Corrosion Resistant Alloys Market Expansion to Gain Robust Traction During the Forecast Period

The global corrosion resistant alloys market is expected to be valued at USD 9.64 billion by 2025, according to a new report by Grand View Research, Inc. Continuous technological advancements in the corrosion resistant alloys to accommodate the needs of various end-use markets have been key factors fueling the global market growth. The growing aerospace and automotive industries across the world are also anticipated to propel product demand over the forecast period.

Corrosion resistant alloy is a combination of various metal materials, which provide long-term corrosion resistance to components that are exposed to harsh environmental conditions. Chromium, cobalt, nickel, iron, titanium, and molybdenum are combined in varying proportions depending on the end-user industry. These metals can promote higher temperature and corrosion resistance in comparison to others such as carbon steel. They offer reliable protection to components in various industries including health, energy, pharmaceuticals, gas, oil, and chemical processing.

Utility metals are prone to corrosion. Corrosion resistant alloys are extensively used in various industries where the working conditions necessitate their use. The environmental settings and material compositions vary as per the configuration of major equipment in end-use industries in terms of temperature and corrosive condition.

Several factors contribute to corrosion in power generation plants that comprise water steam systems in their tubing. Components in coal-fired power plants, wind turbines, and nuclear & diesel generators are composed of strong and high-temperature-resistant materials. Nickel alloys are extensively used in power generation applications such as gas turbine components, scrubbers, heat exchangers, industrial furnaces & accessories, and land-based gas turbines.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/corrosion-resistant-alloys-market

Further key findings from the report suggest:

·       Europe corrosion resistant alloys market was valued at USD 1.38 billion in 2016 and is expected to ascend at a CAGR of 6.5% from 2017 to 2025. Nickel-based alloys was the largest segment in 2016 and is anticipated to progress at a CAGR of 7.1%.

·       The global demand for cobalt-based alloys was valued at USD 377.8 million in 2016 and is anticipated to witness moderate growth over the next 8 years. The aerospace & defense segment in Canada was worth USD 215.4 million in 2016 and is projected to denote a CAGR of 7.5% from 2017 to 2025.

·       The Asia Pacific market is projected to experience staggering growth over the next eight years owing to growing R&D activities, which in turn is expected to positively impact the aerospace and automotive segments. Canada market is projected to ascend at a CAGR of 6.8% between 2017 and 2025.

·       Key players that dominate the global market include Corrosion Resistant Alloys, L.P.; Haynes International, Inc.; Nippon Steel & Sumitomo Metal Corp (NSSMC); Mitsubishi Materials Trading Corporation; Special Metals Corporation; and Hitachi Metals MMC Superalloy, Ltd.

Grand View Research has segmented the global corrosion resistant alloys market on the basis of type, end use, and region:

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

·         Iron-based Alloys

·         Nickel-based Alloys

·         Cobalt-based Alloys

·         Others

End-use Outlook (Revenue, USD Million; 2014 - 2025)

·         Oil & Gas

·         Automotive & Transportation

·         Aerospace & Defense

·         Energy & Power

·         Industrial

·         Others

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

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         MEA

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

Aluminum Casting Market Growth Outlook & Detail Industry Analysis Till 2025

The global aluminum casting market size is expected to reach USD 86.5 billion by 2025, according to a new report by Grand View Research, Inc., registering a 9.1% CAGR during the forecast period. The growth of aluminum content in automobiles and increasing demand from the building and construction sector in Asia Pacific are key factors driving the market.

Automobile manufacturers are under increasing pressure to meet regulatory requirements pertaining to the environmental impact of vehicles. Corporate Average Fuel Economy (CAFE) has doubled its target for average fuel-efficiency from 2012 to 2025 owing to increasing emission of greenhouse gases. Weight reduction in vehicles through the use of aluminum is set to play a crucial role in these conditions in order to meet regulatory requirements.

The building and construction sector in Asia Pacific is largely driven by developing countries in the region, such as China, India, Malaysia, and Indonesia. In 2018, the Malaysia residential and non-residential sector observed a growth of nearly 4.4% in real terms. Similarly, the building sector in Indonesia registered a growth of around 6.2% during the same timeline.

Environmental policy changes in China is projected to critically impact market growth over the coming years. The Chinese Ministry of Ecology and Environment launched a three-year action plan (2020 action plan) in June 2018 to curb pollution in the country. In line with this, the government is pursuing a winter policy that aims to reduce aluminum production from November to March every year until 2020. This has severely affected businesses of small and medium aluminum enterprises.

As per the China Non-Ferrous Industry Association, medium-sized aluminum smelters take a hit if prices of aluminum are as low as USD 2,206 per ton while complying with new pollution norms or policies. The current price scenario of aluminum in China reached nearly USD 1,988 per ton in the Shanghai Metal Exchange as of February 2019, hinting at the challenge the market faces.

Lightweight materials are becoming crucial in industries such as automotive, aviation/aerospace, and wind energy, and are likely to receive increasing attention in the coming years. In the automotive industry, demand for lightweight material is projected to grow at an unprecedented rate and its use in manufacturing is expected to double by 2030.

Carbon fiber is one of the lightweight materials with high potential across various applications. At present, the cost of carbon fiber is enormous as compared to other materials, which has restricted its use to premium products. However, the price is anticipated to decline over the next two decades, bringing carbon fiber significantly closer to aluminum in terms of accessibility to the average consumer.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/aluminum-casting-market

Further key findings from the report suggest:

·       In terms of revenue, the die casting process segment is anticipated to reach USD 48.9 billion by 2025 at a predicted CAGR of 10.1%

·       Based on type, the high pressure die casting segment was pegged at 4,217.5 kilotons in 2018

·       By volume, the transportation end-use segment dominated the global market with a share of 59.0 % in 2018

·       Europe aluminum casting market is anticipated to reach USD 17.6 billion by 2025, emerging as the second largest regional market by revenue

·       In terms of revenue, Middle East and Africa is anticipated to witness a CAGR of 5.7% over the forecast period, fueled by demand for casting products within the building and construction segment

·       Some of the key companies present in the market are Consolidated Metco, Inc.; Alcoa Corporation; Dynacast; Ryobi Ltd.; Endurance Technologies Limited; Walbro; and Alcast Technologies.

Grand View Research has segmented the global aluminum casting market on the basis of process, end use, and region:

Aluminum Casting Process Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Die Casting

·         Permanent Mold Casting

·         Others

Aluminum Casting End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Transportation

·         Industrial

·         Building & Construction

·         Others

Aluminum Casting Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central and South America

·         MEA

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

Industrial Alcohol Market to Witness Tremendous Growth and Expansion by 2025

The Report Industrial Alcohol Market Analysis, By Product (Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol), By Source, By Application, By Region, And Segment Forecasts, 2018 - 2025

The global industrial alcohol market is expected to reach USD 223.63 billion by 2025, according to a new report by Grand View Research, Inc. Regulatory changes by distinct governments globally, mandating the use of ethanol in gasoline blend as an alternative fuel accompanied by rising demand for ethanol as octane level enhancer is driving the industrial alcohol market.

In terms of revenue, ethanol was estimated as the largest product in 2016 and the trend is anticipated to continue at a growth rate of 9.5% over the forecast period. Increasing need for fuel grade ethanol is driving its growth. On account of rising global greenhouse gas emissions, the requirement for an alternative to fossil fuels in transportation is gaining importance. Owing to its lower emission properties, ethanol among the other biofuels is largely preferred as a clean fuel in transportation. Besides fuel grade, ethanol is also available in food grade variant and is used in many industrial, pharmaceutical and food & beverage applications.

Industrial alcohol can be derived from various sources such as corn, sugarcane molasses, fossil fuels, and from grains. U.S. and Brazil dominated the ethyl alcohol market in terms of both volume and value. Corn is the largest source of ethanol in U.S. whereas sugarcane is the largest source in Brazil.

Methanol, which is largely derived form syn-gas, is used in the chemical industry as an anti-freeze, intermediate, denaturant for ethanol, fuel, and solvent for the production of various chemicals. Besides ethyl alcohol and methyl alcohol, others such as isopropyl alcohol and isobutyl alcohol, are witnessing increased applications in various end use industries.

However, the prices of industrial alcohols are fluctuating owing to the production disequilibrium in the raw materials such as sugar, natural gas and crop based starches such as corn and bagasse

Access Research Report of Industrial Alcohol Market @ www.grandviewresearch.com/industry-analysis/industrial-alcohol-market

Further key findings from the report suggest:

·       Asia Pacific is expected to witness the fastest growth, in terms of value, at a CAGR of 9.7% from 2017 to 2025 as large number of automobile manufacturers are manufacturing flexible vehicles that can adopt to gasoline and ethanol blended fuel.

·       Ethanol emerged as the largest product, in terms of revenue, in 2016 and is estimated to be valued at USD 99.04 billion by 2025. In terms of revenue, industrial alcohol applications in personal care and as fuel is expected to register the fastest growth over the forecast period.

·       Methanol was estimated as the largest industrial alcohol consumed in China due to its broad applications in industrial, cosmetic, and pharmaceutical industries. Owing to the growing chemical industries in Asia Pacific region, the demand for methanol is expected to propel over the forecast period.

·       The U.S. industrial alcohol market, in terms of revenue, was valued at USD 28,166.3 million in 2016 and is estimated to reach USD 57,975.2 million by 2025. The U.S. is the largest producer and exporter of ethanol.

·       Key players including Royal Dutch Shell Plc, BASF SE, Eastman Chemical Company have made their presence in the market where as manufacturers such as Greenfield Global, Grain Millers, Inc. and Cargill Inc. have a prominent presence in the global market.

Grand View Research has segmented the global industrial alcohol market on the basis of product, source, application, and region.

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

·         Ethyl Alcohol

·         Methyl Alcohol

·         Isopropyl Alcohol

·         Isobutyl Alcohol

·         Others

Industrial Alcohol Source Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025)

·         Grains

·         Sugar & molasses

·         Corn

·         Fossil fuels

·         Others

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

·         Food ingredients

·         Fuel

·         Chemicals

·         Pharmaceuticals

·         Personal care

·         Others

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

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

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

Hybrid Power Solutions Market to Steadily Progress at 9.5% CAGR from 2017 to 2025

The Report Hybrid Power Solutions Market Analysis By System Type, By Power Rating (Up to 10kW, 11kW - 100kW, Above 100kW), By End-use (Residential, Commercial, Telecommunication), And Segment Forecasts, 2018 - 2025

The global hybrid power solutions market is expected to be valued at USD 1.35 billion by 2025, according to a new report by Grand View Research, Inc. Hybrid power solutions are increasingly used owing to advantages such as less fuel consumption and low electrification rates. 

Hybrid power solution systems incorporate more than one type of power source and designed for the generation of centralized electricity grid. They are used to provide energy to many remote areas in developing countries such as India. In addition, the system possesses an ability to offset disadvantages such as fuel flexibility, CO₂ emissions, and reliability. The systems are manufactured to achieve desired attributes at lower cost and maximum efficiency, which in turn is expected to fuel the market growth over the forecast period.

Solar-diesel system type was the largest segment in 2016 and valued at USD 216.1 million. The solar energy and diesel hybrid systems provide energy by using solar irradiance, which is both free & abundant. These systems can be used in various industrial applications such as road lighting and fishing boats. In comparison to gensets systems, solar-diesel provide numerous advantages as they have the capability to minimize CO2 emissions and also reduce the risks associated with increasing fuel prices.

Several companies in the U.S., such as Bergey Wind Power Company (BWC); Integrated Power Corporation (IPC); and New World Power Corporation (NWPC), are investing heavily in the product and market development activities, which includes the development of equipment necessary for providing electricity to remote areas. In a bid to lure more customers, companies are focusing on novel product development.

Access Research Report of Hybrid Power Solutions Market @ http://www.grandviewresearch.com/industry-analysis/hybrid-power-solutions-market

Further key findings from the report suggest:

·       The global hybrid power solutions market was valued at USD 1,352.4 million by 2025 and is estimated to denote a CAGR of 9.5% from 2017 to 2025

·       The global demand for wind-diesel system type was valued at USD 180.4 million in 2016. The segment is anticipated to record steady growth over the next 8 years.

·       Commercial sector is anticipated to be the fastest-growing segment, by end use, ascending at a CAGR of 9.9% over the next 8 years

·       The Middle East and Africa is anticipated to progress at a CAGR of 9.6% over the forecast period. Growing government initiatives toward power generation through renewable sources are expected to boost the demand for solutions in the coming years.

·       Key players of the market include Siemens AG; SMA Solar Technologies AG; Danvest Energy A/S; Alpha Power Solutions; and PFISTERER Holding AG. These players often engage in the research & development activities in order to expand their product portfolios and gain larger market shares.

Grand View Research has segmented the global hybrid power solutions market on the basis of system type, power rating, end use, and region: 

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

·         Solar-Diesel

·         Wind-Diesel

·         Solar-Wind-Diesel

·         Others

Power Rating Outlook (Revenue, USD Million; 2014 - 2025)

·         Up to 10kW

·         11kW-100kW

·         Above 100kW

End-use Outlook (Revenue, USD Million; 2014 - 2025)

·         Residential

·         Commercial

·         Telecommunication

·         Others

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

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

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