Roofing Materials Market Shows Rapid Growth in Future

9-May-2019: The global roofing materials market size is expected to reach USD 154.20 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 4.2% during the forecast period. Thriving construction industry owing to consistent economic growth, coupled with low interest rates leading to increase in approval of building projects, is expected to aid market expansion.

Growing trend of development of reflective coatings for dark-colored roofing materials, which enable better heat reflection and reduce overall energy requirements, is presumed to fuel market expansion. In addition, evolving technology to improve the weatherability, installation, and aesthetics of the membrane roofing material is projected boost product demand.

The market exhibits the presence of a large number of substitutes, including living roofs, restoration coatings, and solar and SPF roofs. These materials have better performance characteristics as compared to common roofing materials available in the market. However, high maintenance and installation cost are expected to limit their growth, resulting in moderate threat of substitutes.

The industry is characterized by high brand loyalty, coupled with established long-term relationships between customers and manufacturers. Major market players are focusing on enhancing their brand reputation by offering a wide range of products with better quality standards as compared to competitors.

In depth research report on Roofing Materials Market

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

Further key findings from the study suggest:

·       On the basis of product, concrete and clay tile dominated the roofing materials market in 2018 and accounted for 35.6% share in the overall revenue, which can be attributed to their ease of installation, availability, durability, energy efficiency, and low cost

·       In terms of revenue, the residential application segment is expected to register a CAGR of 4.4% over the forecast period. This could be attributed to rising residential construction in emerging economies due to increasing population and stable economic growth

·       Asia Pacific emerged as the largest regional market in 2018 and is expected to reach USD 51.81 billion by 2025 owing to increasing infrastructure development activities, including renovation of airports, setting up of SEZs, and establishment of IT parks

·       In terms of revenue, China is estimated to exhibit a CAGR of 5.8% over the forecast period owing to government initiatives to encourage sustainable construction practices and increase energy efficiency

·       Industry players are focusing on inorganic growth by expanding their product portfolio to provide next generation solutions to their customers. In addition, they are aiming to integrate their manufacturing and distribution operations to increase their profit margins.

Grand View Research has segmented the global roofing materials market on the basis of product, application, and region:

Roofing Materials Product Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 - 2025)

·       Asphalt Shingles

·       Concrete & Clay Tile

·       Metal Roofs

·       Elastomers & Plastic

·       Others

Roofing Materials Application Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 - 2025)

·       Residential

·       Non-Residential

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About Grand View Research

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

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Wood Pellets Market Size is Projected to Reach USD 15.47 billion by 2025: Grand View Research, Inc.

15-February-2019: The global wood pellet market size is projected to reach USD 15.47 billion by 2025 expanding at 9.2% CAGR, according to a new report by Grand View Research, Inc. The product is obtained by recycling the timber and forest residues into clean, renewable biomass fuel. Increased government spending on renewable energy for power generation is expected to stimulate market development. Rising demand for cleaner and renewable sources for power generation owing to instability in fossil fuel prices is also expected to propel the product demand.

Moreover, wood pellets help reduce the Greenhouse Gas (GHG) and carbon emissions, which is likely to augment their usage; thereby boosting market growth. On the other hand, increasing integration among timber industries towards pelletization is likely to be a major concern for the manufacturers over the forecast period. However, several policies and agreements, such as the Kyoto Protocol, the Paris Agreement of COP21, and the American Clean Energy and Security Act, are estimated to drive the product demand. In addition, increasing R&D activities to develop innovative manufacturing procedures for wood pellets are projected to have a positive impact on the market growth.

 In depth research report on Wood Pellets Market

https://www.grandviewresearch.com/industry-analysis/wood-pellets-market

Further key findings from the study suggest:

·       Power plants accounted for 34.1% of the total revenue share in 2017 owing to the utilization of wood pellets in providing heat for electricity generation by direct firing or co-firing with coal in these plants due to its ability to undergo complete combustion

·       The consumption of the product in residential heating is expected to expand at a CAGR of 9.5% from 2018 to 2025 on account of the simple pellet heating technology coupled with minimum operation and maintenance requirements

·       The industry in Asia Pacific is expected to register high growth owing to rising product demand in power plants applications as a result of increased awareness for electricity generation through renewable sources

·       Europe region also accounted for a significant market share in 2017 on account of high product penetration in residential heating coupled with increased awareness regarding GHG emission

·       Major companies in the global wood pellets market focus on R&R for the development newer manufacturing technologies and integration across the stages of value chain to gain a competitive edge over others

Grand View Research has segmented the global wood pellet market on the basis of application and region:

Wood Pellet Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Power Plants

·       Residential Heating

·       Commercial Heating

·       Combined Heat and Power (CHP)

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About Grand View Research

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

For more market analysis reports, please visit: http://www.grandviewresearch.com/

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

Roofing Chemicals: Shaping the Future of Construction Industry

10 September 2018: Roof coatings are seamless, sustainable solutions that prevent leaks on different roofing materials. Roof coatings also possess properties that allow them to stretch and return to original size and shape without any damage. Due to such properties they have a huge demand from construction sector. Epoxy resin, acrylic resin, elastomer, styrene, and asphalt or bituminous are the major types of roofing chemicals or coatings.

Asphalt/Bituminous to be the Largest Roofing Chemicals Type

Asphalt is predicted to continue dominating its counterparts in the years to come. These roofing chemicals have an average lifespan of 20 to 50 years and are easy to install. These two factors are expected to be the key drivers for the demand of this products from around the world. To cater to the rising demand, many manufacturers are focusing on product innovation for introduction of highly efficient and low-cost products. This factor is projected to augment demand for asphalt roofing chemical in the forthcoming years.

Styrene is estimated to witness a significantly high growth during the next few years due to rapid expansion of construction activities. Rising adoption from commercial and residential sectors is poised to drive the demand for styrene in near future. These roofing chemicals are also used as waterproofing material in the vents of storage tanks. On the other hand, elastomer is anticipated to witness fast-paced rise in terms of demand. Elastomers are used in various roof types including single-ply, metal, wood, concrete, polyurethane, and others.

Market Insights

Based on the findings of a report by Grand View Research, Inc.; the global roofing chemicals market is expected to reach at USD 146.3 billion by 2025. It is anticipated to expand at a steady CAGR of around 7.7% over the forecast years (2018 to 2025). Increasing demand for highly elastic, efficient waterproofing, and weather-resistant roofing solutions in new construction activities is expected to spur market development. Moreover, rising R&D activities for introducing cost-efficient roofing systems and rapid technological advancements are likely to have a positive impact on global demand for roofing chemicals.

E.I. du Pont de Nemours and Company or DuPont; The Dow Chemicals Co.; GAF Materials Corp.; BASF SE; and Saint-Gobain S.A. are some of the key players in the global market for roofing chemicals. Most companies focus on product innovation and M&A activities as part of their business development strategies. For example, in the recent past, BASF SE acquired a European building material company Henkel AG and Co. KGaA for strengthening their portfolio of construction chemicals.

In-Depth Research Report On Roofing Chemicals Market:

https://www.grandviewresearch.com/industry-analysis/roofing-chemicals-market

Wood Based Panel Market Hit USD 174.55 billion by 2025 : Grand View Research, Inc.

The global wood based panel market size is expected to reach USD 174.55 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.7% CAGR during the forecast period. High demand as an insulating material for wall cladding, ceiling, roofing, and flooring applications is expected to boost market growth over the coming years.

The global industry is dynamic and highly competitive in nature. Investments, divestments, and regional expansions are key strategies adopted by players to strengthen their presence in the market. On the down side, increasing raw material prices and lack of technological innovation are expected to be a key concern for industry players.

Innovations in the traditional woodworking industry to produce more sustainable products, such as MDF, particleboard, OSB, and HDF, which can be employed in specific application areas, are expected to boost market growth over the forecast period. Companies are investing in R&D activities to come up with environment-friendly manufacturing wood based panels.

Growing population, uncertain monsoons, and rapid industrialization across the globe are major factors that have resulted in deforestation, which, in turn, has led to low availability of raw materials. Increasing raw material prices and high competition among industry players are expected to shrink profit margins of industry players over the forecast period.

Stringent regulations imposed on manufacturing of wood based panels are expected to be a key threat to market players. Moreover, high initial investments and operational costs associated with the machinery are expected to trigger entry barriers, thereby lowering the threat of new entrants over the forecast period.

In depth research report on Wood Based Panel Market

https://www.grandviewresearch.com/industry-analysis/wood-based-panel-market

Further key findings from the report suggest:

·       The MDF product segmentis expected to register a CAGR of 8.9% over the projected period, on account of its preference in construction and decoration applications. This can be attributed to its consistent particle size, shape, and strength

·       Particleboard is anticipated to be the fastest growing product segment on account of its rising demand in the construction sector for underlayment and roofing. This is due to its sturdy and rigid properties

·       Enhanced properties such as high strength, moisture resistance, chemical resistance, fire resistance, and durability offered by plywood can be credited to its high market value of USD 37.24 billion in 2016

·       Furniture dominated the market by application in 2016, accounting for a 47.5% share. Wood based panels find high demand for manufacturing lightweight, well-finished, and durable decorative products

·       Asia Pacific held the largest market share of 58.4% in 2016 and is expected to dominate the industry over the forecast period on account of high investments in the construction sector in the region

·       Key participants including Canfor, ante-Group, Georgia-Pacific, Idaho Forest Group, LLC, and Kronospan Limited are investing in R&D activities to come up with sustainable wood based panels to gain a competitive edge over their competitors.

Grand View Research has segmented the global wood based panel market on the basis of product, application:

Wood Based Panel Product Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2014 - 2025)

·       MDF

·       Standard MDF

·       Thin MDF

·       HDF

·       Particleboard

·       OSB

·       Softboard

·       Hardboard

·       Plywood

Wood Based Panel Application Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2014 - 2025)

·       Furniture

·       Construction

·       Windows & doors

·       Flooring & decking

·       Siding

·       Others

·       Packaging

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

 About Grand View Research

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

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Natural Fiber Composites are Eco-Friendly Materials Used to Provide Durability and Strength

The global natural fiber composites market is expected to reach USD 10.89 billion by 2024, according to a new report by Grand View Research, Inc. Natural fiber composites are eco-friendly materials used to provide durability and strength to the physical structures used in automotive and construction industries. Rising awareness regarding bio-based green building materials and supportive government regulations are likely to propel growth over the forecast period. Furthermore, increasing population has led to growing demand for residential construction as well as public infrastructure, which is expected to augment growth.

Technological advancements in manufacturing processes such as compression molding, injection molding, and extrusion are likely to have a positive impact on growth over the next eight years. Natural fibers are substituting glass and carbon fibers in the recent years due to low costs and improved sustainability. Natural fibers are available in abundance in Europe and Asia Pacific which in turn is expected to propel demand over the next eight years.

In depth research report on Natural Fiber Composites Market

http://www.grandviewresearch.com/industry-analysis/natural-fiber-composites-market

Further key findings from the report suggest:

·       Wood fiber composites dominated the global market in 2015, and this trend is likely to continue over the next eight years. Raw materials including flax, hemp, and kenaf are increasingly used in the production of lightweight and fuel-efficient cars, which in turn is expected to propel demand. In addition, recycled cotton is also being increasingly used for automotive industry thus driving growth.

·       Compression molding led the market in terms of technology and is being utilized for the development of luxury car components. This technology helps in the production of lightweight components with improved properties such as deformation resistance and lamination ability.

·       Construction industry dominated the global market, in terms of application followed by automotive industry. Natural fiber composites are finding increased applications in industries such as sporting goods and electrical & electronics. Sporting goods accounted for over 2.0% of the market share in 2015 and is projected to witness significant growth on account of increasing awareness regarding exercise benefits and changing consumer lifestyles.

·       North America dominated the market and was valued at about USD 2.00 billion in 2015. The presence of a vast number of market players in the region is expected to have a positive impact on growth. In Europe, supportive government regulations and presence of a vast number of automotive manufacturers are projected to accelerate the growth.

·       In February 2016, Amerhart Limited, entered into a partnership with Trex Company to enhance its global footprint. Market players have been adopting numerous strategies including partnerships, acquisitions, and R&D investment to cater to rapidly increasing demand.

Grand View Research has segmented the global natural fiber composites market on the basis of raw material, matrix, technology, application and region:

Global Natural Fiber Composites Raw Material Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·       Wood

·       Cotton

·       Flax

·       Kenaf

·       Hemp

·       Others

Global Natural Fiber Composites Matrix Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·       Inorganic Compound

·       Natural Polymer

·       Synthetic Polymer

Global Natural Fiber Composites Technology Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·       Injection Molding

·       Compression Molding

·       Pultrusion

·       Others

 Global Natural Fiber Composites Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·       Automotive

·       Electronics

·       Sporting Goods

·       Construction

·       Others

Browse more research reports of this category:

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

About Grand View Research

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

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Roofing Chemicals: Shaping the Future of Construction Industry

Roof coatings are seamless, sustainable roofing solutions that can prevent leaks on different roofing materials. Roof coatings also offer properties that allow them to stretch and return to original size and shape without any damage. Due to such properties they have a huge demand from the construction sector, which, in turn, also boosts the demand for roofing chemicals. Epoxy resin, acrylic resin, elastomer, styrene, and asphalt or bituminous are the major types of roofing chemicals or coatings.

Asphalt/Bituminous: The Largest Roofing Chemicals Type Segment

Asphalt was the largest type segment in 2016 and generated revenue of $ 30.41 billion accounting for 40 % of the overall share in the industry. The segment is predicted to retain its dominance even during the forecast period i.e., from 2017 to 2025. These roofing chemicals have an average lifespan of 20 to 50 years and are easy to install. These two factors are expected to be the key drivers for the segment growth. Many manufacturers are focusing on product innovation for introducing highly efficient and low-cost products; this is also predicted to augment the segment demand over the coming years.

The styrene type segment is estimated to witness a high growth rate during the next seven years due to rapidly expanding construction activities in the commercial, as well as residential, sector. These roofing chemicals are also used as waterproofing material in the vents of storage tanks. The elastomer segment is also anticipated to witness fast-paced development over the next few years. These chemicals are used on various roof types including single-ply, metal, wood, concrete, polyurethane, and others.

Market Insights

Based on the findings of a report by Grand View Research, Inc.; the global roofing chemicals market is expected to reach at USD 146.3 billion by 2025 with a CAGR of 7.7 % over the forecast years. Increasing demand for highly elastic, efficient waterproofing, and weather-resistant roofing solutions in new construction activities is expected to spur the global market development in future. Moreover, rising R&D activities for introducing cost-efficient roofing systems and various technological advancements are also likely to have a positive impact on the global market.

E.I. du Pont de Nemours and Company or DuPont; The Dow Chemicals Co.; GAF Materials Corp.; BASF SE; and Saint-Gobain S.A. are some of the key players in the global roofing chemicals market. Most of these players focus on product innovation and M&A activities as part of their business development strategies. For example, in the recent past, BASF SE acquired a European building material company Henkel AG and Co. KGaA for strengthening their portfolio of construction chemicals.

In-Depth Research Report On Automotive Appearance Chemicals Market:

https://www.grandviewresearch.com/industry-analysis/roofing-chemicals-market