the rising product implementations in isolation rooms including oncology units, burn units, and hematology units as these dedicated critical facilities need 100 % germ-free environment and significant sanitation.
The food & beverages sector is said to witness huge growth prospects growing at a CAGR of over 7 % during the estimated years. Major usage of these products for storing and packaging the food and beverage products is said to boost the growth. In addition to this, the increasing installations in restaurants, canteens, food displays etc. are also likely to push the market growth.
The North American antibacterial glass market is expected to grow at a CAGR of over 7 % during the forecast period due to rapidly growing hospitals sector. The Europe region is said to be the lucrative and dominant regional market during the next eight years. Plus, the presence of major global product manufacturers in the region is likely to positively impact the growth.
Some of the companies in the market are Corning Inc.; AGC Glass Europe; Glas Trosch Holding A. G.; Nippon Sheet Glass Co. Ltd. (NSG); Vetraria Bergamasca Tecnovetro Srl. (VBT); and Saint-Gobain S. A.
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