Aerospace Coatings Market outlook, regional growth & industry share by 2024

Aerospace Coatings Market to surpass USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc.Global aerospace coatings market size is expected to cross 16 kilo tons till 2024. High usage of these coatings in various aircrafts such as military, space, and commercial will primarily drive the industry over the forecast timeframe. Frequent rising air passenger traffic across the globe has led to increased deliveries of aircrafts, further positively influencing the industry demand.

Flourishing growth in international trade has resulted in the development of commercial aircraft, propelling the industry size. Various government bodies across the globe are investing significantly in aerospace sector, contributing towards revenue generation. For instance, in 2014, China invested over USD 3 billion in aviation industry to cater the rising demand of air traffic. These investments will further induce immense potential to the industry growth. However, the introduction of substitutes such as composite fuselage designs may pose a challenge to aerospace coatings market share over the forecast timeline.  

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Aircraft producers are focusing on using high quality paints and coatings in their manufacturing process. The business is witnessing regular innovations to reduce the overall manufacturing cost and enhance the product efficiency. Nano coatings has gained prominence in the industry in last decade owing to benefits offered such as resistance to dirt and retention of shiny colors for longer duration.

Polyurethane resins will account for over 55% revenue share in the aerospace coatings market over the forecast timeframe. High preference towards this resin can be attributed to its advantages such as high resistance to the UV rays and other damages including staining, chemicals, and abrasion. Extensive usage of these resins in new generation aircrafts such as Boeing 787 will further support the segment’s dominance.

Epoxy resins are anticipated to generate a demand of approximately 8 kilo tons by 2024. High usage of these resins in traditional aircrafts has resulted in high demand from maintenance, repair, and overhaul (MRO), fostering the industry growth. Additionally, consumer preference can be attributed to its cost effectiveness as compared to the counterparts.

Solvent based coatings will account for over 60% share till 2024. These coatings are less prone to environmental damages due to humidity and temperature. Moreover, the technology leads to considerable reduction in drying time which in turn drive the aerospace coatings market share over the forecast timeline. Water based coatings will exhibit over 6% CAGR from 2017 to 2024 owing to high usage in aircrafts. Environmental and regulatory compliance is another factor significantly contributing to the segment demand.

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OEM is expected to register over USD 580 million till 2024. High usage of coatings in aircraft manufacturing will primarily escalate the revenue generation. Rising number of aircraft deliveries has led to increased production of aircrafts, further strengthening the product penetration.

Commercial aircrafts are expected to dominate the industry with almost 35% business share by 2024. This can be credited to rising innovations in coatings such as chrome-free-technology. The new technologies are featured with advanced capabilities that offer cost saving. Enhanced coating products lower the overall fuel cost by USD 700 annually. Rising air passenger traffic along with increasing airline mergers across the globe will further propel the industry growth.

Exterior application will account for over USD 890 million by 2024 owing to high usage of aerospace coatings in exterior aircraft structural applications. Usage of coatings provides protection to the aircraft exteriors against cracking, erosion, and deterioration. Aerospace coatings market from interior applications will exhibit approximately 7% CAGR owing to rising usage of coatings for functional and decorative purposes. They are used for painting and upgrading the cabin interiors.

North America is expected to cross USD 350 million during the forecast period. Presence of multiple established manufacturers and introduction of new generation aircrafts including Boeing 787, Boeing 737 MAX, Airbus A350, etc. are primary influencing the product penetration across the region.

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Asia Pacific aerospace coatings market size is anticipated to exhibit over 7% CAGR from 2017 to 2024. This can be attributed to rising cargo and passenger traffic along with increasing international trade in emerging economies including India and China. Improving aviation infrastructure in the region will further support the region’s growth.

PPG Industries, Mankiewicz Gebr. & Co., Akzonobel, BASF SE, The Sherwin-Williams Company, Hentzen Coatings, and Mapaero are among the noticeable players in the aerospace coatings market share. Other prominent players include Brycoat.Inc, Zodiac Aerospace, Argosy International, Cheaerospacel, International Aerospace Coatings Holdings, and NVSC Speciality Coatings. Industry players are focusing on making huge investments for developing technologically advanced products. For instance, Akzonobel invests substantially in R&D to produce chromate free products that provide maximum protection and better service life.

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Aerospace Insulation Market outlook, regional growth & industry share by 2024

Aerospace Insulation Market to surpass USD 5 billion by 2024; according to a new research report by Global Market Insights, Inc.Global aerospace insulation is expected to cross 275 kilo tons till 2024. Rising need of developing lightweight aircrafts along with high demand from commercial and military industries will drive the industry growth over the coming years. Significant increase in air passenger traffic, especially in the developing countries will further boost the product demand. However, uncertainty in raw material availability coupled with recycling challenges may pose a threat to the industry manufactursers.

Manufacturers are continuously focusing on implementing fire resistant materials and advanced acoustics for enhancement of operational safety. Further, producers are trying to improve their distribution channel to strengthen their position in the industry. Looking forward, manufacturers have increased their production capacity coupled with investment in R&D to cater the rising demand for aerospace insulation globally.

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Usage of aerogels including carbon, polymer, or metal oxide is witnessing an emerging trend among the industry players. Benefits such as lightweight, low thermal conductivity, and enhanced safety will contribute significantly towards high deployment, ensuring strong growth to the aerospace insulation market over the forecast timeframe.

Thermal insulation is anticipated to capture almost 70% market share in the next eight years. High revenue generation is attributed to shifting consumer preference towards the product over its counterparts owing to reduced noise level and vibrations during flight hours. Low thermal conductivity that results in enhanced safety is another factor propelling the segment growth.

Electric insulation will exhibit over 8% CAGR over the coming years owing to its advantages such as efficient management of composites that are temperature sensitive and avoidance of overheating.

Ceramic materials will dominate the aerospace insulation market share surpassing USD 2.5 billion over the forecast timeframe. High acceptance of material from military and commercial aircrafts will primarily drive the industry growth. Its usage as heat shields for fire protection and aircraft thermal insulation will support the business growth. High tensile strength, chemical inertness, and high melting temperature are the factors strengthening product penetration till 2024.

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Fiber glass is poised to grow at over 6.5% till 2024. Rising need to maintain aircraft’s core strength comprising of internal fuselage structure will drive aerospace insulation market. Its usage in electric insulation for the aircraft structure and mechanical support will further escalate the revenue generation.

Aerospace insulation market from commercial aircrafts will exhibit maximum share of over USD 3 billion over the next eight years. Air passenger traffic in Germany is expected to increase from 105 million in 2014 to over 175 million by 2030. Consistently rising local and international air traffic globally will instigate the demand from these aircrafts.

Helicopters is set to grow at over 9% owing to high demand of insulation for noise reduction. Military aircrafts will grow substantially owing to increasing defense budget in various countries. For instance, allocated defense budget in U.S. will cross USD 820 billion by 2018.

Aerospace insulation market from airframe is expected to cross 180 kilo tons by 2024. The segment registered the revenue share of over 70% in 2016 and is expected to maintain its dominance in the forecast timeframe. Frequent advancements in usage of lightweight materials have drastically changed component’s structure composition, escalating the revenue generation. High deployment of composites in commercial aircrafts have induced immense potential to the industry size owing to development of various aero-structures.

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Fixed wing is anticipated to account for over 80% revenue share over the next eight years. increasing usage for thermal and acoustic insulation will fuel the demand. Further, usage for cabin interiors, weather protection covers, and ancillary ground support equipment will support the revenue generation.

North America will account for over USD 2 billion till 2024. Increasing air passenger traffic in developed countries has led to a substantial rise in aircraft deliveries, propelling the aerospace insulation market in the region. The region accounted for over 9000 aircraft deliveries in 2016.

BASF SE, Triumph Group, Rogers Corporation, and DuPont are among the prominent players in aerospace insulation market. Other considerable manufacturers include Zodiac Aerospace, Esterline Technologies, Zotefoams, and Evonik Industries. Mergers & acquisitions are certain strategies adopted by the producers to gain a competitive edge. For instance, in October 2013, Triumph Group acquired Chase Corporation due to its vast insulation product line. The acquisition helped the company to expand its product portfolio and customer base.

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Nanosilver Market statistics and research analysis released in latest report

Nanosilver Market size is poised to exceed USD 3.3 billion by 2024; according to a new research report by Global Market Insights, Inc.

Robust demand for anti-microbial coating across food & beverage industry, healthcare, consumer applications, personal care, etc. will boost nanosilver market size. This is chiefly due to anti-microbial properties possessed by product which helps across several applications in the aforementioned industries. For instance, in the medical industry, product is used to manufacture tubes, bandages, ointments, etc.

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Sturdy growth in nano-technology based consumer electronics in North America will help in attaining promising gains in the nanosilver market size in the coming years. It is extensively used in manufacturing electronic devices & equipment owing to its high thermal & electrical conductivity in inks, pastes and adhesives. Increasing demand for superconductors is expected to bolster growth of the nanosilver market which is credited to space restraints which is otherwise required for conventional cables. In addition, demand for nanosilver inks is growing due to need for higher resolution ink required in printed electronics, especially in gravure, inkjet and flexographic printing. These trends are anticipated to make noteworthy contribution to nanosilver market size.

Strict laws and standards formulated by the U.S. EPA, FIFRA and other regulatory agencies against product applications due to its harmful implications on environment & human health will obstruct nanosilver market size. In addition, high product cost will be another factor which is likely to hinder nanosilver market size.

Nanosilver market size for physical mode of synthesis attained a prominent industry size which is anticipated to rise at a moderate rate by 2024. In physical mode, it is synthesized by evaporation and condensation which is carried using tube furnace at atmospheric pressure. However, this mode is not preferred for product generation as tube furnace occupies large space and consume large amount of energy which needs significant amount of time to achieve thermal stability. Biological and chemical reduction mode of synthesis are usually preferred owing to several advantages including cost-effectiveness, energy efficient, etc. which is likely to help propel nanosilver market size in the forecast spell.

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Water treatment industry for nanosilver market size will witness growth close to 11% during the forecast timespan. This is primarily due to improving standards & legislations towards human health & environment primarily in the emerging economies which is likely to drive product demand over the projected timeframe. Product is extensively used as a disinfectant in drinking water supplies due to its biocidal properties.

In 2016, Asia Pacific nanosilver market size contributed close to USD 300 million. Considerable industry growth rate will be witnessed in the region owing to sturdy pace of food & beverage, water treatment, personal care, textile and healthcare industry which is credited to improving socioeconomic factors. Moreover, improving health standards in Asia Pacific led to formulation of strict legislations to improve human health & environment is another factor which is likely to contribute effectively towards nanosilver market size in the coming years.

Key nanosilver industry share contributors are Creative Technology, Blue Nano, NovaCentrix, NanoMas Technologies, RAS, SILVIX, Bayer MaterialScience, Cambrios Technologies and Inkron.

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Man-Portable Military Electronics Market Size By 2017 – 2027

A Global Man-Portable Military Electronics Market Landscape Assessment: Trends, Forecasts and Opportunities in a Growing Market

Global Man-Portable Military Electronics Market 2017-2027 With military operations becoming highly sophisticated around the world there is an increase in the demand for portable electronics for quick response, which resulted in several key defense spenders to invest heavily in this market of man-portable electronics devices. Increasing focus on soldier modernization program and rising demand for new man-pack communication devices as well as wearable night vision, thermal imaging systems and M-UAV is contributing significantly to the growth of the global man-portable electronics market.

Global Man-Portable Military Electronics Market 2017-2027 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for man-portable electronic systems, key market trends, and challenges faced by industry participants.

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Scope

  • The global man-portable military electronics market, valued at US$4.7 billion in 2017, is projected to grow at a CAGR of 3.29% over the forecast period, to reach US$6.4 billion by 2027 and cumulatively value US$55.6 billion.
  • The market consists of three categories: communication, ISTAR and force protection.
  • The market is expected to be dominated by communication segment, which will account for 56.7% of the market, followed by ISTAR and force protection segments with shares of 28.4% and 14.9% respectively. North America is projected to dominate the sector with a share of 37.8%, followed by Asia Pacific, with an estimated share of 36.0%

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Reasons to buy:

  • Determine prospective investment areas based on a detailed trend analysis of the global man-portable electronics market over the next ten years
  • Gain in-depth understanding about the underlying factors driving demand for different man-portable electronic systems segments in the top spending countries across the world and identify the opportunities offered by each of them
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
  • Identify the major channels that are driving the global man-portable electronics market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military man-portable electronics market
  • Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top man-portable electronic solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available

 

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Worldwide Unmanned Aircraft System Market Size (Value), Share, Trends, Growth, Reviews, Company Profiles & Forecast 2017 to 2022

This report studies Unmanned Aircraft System in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.

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The competitive landscape of the Unmanned Aircraft System market profiles the key players participating in the global business space. These include Lockheed Martin, Northrop Grumman, Boeing, Da-Jiang, Parrot SA, 3D Robotics,     AeroVironment, Xaircraft, AscTec. The report also details the market positioning, strategies, and revenue procured by each of these manufacturers.

The industry is analyzed in terms of products, applications, regions, and the key manufacturers holding a prominent share of the global revenue.

The product landscape of the Unmanned Aircraft System market comprises     Fixed Wing, Rotary Wing Each product has been analyzed in terms of its production, capacity, and consumption. The report further details the market share to be procured by each of these products over the coming years.

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In terms of end-user or applications, the report is segmented into Commercial,     Military, Consumer, Others. A detailed analysis of the contribution of these application segments to the overall market revenue and volume has been included in the report.

The regional segmentation of the report includes North America, Europe, China, Japan, Southeast Asia and India. Detailing the consumption and production rate of Unmanned Aircraft System in these regions, the report outlines the growth curve of this industry in terms of market volume and share over 2016-2022.

Major Points in Table of Contents 

Global Unmanned Aircraft System Market Research Report 2017

Global Unmanned Aircraft System Market Overview

Global Unmanned Aircraft System Market Competition by Manufacturers

Global Unmanned Aircraft System Industry Capacity, Production, Revenue (Value) by Region (2012-2017)

Global Unmanned Aircraft System Industry Supply (Production), Consumption, Export, Import by Region (2012-2017)

Global Unmanned Aircraft System Market Production, Revenue (Value), Price Trend by Type

Global Unmanned Aircraft System Market Analysis by Application

Global Unmanned Aircraft System Industry Manufacturers Profiles/Analysis

Unmanned Aircraft System Manufacturing Cost Analysis

Industrial Chain, Sourcing Strategy and Downstream Buyers

Marketing Strategy Analysis, Distributors/Traders

Market Effect Factors Analysis

Global Unmanned Aircraft System Market Forecast (2017-2022)

Research Findings and Conclusion

Appendix

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Automotive Aftermarket Share, by Trends, Forecast 2016-2024 (USD Billion)

Global Automotive Aftermarket Industry is slated to expand exponentially over the coming years with an estimated target revenue of USD 680 billion by 2024. The rising automotive industry coupled with the consumer preference for maintained and efficient vehicles will boost the automotive aftermarket industry size in the years ahead. In addition to this, the average life of the vehicles has seen a significant surge which leads to frequent repair demand, in turn creating lucrative growth prospects for this business space.

Government regulations pertaining to carbon emissions from vehicles is also providing a noticeable push to automotive aftermarket industry.  A major focus is toward improving the overall vehicle efficiency which is derived from lower fuel emissions. For instance, Corporate Average Fuel Economy (CAFÉ) and European legislations are imposing strict norms for enhancing the efficiency of the vehicles.

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The increased average lifespan of the automobiles is a significant factor generating huge avenues for the automotive aftermarket industry. Latin America, in this regard, is witnessing a huge demand for automotive aftermarket products and is forecast to witness a CAGR of 5% over the timeframe of 2016-2024. The growth can primarily be attributed to the demand in Mexico where more than 50% of the vehicles are aged more than 10 years and require repair and maintenance frequently.

Favorable FDI policies will also drive the global automotive aftermarket industry share substantially.  Asia Pacific will be one of the major regions driven by this trend, with an estimated annual growth rate of 6% over the coming seven years. Moreover, poor road conditions, particularly in the developing countries coupled with rising disposable income of the consumers will also push the regional growth. Europe automotive aftermarket industry is projected to witness gains at over 4% during the estimated timeframe, primarily driven by the demand across Germany and UK. The large presence of OEMs and a huge customer base will be the prime factors favoring the regional demand.

Technological advancements in the automotive industry has led to an appreciable sale of the replacement aftermarket products, particularly the electrical components and brakes which almost accounted for 50% of the overall replacement product sales. As per the estimates, the overall replacement automotive aftermarket revenue was approximately worth USD 350 billion in 2015. Other than this, accessories, driven by the demand of customized vehicles, will also contribute significantly to the global automotive aftermarket industry share.

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Service cost and customer satisfaction are the two major factors deciding the growth of the aftermarket sales outlets. Professional channel is the key revenue generator for the overall automotive aftermarket industry, having collected a revenue of USD 300 billion in 2015. High level of customer satisfaction via these authorized channels will push the growth over the years ahead. DIY is also emerging as a profitable segment for this market, driven by cost-effectiveness and easy availability of replacement parts via this channel.

The industry with the presence of varied service channels is quite fragmented and competitive. To sustain the competition and retain the market value, the players need to upgrade the product quality and enhance the brand recognition and regional presence. With customer satisfaction being a key parameter for the automotive aftermarket industry growth, product quality and service affordability will define the success of the market players. Notable industry participants include Denso Corporation, Continental AG, Magneti Marelli, 3M Company, Akebono Brake Corporation, Yazaki, Cooper Tire & Rubber Company, Lear Corp, ALCO Filters, Magna International, Johnson Controls, and BASF.

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Airport Surveillance Radar Market – Advanced Technologies & Growth Opportunities in Industry By 2022

In this report, the global Airport Surveillance Radar market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

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The competitive landscape of the Airport Surveillance Radar market profiles the key players participating in the global business space. These include as      Indra Sistemas, Northrop Grumman, Raytheon, Lockheed Martin, Rockwell Collins, Intelcan, Thales, Harris Corporation, Leonardo-Finmeccanica. The report also details the market positioning, strategies, and revenue procured by each of these manufacturers.

The industry is analyzed in terms of products, applications, regions, and the key manufacturers holding a prominent share of the global revenue.

The product landscape of the Airport Surveillance Radar market comprises    Primary Radars, Secondary Radars.Each product has been analyzed in terms of its production, capacity, and consumption. The report further details the market share to be procured by each of these products over the coming years.

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In terms of end-user or applications, the report is segmented into Military Airports, Civil Airports. A detailed analysis of the contribution of these application segments to the overall market revenue and volume has been included in the report.

The regional segmentation of the report includes United States, EU, China,   Japan, South Korea, Taiwan. Detailing the consumption and production rate of Airport Surveillance Radar in these regions, the report outlines the growth curve of this industry in terms of market volume and share over 2016-2022.

Major Points in Table of Contents 

Global Airport Surveillance Radar Market Research Report 2017

Global Airport Surveillance Radar Market Overview

Global Airport Surveillance Radar Market Competition by Manufacturers

Global Airport Surveillance Radar Industry Capacity, Production, Revenue (Value) by Region (2012-2017)

Global Airport Surveillance Radar Industry Supply (Production), Consumption, Export, Import by Region (2012-2017)

Global Airport Surveillance Radar Market Production, Revenue (Value), Price Trend by Type

Global Airport Surveillance Radar Market Analysis by Application

Global Airport Surveillance Radar Industry Manufacturers Profiles/Analysis

Airport Surveillance Radar Manufacturing Cost Analysis

Industrial Chain, Sourcing Strategy and Downstream Buyers

Marketing Strategy Analysis, Distributors/Traders

Market Effect Factors Analysis

Global Airport Surveillance Radar Market Forecast (2017-2022)

Research Findings and Conclusion

Appendix

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Open Cell Spray Polyurethane Foam Market held close to 50% share of the total industry

Spray polyurethane foam market is segmented, based on product types, into open cell, close cell, and other products such as high-density spray polyurethane foams, construction adhesives, etc.

Spray Polyurethane Foam (SPF) Market size will likely surpass USD 2.5 billion by 2024; according to a new research report by Global Market Insights, Inc.

Growing construction industry in Asia Pacific and the U.S region will likely fuel spray polyurethane foam market in forecast spell. It is extensively used on building walls and roofs owing to its heat transfer characteristics. Rising quality homes demand in emerging countries driven by shift in income level will augment the product demand in coming years.

In 2016, the overall spending on construction activities was over USD 5 trillion and it is likely to reach around USD 8 trillion by 2024. In Asia Pacific, high GDP growth has led to an increase in construction activities across various segments including roads, residential and industrial. In North America, spray polyurethane foam market demand is primarily driven by government regulations for energy efficiency coupled with high demand from the reconstruction sector.

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Currently, the energy crisis is a key concern round the globe which has compelled end-use consumers such as commercial and residential builders to look for energy efficient structures. SPF is used to cover holes and cracks in ceiling and walls and to insulate the structures, thus reducing energy loss. These foams also help to avoid any air or soil pollutant from entering the structure, thereby maintaining a healthy environment in the buildings.

Raw material price volatility may hamper the spray polyurethane foam market in future due to the continuous fluctuation in crude oil prices. Spray polyurethane foam price is primarily dependent on the polymer based products such as isocyanates etc. which are crude oil derivatives. Additionally, the raw materials used in making the product may result in several health issues such as asthma, skin irritation, etc. This may be a key restraint factor for market growth in forecast spell.

Spray polyurethane foam market has been segmented on the basis of product and application. Among product types, open cell foams held close to 50% share of the industry in 2016 owing to its extraordinary features include thermal insulation, low carbon footprint and minimize the air filtration. It is extensively used for the building interiors owing to its permeability towards air and moisture.

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The application segment of spray polyurethane foam market includes commercial walls, residential walls, commercial roofing, and residential roofing. Increasing demand for decent quality materials for house and infrastructures will propel the spray polyurethane foam market demand in future. Among these, residential roofing applications held a significant share of around 30% of the global spray polyurethane foam market in 2016.

Based on regions, North America registered more than USD 650 million for the spray polyurethane foam market in 2016 and will escalate at a notable rate in coming years. The region is likely to experience high growth owing to favorable government regulations, which endorse energy efficient infrastructure. Asia Pacific followed North America in 2016, accounting to almost 305 of the global share.

The top companies in the spray polyurethane foam industry include BASF, Bayer, Dow Chemical, and Lapolla which holds over 45% of the company market share. Other key players include Icynene, CertainTeed, Premium Spray Products, NCFI Polyurethanes, Rhino Linings, and Demilec to name some.

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Aerospace Composites Market Segmented by Product Type, Top Manufacturers, By End-User Industry, Geography Trends & Forecast 2024

Aerospace Composites Market analysis is provided for the Global markets including development trends, competitive landscape analysis, and key regions development status.

Huge investments by various governments in aerospace business will spur the aerospace composites market growth till 2024. The economies that are witnessing rapid growth in aerospace industry are forecasted to possess robust growth prospects over the coming years. These investments will contribute significantly towards the high revenue generation over the next eight years. However, complex manufacturing processes may hamper the aerospace composites market growth.

Aerospace Composites Market is estimated to surpass USD 5 billion by 2024; according to a new research report.

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U.S. precision gearbox market to witness massive gains over 2016-2024, rising automation to push the growth

Global precision gearbox market is likely to follow an exponential track driven by rising automation in the material handling, robotics, F&B, and packaging sectors. The manufacturing industry is emphasizing on technological improvements to make gearbox more energy efficient.

Precision gearbox is machined to offer more than 90% of efficiency, offering high torque multiplication. Thus, increasing demand for tailored versions of standard gear will spur precision gearbox industry share. With a registered revenue of USD 1.85 billion in 2015, precision gearbox market is estimated to register a CAGR of 5.2% over the period of 2016-2024.

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At present, the global precision gearbox market is highly fragmented as local manufacturers are spreading their roots in occupying a significant industry share by providing competitive cost benefits to customers. Major market players comprising Brevini, Siemens AG, and SEW Eurodrive have established a firm grip and control over the business space, thus creating a reputable brand identity.

Increasing demand in processes such as fluid injection, products transfer via conveyor belt, positing, and precise turning will accelerate precision gearbox industry growth. Right angle gearbox market is gaining considerable traction, owing to its flexibility within limited construction space.  Rising demand for miniature, lightweight, and highly precise gears will augment parallel and planetary precision gearbox industry.

Surging requirement for operational efficient machineries and automation will lead to a potential upswing in automated material handling application. Precision gearbox market in robotic applications is set to witness a Y-O-Y growth rate of 6.5% over the period of 2016-2024. Furthermore, food & beverage and tobacco applications, worth USD 170 million in 2015, are also slated to be effective revenue contributors by providing sustainable production, transportation, and production solutions.

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In terms of regional split, U.S. precision gearbox industry, having had over 80% of the overall share in 2015, is booming on account of rising automation requirement in the region. Adoption of regulatory norms regarding effective energy consumption will deliver favorable growth avenues. China market, worth USD 270 million in 2015, is also set to witness escalating economic growth, which in turn will propel product sales in the region.

Precision gearbox industry has contributed significantly in applications that can withstand low speed and high torque. Automation in manufacturing bases will provide high potential by ensuring value creation. This industry demands constants innovation and advancements in technology, as the gearbox is an integral part of many systems and industries.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
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