Middle East polymer concrete market to accrue substantial returns over 2018-2025, heavy investments in construction activities to propel the industry growth
With building developers becoming more conscious about the strength, ductility, and toughness of construction material, polymer concrete market has observed a renewed traction lately. This material is widely preferred on account of its benefits such as improving adhesive characteristics of old surfaces, tensile strength, freeze durability, and flexural strength. In addition, heavy investments in the global construction sector are being made lately, increasing the demand for various types of polymer concretes for providing impermeable toppings over the bridge decks, additives for plasters, and filling for installing tile. The growing involvement of public and private firms in infrastructure development across residential, commercial, and industrial sectors will thus have a significant impact on the polymer concrete industry share.
U.S. polymer concrete market size, by application, 2014 – 2025 (USD Million)
In line with the growing construction activities and rising focus on the surging use of polymer concrete materials, the giants in the polymer concrete market are looking forward to investing in capacity expansions. The countries across the Middle East for instance, have been rapidly expanding their existing facilities. In addition, regional governments have been making substantial investments on infrastructure development across this region, further generating lucrative opportunities for the market players.
Validating the aforementioned fact, one of the leading contributors of polymer concrete industry, Sika has expanded its regional reach across United Arab Emirates recently with the establishment of a new concrete admixture production plant in Dubai. The development of a local polymer production facility is slated to reduce the production cost that will become beneficial for customers across the GCC (Gulf Cooperation Council) to fulfil their concrete admixture requirements considerably. In addition, owing to the depletion of fossil fuel resources, the UAE government is shifting its focus on tourism rather investing in oil and gas exploration to diversify the economy. The increasing development of logistic centers and surging deployment of green technologies will propel Middle East polymer concrete market share over the years ahead.
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The rising concerns about the carbon dioxide emission is one of the causes fueling the polymer concrete industry outlook. The surging use of cement in road construction activities has led to an increase in carbon dioxide emissions across the globe. On this note, efforts are being made to utilize polymer concrete on a large scale. Reportedly, in Australia across the Victoria region, pavements, roads, and freeways have been developed with the help of geopolymer concrete. Geopolymer is a long molecule that can improve the strength of concrete effectively. The research community, on these grounds, has also been attempting to invest in research and development activities for the betterment of geopolymer concrete. The involvement of regional governments in the development of smart roads for controlling the emissions will thus generate significant business opportunities for the giants in polymer concrete market.
In several earthquake prone regions, to build foolproof earthquake resistant buildings, engineers have been focusing on the use of effective alternate materials. On this note, it is imperative to mention that the researchers from the University of British Columbia have invented new concrete that would be able to withstand tremors. This newly invented eco-friendly ductile cement comprises polymer based fibers that could increase the malleability of concrete instead of letting it crumble under pressure. The increasing importance for lightweight, intelligent, energy producing, and innovative concrete structures across the globe will thus have a positive influence on polymer concrete industry size over the years ahead.
The robust shift in the focus of building developers toward constructing eco-friendly infrastructure over the last few years will push the use of polymer concrete on a large scale. The stand taken by regional governments to improve the economy with considerable investments in roads, buildings, bridges, and renovation of old monuments is also poised to fuel polymer concrete industry trends significantly. For the record, by the end of 2025, polymer concrete market will surpass a revenue collection of USD 600 million.
Author Name : Sunil Hebbalkar
Blended fibers market revenue to exceed USD 57 billion by 2024 fueled by major product demand from the apparel and home furnishing sectors
The rising requirement for fabrics that are longer-lasting, need less maintenance, and are comfortable have chiefly propelled blended fibers market. It goes without saying that the apparel and home furnishing sectors are the key arenas driving blended fibers industry growth. As the population of millennials with disposable incomes is on a rise, coupled with consumer interest for luxurious lifestyles, it is estimated that blended fibers market size will exceed 18 million tons by 2024 in terms of volume.
North America Blended Fibers Market, By Application, 2016 & 2024, (Kilo tons)
Blended fibers market had first come to evolve with the idea of ‘blending’ fibers to yield a fabric with unique properties that is much more comfortable than the original and is less taxing to care for. In this regard, a blend of cotton and polyester is one such fabric that has gained mass prominence in this business space. In 2016, cotton/polyester based blended fibers industry size was valued at USD 7 billion. It is noteworthy to mention that cotton is a natural fiber that is comfortable to wear but wrinkles easily. On the other hand, polyester is a synthetic fiber that is not very comfortable to wear but when mixed with cotton keeps the fabric from wrinkling. Blended fibers industry outlook thus depends on the identifying a balanced amalgamation of fibers that complement each other to produce the perfect fabric. A nylon/wool blend is another popular fabric that drives blended fibers market share, as nylon is resilient while wool adds to the warmth and softness of the garment. This blend is deemed perfect for winter wear apparels owing to its enhanced durability and quick-drying quality, thus marking significance in blended fibers market.
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With the evolving fashion industry and the rising proportion of fashion consciousness consumers, it is important for the apparel industry to delve deeper in blended fibers market to brainstorm new mixed fabrics that will lend a certain charm and appeal to an ordinary piece of clothing. For instance, a draped cardigan made of a warm fabric like Merino can give the warmth of a cardigan but will not drape as beautifully as required. If the same cardigan is made of viscose it may be draped beautifully but will miss out on providing warmth. Ultimately, if a blended fabric like Merino Modal is used, i.e., 60% Merino and 40% Modal, the cardigan will have a beautiful drape while being essentially warm. Driven by appealing challenges such as the aforementioned, blended fibers market share from apparel applications is estimated to witness a CAGR of 3% over 2017-2024.
The home furnishing arena is another lucrative end-use domain of this business vertical. In 2016, 20% of the market valuation was attributed to the home furnishing industry. Rising urbanization, expanding real estate and easy access to home décor items made available through online portals like Amazon, Alibaba and eBay have thus provided a lucrative boost to the home furnishing domain, inherently fueling blended fibers market size.
Asia Pacific is one of pivotal regional markets for blended fibers industry. In fact, APAC market is forecast to surpass 9 billion tons by 2024, driven by the fact that several countries like China, India, Indonesia and Taiwan have expanded their apparel and home décor export base with a surge in demand of handcrafted products and government encouragement campaigns to boost indigenous production. Blended fibers industry has also been expanding in North America – estimates claim the continent to have contributed to 20% of the overall industry share in 2016. The introduction of nanotechnology as well as growing demands for new fabrics in the apparel and home furnishing industries has fueled North America industry trends.
The surging demand for better textile products with enhanced durability and a rather appealing visual appearance will drive blended fibers market. Blending expensive fibers with inexpensive ones offsets the production cost of the overall fabric as well, thus making the fabric more affordable and reliable. Growing economies comprising highly an urbanized, millennial population with disposable incomes will lead to a massive growth in the home furnishing and apparel sectors, thus directly stimulating blended fibers market size.
Author Name : Paroma Bhattacharya
Geotextile Market to register a massive valuation via high demand from the civil engineering sector, woven geotextiles to observe the highest gains over 2017-2024
The well-established Geotextile Market continues to grow steadily due to the surging construction and agricultural sectors worldwide. The cost benefits of using geotextiles over conventional construction raw materials such as stone and sand have become increasingly attractive over the years, which has significantly prompted geotextile industry growth. Basically, geotextiles are geosynthetic materials that have become quite popular in many applications that require stabilization, control, and support. Global Market Insights, Inc., anticipates that geotextile market will continue to expand over the coming years with the ever-growing civil engineering sector. By 2024, the industry is likely to witness the overall consumption of geotextiles crossing 10 billion square meters with a revenue projection of over USD 12 billion.
U.S. Geotextile Market Size, By Application, 2016 & 2024, (USD Million)
It is important to note that geotextiles are not made up from materials used for manufacturing fabrics such as silk, wool and cotton. Basically, these textiles are synthetic fibers that can be made into porous, flexible, nonwoven fabric. Thus, the prospering geotextile market owes its success to its wide scope of applications such as agriculture, erosion control, pavement repair, road construction, drainage, and railroads. The erosion control application, in particular, has witnessed significant gains as geotextiles help in preventing erosion caused by floods, rainfall, and water encroachment. Geotextiles strengthen dredged soils and help in holding it firmly under the vegetative growth, slopes, and coastal erosion. In consequence, geotextile market from erosion control application will garner substantial profits and will record a CAGR of 10.5% over the period of 2017-2024. Speaking along the same lines, India has been forecast to be one of most profitable business grounds for geotextile market as regards to erosion control applications. In fact, it has been projected that India geotextile industry from erosion control will grow at an annual rate of 12.5% over 2017-2024.
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Geotextile market in the emerging economies of Asia Pacific will experience profitable growth, with a slew of construction projects. China is set to record a massive demand for geotextiles, as the country countersigns heavy infrastructure investment, mainly in transportation and water management. The utilization of geotextiles in road construction applications is also advancing at rapid pace and is projected to raise USD 4.5 billion by 2024. Meanwhile, Europe is another prominent region where geotextile market demand is quite high and is expected to grow at a CAGR of 9% over 2017-2024. Rising construction projects to develop ports, roads, airports, housing, and railways particularly in UK, France, Italy, and Germany signify high product demand in the region. The regional companies are focusing on strategic partnerships to increase their capacity and expand their global reach. For instance, the collaboration between Fibertex Nonwovens and France’s Tharreau Industries in 2012 has helped the former expand its core business in the region to become one of the many prominent European market leaders.
Geotextile market encompasses two very versatile products, namely woven and nonwoven geotextiles. Between the two, woven geotextile industry is poised to witness highest gains, owing to its extensive demand in road stabilizing and erosion control applications. These types of geotextiles are mainly constructed from blending and weaving fibers, which gives them excellent tensile strength and hydro filtration properties. The global woven geotextile market is anticipated to witness gains over 11% through 2017-2024. Nonwoven geotextiles on other hand, are one of the most popular options for drainage, road construction, separation, and filtration. They offer exceptional UV finish properties, weather proofing, and chemical resistance, and thus find common usage in ditches and underground drains. This has led to a positive impact on the sales of nonwoven geotextile market, which is set to exceed USD 8.5 billion by 2024 in terms of revenue.
Lately, jute based products are gaining remarkable traction as an alternative to synthetic materials. These natural geotextiles are now increasingly used in erosion control applications such as culvert and table drain outlets, river banks & canals, sports field restoration, etc.
Prominent geotextile industry participants catering to the regional and the local demand include Mattex Geosynthetics, TENAX, Fibertex Nonwovens, Royal Ten Cate N.V., TYPAR, and HUESKER Inc.
Author Name : Ojaswita Kutepatil
FRP Rebars market to accrue maximum revenue via construction applications over 2016-2024, APAC to majorly drive the regional growth
Rising end-user preference for lightweight, anti-corrosive, non-abrasive, and robust reinforcements will upswing FRP Rebars Market development. Regional governments have been spending huge capital on construction & renovation activities. In addition, swift infrastructural developments to enhance the urban landscape and promote regional tourism will majorly boost FRP rebars industry trends. For instance, Japan invested more than USD 738 billion in construction projects in 2015, while China allotted funds of over 1.7 trillion for infrastructural growth during that year. According to Global Market Insights, Inc., “Fiber reinforced polymer (FRP) rebars industry, worth USD 590 million in 2015, is expected to hit a targeted revenue of over USD 1.25 billion by 2024.”
U.S. FRP Rebar Market Size, By Application, (USD Million), 2013-2024
FRP rebars find extensive applications in MRI rooms, bridges & buildings, marine structures & waterfronts, water treatment plants, and highways. FRP rebars market size in the marine structures & waterfronts sector is predicted to grow at a cumulative rate of more than 7% over the coming timeline. An increase in the number of projects for constructing waterfronts and ports near seas and rivers along with the development of waterways as an effective mode of goods transport facility will contribute toward the business expansion.
FRP rebars industry revenue across water treatment plants sector, which was estimated at more than USD 50 million in 2015, is expected to witness a high surge over the coming years. Rise in the number of desalination plant projects and surge in the waste & water treatment plant constructions will impel the segment growth.
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FRP rebars market share in MRI rooms sector is projected to record significant gains of more than 6.5% over the period from 2016 to 2024. Favorable features such as heat resistance, magnetic transparency, and electric resistance will boost the product demand.
Considering the geographical landscape, North America FRP rebars industry is anticipated to record a CAGR of more than 7% over the coming seven years. Escalated spending on building new structures along with beneficial legislations supporting infrastructure growth will enlarge the business scope across the region. U.S. FRP rebars industry, which contributed USD 270 million toward North America FRP rebars industry revenue in 2015, is expected to make notable contributions toward the regional share in the future. The country had spent more than USD 1 trillion on construction ventures during 2015.
Asia Pacific FRP rebars market is slated to grow at a rate of 8% over the years to come, owing to high product usage in the resistant edifice constructions along with the renovations of old structures. China, Japan, and India are likely to drive the regional revenue. MEA FRP rebars industry is projected to register an annual growth of 8.5% over 2016-2024, owing to strict regulatory compliances over the construction of new roads, railways, and airports as a result of growing safety concerns. Saudi Arabi and UAE are anticipated to be the major regional revenue pockets.
Europe FRP rebars industry is projected to record a CAGR of more than 6.5% over the coming seven years. Growing renovation activities across the commercial and residential sectors along with high product applications in MRI rooms, cable ducts, radio frequency field, and high-voltage substations are expected to boost the industry size. UK and Germany are predicted to push the regional development.
Glass fiber composites, carbon fiber composites, basalt fiber composites, and aramid fiber composites are the main FRP rebar products. Basalt fiber composites FRP rebars industry is expected to record a CAGR of 9% during the duration from 2016 to 2024, subject to exceptional product features such as magnetic transparency and rust resistance along with abundant product availability. Carbon fiber composites FRP rebars market is projected to grow at a rate of more than 8% over 2016-2024, driven by high product demand in floor slabs, bridge constructions, parapets, parking, ad decks & railings. Glass fiber composites FRP rebars market, which dominated the product landscape in 2015, is foreseen to witness notable gains over the years ahead. The growth can be ascribed to the product’s prolific use by the consumers as a perfect substitute for stainless steel & galvanized reinforcements.
FRP rebars are also used in various kinds of resins such as vinyl ester and polyester resins. Vinyl ester FRP rebars market is forecast to grow at a CAGR of more than 9% over the period of 2016-2024, due to the outstanding corrosion resisting and thermal insulating features of the product. Polyester resin FRP rebars industry, which collected a revenue of USD 460 million in 2015, is projected to witness a considerable development over the coming years. The business expansion can be attributed to the elevated product use as an adhesive in tarnished heritage structures along with its unique dimensional features and cost-effective nature.
Of late, industry players are employing key business growth strategies such as product development, pricing, and strategic partnerships to increase their market share. Fibrolux GmbH, Hughes Brothers Inc., Sireg Geotech Srl, Technobasalt Invest LLC, Marshall Composites Technologies, BP Composites Limited, Neuvokas Corporation, Pultrall Inc., and Composite Rebar Technologies Incorporation are the major participants of FRP rebars market.
Author Name : Dhananjay Punekar