Para-aramid Fibers Market Size is Projected to reach USD 3.6 billion by 2025: Grand View Research, inc.

8-March-2019: The global para-aramid fibers market size is expected to reach USD 3.6 billion by 2025 at a 6.5% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for security and protective measures in various industries such as military and construction is likely to boost product demand.

Raw material prices play a key role in industry growth, which helps players align product demand and gain control over the supply chain. Furthermore, major players are focused on integration across the value chain in order to maintain continuous raw material supply in a bid to increase market revenue.

The market is witnessing a high level of competition owing to presence of a large number of regional and global players with operations across the globe. Key participants are actively involved in adopting various strategic initiatives to gain a large share. The degree of competition depends on product demand, innovation in technology, and distribution network.

The production process is highly energy intensive and makes use of expensive chemicals, which increases raw material cost in proportion to the overall cost of the product.

 In depth research report on Para-aramid Fibers Market

https://www.grandviewresearch.com/industry-analysis/para-aramid-fibers-market

Further key findings from the report suggest:

·       By application, security and protection dominated the para-aramid fiber market, accounting for 38.4% of the total revenue in 2017. This is owing to increasing demand for production of security and protective wearables, including bulletproof vests

·       Optical fibers is estimated to be the fastest growing application segment, registering a CAGR of 5.3% in terms of volume from 2018 to 2025. This is due to surge in demand for aerial dielectric self-supporting cables, premise cables, water-blocking yarns, fiber to the home (FTTH), ballistic tapes, and ripcords

·       Europe was the largest market for para-aramid fibers, accounting for over 37.0% of the revenue in 2017. This can be attributed to high demand from various application sectors such as security and protection, electrical insulation, rubber reinforcement, and tire reinforcement

·       Increasing demand for high fuel efficiency and continuous advancements in the transportation sector are expected to emerge as major factors driving the industry over the forecast period

·       Key players aim to achieve optimum growth and strengthen their position through various expansion strategies such as partnerships, new product developments, agreements, technical collaborations, and capacity expansions.

Grand View Research has segmented the global para-aramid fibers market on the basis of application and region:

Para-aramid Fibers Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·       Security & Protection

·       Optical Fibers

·       Friction Materials

·       Rubber Reinforcement

·       Tire Reinforcement

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Textiles Market is Predicted to value USD 193.16 billion by 2022: Grand View Research, Inc.

10-January-2019: According to a report by Grand View Research, Inc.; the global textile market is predicted to value USD 193.16 billion by 2022. Textile is a flexible material formed using several processes including knitting, weaving, crocheting, or felting. It is used to manufacture a wide range of conventional and advanced finished goods used in kitchen, clothing, apparel, fashion, construction, bedding, transportation, and medical. High demand from these industries is the primary driver for the global market.

Growing population, urbanization, and disposable income in emerging economies such as India, China, and Mexico are expected to improve consumer lifestyle. This, in turn, can augment market growth during the forecast period (2014 to 2025). Growing awareness regarding protective equipment in manufacturing owing to stringent regulations aimed at worker safety can positively influence growth of market.

Increasing number of fashion retail outlets in emerging economies such as India and China attributed to support from local governments to promote investments can spur market expansion over the forecast period. Continual technological advancements in upholstery products derived from coated fabrics can also stimulate market growth in near future.

The global textile market can be segregated on the basis of raw material, product, application, and region. Based on raw material, the market can be categorized into chemical, cotton, wool, silk, and others. In 2015, cotton was most used raw material for production of textiles and accounted for around 39.5% market share in the same year. Properties such as high strength, excellent absorbency, and color retention can positively influence demand in the forthcoming years.

On the other hand, silk is expected to witness a CAGR of 4.6% from 2016 to 2025. Growing use of spider silk in formulation of industrial textile attributed to excellent toughness and lightweight as compared to steel is the predominant driver for this segment.

Based on product, the market for textiles can be classified into polyesters, nylon, natural-fibers, and others. In 2015, natural fibers segment accounted for 45.6% of overall market share in terms of volume. It is likely to grow well over the forecast period. High market visibility of cotton derived products in garments and apparels sector can fuel demand in near future.

On the contrary, nylon segment is estimated to register a CAGR of 4.5% from 2016 to 2025. Properties of nylon such as high resilience, low moisture absorbency, and excellent elasticity are anticipated to bode well for product demand over the forecast period.

Based on application, the market is divided into technical, household, fashion and clothing, and others. In 2015, fashion and clothing segment dominated the market and accounted for a revenue share equivalent to USD 607.6 billion. It is expected to expand at a substantial CAGR during the forecast period.

New product launches by garment manufacturers including Tommy Hilfiger and Levis in Canada and United States can impel market expansion. In addition, rising sales volume of footwear and apparels through e-commerce portals like Amazon is expected to spur market development in near future.

Household application accounted for 9.6% of overall market share in terms of volume. Properties such as stain-repellent texture, wear and tear resistance, and ability to give soft and comfortable finishing to fabric surfaces is anticipated to impel product demand.

Regional segmentation includes Asia Pacific, Europe, North America, Central and South America, and Middle East and Africa. In 2015, Asia Pacific consumed 99,005.9 kilo tons of textiles and is predicted to witness significant growth over the forecast period. Positive outlook towards garments and apparel industry in India and China can fuel regional expansion in near future. In addition, favorable government policies to promote investments in manufacturing sector can further boost market growth.

Similarly, North America is likely to register a CAGR of 2.7% from 2016 to 2025 attributed to rising production of automotive vehicles in United States. Rising number of single family houses is expected to further augment regional market growth over the forecast period.

Middle East and Africa is predicted to expand at CAGR of 3.6% in the forthcoming years. Growing investments by Islamic clothing manufacturers to produce new hijab styles in apparels can propel regional demand for textiles during the forecast period.

Some of the leading companies operating in textiles market are Asahi Kasei Fibers Corporation, INVISTA, Shandong Jining Ruyi Woolen Textile Co., Ltd., Honeywell International, and Sinopec Yizheng Chemical Fiber Company.

In-Depth Research Report On Textiles Market:

https://www.grandviewresearch.com/industry-analysis/textile-market

Coated Fabrics Market is Projected to Reach USD 22.6 Billion by 2020: Grand View Research, Inc.

10-December-2018: According to a report published by Grand View Research, Inc.; the coated fabric market is likely to reach a valuation of around USD 22.6 billion by 2020.

Rapid industrialization and infrastructure development, rising demand for protective clothing due to presence of strict regulations regarding workers’ safety, and technological advancements can propel the market during the forecast period forecast period (2012 to 2020).  In addition, increasing use of rubber coated fabrics in the making of military wear and protective clothing is expected to support the market growth.

Increasing investments in industries such as automotive, construction and infrastructure, oil and gas, and chemical and manufacturing industries is expected to create positive impact on the market. The product can be extensively used in the manufacturing of many industrial products such as PTFE tapes and conveyor belts. Additionally, growing use of these fabrics as a low-cost substitute leather for trims and upholstery can have positive impact on the market. Moreover, increasing technological developments for reducing raw material prices, and faster, and efficient production can boost the market in the years to come.  Emerging technologies like inkjet deposition, nanomaterials, and plasma coating are expected to provide remarkable opportunities in the market.

However, the environmental impact of fabric manufacturing is expected to hinder the market growth.

Worldwide coated fabric market can be segmented on the basis of product, application, and region.

Based on product, the market can be split into polymer coated fabric, fabric backed wall coverings, and rubber coated fabric.

In 2016, polymer coated fabric segment estimated for for over 85% of the overall market share due to its usage in healthcare, furniture, and automotive. The segment is likely display high growth during the forecast period due to growing automobile production in India and China. This type of fabrics is extensively used to manufacture automotive airbags and protective clothing. The fabric backed wall covering segment is anticipated to show significant growth due to increasing demand from urban housing sector.

As per application, the market can be transportation, protective clothing, industrial, furniture, and others. In 2016, the transportation was reported as the major segment and accounted for 35.7% of the total market. The segment is anticipated to display high CAGR of 5.5% due to rising use of airbags in automobiles.

In 2016, the protective clothing segment estimated for 15.7% of the overall revenue and anticipated to attain USD 3.61 billion through 2020. Increasing industrialization and government efforts for execution of safety standards in India and China can drive the segment over the forecast period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, and Rest of the World (RoW).

North America is expected to grow on account of growing use of these fabrics in automotive and protective clothing application. Increasing demand for protective clothing in chemical and other similar industries owing to stringent FDA regulations is expected to drive the market in this region.

Asia Pacific is likely to show higher growth rate of 6.8% during the forecast period due to increasing use in the manufacturing of automobile covers, airbags, and tarpaulins. Factors such as rapid infrastructure development, urbanization, and increasing disposable income are expected to drive the market in this region. In 2016, the consumption of these materials estimated over 1900 million square meters in this region. Growth in automotive industry in emerging countries along with growing use of the product in the manufacturing of household furniture is anticipated to boost the product demand in the coming years.

Latin America is also projected to provide several growth opportunities to the market. But, increasing government efforts to reduce the environmental pollutions and shortage of raw material due to the civil disturbance in Middle Eastern and North African countries are expected to hamper the market growth.

Key players operating in the market include Mauritzon, Inc.; Spradling international; Takata Corporation; Graniteville Specialty Fabrics; and Conti Tech AG.

This industry is capital intensive, therefore expected to act as barrier to new entrants. Manufacturers are taking more efforts to conduct research and development activities due to instable raw material prices and strict environmental protection rules.

In-Depth Research Report On Coated Fabrics Market:

https://www.grandviewresearch.com/industry-analysis/coated-fabric-market

Raw Materials Offering High Strength is Anticipated to Propel Demand for Advanced Composites

29-November-2018: According to a report by Grand View Research, Inc., global advanced composites market is anticipated to value USD 41.20 billion by 2024. Growing requirement for raw materials offering high strength and low weight is anticipated to propel demand for advanced composites. These composites are likely to offer properties such as resistance from heat & impact and high strength, which are highly useful in major end-use sectors.

High demand for light-weight vehicles among consumers is anticipated to fuel use of advanced composites in automotive sector. This, in turn, can influence growth of market over next few years. In addition, continual development of new fighter jets is likely to augment growth of global defense sector. Increasing use of aramid composites over asbestos in manufacturing of jet components attributed to high-performance efficiency can impact market growth in initial phase of forecast period. Growing adoption of aramid composites to produce rubber reinforcements, friction materials, and optical fibers can also stimulate market growth. Moreover, technological advancements in manufacturing processes including use of fluid handling mechanism can result in decline of overall price, which can further impel growth of market over the forecast period (2018 to 2024).

Stringent regulation on production of composite materials on account of critical nature of their usage are expected to hinder growth of market over the forecast period. In addition, high volatility in price of carbon fibers owing to varying prices of its raw materials can also restrain market growth over next few years.        

The advanced composites market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into carbon glass, and aramid. Aramid composites segment is expected to witness significant growth attributed to increasing use in automotive sector. Properties such as heat and impact resistance coupled with high strength can fuel product demand.

Similarly, carbon composites segment can also witness substantial growth owing to increasing use of carbon fiber products in manufacturing of airplanes. Composites account for 50% of total material required to manufacture any plane. Out of which 90% material used is likely to be carbon fiber products.

Based on application, the market can be classified into automotive, aerospace & defense, wind energy, sporting goods, and others. In 2016, automotive segment dominated the market and accounted for largest share. Increasing use of glass composites in automotive sector for production of components such as fender, instrument panel, bumper, and headlamp can fuel growth.

Similarly, wind energy segment is expected to witness significant growth over the forecast period. High demand for s-glass products in manufacturing of wind turbines attributed to rising adoption of wind energy globally can fuel growth.

On the contrary, aerospace & defense segment is estimated to grow at CAGR of 5.8% over the forecast period attributed to high demand for aramid fibers in manufacturing of aircraft components.

Regional segmentation includes Europe, Asia Pacific, North America, Central & South America, and Middle East & Africa. North America is anticipated to account for largest market share attributed to prevalence of large number of manufacturers including Hexcel Corporation. In addition, presence of consumer companies including General Motors, Boeing, and Lockheed Martin can also fuel market growth in the region.

In Europe, the market is expected to witness significant growth over the forecast period attributed to increasing use of advanced composites in automotive, aerospace & defense, and wind turbine sectors. In addition, rising production of wind energy in Spain & Germany is likely to surge demand for advanced composites over next few years. Hence, the market is estimated to grow at CAGR of 4.3% during the forecast period.

Some of the leading companies offering advanced composites are Teijin Limited, Hexcel Corporation, SGL Group, Owens Corning, and Huntsman Corporation. Most companies are likely to retain high market share by gaining proficiency in production of advanced products. Major market players are expected to focus on delivering customized solutions to their clients. Growing production of industry specific products is likely to increase switching cost for consumer companies. In addition, most companies are predicted to target their products for use in defense & aerospace sector attributed to significant growth of these sectors in every region. Moreover, few companies are likely to expand their reach to international markets attributed to rising penetration of composites in multiple application sectors.

In-Depth Research Report On Advanced Composites Market:

https://www.grandviewresearch.com/industry-analysis/advanced-composites-market

Flat Glass Market Size is Projected to Reach USD 124.14 Billion by 2022

The global flat glass market size is expected to reach USD 124.14 billion by 2022, according to a new report by Grand View Research, Inc., posting a CAGR of 7.1% during the forecast period. Robust growth of the building and construction sector in developing countries is expected to be a key factor propelling the market.

Glass is increasingly being used in construction applications. Tempered glass, in particular, is being employed in roofing applications as well as in manufacturing of glass windows. In developing countries, tempered glass is replacing standard glass in roofing applications on account of its high strength properties.

Furthermore, numerous car manufacturers employ tempered glass in production of windows for automobiles. Its increasing adoption can be attributed to its tendency of not breaking into small parts as opposed to standard glass, which leaves back sharp pieces on breakage, which could lead to serious human injuries and possible life threats.

The commencement of 12th Five Year Plan of Civil Aviation Administration of China (CAAC) resulted in construction of 56 new airports and expansion of 16 airports, thereby boosting the construction sector in the country. China’s sustained demand for industrial, residential, and infrastructural expansion has generated substantial demand for flat glasses.

Strong economic growth coupled with removal of barriers for foreign investment in India is expected to spur construction demand over the coming years. Vietnam and the Philippines are also becoming increasingly attractive markets owing to rising population, rapid urbanization, and strong economic growth.

Soda ash and silica sand are the key raw materials used in manufacturing of flat glass. Natural gas is a dominant fuel used in glass production. Turbulence in price and availability of natural gas is a major factor deterring the growth of the market.

In depth research report on Flat Glass Market

https://www.grandviewresearch.com/industry-analysis/global-flat-glass-market

Further Key Findings from the Report Suggest:

·       The global flat glass market is anticipated to reach 112,445.0 kilotons by 2022, at a CAGR of 6.4% from 2015 to 2022

·       In terms of revenue, laminated glass segment is projected to register a CAGR of 7.7% over the forecast period

·       Construction application dominated the market with a share of over 79.0% in 2014

·       The North America flat glass market is anticipated to exceed 23,725.9 kilotons by 2022

·       Europe is projected to witness a remarkable CAGR of 5.9% over the forecast period, owing to increasing demand for construction activities in the region

·       Asian countries, especially India and China, are expected to observe remarkable growth over the forecast period

·       The market is partially consolidated and competitive in nature, with presence of global multinational players

·       Some of the key companies present in the market are Guardian Industries, AJJ Ltd., Cardinal, Independent Co. Ltd., OldCastle, NSG Group, Saint Gobain, AGC, and PPG Industries.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Ceramic Matrix Composites Market Size Hit $6.86 Billion By 2025 : Grand View Research, Inc.

The global ceramic matrix composite (CMC) market size is projected to reach USD 6.86 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 13.0% during the forecast period. CMCs have evoked keen interest from the aerospace and transportation sectors owing to superior mechanical properties, high strength-to-weight ratio, and vast application scope. Rising fuel prices and increasing focus on energy conservation have triggered the need for lightweight components to boost fuel efficiency.

CMC, owing to excellent properties such as dynamic load resistance, high temperature stability, greater flexibility, and excellent thermal shock resistance, is suitable for manufacturing aircraft components. The aerospace field demands lightweight and rigid materials for various applications such as high-speed machine parts, robots, power-transmission lines, fighter-aircraft ventral fins, and helicopter rotor-blade sleeves, where material weight plays a crucial role in performance.

The Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) and The U.S. Environmental Protection Agency (EPA) have prescribed standards to increase fuel efficiency and reduce vehicular emissions. Nine regions, namely the EU, Japan, U.S., China, Canada, Brazil, Mexico, South Korea, and India, have proposed greenhouse gas emission standards for light commercial vehicles/light trucks and passenger vehicles. Proposed regulations in these countries are expected to trigger CMC demand from aerospace and transportation sectors.

Energy and power are expected to form the fastest growing segment. CMCs present excellent oxidation resistance and radiation protection and are thus widely used in energy generating applications. Silicon carbides fiber-reinforced ceramics of certain grades are widely used in nuclear power plants due to their exceptional radiation resistant properties.

High temperature stability, in addition to reduced weight and high strength, has increased product popularity. High thermal stability and electrical conductivity have made ceramic matrix composites very useful in numerous thermal and electronic management applications where high efficiency is required.

In depth research report on Ceramic Matrix Composites (CMC) Market

https://www.grandviewresearch.com/industry-analysis/global-ceramic-matrix-composites-market

Further key findings from the report suggest:

·       The global ceramic matrix composites market was valued at USD 2.28 billion in 2016 and is projected to expand at a healthy CAGR of 13.0% over the forecast period

·       Silicon carbide occupied the largest market share by product in 2016 owing to growing application scope in aerospace

·       Asia Pacific emerged as the fastest growing market for ceramic matrix composites due to presence of various untapped markets and growing end-use industries

·       Key players include General Electric Company; Coorstek, Inc.; UBE Industries, Ltd.; COI Ceramics, Inc.; 3M Company; and CeramTec International.

Grand View Research has segmented the global ceramic matrix composites market on the basis of product, application, and region:

Ceramic Matrix Composites Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·       Oxide

·       Silicon Carbide

·       Carbon

·       Others

Ceramic Matrix Composites Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·       Aerospace

·       Defense

·       Energy & Power

·       Electrical & Electronics

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/