Increasing construction spending coupled with growing importance to protect foundations, and slabs is expected to drive waterproofing membranes market growth

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In an era where ecological competence has gained a pivotal importance in construction sphere, waterproofing membranes market is set to emerge as one of the most opportunistic business spheres of polymers and advanced materials industry. Pertaining to the growing concerns over environmental degradation and resource limitation, green roofs of late, are claimed to be the most widespread preference in the construction community. Needless to say, waterproofing membranes are absolutely critical for establishing these types of green roofs. While some are intrinsically impervious, most of these roofs require some kind of treatment to prohibit any kind of water leakage into the building.

Germany waterproofing membranes market size, by end-use, 2016 & 2024 (USD Million)
Germany waterproofing membranes market size, by end-use, 2016 & 2024 (USD Million)

Indeed, the inevitable requirement of maintaining building sustainability has provided a significant impetus to global waterproofing membranes market trends. However, it is prudent to mention that in spite of the growing number of policies implemented by emerging economies with regards to building energy performance, the average energy consumption per person in the building sector practically remained unchanged over the past few years. As a matter of fact, global building related carbon dioxide emission has continued to rise by 1% since 2010. Amidst this slightly distressing scenario, waterproofing membranes industry is sending out waves of anticipation, on grounds of its contribution in reducing the environmental concerns. IEA’s latest report claims that low carbon energy efficient building technologies can ultimately lead to improvement in global energy utilization per capita by at least 10% by 2025.

Regionally, China has emerged to be one of the profitable growth avenues for waterproof membrane market, primarily on account of the increasing infrastructural development and industrialization in the country. The growing infrastructural activities, in consequence, has tremendously upscaled the energy consumption in the China’s building sector, which by extension has generated a massive demand for waterproofing membranes in the region. Statistics indicate that energy consumption of buildings in China accounts for nearly 15% to 16% of the total energy consumption of the nation. To speak of the product landscape, bitumen membranes, as it is observed, have been gaining a sheer popularity in China market for roofing applications, subject to its excellent adhesion properties and favorable regional governmental norms. As per estimates, China bitumen waterproofing membranes industry share from roofing applications is set to exceed USD 250 million by 2024.

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Companies partaking in this moderately consolidated business space are deemed to witness lucrative opportunities over the ensuing years, given the rising preference of green buildings both across developing as well as developed nations. In the face of intense share battle, waterproofing membranes market players have been increasingly joining forces with one another to come up with innovative solutions, in a bid to substantiate their position. Recently for instance, BASF, one of the leading waterproofing membranes market giants, collaborated with SoloPower Systems, to launch a multi-layered seamless roofing system that would act as an interface between the environment and building. Reportedly, this highly enhanced multi-layered water proofing membrane holds considerable opportunities for cost effective energy saving in buildings. This breakthrough system, as per reliable sources is comparatively 60% lighter than the conventional roofs, subject to its unique architecture.  Backed by a slew of advantages with regards to energy efficiency and environmental viability, this groundbreaking roofing system plausibly would bring a disruption in the waterproofing membranes industry.

While speaking of the market’s potential opportunities, it is also imperative to mention that the business space is subject to a string of constraints, fluctuating price trends of raw materials being at the pinnacle. The primary feedstocks for manufacturing these waterproofing membranes are bitumen and polypropylene. As these materials are mostly petroleum based, volatile crude oil price trends leave a somewhat deterring impact on waterproofing membranes industry outlook, in terms of overall production cost.  Nonetheless, with regional players making significant investments in product differentiation, both in terms of quality and cost, the industry is forecast to witness appreciable growth over the ensuing years. In terms of commercialization, the overall waterproofing membranes market would exceed a valuation of USD 10.5 billion by 2024.

Author NameSatarupa De

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Global fluorochemicals market to be extensively characterized by a strict regulatory framework and sustainable product developments

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Global fluorochemicals market is one of the most opportunistic yet debatable business spheres of recent times. The trend is driven by the product being a subject of questions by regulatory authorities on grounds of its environmental viability.  The United States EPA is taking significant measures to limit four PFASs (poly and perfluorinated alkyl compounds) that are responsible for contaminating drinking water in at least twenty states across the nation. The move marks a remarkable influence of the regulatory framework in swaying the fluorochemicals industry trends.

U.S. Fluorochemicals Market Size, By Product, 2017 & 2024, (Kilo Tons)
 U.S. Fluorochemicals Market Size, By Product, 2017 & 2024, (Kilo Tons)

A major shift in the competitive landscape of fluorochemicals market is underway with  renowned biggies joining forces to come up with solutions that are in sync with the sustainability trends. Chemours’ strategic tie up with Arkema bears a testimony to the aforementioned declaration. Reportedly, the American fluorochemical industry giant has signed an agreement with Arkema for distributing XP40 in the European Union to address the growing GWP (global warming potential) refrigerants demand under the F-gas regulation. Not to mention, refrigerant applications contribute a chunk to the global fluorochemicals market share and is anticipated to exceed USD 30 billion by 2024.

For the record, Opteon™ XP40 by the Chemours Company is presently the most preferred choice among retailers, contractors, supermarkets, and distributors across the European belt, on account of its improved performance and sustainable environmental footprint. In fact, statistics depict that XP40 features nearly 65% reduction in GWP as compared to its contemporaries. With this agreement, the company is planning to expand the access of this breakthrough product across Europe fluorochemicals industry, which is expected to register 3% CAGR over 2018-2024.

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The growth spectrum of fluorochemicals market can also be credited to a rich product landscape comprising fluoropolymers, fluorocarbons, and inorganics & specialties. Grounding on estimation put forth by Global Market Insights, Inc., that claims fluoropolymers market size to reach USD 9 billion by 2024, it would not be incorrect to state that fluorochemicals market is set to gain tremendous remuneration opportunities from this vertical. Endowed with a barrage of unique features like high base resistance, non-adhesiveness, and superior electric properties, fluoropolymer applications span across semiconductor, aircraft, automotive, and domestic sectors.

It is imperative to mention that global fluorochemicals market has been experiencing a flux since a while now. High price trends of fluorocarbons subject to its phase out polices in parallel to its increased demand is somewhat creating a disproportion in the supply demand curve. In tandem, the dominance of stringent regulatory structure and the subsequent high compliance cost is also influencing the competitive terrain. In the face of this relentless regulatory pressure, established fluorochemicals industry giants, it has been observed, have been striving hard to bring technological advancements in the manufacturing processes with mergers & acquisitions as one of the most prevalent growth tactics.

The global fraternity is anticipated to record lucrative proceeds in emerging economies in the ensuing years, backed by the massive expansion of automotive and construction sectors. In fact, APAC, driven by India and China is projected to exceed a demand of 2.5 million tons by 2024. India alone is expected to surpass a revenue of USD 3 billion by 2024, with proliferating automotive and aluminum production bagging the growth credits.  All in all, with a rich product and application spectrum, the worldwide fluorochemicals market size is expected to register phenomenal growth in the coming years, surpassing a revenue of USD 70 billion by 2024.

Author NameSatarupa De

Increasing marketing budget by companies to spend on advertising campaigns in order to create brand equity is expected to drive PMMA market growth

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Global market Insights has announced release of new study based report on PMMA (Polymethyl Methacrylate). According to the report projected for period of 2015-2022, PMMA market size is forecast to surpass 3.1 million tons, at a growing CAGR of more than 6.3% by 2022. Growing expenditures in marketing and advertising campaigns is projected to fuel market growth during the expected time frame.

View a summary of the “Synthetic and Bio-based Polymethyl Methacrylate (PMMA) Market Size, Industry Analysis Report” @ https://www.gminsights.com/industry-analysis/synthetic-and-bio-based-pmma-polymethyl-methacrylate-market-size

The latest industry research report scrutinizes the PMMA market by different segments including regions, applications, companies, etc. over the projected time frame of seven years. This report provides a comprehensive overview of the PMMA industry comprising definitions, classifications, and market players in the industry chain structure. The qualitative and quantitative is offered for the market considering key development trends, competitive landscape, and crucial factors prevailing in the synthetic &Bio PMMA market.

The research report scrutinizes the global synthetic &Bio PMMA industry from 360 degree perception, taking manifold facets into consideration including segmentation, key developments, market overview, market growth and dynamics, market trends and future outlook, market opportunities, potential investment segment, competitive landscape etc.

Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market Size

Global bio PMMA market will witness higher growth rates and exceed 530 kilo tons by 2022 during the estimated time frame. PMMA market price trend is likely to prove a vital factor in market penetration for bio-based alternatives. Global advertising expenditure is anticipated to surpass USD 670 billion by 2022. Increasing demand for low emission, light-weight and fuel efficient vehicles is projected to boost growth.

Rising demand for LED flat panel display TVs, growth in sign and display segment, growing application scope in healthcare sectors are expected to impact the market growth positively. Fluctuating prices of raw materials are forecast to hamper PMMA market growth.

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Strict government rules and regulations to limit GNG emissions and control dependence upon reducing fossil fuels are anticipated to support bio based PMMA market growth. Rising investments in order to develop this technology is poised to open new growth avenues. Construction was accounted as the major application segment is anticipated to experience moderate growth at over 6.2% in the near future.

Asia Pacific dominated the revenue generation segment and is expected to witness substantial growth and hit USD 1.35 billion, owing to low production cost, cheap labor wages and large consumer base in China and India. Europe market is projected to experience below average growth rates up to 2022 owing to recent Euro crisis.

Key market players in the industry include Arkema (Atluglas International), Mitsubishi Rayon, Chi Mei Corp  and Sumitomo Chemicals, LG MMA, Dow Chemical,  Asahi Kasei, Kuraray and Polycasa.

Author NameDhananjay Punekar

Atmospheric water generator (AWG) market to chronicle a colossal CAGR of 30% over 2016-2024, driven by the pivotal factor of water resource depletion

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Water scarcity has taken on a serious turn for the worse in recent years, contingent to which, the growth of atmospheric water generator market has observed a new high. A research study published in 2016 claims that the Earth’s renewable freshwater entirely amounts to approximately 10 million cubic kilometers. While this figure may seem large from the context that it equals around 4 trillion Olympic-sized swimming pools (assuming around 2500 cubic meters per pool), it technically aggregates to lesser than 1%, compared to the water in glaciers and oceans. In effect, water source depletion is the crisis of the hour, in consequence to which it has become crucial for global regulatory organizations and regional governments to undertake a sustenance action for betterment. This has necessitated a huge demand for atmospheric water generators – devices that extract water from humid air, which will indirectly carve out a profitable growth map for AWG industry. Large corporations, it is reported, have also been collectively making efforts to develop newer technologies to combat water shortage. EcoloBlue, a key player in atmospheric water generator market, had made a crucial decision in late 2016, of supplying AWGs to Flint, Michigan to overcome water shortages in the region, demonstrating a vital instance of corporates taking on social responsibility.

 

U.S. Atmospheric Water Generator Market size, by application, 2013-2024 (USD Million)

U.S. Atmospheric Water Generator Market size, by application, 2013-2024 (USD Million)

The process of water extraction from ambient air does not seem to be contemporary. Back in the days of the yore, water was often condensed from thin air, by means of fog fences, air wells, and dew ponds. Borrowing the proverbial leaf out of these ancient books, major companies have been conceiving novel technologies to generate water from air. The efforts, for most parts, have borne fruit, as depicted by estimates – in 2015, atmospheric water generator market size stood at USD 800 million. This valuation can be credited to the ever-growing population demanding a consistent increase in freshwater supply, which has been depicting a shortage due to rainfall scarcity coupled with rising temperatures. This has gradually led to atmospheric water generator industry players pioneering innovative condensing & generation engines for AWGs, to extract water from humid air. It is to be remembered that this technology works best in temperate climates only, in moderate to high humidity. Nonetheless, the technology has been touted to be highly effective, and may combat the problem of water availability in the ensuing years, thereby propelling atmospheric water generator market.

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The contribution of a regulatory framework toward AWG industry growth:

The government has mandated a set of stringent regulations to be complied with, with regards to water shortage, which has undoubtedly provided a positive impetus to atmospheric water generator market.

  • The European Union has enforced the Drinking Water Directive to ensure clean, water supply to the European nations for commercial, residential, and industrial purposes.
  • The EPA and REACH have also mandated norms with regards to optimized water usage and safe water supply will also act as a catalyst to atmospheric water generator industry growth.
  • The WHO states that around 45% of the global pollution is caused by means of pathogenic microorganisms. In this regard, the U.S. government has launched the Safe Drinking Water Act in a bid to ensure clean water supply to the county’s populace, which will majorly impel AWG market.
  • The SDWA has also been formed to protect the quality of drinking water in the U.S. in order to focus on all the liquids designed for drinking – from above the ground as well as under the ground.

As per analysts, atmospheric water generator industry is projected to exceed a stupendous USD 8 billion by 2024, from merely USD 800 million in 2015, thereby enlisting AWG market in the coveted billion-dollar business space. Investors staking their claim in atmospheric water generator market will thus, stand to accrue substantial profits by the end of 2014 and beyond, given the projected pace at which AWG market has been evolving.

A rather succinct insight into the application landscape of AWG market:

  • AWGs find widespread applications across extensive end-use sectors such as construction, manufacturing, paper & pulp, oil & gas, and steel, which will invariably boost atmospheric water generator industry from industrial applications. As per estimates, this segment is projected to record a CAGR of 25% over 2016-2024.
  • Commercial avenues such as office buildings, multiplexes, malls, hotels, and military camps depict an enormous utilization scope for AWGs. Analysts claim France AWG market rom commercial applications to grow at a rate of 20% over 2016-2024, given the deployment of AWGs in theaters, malls, commercial properties, and army base camps.
  • The residential sector is one of the most lucrative segments of atmospheric water generator industry. In 2015, the segment was reportedly valued at USD 13 million. However, the expanding construction sector, growing population, and the subsequent necessity for housing will necessitate the demand for large-scale AWG installations. On these grounds, AWG market from residential applications has been forecast to register a CAGR of more than 30% over 2016-2024, with a valuation of over 100 thousand units in terms of volume, by 2024.

Atmospheric water generator industry share may be constrained on the grounds of high electricity consumption, increasing concern toward GHG emissions and high technology costs. Despite being a rather transformative technology, its deployment may face glitches at certain times. Certain units are likely to require more than 2.5 kWh per liter of power for operation, which may lead to problems in its deployment in areas with high electricity tariffs. Nonetheless, major AWG market giants such as Island Sky Corporation, Saisons Technocom and Watair Inc., Ecoloblue, Atlantis Solar, Fujian Yuxin Electronic, and Konia have been ramping up their efforts to conceptualize innovative technologies that may reduce GHG emissions and associated costs to a great extent, which will gradually catalyze atmospheric water generator industry share in the ensuing years.

Author Name : Saipriya Iyer

Rapid industrialization coupled with stringent environmental regulations to curb air pollutants is expected to drive pleated filters market

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The size of pleated filters market is anticipated to touch 326.0 million units till 2022 as predicted by Global Market Insights. It is rising at a compound annual growth rate (CAGR) of 6.5% between years 2015 to 2022. Strict regulations of environment because of degradation in the quality of air along with rising demand of energy saving are likely to boost the pleated filter market trend. Efforts for restricting the growth of air borne infection are also expected to fuel up the market.

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Accelerating demand of infrastructure especially in Middle East & Africa along with Asia Pacific is indicating towards booming future of HVAC systems. Construction spending of Asia Pacific countries namely India, China and Japan was anticipated as USD 427 billion, USD 1.78 trillion and USD 742 million respectively in the year 2013. Fuelling usage of HVAC systems along with switching from old air conditions is likely to expedite the pleated filters market share.

Pleated Filters Market Size

Apart from infrastructure, Asia Pacific countries namely India, China, Japan and MEA are observing great demand in vehicles. And this demand will bring a boom in filters, as they play a pivotal role in engines of automobiles. Also the demand of clean oil and great energy efficiency in automobile industries is likely to boost up the market.

Let’s take a look on some of the eye-catching figures, indicating the future of pleated filters:

  • Market of oil filters enjoyed greater than 10% of overall demand in the year 2014 and is anticipated to rise at an annual growth rate of 7% till 2022.
  • Commercial sectors which comprise of schools, buildings and offices have noticed 20% of overall demand in the year 2014 and are likely to grow over 6% till 2022.
  • Asia Pacific market of pleated filters dominated in the year 2014 and hence reached up to USD 3 billion.
  • Industrial applications noticed maximum installation, thus earning significant revenue of USD 3.5 billion in the year 2014. This sector has been emerged as a thriving segment because of demand in infrastructure development of power and cement industries. Limitations in emission along with HEPA standards are expected to drive the need for industrial applications.

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The global market of pleated filters has got an upsurge because of national as well as international participants. This market is anticipated to attract more business in near future due to emerging industries and economies. Major companies comprise of 3M Company, General Motors Company, The Strainite Companies, Donaldson Company Inc., Midwesco Filter Resources Inc, Columbus Industries, Camfil AB and Atlas Copco.

Author NameDhananjay Punekar

Increasing construction spending in emerging economies of Asia Pacific coupled with rapid industrialization is expected to drive polyurea market

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Polyurea market size is forecast to register surge at a CAGR of 4.8% and reach 249.6 kilo tons from 2015 to 2022, according to the new research by Global Market Insights. The report provides 7 year market projections with important analytical and statistical information on the global developments, technology shifts, industry structure, applications, market shares, key market players, industry dynamics, and critical market trends.

View a summary of the “Polyurea Market Size, Industry Analysis Report”

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The report provides:

  • An in-depth analysis of the global polyurea market.
  • Analysis of global market trends, with data from15, forecasts for 2016, and projections of CAGRs through 2022.
  • Detailed analysis of applications.
  • Exploring the latest trends and new technological advancements in the market.
  • Profiles of key market participants.

The polymer is obtained by the reaction of isocyanate compounds and synthetic resin polymer, through the technique of step-growth polymerization. It has distinctive properties like pigment compatibility, fast set-time, thermal stability, highly crack resistant, and superior water sensitivity.  It is processed to manufacture adhesives, lining systems, sealants and coatings and is widely used in numerous applications including construction, transportation, and industrial etc.

Polyurea Market Size

Finer advantages of this polymer like excellent elongation, long lasting, etc. over other substitutes like polyurethane and epoxy is anticipated to propel the industry. Growing investments in infrastructure expenditure are projected to boost polyurea market growth during the anticipated time frame. Furthermore, the favorable market price trend is poised to open avenues for niche applications and innovation. Increasing environmental safety measures, strict regulations for environmental pollution is likely to impel market trend in the near future.

Aromatic market size is anticipated to register highest gains by 2022. Aliphatic raw materials are likely to witness moderate growth at a projected CAGR of over 4% during the estimated time frame. Lining product is poised to observe growth at a projected CAGR of over 4% during the predicted period.

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The report covers the in-depth analysis of the market on a regional scale. Asia Pacific polyurea market is likely to continue its dominance and register highest gains over the next few years owing to the proliferation of protective coatings in industrial and automotive applications especially in China and India. The U.S. market share is anticipated to exhibit moderate growth at a projected   CAGR of over 4% by 2022.

The report features competitive landscape, business strategies and key trends of the market with profiles of key participants in global polyurea industry. Key players in the industry include Huntsman Corporation, PPG Industries, Bayer MaterialScience (Covestro), Specialty Products Inc., and BASF.

Author NameDhananjay Punekar

Rise in passenger vehicle sales to drive automotive air filters market growth

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Global market Insights has announced addition of a new study based report on automotive air filters market. The report estimates  this market to be worth USD 7.2 billion by 2022, at a growing CAGR of 8.1% from 2015 to 2022 owing to escalating demand for two wheelers and passenger particularly in BRICS countries because of growing disposable income and rising industrialization rate. The automotive air filters industry is largely determined by the trends in the automotive industry globally. Furthermore, increasing awareness regarding health disorders related to contaminated air and growing air pollution is also projected to positively impact the market growth. Growing air pollution is a key factor to drive the industry growth.

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The report covers comprehensive market overview including definition, application and segmentation on the basis of region, product, end-use, application and competitive landscape. The report includes in-depth analysis of the market with focus on key factors that influence the market like drivers, impediments, opportunities and challenges.

Growth of electric vehicle industry owing to its features like less maintenance, negligible gas emissions, and environment friendly is expected to influence automotive air filter demand. Advent of electric vehicles is likely to hamper automotive air filters industry growth.

Automotive Air Filters Market SizeCabin filters are projected to continue its dominance in the global automotive air filters product segment and witness substantial growth during the projected period. Intake filters are likely to upsurge at a projecyed CAGR of over 7% in the near future owing to rising consumer awareness about the long lasting automotive engines.
Passenger cars dominated the application segment and is expected to observe growth during the projected time frame owing to growth in tourist and personal vehicles. Light & heavy commercial vehicles are forecast to grow steadily.

Aftermarket is likely to dominate the end use segment with maximum gains over the anticipated period. The growth attributed to rising need of air filters replacements.

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Asia Pacific is projected to be the dominant region owing growth in automobile production growth in the region. U.S. market size is likely to register substantial growth over 8% by 2022.

Highly fragmented global automotive air filters market has witnessed frequent mergers and acquisitions. The report features competitive analysis of the key players with profiles, business strategies, current trends, and financial metrics listed in the report. The key players covered in the report include Denso Corporation, Cummins Inc., Lydall Inc., Ahlstrom Corporation, Parker Hannifin Corp., K&N Engineering Inc., Toyota Boshoku Corporation and Roki Co. Ltd.

Author NameDhananjay Punekar