Fiberglass Duct Wrap Insulation Market trends research and projections for 2018- 2024

Residential application is the fastest growing segment in the Fiberglass duct wrap insulation market registering over 350 million square meters by 2024. Government initiatives and supportive policies on development of residential construction will drive the industry growth. Innovations in production process and increasing R&D investments are among major factors supporting the industry demand.

Fiberglass Duct Wrap Insulation Market size is estimated to exceed USD 2 billion by 2024; according to a new research report by Global Market Insights, Inc. Strong outlook in external insulation of residential and commercial heating, dual temperature and air conditioning components will propel the fiberglass duct wrap insulation market size. Enhanced thermal resistance leading to lower energy usage and improved system performance are among the key properties driving the product penetration. In addition, improved comfort control, easy installation, flexibility and condensation controlling features will offer a positive outlook for industry growth.

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Stringent government regulations on essential and optimum fabrication on residential and commercial HVAC components to improve energy efficiency will propel the fiberglass duct wrap insulation market demand. Moreover, several standards enacted for the product installation by government and institutional bodies will support the product penetration. Rising demand for insulating products along with technological advancements and product innovations will fuel the industry growth.

Growth in global construction industry due to rapid urbanization and changing lifestyles will propel the product demand. Increasing product adoption in commercial as well as residential applications is expected to propel the fiberglass duct wrap insulation market growth. Improved noise control & indoor air quality, high energy efficiency along with competitive costs than non-fibrous glass solutions are among key properties stimulating the industry growth.

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Shifting preference for duct-based HVAC equipment including unitary air conditioning particularly for the commercial buildings will support the industry demand. Rising awareness for energy conservation and sustainable solutions among builders and contractors has stimulated the product scope. Increasing raw material costs will have a direct impact on the fiberglass duct wrap insulation price trend. However, limited applicability may hamper the product scope particularly in components conveying solids or corrosive gases and kitchen & exhaust applications.

Asia Pacific is anticipated to witness growth over 6% from 2018 to 2024. Growing population along with rising awareness for energy conservation and reducing energy cost are among key properties driving the industry demand. Growth in commercial and residential building constructions especially in China and India will support industry demand.

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North America fiberglass duct wrap insulation market dominated the revenue share valuing over USD 600 million in 2017. Growing number of commercial buildings in the country including shopping malls, hotels, retail outlets, restaurants and warehouses are enhancing the product demand. Increased preference for glass wool over other materials provides a positive outlook for the product demand.

Owens Corning, Johns Manville, CertainTeed and Knauf are among major fiberglass duct wrap insulation manufacturers. Global industry share is highly competitive due to presence of both multinational companies and regional players. New product launches, mergers and acquisitions, production capacity expansion, R&D investments and collaborations are among major strategies adopted by fiberglass duct wrap insulation market participants. Other considerable companies include Manson, Twiga, Mag-Isover, Frost King and Lamtec Corporation.

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Bucket Trucks Market trends research and projections for 2018- 2024

UK Bucket Trucks Market is anticipated to witness growth owing to the booming construction sector in the region. The sturdy structure of these trucks and the wide variety of designs available make the trucks a convenient option for applications in the telecommunication sector. Increasing penetration of smartphones across various regions coupled with the need for enhanced telecom infrastructure for improved connectivity is expected to propel the bucket trucks market growth.

The Bucket Trucks Market is expected to experience growth owing to the rising demand from the telecommunication sector. Several countries are focusing on increasing investments to enhance and refurbish their existing telecom infrastructure. Growing penetration of telecom companies in emerging economies and their efforts to expand the network are further boosting the demand for the boom trucks market.

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The presence of major rental companies such as Riwal, Kiloutou, and Haulotte Group will aid the industry growth in the country. With the construction sector focusing on replacing traditional construction techniques with modern advanced machinery, the bucket trucks market is anticipated to witness a substantial growth. In addition, the industry will flourish in the UK due to the demand from the utility and telecom sectors. However, geopolitical uncertainties, continued slowdown in the international trade, and the impact of the UK’s announcement to leave the European Union may create market risks for several companies.

Boom Trucks (Bucket Trucks) Market size is set to exceed USD 1.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing infrastructure investments coupled with the growing construction sector is anticipated to drive the bucket trucks market over the forecast timeline. Several countries in Asia Pacific, Europe, and the Middle East are undertaking large-scale projects to refurbish the existing infrastructure. Bucket trucks facilitate easy lifting of people at heights, where ladders cannot be utilized.

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Increasing demand for leasing and used equipment is anticipated to limit the bucket truck market growth over the forecast timeline. In addition, rising cost associated with the maintenance and upkeep of this equipment is posing a major challenge to the end users. The maintenance of bucket trucks is a complex task that involves a lot of steps such as checking the engine, transmission, power steering, the condition of belts, maintenance of tires, checking of wheels and rims for damage, and battery conditions. OSHA and ANSI regulations require that the machine must undergo regular inspections to ensure that it offers optimum performance thereby ensuring operator safety.

Insulated bucket trucks are gaining importance owing to their applications in the utility sector. Many regions are witnessing increasing government initiatives to upgrade their existing power grids. These initiatives to upgrade are a result of the increasing demand for high-quality reliable power. The expanding power grid structure has led to a rise in the demand for the utilization of these trucks in upgrading power grids. These trucks are the most sophisticated machines to safely convey linemen to large heights where they are expected to work to improve, maintain, and manage electric power distribution and telecommunication network. Rising demand for these trucks from the utility and power sector will provide significant growth opportunities to the bucket trucks market growth.

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Population growth, environmental impacts, and urbanization have driven the need for smart and sustainable infrastructure solutions. Countries including India and China are preferring reliable lifting equipment over the traditional construction techniques to ensure operator safety. Major construction projects such as Al Maktoum Airport, Dubai; Beijing Airport, China, and the industrial city project Jubail II in Saudi Arabia will propel the boom trucks market growth.

Key players operating in the bucket trucks market include Aichi Corporation, Axion Lift, Manitex International Inc., Versalift, Terex Corporation, Palfinger AG, Socage S.R.L, Altec Corporation and CTE Group. Companies are trying to expand their regional presence by acquiring smaller companies and expanding their product portfolio. Stringent regulations pertaining to operator safety are compelling manufacturers in the bucket trucks market to enhance their product portfolio by incorporating advanced safety measures.

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Molded Plastics Market trends research and projections for 2017- 2024

The Molded Plastics Market is likely to grow due to factors such as growing packaging and petrochemical industry, using plastics in manufacturing household care products, use of plastic components in consumer electronics, and rise in consumption of molded plastics in the automotive industry. The process of using a rigid frame for shaping plastic is called plastic molding. These are synthetic compounds that can be sculpted into various shapes based on application. Molded plastics can be redesigned by adding pigment to their synthetic polymers.Molded plastics have various desirable properties such as versatility, elasticity, insulation, high strength and low maintenance, which are essential for construction and automobile components. Polyvinyl chloride is used in manufacturing insulation tapes, cables, and other construction materials. Both Polyethylene and polypropylene are used in manufacturing gas pipes, drainage pipes, electrical conduits, windows, doors, flooring tiles, etc.

Global Molded Plastics Market size will experience a dynamic growth between 2018-2024 owing to growing packaging and petrochemical industry, using plastics in manufacturing household care products, use of plastic components in consumer electronics, and rise in consumption of molded plastics in the automotive industry.

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The healthcare sector growth is increasing the demand for molded plastics packaging for pharmaceuticals, liquid drugs, and restorative devices. The static properties of the product, along with its durability, versatility, and light weight, make it a feasible choice for packaging medical products. For example, thermoformed molded plastics are used for air-tight sealing, whereas injection molded plastics is appropriate choice for packaging disposable syringes.

Global molded plastics market can be segmented into different forms based on product, technology, application, and topography. By product, the molded plastics are classified into polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS), polypropylene (PP), polyethylene terephthalate (PET), polycarbonate and engineering plastics. PE is the most commonly used product, mainly due to its significant usage in consumer goods, especially in packaging. PET segment will witness growth on the account of its extensive usage for manufacturing food & beverage containers. PP has emerged as the largest raw material segment owing to its rising penetration in finished products like food packaging, protective caps in electrical contacts, and battery housings are likely to drive its demand in the future.

Based on technology, the molded plastics market is segmented into injection molding, blow molding, extrusion, thermoforming, & others. Extrusion process is relatively economical than its other counterparts and majorly deployed in bulk manufacturing of bottles and cans. Injection molding enable companies to increase their output in much shorter period of time with assorted moldable designs. The machinery & mold cost of extrusion is moderately low than that of injection blow mold because of low pressure requirement which is an extra benefit to processing.

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The application areas of the molded plastics industry are building & construction, automotive & transport, electronics & consumer goods, packaging, healthcare, and others such as textiles, marines, railways, etc. Increasing plastics usage in automotive parts along with surge in passenger and heavy-duty commercial vehicle production, especially in Asia and LATAM, will likely to propel the molded plastics market growth over the forecasted period.

Lastly, GCC union play a major role in the overall expansion of the global molded plastics market, representing the alliance of world’s leading producers of crude oil and downstream petrochemical products, which is a crucial raw material required in production of synthetic polymers, are the major exporters of raw polymer across the globe.

The molded plastics market competitive landscape includes key players such as Chevron Philips Chemical, Chen Hsong holdings, BASF, Eastman chemical, Sumitomo Heavy Industries, Exxon Mobil, DuPont de Nemours & Company, Huntsman, INEOS Group, LyondellBasell Industries, Reliance Industries, and SABIC. Top regional players cover vast product portfolio which caters to diverse industry demands, multifunctional quality, price and product compliances are expected to be the future industry trends over the forecasted period.

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Global $7 Billion Centrifugal Air Compressor Market Forecast, 2024

HVAC centrifugal systems market: Increasing adoption of cost effective measure to reduce global energy consumption and carbon footprint will trigger systems replacement demand. As per industry estimates, over 85% of U.S. buildings are air conditioned, therefore substitution of new systems with enhanced technology will support HVAC centrifugal systems market growth.

HVAC Centrifugal Compressors Market size is estimated to exceed USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc.

Consistently rising demand for chillers and heat pumps to keep buildings at ideal temperature, is a key factor driving HVAC centrifugal compressors market growth. Aspects such as technological advancements and increasing necessity for energy efficient systems to reduce overall cooling time are among key factors fueling industry penetration.

Increasing commercialization, improving government finances and public funding in economies including India, Mexico, and South Africa will provide strong business outlook for HVAC centrifugal compressors industry. Rise in consumer purchasing power and economic growth in these countries expected to propel construction of new shopping malls and hotel chains over the forecast period.

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Increasing adoption of cost effective measure to reduce global energy consumption and carbon footprint will trigger systems replacement demand. As per industry estimates, over 85% of U.S. buildings are air conditioned, therefore substitution of new systems with enhanced technology will support HVAC centrifugal systems market growth.

Depleting natural energy resources and the constant global warming challenge putting pressure on manufacturers to launch products that meet the international standards as well as contribute towards environmental sustainability. Companies are expected to invest in new product developments to comply with stringent energy standards implemented by the regulatory bodies.

Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are major application areas. Strategic government initiatives to promote economic cooling solutions, coupled with rising environmental concerns, will stimulate HVAC centrifugal systems penetration rate. Implementation of certification programmes such as Leadership in Energy and Environmental Design (LEED) certified buildings will positively impact the industry expansion.

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Heat pumps for industrial application accounted for over 70% industry share in 2016. Increasing demand for renewable energy sources along with government support through subsidies will propel the HVAC centrifugal systems growth. Shift in industry concern towards GHG emission effects from conventional warming equipment is the key factor supporting product application scope. Increasing popularity of heat pumps over conventional warming systems likely to foster segment growth.

Browse key industry insights spread across 220 pages with 253 market data tables & 9 figures & charts from the report, “HVAC Centrifugal Compressors Market Size By Application (Chillers [Industrial, Commercial], Heat Pumps [Industrial, Commercial]) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Sweden, Switzerland, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, South Korea, Vietnam, Mexico, Argentina, Brazil Saudi Arabia, Qatar, Kuwait, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”

Asia Pacific chillers market is expected to hold over 50% market share by 2024. Escalating demand for centralized cooling systems supported by large consumer base will drive regional HVAC centrifugal systems market size. The region accounts for over 60% of the world population and increasing infrastructural development will provide lucrative opportunities for manufacturers over the forecast period.

MEA is expected to witness noteworthy growth over the forecast period. Increasing industrial and commercial spending in emerging countries mainly Saudi Arabia, Qatar, and Kuwait influencing HVAC centrifugal systems market size. Government focus to boost regional tourism sector competitiveness driving rapid construction of hotels, supermarkets, sports, cinema, and recreational multiplexes. These factors are expected to propel regional industry growth.

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Global industry share is fragmented in nature. Major players include Atlas Copco, Danfoss, Hitachi, Mitsubishi Heavy Industries, and SKF. Other key industry participants are Howden Group, Celeroton, Ingersoll Rand, GFA Compressors, and Elliott Group.  Superior products offering, economical compressor technology and after sales service are the major concern areas for the manufactures. Thus, manufacturers are expected to enhance their technical expertise to gain competitive advantage over the forecast period.

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Geosynthetics Market trends research and projections for 2017- 2024

Geotextiles, an integral product vertical of Geosynthetics Market, have been experiencing a preferential position in today’s construction projects such as upkeep of roads, dams, harbors, airfields, and canals.  This is due to the fact that non-woven geotextiles provide viable solutions to projects where conventional granular construction materials are not readily available.While civil workers were initially reluctant of deploying these new filter materials, the notable difference it has brought in designing the base and stabilizing the terrain, has led to an increased geotextile consumption in repair activities. Aided by the benefits of its inherent superior properties like permeability, retention, porosity, retention, and tensile strength, experts claim that geotextile market from pavement repair applications is expected to exceed USD 480 million in 2024.

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The profitability quotient of geosynthetics industry is market is forecast to escalate tremendously over the ensuing years, primarily augmented by the transformative construction industry. In response to the material being typecast as one of the well-established construction materials for environmental and geotechnical applications, geosynthetics industry, in the year 2016, pegged a valuation of USD 7 billion.

It goes without saying that these synthetic materials have had played an instrumental role in resolving critical civil engineering issues since decades, where deployment of conventional construction materials are considerably restricted. However, research advancements of recent years have widened the application horizon of geosynthetics market to such an extent where construction workers are readily seeking to exploit the maximum potential of the materials using more powerful construction methods and design.

A recent precedent aptly depicting penetration of geotextiles in critical construction projects is Canada’s permanent road to Arctic coast. Reportedly, the 120km highly construction involved integrating of geotextile fabric between the road and the ground by employing a fill technique that ensures projection of the permafrost. Experts claim this to be one of the flagship projects that the regional geosynthetics marketplace has lately witnessed, given the fact it is Canada’s first ever road linking the country’s Artic coast with the towns of Inuvik, which until now were only accessible by airplane.

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Citing another noteworthy instance in geosynthetics industry- recently the national airport in Minsk has made to the headlines with the announcement of its plan of renovating the primary runway. Amidst the various initiatives implemented by the regional government under this runway reinforcement project, it is reported that the new runway would comprise of a base layer that is reinforced with Multitex PET from Machina. Allegedly, these geotextile-geogrid materials manufactured by Machina not only deliver excellent runway reinforcement but also ensure proper drainage support and soil separation.

The commercial production of geosynthetics involves raw materials like PVC, polyethylene, polypropylene, EPDM, and Polyester. Thus, it is quite conspicuous that any fluctuations in the price trend of these intermediates would have a direct impact on the revenue graph of geosynthetics industry, on account of their extensive demand from other burgeoning domains.  Companies partaking in geosynthetics market, in a bid to respond to this challenge, are increasingly focusing on production capacity enhancement and strategic collaborations to expand their business beyond regions. For instance, toward the end of last year, Groupe Solmax, the Canadian based geosynthetics market giant, acquired Quebec headquartered GSE Environmental from a private equity firm named Littlejohn & Co. and funds owned by investment manager, Strategic Value Partners.

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Amidst such a backdrop where smart construction, a blend of operational efficiency and environmental viability, has become the prime focus of civil engineering sector, it is undeniable that geosynthetics industry is yet to unfold a slew of opportunities. Add to it, the stringent environmental norms enforced by international regulatory bodies like EPA and REACH on constructional projects will further play their cards in complementing the overall business growth in the coming years. As per Global Market Insights, Inc., in terms of commercialization, global geosynthetics market size is slated to exceed a valuation of USD 12 billion by 2024.

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Energy Efficient Coatings Market 2017 to 2024, key industry players & growth trends

Energy Efficient Coatings Market size will witness significant growth during forecast timeframe owing to its increasing application outlook in automotive, electrical, construction, transportation and furniture industry. Growing consumer inclination towards environment friendly and energy saving products also should signify positive industry outlook driving product demand.Global construction industry is expected to surpass USD 13 trillion by 2024 owing to rising urban population in emerging economies like Brazil, Thailand, Indonesia and Argentina. Increasing construction frequency of commercial buildings & skyscrapers along with growing demand for energy efficient & smart construction should propel industry growth. Energy efficient coatings lowers internal building temperatures preventing heat island effect driving down energy cost for cooling systems.

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Europe automotive manufacturing industry sized to be over USD 1 trillion along with sales of over 17 million units in 2014.  Energy efficient coatings find extensive application scope in automotive industry owing to stringent environment protection regulations pertaining to emission control & fuel efficiency. These coatings are used in rooftop panels to control cabin temperature increasing HVAC efficiency, translating into higher fuel economy and reduced pollution driving energy efficient coatings product demand.

Energy efficient coatings are also widely used in aerospace & defense industry to insulate exhaust systems, aerodynamic fairings, fire barriers, heat shields, suppression systems and nacelle fire walls which operate under extreme high temperature ranges. They offer to control operating temperatures by reduced energy loss, UV protection, improved performance and significant protection from corrosion under insulation.

Product range for energy efficient coatings are based on acrylic, epoxy, polyester & epoxy-polyester materials. Epoxy based products are used in electrical industry as dielectric insulators for aluminum and copper conductors owing to its excellent flexibility, durability and adhesive characteristics. They are also widely used in construction industry which can be attributed to its low heat conductivity, excellent shock resistance properties, toughness and dimensional stability.

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Manufacturing industry accounts to have large application segment of the global product demand powered by growth in manufacturing sector owing to various government initiatives like Buy American Hire American, Make in India and One Belt One Road strengthening energy efficient coatings industry size. Industrial machineries & equipment require high heat barrier layers to perform optimally under extreme temperature ranges, hence driving product demand.

Strong investments offered by manufacturers towards R&D in lieu to develop cost effective performance products along with strong technological development in nanotechnology based thermal insulation should boost market growth. In February 2016, PPG invested over USD 7 million in coating innovation center enhancing its resources in laboratory and testing space. Similar investments made by other industry players to capitalize higher market share should propel energy efficient coatings market size.

Acrylic based energy efficient coatings should witness significant gains during projected timeframe owing to increasing demand for light weight, low cost, high tensility and transparency. They are widely used in construction industry pertaining to prevent premature degradation of roof membranes and offering energy efficiency under immoderate climatic conditions. Strict regulations related to chrome free inhibitors and VOC reduction should further support industry growth.

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China energy efficient coatings market size should grow significantly during forecast timeframe owing to its microeconomic model of highly fragmented competition between key paints & coating manufacturers. China coatings market size accounted to be over 7 million tons valued about USD 130 billion in 2016, further consolidation between industry entities through mergers and acquisitions should strengthen regional industry growth.

U.S. energy efficient coatings market size will witness strong gains by 2024 owing to its solid application scope in aerospace & defense and construction industry. Strict regulatory regimes regarding emission control, energy efficient & smart constructions should drive regional product demand.

Global energy efficient coatings market share is moderately concentrated with key industry participants including AkzoNobel, BASG, PPG, IGP, Berger Paints, Kansai Paints, TCI and Axalta. Companies strategize to expand its market reach by heavily investing in product development and new product launches. They also concentrate on expanding their distribution network especially in growing economies through mergers, acquisitions, partnerships and collaborations, it also reduces their raw material sourcing risk & uncertainties.

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Flat Steel Market Update, Analysis, Forecast, 2017 – 2024

Flat Steel Market is predicted to witness a massive growth in forecast timeline due to increasing construction and automotive industries. Increasing per capita disposable income along with rapid urbanization in China, India, Germany and Brazil with infrastructural investment should drive flat steel market demand.

Global steel market size was valued at over USD 760 billion in 2016. China is the major producer and accounted for over 45% of the total market share in 2016. It is one of the vital requirements in building and infrastructure sector due to its design flexibility, strong structure, reusability and durability characteristics. It also lowers the buildings construction cost and overall maintenance cost. Flat steel has a wide range of applications in thermal power plants, hydro power plants, oil & gas, solar, nuclear and wind energy industries. It is also used by various light bar industries, truck trailers, railways and automobile manufacturers.

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Sheets & strips flat steel market demand may witness steady gains over the forecast timeline owing to increasing product usage in packaging, manufacturing and home appliances. It is widely used in door & window hoods manufacturing, refrigerators, furniture, drums, dry batteries, washing machines, automotive body structure and parts manufacturing applications. Global home appliances market size in expected to reach at over USD 590 billion by 2024. Rise in disposable income along with consumer spending in various household activities should drive industry growth.

Cold rolled sheets are used in flat steel market which are suitable for automobile and electrical appliances owing to its strong structure and durability properties. Carbon sheet are very flexible in nature and is suitable for various automotive parts manufacturing applications which includes chain parts, clutch parts, sprocket gears, and seat belt.Steel plates market size may witness a significant growth over the foreseeable period. It offers high tensile strength, corrosion resistant, abrasion resistant, and seawater resistant properties. Strong application scope in ship building, hydro power plant, offshore structure, bridge, building, storage tanks, boiler and pressure vessels should drive flat steel market size.

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Increasing steel demand in China along with capacity cuts with decline in iron ore costs may affect industry profitability and affect flat steel market price trend. Most of the Chinese manufacturers have lowered prices supported by government policy for lowering exchange rate allowing the product to be sold at cheaper rates.

Flat steel market size from automobile applications may witness favorable gains over the projected timeframe due to easy maintenance and repair ability, high recyclability as compare to plastics and composites. It is widely used in automotive parts and body structure. The major factor behind selecting the product for body structure due to its wide range of positive characteristics such as thermal, chemical and mechanical resistance, ease of manufacture and durability. Flat steel offers high strength, more protection and comparatively low cost as compare to other counterparts while manufacturing automotive parts and body structure. Global automobile production market has accounted at USD 72.1 million for cars and USD 22.5 million for commercial vehicles in 2016, and it is expected to increase with a rapid pace over the forecast timeframe, which will propel the industry growth.

Flat steel market size from building & infrastructure applications may witness significant gains over the forecast timeline owing to its high mechanical strength, toughness and durability. Superior properties of carbon steel based cold rolled and hot rolled products are suitable for construction of light and heavy components. Global construction market size is likely to grow at over 3.5% up to 2024. Increasing in infrastructure spending in China, India, Germany, Thailand and the U.S. towards smart building technologies along with rise in per-capita income should drive industry growth.

 

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Asia Pacific led by South Korea, India, Japan, and China flat steel market size may grow significantly over the forecast timeframe due to increasing demand for automotive manufacturing, home appliances, building and infrastructure. Increasing purchasing power of personal cars along with luxurious consumer lifestyle will propel flat steel market size in the region.

North America, led by Canada and the U.S. flat steel market size may witness an uptrend due to increasing investment opportunities in construction industries. Rising demand for residential and commercial construction which includes shopping complexes, corporate buildings, sports stadiums, airports, and hotels should drive regional industry growth. Europe flat steel market size, led by UK, France, Italy and Germany will witness steady growth rate by 2024 due to increasing demand for construction, home appliances, automobile & transportation sectors. Moreover, companies have been investing on the project of inland waterway and rail waterway in Germany, which will drive industry growth in the region.

Global flat steel market share is competitive with presence of various manufacturers operating in the business through high production volume. ArcelorMittal, Essar, Voestalpine Group, Thyssenkrupp AG, POSCO, JFE Holdings, and JSW are industry participants. Merger & acquisitions are an integral part of the market, which allow companies to expand their regional presence and product portfolio, thereby escalating flat steel market demand.

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Organic Fertilizers Market research report by 2017 to 2024

Organic Fertilizers Market growth is mainly driven by rising demand for natural based food products. Growth in overall pesticide and chemical free agriculture industry due to increasing preference for natural based products will support industry demand. Biological cultivation and developments in crop production witnessed surging demand due to its notable health benefits.

Increasing consumer awareness pertaining to harmful effects of synthetic & chemical fertilizers, pesticides and drugs will provide positive outlook for industry size. Growing consumer base for non-synthetic food, beverages, personal care and pharmaceutical products has enhanced the organic fertilizers demand. Rising awareness about health & safety particularly in urban population will support industry growth.

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Shifting preference for biological farming among farmers due to higher demand for chemical-free food products will drive organic fertilizers market growth. Moreover, environmental benefits and reduced soil degradation are among key properties driving product adoption. Inclination towards sustainable farming practices due to its large number of benefits will propel industry size. Technological advancements and product innovation to improve fertility has further encouraged product demand.

Government and non-profit organization’s initiatives to promote and support natural based farming practices will propel the organic fertilizers market growth. Moreover, government subsidies and financial aid promoting product usage particularly in North America will drive product penetration. Environmental policies to minimize non-biodegradable raw material consumption and reduce health hazards caused due to chemical agricultural inputs will support business growth.

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Organic fertilizers market is segmented based on source into mineral, plant, and animal. Animal based products will observe significant growth in the forecast period. Reliable source of phosphorous, nitrogen, calcium and potassium, strengthening the root health and plant growth are among key properties driving organic fertilizers market growth. Increasing awareness about nutritional benefits along with abundant availability have enhanced the product demand. However, overgrowth of algae along with pollution of ground water caused due to animal based products may hamper product scope.

On the basis of form the industry share is segregated as dry and liquid. Liquid form has gained significant popularity in recent years due to its high durability and efficiency. High absorbability to soil ensuring effective nutrient supply and enhancing crop growth are among major factors driving the industry demand. Uniformity in application is another factor boosting product demand. However, convenience in making desired blends in the proper ratio will provide positive outlook for dry organic fertilizers.

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Europe organic fertilizers market will witness notable gains in forecast timeframe. Regulatory support coupled with government promotions and subsidies are among key factor driving regional demand. Increasing awareness pertaining to environmental effects of synthetic agricultural inputs coupled with increasing consumer preference for natural based products will propel business growth. Growing adoption of sustainable farming practices particularly in Spain, France, Germany, and Italy owing to increasing health, safety and environmental concerns will drive industry demand.

Global organic fertilizers market share is fragmented due to presence of large number of international as well as regional manufacturers. Biostar Renewables, California Organic Fertilizers, Italpollina, ILSA, Perfect Blend, Sustane Natural Fertilizer, Agrocare Canada and Nature Safe are among major industry players. Collaborations with government institutes to enhance awareness and gain bulk orders are among key strategies adopted by the industry players to enhance their foothold. Product portfolio expansion with varying nutrient value and production capacity expansion are another growth strategies adopted by manufacturers.

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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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Passive Fire Protection Materials industry analysis research and trends report for 2017- 2024

Passive Fire Protection Materials Market to Cross USD 27 billion by 2024; according to a new research report by Global Market Insights, Inc.Strong demand for hydrocarbon based intumescent coatings from oil & gas industry will propel passive fire protection materials market size during the forecast timespan. These materials are extensively preferred across various end-user industries including construction, oil & gas, warehousing, manufacturing, etc. owing to its exceptional properties to tackle situations in case of fire emergency. For instance, intumescent coatings are highly preferred in oil & gas sector due to high risk environment which is mainly due to presence of highly flammable compounds which will help in making significant gains to passive fire protection materials market size by 2024.

Rapidly rising exploration activities in North America which is due to abundance of shale oil/gas reserves is probable to be a major factor which will help augment passive fire protection materials market size by 2024. For instance, as per the Energy Information Administration (EIA), the U.S. has approximately 200 trillion cubic feet (tcf) of proved shale gas resources.

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Unstable prices for raw materials which are widely used in making passive fire proofing materials is probable to hinder the passive fire protection materials market size by 2024. Furthermore, persistent need to enhance safety standards across various industries such as manufacturing, oil & gas, warehousing, automotive, aerospace, etc. will drive the overall passive fire protection materials market size by 2024.

Passive fire protective sealants market size is anticipated to rise at a CAGR of over 8% by 2024. These materials are widely applicable for firestop in walls, floors, curtain wall joints, and in linear joints between walls and floors. They expand within the joints to provide fire & vapor sealed environment and are highly preferred in maintaining safety standards across various industries such as oil & gas, warehousing, manufacturing, construction, etc. and henceforth is probable to make substantial impact on passive fire protection materials market size by 2024.

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Based on the end-users, building & construction segment for passive fire protection materials market is projected to grow with CAGR of about 8.5% by 2024. This is attributed to strong persistence by regional regulatory bodies primarily in emerging economies to enhance safety standards in residential & commercial buildings. For instance, Association of Specialist Fire Protection (ASFP) have been encouraging to improve the quality of installed fire protection in all forms to improve the safety standards and reduce damage across high-risk environments which in turn will make significant contribution to passive fire protection materials market size by 2024.

North America passive fire protection materials market size is likely to grow at a CAGR with 8% by 2024. This is primarily due to rising product end-users across various end-user industries including construction, transportation, oil & gas, manufacturing, warehousing, etc. which will propel the business size by 2024. Intumescent coatings are widely used in oil & gas industry mainly in the U.S. during exploration activities to reduce damage in the high-risk environment. Additionally, increasing R&D investment for the development of advanced coatings used in fireproofing is mainly attributed to stringent legislations formulated by regional regulatory bodies which propels the passive fire protection materials market size in the region.

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Major passive fire protection materials market share contributors are Sharpfibre, Kansai Paint, Lloyd Insulations, 3M, Rudolf Hensel, Nullifire, Teknos, Akzo Nobel, Promat International, PPG Industries, Sherwin-Williams and Hempel. Most of the companies are making significant investment in their R&D facilities to develop advanced materials and attain competitive advantage in the market. For instance, Jotun has initiated to set up a new R&D center which will cost over USD 6 million at its site in Flixborough, United Kingdom. It is intended to focus on passive fire protection and insulation coatings innovation which will help accomplish higher gains than competitors in the region.

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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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Analysis of Rare Earth Metals Market by 2024

Rare Earth Metals Market to exceed USD 20 billion by 2024; according to a new research report by Global Market Insights, Inc.Rare earth metals are a group of 17 elements, which are found in geological deposits, and share similar properties. Some of the most abundant metals in the world are neodymium, cerium, and lanthanum. All the rare earth metals are classified into two groups, namely light rare earth’s (LRE’s), and heavy rare earth’s (HRE’s).

Growing demand for magnets in automobiles, and energy generation will majorly contribute to the growth of global rare earth metals market over the forecast period. The demand for rare earth magnets is majorly increasing by their consumption in electric and hybrid vehicles, and wind turbines. Increasing focus on utilizing clean and renewable energy is giving a substantial pressure on the electricity providers, to generate energy through renewable sources, which in turn will show a positive impact on the growth of this market.

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High performance of rare earth magnets at very high temperatures, coupled with high corrosion resistance will significantly help the market to grow at a higher rate over the forecast period. These factors will also increase the demand for rare earth’s in wind turbine applications, as other metals cannot substitute them.

Inconsistencies in rare earth metal supply and demand is the significant restraint to the growth of global rare earth metals market over the forecast period. As majority of the global rare earth production capacity is in China, it is becoming difficult for the other countries to rely more on China, and causing huge disturbances in trading. Also, small changes in the production of rare earth metals, will show some bigger changes in the prices of these metals, as the demand for these metals is established globally.

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Cerium, and lanthanum are found out to be the major metals in terms of volume over the forecast period. Growing consumption in catalytic, and battery applications has led the segmental market to grow over the forecast period. By revenue, neodymium had the highest market share in 2016, with a market share of over 30%. It will dominate the global rare earth metals market till the end of projected period. Neodymium market will grow at a CAGR of 8.2% from 2017 to 2024.

By applications, magnets held the dominant market share in terms of both volume, and revenue over the forecast period. This segment grows at a CAGR of more than 8.2% in terms of revenue, and 7.2% in terms of market volume. Catalysts application segment has the second largest market share in terms of both volume, and revenue in the global rare earth metals market. In 2016, the catalysts application segment contributed a share of more than 23% share of the global rare earth metals market.

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In terms of region, the Asia Pacific region has the lion’s share of the global rare earth metals market. Rapid industrialization in the developing countries like India, and China, coupled with high consumption in China, due to strict regulations regarding clean energy production drives the regional rare earth metals market till the end of the forecast period.

Some of the key companies in the global rare earth metals market are Great Western Minerals, India Rare Earth Ltd., Avalon Rare Metals, and Canada Rare Earth Corporation among others.

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