Protective Coatings Market Set to Record Exponential Growth by 2025|Key participants AkzoNobel NV, PPG Industries

San Francisco,8 October 2018: The global protective coatings market is expected to witness significant growth over the forecast period owing to the increasing demand for anti-corrosion, thermal resistant, and durable coating formulations in the aerospace and oil & gas industries. The rising demand from key end-use segments such as oil & gas, aerospace, construction, and industrial owing to its superior properties over its counterparts is expected to propel the industry demand over the forecast period. The growing application scope of protective coatings in the aforementioned segments can be attributed to the growing need for low-VOC coating solutions, which offer resistance to wear & tear, high temperatures, and corrosion, while ensuring low maintenance costs.

Construction dominated the industry, globally, in 2015. The growing infrastructure development in emerging countries such as India, China, Brazil, and Russia is expected to drive demand for the product in the construction end-use industry over the projected period.

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Further key findings from the report suggest

·       Globally, epoxy and alkyd product segments are slated to witness significant growth in terms of volume during the forecast period, growing at a CAGR of over 10% during the forecast period. This is mainly attributed to low VOC content, efficiency, and favorable government policies, along with the rising demand from key end-use verticals such as construction and aerospace.

·       Asia Pacific dominated the market for protective coatings in 2015, with revenue of over USD 18 billion; and is estimated to grow significantly over the coming years owing to the rising demand from high-growth end-use segments such as construction, aerospace, and automotive.

·       Furthermore, the Asia Pacific region is expected to grow the highest in terms of revenue during the forecast period, slated to grow at a CAGR of over 9%. The region is dominated primarily by China, which is likely to witness growth at a CAGR of nearly 10% during the forecast period. However, rapid infrastructure expansion in India and Indonesia is likely to drive growth over the forecast period.

·       Key participants in the industry include AkzoNobel NV, PPG Industries, The Sherwin-Williams Co., and Arkema SA, among others. In recent years, key players have turned towards capacity expansion and new product developments to strengthen their positions in the industry globally.

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Grand View Research has segmented the global protective coatings market on the basis of resin type, product, end-use, and region:

Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         Acrylic

·         Epoxy

·         Polyurethane

·         Alkyd

·         Polyester

·         Others

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         Solvent-borne

·         Water-borne

·         Powder-based

·         Others

End Use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         Construction

·         Oil & Gas

·         Aerospace

·         Industrial

·         Marine

·         Automotive

·         Power Generation

·         Mining

·         Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

·         Europe

o    Russia

o    Germany

·         Asia Pacific

o    China

o    India

o    Japan

·         Central & South America

o    Brazil

·         Middle East & Africa

o    Saudi Arabia

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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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Material Handling Equipment Market to Incur Meteoric Growth During the Forecast Period| Top Industry Players SSI Schaefer,BEUMER Group

San Francisco,8 October 2018: The global material handling equipment market is expected to reach USD 41.1 billion by 2025, according to a new report conducted by Grand View Research, Inc. The rise in manufacturing activities in the automotive, pharmaceutical, chemical, and food & beverage industries is projected to spur demand. The growing concerns for workplace safety are expected to remain a key driver.

The global material handling equipment market is anticipated to witness a high growth over the forecast period. This is accredited to the use of technologically advanced products, such as hydraulic components which are incorporated into this equipment. Furthermore, the integration of telematics solutions & tracking sensors into these products is expected to gain traction in the near future, thereby fueling the equipment sales. The rising espousal of automated storage and retrieval systems is expected to further catapult the equipment market growth over the next nine years.

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Further key findings from the report suggest:

·       Automated storage & retrieval systems segment captured over 25% of the total revenue in 2015 and is projected to exhibit a significant growth at a CAGR of over 6.9% from 2016 to 2025. This growth is attributed to the surging espousal of automated equipment in warehouses and manufacturing centers

·       On account of the wide scope of applications, these products aid in moving, protecting, and storing goods in warehouses. The e-commerce segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding 10.0%.

·       Asia Pacific emerged as the fastest growing market and is expected to witness a healthy CAGR of over 7%, which is primarily due to the rising manufacturing activities in the developing countries of this region

·       The key purveyors in this industry comprise Daifuku,SSI Schaefer,BEUMER Group, Kion Group (Dematic), and Swisslog AG.

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Grand View Research has segmented the global material handling equipment market on the basis of product, end-use, and region:

Material Handling Equipment Product Outlook (Revenue, USD Billion; 2014 - 2025)

·         Storage & handling equipment

·         Automated storage & retrieval system

·         Industrial trucks

·         Bulk material handling equipment

·         Others

Material Handling Equipment End-Use Outlook (Revenue, USD Billion; 2014 - 2025)

·         Automotive

·         Food & beverages

·         Chemical

·         Semiconductor & electronics

·         E-commerce

·         Aviation

·         Pharmaceutical

·         Others

Material Handling Equipment Regional Outlook (Revenue, USD Billion; 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    UK

o    Germany

o    France

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

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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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Smart Cards Market is Expected to Gain Momentum over the Forecast Period| Top Industry Players CPI Card Group, Gemalto NV

San Francisco,8 October 2018: The global smart cards market is predicted to reach USD 15.4 billion by 2025, according to a new study by Grand View Research, Inc. The increasing demand for the product, across various applications, such as payment transactions, cell phones, ID verification & access controls, is presumed to favor the market growth over the forecast period. Smart cards are used in several applications including the retail, healthcare, government, and hospitality sectors, promoting the market demand over the forecast period by providing effective data storage, efficient payment transactions, and faster processing time.

The increasing use of smart cards in the telecommunication and BFSI segments is expected to drive the market over the next nine years. Their implementation in retail applications enables secure transactions and provides new opportunities to the market.

Smart cards are extensively used to enable secure payment transactions and to promote cashless payments, thereby, enabling cost savings for payment merchants and offering convenience to the consumers. The use of mobile phones and IoT devices has further promoted the use of SIM & data chips thereby driving the demand for the product. These devices are increasingly used in retail applications to enable faster transactions and reduce the checkout time. These advantages are enabling growth of the industry at a significant rate, over the next nine years.

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Further key findings from the study suggest:

·       The telecommunication application segment dominated the overall market in 2015 and accounted for over 46% of the market in the same year

·       The contact cards segment was a key segment in 2015 and accounted for over 65% of the overall industry revenue

·       Contact cards provide ease of transactions, owing to their low costs and low handling-charges. Contactless cards are also expected to grow, significantly, due to the elimination of physical card insertion and better security.

·       The microcontroller-based segment accounted for over 70% of the overall smart cards market in 2015

·       The Asia Pacific region is expected to significantly contribute to the industry growth and accounted for over 45% of the global industry revenue in 2015

·       The key industry participants include American Express Company, Atos SE, CPI Card Group, Gemalto NV, Giesecke & Devrient (G&D) GmbH, Infineon Technologies AG, Inside Secure SA, NXP Semiconductors NV, and Texas Instruments, Inc.

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Grand View Research has segmented the global smart cards market based on type, component, application and region:

Smart Cards Type Outlook (Revenue, USD Million; 2014 - 2025)

·         Contact cards

·         Contactless cards

·         Multi-component cards

Smart Cards Component Outlook (Revenue, USD Million; 2014 - 2025)

·         Memory-based

·         Microcontroller-based

Smart Cards Application Outlook (Revenue, USD Million; 2014 - 2025)

·         BFSI

·         Government

·         Telecommunications

·         Retail

·         Healthcare

·         Hospitality

·         Others

Smart Cards Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

·         Europe

o    Russia

·         Asia Pacific

·         Rest of the world

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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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Sulfur Hexafluoride Market to Partake Significant Development by 2025| Key Industry Participants Qualcomm; Broadcom Limited

San Francisco,8 October 2018: According to a report published by Grand View Research, Inc.; sulfur hexafluoride market is expected to reach a valuation of around USD 309.9 million by 2025.

Increasing demand for the product as a dielectric medium in electrical industry can propel the market during the forecast period (2014 to 2025).

The product is extensively used in power and energy sector to manufacture switchgears, high voltage transformers, and circuit breakers. Increasing use of the product as an ideal quenching material in switchgear and circuit breaker manufacturing process can positively drive the market in the coming years.

However, several agencies such as U.S. DOT, ACGIH, OSHA, and NIOSH, have specified that SF6 as a hazardous substance due to its hostile effects on the human body and the environment. The government agencies have also advised the strict regulations for usage and handling of the product. This is expected to be the key challenge for the market.

Worldwide sulfur hexafluoride market can be segmented on the basis of product, application, and region.

Based on product, the market can be classified into electronic grade, standard grade, and UHP grade.

Electronics grade product segment is likely to expand with CAGR of 6.8% over the forecast period due to its different usage in electronics sector.

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UHP grade segment is projected to grow with highest CAGR of 7.4% during the study period. Its use in ultrasound imaging improves the blood vessels detection, which helps to accurately find tumors, adenomyosis, and uterine fibroids in the body.  

As per application, the market can be split into metal manufacturing, power and energy, medical, electronics, and others. In 2016, Power and energy segment estimated for the largest share with over 75% of product used in the making of high voltage equipment such as transformers, capacitors, switches, and coaxial cables. The metal manufacturing segment is likely to grow at CAGR of 6.0. The product is highly useful in preventing burning and quick oxidation of molten metals in magnesium manufacturing industry.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and The Middle East & Africa.

Central & South America is expected to grow with a rapid pace at a CAGR of 7.8% over the projected period. Rapid urbanization and infrastructural development has increased the demand for electrical equipment. This is expected to drive the demand for the product in this region.

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In the U.S., the gas is widely used to manufacture magnesium and as a dielectric medium in the electric transmission and distribution equipment. Established electrical sector in the country is likely to increase the product demand in the coming years. But, the U.S. Environmental Protection Agency (EPA) has declared the product as a greenhouse gas due to its high global warming potential (GWP). The U.S. EPA also controls the emission of the product from high-voltage switchgears employed in power and energy generation plants. This is anticipated to restrain the market growth.

In 2016, Asia Pacific captured the major market share of 34%. The region is projected to dominate the market during the forecast period due to growing investments in energy and power sector in the region. Growing government efforts for providing advanced infrastructure and affordable housing can drive the growth of metal manufacturing and construction industries during the forecast period. In India, rising government efforts under initiative called “Make in India” for providing favorable foreign investments in the country. In addition, many established companies are expected to setup manufacturing plants for electronics and metals in this country, which is also expected to support the market growth.

Prominent companies operating in the market include Air Products and Chemicals, Inc.; Air Liquide S.A.; Praxair Technology, Inc.; and Concorde Specialty Gases, Inc.

Major companies have combined their operations across the value chain by manufacturing raw material and distribution sectors to gain higher profit in the market. Increasing investments in the research and development (R&D) of the product in order to decrease its impact on environment and to improve its efficiency are likely to increase the competition among the vendors.

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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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Truck Racks Market Top Players, Segments, Cost Structure, Demand and Sales by 2025: Grand View Research

San Francisco,8 October 2018: According to a report by Grand View Research, Inc., global truck racks market is anticipated to value USD 1.09 billion by 2025. Growing requirement for trucks to transport industrial and sports related equipment from one place to another is anticipated to propel demand for truck racks.

Rising sales of pickup trucks globally is anticipate to influence demand for truck racks in the forthcoming years. In addition, growing adoption of truck rack as accessory to transport various products from one place to another can also fuel growth of market during the forecast period (2014 to 2025).

The truck racks market can be segregated on the basis of product, application, and region. Based on product, the market can be bifurcated into aluminum and steel. Steel based truck racks are likely to gain traction among consumers owing to high stress resistance and prolonged usage lifetimes. In addition, increasing use of steel racks to carry heavy loads can augment growth of market during the forecast period. The segment is likely to account for market share equivalent to USD 300.4 million by 2025 attributed to increasing use of steel based racks in low cost pickup trucks.

Similarly, demand for aluminum based truck racks is likely to increase during the forecast period. Properties such as superior resistance and light weight are expected to increase efficiency in carrying out recreational and residential applications. In addition, growing adoption of recycling of aluminum and reducing prices of aluminum based truck racks are likely to fuel product demand in the forthcoming years. Moreover, rising product demand attributed to rapidly increasing product installation rate in medium and high-end pickup trucks can augment market growth during the forecast period.

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Based on application, the market can be divided into aftermarket and OEM. In 2016, aftermarket dominated the market and accounted for 69.3% market share. Products supplied in aftermarket are likely to be sold at lower prices attributed to discounts offered by manufacturers to consumers. This, in turn, is likely to increase market share for this segment.

On the contrary, OEM segment is expected to account for less market share as product manufacturers distribute directly through channels created by them. In addition, OEMs are predicted to supply standardized products that are not likely to suit their vehicles. This, in turn, can reduce level of customization in products.

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Regional segmentation includes North America, Asia Pacific, Europe, Central & South America, and Middle East & Africa. North American region is expected to witness high demand for truck racks during the forecast period. High prevalence of pickup truck manufacturers such as Toyota, General Motors, Ford, and Nissan is likely to boost sales of these vehicles in the region. To cater to rising demand for truck racks, these manufacturers are expected to increase their production capacities by 5% annually. This, in turn, can surge sales of truck racks in this region. In addition, rising demand for headache and standard racks among consumers to reinforce operational capabilities can further influence growth of market.

In Asia Pacific, the market is estimated to grow well during the forecast period. Mainly, Australia is expected to create lucrative opportunities for market owing to rising sales of pickup trucks. The economy is likely to grow at remarkable CAGR of 6.2% in terms of revenue during the forecast period.

In Europe, the market can witness significant growth by 2025 attributed to high demand for truck racks. Growing adoption of midsized pickup trucks owing to frequent launch of new models by major manufacturers such as Fiat, Ford, Mercedes, and Nissan can also spur growth of market in this region.

Some of the leading companies offering truck racks are Vanguard Manufacturing, Inc.; Cross Tread Industries, Inc.; Thule Group; Hauler Racks, Inc.; and Kargo Master Inc. The market is not likely to witness forward integration between raw material suppliers and product manufacturers as former is not likely to draw any lucrative opportunities from the business. Even back integration cannot exist in this market as rack manufacturers are expected to manage huge expenditure to set up aluminum or steel manufacturing plant. This, in turn, can make venture unprofitable.

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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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com