Emerging economies to favor LED lamp market trends, government bodies to play a pivotal role in the industry commercialization

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LED Lamp Market scale has witnessed a swift upsurge with the commendable product penetration across the industrial and residential sectors. The LED lamp industry growth is not only attributed to the huge profit residing in its wide spectrum of applications but is also equally driven by the buzzing trend of energy conservation worldwide. Considering the demand curve of LED lamps over the recent years, these products have become a commodity of choice in response to the escalating demand for sustainable lighting solutions and optimal energy usage.

U.S. LED Lamp Market Size, By Product, 2016 & 2024 ($Mn)
U.S. LED Lamp Market Size, By Product, 2016 & 2024 ($Mn)

The lighting companies worldwide are proactively investing in these products making it a significant part of their business portfolios. These investments where on one hand are benefiting the firms financially, on the other hand, are also addressing the corporate responsibility of the organizations. The recent noteworthy initiative in this regard is by Phillips Lighting where the company has developed LED lamps in a research partnership with Dubai Municipality. The company aims to supply 2 million ‘Dubai Lamps’ across the city in 2017, covering the residential and commercial sectors. This number is estimated to reach 10 million lamps by 2021, which signifies the huge expansion of LED lamp market across the country. Philips claims these lamps to reduce the electricity consumption by 90%. The innovation of ‘Dubai Lamps’ is certainly a groundbreaking move in the LED lamp industry. Other companies exploiting the opportunities in the LED lamp market include GE, Cree, Samsung, Osram, etc.

LED lamp industry has witnessed a series of M&As and strategic collaborations as a part of its growth approach. Product diversification and differentiation have been the prime goals of the organizations behind these strategic moves. The companies are implementing vertical integration tactics across their value chain model. The aforementioned statement is justified by the acquisition of Lightech, a technology leader in LED drivers by GE Lighting, in 2011. Another such move was witnessed in November 2012, when GE, the global lighting magnate acquired Albeo Technologies. This acquisition was a win-win situation for both the firms, where on one hand Albeo Technologies gained access to GE’s huge customer base and on the other hand, Albeo’s LED fixtures was added to GE’s list of lighting products.

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The favorable government regulations have also played a crucial role in the global commercialization of LED lamp industry. The stringent norms by the government bodies banning the usage of inefficient lighting systems are providing a major push to the adoption of LED lamps. Both the residential and the commercial sectors are increasingly deploying these lighting solutions as a move toward sustainability. In addition to addressing the optimal energy usage demand, these lamps are also highly durable and cost-effective which is further fueling its demand worldwide. Reportedly, these light lamps have a life span of 30,000 to 40,000 hours and can last up to four times longer than fluorescent lamps.

The emerging economies such as India and China are becoming popular platforms for the LED lamp market expansion. The rapid economic development, urban projects, and favorable government policies are the factors influencing the investments of the industry players in these regions. For instance, the Government of India, under the UJALA scheme, provides these lamps at lower prices, making it quite a viable option for the lower-income groups as well. Lighting Africa Program by the World Bank which enables sustainable lighting solutions access to 250 million people across sub-Saharan Africa, also provided a phenomenal impetus to LED lamp industry.

The growing trend of automation and the ‘smart city’ and ‘smart home’ initiatives have further added to the growth of LED lamp industry. In this regard, the developed economies have contributed toward a major chunk of the overall market revenue.  U.S. and Canada have been lucrative avenues for the LED lamp market growth over the recent years and are anticipated to display an upward path in the coming years as well. U.S. LED lamp market is also projected to gain a significant traction via the horticulture lighting recognized as one of the major niche applications in this region. Marijuana trade, which is proliferating on account of its medicinal value, is being addressed as a significant investment spot for the LED lamp industry participants.

Europe is also one of the prominent regions partaking in the LED lamp industry share. The energy standards set by the European Commission has propelled the adoption of LED lamps across residential, industrial, and public areas. As per the estimates, Europe accounted for 25% of the overall LED lamp market size in 2016 and is forecast to witness phenomenal gains over the years ahead. Apart from the favorable government norms, the technological advancements in this region such as Smart Homes and Smart City initiatives are also driving the Europe LED lamp industry size.

With sustainability becoming the major focus area for both the consumers and the businesses, the LED lamp market is certain to exhibit lucrative growth roadmap over the years ahead. The industry is highly competitive and demands an appropriate alignment of the various business parameters such as cost, brand value, and product diversification to sustain the fierce competition.

Author Name :Shikha Sinha

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APAC Glyphosate Market to generate lucrative gains by 2024, India and China to be the major revenue contributors

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The world has been finding alternative ways to cope up with the ever-rising demand for food. Subject to this factor, Glyphosate Market is forecast to witness the rise of potential growth avenues over the next seven years. The necessity to increase the crop yield and quality coupled with the awareness among the farmers regarding the enhancement of plant growth is likely to fuel glyphosate market share. Glyphosate, containing isopropyl amine, is essentially a crop desiccant and an organophosphate herbicide that is used by farmers and landowners to produce genetically modified crops such as sorghum, maize, tea plantations, soybean, wheat, sunflower, and cotton. It is also used to control the growth of numerous crops in forests, gardens, public spaces, fields, and farmlands, thereby fueling glyphosate market.

India Glyphosate Market size, by application, 2013-2024 (USD Million)
India Glyphosate Market size, by application, 2013-2024 (USD Million)

Glyphosate industry size was more than 850 kilo tons in 2015 and is slated to grow at a CAGR of 5.3% by 2024. Most players operating in this market have been striving to improve the quality of the product to enhance plant growth without negatively affecting the plant. Key participants operating in this industry include Monsanto Company, DuPont, BASF, Nantong Jiangshan Agrochemical & Chemicals, Syngenta, Nufarm Limited, Dow AgroSciences LLC, Bayer CropScience, and SinoHarvest Corporation. This market is characterized by frequent mergers and acquisitions to improve productivity and enhance business growth.

Glyphosate finds applications in conventional crops and genetically modified (GM) crops. Conventional crops held more than 55% of glyphosate market in 2015, primarily due to the absence of advanced farming techniques. Glyphosate market size from conventional crops is anticipated to grow significantly over the years ahead, subject to the chemical’s usage in the production of wheat, sorghum, and rice. It is sprayed on the field a week before sowing the seeds.

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Pertaining to the fact that India is one of those countries that still lacks advanced farming techniques, India glyphosate market size from conventional crops will be USD 273.3 million by 2024 with a CAGR estimation of 7% over 2016-2024, having had a valuation of USD 123 million in 2015. India glyphosate market share from conventional crops is slated to exceed 75 kilo tons by 2024, with an initial value of 35 kilo tons.

Glyphosate industry from genetically engineered crops is poised to observe a remarkable growth subject to the rising awareness among consumers. Technological advancements will also help enhance this application segment. High demand from cattle feed and increased global food consumption will drive glyphosate market from genetically engineered crops, slated to grow at a rate of 6% over 2016-2024. In addition, these crops are touted to be less harmful that conventional herbicides, which will further fuel product demand, especially across the developed Euro zone.

Europe held more than 15% of global glyphosate industry in 2015 and will grow moderately over the next few years, subject to strict government regulations regarding the applications of agrochemicals. Due to technological innovations and increased cultivable land, Russia glyphosate market will grow at a rate of 2.5% over 2016-2024.

The Asia Pacific belt has a vast amount of cultivable land and natural resources owing to which APAC held more than 35% of the global glyphosate industry share in 2015. China is solely responsible for more than 25% of the global soy consumption. India and China accounted for more than 25% of worldwide cereal consumption in 2015. Thus, with China and India as prime revenue contributors, Asia Pacific glyphosate market will generate remarkable revenue by 2024.

U.S. glyphosate industry size from genetically modified crops was more than USD 450 million in 2015 and is anticipated to grow lucratively over 2016-2024. This growth can be attributed to the rising awareness regarding the usage of agrochemicals and the wide preference for GM crops.

Global glyphosate market share is quite consolidated, with four of the key players holding more than 50% of the overall share. Monsanto Company, for the longest time, has been the leading glyphosate market player owing to the fact that the company adopted glyphosate tolerant crops rather early. In addition, the launch of the renowned Roundup herbicide has also catapulted the company to the dominant position. Other companies have also been following suit, thereby propelling global industry share.

Author Name :Saipriya Iyer

Chitosan market to register a double-digit CAGR over 2018-2024, surging demand from wastewater treatment to expedite the industry expansion

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In a world consumed with the concern of reducing waste and bring down greenhouse gases emission, chitosan market has gained major prominence in the last couple of decades since the compound has proven to be one of the most ecofriendly biopolymers. Recently a group of bioengineers from University of Nottingham in UK have joined a counterpart team in Nile University, Egypt to develop a substitute for conventional plastic carry bags using chitosan. The biodegradable alternative will be designed to be greener than more conventional polythene derived from fossil fuels and can also be used to extend the shelf life of foodstuffs.

U.S. chitosan market size, by end-user, 2013 – 2024 (USD Million)
U.S. chitosan market size, by end-user, 2013 - 2024 (USD Million)

Apparently, developing nations like Egypt have a major problem when it comes to disposal of plastic bags and reduction of water contamination. The use of bioplastics is not feasible in the African nation where most plants are grown for food and cotton. Chitosan, the man-made polymer derived shrimp shell, has emerged as viable solution for the production of a biopolymer nanocomposite material that can replace polyethene. The success of chitosan in Egypt can lead to British manufacturers opting for it as well which is eventually expected to lend a major boost to the chitosan market over 2018-2024.

Chitosan is already a very recognized material in waste water treatment industry as well as food packaging industry. Research has demonstrated that the biopolymer chitosan can be used as a coagulating agent for organic compounds, toxic heavy metals and for adsorption of dyes and minor concentrations of phenols in various industrial wastewaters. Absorption in waste water treatment has been attracting scientific focus as it is a high efficiency, low cost method and absorbents are easily available. Driven by industrialization and urbanization, water pollution has become a major threat on Planet Earth. Chitosan industry has forged a remarkable growth avenue for itself as it has proved to be one of the most effective compounds for the removal of heavy metals or metalloids through adsorption.

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Chitosan market has also etched out a growth path through the development of edible alternatives in food packaging. Researchers are therefore developing packaging alternatives made of chitosan as an option that has the potential to replace plastic in the food and animal feed industries. As per the Australian Marine Debris Initiative Database, plastics constitute one of the biggest pollutants in the Australian waterways, with up to 130,000 tones winding up in the ocean each year. Researchers at the National University of Singapore have succeeded in developing an ecofriendly food packaging material that is chemical additives free by fortifying natural chitosan composite film with seed extract from grapefruit. This innovative food packaging material can impede fungal growth resulting in doubling the shelf life of perishable food. As such packaging options come to achieve mainstream acceptance, chitosan market is bound to register a growth influx over the ensuing years.

The production procedure for chitin and chitosan involves use of hydrogen peroxide and high temperatures besides the use of aggressive agents, concentrated solutions of acids and sodium hydroxide. Large volumes of industrial wastewater containing acid and alkali are produced during the chemical treatment of chitin and chitosan. However, the compounds are used across a wide array of industries that include medicine, agriculture, cosmetics and food processing. Considering such applications and the relative eco friendliness of chitosan, extensive research and development is being conducted in the chitosan market to create a product that is not as harmful to the environment.

Recently a research endeavor has succeeded in obtaining low-molecular-weight, water-soluble chitin and chitosan that relies on electron-beam plasma degradation of chitosan in a specialized plasma chemical reactor. The new technique not only has the advantage of being environmentally friendly but also reduces the time needed to produce water-soluble chitosan from several days to minutes. As more investments related to chitosan find their niche in R&D programs, it is imperative that the chitosan market will register a massive growth rate over 2018-2024.

Author Name :Paroma Bhattacharya

Tire Cord and Tire Fabrics Market to accumulate maximum share via automotive applications over 2016-2024, Asia Pacific to drive the regional growth

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Tire Cord and Tire Fabrics Market revenue is expected to experience a significant upsurge over the coming years, augmented by mergers & acquisitions, joint ventures, and product innovations. Recently, Indorama Ventures, a petrochemical producing firm based in Thailand, has decided to acquire Glanzstoff, a leading European manufacturer of tire raw materials as well as its supplier to key tire manufacturing firms in Europe.  Glazstoff collects a revenue of nearly USD 190 million annually and is ranked second in rayon tire cords production across the globe. By acquiring Glanzstoff, Indorama aims to enhance its nylon & polyester fiber production for high performing lightweight tires, most popularly used in self-driving automobiles and electric cars. It is predicted that the worldwide demand for high performing lightweight tires across luxury, self-driving, and electric cars sectors will grow at an annual rate of 4 % to 7% over the coming five years, thereby generating lucrative growth opportunities for tire cord and tire fabrics industry.

U.S Tire Cord And Tire Fabrics Market size, by product, 2013-2024 (USD Million)
U.S Tire Cord And Tire Fabrics Market size, by product, 2013-2024 (USD Million)

The thriving automotive sector is forecast to make notable contributions towards tire cord and tire fabrics industry size over the years ahead, driven by the growing use of the product in vehicle production. South Korea, Japan, China, U.S., and India, which accounted for over 50% of the total vehicle production in 2015, are expected to contribute significantly towards the global demand for vehicles over the next few years. According to Global Market Insights, Inc., “Tire cord and tire fabrics industry value, estimated at USD 3.85 billion in 2015, is slated to hit USD 6.4 billion by 2024.

Taking into consideration the regional trends, tire cord and tire fabrics industry in Asia Pacific is expected to grow considerably over the coming timeframe, driven by high vehicle sales in India and China. This can be credited to the rise in disposable incomes of consumers as well as an increase in the population of middle income groups. Key car manufacturing firms such as Audi, Nissan, Mercedes Benz, BMW, and Volkswagen are also establishing their production bases across the region, which is going to positively impact the business scenario.

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North America tire cord and tire fabrics market value, worth USD 800 million in 2015, is predicted to witness a high surge over the coming seven years. Escalated consumer demand for SUVs and luxury vehicles is expected to push tire cord and tire fabrics industry revenue in the region. The U.S., which contributes over 65% of the automobile sales in North America, is likely to stimulate the regional demand. The sale of commercial and personal vehicles in the U.S. is projected to cross 12 million and 10 million units by 2024, thereby adding towards business expansion of tire cord and tire fabrics industry.

Rayon cord, steel cord, nylon dipped cord, and polyester are the major products of tire cord and tire fabrics market. Polyester tire cord and tire fabrics industry is projected to grow at a rate of 5% over the duration of 2016 to 2024, subject to enhanced product utilization in passenger car tires due to its low price and favorable physical characteristics.

Steel tire cord and tire fabrics market, worth USD 1 billion in 2015, is projected to observe the notable expansion over the coming seven years. The growth can be credited to a high inclination towards the use of radial tires across regions such as North America along with mushrooming product application in the production of commercial vehicles.

In 2015, the worldwide tire cord and tire fabrics industry was highly consolidated with only few leading players dominating the market share. Hyosung Corporation, Kolon Industries Incorporation, Firestone Fibers & Textile Company, SRF Limited, Bekaert, Kordsa Global Incorporation, Kordarna A.S., CORDENKA GmbH & Co. KG, Teijin Limited, Tokusen USA Incorporation, and Milliken & Company are the key participants of tire cord and tire fabrics industry.

Author Name :Dhananjay Punekar

Pharmacovigilance market to be driven by a stringent regulatory framework: global industry to cross USD 8 billion by 2024

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In the face of the growing complexity in pharmaceutical domain, pharmacovigilance (PV) market stands to garner much popularity over the ensuing years, on virtue of its incredible potential to ensure drug safety. The procedure though being utilized fundamentally since many years, the stringency in safety documentation for drug approvals brought about recently have somehow aided pharmacovigilance industry to establish its stance as an individual niche vertical. The determinant behind it can be the ongoing chain of unfortunate events with regards to adverse drug reactions. This, in consequence, has made drug safety as one of the top issues for healthcare regulators.

U.S. Pharmacovigilance Market, By Clinical Trial Phase, 2013 – 2024 (USD Billion)
U.S. Pharmacovigilance Market, By Clinical Trial Phase, 2013 – 2024 (USD Billion)

Safety concerns have necessitated the requirement of more granular drug information and data transparency, a factor that vividly exhibits the growth scope of pharmacovigilance market. Pharmaceutical giants have been scrupulously planning to deploy advanced PV capabilities in order to provide a resource-intensive, transaction focused, and less reactionary drugs. Many companies are also shifting their focus to alternate delivery models, in a bid to increase efficiency and capacity. This range varies from internal redesigning to full-scale PV outsourcing. Not to mention a strict regulatory framework speaks volume and has much to contribute in the overall pharmacovigilance market share.

A concise insight into the regulatory landscape of pharmacovigilance market:

  • The Pharmacovigilance Risk Assessment Committee of European Medicines Agency has recently recommended new measures to avoid valproate exposure of babies during pregnancy. Reportedly, the committee has mandated that the packaging of all valproate medicines should include a visual warning about the associated risk in pregnancy. For pharmacovigilance market players, this is a vital pointer to be taken into consideration.
  • In what can be touted as an attempt to proliferate regional pharmacovigilance market, the Indian Pharmacopoeia Commission recently announced its plan of organizing a series of workshops at Ahmedabad and Mumbai. As per experts’ opinion, with this sensitization of regional pharmacovigilance industry stakeholders, regulators would be prompted to implement stringent regulatory norms on pharmacovigilance.
  • FDA was authorized to oversee the amendments related to pharmaceutical domain, by virtue of which pharmacovigilance market also comes under the jurisdiction of FDA. The entity imposes post-marketing controls on medicinal products to monitor manufacturing facilities after approval has been granted. Allegedly, the objective is to confirm ongoing compliance with both previously approved requirements, legislation and notifications.

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It is thoroughly coherent that manufacturers partaking in pharmaceutical industry would have to meticulously follow the norms implemented by these regulatory bodies. Addressing pharmaceutical requirements would undeniably increase third party reliance on pharmacovigilance, which by extension would drive pharmacovigilance industry share. In fact, PV outsourcing providers are helping organizations to address the increasing volume of complex regulatory requirements. Add to it, with the support of pharmacovigilance, these players are also incorporating scalability in their product portfolio, against the backdrop of aggressive cost targets.

Given how strictly global pharmacovigilance market is monitored, it is rather overt that the U.S. would emerge as a prominent regional contender for this industry. This is solely on account of the fact that the region’s pharma space  is stringently controlled by a disciplined regulatory frame of reference. As per estimates, the U.S. accounted for a mammoth 86.9% of North American pharmacovigilance market share in 2017, essentially on account of the highly advanced healthcare infrastructure in conjunction with a spate of stringent pharmacovigilance guidelines. Given that the U.S. FDA requires pharmaceutical companies to mandatorily ensure post-marketing surveillance and then report ADRs within a stipulated duration, it is rather overt that the U.S. pharmacovigilance market would attain commendable gains in the years ahead.

Given the parade of innovations in PV outsourcing that has already started coming on board, what remains to be seen how this third-party reliance brings forth more opportunities for pharmacovigilance market. However, the profitability seems humongous affirmed by an estimation by Global Market Insights, Inc., claiming the business space to register double-digit growth rate of 10.7% over 2017-2024.

Author Name :Saipriya Iyer

Global geothermal heat pump market players to tap growth opportunities in Europe and North America, closed loop products to gain precedence over 2018-2024

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Increasing demand for renewable and cost effective energy solutions is providing geothermal heat pump market a strong business ground to expand in the coming years. Fluctuating crude oil prices have resulted in a shift in consumer trend toward stable energy solutions such as geothermal heat pumps. The regional governments have played the role of a catalyzer in the growth chart of the industry over the past few years. Initiatives which include financial supports, federal income tax credits, rebates, subsidies, renewable heat incentives have encouraged the adoption of non-conventional energy sources, which otherwise catered geothermal heat pump industry share.

Sweden GHP Market Size, By Product, 2017 & 2024 (USD Million)
Sweden GHP Market Size, By Product, 2017 & 2024 (USD Million)

Cost effectivity, seasonal flexibility, eco-friendliness, and minimal maintenance cost are some of the attributes that make geothermal heat pump market one of the fastest growing renewable energy based industries.  Unique ability to use underground temperature as a heat exchanging medium for both heating and cooling purposes is expected to boost the industry growth in the years ahead. However, expensive installation of these heat pumps is somewhat acting as a deterrent in the growth curve. In order to mitigate this issue, key players of the market are heavily investing in research activities to minimize the manufacturing cost of geothermal heat pumps.

Closed loop products are expected to gain massive traction in the overall geothermal heat pump industry. These systems can be installed either vertically or horizontally depending on the size of the plot. Minimal maintenance and operational cost, superior reliability, higher efficiency, and flexibility make it the most suitable choice for the investors. Vertical installation gains a popularity over horizontal one due to its less space requirement. As per the estimates, closed loop geothermal heat pump industry is slated to carve an appreciable growth chart over 2018-2024. On the other hand, low installation cost and comparatively less heat transfer make the market demand high for open loop installation.

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Geographically, North America and Europe have a strong foothold in the global geothermal heat pump market. Several beneficial initiatives taken by the U.S Government and European Union to promote the adoption of renewable energy resources for daily usage, is chalking a profitable road map for these geothermal heat pump markets. For instance, in 2030 climate and energy framework, EU underlined a target of reducing greenhouse gas emissions up to 47% within a period of 13 years. It also projected that by 2030, renewable energy utilization will cover 27% of the total consumption.

Germany has been touted to be one of the major revenue contributors for the Europe geothermal market. Indeed, the nation announced to invest over USD 250 billion in the country’s geothermal heat pump infrastructure. The U.S. geothermal heat pump market which accounts for a major portion of the North America industry, is projected to accumulate hefty proceeds by the end of 2024. This can essentially be attributed to the ever-increasing expenditure in the construction of single house buildings across the regions of the Northeast and Midwest U.S. In addition, the availability of consistent shallow ground temperature will also help expedite the U.S. geothermal heat pump market share.

Furthermore, the North America geothermal heat pump market is also expected to be supported by the government measures that are being undertaken to increase the adoption of renewable energy sources and reduce the carbon footprints across the continent. Indeed, the regional governments have been proactive enough to introduce tax credits and rebates in order to encourage the penetration of geothermal energy heat pumps.

The global geothermal heat pump market is fragmented with players pacing toward moves such as strategic collaborations and regional expansion to sustain the competition. Prominent geothermal heat pump industry participants include Kensa Heat Pumps, NIBE, Robert Bosch, Finn Geotherm, Glen Dimplex, and Stiebel Eltron.

Author Name :Saipriya Iyer

Europe Silica Flour Market to witness massive gains via fiberglass applications over 2016-2024, Germany to be the key revenue contributor

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Emerging economies across the world are witnessing a slew of construction projects in residential & commercial sectors. Silica Flour Market is projected to experience a significant upswing subject to this very factor. Silica flour is basically obtained by grinding quartz sand that contains high silicon dioxide content, in vibration mills. The ground material comprises very small particles, which is obtained through air separators driven by strong rotors. Silica flour industry is anticipated to witness a y-o-y growth of 7% over 2016-2024, owing to the usage of this product in glass and flouring applications. A report by Global Market Insights, Inc., states that silica flour market size, having had a valuation of USD 350 million in 2015, is expected to cross a revenue of USD 650 million by 2024, primarily augmented by the rising demand for high quality and durable glass across the thriving construction sector.

Europe Silica Flour Market Size, By Application, 2013-2024 (USD Million)

Europe Silica Flour Market Size, By Application, 2013-2024 (USD Million)

Silica flour is used to manufacture sodium silicate that is used as a chemical, catalyst base, binder, detergent, zeolite, deflocculate, anticorrosive, adhesive, coagulant aid, and cement, subject to its highly beneficial chemical and physical properties and reasonable cost. Silica flour industry from sodium silicate applications is set to observe a CAGR of 6% over 2016-2024, owing to its extensive usage across myriad industrial sectors.

Of late, automotive companies such as Mercedes-Benz, Volkswagen AG, BMW AG, Audi AG, and Porsche AG are venturing into construction and infrastructural development. This has paved the way for a heavy consumption of sodium silicate, which will further augment silica market share from sodium silicate.

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The aforementioned companies have a strong base in Germany, the automotive center of the world, owing to which Germany silica flour industry will earn a remarkable revenue over 2016-2024. The increasing usage of sodium silicate in construction projects will also spur Europe silica flour market, with Germany being a key regional contributor. These companies are pioneers of novel technologies, and have recently begun to implement fiberglass in their automobiles, as it prevents external factors from affecting the comfort factor of the vehicles, thereby spurring silica flour industry from fiberglass applications.

Fiberglass possesses high insulation properties, subject to which it is used in construction and renovation activities. It also reduces the heat exchange from the building interiors to the external surroundings and maintains overall building temperature, thereby complying with building norms laid out by the government. Owing to this factor, fiberglass applications had contributed to more than 25% of the overall silica flour market in 2015 and is anticipated to grow significantly over the coming years.

The rapidly growing construction sector in APAC region will lead to the growth of silica flour industry in the region. China and India are the leading contributors toward APAC silica flour market, given that the construction and automotive sectors of these countries are witnessing an upsurge.

Prominent usage of carbon black and amorphous silica in the rubber industry as reinforcing fillers will stimulate silica flour market. The product helps increase the shelf life of tires, reduce GHG emissions, and maintain temperature within the vehicle, owing to which it is deployed heavily in the automotive sector. North America silica flour industry will also witness an upswing subject to the product usage in the developing tire manufacturing sector. The extensive usage of silica flour in myriad industrial sectors will also propel U.S. silica flour market, which in turn will positively influence North America regional industry.

Leading silica flour market players include Premier Silica LLC, Silica Holdings, Inc., Saudi Emirates Pulverization Industries Co., Opta Minerals, Inc. Premier Silica LLC, AGSCO Corp, FINETON Industrial Minerals Ltd., Delmon Group of Co., Adwan Chemical Industries Co., Ltd., SCR-Sibelco N.V., and SIL Industrial Minerals, Inc. The United States houses most of these participants, owing to which U.S. silica flour industry will progress rapidly.

Constant exposure to silica flour may cause harm, owing to which global regulatory organizations have mandated stringent norms regarding its usage. Industry players need to be aware of this issue and implement safety procedures at worksites to avoid workplace hazards and fatalities due to excessive product usage.

Author Name :Saipriya Iyer