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