Polymers and Advanced Materials
Recycling equipment and machinery market to witness immense growth from steel and plastic recycling, global share to surpass $1 bn by 2025
Owing to the interminable production of plastic, metal and paper products, the global recycling equipment and machinery market has gained remarkable growth in recent years, with an estimated remuneration of over USD 750 million in 2017. The facility to recycle waste using baler presses, shredders, aggregators, among other equipment to help in reducing the impact of non-biodegradable materials on the environment has certainly advanced the developments of recycling techniques. The recycling equipment and machinery industry has enabled manufacturers to reduce the cost of production for various products using recycled constituent materials, especially in producing ferrous products. Additionally, using recycled raw materials contribute in the reduction of CO2 emissions from furnaces or other manufacturing processes involved in producing steel and plastic products.
U.S. Recycling Equipment & Machinery Market Size, By Machine, 2014 – 2025 (USD Million)
Reportedly, CO2 emissions can cut down by up to 58% by using ferrous scrap in the manufacturing of steel, a statistic that proves favorable for the recycling equipment and machinery industry. Further, around 40% of world’s steel is produced from scrap and while making steel from recycled materials 74% lower energy is used up, new raw materials required are reduced by 90% and there is also considerable reduction in release of pollutants. Electric appliances, construction materials, containers, and automobiles are the most common products made out of steel and with the growing population, demand for these products can be expected to rise exponentially. Reports indicate that automobile frames consist of at least 25% recycled steel whereas basic electrical appliances are said to contain recycled steel up to 75%, attesting the expansion of the recycling equipment and machinery market.
A large amount of auto-parts, electronic devices and construction materials get discarded worldwide as result of increase in utilization of cars, electrical appliances and infrastructure re-development activities. Subsequently, ensuring the proper treatment and usage of ferrous scrap materials has highlighted the application scope of the recycling equipment and machinery industry. Apart from metal scrap, the swelling volume of plastic waste or surplus has fueled widespread initiatives by governments and businesses to adopt efficient recycling methods for minimizing disposal into the surroundings. Irrespective of the color, size and shape of plastic goods, an industrial shredder can help to convert each part of the product into useful material, making the shredder an indispensable tool offered by the recycling equipment and machinery market.
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As of 2017, more than 8.3 billion tons of plastic had been produced across the globe and only 9% of that was recycled, leaving most of the plastic waste disposed of in landfills or the natural environment and creating an ideal landscape for development of the recycling equipment and machinery industry. Mega-shredders in disposal systems and recycling centers help in material reduction which indirectly reduces the cost of transportation and storage, presenting a lucrative investment option for a long-term commitment towards recycling of plastic, as well as other scrap materials such as paper and rubber. Rubber is reportedly one of the most used and recycled materials with its largest application being manufacturing of tires. Since tires are an obligatory component of all kinds of transportation, from bikes, cars and commercial vehicles to airplanes, rubber waste is also an area of concern for environmental groups and has necessitated the involvement of the recycling equipment and machinery market.
Projections made by Europe’s National Union of Rubber and Polymers show that by 2023 the total rubber waste produced could reach 5.3 million tons. As rubber is recyclable and useful in a variety of applications, communities and businesses have undertaken huge efforts to encourage rubber recycling. For instance, Emmet County in Michigan, USA had initiated a drive in May 2018 where people could dispose of old tires for recycling without any cost. To be run until August 21, the initiative provided an opportunity to people having dozens of abandoned tires, agricultural tires and worn out bicycle tires to dispose them off efficiently. As part of this drive, CM Rubber Technologies will shred all the tires and purify the rubber, which can be later used in making playground covers, variety of mats, rubber-modified asphalt and other landscaping material.
In consequence, the Emmet County’s tire recycling enterprise demonstrates the massive growth opportunities available for shredders in the recycling equipment and machinery industry. Market trends are indicative of the rising popularity of tire-derived fuels and rubber-based pavement materials produced from shredded tires, which have in turn inspired developments and innovations in the industry. The recycling equipment and machinery market could garner tremendous revenues from rubber recycling through tire shredders, as the world is seeing an unprecedented consumption of automotive products.
Slated to witness an impressive 6% CAGR from 2018 to 2025, the recycling equipment and machinery market is constituted of key participants like Lefort, Morita Holdings, BHS Sonthofen, Mid Atlantic Waste Systems, Danieli Centro Recycling, Idromec Spa and many others.
Author Name : Pankaj Singh
Wood, paper & paperboard recycling market to be characterized by a stringent regulatory framework, escalating demand for deploying recycling technologies to expedite the industry growth
Wood, paper & paperboard recycling market has gained quite some popularity of late, driven by the increasing awareness among the regulatory bodies about the environmental and sustainability benefits of waste material disposal. As recycling leads to the conservation natural resources, energy savings, and minimization of landfills, most of the countries and industry behemoths have started focusing on the deployment of policies in favor of recycling of wood and paperboards.For the record, recycling process of one ton of paper and paperboard could save 17 trees, approximately 7,000 gallons of water, about 3 cubic yards of space for landfill, and nearly 4,000 kilowatts of energy. The implementation of regulatory norms across myriad geographies regarding paper and wood recycling will thus have a positive influence on wood, paper and paperboard recycling industry outlook.
U.S. Paper & Paperboard Recycling Market Size, By Grade, 2014 – 2025 (USD Million)
It is to be noted that the contribution of regulatory organizations toward environmental safety and protection has indeed been immense, the direct impact of which has been registered across wood, paper & paperboard recycling industry. The paragraphs below outline some of these initiatives that have influenced this business sphere in more ways than one.
Since 2000, the European Union (EU) has been trying to increase the wood and paperboard recycling rate across Europe, however, the organization encountered fruitful outcomes only in 2014, when he continent successfully crossed a 71% recycling rate with changing consumption patterns. In fact, the organizations like ERPA and CEPI had prepared list of grades of paper and paperboards that could be used as raw material for producing diverse kinds of paper. In addition, they also have been promoting giants in wood, paper and paperboard recycling industry to deploy next-generation recycling technologies for minimizing greenhouse gas emission. Further, it had been observed that they had also organized programs to create awareness among regional industry contributors and the masses about the economic and environmental benefits associated with the recycling of paper.
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In accordance with the established regulatory norms, most of the industries across Europe have started to put in efforts into improving the sustainability properties of their paper-based products. The research community has contributed its bit, constantly conducting R&D activities and helping toward setting up modern recyclable paper testing facilities to aid industry giants implement recycling programs effectively. Validating the aforementioned fact, the International Association of the Deinking Industry (INGEDE) had organized a research program a few years earlier at the Germany-based Darmstadt Technical University for developing a technology to carry out quality inspection of paper before recycling. The program mainly focused on the development of technology which could help industries recognize the print products that are difficult to deink before officially being dispatched for the recycling process. Such eco paper loop methodologies have significantly helped players in paper and paperboard recycling industry to enhance quality of recycled paper and undoubtedly the economy of the country.
The United States Environmental Protection Agency has reportedly mandated the use of recycled paper much prior to the initiatives taken by EU. Post the implementation of regulatory norms related to recycled paper, in 2015, nearly 45.3 million tons of used paper and paperboard were recycled across U.S. at a rate of 68.6%. The U.S. has thus been a major revenue pocket for North America wood, paper and paperboard recycling industry which generated a revenue of USD 3 billion in 2017. In addition, the surging prevalence of modern recycling technology trends across U.S. will have positive influence on North America wood, paper and paperboard recycling market outlook.
Meanwhile, the efforts put into effect by the industry giants, regulatory bodies, and regional governments have proved to be rather lucrative for the overall wood, paper, & paperboard recycling market. Many of the European and North American countries have successfully implemented recycling technologies to enhance the economic growth as well as environmental scenario across the region. In the years to come, the dedication of end-users and governments toward enhancing the sustainability and recyclability of wood and paper products is poised to push wood, paper and paperboard recycling market share. For the record, by the end of 2025, wood, paper and paperboard recycling industry will surpass revenue collection of USD 29 billion.
Author Name : Sunil Hebbalkar
Massive expansion projects to drive the Europe geogrids market from 2018-2024, improving transport infrastructure to significantly boost the consumption
Increasing focus on infrastructure development to support the growing economy has perpetrated the evolution of the Europe geogrids market, which is widely appreciated in a host of civil engineering applications. Geogrids manufactured from different materials have excellent tensile strength and load bearing capacity along with resistance to lateral movements under physical pressure, making them suitable for constructing roads, pavements and foundations of structures. A major incentive for the Europe geogrids market has been the high standards laid down by government agencies regarding the quality of construction, imposing the need for reinforcement of the base materials.
Germany Geogrids Market Size, By Application, 2017 & 2024, (Million Square Meters)
Considerable boost given to the transportation sector by the European Union has fueled the efforts within member countries to invest heavily in expanding the roads, railways, harbors and airports. The Europe geogrids market has benefited from these efforts with contractors preferring geosynthetic reinforced composites over inert materials. In 2015, one of U.K.’s longest railway viaducts was completed in Reading which served as an effective solution to the prevailing congestions on railway track. The viaduct spanned 2,000m and allowed two railways to operate uninterrupted at the same time by carrying one over the other, subsequently resolving the congestion issues.
To overcome certain challenges in constructing the Reading viaduct and ensuring lateral stability, geogrids were used to reinforce the base of the structure while the vertical support consisted of geogrid-reinforced soil retaining walls, covered with concrete panels. Reading railway station is the second busiest inter-change station in the U.K. outside London, and the viaduct proved to be quite significant in bolstering the railway frequency. The benefits which propagate the Europe geogrids industry can be understood by the successful implementation of geogrids for permitting feasible construction and improving the quality of the viaduct ground-base, which comprised of mixed soil. Another example where the Europe geogrids market proved to be vital is the construction of a new runway being undertaken at the National Airport in Minsk, Belarus to replace an older runway slated to be decommissioned.
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Elaborating further, the modern runway at Minsk airport was designed for accommodating larger aircrafts used today in conjunction with more strict safety and performance standards set by new aviation guidelines. To achieve this, the base of the runway has been reinforced with geotextile material and about 340,000 m2 of geogrids were consumed in the entire project. The solution of using a polyester-based geogrid composite to reinforce the runway also provided for the drainage and soil separation support. The significance of the Europe geogrids industry is evident from this example, where the site contractors saved a substantial amount on inert materials and the reinforced layer delivered a remarkably strong structure. The Europe geogrids market was valued at more than USD 310 million in 2017, owing to the rising number of public infrastructure schemes in progress across European countries, combined with the extensive adoption in soil reinforcement and preventing soil erosion.
Essentially, geogrids help to mitigate the risk of expansion and contraction to keep soil in place and enhance the soil’s structural capacity of bearing weight over time. Even lower-grade soil can be reinforced to sustain improved physical integrity and at lesser cost than high-grade soil. Use of geogrids to strengthen steep inclines and rocks which can subside during unfavorable weather has effectively invigorated the Europe geogrids market. Using geogrids for projects involving low-grade soil or even concrete can reduce the time taken for their completion as well as minimize the thickness of fill required in construction, displaying the utility of the Europe geogrids market.
For instance, the Elan Valley Aqueduct, which is crucial in supplying water to Birmingham City and nearby locations, was set for a rehabilitation scheme and a platform was to be erected for supporting a 1,000 ton crane which could assemble a 150 ton tunnel boring machine. Due to complications like traffic problems and the size of the boring machine a reinforced wall was proposed on the hillside which could bear the enormous loads. Further, the site constituted of fine soil material that is quite vulnerable to weather changes. The required platform along with a soil reinforced wall to support the operations was constructed using geogrids of two strengths, helping in the utilization materials obtained from the site itself for filling, while reducing the amount of fill needed.
Overall, using geogrid-reinforcement in the Elan Valley Aqueduct project cost 40% less as compared to a conventional concrete wall and led to lower carbon emissions during the construction works since more local soil was used. Similar upgradation projects in developed economies of Europe will amplify the use of geogrids and drive the Europe geogrid market consumption from 2018 to 2024, with a target of 310 million square meters by 2024.
Author Name : Pankaj Singh
APAC recycled thermoplastic market to witness phenomenal gains with India and China as major revenue pockets
While delivering major benefits, the current plastic economy has major drawbacks that are becoming more apparent day by day. Recycled thermoplastic market, however, with its penetration, is sending out waves of anticipation across a plethora of industry domains, subject to its unrivalled functional properties and reduced cost. Estimates depict, more than 90% of plastic packaging material value after a short first use life cycle is lost to economy, accounting for a loss of more than USD 100 billion annually. Nearly 30% of the plastic packaging escapes the collection system which ultimately leads to a significant economic cost, due to loss in productivity of vital natural systems such as ocean. The cost of such post-use externalities in addition to the cost associated with the GHG emission from plastic production are compelling most of the end-use sectors to incline toward recycled thermoplastic industry. Statistics further testifying the declaration – the global recycled thermoplastic market garnered a remarkable revenue of USD 45 billion in 2017.
U.S. Recycled Thermoplastics Market Size, By Application, 2014 – 2025 (USD Billion)
The industry space, despite encompassing an all-inclusive application terrain, is deemed to accumulate maximum monetary benefits from building and construction sector. The substantially escalating demand for interior designing, window frames, piping, and building insulation materials which meet the corrosion resistivity, durability, cost-effectiveness, and ease of installation and maintenance criterions is a primary factor contributing to the growth of recycled thermoplastic industry growth in this vertical. As per reliable estimates, building & construction applications accounted for almost 15% of the overall recycled thermoplastic industry share in 2017. Industry players are also utilizing the material in some of the most exemplary construction innovations, which would undeniably contribute to the market size.
Recently, Rex Nichols Architects announced the launch of a breakthrough glass home featuring composite wood, which is a recycled form of wood with thermoplastic components, insulated low-e glass, and energy efficient heating pumps. Reportedly, this 4000 sq. ft residency is awaiting for an approval to begin the construction in Florida. As per estimates, this absolutely groundbreaking glass home would cost around USD 5 million, once it gets complete by the mid of next year. Needless to mention, this is one of the significant projects underlining the high-grade developments in recycled thermoplastic market over the recent years.
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Regionally, the Asia Pacific belt is proclaimed to emerge as one of the most lucrative growth grounds for recycled thermoplastic industry, given the increasing proliferation of construction activities across this region. Driven by countries like China, the regional market is estimated to procure more than 35% of the global share by 2025. In fact, as per estimates, the construction industry output in Asia Pacific region would reach USD 4.8 trillion by 2021. This would invariably upscale the demand for recycled thermoplastics for window panels, railings, insulation, and structural decorations, leaving a perpetual impact on regional recycled thermoplastic industry share.
APAC’s yesteryear dominance in global recycled thermoplastic market may also be attributed to the robustly expanding automotive domain across emerging countries like India and China, that has been lately undergoing a transition of sorts. The shifting trend toward light weight vehicles has substantially increased the commercialization of recycled thermoplastics in automotive domain. Statistics claim, sales of light weight vehicles in India and China grew by almost 7.1% and 13.7% in 2016, a vital factor that has influenced APAC recycled thermoplastic market size in 2017.
Despite the elucidated opportunities, the possibility of material contamination during production process remains one of the major constraints affecting the growth trajectory of recycled thermoplastic industry. The contamination of these materials may be microbiological or chemical in nature. This, in consequence, has prompted many of the regulatory authorities to raise a concern over recycled thermoplastic material’s usage in food applications, as the impurities might even leave a trace in the final food product. However, industry players are leaving no stone unturned to overcome the challenge, by bringing more technological interventions in the recycling process. With robust requirement of the material across myriad end-use domains and a persuasive governmental backup, recycled thermoplastic industry is certain to achieve remarkable proceeds over the ensuing years, with a target revenue of USD 95 billion by 2025.
Author Name : Satarupa De
Glass Reinforced Plastic GRP Piping Market to accumulate extensive returns from O&G applications, increasing number of exploration activities to impel the product demand over 2018-2024
With the increasing popularity of nonmetallic thermosetting plastics, glass reinforced plastic GRP piping market has emerged as a prominent business sphere since the last few years. Glass-reinforced plastic has now come up as one of the effective alternative materials over metal parts for various construction applications such as sewage treatment and water supply. Oil and gas industry behemoths, in addition to regulatory bodies, have also been recommending the installation of GRP pipelines pertaining to their excellent corrosion resistance capability.
U.S. GRP Piping Market size, by Application, 2013 – 2024 (USD Billion)
Many of the players in oil & gas industry, especially in MEA have already invested millions of dollars for replacing metal pipelines with glass reinforced plastic pipelines. Indeed, the replacement of traditional metal pipelines with GRP piping has helped them minimize the maintenance cost and ensure hassle-free operations, propelling GRP piping market trends. The growing deployment of GRP pipelines has also helped to minimize any operational breakdowns across numerous industries. In Saudi Arabia, a slew of companies have successfully deployed plastic composite materials across oil flowline networks to reduce system costs and avoid corrosion. In fact, for increasing the adoption rate of non-metallic products, some of the companies have set a few objectives which are proving to be rather profitable for the giants in glass reinforced plastic piping industry. A couple of these objectives are outlined below:
- Reduce the life-cycle cost by minimizing the cost of capital program and cost of corrosion.
- Encourage the local nonmetallic product service providers and manufacturers to increase investments in product development.
Citing an instance of the increasing deployment of GRP pipelines across Saudi Arabia, the world’s largest oil and gas producer, Saudi Aramco has recently taken an initiative to use reinforced thermoplastic pipes in oil flowlines. The company noted that any constructional breakdown in flowlines mainly due to corrosion during working operations leads to loss of working hours that could increase the overall project cost. In the oil & gas sector, specifically, pipelines are mostly deployed to transfer fluids which contain water and sufficient amount of CO2 that tends to increase the rate of corrosion in metallic flowlines. Considering the aforementioned fact, O&G companies are now prominently giving preference to plastic piping which would also help them to achieve cost savings by reducing maintenance expenditure.
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Driven by the range of applications these pipes are deployed in, such as exploration, crude transmission, sub-sea piping, and refinery piping, the oil & gas segment accounted for 30% of the overall glass reinforced plastic piping market share.
Plastic pipelines are increasingly being installed for irrigation, water disposal, telecommunications, and water distribution purposes as well, apart from the oil & gas industry. Mining giants are also heavily relying on plastic pipes for slurry disposals, dewatering, and water distribution. Pertaining to specific properties of plastic piping materials such as abrasion resistance, corrosion resistance, and ease of handling, plastic pipes are becoming popular as an effective alternative over metallic piping across mining industry. Taking into account the surging applicability of plastic piping, the South African Plastic Pipe Manufacturers Association (SAPPMA) has set standards for plastic pipe producers to encourage the development of high quality and sustainable plastic piping. The growing involvement of regulatory bodies in product development and quality enhancement activities is thus slated to boost glass reinforced plastic piping market share over the years ahead.
In the last few years, the manufacturing capacity of GRP piping industry players has been increasing tremendously due to the growing adoption of plastic pipes. Most of the established manufacturers have also extended their reach across the developing economies. In most of the countries, the regional governments have been encouraging pipe manufacturers by investing in several construction projects such as irrigation, sewage control, and many more. For instance, in order to use GRP pipes in irrigation and water projects, recently, the New Zealand government demanded pipes of specific diameters on a large scale. In fact, myriad vendors and manufacturers have now begun to establish themselves in New Zealand glass reinforced plastic piping market considering the long-term business opportunities in the nation.
The increasing usage of GRP in numerous projects from irrigation to mining and oil & gas to sewage treatments is likely to enhance the future product demand on a large scale. The rise in product requirement is expected to generate lucrative opportunities for the players in glass reinforced plastic (GRP) piping market. Powered by the shifting trends toward replacement of metallic piping with plastic piping systems mainly across the mining and oil & gas sectors, GRP piping market is forecast to generate a revenue of more than USD 8 billion by 2024.
Author Name : Sunil Hebbalkar