High Demand for Light Materials can Influence Growth of High Performance Alloys Market

19-December-2018: According to a report by Grand View Research, Inc., global high performance alloys market is anticipated to value USD 11.34 billion by 2024. Growing requirement for metals offering superior properties and performance at low cost is anticipated to propel demand for high performance alloys. These alloys are likely to offer superior characteristics making it better replacement for aluminum and steel.

High demand for light materials in aerospace sector attributed to growing need for next generation aircrafts can influence growth of market. Growing adoption of alloys in thermal processing, petroleum sector, and oil & gas extraction can fuel market growth over next few years. Increasing use of recycled materials for producing alloys attributed to rising environmental concerns can drive growth of market. Continual technological advancements in processing techniques of alloys can positively impact market growth over the forecast period (2012 to 2024). 

The high performance alloys market can be segregated on the basis of material, application, product, and region. Based on product, the market can be categorized into refractory, platinum group metals, non-ferrous metals, and super alloys. In 2016, non-ferrous segment dominated the market and accounted for 51.6% market share in terms of revenue. Increasing use of non-ferrous alloying material in manufacturing of electrical and electronic devices can spur demand. It is likely to emerge as fastest growing product over the forecast period and account for CAGR of 4% in terms of volume. Growing adoption of these alloys in automotive sector can fuel growth.

In addition, super alloys segment is likely to grow well attributed to rising use of thee alloys in aerospace, oil & gas, power generation sector. In addition, use of super alloys in chemical processing & heat exchanging tubes attributed to high heat resistance can fuel growth. 

Based on material, market can be classified into titanium, magnesium, aluminum, and others. Aluminum segment is predicted to witness significant growth and account for CAGR of 5.4% in terms of revenue. High demand for aluminum alloys in aerospace and automotive application can fuel growth.

Similarly, titanium segment is expected to grow well over the forecast period attributed to increasing usage in building fuel nozzles of jet engines. In addition, superior properties such as high tensile strength, toughness, and light weight can surge product demand over next few years.

Based on application, the market can be segmented into automotive, industrial, aerospace, industrial gas turbine, oil & gas, E& E, and others. In 2016, industrial gas turbine segment is expected to account for 19.7% during the forecast period. Rising demand for high performance alloys attributed to high temperature resistance can fuel growth of market over next few years. In addition, increasing use of alloys in turbines to enhance performance lifetime can spur market growth.

Similarly, use of high performance alloys in manufacturing of critical industrial components can augment growth of market. Moreover, rising product demand in defense and oil & gas segments sectors can drive market growth over the forecast period.

Moreover, aerospace segment is likely to grow at CAGR of 55.4% owing to increasing use of lightweight materials in defense and commercial aircrafts.

Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. In Asia Pacific, the market is anticipated to grow fast and account for CAGR of 5.9% during the forecast period. Rising production of automobiles coupled with growth of aerospace sector can influence growth of market in this region. In addition, surging gross domestic product (GDP) of emerging economies coupled with growing adoption of indigenous manufacturing in the region can fuel market growth.

On the contrary, North America is likely to dominate the market attributed to high consumption volume realized by aerospace industry in United States (U.S.). In addition, rebuilding of oil & gas industry in the economy can contribute well for growth of market over the forecast period.

Some of the leading companies offering high performance alloys are Alcoa Inc.; Precision Castparts Corp.; Hitachi Metals Ltd.; Allegheny Technologies; and Timken Company. This market can be characterized by presence of regional and international players engaged in strategic partnerships to gain traction among consumers. In addition, these market players are likely to establish their manufacturing facilities across the globe to enhance footprint.

In-Depth Research Report On High Performance Alloys Market:

https://www.grandviewresearch.com/industry-analysis/high-performance-alloys-market

Green Building Materials: Energy –Efficient and Environment-Friendly Construction Materials

According to a report by Grand View Research, Inc., global green building materials market is anticipated to value USD 364.6 billion by 2022. Growing requirement for energy –efficient and environment-friendly construction materials is anticipated to propel demand for green building materials. These eco-friendly building materials are likely to reduce impact of global warming owing to low carbon footprint. In addition, these installations can expected to consume less water during hardening and are easy to maintain.

High demand for green building materials attributed to numerous environmental and monetary benefits can influence growth of market. Growing number of manufacturing companies attributed to easy availability of raw materials to produce green building materials can fuel market growth. Rising focus of government globally on construction of green buildings to attain high energy-efficiency can influence growth of market over next few years. Rising demand for residential and commercial buildings attributed to increasing population can stimulate market growth. Increasing energy costs and rising green buildings standards can augment growth of market over the forecast period (2012 to 2022).

However, presence of price sensitive consumers and uneven enforcement of energy regulation can restrain growth of market during the forecast period.        

The green building materials market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into interior, exterior, structural, and others. In 2016, structural segment dominated the market and accounted for 60% of global market share. It is expected to grow at CAGR of 11.4% during the forecast period. Rising concerns to reduce carbon emissions and provide superior durability at low cost can fuel product demand over the forecast period.

Similarly, interior segment is likely to witness substantial growth attributed to growing consumer awareness regarding environmental benefits of such products. Enhanced lightening, superior aesthetics, and improved indoor air quality offered by green buildings materials as interiors can fuel market growth. 

Based on application, the market can be classified into roofing, framing, insulation, exterior siding, interior siding, and others. Insulation segment is expected to dominate the market and account for largest market share over the forecast period. It can contribute for market share equivalent to USD 85.9 billion by 2022 attributed to high levels of energy conservation. In addition, growing number of construction activities in commercial and residential sector can fuel growth of segment in next few years.

Roofing is estimated to contribute well for growth of market attributed to rising demand for non-toxic rubber roofing. Superior durability and weather resistance offered by rubber roofs can surge its demand among consumers over next few years.

Regional segmentation includes North America, Europe, Asia Pacific, and rest of the world. In 2016, North America dominated the market and accounted for 35% of global market share. The market is expected to grow at similar pace in this region attributed to favorable government policies and building codes. In addition, rising number of renovation activities is likely to stimulate demand for green building materials over next few years.

In Asia Pacific, the market is anticipated to witness significant growth at CAGR of 12% over the forecast period. It is expected to gain market share equivalent to USD 78.4 billion by 2022. Continual growth of residential sector in the region attributed to increasing population requiring shelter can foster market growth. In addition, Paris agreement signed by India and China to fight climate change coupled with rising infrastructural development in economies can surge product demand during the forecast period.     

Some of the leading companies offering green buildings materials are Alumasc Group Plc, Bauder Limited, CertainTeed Corporation, BASF SE, and PPG Industries. The market is expected to exhibit forward integration by raw material suppliers attributed to high profit margins and demand. In addition, favorable buildings codes, regulations, and certifications can augment growth of market. This, in turn, can increase number of new entrants in the market. In addition, regional dominance of major companies is likely to decrease owing to increase in import activities. Moreover, development of advanced products is anticipated to spur growth of market during the forecast period.

In-Depth Research Report On Green Building Materials Market:

https://www.grandviewresearch.com/industry-analysis/green-building-materials-market

Growing Requirement for Lightweight Vehicles is Anticipated to Boost Composites Market

12-December-2018: According to a report published by Grand View Research, Inc.; the global composites market is anticipated to attain a valuation of around USD 130.83 billion by 2024. Growing requirement for lightweight vehicles to enhance fuel-efficiency is anticipated to market growth over the forecast period (2018 to 2024). Composites can replace steel in vehicles attributed to their higher strength to weight ratio.

Currently, most vehicles use conventional fuel technologies such as petrol and diesel. However, growing environmental concerns and stringent regulations regarding pollution control can force  manufacturers to manufacture eco-friendly vehicles. Composites can be used to manufacture lightweight vehicles. These vehicles offer high fuel-efficiency, which is a primary factor augmenting product demand.

The worldwide composites market can be segregated on the basis of product, resin, manufacturing process, end-use, and region. Based on product, the market can be categorized into glass fiber, carbon fiber, and others. In 2015, glass fiber emerged as the largest product segment. Also known as fiberglass, this composite is made of fine fibers of glass. Fiberglass is lightweight, robust, and strong material. This factor is expected to bode well for segment growth over the forecast period. However, it is likely to have lower stiffness than carbon fiber.

Based on resin, the market can be bifurcated into thermoplastic and thermosetting. In 2015, thermosetting resin dominated market and accounted for largest market share of around 83.3%. Thermoset or thermosetting composites are synthetic materials strengthened when heated. They cannot be remolded after initial heating. Thermosetting products are stronger attributed to cross linking and can suit for high temperature. This is the primary demand driver for these resins.

Based on manufacturing process, the market for composites can be classified into injection molding, compression molding, pultrusion, resin transfer molding, layup, filament winding, and others. In 2015, layup dominated the market and accounted for around 30.9% of the total market share. The layup process involves placement of fiber layer in sequence by using matrix of hardener and resin. It is then allowed to set at room temperature. The curing process can be accelerated by applying heat with oven. Hand layup process is low cost cooling technique and includes wide choice of material types and suppliers.

Based on end-use, the market can be divided into electrical and electronics, aerospace and defense, automotive and transportation, construction and infrastructure, pipes and tanks, marine, and others. In 2015, transportation dominated the market and accounted for the largest share of 20.8% in terms of demand. Advantages of lightweight and durable materials are appreciated in design, fuel savings, and manufacturing efficiencies for autos, buses, and trains, across the transportation spectrum. Manufacturers of buses and light rails use composites to enhance fuel efficiency and interiors of vehicles. Demand for fire retardant, corrosion resistant, and durable products from top suppliers to fulfill demand for adhesives, resins, reinforcements, and gels in transportation applications wil bode well for segment growth in near future.

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific dominated the market and accounted for largest market share in 2015. It is likely to continue its dominance over the forecast period owing to rising production of boats, architectural moldings, and wind turbine blades in the region.

North America is predicted to witness significant growth during the forecast period. Rising demand for commercial aviation on account of globalization and rising disposable income is expected to spur growth of aviation sector in the region. In addition, growing concerns regarding aircraft weight can further fuel demand for composites. Commercial aviation is expected to use composites to around 50% of total weight of aircraft. Airbus A350 can be built using 52% Carbon Fiber Reinforced Polymer (CFRP), while Boeing 787 Dreamliner can be built using 50% CFRP in terms of weight.

Europe is likely to witness steady growth during the forecast period owing to extensive R&D activities and emergence of numerous market players. Some of the leading companies operating in the composites market are Mitsubishi Rayon Corporation, Cytec Industries, Hexcel, Toray industries, and Hyosung.

In-Depth Research Report On Composites Market:

https://www.grandviewresearch.com/industry-analysis/composites-market

Coiled Tubing Market is Expected to Reach a Valuation of Around USD 4.9 Billion by 2025: Grand View Research, Inc.

10-December-2018: According to a report published by Grand View Research, Inc.; coiled tubing market is expected to reach a valuation of around USD 4.9 billion by 2025.

Reduction of oil production from the existing wells and rise in exploration and production activities can propel the market during the forecast period (2014 to 2025). Supportive government policies are also expected to support the market growth.

Increasing demand for the oil and gas in applications including transportation and power production among the other has increased the growth in consumption of primary energy sources. Demand for effective oil recovering techniques have increase due to rising cost of extracting oil from existing wells and recovery of matured oil wells. Thus, growing shale projects and advancements in other unconventional resources is likely to boost the product demand in the coming years.

Worldwide coiled tubing market can be segmented on the basis of services, operation, application, and region.

Based on services, the market can be categorized into well intervention, drilling, and others.

CT is considered as less expensive and time-saving solution for well intervention and drilling operations. At the time of production, the tube is injected into the tubing against the pressure of the well to remove the tubing from the well for fixing the problem. In 2016, the well intervention segment dominated the market and accounted for over 66% of the overall market in terms of revenue. This service is being employed for extending the life of a producing well by refining its performance.

As per operation, the market can be bifurcated into pumping, circulation/deliquification, perforation, logging, and others.

In 2016, pumping segment was the largest segment and is projected to expand at a CAGR of 5.2% during 2017 to 2025. The circulation segment is expected to exhibit rapid growth during the forecast period. This is most commonly used operation and used for cleaning light debris. It is a substitute fill removal approach that is used to pump down the production tubing.

On the basis of application, the market can be classified into offshore and onshore.

In 2016, the Offshore application segment estimated for over 45% of the total market. The common offshore applications comprise well interventions or production for extending well life.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa.

Promising by the U.S.  and Chinese governments in the form of tax incentives, and other financial aids is likely to support the industry. However, public concerns and several bans regarding harmful impacts of the technology in some countries including South Africa, Tunisia, France, Romania, and Bulgaria are expected to pose challenges for the market participants. The market is expected to grow significantly in countries such as Russia, Argentina, Algeria, and Poland during the projected period.

In 2016, North America was the leading market and estimated for over 42% of the overall market share in terms of revenue. Factors such as availability of skilled manpower, high E&P activities, and accessibility of advanced technologies and equipment are driving the growth in this region. The U.S. and Canada together accounted for the major share in global market.

Asia Pacific is one of the attractive markets over the forecast period. This region is likely to expand at a CAGR of 5.8% during 2017 to 2025 due to supportive government regulations and increasing foreign investment. Presence of potential oil reserves in countries including China, Indonesia, Australia, and India along with rise in investments through FDI channels in the market is likely to create many opportunities for the players.

Key companies operating in the market include Weatherford International Inc.; Superior Energy Services Inc.; C&J Energy Services, Inc.; Industries and Services Catered; and Schlumberger Ltd.

The market is moderately consolidated with the presence of several established companies in the market. Major companies operating in the market includes international E&P companies, individual equipment and oilfield service corporations, microseismic and proppants companies.

In-Depth Research Report On Coiled Tubing Market:

https://www.grandviewresearch.com/industry-analysis/coiled-tubing-ct-market

PVD Faucet Finishes Market is Likely to Reach a Valuation of Around USD 11.8 Billion by 2020

20-November-2018: According to a report published by Grand View Research, Inc.; PVD faucet finishes market is likely to reach a valuation of around USD 11.8 billion by 2020.

Rapid urbanization and increasing government support for the construction industry in the form of tax waivers and low interest rates on home loans can propel the market during the forecast period (2015 to 2020). Additionally, increasing expenditure by hotel groups for renovation and increasing home constructions are expected to drive demand these products.

Physical Vapor Deposition (PVD) is the method of bonding a finish to a faucet. This method provides resistance to wear and tear, corrosion, scratches, and durability. Therefore, it is broadly accepted instead of other methods such as electroplating as faucets, atomic layer deposition, and powder coating. These faucets are lead-free and non-toxic as compared with powder coated products. Rising expenditure by the international hotel chains for premium hospitality services is the key trend observed in the market. In addition, growing residential construction activities has also increased the demand for housing faucets and associated fixtures that can be used in bathroom and kitchens. This is likely to boost the market in the coming years. Growing demand for modular kitchen is also considered as the key driving factors for the market. Rising concerns about water conservation is another factor contributing to the overall demand as faucets play a significant role in preserving water.

Worldwide PVD faucet finishes market can be segmented on the basis of application, color variation, and region. As per color variation, the market can be categorized into chrome, black, rose, nickel, and gold. Based on application, the market can be fragmented into home use and hotel use.

Geographically, the market can be divided into the U.S., Germany, and China.

In 2016, China was the leading market followed by U.S. and Germany. China estimated for close to 80.0% share and projected to dominate the market during the forecast period. Rapid urbanization, increasing disposable income, rise in middle-class population, and booming construction industry is supporting the growth in this country. Supportive government policies like “Public Rental Housing (PRH)”, which offers reasonably priced housing for people in the low-income bracket. The government has also improved subsidies and credit support for housing policies. Consumers looking for house under PRH scheme opt for low cost faucets in the bathrooms. This is anticipated to boost the demand for nickel PVD faucets in the country.

Europe and North America are the major travel destinations. Rising number of visitors have increased the demand for hotel and lodging facilities in these regions. This has lead to rise in budget for constructing or renovating hotels with advanced technologies and unique interior fixtures.

In 2016, the U.S. market was valued at USD 1,903.9 million and is likely to expand at CAGR of 5.0% during 2017 to 2020. Growing construction of new homes has increased the demand for bathroom and kitchen faucets in this country.

According to the U.S. Energy Policy Act of 1992, Retailers in the states, including California, Georgia, Colorado, and Texas are compulsory to sell bathroom accessories, which consume less amount of water. For instance, the toilet water usage should not surpass 1.28 gallons per flush. The other states are also anticipated to follow this rule. This is projected to increase the demand for certified Water Sense faucets.

Germany is likely to show significant growth in the coming years due to thriving hotel industry in this country. Many international visitors considered as the country as the business destination. As per, Germany’s Federal Ministry for Economic Affairs and Energy, from 2012 to 2016, the number of international visits by travelers in the country’s hotels increased by 46.1 million to 59.6 million. Demand for pull-down products with dual sprays has increased in home and hotel segments in the country owing to its easy operation.

Prominent players operating in the market include Moen Inc.; GROHE AG; Kohler Co.; California Faucets, Inc.; and T&S Brass & Bronze Works, Inc.

In-Depth Research Report On PVD Faucet Finishes Market:

https://www.grandviewresearch.com/industry-analysis/physical-vapor-deposition-pvd-faucet-finishes-market

Chromium Increase Hardness of stainless steel and Protecting it From Corrosion

15-November-2018: According to a report by Grand View Research, Inc., global chromium market is anticipated to value USD 16.55 billion by 2025. Growing requirement of stainless steel to manufacture various products is anticipated to propel demand for chromium. It is likely to increase hardness of stainless steel and make it resistive to oxidation, thereby protecting it from corrosion.

Increasing use of chromium in chrome plating and finishing, in production of metal ceramics, synthetic rubies, and dyes & paints can influence growth of market. Growing adoption of chromium in metallurgy to provide shiny finish and impart corrosion resistance can augment market growth. High demand for stainless steel in multiple industrial applications is likely to stimulate demand for chromium in the forthcoming years. Continuous infrastructural development in developing countries demanding stainless steel can fuel market growth during the forecast period (2014 to 2025).

Volatility in prices of chromium is anticipated to hinder growth of market in the forthcoming years. In addition, prevalence of carcinogenic properties in chromium can further obstruct market growth during the forecast period. Trivalent and hexavalent are expected to be two different forms of chromium present in environment. Trivalent is likely to be less toxic as compared to hexavalent. Hexavalent can affect respiratory tract in humans following prolonged exposure.

The chromium market can be segregated on the basis of application and region. Based on application the market can be categorized into chemicals, refractory, metallurgy, and others. In 2016, metallurgy segment dominated the market and accounted for largest market share. It is expected to grow at CAGR of 2.8% from 2017 to 2025. High resistance steel and stainless steel manufacturers are likely to be major consumers in metallurgy segment. Chromium can be used in the form of metals, ferroalloys, and scrape of stainless steel in metallurgical applications. It is expected to be an essential alloy element in manufacturing of stainless steel attributed to its effective properties such as corrosion resistance, oxidative, and hardness. 

Similarly, chemicals segment accounted for market share equivalent to USD 708.2 million in 2016. It is expected to grow at CAGR of 1.9% during the forecast period. Main product that can contain chromium in chemical industry is sodium dichromate. It can be used as process material for surface treatment of several metals.

Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. In 2016, Asia Pacific dominated the market and accounted for 49.6% of global revenue. It is likely to grow at CAGR of 3.1% from 2017 to 2025. High prevalence of major market players in countries such as India, China, and Japan are expected to contribute well in market growth in the region. India is anticipated to be major producer and exporter of chromium ore and China being major importer of the same. All these factors can influence market growth during the forecast period. In addition, high demand for chromium attributed to increasing production of automotive and electronic devices can foster market growth in the region. Growing disposable income, strong GDP growth, and supportive government policies are likely to fuel production activities.

On the contrary, Europe accounted for second largest market share in 2016 attributed to presence of major stainless steel manufacturers in countries such as Russia, Turkey, Germany, and United Kingdom. Turkey and Kazakhstan collectively accounted for 9000 million tons of mining production of chromium ore in that year.

In North America, the market accounted for market share equivalent to USD 557.8 million in United States (U.S.) in 2016. It is estimated to grow well at CAGR of 2.5% during the forecast period. U.S. being major manufacturing country of stainless steel, it is likely to be major manufacturer of chromium based chemicals. Chromium ore can be used for refractory applications. Rising number of infrastructural development activities in U.S. can also influence growth of market in this region. 

Some of the leading companies offering chromium are Samancor Chrome Limited, Assmang Proprietary Limited, Odisha Mining Corporation, Kermas Group, and Glencore PLC.

In-Depth Research Report On Chromium Market:

https://www.grandviewresearch.com/industry-analysis/chromium-market

Industrial Protective Clothing: Will Protect the User Against Health or Safety Risks at Work

13-November-2018: According to a report published by Grand View Research, Inc.; the industrial protective clothing market is expected to reach a valuation of around 13.30 billion by 2022.

Rise in concerns about worker safety due to increasing workplace hazards in several industrial segment such as manufacturing, oil and gas, chemical, and food processing can propel the market over the forecast period (2012 to 2022). Satisfactory regulatory framework for minimizing occupational hazards across the world is also expected to create positive outlook for the market.

Increasing number of blue collar workers across many production centric industries is expected to support the market growth in the coming years. As per OSHA, the global prevalence of industrial protective clothing is anticipated to grow in industries such as research laboratories, pharmaceutical, and healthcare. Increasing prominence of raw materials with characteristics of light weight, wear and tear resistance, and high heat resistance are anticipated to encourage companies to invest in R&D. Increasing efforts to achieve multi-functionality of protective clothing to increase their application scope is expected to impel the market in the coming years. Furthermore, advancements in technologies along with chaining consumer requirement for clothing that combines safety with fashion and attractiveness is also expected to fuel the market growth during the forecast period.

However, increasing costs of raw materials such as silicates, carbon fiber, and aramid fiber may challenge the market growth.

Worldwide protective clothing market can be segmented on the basis of product, application, and region.

Based on product, the market can be categorized into durable and disposable. The durable segment was the leading segment and occupied share over 55% in 2014. This segment is likely to exhibit rapid growth over the forecast period. However, the disposable segment is expected to show significant growth on account of high cost of durable products.

As per application, the market can be classified into flame retardant apparels and chemical defending garments.

In 2014, the chemical defending garments segment was estimated for over 30% of the overall market.  The segment is expected to expand with a CAGR of over 14% from 2015 to 2022. Growing implementation of safety regulations about worker safety and growth in chemical sector is likely to boost the segment growth during the forecast period.

The flame-retardant clothing segment is projected to exhibit high growth of over 14% from 2015 to 2022 on account of growing fatalities in chemical industry.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.

In terms of revenue, in 2014, North America was the largest regional market and estimated for over 35% and is likely to exceed a net worth of USD 13200 million by 2022. Growing industry standards in the direction of the safety of workforce coupled with high demand from manufacturing and automotive sectors is projected to drive the growth in this region. Initiatives taken by several government agencies in this region such as ASTM, National Fire Protection Association (NFPA), and OSHA are also contributing towards the market growth. The U.S. is a major consumer of technical fabrics along with several upcoming construction projects mainly in sectors including infrastructure, power and water, and oil and gas. Guidelines by OSHA is expected to support the growth in the U.S. for instance, in 2014, OSHA revised the OSHA 1910.269 regulation which made it compulsory to wear flame retardant apparel for people working near flames and electric arcs.

Asia Pacific is projected to grow at CAGR of over 15% during 2015 to 2022. This growth can be attributed to robust industrialization in developing countries such as India, China, Indonesia, and Thailand. Rise in infrastructure spending in China and India can have positive impact on the market. growth in end-use industries including oil and gas, mining, healthcare, aerospace, chemicals, and manufacturing in this region along with strict safety regulations are anticipated to spur the market growth.

Some the leading players operating in the market include PBI Performance Products, Inc.; W.L. Gore & Associates, Inc.; Lakeland Industries, Inc.; W.L. Gore & Associates, Inc.; and Australian Defense Apparel.

In-Depth Research Report On Industrial Protective Clothing Market:

https://www.grandviewresearch.com/industry-analysis/industrial-protective-clothing-market

Technological Advancements in Aerospace Sector is Likely to Boost the Market Growth

25-October-2018: According to a report published by Grand View Research, Inc.; the aerospace floor panels market is likely to reach a valuation of around USD 554.4 million by 2025.

Factors such as growing aerospace industry, increasing air passenger traffic, and growing expenditure for defense can propel the market during the forecast period (2014 to 2025).

Technological advancements in aerospace sector is likely to boost the market growth in the coming years. Several research agencies have been conducting research and development (R&D) activities and are making high investments in these floor panels. This is expected to create positive outlook for the market.  In addition, technological developments associated with honeycombs have assist to discover new approaches for manufacturing lightweight and high-strength honeycomb cores.

Worldwide aerospace floor market can be divided into raw material, aircraft type, end-use, and region. As per raw material, the market can be bifurcated into aluminum honeycomb, Nomex honeycomb, and others. In 2016, Nomex honeycomb segment estimated for 71.0% of the overall market. These materials are lightweight and comprises variety of applications due to its better strength and stiffness. The material is also compatible with several adhesives and are thermally insulating. These materials are corrosion-resistant, self-extinguishing, and possess outstanding dielectric properties. Based on aircraft type, the market can be split into narrow body aircraft, wide body aircraft, and very large aircraft (VLA). The military aircraft segment is expected to expand with the fastest CAGR of 7.2% in terms of revenue during 2017 to 2025 due to growing expenditure for defense. In 2016, Narrow body aircraft segment captured 70.5% of the overall market. These aircraft are extensively used for short-haul operations. Growing use of these planes for domestic transport is anticipated to support the growth. The wide body aircraft segment is anticipated to show rapid growth during the forecast period. These aircraft are extensively designed for carrying several passengers instead of operating many small planes. The segment is likely to grow with increasing air passenger traffic in regions including Europe, North America, and Europe. On the basis of end-use, the market can be classified into business jets, commercial aviation, and military aircraft. In 2016, commercial aviation segment estimated for the largest market revenue share of 59.4%. Increasing number of air passenger is driving the growth of this segment. This trend is also likely to continue during the forecast period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. 

Asia Pacific is likely to display substantial growth during the forecast period due to growing demand for different air crafts in China and India. The region is expected to grow at CAGR of 6.7% during 2017 to 2025. This growth can be associated with robust growth in air traffic and increasing defense spending in the region specially, in countries including China and India. Optimistic political events like better trade relation between China and India have supported the business growth in these countries, thus increased the number of air travel for business purpose. Additionally, growing tourism activities in these countries is also expected to increase the number of air passenger. In emerging countries such as India, airfares are comparatively affordable, therefore it is most favorite tourist destinations among the visitors.

North America is considered as one of the attractive markets. The U.S. market is expected to grow at a CAGR of 5.9% during 2017 to 2025. The aerospace sector in the region is anticipated to increase demand for defense aircrafts in the coming years. Since the U.S government is taking efforts to increase the defense expenditure for expanding their capabilities with advanced defense aircrafts and ships.

Prominent players operating in the market include The Nordam Group Inc.; Rockwell Collins Inc.; AIM Aviation Ltd.; Triumph Group Inc.; and Zodiac Aerospace. Market participants are mainly focusing on new product development, partnerships, and merger and acquisition with other players to increase their share in the market.

In-Depth Research Report On Aerospace Floor Panels Market:

https://www.grandviewresearch.com/industry-analysis/aerospace-floor-panels-market

Aerosol Refrigerants Market Hit USD 1.57 billion by 2025 : Grand View Research, Inc.

25-October-2018: According to the findings of a research report published by Grand View Research, Inc.; the global aerosol refrigerants market is likely to reach a valuation of USD 1.57 billion by 2025. The market is anticipated to expand at a healthy growth rate of 6.3 % during the forecast period i.e., from 2018 to 2025. Rise in demand for large-scale air conditioner systems, refrigerators, and chillers across the world is estimated to be the major driver for the market over the next few years. Moreover, demand for natural refrigerants due to the growing awareness regarding environment protection is also projected to have a positive impact on the global market development. Thus, the advent of technologically improved products that cause no possible environmental damage is considered as the key trend in the global market.

Rapidly increasing number of supermarket retail chains along with the implementation of CO2 cascade technology in cooling solutions is also fueling the market development. On the other hand, fluctuating prices of raw materials such as actuators propellants and cans may have a negative impact on the market growth. However, aerosol refrigerants provide energy-efficient cooling solutions to various end-user industries and this is estimated to augur well for the global market. In addition, rapidly expanding e-commerce industry is also expected to contribute toward the growth of this market. Furthermore, development of advanced cold chains filled with propane-based refrigerants is also expected to boost the product demand in the next few years.

Worldwide aerosol refrigerants market can be segmented on the basis of product and region. As per product, the market can be bifurcated into steel and aluminum. The demand for steel is likely to increase due to high adoption in packaging of hydrocarbon-based refrigerants. Furthermore, increasing efforts for recycling cans would also boost the segment demand. The segment is expected likely to register a CAGR of 4.4 % during the forecast period. The aluminum segment would also witness a significant growth in the future due to its high corrosion resistance, better portability, and exceptional barrier properties against UV light and moisture. Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.

Asia Pacific is estimated to register significant growth rate from 20018 to 2025 due to escalating demand for refrigeration products as a result of rapid industrialization and urbanization. High demand for household products like refrigerators due to increased per capita income levels is also expected to create positive outlook for the aerosol refrigerants market in the region. Japan, in particular, is anticipated to have high growth in the Asia Pacific region. Growing government efforts to encourage the use of natural products is expected to drive the product demand in the country. The Chinees market is expected to have a steady expansion due to the presence of large number of refrigeration and cooling equipment manufacturers.

The US regional market for aerosol refrigerants is estimated to expand at a strong growth rate of 6.5 % from 2018 to 2025. It is considered as the major market in North America due to high product demand in the residential and industrial applications. In addition, mobile air conditioning and commercial refrigeration industries are expected to grow significantly in this region over the forecast period due to rising adoption of the ecofriendly products and the HFC phase-down plan. This is also anticipated to contribute toward the growth of the regional market. Some of the prominent companies operating in the global aerosol refrigerators market include FJC Inc.; Mexichem S.A.B. de C.V.; Nu-Calgon Wholesaler, Inc.; STP Products Company; and Baltic Refrigeration Group. These market players compete on the basis of technology and product price.

In-Depth Research Report On Aerosol Refrigerants Market:

https://www.grandviewresearch.com/industry-analysis/aerosol-refrigerants-market

Gold Nanoparticles Market is Predicted to Attain USD 4.86 billion by 2020 : Grand View Research, Inc.

According to a report by Grand View Research, Inc.; the worldwide gold nanoparticles market is predicted to attain USD 4.86 billion by 2020. Gold nanoparticles can be used in organic photovoltaics, sensory probes, drug delivery, therapeutic agents, catalysis, and electronic conductors. Increasing investment in R&D, improvements in the field of nanotechnology, and rising demand for metal nanoparticles in numerous end-use industries can propel the market during the forecast period (2014 to 2020).

High demand for nanotechnology-based diagnostics and therapeutics from the medical industry is expected to boost the market over the forecast period. These products are extensively utilized for the diagnosis and treatment of cancer cells and tumors. Nanotechnology medical products are also used in diagnostic tests for cardiovascular diseases and HIV/AIDS. The product finds applications in dentistry as well since gold nanoparticles are considered as an ideal osteogenic agent. It is extensively used in titanium dental implant surfaces as well. The product can also be utilized as a contrast agent in dentistry for optical coherence tomography (OCT). All these factors are expected to propel market expansion in near future.

Various ongoing research projects regarding the application of nanoparticles in gene therapy of plants, electronics and electrical products such as nanowires, fuel cells, colorimetric sensors, and others can also provide potential business opportunities in near future. Electronic biosensors and compact mass storage devices like USB drives, CD, DVD, and flash cards require gold nanoparticle inks and nanowires. This is anticipated to drive market growth till 2025. Gold nanoparticles have better stability and lesser crystal growth compared to platinum and silver molecules. Rising applications in glass tilting, fruit protection, and photovoltaic can make a positive outlook for the market in forthcoming years.

However, strict guidelines by various international authorities to improve standards for manufacturing, handling, and sale of nanoparticles can restrain market growth to a certain extent. Additionally, inadequate and instable supply of gold and varying prices of raw materials may also hamper the market growth.

The global gold nanoparticles market is segmented on the basis of end use and regions. Based on end-use, the segments are medical and dentistry, catalysis, electronics, and others. The others segment is further divided into glass, cosmetics, and photometry. In 2013, medical and dentistry held over 50% market share in terms of volume. In addition, nanotechnology medical products witnessed 17% CAGR from 2009 to 2014 and may continue displaying healthy growth by 2020. Electronics may grow rapidly at a CAGR over 20% during the study period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, and RoW. In 2013, North America acquired the largest market share and over 30% market share in terms of volume. Escalating medical diagnostics industry and impressive R&D activities by individual nanotechnology firms and universities are the primary regional drivers. Asia Pacific is anticipated to showcase rapid growth at a CAGR over 25% during the forecast period. This region is considered as one of the largest electronic manufacturing hubs and a key consumer of DLNA, micro SD, flash drives, and photovoltaic devices. Technological advancements in nanotechnology in countries like Japan, Taiwan, China, and South Korea are expected to drive the regional market growth in near future. Development of photovoltaic and high precision printing may also support market growth. Europe, on the other hand, is estimated to display sluggish growth during the forecast period.

Some of the key companies operating in the gold nanoparticles market are Nanopartz Inc.; NanoBio Chemicals India Pvt. Ltd.; NanoHybrids Corp.; Solaris Nanoscinces; and Innova Biosciences. The market boasts of a wide range of small regional as well as international vendors. Most companies are continually involved in R&D activities to survive the stiff competition in the market.

Recently, a group of scientists from the National University of Science and Technology “MISiS” along with their associates from the Saha Institute of Nuclear Physics (Kolkata, India) collaborated to create stable gold nanoparticles to fight against cancer. These non-toxic and inexpensive nanoparticles can prove effective in early diagnosis of cancerous cells.

In-Depth Research Report On Gold Nanoparticles Market:

https://www.grandviewresearch.com/industry-analysis/gold-nanoparticles-industry

Stainless Steel: High Recycling Rates in Comparison to other Alloys

15-October-2018: A report by Grand View Reserarch, Inc. indicates that the global stainless steel market is poised to rise to a valuation of USD 127.19 billion by 2024. Stainless steel is extensively used in various end-use industries such as electronics, transportation, building and construction, and industrial machinery owing to its inherent characteristics such as high tensile strength, resistance, and durability. High recycling rates in comparison to other alloys are likely to positively impact the growth of the market.

By volume, the market stood at 37.89 million tons in 2015. Improving socioeconomic conditions and rapid urbanization along with expanding middle-class population are estimated to provide an upthrust to the market. Increasing consumption in the food and beverages industry and household appliances manufacturing is expected to benefit market growth.

Increasing focus on lightweight vehicles is anticipated to escalate the use of stainless steel in automobile manufacturing. Developed economies in Europe and North America are implementing regulations pertaining to vehicle emissions and fuel economy to curtail global warming. Such regulations are working in favor of the market. Growing investments in construction and infrastructure development are also projected to help the market gain tremendous traction.

Stainless steel finds wide application in the petrochemical and oil exploration and production industries. Burgeoning oil exploration and production activities worldwide to meet incessantly proliferating energy requirements are, therefore, stimulating market growth. Stainless steel is used in the production of heat exchangers, tanks, chemical tankers, pressure valves, process pipes, and cracking furnaces, which are commonly used in the petrochemical industry. In the oil exploration vertical, it is used in offshore platforms, LNG tankers, and sub-sea systems.

Rising use in water supply systems is likely to stoke the growth of the market. Corrosion-free nature of stainless steel makes it optimal for use in pipes for water supply as well storage. It offers a cost-effective solution for water management and does not generate impurity. Based on its high strength, durability, and other properties, several industrial organizations, including Indian Stainless Steel Development Association (ISSDA), are expected to increase its usage in pipe manufacturing.

On the flip side, protean prices of nickel can be a major roadblock for stainless steel manufacturers. However, widening scope of applications in construction, healthcare, renewable energy, and cryogenic industries is anticipated to open new avenues for manufacturers.

Advancements in techniques employed in the production of stainless steel can augur well for the market. For instance, in October 2017, researchers from Lawrence Livermore National Lab, in collaboration with teams from Georgia Tech University, Ames National Laboratory, and Oregon State University, developed a 3D printing technique for producing low-carbon stainless steel called 316L, which exhibits high-ductility and high-strength properties.

The global stainless steel market has been segmented on the basis of grade, product, application, and geography. Based on grade, the market has been classified into 200 series, 300 series, 400 series, and Duplex. The 300 series segment dominated the market in 2015, representing 40% of the overall volume. In terms of product, the market has been bifurcated into long and flat, with the latter accounting for a 70% share that year. Key applications include heavy industry, automotive, building and construction, and consumer goods. Automotive was at the forefront of the market in 2015, commanding 20% of the overall volume, with the building and construction segment posting the highest CAGR between 2016 and 2024.

From a geographical standpoint, the market has been divided into North America, China, Europe, Latin America, Middle East, and Asia Pacific. China is a key revenue contributor in the market and is estimated to register the fastest growth at a 5.9% CAGR during the forecast period. Flourishing automotive and construction sectors in the country can drive the market. The growth of Asia Pacific can be attributed to increasing utilization of stainless steel in the food & beverage processing industry in countries such as Indonesia and India.

By volume, the size of the market in North America was 3,000 kilo tons in 2015. Robust growth of the construction and consumer goods industries is contributing to the growth of the market. Spiraling uptake in oil and gas and heavy industries is also expected to supplement the growth of the regional market.

Some of the key companies operating in the global stainless steel market are Acerinox, POSCO, Aperam, Baosteel, and Outokumpu.

In-Depth Research Report On Stainless Steel Market:

https://www.grandviewresearch.com/industry-analysis/stainless-steel-market