Metal

APAC Laser Materials Market to contribute significantly toward the global share, communication sector to drive the application landscape

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Considering the increasing proliferation of laser technologies in medical space, Laser Materials Market demand is undoubtedly set to grow substantially in the forthcoming years. Technological interventions have not only influenced laser materials portfolio but also have widened the application scope of the market. An exemplary transformation in the therapeutic model in terms of medical facilities has acted in favor of the business growth. For instance, shifting trend toward replacing non-laser technologies across various domains that include oncology, neurology, and dentistry has been immensely catapulting the market expansion over the years. Speaking of healthcare, laser technology has already gained a momentum in this space and with technological advancements, it is anticipated to unfold a series of new opportunities, leaving a subsequent impact on laser materials market.

Europe Laser Materials Market Size, By Application, 2013 – 2024 (USD Mn)
Europe Laser Materials Market Size, By Application, 2013 - 2024 (USD Mn)

Estimates depict, the industry will exceed a valuation of USD 1.7 billion by the end of 2024, with a projected CAGR of 5.5% over 2017-2024. Plastic technology is the latest thriving trend in laser materials market that is opening new avenues for the investors. With the continuous evolution of polymers and composite materials configuration, the technology is likely to penetrate deeper into the business. On that note, it is important to consider the unprecedented efforts the instrument manufacturers are taking in reducing the complexity of these devices, which again will prove to be favorable for laser materials industry outlook.

With digital disruptions globally, the volume of data has been exponentially increasing across various industries. Communication sector is one of the profound spaces witnessing the proliferating penetration of laser materials. Communication applications procured one-third of laser materials industry share in 2016. Military applications have been also gaining a traction lately. High demand for lightweight cost-effective armaments has resulted in the utilization of laser materials in this domain. Key market players are also investing in research activities to extend the product portfolio to win a competitive edge in the global landscape.

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Geographically, Asia Pacific is one of the significant regions partaking in the laser materials market. The expanded manufacturing base along with upgraded healthcare infrastructure are the prime factors driving the regional market.  China, Taiwan, India, And South Korea are the major countries contributing substantially toward the regional share. Increasing population in APAC is also a vital factor enhancing laser material market dynamics. With a significant contribution toward the overall revenue in 2016, APAC will continue to be a strong participant in the global laser materials market in the years ahead.

North America laser materials market is also anticipated to chalk a lucrative growth path, subject to the region’s progressive military terrain particularly in the U.S.  The country receives a huge amount of funding every year for laser weapons. With U.S. as a forerunner, North America laser materials industry in the coming seven years is slated to carve a profitable road map.

Laser technology undoubtedly is one of the most commendable innovations of the twentieth century. With a broader spectrum of application across the healthcare, military, and communication, laser materials market penetration has generated a remarkable momentum. Reduced material prices coupled with their reliability and enhanced lifespan are further pushing the laser materials market demand. Prominent industry participants include Asahi Glass Co., Ltd, Morgan Advanced Materials, BASF SE, Dow Chemical Company, GrafTech International, Taishan Fiberglass inc., CeramTec GmbH, Sinopec Shanghai Petrochemical Co., Ltd, Murata Manufacturing Co., Ltd., Anglo American plc., Mitsubishi Chemical Holdings Corp., Norilsk Nickel, Evonik Industries, Universal Laser Systems, Inc., and Corning Inc.

Author Name : Satarupa De

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UK electrostatic precipitator market to observe a notable growth rate over 2016-2024, rising implementation of power projects to spur the regional industry

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The global aim to control pollutant emissions occurring due to the rapid industrialization will tend to electrostatic precipitator market gaining considerable traction in the years to come. Leading providers of electrostatic precipitators are constantly attempting to improvise on the product offering to combat the rising carbon footprints in the atmosphere. For instance, recently GE Power India received a contract worth more than USD 2.37 billion from GE Power AG, to supply electrostatic precipitator components and CFB boiler of capacity 150 MW. Strict government directives imposed on industries to control the pollutant emission levels will act as a major driver for global electrostatic precipitator industry.

High consumer spending capacity in the emerging economies is likely to boost the growth of the construction and infrastructural sector in the region, which in turn will fuel electrostatic precipitator market. The high demand for uninterrupted power supply has led to the implementation of myriad power projects. However, the growing awareness regarding the harmful inhalation of Sulphur trioxide and other pollutants has also prompted power companies to look out for measures to control these emissions, which will drive electrostatic precipitator industry trends. Global Market Insights, Inc., states that electrostatic precipitator market size is slated to surpass USD 8 billion, growing at a y-o-y rate of 5% over 2016-2024.

U.S. Electrostatic Precipitators (ESP) Market Size, by application 2013-2024 (USD Million)
U.S. Electrostatic Precipitators (ESP) Market Size, by application 2013-2024 (USD Million)

Developing economies such as India and China are powerhouses for the growth of the construction and industrial sectors. This in itself is a strong driver for APAC electrostatic precipitator industry. Speaking of APAC, China held 3% of the regional share in 2015 and is anticipated to grow significantly over the period of 2016-2024, primarily driven by the rising implementation of coal fired power plant projects. To fulfill the demand for power supply, China plans to increase its electricity manufacturing capacity by 19% over the coming five years, which will claim the establishment of more power plants. This in turn, will stimulate the demand for precipitators, thereby fueling China electrostatic precipitator market.

Chile has begun to endorse mining activities for the development of the regional metal industry, which prompts the usage of electrostatic precipitators to absorb dust particles and metal shrapnel. Having held a value of over USD 30 million in 2015, Chile electrostatic precipitator market is expected to grow steadily over 2016-2024.

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With a contribution of more than 60% toward the regional share to boast of, U.S. electrostatic precipitator industry is projected to observe a reasonable growth over the years. The key factors that will account for this growth include the existence of strong market players in the region and the high demand for renovation projects.

Prime participants of electrostatic precipitator industry include Fujian Longking Co., Ltd., Mitsubishi Heavy Industries Mechatronics Systems, Siemens AG, GEECO Enercon Pvt. Ltd, Total Air Pollution Control Pvt. Ltd., Blacke-Durr GmbH, Trion Inc., Babcock & Wilcox Enterprises, Ducon Technologies Inc., Clean Tunnel Air International AS, Thermax Ltd., and Hamon Corporation. These companies aim to efficiently control the rising pollution levels by improving the product standards.

With reference to the products, electrostatic precipitators are mainly bifurcated as wet and dry. As the name implies, wet products are utilized to draw out wet, sticky, and highly flammable particles. These products make use of electrostatic forces to remove arsenic and lead particles, VOCs, or Sulphur trioxide fumes. With a filtering potential of 90%, wet products are applied in the textile, paper, and cement industries, owing to which electrostatic precipitator market from cement applications will observe a CAGR of 4% over 2016-2024.

Dry electrostatic precipitator industry was valued at USD 4 billion in 2015. These products filter out dry pollutants with more than 99% efficiency and possess the benefits of low cost and reduced maintenance. Increased usage of dry products in power plants and metal industries will spur dry electrostatic precipitator market, set to observe a CAGR of 5% over 2016-2024.

Global power demand is anticipated to increase by 45% by 2040. Growing demand for electricity and the subsequent installation of power plants will propel electrostatic precipitator industry from power plant applications, set to grow considerably from 2016-2024, with an initial valuation of USD 1 billion in 2015.

The ever-rising requirement for petroleum products such as LPG, asphalt, and diesel will push electrostatic precipitator market from chemical & petrochemical applications, which contributed to 20% of the overall share in 2015.

With the governments across the globe working in tandem to eliminate harmful pollutant emissions, global electrostatic industry is bound to witness an upsurge. Constant efforts by market players to introduce efficient ESPs will also change the market dynamics over the coming seven years.

 

Author Name :Saipriya Iyer

Asia Pacific to lead global door and window market over 2016-2024

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Door and window market share will grow noticeably over the coming seven years, owing to the growing infrastructure activities across the commercial and residential sectors. As per Global Market Insights, Inc., “Global door and window market collected revenue of more than USD 82 billion in 2015 and will exhibit an annual growth rate of 5.6% over the period of 2016 to 2024.” Several international agencies such as International Organization for Standardization (ISO) and International Code Council (ICC) are promoting the usage of eco-friendly products to reduce carbon footprints. In addition, the easy availability and affordability of these products will further stimulate the window and door industry outlook.

China window and door market size, by application, 2012-2024 (USD Billion)
China window and door market size, by application, 2012-2024 (USD Billion)

Commercial and residential sectors are the prominent application areas of the door and window market. Residential application collected over USD 45 billion revenue in 2015 and will grow lucratively over the coming timeframe, owing to the surging spending on construction activities to develop residential infrastructure. The government’s environment-friendly regulations along with growing demand for energy conservation will further drive the window and door industry noticeably.  Commercial application is projected to register an annual growth rate of 6.5% over the coming seven years, due to the growing adoption of the eco-friendly products across the sectors such as transport, healthcare, and retail.

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Door and window market is primarily segmented in terms of materials as wood, uPVC and metal. uPVC Window and door industry had a 33% share of the global market in 2015 and is anticipated to record a revenue of USD 47 billion by 2024, driven by the characteristics of the uPVC such as recyclability and lightweight. The uPVC material provides noise proof solution, which is one of the directive for constructive products. In addition, uPVC based products are recyclable, which will positively influence the material demand.

The metal based door and window market will exhibit a growth rate of 5% over the period of 2016 to 2024. The attributing factor is the cost-effective usage of aluminum.

Geographically, U.S. window and door industry worth USD 13.5 billion in 2015, will exhibit an annual growth rate of 6% over 2016 to 2024, owing to its increasing need for the commercial and residential sector.

European market players are developing window and door with acoustic insulation and permeability on a large scale. The constructive products directive formed by the European Union will drive the Europe door and window market size over the coming timeline.

Asia Pacific door and window market share is predicted to lead the global landscape, driven by its growing demand from India and China. China contributed more than 50% of the total revenue of the APAC industry size in 2015.

The market players are looking for mergers & acquisitions and partnerships to expand their business area. Most of the product development companies will focus on the comfort level of the customers to enhance their product portfolios. The key industry players in the door and window market are Eurocell, Andersen Corporation, Atrium Corporation, Corialis, YKK Corporation, Reynaers Inc, Schüco, Sapa Building Systems Ltd, and Pella.

Author NameSunil Hebbalkar

Rising old age population prone to physical injuries and facial fractures to drive craniomaxillofacial devices market demand

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Industry Insights

Craniomaxillofacial Devices Market size was evaluated at $1.15 billion for 2015 registering more than 6.81% of CAGR during forecast timeframe. Growing occurrence of facial fractures and sport injuries along with increasing demand for minimally invasive surgical operations like jaw replacement and facial reconstruction has contributed to industry growth.

Minimally invasive surgical operations are more preferred as they provide minimal recovery period, less trauma, minimum incision in human system and less occurrence of risks & complications. Increasing old age population more prone to risks of facial fractures as well as physical injuries is also predicted to make substantial contribution towards industry growth.

Launching of new techniques like utilization of robotic to help Craniomaxillofacial (CMF) surgery and use of bioabsorbable implant for fixing cranial are few of the aspects promoting industry growth during forecast timeline.

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Material Insights

The industry is segmented into various materials like ceramic materials, bioabsorbable materials and metals. Bioabsorbable materials utilized in CMF methods are copolymers and polymers which include biosorb PDX,biosorb FX and Poly Lactic-co-Glycolic Acid(PLGA).

Metals used in producing CMF implants are chromium, stainless steel, brass silver, vitalium and copper.

Product Insights

Global industry is segmented into different products like temporomandibular joint, cranial flap fixation, MF (Metal Fixation) plate & screw fixation, CMF distraction and bone graft replacement.

Cranial flap is used in skull replacement surgical operation and comprise superior & inferior disk and connecting rod. CMF distraction is utilized in methods like oncology, trauma reconstruction and orthagnathic surgical operation.

MF plate & screw fixation segment led the global craniomaxillofacial devices market share for 2015 by contributing more than $831 million. Growing craniomaxillofacial surgical operations owing to rising old age population and increasing demand for technologically modernized minimally invasive instruments are the factors predicted to push the growth of the segment.

Temporomandibular joint replacement segment is predicted to register 11.2% CAGR which is maximum across forecast timeline. The reason for the growth of the segment being growing amount of cosmetic surgical operations like jaw replacement and chin augmentation taking place globally.

Craniomaxillofacial Devices Market Size

Application Insights

ENT (Ear, Nose & Throat) and neurosurgery are the key application areas of the global industry. They are predicted to surpass $701 million mark by end of forecast timeframe. Growing amount of surgeries for treating trauma along with acceptance of deep brain stimulation methods are few of the aspects contributing to the growth of these applications.

Launch of surgical technique of navigation for ENT methods is further predicted to propel craniomaxillofacial market growth during forecast period.

Regional Insights

The industry is segmented into key geographical regions like Latin America, MEA, North America, APAC and Europe.

North America craniomaxillofacial devices market has led the global industry and is predicted to surpass $1.1 billion mark by end of forecast timeframe. Growing occurrence of facial defects and fractures owing to rapid urbanization are key factors driving industry growth in the region during forecast timeframe.

APAC industry is predicted to experience more than 8.81% revenue expansion during forecast timeframe. Countries like India, Japan and China are expected to contribute major revenue share of the industry. Further, presence of large old age population, high occurrence rate of orthopedic ailment and growing demand for minimally invasive surgical operation along with emerging healthcare infrastructure are few of the factors adding to the regional industry expansion.

Latin American industry was evaluated at $ 25.31 million for 2015 and is predicted to register more than 7.61% CAGR during forecast timeframe.

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Competitive Insights

Key industry participants profiled in the report include Stryker Corporation, W. L. Gore & Associates Incorporation, Integra LifeSciences, Medartis AG, Zimmer-Biomet Incorporation, Johnson & Johnson ,Medtronic Plc, TMJ Concepts, OsteoMed L.P., Kanghui Medical Innovation Company Limited, KLS Martin L.P. and Aesculap Implant Systems.

These industry participants compete with each other to retain leading position in the industry and gain maximum industry share.