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3 important trends driving concrete fiber market over 2019-2025

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The increasing demand for commercial infrastructure such as industrial floorings, airports, hotels and offices are driving concrete fiber market size. Additionally, the rising population leading to proliferating urbanization trends will also be a prime driver for improving the market outlook over the forecast period.Concrete fibers have proved their ability to improve durability of construction material used for commercial as well as residential projects. Each type of concrete fiber plays a vital role in augmenting the strength of construction frameworks, say, like minimizing the cracks to reinforcing the structure. On that note, some of the important end-use trends that are expected to drive concrete fiber market size over 2019-2025 are stated below.

Increasing product demand from residential applications owing to rapid urbanization:

The growing population across the Asia-Pacific will create the necessity for new housing development projects, which will propel the residential end-use segment of the concrete fiber market. The developing economies like India and China will account for a majority of the market share owing to the increasing population along with the socio-economic development. The rise in per capita income of the middle-income group attributed toward the industrial development in the region will also stimulate concrete fiber market growth.

The economic growth of the Asia Pacific holds the key to the expansion of concrete fiber industry size in the region. According to UN, 17 of the world’s 28 megacities in 2014 emerged from the Asia-Pacific, which showcases the huge potential for the regional concrete fiber market. Moreover, the organization predicts over 22 megacities to arise from the region by 2030. Eventually, the growing number of megacities will require an upgrade of residential and commercial infrastructure, which will drive concrete fiber market trends.

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In April 2019, The World Bank Group and Cagamas (National mortgage corporation of Malaysia) recently held a Conference on “constructing and financing affordable housing across Asia”, in Kuala Lumpur, Malaysia. The event participants showcased innovative solutions and new technologies for addressing the challenges faced in the expanding urbanization, along with some brief discussions on the measures to achieve affordability for middle income groups. The incidence is an apt example validating the potential concrete fiber industry holds, in the APAC.

The propylene fibers are getting rapid acceptance in the residential application due to their flexibility, and the product finds huge applicability for the construction of driveways, patios, sidewalks, basement floorings, pool decks and cast in place walls. The increase in urbanization will thus favor the extensive growth of Asia-Pacific concrete fiber market share.

Growth in Industrial Infrastructure requirements:

Most of the Asian countries have undergone a massive change in terms of the manufacturing output and employment. The Asian region stands out among emerging markets owing the rapid industrialization. Leading manufacturing hubs such as China and India are looking forward to escalating the economy, focusing on the expansion of major industries including automotive, aerospace, electronics and medical devices in the coming years.

Moreover, government initiatives to promote industrialization in order to create new employment opportunities will also support the growth of construction activities. For instance, India plans to focus on high tech manufacturing as a part of the ‘Make in India’ initiative, through which the country wants to surge its manufacturing sector’s GDP share from 16% in 2015 to 25% by the end of 2025. According to United Nations Industrial Development Organization (UNIDO), India will emerge as a ‘pivot’ for high-tech manufacturing in the coming years.

The robust industrialization trends prevailing in the region will lead toward increased demand for industrial infrastructure, further augmenting the concrete fiber industry share. Industrial construction projects make use of macro-synthetic fibers for improving concrete’s durability. These fibers made from synthetic materials are used as a replacement for bars or fabric reinforcement, which considerably reduces the construction cost. Apart from synthetic fibers, the steel fibers are widely for industrial applications to intersecting cracks and stopping their further expansion, resulting in aesthetically pleasing slabs.

Growing application potential in road and bridge construction:

Road transportation forms a pivotal component of a nation’s economy, as it highly influences the domestic trade graph. Using reinforced pavements favors the non-stop preservation and rehabilitation operations of the road surface. The use of fiber reinforced concrete pavements (FRCP) is one of the latest developments in the area of road development. With water logging being a major cause for potholes in roads built with asphalt, the use of FRCP will completely eliminate water logging.

Additionally, fibrous concrete used for road developments can provide increased toughness, and abrasion resistance to the roads. The application of fibers will result in both the cement and fly ash savings further reducing the cost of road development.

The precast technology for developing the road barriers and bridges already exists since many years, which speeds up the construction process. Implementation of concrete fibers in precast mix eliminates the requirement of steel bars and mesh and speeds up the production process by nearly 50%. Moreover, the concrete fibers find widespread usage in shotcrete application for the development of tunnels. As the demand for stronger, durable roads, bridges, and highways surges, concrete fiber market trends are certain to depict a massive transformation.

The rapid proliferation of the building and construction activities across the globe will fuel the concrete fiber market demand. Asia Pacific concrete fiber market in particular, is anticipated to achieve exponential growth owing to the socio-economic development of the region. According to a research report by Global Market Insights, Inc., concrete fiber industry size will surpass USD 2.8 billion by 2025.

Author Name : Amol Kothekar

Conveyor belt market from the F&B sector to register the fastest CAGR over 2019-2025, proliferating packaged food consumption trends to augment the industry landscape

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A highly profitable vertical of the expanding construction space, conveyor belt market stands tall in terms of revenue in today’s industrial cosmos. With the global populace growing consistently by the day and improving economic conditions, the commercialization prospects of food & beverages industry has observed quite an incline. As conveyor belts have become an integral part of any typical F&B production facility, it goes without saying that the expansion of the F&B space will help conveyer belt industry chart out a lucrative growth path in the years ahead.

U.S. Conveyor Belt Market Size, by Product, 2014 – 2025 (USD Million)
U.S. Conveyor Belt Market Size, by Product, 2014 – 2025 (USD Million)

According to Cushman & Wakefield, the world’s food & beverage industry has witnessed healthy growth over the previous decade and is expected to grow further in the years ahead. In fact, the lure of food is expected to become a crucial motivator behind the construction of public spaces such as shopping centers & parks experiencing substantial footfall on a daily basis.

Meanwhile, the adoption of conveyor belts across the world’s mining sector is on the cusp of witnessing a complete overhaul as the industry undergoes a digital transformation in an attempt to move itself beyond stagnant growth and deliver exceptional value to the shareholders, the customers as well as the environment. Driven by technological advancements and given the product’s ability to boost production by a substantial margin while also cutting down labor costs, the conveyor belt industry is expected to consolidate itself as the backbone of the world’s manufacturing sector, mainly characterized by mass production.

Impact of the expanding food & beverage industry on the conveyor belt market

According to the Franchise India Holdings Limited, the economic growth experienced by developing nations such as India, Brazil, Russia & China is bringing significant changes to the regional meal consumption landscape. An increasing preference toward packaged food purchase has been observed, thereby providing a lucrative growth opportunity to the conveyor belt market players.

The Drivers: Urbanization is being highlighted as a key driver promoting the expansion of the F&B industry. The populace across the developing nations are immigrating to emerging cities in search for better opportunities, which is making a conspicuous change on their lifestyles & eating habits.

Most of the population sprawled across urban locales seem to often struggle to find the time, or the energy required to preparing their own meals & beverages from scratch at home, which increasingly pushes them towards packaged food & beverages. This consequently leads to the F&B sphere experiencing an exponential growth, bringing about renewed prospects to the global conveyor belt market.

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The Numbers: According to the World Economic Forum, as the global population rises to 9.7 billion by 2050, it is estimated that humanity would require 70% more food than it is consumed today. With a majority of the aforementioned population slated to live in urban areas, packaged food & beverages would be accounting for a significant chunk of the meal requirements, ensuring an abundant source of growth for the global conveyor belt market.

The Projection: The packaged processed food industry of India alone is estimated to be worth somewhere between $10.87 billion to 13.05 billion. With rapid urbanization and the subsequent rise in the population migrating to cities, the conveyor belt market share from F&B applications is expected to witness a CAGR of more than 4.5% over 2019-2025.

Impact of the mining sector’s digital transformation on the conveyor belt market

Initially, the mining industry used conveyor belts that were quite rudimentary & durable to keep up with the taxing conditions in a mine. Ironically, these taxing work environments were exactly why conveyor belts previously struggled to foray further in the mining industry.

The Impact: The influx of substantially high-grade technological advancements have made it possible for conveyor belts to be used on a large scale in the mining sector. Digital technologies are expected to enable the market foray beyond its current stance through automation, operational hardware & robotics.

The Numbers: The World Economic Forum estimates that the digitalization of the mining industry would be bringing in more than $425 million of value to the sector by 2025.

The Projection: The growing demands from mining operations, coupled with the digital transformation of the industry, are expected to provide the conveyor belt market the footing it requires to attract more investments over the upcoming years.

Driven by the digitalization of the mining industry and the expansion of the F&B space, the global conveyor belt market is expected to command significant growth in the years to come. In fact, a Global Market Insights, Inc., report estimates that the conveyor belt market size would be surpassing the $5 billion renumeration mark by 2025.

Author Name : Akshay Kedari

Europe High Performance Films Market to witness lucrative growth prospects over 2016-2024, surging demand from the packaging and electronics sectors to accelerate the regional revenue

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The extensive commercialization of the packaging sector will lead High Performance Films Market to carve a rather profitable roadmap for itself. This can be attributed to the excellent mechanical and aesthetic properties that high performance films possess, owing to which they are used for durable and lightweight packaging applications. Flexible packaging market, slated to grow at a rate of 5% over 2016-2024, will also contribute toward high performance films industry share. These films are endowed with the characteristics of durability, high chemical resistance, high tensile strength, UV ray protection, and temperature and light control, owing to which they find applications in the food & beverage, interior decoration, and construction sectors, thereby propelling the business trends.

U.S. High Performance Films Market size, by application, 2013-2024 (USD Billion)

U.S. High Performance Films Market size, by application, 2013-2024 (USD Billion)

Surging demand for coating windows and doors for the purposes of safety and security will increase the product demand. In addition, the requirement for easy-to-dispose and lightweight packaging from the F&B sector will propel high performance films market, slated to cross USD 54 billion by 2024, with a CAGR estimation of 6% over 2016-2024. These films find extensive applications across the personal care, packaging, and electronic sectors. As per estimates, high performance films industry share from packaging applications was worth USD 20 billion in 2015 and is slated to register considerable revenue over 2016-2024.

Packaging applications are forecast to be one of the most lucrative end-use segments across North America and the Middle East. North America high performance films market was worth USD 4 billion in 2015 and is anticipated to register a revenue of USD 16 billion in 2024, primarily due to the escalating demand for lightweight and convenient packaging in the food & beverage sector. In addition, the barrier high performance films industry will observe excellent growth across this region, pertaining to the increasing product demand from the solar cell manufacturing and semiconductor companies, due to its excellent feature of moisture resistance. Speaking of which, barrier high performance films market was worth USD 15 billion in 2015 and is anticipated to carve out a lucrative growth path ahead.

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The application spectrum of high performance films industry is indeed appreciable. Subject to the product properties of chemical inertness and low moisture absorption coupled with its dielectric and low friction co-efficient properties, these films find applications across microphone, photovoltaic devices, and cable insulation, thereby propelling high performance films market trends. In addition, these films are utilized for vacuum packaging, low oxygen technologies, and oxygen scavenging in the meat processing companies. The vast application of these films in numerous end-use sectors will help high performance films industry experience excellent growth prospects over the coming years.

Microporous films are defined by the properties of low moisture absorbing, water repellence, and air penetration, pertaining to which they are extensively used for waterproofing application across the constructions sector. On these grounds, microporous high performance films market will grow at a rate of 4% over 2016-2024.

Polycarbonate products, endowed with the properties of high glass transition temperature, excellent impact resistance, and durability, are used in the manufacturing of automotive, & aircraft components, construction material, data storage discs (DVDs, BluRay discs, and CDs), and other electronic components. On these grounds, polycarbonate high performance films industry size will surpass 500 kilo tons by 2024, in terms of volumes. Pertaining to their widespread usage in the electronics sector, this segment will register excellent growth across Europe, subject to the highly developed electronics market in this continent. In addition, owing to the surging demand from the packaging sector, Europe high performance films industry will grow significantly over the next few years, having accounted for 28% of the overall share in 2015.

High performance films find applications in feminine and adult incontinence products and disposable diapers, pertaining to which high performance films share from the personal care sector is anticipated to cross 940 kilo tons by 2024, in terms of volume, with a CAGR estimation of 4% over 2016-2024. Increasing awareness regarding health and hygiene will further augment the product demand.

Polyester is one of the key products of high performance films industry. It is one of the most favorable products suitable for the packaging sector. Escalating urbanization trends couples with huge investments in the residential constructions sector will spur polyester high performance films market, which held a valuation of more than USD 20 billion in 2015. Subject to the surging demand from the construction, automotive, and F&B packaging sectors, nylon high performance films industry is forecast to grow at a rate of 4% over 2016-2024. The aforementioned products find heavy demand across Asia Pacific and LATAM, owing the escalating construction sector and the rapidly growing economy.

High performance films market from the construction sector is anticipated to cross USD 3 billion by 2024, pertaining to the aesthetic and mechanical properties of these films. The surging automotive sector across APAC coupled with reduced manufacturing costs and the huge availability of cheap labor will stimulate Asia Pacific high performance films industry, which was worth more than USD 9 billion in 2015. In addition, APAC high performance films market from automotive sector is expected to cross 230 kilo tons by 2024, in terms of volume, with a CAGR estimation of 5% over 2016-2024. This growth can be attributed to the growing automobile production and availability of labor at low prices.

High performance films industry involves the participation of numerous companies that accumulate a significant share of other industries as well. The reason for this may be credited to the broad end-use spectrum of high performance films market. Renowned biggies such as Bayer Material Science, Dow Chemical Company, 3M, Honeywell, Bernis, DuPont, Evonik, Sealed Air Corp., and Clopay Plastic are key participants of global high performance films market.

Keeping in line with the conventional industry trends, companies often engage in partnerships and strategic collaborations with third party vendors to expand their geographical presence. The 2012 alliance between Solutia and the Eastman Chemical Company is an example of one such collaboration that served to expand the presence of the latter to a considerable extent.

Author Name : Saipriya Iyer