Expanding transport industry to offer high growth prospects for coated fabrics market
Extensive use of coated fabrics in manufacturing air bags as well as seat covers in automotive sector along with strict government norms addressing the safety concerns of factory workers is expected to drive global coated fabrics market growth. According to Global Market Insights, Inc., “Coated fabrics market share worth USD 18 billion in 2015, is predicted to reach USD 27.4 billion by 2024, registering a CAGR of 4% over 2016-2024.” Growing demand for coated fabrics from OEMs to manufacture motor vehicle upholstery, convertible tops, spare tire covers, headliners, and heavy-truck covers is predicted to boost the industry growth over the next few years.
U.S. Coated Fabrics Market size, by application, 2013-2024 (USD Million)
Growing vehicle sales in Thailand, Indonesia, China, and India are expected to enhance the popularity of coated fabrics in automotive sector. Consistent efforts to improve the aesthetic appearance of seat cover designs are expected to boost the product demand over coming years. Global industrial protective clothing expenditure worth USD 5 billion in 2015, is anticipated to grow at a rate of 14% over the period of 2016-2024, owing to favorable government policies ensuring employee safety in industries. Food processing, medical, agriculture, defense, law enforcement, and chemical processing industries provide protective clothing to their workers to protect them from heat, biological pollutants, chemicals, and ecological hazards.
Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/764
Coated fabrics find myriad applications in protective clothing, furniture, and transport sectors. Coated fabrics market size in transport industry worth USD 6 billion in 2015, is expected to witness a high growth over the period of 2016-2024 owing to its increasing use in marines, automobiles, and aviation sectors. Its application in protective clothing sector is expected to grow at a rate of 4% over 2016-2024. The growth can be attributed to standardized factory regulations ensuring worker safety by mandating the use of protective clothing for workers to protect them from accidents occurring during the working hours. Coated fabrics application in furniture industry worth USD 1.9 billion in 2015, is projected to witness a high surge over the period of 2016-2024.
Major coated fabric products comprise fabric backed wall coverings, polymer coated fabrics, and rubber coated fabrics. Polymer coated fabrics market price worth USD 17 billion in 2015, is expected to witness significant growth over the coming eight years owing to high demand for air bags and protective clothing in manufacturing industries. Rubber coated fabrics industry size is forecast to exceed USD 2 billion by 2024, driven by its favorable properties such as elasticity, durability, and resistance to degradation. High product demand can also be attributed to its growing application in food conveyor belts, gymnasium mats, storage bags, aprons, lifeboats, truck covers, and protective garments. Fabric wall backed covering market is projected to witness a noticeable growth over the coming years due to heavy spending on public infrastructure and growing consumer inclination towards home interiors.
Europe coated fabrics industry size worth USD 3 billion in 2015, is expected to witness a considerable growth over the period of 2016-2024. Strict government compliances related to worker safety coupled with standardized norms associated with passenger safety are expected to drive the regional growth. Germany, UK, and France are the major regional revenue contributors.
Asia Pacific market is predicted to record a CAGR of 4% over 2016-2024, owing to its growing demand in transport industry and protective clothing applications. Furthermore, the growth can also be credited to the presence of many manufacturing firms in the region. Malaysia, China, India, and South Korea are predicted to contribute substantially towards the regional growth over the coming years.
North America market is forecast to witness a noticeable growth over the coming eight years, due to growing product demand in the automotive industry along with large-scale use of protective clothing in oil & chemical industries. U.S. is expected to be a major contributor towards the regional share.
Latin America coated fabrics industry is projected to witness highest gains over 2016-2024 owing to high growth of motor vehicle industry. Brazil and Argentina are predicted to make substantial revenue contributions in the near future.
Middle East & Africa (MEA) market is expected to grow considerably over the period of 2016-2024 due to the presence of large construction projects along with strict rules regarding worker safety in factories. UAE, Saudi Arabia, and Kuwait are expected to drive the regional growth.
Market players will try to increase their revenue through product & technology innovation and mergers & acquisitions. Key industry participants include Takata Corporation, Omnova Solutions Incorporation, Trelleborg AB, Saint-Gobain, and Canadian General Tower Limited.
Author Name : Dhananjay Punekar
This entry was posted in Polymers and Advanced Materials and tagged By Application, Coated Fabrics Market Size By Product, Competitive Market Share & Forecast, Growth Potential, Industry Analysis Report, Price Trend, Regional Outlook.
Paints and coatings industry to lead global rheology modifiers market
Rheology modifiers are the materials (organic or inorganic) which are used to control the rheology (flow) properties of the fluid formulations. These compounds have gained significant importance worldwide, driven by their huge set of applications across various end use industries such as Paints & Coatings, Adhesives & Sealants, Personal Care, Pharmaceuticals, Textiles, Pulp & Paper, and Construction. According to Global Market Insights, Inc., “Global rheology modifiers market having had a worth of USD 4.9 billion in 2015, is estimated to surpass USD 6.83 billion by 2024.”
Paints & coating industry, which is forecast to exceed USD 210 billion by 2024, is estimated to be the most lucrative sector for this billion-dollar market over the coming period. Paints and coatings industry accounted for nearly 30% of the global rheology modifiers share in 2015. These modifiers are witnessing a huge demand across this industry, owing to their ability to improve the durability, consistency, emulsion stability, leveling, and anti-sagging properties of the paints. The increasing urbanization coupled with the growing automotive and construction industry is favorably impacting the paints & coatings market, which in turn will drive the rheology modifiers market size.
U.S Rheology Modifiers Market share, by application, 2013-2024 (USD Million)
Personal care industry, which is yet another booming industry, is also a vital driving factor for rheology modifiers market. personal care industry, having had a market value of USD 580 billion in 2015, is estimated to surpass USD 790 billion by 2024. This growth will in turn boost rheology modifiers market owing to its rising demand across various personal care products to impart desirable properties such as suspension, consistency, and stabilization to these products. Inorganic modifiers are mainly used for the personal care industry. Rheology modifiers application in the personal care industry is estimated to grow at a CAGR of 3.5% over the period of 2016-2024.
Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/777
The growing geriatric population and the rising health awareness among the consumers is boosting the pharmaceutical market globally. These modifiers are in turn witnessing a huge growth owing to their applications in the pharmaceutical industry as additives in semi-solid formulations like ointments, lotions, syrups, etc. Organic modifiers such as polyurethane, acrylic polymers, xanthan gum, microcrystalline cellulose, and guar gum are used in pharmaceutical applications. Organic rheology modifiers market size is estimated to witness a CAGR of 3.5% over 2016-2024.
The paper industry is also a significant contributor towards this market. However, the growth in this sector is sluggish due to the growing digital trends which has reduced the growth of paper industry. Moreover, the fluctuating crude oil prices may also negatively impact rheology modifiers industry growth, crude oil being the essential raw material for these compounds.
The growth in the end user industries across the globe will fuel rheology modifiers market size. US, being the largest hub of the geriatric population, is estimated to account for a significant share in the rheology modifiers market. Moreover, the growth of the pharmaceutical and personal care industries in US will also drive the regional revenue.
Asia Pacific market, which accounted for 35% of the global revenue in 2015, is estimated to register a CAGR of over 4% over 2016-2024. Rapid industrialization coupled with the expansion of automotive and construction industry are the major driving forces behind APAC rheology modifiers market growth.
The industry is highly fragmented with key market participants comprising Ashland, Arkema Group, BASF SE, DOW Chemical Company, and Lubrizol Corporation
Author Name : Shikha Sinha
This entry was posted in Bulk & Specialty Chemicals and tagged Competitive Market Share & Forecast, Growth Potential, Industry Analysis Report, Price Trends, Regional Outlook, Rheology Modifiers Market Size By Product.
Rising demand for sterilization of surgical instruments to drive chemical indicator inks market growth
Sterilization processes are mostly used to sterilize and disinfect surgical equipment owing to its direct patient contact during surgery. The growing use of these processes to prevent hospital- acquired infections will promote the growth for chemical indicator inks over the coming years. As per Global Market Insights Inc., “Chemical Indicator Inks Market size worth USD 35 million in 2015, is anticipated to reach USD 78.30 million mark by 2024, growing at a CAGR of 7% over the period of 2016-2024.” In addition to this, advanced sterilization processes such as vaporized hydrogen & plasma, steam, ethylene oxide, and formaldehyde are predicted to further stimulate the industry growth over the coming years. The global surgical instrument industry produced a revenue over USD 5.5 billion in 2015 and is expected to boost chemical indicator inks industry growth significantly.
U.S Chemical Indicator Inks Market size, by sterilization process, 2013-2024 (USD ‘000)
Sterilization processes have a great significance in surgical equipment industry and is classified into steam, formaldehyde, vaporized hydrogen & plasma, and ethylene oxide process. Steam sterilization process produced revenue of USD 15 million in 2015 and is mostly preferred in medical sterilization application as it is nontoxic, sporicidal, microbicidal, heats quickly, and penetrates fabrics.
Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/769
Ethylene oxide sterilization process is anticipated to record a CAGR of 8% over the period of 2016-2024 owing to its use in pharmaceutical & medical products sterilization as well as its use in low temperature applications. Formaldehyde sterilization process is projected to record a CAGR of 7% over the forecast timeframe, owing to its use as a disinfectant for deactivating microorganisms through alkylation.
Global chemical indicator inks market is primarily driven by its applications in thermoformed trays, sterile bags, tapes, sterile bottles, IV & blood containers, pouches, refillable syringes, and tags & labels. They are also used in canned foods like fish & meat to provide information about the sterilization process completion and thus avoid excessive overheating of foods resulting in retention of food nutrients. Chemical indicator inks demand in Sterile bags applications was over USD 3.5 million in 2015 and is predicted to increase over the forecast period.
Water-based chemical indicator inks market is predicted to witness highest gains at 8% over the forecast period owing to strict government norms favoring solvents such as water due to their ecofriendly features.
North America chemical indicator inks market worth USD 13 million in 2015, is predicted to witness a significant growth over the forecast timeline due to growing geriatric population leading to heavy product demand for sterilization monitoring in the healthcare industry. U.S. market worth size worth USD 13 million in 2015, is predicted to contribute significantly towards the regional growth over the forecast timeline. Europe chemical indicator inks market is predicted to record a CAGR of 8% over the period of 2016-2024 due to rising ecological concerns due to VOC emissions.
Key industry players include 3M, Terragene SA, NiGK Corporation, STERIS, North American Science Association (NAMSA), Riken Chemical, Crosstex International Incorporation, and gke GmbH.
Author Name : Dhananjay Punekar
This entry was posted in Bulk & Specialty Chemicals and tagged By Application, By Printing Process, By Product, Chemical Indicator Inks Market Size By Sterilization Process, Competitive Market Share & Forecast, Growth Potential, Price Trends.
A succinct outline of solar street lighting market in terms of governmental initiatives, India to witness phenomenal proceeds in the regional landscape
With solar power tending to hog most of limelight in the renewable energy mix, solar street lighting market finds itself amongst one of the most burgeoning industry spaces of recent times. Sharply declining component cost, growing manufacturing facilities, and the improving economic scenario outlines the business space’s key to opportunities and profitability. Statistics claim, in 2017 solar PV module prices experienced a decline of almost 80% from what it was recorded in the year 2010. Of course, the marketplace has observed a tremendous push from the rigorous initiatives undertaken by governmental organizations as well as private entities in sync with the global commitment toward climate change.
A couple of years back in 2016, Paris Climate Accord was signed under UNFCCC (United Nations Framework Convention on Climate Change) in a bid to address the increasing global temperatures. For the record, 195 countries as of now have voluntarily joined the sustainability agreement and promised to curtail GHG emissions. Not to mention, this kind of intercontinental clear energy projects is bound to generate a massive demand for advanced solar powered low energy consumed street lighting system, leaving a direct impact on the solar street lighting industry share.
Europe Solar Street Lighting Market size, by application, 2017 & 2024 (USD million)
In fact, the transformative trend has already made its presence felt in the business sphere, quite vividly conspicuous from the increasing number of initiatives undertaken worldwide with regards to its extensive deployment. For example, Central African country Gabon, has scarcely announced its plan of deploying nearly 5000 solar street lights across some of the rural as well as urban areas of the region. The project that made to the headlines this May recorded an initial installation in March (first phase) of nearly 50 solar power street lights across Libreville, Bitam, Avorbam, and Makokou, is reportedly shaping up rapidly. The initiative mainly comes on the heels of the country’s initiative to provide sustainable public lighting to rural belts, in the face of severe power shortcomings. In fact, if reports are to be relied on, the northern belt of Libreville claims to get benefitted from the project with almost 30 units of solar power. Envisaged by the regional government to produce electricity via renewable means, the project undoubtedly underlines the expansion of solar street lighting industry in recent years.
Get a Sample Copy of this Report: @ https://www.gminsights.com/request-sample/detail/770
India to significantly drive APAC solar street lighting market
Asia Pacific belt, of late, has emerged out to be one of the opportunistic hubs for the industry stakeholders. The region has exhibited tremendous proliferation in the renewable space, with solar energy at the pinnacle, which has also made it a potential contender in street lighting market. India, surprisingly is likely to standout in APAC solar street lighting industry, with an appreciable CAGR of 8% over 2018-2024. The growth can be primarily attributed to the regional governmental backing and investment in conventional street lighting refurbishment projects.
Unveiling the latest developments in India solar street lighting market:
- The NABARD (National BANK for Agriculture and Rural Development) has given official sanction to Arunachal Pradesh with regards to LED solar street lighting deployment. For the record, under its Rural Infrastructure Development Fund, the Administrative body has granted the state a hefty sum of USD 87.83 lakh. The project which is supposed to get implemented across Tirap, Namsai, Longding, and Tawang, will have a considerable impact on the regional solar street lighting market.
- Under the regional government’s initiative to electrify rural India, renowned lighting giant Philips won two extensive LED based solar street lighting contracts in India that has substantially boosted India solar street lighting industry share. The two projects, one for Manipur Renewable Energy Development Agency (MANIREDA) and the other for Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) mainly focus on conversion of energy based on renewable energy source. These two gigantic projects are deemed to light nearly 800 villages in Uttar Pradesh and some areas of Manipur with the deployment of nearly 76000 LED street solar lights.
Judging the aforementioned axioms, it wouldn’t be incorrect to state that solar street lighting industry is likely to witness remarkable monetary benefits across APAC. Other than India, China is claimed to be another potential revenue pocket, which held a valuation of USD 400 million in 2017. All in all, with appreciable number of countries inclining toward renewable space, in addition to the innumerable governmental efforts to deploy solar energy in public infrastructure, solar street lighting market is slated to exceed USD 5 billion by 2024.
Author Name : Satarupa De
This entry was posted in ENERGY, MINING, OIL AND GAS and tagged Competitive Market Share & Forecast, Growth Potential, Industry Analysis Report, Price Trends, Regional Outlook, Solar Street Lighting Market Size By Product.
Polymer industry to contribute towards the major Carbon Nanotubes(CNT) market share over 2016-2024
The carbon Nanotubes market has become a billion-value industry due to the high demand for these materials across various end use industries. Carbon nanotubes are allotropes of carbon having a cylindrical nanostructure and possess excellent properties, making it popular across electronics, optics, nanotechnology, and material science industries. Properties like high tensile strength and light- weight of these materials make them used widely across defense, aerospace, and electronics sectors.
As per a research report on Carbon Nanotubes Market by Global Market Insights Inc., “the global carbon nanotubes market worth USD 1.35 billion in 2015, is estimated to grow at a CAGR of 22.1 % over the period of 2016-2024, hitting USD 8.1 billion by 2024.” Wide applications of these materials across energy, electrical & electronics, and polymers industries are likely to drive the market growth over the forecast timeframe, says the report.
U.S. Carbon Nanotubes Market size, by application, 2013-2024 (USD Million)
CNTs exhibit exceptional tensile strength which is approximately 20 times higher than that of steel. Moreover, these materials are five times lighter than steel. For instance, CNT can be used in turbine wind blades to reduce the mechanical stress and impart higher strength, thereby increasing the overall efficiency. In addition, surging demand for light weight products in polymers and electronics industry will also favor the carbon nanotubes market share over the coming years.
Get a Sample Copy of this Report: @ https://www.gminsights.com/request-sample/detail/744
The basic raw materials used in the manufacturing of CNTs are ethylene, methane, and acetylene. Prolonged exposure to nanoparticles may result in chronic disorders, which may hamper the industry growth over the coming years. Moreover, high production and operational cost will also restrain the market share over the forecast timeframe.
CNT market will significantly expand owing to its applications in the polymer industry. The polymer industry contributed towards 50% of the overall CNT market share in 2015, and is expected to be the dominant application segment over the coming years.
Electrical & Electronics will be another major industry supporting the growth of CNT market over the next eight years. The industry will demand for high use of CNTs in a wide set of applications like forming p-n diode by chemical doping and polymer coating, building electronic devices like field effect transistors, and dispersing heat from computer chips owing to their incredible thermal transmission properties. Electrical & Electronics application segment is pegged to grow at a CAGR of 20% over the period of 2016-2024.
Carbon Nanotubes are mainly used in the form of either SWCNT (Single Wall Carbon Nanotubes) or MWCNT (Multi Wall Carbon Nanotubes). SWCNTs accounted only for a small portion of the overall carbon nanotubes market. These are mainly used in electrical applications owing to the high electrical conductivity exhibited by these materials.
MWCNTs accounted for 90% of the overall market share in 2015, and is expected to register a CAGR of 22% over the period of 2016-2024. The high growth is attributed to the excellent electrical, thermal, and mechanical properties possessed by these materials which makes them extensively used as polymers additives, catalysts, electron field emitters, gas-discharge tubes in telecom networks, lithium-battery anodes, nanotube composites, nanoelectrodes, etc.
The U.S. CNT market worth USD 340 million in 2015, is set to witness noticeable growth over the coming years, primarily driven by government investments in nanotechnology and growth in the polymer industry across this region.
The Asia Pacific CNT market is estimated to register the highest CAGR of 23% over the next eight years. Expansion of polymer and electronics industry in this region will be primarily driving the industry share. China, Japan, and India are set to be the major revenue pockets for the CNT market in APAC.
The industry is quite fragmented with a blend of large and small market players. Key industry players like Hanwha Nanotech Corporation and Arkema SA are backward integrated, where they manufacture raw materials required for CNTs. Other participants such as C Nano Technology Limited, Nanocyl SA, Raymor Industries, Thomas Swan & Co. Ltd., and Nanoshel LLC have adopted regional distribution strategies to address the high demand for CNTs in end-use industries.
Author Name : Shikha Sinha
This entry was posted in Polymers and Advanced Materials and tagged By Application, Carbon Nanotubes Market Size By Product, Competitive Market Share & Forecast, Growth Potential, Industry Analysis Report, Price Trends, Regional Outlook.