Powder Coatings Market Expected to Collect $16.55 Billion by the End of 2024

The global powder coatings market is expected to reach USD 16.55 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand owing to high variation in texture, color & coating thicknesses along with their enhanced durability will augment market growth over the next eight years.

Increasing use of powder coatings for aluminum extrusion used in windows, doorframes, building facades, kitchen, bathroom and electrical fixtures will fuel industry expansion. Rising construction spending in various countries including China, the U.S., Mexico, Qatar, UAE, India, Vietnam, and Singapore will fuel growth over the forecast period. Increasing government support for eco-friendly and economical products will stimulate demand over the forecast period.

General industries were the prominent application segment and accounted for 20.7% of the global volume in 2015. Increasing demand for tractors in the U.S., Brazil, Japan, India, and China is expected to augment the use of powder coatings on account of its corrosion protection, excellent outdoor durability, and high-temperature performance. Moreover, growing usage in agricultural equipment, exercise equipment, file drawers, computer cabinets, laptop computers, cell phones, and electronic components will propel industry expansion.

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

Further Key Findings from the report suggest:

·       Epoxy-polyester hybrid powder coatings will witness the fastest volume growth at a CAGR of 8.1% from 2016 to 2024 as a result of its increasing application in domestic appliances, machines, equipment, decorative devices and general industries. Furthermore, superior properties including greater resistance to yellowing during cure, better transfer efficiency, and cleaner, brighter colors than many epoxy formulations are expected to stimulate industry growth.

·       North America market was valued at USD 1.79 billion in 2015 and will show significant rise owing to growing demand for soccer goals, golf courts, basketball backstops, lockers for players, cafeteria tables, and sports bicycles. Growing automotive industry in the U.S. and rising concern over VOC emissions from solvent-borne coatings during production is expected to propel powder coatings demand.

·       Latin America will witness significant revenue growth at a CAGR of 7.5% from 2016 to 2024 in light of the presence of major players including BASF, AkzoNobel, and Sherwin-Williams along with increasing automotive vehicle sales in Argentina, Brazil, and Columbia.

·       Key participants include PPG Industries, AkzoNobel, Sherwin-Williams, Axalta Coating Systems and BASF, together accounting for over 35.0% of the global market share in 2015. Other prominent players include Valspar Corporation, Nippon Paint, Kansai Paint, and Jotun.

·       Companies are focused on increasing their footprint within the global powder coating industry through constant product innovation. For instance, in September 2014, Sherwin-Williams launched polyester resin powder coatings “Powdura Sprint” for medium density fiberboard (MDF). In March 2015, AkzoNobel launched ultra-reflective powder coating “Interpon ReFlex”, which increases the output of commercial lighting fixtures up to 30%.

Grand View Research has segmented the global powder coatings market on the basis of resin type, application and region:

Resin type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         Epoxy

·         Polyester

·         Epoxy-Polyester (Hybrid)

·         Acrylic

·         Polyurethane

·         Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         Consumer goods

·         Architectural

·         Automotive

·         General Industries

·         Furniture

·         Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Latin 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

Antimicrobial Coatings Market is Anticipated to Upgrade USD 8.43 Billion Revenue By 2025

The global antimicrobial coatings market is expected to reach USD 8.43 billion by 2025, according to a new report by Grand View Research, Inc. Increasing concern among professional industry manufactures about cleaning and to prevent buildings against the growth of bacteria, mold and fungi are expected to drive the overall market growth.

Recent food poisoning outbreaks coupled with high rates of hospital-acquired infections had heightened the awareness among people. Nowadays, people mainly insist on safe and healthy products by offering more for such goods and services.

Silver based biocides are widely used in medical grade applications owing to its excellent antimicrobial properties. Recently, a new U.S. based is othiazolin-based biocide, n-butyl-1,2-benzisothiazolin-3-one is also used as an antimicrobial agent to prevent the spread of germs. Moreover, rising demand for implantable medical devices and increasing burden of cardiovascular diseases is expected to aid the overall market demand over the next eight years.

However, stringent regulations issued by both U.S. and the European Union are anticipated to critically affect the industry over the next eight years. Companies’ products have to be approved and registered with EPA for their specific requirement in which they are used. Recently, manufacturers incorporated antimicrobial agents in the bulk material, which is considered a viable alternative for its application in antibiotics.

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

Further key findings from the report suggest:

·       The global antimicrobial coatings market demand was 372.9 kilotons in 2015 and is expected to exceed 1 million tons by 2025, growing at a CAGR of 10.4% from 2016 to 2025

·       Mold remediation is expected to witness the highest CAGR of 11.1% over the forecast period. The cost involved in remediating a mold-infested building can be staggering, especially when the building has inferior coatings.

·       These coatings provide long-term protection against growth and spread of bacteria, mold, and fungi. After Shock is an antimicrobial coating, registered under EPA which is designed to kill mildew and residual mold.

·       Air conditioning and ventilation segment were accounted for over 25% of the overall volume in 2015. These products help to deter the growth of micro-organisms in heating, ventilation and air conditioning systems. AgION coated materials inhibit the growth of different microbes.

·       The industry is characterized by the presence of multinational companies which holds the major chunk of the total revenue. Industry participants mainly include Diamond Vogel, Dow Microbial Control, AkzoNobel N.V and Sherwin Williams.

Grand View Research has segmented the antimicrobial coatings market on the basis of product, application and region:

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

·         Antimicrobial powder coatings

o    Silver

o    Copper

o    Other

·         Surface modifications and coatings

o    E. Coli

o    Listeria

o    Pseudomonas

o    Others

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

·         Sanitary facilities and kitchen

·         Air conditioning and ventilation systems

·         Food processing and packaging

·         Antimicrobial textile

·         Mold remediation

·         Construction

·         Other applications

Regional Outlook (Volume, Kilo 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

Aerosol Refrigerants Market Is Expected To Witness Revenue Growth At A CAGR Of 6.3% from 2017 to 2025

The global aerosol refrigerants market size is expected to reach USD 1.57 billion by 2025, according to a new report by Grand View Research, Inc. The rising demand for large-scale refrigerators, chillers, and air conditioner systems across the globe is expected to propel demand for the product.

The plant setup for manufacturing the product requires a significant amount of investment during the start-up phase of equipment installation and storage. The presence of stringent government regulations regarding the testing and labeling of such products before and after placing them on the shelves adds to the final cost of the product. As a result, the industry exhibits a notable entry barrier.

The rise of e-commerce portals results in an ease in the product purchase with such companies offering price discounts. In addition, the product has registered an increase in demand from the aftermarket industry as low volumes can be packaged in such containers. The rise in cost of raw materials such as cans, propellants, and actuators is anticipated to affect the industry.

The industry is characterized by the presence of a stringent regulatory framework pertaining to the use of type of refrigerants. In addition, the development of advanced technology products that cause no environmental damage is one of the major emerging trends of the industry. However, the increase in the product adoption is expected to elevate the manufacturer profit margins leading to industry growth.

Access Research Report of Aerosol Refrigerants Market@ https://www.grandviewresearch.com/industry-analysis/aerosol-refrigerants-market

Further key findings from the report suggest:

·       Aluminum based aerosol refrigerants are expected to register high growth at a CAGR of 6.8% from 2017 to 2025, on account of low can weight coupled with the growth of metal recycling activities across North America and Europe

·       The demand for the product in Asia Pacific is expected to reach a value of USD 319.7 million by 2025 on account of growing industrialization leading to a high demand for refrigeration products

·       The industry in the U.S. is anticipated to register a CAGR growth of 6.5% by revenue from 2017 to 2025 due to increasing product adoption by the consumers in the industrial and residential applications

·       Key players are involved in the production of advanced formulations in a bid to drive the industry growth. In addition, the presence of major manufacturers is expected to limit the growth opportunities for the emerging players. 

Grand View Research has segmented the aerosol refrigerants market on the basis of product, and region:

Product Outlook (Volume, ‘000 Units; Revenue, USD Million; 2014 - 2025)

·         Steel

·         Aluminum

Regional Outlook (Volume, ‘000 Units; 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

Fire Protection Materials Market to Reflect a Significant CAGR of 8.4% by 2025

The global fire protection materials for construction market size is expected to reach USD 8.10 billion by 2025, according to a new report by Grand View Research, Inc., projecting an 8.4% CAGR during the forecast period. The market is anticipated to grow with the implementation of fire safety regulations and strict building codes. There are also various official standards established to overlook and ensure product effectiveness. In addition, rising awareness among people toward fire safety is anticipated to trigger market growth.

According to the latest report by National Fire Protection Association (NFPA) published in 2016, fire incidents kill at last seven people each day in U.S. alone. Fire protection materials have gained high popularity as they effectively prevent the spread of fire from one area to the other. These materials can withstand fire for a long time. As a result, firefighters can control the fire and prevent loss of life and property by extending the time frame available during such situations.

Improving attitude toward building safety codes, along with increasing fire hazard incidents, is anticipated to boost sales of fire protection materials around the globe. These materials have immense growth potential and can partially replace traditional construction materials such as sealants, putty, and coating sprays.

Key manufacturers constantly focus on high-end research and technological advancements to produce improved fire protection materials that can withstand fire for a longer duration and produce less smoke when burnt.

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

Further key findings from the report suggest:

·       By type, putty is expected to be the fastest-growing segment, in terms of revenue, exhibiting a CAGR of 9.3% from 2017 to 2025. Sealants, on the other hand, formed the largest segment in terms of revenue in 2016 owing to its growing usage as a primary fire protection material in steel infrastructure

·       Commercial construction is projected to emerge as the largest as well the fastest growing application segment on account rising fire safety regulations and strict building codes for offices, shopping centers, malls, hospitals, schools, colleges, universities, and hotels

·       Asia Pacific is expected to be the fastest growing region with an estimated CAGR of 10.4% from 2017 to 2025. Rising manufacturing industries with support from the government in the form of incentives and subsidies and rapidly growing population have fostered market growth

·       Implementation of strict fire safety regulations, coupled with high disposable income and awareness among public toward fire safety, has made North America the largest consumer of fire protection materials for construction

·       Parameters such as stability of a structure in case it is exposed to fire are taken into consideration while developing new products.

Grand View Research has segmented the global fire protection materials market for construction on the basis of type, application, and region:

Fire Protection Materials for Construction Type Outlook (Revenue, USD Million, 2014 - 2025)

·         Sealants

·         Mortar

·         Spray

·         Sheets/Boards

·         Putty

·         Others

Fire Protection Materials for Construction Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Residential

·         Commercial

·         Industrial

Fire Protection Materials for Construction Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Middle East & Africa

·         Central & South America

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