Industrial

Low Smoke Halogen Free Flame Retardant Polypropylene Market to be majorly impacted by construction sector over 2016-2023, APAC to be a promising growth avenue

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The growth graph of Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market will observe an upswing owing to the adoption of key business strategies such as the launch of technological innovations and the development of unique, state-of-the-art products by vital manufacturers across the globe. A recent instance of aforementioned fact is that of ADEKA Corporation’s phosphorus flame retardants emitting lesser percentage of carbon emissions. The Underwriters Laboratories, a U.S. based safety consulting & certification firm, had verified and certified ADEKA Corporation’s marketing claim that its ADK STAB FP-2000 series products, phosphorus flame retardants, emitted 89% lesser carbon monoxide emissions along with 99% lower smoke under the flaming environment when treated with polypropylene (PP) sample as compared to the PP sample treated with bromide. The global business sector has witnessed an emerging trend towards the use of halogen-free flame retardants offering low smoke performance in surface finishes, textiles, plastics, coatings, and rubbers. Supported by such emerging technological trends, the usage of these flame retardants is slated to penetrate the indoor wiring, aerospace, appliance wiring, and railway sectors in the near future, thereby propelling low smoke halogen free flame retardant polypropylene industry share.

Europe low smoke halogen free flame retardant polypropylene (PP) market size, by application, 2012-2023 (USD Million)

Europe low smoke halogen free flame retardant polypropylene (PP) market size, by application, 2012-2023 (USD Million)

In June 2013, Addivant™ LLC, a global supplier of polymer modifiers, antioxidants, inhibitors, UV stabilizers, and polymer additives, had introduced a new kind of polymer modifier, referred to as Polybond, that helps halogen free polyolefin compounds substitute poly vinyl chloride in flame retardant cables. This resulted in the escalated popularity of halogen free polyolefin compounds across the building & construction, transport, house appliances, and electronic & electrical sectors, thereby providing a positive impetus to low smoke halogen free flame retardant polypropylene (PP) industry revenue.

Regulations governing low smoke halogen free flame retardant polypropylene market:

The risks of environmental damage associated with the emission of flame retardants have compelled government authorities across the world to introduce stringent laws, which can impede the growth of low smoke halogen free flame retardant polypropylene industry. However, the enactment of certain laws can also help prevent unnecessary accidents and impel the development of low smoke halogen free flame retardant polypropylene market.

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Halogen free flame retardants are best used for delaying the fire outbreaks in a rather effective manner and for regulating VOC emission levels. Alongside, it is prudent to mention that government authorities across the world have introduced new safety guidelines to curb fire eruptions, which will significantly propel low smoke halogen free flame retardant polypropylene market in the ensuing years. Global Market Insights, Inc., has forecast low smoke halogen free flame retardant polypropylene industry to grow at a rate of over 8.5% during the period from 2016 to 2023.

Elevated demand for halogen free flame retardants offering low smoke performance will steer North America low smoke halogen free flame retardant polypropylene (PP) industry over the next few years. The region accounted for more than 30% of global industry size in 2015, with the United States being one of chief revenue contributors.

Asia Pacific low smoke halogen free flame retardant polypropylene (PP) market is predicted to make substantial contributions toward the regional landscape over the years ahead. As per analysts, the region is forecast to record a CAGR of 8.5% over 2016 to 2023. The escalating growth in the number of construction and infrastructure ventures across the countries such as India and China is anticipated to favorably leverage low smoke halogen free flame retardant polypropylene (PP) market. For instance, government spending on the construction projects in China was estimated at more than USD 1.63 trillion and will rise to manifold over the coming timeframe.

Most of the players operating in low smoke halogen free flame retardant polypropylene market have exhibited an interest in the development of new flame retardant products for the electrical & electronics, automotive, packaging, construction, industrial, and labelling sectors, by tailoring the product to suit their growing business requirements. Speaking of which, some of the noteworthy firms that are forecast to influence low smoke halogen free flame retardant polypropylene (PP) market share include Albemarle Corporation, BASF Corporation, FRX Polymers Incorporation, ICL, E. I. Du Pont de Nemours and Company, PolyOne Corporation, Chemtura Corporation, Nabaltec AG, Thor Group Limited, RTP Company, Clariant, Lanxess A.G., Huber Engineered Materials, Koninklijke DSM N.V., and Delamin Limited.

Author Name : Dhananjay Punekar

Dimethyl Ether Market to acquire maximum gains via transportation fuel application over 2016-2024, Asia Pacific to drive the industry share

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A prominent factor facilitating the commercialization of Dimethyl Ether Market is the increasing proliferation of the product as an alternative transportation fuel. With the growing concerns over energy security, environmental pollution, and future oil supplies, the global population is seeking for non-petroleum-based alternative fuels that would optimize the energy consumption. Owing to its ability to considerably reduce SOx, C0x, and other particulate matter emissions, the potential impact of DME as an alternative high-efficiency ignition fuel is huge compared to other fuel counterparts. These fuels’ amenability of easily blending with LPG without hampering the resultant byproduct is escalating dimethyl ether market demand. The LPG-DME blend makes it one of the most attractive options of transportation fuel both for petrol as well as diesel engines. As per a report by Global Market Insights, Inc., “Dimethyl ether market is projected to almost double its revenue share from its base valuation of USD 5 billion in 2016, with an estimated CAGR of 9.9% over 2016-2024.”

U.S. Dimethyl Ether Market size, by application, 2013-2024 (USD Million)
U.S. Dimethyl Ether Market size, by application, 2013-2024 (USD Million)

The eco-friendliness of dimethyl ethers can be majorly given the credit for the market’s remarkable expansion across automotive as well as domestic sectors. Regulatory norms initiated by the government pertaining to minimization of carbon emission has significantly complemented the business landscape in this domain. The overall growth of dimethyl ether market from transportation fuel is expected to witness maximum growth with 14% CAGR over 2016-2024. However, in comparison to diesel fuel, DME has a lower viscosity level which may act as a roadblock in the growth path of the market. Regionally, Europe dimethyl ether market is highly influenced from this application domain with expectations to grow over 10% CAGR over 2016-2024. Growing investments by the automakers in low emission vehicles are favoring the business landscape. Ford Motors, for instance, is noticeably investing significant capital in the research activities pertaining to advanced internal combustion engines.

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Aerosol propellants is another niche application domain contributing significantly toward the global dimethyl ether industry share. This application domain already held a billion-dollar business in 2015. Relatively low cost, low toxicity, high efficiency, and extensive boiling point and vapor pressure range are some of the characteristics of DME that allows the products’ widespread adoption in aerosol propellants.

Bio based and fossil fuels are the two major bifurcations of dimethyl ether market based on the raw materials used. Increasing demand for cleaner fuel both for domestic as well as industrial purposes is fueling bio-based dimethyl ether market demand. Furthermore, increasing penetration of this product in aerosol propellant applications is leaving a proportional impact on the market dynamics. As per estimates, the biobased market is slated to grow substantially at an annual rate of 11% over the coming seven years. Volatile crude oil price trends along with easy availability of natural gas are the two major factors propelling the market growth. With a projected CAGR of 8% over2016-2024, fossil fuel based dimethyl ether market is expected to witness steady gains in the years ahead.

Asia Pacific market led by China and India holds a prominent position in the global dimethyl ether industry, subject to its major revenue contribution toward the overall share in 2015. The growing population of China and the extensive product usage for domestic purposes are the two major grounds influencing the regional market growth prospect.  In addition to this, the expanding production base with extensive capacities is also allowing  Japan to stand as a strong contender in the APAC dimethyl ether market.

Dimethyl ether is a fuel with minimum lubrication property. Due to this, traditional injection systems and fuel delivery cannot be used in conjunction with it. Though this compatibility issue is acting as a major hindrance to growth trajectory of the market, however, oscillating crude oil price trends which is pushing the consumers to opt for a substitute, is providing lucrative business opportunities for dimethyl ether market. Some of the prominent industry players include Akzo Nobel NV., China Energy Ltd, Korea Gas Corporation, Mitsubishi Corporation, and Royal Dutch Shell PLC.

Author Name : Satarupa De

North America insulated concrete form industry to experience high growth prospects over 2016-2024, surging requirement from residential applications to spur the regional demand

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Insulated Concrete Form Market size is expected to rise prominently, driven by escalating demand for green construction across the residential and commercial sectors. The ability of the product to provide material strength, sound absorption, high indoor air quality, fire protection, energy efficiency, and ecological sensitivity to the buildings will generate profitable avenues for the business. Manufacturers have recognized the importance of minimizing operating costs, which will play a crucial role in shaping the industry trends in the next few years. The Federal and State governments are also contributing toward the business expansion. For instance, the European Union has introduced new building codes to be agreed upon by the construction sector. Even the U.S. government has implemented energy conservation programs. These initiatives are sure to leverage the business expansion. As per Global Market Insights, Inc., “Insulated concrete form industry, which collected the revenue of USD 470 million in 2015, is set to surpass USD 970 million by 2024.

U.S. Insulated Concrete Form Market size, by application, 2013-2024 (USD Million)

U.S. Insulated Concrete Form Market size, by application, 2013-2024 (USD Million)

 

The worldwide construction sector is expected to hit USD 15 trillion by 2030, with the U.S., India, and China contributing nearly 57% towards the overall construction spending. APAC is predicted to make notable contributions toward the global construction sector, which in turn will stimulate the development of insulated concrete form market. Asia Pacific insulated concrete form market is likely to make notable gains of over 10% during the period from 2016 to 2024. The growth can also be attributed to high consumer inclination towards the usage of PU foam based insulated concrete form across the construction sector. PU foam based insulated concrete form market contributed over USD 15 million to the APAC industry revenue in 2015.  India, China, Japan, and Australia were the major regional revenue pockets.

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North America insulated concrete form industry is anticipated to expand remarkably over the years ahead, subject to growing consumer preference toward green buildings. U.S. insulated concrete form industry from the residential sector was worth USD 100 million in 2015, is likely to drive the regional growth over the coming years. Insulated concrete form market in Europe is expected to witness a high surge in the future, having attained a revenue of more than USD 120 million in 2015.

Insulated concrete forms also find extensive applications across the infrastructure and industrial sectors. Industrial applications are expected to grow at a CAGR of more than 10% over 2016-2024, driven by strict government rules favoring infrastructural development along with increased funding for commercial construction projects. Residential applications, which accounted for more than 55% of insulated concrete form market share, are forecast to gain a sizable revenue over the coming seven years. Nearly 80% of insulated concrete forms find applications across residential sectors – ICF market from residential applications are slated to reach a targeted revenue margin of USD 500 million by 2024.

Cellular concrete, polyester foams, cement bonded polystyrene beads, polyurethane foams, and cement bonded wood fibers are some of the major products of insulated concrete form market.

Polystyrene foams, which accumulated USD 300 million in 2015, are expected to make significant contributions toward insulated concrete form market revenue over the span of few years. Favorable product characteristics such as longevity and fire & heat resistance are expected to drive the business landscape.

Polyurethane foam industry, which accrued a revenue of more than USD 100 million in 2015, is expected to contribute remarkably toward insulated concrete form industry share in future. Growing product popularity across ICF constructions is expected to drive the revenue.

Manufacturers will try to acquire maximum share in this highly competitive insulated concrete form market through product differentiation, mergers & acquisitions, and new product launches. Quad-Lock Building Systems Limited, Airlite, Logix Insulated Concrete Forms Limited, IntegraSpec ICF, Nudura Corporation, Superform Products Limited, Plasti-Fab Incorporation, and BuildBlock Building Systems are the major players of insulated concrete form industry.

Author Name :Dhananjay Punekar

Digital genome market to observe lucrative gains via R&D sector, U.S. to stimulate industry growth over 2016-2024

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On-going research activities along with supportive regulations across the globe will revolutionize digital genome market. The growing implementation of this technology in the field of personalized medical care for efficient disease management will noticeably favor digital genome industry share. According to the Global Market Insights, “Worldwide digital genome market was worth USD 20 billion in 2015 and will exhibit a CAGR of about 9.5% over the coming years of 2016 to 2024.”

The prominent applications of digital genome industry are microbiology, reproductive & genetic, research & development, transportation, and livestock & agriculture sectors. Microbiology application segment accounted for more than 22% of the revenue share in 2015 and will surpass a revenue collection of USD 10 billion by 2024. The growing demand for microbes across clinical, biological, and industrial sectors should drive the revenue. Research & development dominated the application landscape in 2015 and will contribute a revenue of more than USD 23 billion by 2024. The growth can be attributed to heavy investments by private and public sector firms in research activities.

Germany Digital Genome Market size, by product, 2012-2024 (USD Million)
Germany Digital Genome Market size, by product, 2012-2024 (USD Million)

Sequencing and analysis software, one of the product bifurcations of digital genome market, will register an annual growth rate of 9.8% over the period of 2016 to 2024, owing to the increasing efforts to upgrade software packages. High investments in life science research will favor sequencing and analyzer instrument industry, which covered more than 40% of the global digital genome market contribution in 2015. Sample prep instruments, sequencing chip, and RNA or DNA analysis kits are the other notable products in digital genome industry.

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China digital genome market size will grow at an annual growth rate of more than 10% over the period of 2016 to 2024. The growth can be attributed to the supportive governmental activities in the favor of human genetic development. Moreover, the strategic partnerships between the biobanks and research institutes will influence the industry share noticeably.

U.S. digital genome market covered over 80% of the North America regional share in 2015 and will generate significant revenue over the coming seven years, owing to the genome sequencing technological enhancements along with availability of advanced healthcare infrastructure.

Brazil digital genome market is anticipated to record a considerable growth rate over the coming timeframe. The supportive rules and regulations regarding genetic and clinical testing will augment the business growth.

Russia digital genome market collected a revenue of around USD 290 million in 2015 and will exhibit lucrative growth over the coming years of 2016 to 2024, primarily driven by the fierce competition prevalent in the region. The Genome Russia project launched by St. Petersburg State University in Russia, aims to collect and scrutinize genome sequences from different regions across the country, which is also expected to generate a noticeable revenue over the coming seven years.

Collaborations, acquisitions, and novel product innovations are the business growth strategies of industry giants. The corporations operating in digital genome market are Becton Dickinson, Agilent Technologies, Qiagen, Thermo Fisher Scientific, Illumina, Pacific Biosciences, Perkin Elmer, Sigma-Aldrich, BioMarin Pharmaceutical, Fluidigm Corporation, Bio-Reference Laboratories, AVEO Oncology, and Agios.

Author Name :Sunil Hebbalkar

U.S. to drive sludge dewatering equipment market growth over 2016-2024, rising concerns regarding ecological damage to boost the regional revenue

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Strict government measures addressing the most vital issues pertaining to waste disposal will upswing sludge dewatering equipment market growth. The U.S. Solid Waste Disposal Act of 1965 forbids landfilling, waste disposal oceans, and sludge burning. Rising volumes of sludge, especially in the urban areas has caused enormous ecological deterioration, prompting the necessity of effective sludge disposal. Emerging wastewater treatment chemicals sector is forecast to have a significant influence on the industry revenue. As per Global Market Insights, Inc., “Sludge Dewatering Equipment Industry, which accumulated a revenue of USD 3 billion in 2015, is slated to surpass USD 4.9 billion by 2024.”U.S. Sludge Dewatering Equipment Market size, by application, 2014-2024 (USD Billion)

U.S. Sludge Dewatering Equipment Market size, by application, 2014-2024 (USD Billion)

U.S. Sludge Dewatering Equipment Market size, by application, 2014-2024 (USD Billion)

Escalating demand for sludge dewatering equipment across the horticulture, cement production, farming, mineral processing, and mining sectors has encouraged new entrants to enter the business. This has helped established industry players to focus more on business expansion through strategic alliances and product innovations. The aforementioned factors have contributed substantially towards sludge dewatering equipment market growth.

Sludge dewatering equipment makes use of prominent technologies such as screw disc, belt filter press, centrifuges, and rotator disc. Centrifuge technology, which contributed more than USD 800 million to sludge dewatering equipment industry revenue in 2015, is predicted to register an annual growth rate of 5% over the period of 2016-2024. Municipalities prefer this technology to dispose sludge wastes.

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Rotator disc technology, which accounted for over USD 600 million of the overall industry share, is forecast to observe robust expansion in future. Extensive R&D activities for introducing convenient and cost-effective equipment will further impel the industry growth. Sludge dewatering equipment market revenue from screw press technology is expected to hit USD 1.5 billion by 2024. The rising need to effectively dispose industrial wastes within a shorter span is expected to raise the demand for this technology. Belt filter press technology is projected to contribute over USD 600 million to the overall revenue by 2024.

Sludge dewatering equipment find applications across industries and municipal corporations. Industrial applications are forecast to surpass USD 2 billion by 2024 as a result of the chemical and manufacturing sectors contributing toward large waste heaps. Sludge dewatering equipment industry size in municipal corporations is expected to grow at a CAGR of 4% during the period from 2016 to 2024. Stringent rules to eradicate domestic wastes coupled with proficient waste processing management will benefit the business landscape.

Considering the geographical trends, North America sludge dewatering equipment industry is anticipated to register a CAGR of 3% over the coming seven years. Increasing awareness about the adverse effects of environmental pollution on human health along with strict norms prohibiting inappropriate disposal of wastes will augment the regional expansion. The large presence of sludge dewatering units in the region will further contribute towards the industry growth. U.S. sludge dewatering equipment market, estimated at USD 1 billion in 2015, is likely to drive the regional revenue.

Europe sludge dewatering equipment market is expected to grow considerably over the span of few years. The growing menace of pollution due to sludge waste along with low land availability for waste disposal will be the key growth drivers. UK and Germany are projected to be the chief contributors toward the regional growth. Germany sludge dewatering equipment industry is forecast to record a CAGR of 4% over 2016-2024, while UK industry is forecast to hit USD 450 million by 2024.

China sludge dewatering equipment industry, which is likely to exceed a revenue of USD 400 million by 2024, will propel APAC market. South Africa sludge dewatering equipment industry is projected to register significant gains of 6% during the period of 2016 to 2024.

Phoenix Process Equipment Company, Alfa Lava AB, Palmetto Water Solutions LLC, Andritz AG, J.M. Huber Corporation, Dewaco Limited, Aqseptence Group, and The Hiller Companies Incorporation are the key participants of sludge dewatering equipment industry.

 

Author Name :Dhananjay Punekar

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

Changing lifestyles of consumers along with growing demand for insulation is expected to drive flooring market growth

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Flooring market size is forecast to exceed USD 400 billion by 2022, at a growing CAGR of 6.8% from 2015 to 2022, according to a new study base report launched by Global Market Insights Inc. Factors like rapid development in infrastructure, changing lifestyles of consumers, and increasing demand for insulation are anticipated to propel demand growth during the projected time frame. Investment in infrastructure and capital projects is expected to witness a substantial growth in next few years. Furthermore, durable and innovative flooring is expected to fuel the market growth by 2022.

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The report features:

  • Overview of the industry, including definitions and classification
  • A comprehensive assessment of the market
  • Facts, thoughtful insights, industry validated and statistically-supported market data
  • Market segmentation on the basis of product, application, geography and competitive market share
  • Market forecasts and estimates for the predicted time frame
  • In-depth analysis with market trends, key participants, company profiles, business strategies
  • Identifies aspects such as drivers, impediments, opportunities and challenges that will impact the market

Flooring forms vital aspect of any residential and commercial structure. Demand for durable, low maintenance, affordable yet visually appealing products has led to innovation in the industry for products that will provide comfort and are value for money.

Flooring Market Size

Soft coverings product segment is likely to hit USD 150 billion at a growing CAGR of 6% during the expected time frame owing to multiple benefits offered including noise-reducing effect, dust-binding characteristics, superior insulation, pleasing aesthetics, etc. Resilient flooring market is expected to be the fastest growing product segment from 2015-2022, at a growing CAGR of 7.5% by 2022.

Residential sector is forecast to continue its dominance in application segments over the predicted period attributed to replacement demand in this sector. Furthermore, commercial segment is expected to surpass USD 170 billion by 2022 over the expected period.

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The report covers analysis on a regional scale. Asia pacific market size is expected to be the top region and hit 180 billion by 2022. The Chinese commercial and residential construction sector is expected to witness the growth. North America market is expected to be worth USD 69 billion in next few years.

Mohawk Industries, Shaw Industries, Interface and Beaulieu of America are the key market participants in the industry profiled in the report. Congoleum, Armstrong World Industries, Interface Inc, Polyfor Ltd, Mannington Mills Inc, and Pergo are some other names in the industry.

Author NameDhananjay Punekar