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