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Seismic reinforcement materials market to be driven by increasing infrastructural development

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Seismic reinforcement materials market is poised to witness momentous growth over the ensuing years, primarily owing to the demand for seismic proof structures in earthquake-prone areas across the world. The product demand from a slew of end-users including residential, commercial, industrial, and infrastructural sectors will also support market growth. For the uninitiated, seismic reinforcement or seismic retrofitting is the process of making a structure more resistant to the severe consequences of an earthquake.

U.S. Seismic Reinforcement Materials Market By End-use Sector, 2014 – 2025 (USD Billion)
U.S. Seismic Reinforcement Materials Market By End-use Sector, 2014 – 2025 (USD Billion)

Increasing preference for earthquake resistant buildings will be a major driving force augmenting the product demand. Strong earthquakes are extremely dangerous and result in millions of casualties each year. Most earthquake deaths are results of structural failures. Seismic retrofitting of existing structures in earthquake-prone regions to make them more resistant to ground motion and soil failure will bolster global seismic reinforcement materials market in the coming years.

Earthquake is a natural phenomenon, but the amount of damage it causes can be a huge threat to a country’s economy. Especially for the industrial sector, natural disasters like earthquakes can destroy tangible assets like buildings and equipment along with human capital, bringing down production capacity. The vulnerability of industrial buildings due to their high exposure, needs to be protected through proper seismic retrofitting modifications. Owing to these factors commercial seismic reinforcement materials segment is likely to exhibit growth in the succeeding years.

The imposition of building codes is an effective way to ensure that people like engineers, contractors, and builders are inclined towards the construction of earthquake resistant structures. For instance, FEMA’s National Earthquake Hazards Reduction Program (NEHRP) recommends a set of seismic provisions for new and existing structures to reduce the fatalities and property losses caused by earthquakes. Such trends will further boost material demand, thereby augmenting seismic reinforcement materials market.

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The infrastructure development sector garnered immense proceeds in the past and is projected to retain its status in the industry over 2019-2025. This development can be attributed to the extensive use of seismic reinforcement materials in infrastructure projects such as bridges, flyovers, tunnels, etc. Increasing investment in infrastructural development projects will drive product demand. As per credible estimates, Asian Infrastructure Investment Bank (AIIB) has made plans to finance infrastructure projects worth $10 to $12 billion. Such investments could fuel the seismic reinforcement materials industry from the infrastructure development sector.

The bridges and flyover segment is slated to garner considerable growth over the coming years. Seismic retrofitting in bridges and flyovers helps reduce the intensity of the disaster, in addition to aiding rescue and relief operations. Rising urban congestion in emerging economies has accelerated the pace of development of bridges and flyovers, thereby elevating segmental growth for seismic reinforcement materials market.

North America seismic reinforcement materials market is anticipated to accrue appreciable gains in the global market in the coming years. In countries like the U.S, thousands of shocks of varying intensity occur every year and most of the coastal states are prone to earthquakes. Government grants like the Brace + Bolt program which provides homeowners grants up to $3,000 for seismic retrofits, will also boost product demand. The country houses one of the world’s largest construction industry, and increasing trend of building more earthquake resistant structures would upscale seismic reinforcement materials market share in the future.

An upturn in infrastructural activities in the Asia Pacific market will also drive the demand for seismic retrofitting. Rapid urbanization across countries like India, China, and other Asia Pacific nations will proliferate the need for major bridges, flyovers, airports, and other giant structures. The increasing deployment of advanced materials and construction equipment including seismic retrofitting materials in order to deal with regional geological vulnerabilities will boost market size in the Asia Pacific.

Seismic retrofitting of vulnerable structures is more than necessary; such modifications not only prevent property damage but protect the lives and assets of building occupants. Adherence to seismic retrofitting measures by various commercial and residential buildings, paired with favorable government regulations will continue to support product demand over the ensuing years.

According to a research report by Global Market Insights, Inc., the seismic reinforcement materials market is anticipated to be worth more than $40 billion by 2025.

Author NameKrithika Krishnan

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Customized shopfitting materials market to amass substantial returns from furniture applications, U.S. to account a major share of the global industry over 2019-2025

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The reinvention of new market methodologies and the bigger shift towards adopting modern trends have led customized shopfitting material market toward commendable growth prospects. With changing preferences pertaining to aesthetic appearance and abundance of tech innovations, enterprises are creating innovative shopfitting solutions that aim to reshape the retail experience. Businesses nowadays are primarily focusing on changing the style of their outlet and leisure centers by adopting captivating and modern looks that will help to foster the customized shopfitting materials industry growth.

Germany Shopfitting Materials Market Size, By Application, 2018 & 2025, (USD Billion)
Germany Shopfitting Materials Market Size, By Application, 2018 & 2025, (USD Billion)

Nowadays, a change in consumer purchase patterns has been observed, with customers shifting their focus from conventional styles to demanding personalized products. Customers, retailers, and businesses are not only looking for high tech and creative set-ups for their vibrant workplaces but are also focusing on kitting out their premises with modish furniture and fascinating interiors. According to prominent studies, the U.S. wood and furniture sector focuses more on product design, introducing new innovative materials (environment-friendly design, recycled materials), and 3D modeling tools.

Due to these factors, the U.S. wood and furniture sector has been successful in creating strong retail networks and outreach its potential to other segments as well. The changing patterns in the buying behaviour of consumers and retailers, the abundant presence of furniture manufacturers in the U.S., and the conformity to novel and innovative trends will further help in boosting the customized shopfitting materials market demand.

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Apparently, the prevalence of customized and innovative furniture designs including office furniture, swivel chairs, workspace storage units, home furniture, and outdoor furniture products has captured the attention of buyers and traders across the world. Apart from being accountable for a substantially large market shares in terms of furniture sales, the USA is also one of the largest furniture exporters by value and world’s leading furniture manufacturer. Aided by innumerable innovations and the presence of a huge wood furniture industry, U.S. customized shopfitting materials market can be expected to experience a substantial increase in the coming years.

Elaborating further, incumbent companies, as well as start-ups, are moving towards new business models, designing and assembling innovations, new technologies, and smart furniture to gain traction in customized shopfitting materials market. For instance, Wilsonart, a world-leading engineered surfaces company that manufactures and supplies high pressure laminate, solid surface, and other engineering surface options for use in the retail markets, office, healthcare, and education, recently introduced THINSCAPE Performance Tops that are extremely popular in residential kitchens everywhere given their modern look and perfect compatibility for updating kitchen countertops. They are ideal not only for residential kitchens but also for laundry rooms, bath vanities, and even for commercial tabletop applications in office, hospitals, and retail environments.

Driven by the innovative trends in the furniture segment along with swift technological advancements the customized shopfitting materials market has been attaining a wide customer base across various geographies. Prominent players such as SURTECO, Jacobs Joinery & Shopfitters, Madico, and REHAU form a part of the competitive landscape of customized shopfitting materials industry and are exclusively focusing on manufacturing advanced products in order to augment their global reach.

Author Name : Deeksha Pant

Outdoor furniture market to procure sizable returns from the residential sector, global industry remuneration to surpass USD 23 billion by 2024

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The global outdoor furniture market has experienced a noteworthy upsurge in the last few years, chiefly influenced by an improvement in the standards of living. The industry trends have also undergone a change of dynamics on account of the availability of countless furnishing options and burgeoning expenditure on exterior decor, especially by urban population. With the surging popularity of outdoor living spaces, the concept of outdoor housing has ascended as a prominent trend. Without a doubt, the outdoor homing trend has increased sales of outdoor furniture, especially patio furniture ranges. For example, nowadays spacious lounges and wide armchairs are a common choice for large patio furniture landscapes amid comfort-seekers.

North America Outdoor Furniture Market, By Product, 2017 & 2024, (Thousand Tonnes)

North America Outdoor Furniture Market, By Product, 2017 & 2024, (Thousand Tonnes)

Another factor that is driving the commercialization fasciae of the market is the existence of multifarious furniture options in terms of designs and styles, which allows homeowners as well as interior decorators to impeccably give the desired appearance to the property. Even government-led initiatives to promote better usage of open spaces and high investments to adorn public spaces, parks, gardens, sports arenas, and other areas will further escalate outdoor furniture market demand. For instance, the Naples City Council has recently awarded a $10.6 Mn contract to Manhattan Construction to develop the long-awaited 15-acre park on the Gordon River, decked with features such as a planted hill, band stage, splendid seating, and a single-story flagship building.

Enumerating the end-use landscape of the global outdoor furniture market:

Residential Outdoor Furniture Market

Outdoor furnishing in residential areas is aimed at creating a finely integrated, soothing, and cohesive space that not just looks astonishing but also functions excellently and augments the pleasure one gets out of the outdoor living area. Apparently, the residential segment emerged dominant in outdoor furniture market in 2017, with a share of 60%.

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Developed nations in North America and Europe are set to offer significant profit generation opportunities to global manufacturers owing to increasing per capita income, shifting lifestyle patterns, and the rising trend of organizing family get-together & dinners in home gardens. In addition to this, the growth in geriatric population will trigger demand for comfort-enhancing outdoor furniture products such as recliners, loungers, adjustable seats, and day beds. In general, there has been a surge in the willingness to spend on luxurious furniture items among homeowners which is adding impetus to the outdoor furniture market growth from residential applications.

Commercial Outdoor Furniture Market

Outdoor furniture market growth from the commercial sector is projected to experience an upward trend in the coming years owing to burgeoning purchase by hospitality companies, business hubs, sports complexes, and municipal gardens. Commercial properties with gardens, pools, outdoor sitting spaces, open-air restaurants, and beaches are the vital revenue pockets of this market. Rising consumer spending on travel and tourism activities has given rise to growth opportunities for the hospitality and recreation industry, which has, in turn, benefitted the outdoor furniture demand from the commercial segment. Hotel consumers have started to impart importance to the ambience, as a result of which the number of sea-side restaurants, pool-side cafes, and terrace restaurants has increased multifold, consequently bolstering the growth of the outdoor furniture market from commercial applications.

Citing the latest developments in the outdoor furniture industry:

Danube Home, a leading home decoration company based in the Middle East, has recently introduced its exclusive Garden Collection 2019 during a launch ceremony in Salmabad, Bahrain. As a part of the garden range launch, a new 2018/19 catalogue was announced which features over 1,500 items, offering an all-inclusive guide for outdoor furniture, décor accessories, and lifestyle elements. The newest collection also encompasses a wide range of bold and vivacious products such as an all in one gazebo, furniture with lighting, convertible benches, an Arabic majlis, sofa with utility function (added table), wall fountain, modular collection, outdoor kitchen with BBQ, and much more.

In view of the abovementioned factors, it is clearly visible that the global outdoor furniture market will emerge as the strong revenue pocket for the overall furniture industry. The growing inclination towards visually appealing as well as comforting landscape designs will spur the demand for outdoor furniture, thereby augmenting the industry trends in the years ahead.

Author NameNikita Chaurasia

U.S. municipal solid waste management market to accumulate hefty proceeds from paper & paperboard trash, New York to emerge as a lucrative growth avenue

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The remuneration graph of U.S. municipal solid waste management market has witnessed a phenomenal escalation in the past decade, owing to myriad economic & environmental advantages of effective waste management. The burgeoning challenges of solid waste due to tremendous surge in the population in the United States have further compelled the industry players to bring forth innovative, sustainable, and cost-effective approaches of MSW across the country. It has been reported that in general, the waste generation is higher during the strong economic growth of the country and therefore effective solid waste management network forms a significant factor driving the GDP.

Pennsylvania Municipal Solid Waste Management Market Size, By Service, 2017 & 2024 (Million Tons)
Pennsylvania Municipal Solid Waste Management Market Size, By Service, 2017 & 2024 (Million Tons)

Reliable reports claim that the United States produced more than 250 million tons of municipal solid waste in 2014 – a significant high and approximately 4.4 million more than generated in the year earlier. It was further reported that the around 66.4 million tons of waste was recovered for recycling in 2014. Despite the tons of waste to handle, it was not until recently that the sanitation agencies took upon themselves to handle recycling and monitor third-party contractors. The U.S. Environmental Protection Agency in this regard has been encouraging the regional regulators and governmental agencies to make efforts in assisting the upcoming solid waste management scenarios, to ensure proper storage, disposal, segregation, and recycling processes.

Recently for instance, Atlanta regulation agencies has deployed smart phones with waste management application in over 89 sanitation trucks & other vehicles as part of a MSW management pilot program. The use of the application to track truck routes lead them to evenly distribute and take efficient routes to the appropriate landfills and recycling facilities. With further governmental norms encouraging sustainable trash management, New York recycling & composting municipal solid waste management market is another lucrative region garnering hefty proceeds. Estimates claim the U.S. MSW management industry from New York to exceed a valuation over USD 450 million by 2024, owing to the influence of region’s rising population base residing in the urban areas and flourishing tourism industry leading to growing investment in waste management infrastructure.

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Further speaking of the expanding governmental investment in waste management, the U.S. President Donald Trump, recently signed a legislation committing the country to expand its efforts to clean and manage around 8 million metric tons of litter such as plastic, paper, and electronic waste polluting the oceans.

Currently, recycling & composting solid waste has gained immense traction, given the advancement in waste reprocessing and trash conversing technologies. Recycling the waste to convert it into reusable material is significantly helping MSW management agencies in reduced consumption of raw materials and energy usage as well as lowered water & air pollution. The process is further gaining momentum and managed to accumulate over USD 6 billion in 2017, because of the introduction of strict & rigorous anti-dumping laws by both the state & federal regulators and development of recycling approaches for sustainable economic status. For instance, the University of Minnesota has initiated a recycling drive under which it will be recycling more than 3,800 tons of recyclable materials that constitutes more than 40% of the total waste generated in the campus.

In addition to expanding recycling & composting services in the U.S. municipal solid waste management market, it is noteworthy to mention that the paper and paperboard trash accounted for a considerable 26% market share in 2017. Rapid progress of the packaging industry coupled with rising application of recycled paper and paperboard are expected to drive demand.

These above-mentioned trends significantly shed light on the progressive outlook of the U.S. municipal solid waste management market in the recent years. However, it wouldn’t be wrong to say that China’s ban on import waste has rocked the global solid waste management and recycling industry to gear up for managing their own waste and recycling efforts. It remains to be seen that how the U.S. municipal solid waste management industry will cope with the sudden change in policies as these new accumulating waste loads incur increasingly high rates in managing and recycling waste. Nonetheless, experts believe that as the export market for waste product dries up, the U.S. municipal solid waste management industry will be seen desperately recovering, recycling, and reducing the waste, while surpassing the overall remuneration portfolio of over USD 25 billion market by 2024.

Author NameOjaswita Kutepatil

Wood, paper & paperboard recycling market to be characterized by a stringent regulatory framework, escalating demand for deploying recycling technologies to expedite the industry growth

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Wood, paper & paperboard recycling market has gained quite some popularity of late, driven by the increasing awareness among the regulatory bodies about the environmental and sustainability benefits of waste material disposal. As recycling leads to the conservation natural resources, energy savings, and minimization of landfills, most of the countries and industry behemoths have started focusing on the deployment of policies in favor of recycling of wood and paperboards.For the record, recycling process of one ton of paper and paperboard could save 17 trees, approximately 7,000 gallons of water, about 3 cubic yards of space for landfill, and nearly 4,000 kilowatts of energy. The implementation of regulatory norms across myriad geographies regarding paper and wood recycling will thus have a positive influence on wood, paper and paperboard recycling industry outlook.

U.S. Paper & Paperboard Recycling Market Size, By Grade, 2014 – 2025 (USD Million)
U.S. Paper & Paperboard Recycling Market Size, By Grade, 2014 - 2025 (USD Million)

It is to be noted that the contribution of regulatory organizations toward environmental safety and protection has indeed been immense, the direct impact of which has been registered across wood, paper & paperboard recycling industry. The paragraphs below outline some of these initiatives that have influenced this business sphere in more ways than one.

Since 2000, the European Union (EU) has been trying to increase the wood and paperboard recycling rate across Europe, however, the organization encountered fruitful outcomes only in 2014, when he continent successfully crossed a 71% recycling rate with changing consumption patterns. In fact, the organizations like ERPA and CEPI had prepared list of grades of paper and paperboards that could be used as raw material for producing diverse kinds of paper. In addition, they also have been promoting giants in wood, paper and paperboard recycling industry to deploy next-generation recycling technologies for minimizing greenhouse gas emission. Further, it had been observed that they had also organized programs to create awareness among regional industry contributors and the masses about the economic and environmental benefits associated with the recycling of paper.

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In accordance with the established regulatory norms, most of the industries across Europe have started to put in efforts into improving the sustainability properties of their paper-based products. The research community has contributed its bit, constantly conducting R&D activities and helping toward setting up modern recyclable paper testing facilities to aid industry giants implement recycling programs effectively. Validating the aforementioned fact, the International Association of the Deinking Industry (INGEDE) had organized a research program a few years earlier at the Germany-based Darmstadt Technical University for developing a technology to carry out quality inspection of paper before recycling. The program mainly focused on the development of technology which could help industries recognize the print products that are difficult to deink before officially being dispatched for the recycling process. Such eco paper loop methodologies have significantly helped players in paper and paperboard recycling industry to enhance quality of recycled paper and undoubtedly the economy of the country.

The United States Environmental Protection Agency has reportedly mandated the use of recycled paper much prior to the initiatives taken by EU. Post the implementation of regulatory norms related to recycled paper, in 2015, nearly 45.3 million tons of used paper and paperboard were recycled across U.S. at a rate of 68.6%. The U.S. has thus been a major revenue pocket for North America wood, paper and paperboard recycling industry which generated a revenue of USD 3 billion in 2017. In addition, the surging prevalence of modern recycling technology trends across U.S. will have positive influence on North America wood, paper and paperboard recycling market outlook.

Meanwhile, the efforts put into effect by the industry giants, regulatory bodies, and regional governments have proved to be rather lucrative for the overall wood, paper, & paperboard recycling market. Many of the European and North American countries have successfully implemented recycling technologies to enhance the economic growth as well as environmental scenario across the region. In the years to come, the dedication of end-users and governments toward enhancing the sustainability and recyclability of wood and paper products is poised to push wood, paper and paperboard recycling market share. For the record, by the end of 2025, wood, paper and paperboard recycling industry will surpass revenue collection of USD 29 billion.

Author NameSunil Hebbalkar

uPVC Indian doors market to gain remarkable proceeds over 2017-2024, Maharashtra to drive the regional landscape

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The profitability quotient of Indian doors market is certain to escalate in the coming years, augmented by the thriving construction sector across the country. Driven by a plethora of factors such as growing Indian population demanding comfortable lifestyles, increasing public and private spending on refurbishment & construction activities, and encouraging governmental initiations toward infrastructural development, Indian doors industry size is expected to widen its horizon in the forthcoming years. In fact, estimates claim, private equity sector investment in real estate in India was over USD 6 billion in 2016.  As per a recent report put forth by IBEF (India Brand Equity Foundation), Indian real estate market is slated to record a massive valuation of USD 180 billion by 2020, another testament deemed to stimulate Indian doors industry trends in the coming years.

Maharashtra Doors Market Size, By Product, 2016 & 2024 (Thousand Units)
Maharashtra Doors Market Size, By Product, 2016 & 2024 (Thousand Units)

Over the past few years, there has been a significant transformation in consumers’ buying preferences with regards to artistic and aesthetics quotient, a factor that has brought innumerable innovations in door quality and texture. In this regard, it is prudent to mention that uPVC doors are creating a storm in the Indian doors industry, subject to their unique advantages such as better insulation, energy efficiency, thermal insulation, diversified color options, and minimum maintenance requirement. In fact, uPVC Indian doors market is expected to witness a y-o-y growth of 8% over 2017-2024. In addition to this, leading giants of Indian doors market are also investing in enhancing their product portfolio that not only claims technological incorporations but also are environmentally viable.

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KONE is considered as one of the forerunners in bringing eco-friendly to the Indian doors industry. The company offers a full range of industrial doors, loading bays, barriers, shutters for commercial and residential housing complexes. Reliable operation, durability, safety, and most importantly environmental competencies are some of the fortes that make KONE a renowned player in the Indian doors market. Some of the other renowned players in this space include Fenesta Building Systems, DORMA, Century, D. S. India, Duroplast Extrusions, Geeta Aluminum Company, Beautex, Kalco Alu-systems, Mahavir Aluminum, Sapa Building System, Reynaers Aluminum and Welltech Systems.

Speaking of geographical aspects, West Bengal, Delhi, and Maharashtra are some of the states where the industry observes quite profound growth. In fact, estimates claim that Maharashtra alone accounted for 12% of the overall Indian doors market share, having held a revenue of USD 180 million in the year 2016.  Strong pipeline of construction projects across residential, commercial, as well as industrial sectors has propelled the product demand in Maharashtra.  A crucial determinant that needs to be mentioned here- the state is the second most populous region of the country, a factor that has enabled it to be strong contributor toward the overall Indian doors industry share.  Another statistic that can be placed as a testament regarding the increasing refurbishment and maintenance activities in Maharashtra- as per the National population and housing survey of 2011, out of 3.36 crore registered houses in India, 2.98 crore were in Maharashtra. Taking into account these aforementioned aspects, Maharashtra is expected to continue to stand as a strong contender in the Indian doors market.

With the escalating construction space along and supportive government initiations toward manufacturing eco-friendly, fire resistant, weather proof doors for commercial and residential sectors, it is certain that Indian doors industry is all set to carve a lucrative path in the years ahead.  Experts believes that in the coming period, the business space will witness an influx of even more sustainable energy efficient doors. Having held a valuation of USD 1.2 billion in 2016, Global Market Insights Inc., forecasts Indian doors market size to exceed USD 2,800 million by 2024.

Author Name : Satarupa De