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Construction Glass Market Escalates with Improved Revenue Growth by 2022

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Construction Glass Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $121,877 Million by 2022, registering a CAGR of 7.1% during the period 2016-2022. Asia-Pacific generated the highest revenue in 2015, and is expected to maintain its lead, followed by Europe and North America.

Construction glass possesses numerous physical and chemical properties such as electric resistance, chemical resistance, and flexibility in molding, and is unaffected to changes in climatic conditions, thus, fueling the growth of the construction glass market. Increase in adoption of energy-saving products with new infrastructural and construction projects in the developed and developing regions has supplemented the market growth of low-e glass market. In addition, construction glass helps to increase the influx of natural light in the building and meets the need of energy-efficient temperature management. Low-emissivity property of glass is used in advanced glazing solutions to significantly reduce the need of heating and cooling in the buildings, consequently reducing energy consumption and associated CO2 emissions. However, high costs associated with raw materials and economic downturn restrain the market growth.

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Major types of construction glass products included in the report are low-e glass and special glass. Special glass constituted the highest market share over 69% in 2015, and is estimated to reach $83,093 million by 2022, growing at a CAGR of 6.8% from 2016 to 2022. This is attributed to enhanced features such as safety of home from external environmental hazards such as protection from UV rays and noise pollution. Low-e glass is estimated to reach $38,784 million by 2022, registering a CAGR of 7.8%.

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Construction Glass Market

Construction glass is used extensively in residential and nonresidential buildings. Nonresidential construction segment accounted for the largest share of more than 64% in 2015, owing to increase in construction activities of green buildings and various government regulations related to energy-efficient buildings. In addition, new buildings, educational institutes, and industrial buildings have started using solar control low-e glass, which fueled the market growth.

The global construction glass market is categorized based on chemical composition into soda-lime glass, potash-lime glass, and potash-lead glass. Soda-lime glass is the most prevalent type of glass that is used in residential and nonresidential buildings. The segment accounted the highest revenue in the construction glass market constituting around $68,323 million in 2015. However, potash-lead glass segment is expected to dominate the market during the forecast period owing to high refractive index and increased adoption in the manufacturing of artificial gems, electric bulbs, lenses, and prisms.

Among manufacturing process, float process contributed the maximum share in 2015, and is expected to maintain its lead throughout the forecast period, owing to uniform thickness and flat surfaces provided by float process.

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Asia-Pacific accounted for the maximum market share in 2015, and is expected to maintain its lead throughout the forecast period. This is attributed to stringent government regulations related to energy efficiency and infrastructural developments. Moreover, increased adoption of construction glass in developing countries such as India, Thailand, and Malaysia supplemented the market growth. The special glass segment is projected to dominate the global construction glass industry throughout the analysis period, owing to the growing desire for convenience, comfort, and aesthetics and increased focus on energy conservation & safety. LAMEA is expected to witness significant growth in the construction glass industry during the forecast period, owing to increase in industrial and infrastructural activity, especially in Brazil.

Key Findings of the Construction Glass Market:

  • In 2015, special glass accounted for the maximum revenue, and is projected to grow at a CAGR of 6.8% during the forecast period.
  • Nonresidential application segment is expected to grow at a highest CAGR of 7.4% during the forecast period.
  • China is the major shareholder in the Asia-Pacific construction glass market, accounting for around 44% share in 2015.
  • In 2015, soda-lime glass accounted for the highest market share, accounting for over 89%, and is projected to grow at a CAGR of 7.0% during the forecast period.
  • U.S. possessed the largest customer base in North America construction glass market in 2015, and is anticipated to dominate the market throughout the forecast period.

The key players profiled in the global construction glass industry have focused to expand their business operations in the emerging countries by adopting various strategies including R&D, product launch, and acquisition & merger to strengthen their position in the market. For example, Gulf Construction Company launched glass toughening film, for protection against violent weather, accidental glass shattering, and glass-related injuries. The major players profiled in this report include Compagnie de Saint-Gobain S.A., Asahi Glass Co. Ltd., PPG Industries, Inc., Nippon Sheet Glass Co. Ltd., Xinyl Glass Holdings Limited., Central Glass Co., Ltd., China Glass Holdings Limited, Guardian Industries Corp., Schott AG, and Sisecam Group.

 

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Chilled and Deli Food Market to Rise with a Notable Growth by 2022

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Chilled and Deli Food Market is expected to reach $1,051,554 million by 2022, supported by a CAGR of 3.2%.

Chilled and deli food are ready to eat products, which can be easily consumed and stored at a low temperature. The global chilled and deli food market is expected to witness notable growth in the coming years due to the increasing demand for convenience food items. Chilled and deli food has become an important part of the consumers life due to the increasing use of the chilled and deli food items in daily life. In addition, changing lifestyle demographics is another driving factor boosting the growth of this market.

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chilled&deli

Though prepacked sandwiches are widely consumed due to their expedient utility and healthy properties, with the decrease in prices and calorie content, and the development of better preservation procedures, consumers are expected to switch to other options such as salads and savory appetizers.

The global prepacked sandwiches market is witnessing steady growth and is estimated to dominate nearly two-fifths of the global chilled and deli food market in terms of revenue by 2022 at a CAGR of 3.1%. Growing demand in the packaged food industry and rising consumption of healthier food products in the food and beverages industry is attributed for this growth, however, unstable price of raw material is limiting the growth of the market.

Based on type, pies and savory appetizers is the fastest growing segment. It is expected that this segment would dominate the market continuously in terms of growth in the coming years with highest growth rate at a CAGR of 3.4% for the forecast period.

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Key Findings of Chilled and Deli Food Market:

  • Though Asia-Pacific is projected to continue to dominate the chilled and deli food market, LAMEA will grow at a higher CAGR of 4.0%, in terms of revenue.
  • North America accounted for more than one-fourth share of the chilled and deli food market, in revenue, with a CAGR of 2.6%.
  • China dominated in the Asia-Pacific chilled and deli food market, and is expected to grow at a CAGR of 4.0%, in revenue terms.
  • The meats segment of the chilled and deli food market is expected to grow with a CAGR of 3.3%, during the forecast period.
  • Latin America dominated the chilled and deli food market in LAMEA region with nearly half the market share, and is estimated to grow at a CAGR of 5.6%, during 2016-2022.

Based on geography, the market is segmented into North America, Europe, Asia-pacific and LAMEA. Asia-Pacific was the highest revenue-generating region and is expected to grow at a CAGR of 3.8%. LAMEA is anticipated to register significant growth in the forecast period followed by North America and Europe with a CAGR of 4.0%.

Nanocoatings Industry is Set to Boom in 2022

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Increased application of nanocoatings in electronics and automobile industries is expected to offer lucrative opportunities for the global nanocoatings market. Asia-Pacific dominated the market in 2015 due to rise in disposable income resulting in the high standard of living.

Nanocoatings Market Report, published by Allied Market Research, projects that the global market was valued at $3,327 million in 2015, and is expected to reach $13,094 million by 2022, growing at a CAGR of 21.0% during the forecast period. The self-cleaning (bionic & photocatalytic) segment was the largest contributor to the global nanocoatings market in 2015. In the same year, North America held the leading position, and is expected to continue its dominance in the future.

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Nanocoatings offer various benefits such as protection from whether conditions, abrasion resistance, and UV resistance, thus fueling their adoption globally. Self-cleaning segment (bionic & photocatalytic) generated the highest revenue in 2015, as these type of nanocoatings possess the ability to clean themselves by undergoing chemical changes. They are made up of nanoparticles that show super-hydrophilic and super-hydrophobic surfaces, which offer them the self-cleaning ability.

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The electronics segment accounted for the highest revenue in 2015, as electronic components need to be protected from environmental conditions that may reduce their efficiency. These nanocoatings are also used in applications such as the automotive, textile, and construction industries, owing to their anticorrosion, anti-microbial, and easy cleaning properties.

Key Findings of the Nanocoatings Market:

• The electronics application occupied the highest share in 2015, and is expected to grow at a CAGR of 21.0%, in terms of value, during the forecast period.
• North America is the leading consumer of nanocoatings, accounting for approximately more than two-fifths share of the global market, followed by Europe.
• Anticorrosion segment is expected to witness the highest CAGR of 36.4% during the forecast period.
• Automotive & construction segment accounted for one-fourth of the global nanocoatings market in 2015.
• U.S. is the leading market in North American, growing at a CAGR 21.4%.

North America accounted for the largest market share in 2015, whereas Asia-Pacific is projected to grow at the highest CAGR of 23.3% during the forecast period. Utilization of nanocoatings for the prevention of infections due to unhealthy surroundings is expected to increase the demand for nanocoatings from the healthcare industry. Steady growth in the automotive and construction industries in China and India is expected to increase the demand for nanocoatings in the Asian market.

The prominent players profiled in this report include Buhler AG, Nanogate AG, Nanophase Technologies Corporation, Bio-Gate AG, Admat Innovations, Surfix BV, Nanomech Inc., EIKOS Inc., CIMA Nanotech, and Duraseal Coatings Company LLC.

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It’s Time For New Vision – Smart Polymers Industry On The Move

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Upsurge in demand for smart polymers in numerous applications (owing to its exclusive environmental responsive property and increasing research activities) are the prime drivers of the market. However, high cost associated with the use of smart polymers is projected to hamper the market growth during the forecast period.

Smart Polymers Market Report, published by Allied Market Research, projects that the global market was valued at $1,250 million in 2015, and is estimated to reach $3,070 million by 2022, growing at a CAGR of 12.6% from 2016 to 2022. In 2015, physical stimuli responsive segment held almost half of the share of the total market.

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Smart polymer is a subject of great interest for institutional and industrial research. Properties of these polymers such as shape, mechanical properties, phase separation, permeability, and electrical properties changes in response to small variation in environmental conditions. These polymers are widely used in biomedical & biotechnology applications such as drug delivery, tissue engineering, and cell culture support. The extensive research and novel qualities of these polymers has shown significant growth in the market, and is expected to provide lucrative opportunity in the near future.

The growth of the global smart polymers market is driven by the rise in need for efficient & economical drug delivery system, innovative use of smart polymers in the automobile industry, and significant reversible phase transition property of smart polymers. Development of smart polymers from renewable feedstock and increase in awareness about smart polymers in future are expected to provide significant growth opportunities to the industry players. However, high R&D cost increases the overall cost of smart polymers, which is anticipated to hamper the market growth during the forecast period.

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Physical stimuli responsive is the leading segment which are sensitive to environmental factors such as temperature, light, electric field, magnetic field, and mechanical stress, which are widely used as safe polymers in drug delivery and biomaterials.

Shape memory polymer type segment generated the highest revenue in 2015, with almost half of the total market share, followed by self-healing polymer segment. Shape memory polymers retain their original shape at the culmination of the environmental stimulus. These polymers are used in wide range of applications such as surgical fixation, telecommunication, clothing, automotive, and robotics.

Biomedical & biotechnology application segment dominated the global market with more than two-fifths of the global smart polymers share in 2015. Smart polymers are used in multiple biomedical applications such as drug delivery, tissue engineering, bio-separation, biocatalyst, and others.

Key Findings of the Smart Polymers Market:

• In 2015, North America dominated the global market with around one-third of the share, in terms of revenue.
• Chemical stimuli responsive segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 12.8% from 2016 to 2022.
• Asia-Pacific is projected to grow at a highest CAGR of 13.4%, in terms of volume.
• Textile application segment is projected to grow at a highest CAGR of 13.0%, in terms of revenue.
• Self-healing type segment shows the highest growth rate, in terms of revenue, registering a CAGR of 12.9%.

In 2015, North America was the leading region, owing to the increase in research activities and growth in technological advancement for biomedical application. Furthermore, Asia-Pacific is projected to show the highest CAGR of 12.8%, followed by Europe at a CAGR of 12.7% from 2016 to 2022.

The major companies profiled in the report include Covestro AG, BASF SE, Saudi Arabia Basic Industries Corporation (SABIC), Akzonobel, Nippon Shokubai, FMC Corporation, Autonomic Materials Inc., Advanced Polymer Materials Inc., Lubrizol Corporation, and Nexgenia Corporation.

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Sugar Confectionery Market Expected to Reach $55,594 Million, Globally, by 2022

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The demand for sugar confectionery in Asia-Pacific is expected to increase at a rapid pace over the forecast period, owing to the continuous product launches and expansion by key players. Moreover, expansion of local brands in India is expected to boost the sugar confectionery market in Asia-Pacific.

Sugar Confectionery Market Report, published by Allied Market Research, states that the global market was valued at $44,481 million in 2015, and is projected to reach $55,594 million by 2022, growing at a CAGR of 3.2% from 2016 to 2022. Asia-Pacific held more than two-fifths share of the global market in 2015.

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Sugar confectioneries are referred to as food products containing high sugar content such as candies, chocolates, caramels, gums, and cookies, and various types such as. In addition, they include variety of products from inexpensive, to individually wrapped sweets, and to sweets with sophisticated packaging.

The factors that drive the growth of global sugar confectionery market include increase in the retail market and expansion of product portfolio. In addition, the increase in disposable income of consumers in developing countries and the shift of trend towards gifting confectionery items, incessant R&D, expansion by key players, emphasis on promotional activities & social media marketing, and advertising campaigns has led to augment in the global sugar confectionery market. However, high raw material prices are expected to hamper the growth of this market in the near future. Moreover, the rise in demand for dark chocolates and sugar free chocolates are also anticipated to restrain the growth over the forecast period. Major factors projected to impede the market growth are the increase in awareness among consumers about health concerns and the rise in incidence of diabetes globally.

Based on product type, the market is segmented into hard-boiled sweets, caramels & toffies, gums & jellies, medicated confectionery, mints, and others. Hard-boiled sweets accounted for maximum share in the global sugar confectionery market in 2015. Caramels & toffies and gums & jellies segments collectively accounted for more than two-fifths of the market share in 2015.

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Key findings of the Sugar Confectionery Market:

• In terms of value, medicated confectionery segment is expected to expand at a CAGR of 3.9% during the forecast period.
• Asia-Pacific is estimated to maintain its lead position throughout 2022, growing at a CAGR of 4.2%, in terms of value.
• China occupied approximately half of the total Asia-Pacific sugar confectionery market in 2015.
• India is expected to grow at the highest CAGR of 5.1%, in terms of value.

In 2015, Asia-Pacific and North America collectively accounted for two-thirds share of the global sugar confectionery market, and are expected to continue this trend. China, India, and other developing countries are expected to witness high growth rate in Asia-Pacific during the forecast period

The major companies profiled in the report include Nestl SA, Chupa Chups SA., Cadbury PLC, Kraft Foods Inc., Ferrero SpA., The Hershey Company, Perfetti Van Melle S.P.A., HARIBO Dunhills (Pontefract) PLC, Lotte Confectionery Co Ltd, WM Wrigley JR Company, and Lindt & Sprungli.

Thermoset Molding Compounds Market Analysis and Forecasts to 2022

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Thermoset Molding Compounds Market report, published by Allied Market Research, forecasts that the global market is expected to garner $12,298 million by 2022, registering a CAGR of 6.2% during the period. Unsaturated polyester resin is the largest segment by type and is expected to grow at a CAGR of 6.1% during the forecast period.

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The thermoset molding compound market is in its growth stage due to need for weight reduction & safety in transportation and aerospace and increase in demand for thermally stable and corrosion resistant composites. It is emerged as a cost-effective substitute material for the heavy metal in different applications.

Factors that drive the growth of the global thermoset molding compound market are need for safety in transportation & aerospace industry, economically viable option than heavy metals, rise in need for thermally stable & corrosion resistant components, and ease in production of complex shape parts. Economic development in the emerging economies of regions such as Asia-Pacific and LAMEA are expected to provide significant growth opportunities to the industry players. However, factors such as volatility in crude oil prices and stringent regulation associated with thermoset resin may hamper the market growth during the forecast period.

In 2015, polyester resin was the leading segment, with almost one-third market share in terms of revenue, followed by phenolic, urea formaldehyde, and epoxy resin. Polyester resin molding compounds offer remarkable flexibility and it is used for diverse application needs from automotive body panel to a rugged underground utility box. It offers excellent resistance to broad range of chemicals at room temperature such as aliphatic hydrocarbons, gasoline, alcohols, glycols, and ethers. These resins are advantageous for the applications where high mechanical properties, corrosion resistance, and low weight are the foremost important factors. Further, its applications in airplanes, trucks, buses, as structural part in building, sanitary ware market, and cladding panels, roofing tiles, and pipes drives the growth of the market.

Electrical & electronics end-user segment generated the highest revenue in 2015, with almost half of the total market share, followed by automotive segment. Thermosetting molding compounds are used to encapsulate different types of electronic packages such as capacitors, transistors, central processing units (CPUs), memory devices, and others. Along with this, molding compound are also employed in different electrical appliances & circuits owing to its distinct properties, such as rigidity, toughness, resistance to several environmental factors, low cost, stability, and flame resistance.

According to Eswara Prasad, Team Lead, Chemicals & Materials at Allied Market Research, “Rise in demand for lighter-weight and durable parts in automotive industry along with rapid growth in urbanization and increase in disposable income in emerging economies are the prime drivers for thermoset molding compound market. However, regulatory challenges associated with the use of these compounds may hamper the market growth during the forecast period.”

Key Findings of the Thermoset Molding Compounds Market
• In 2015, Asia-Pacific dominated the global market with around half of the share in overall market in terms of revenue.
• Automotive is the fastest developing end-user industry growing at a highest CAGR of 6.9% in terms of revenue, from 2016 to 2022.
• Polyester is the leading segment comprise of one-third share of the total market revenue in 2015.
• In 2015, phenolic resin holds the largest market in terms of volume in the global market.
• Melamine formaldehyde segment is expected to grow at a lucrative rate of 7.3% during the forecast period.

In 2015, Asia-Pacific is the leading region owing to the increase in disposable income, rapid growth in urbanization, and rise in need for weight reduction in automotive components. Further, LAMEA is projected to be the fastest growing region, with a CAGR of 6.8% followed by Europe with 6.4% owing to the rapid industrialization and increase in demand from electrical & electronics industries.

The major companies profiled in the report include Ashland Global Holding Inc., BASF SE, Eastman Chemical Company, Evonik Industries AG, Hexion Inc., Huntsman Corporation, Kolon Industries Inc., Kyocera Chemical Corporation, Plastics Engineering Company (Plenco), Rogers Corporation.

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LTE Market Expected to Reach $997 Billion, Globally, by 2020

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Asia Pacific is forecast to surpass other geographical markets by 2020 with approximately 40% of the global LTE market. Current revenue (2013) from LTE market in Asia Pacific accounts to $2.8 billion and is expected to reach a value of $390 billion by 2020. Furthermore, this would be the fastest growing market throughout the globe, experiencing a CAGR of 71.5%. during 2013 – 2020.

LTE Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $997 billion by 2020, registering a CAGR of 58.2% during the period 2013-2020. Asia Pacific is forecast to surpass other geographical markets by 2020 with approximately 40% of the global LTE market. Current revenue (2013) from LTE market in Asia Pacific accounts to $2.8 billion and is expected to reach a value of $390 billion by 2020. Further more, this would be the fastest growing market throughout the globe, experiencing a CAGR of 71.5%.during 2013-2020.

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Telecom companies have already gained good number of 4G LTE subscribers in the developed countries. On the other hand, in the present scenario, Asia Pacificis still far behind North Americain terms of subscriber strength. However, increasing customer awareness regarding LTE features and benefits and radical improvement in QoS will shoot-up the LTE adoption in the region. Rising sales of advanced gadgets, supporting 4G networks, is further intensifying the need for LTE in the Asia Pacific and other developing regions. Apart from the common subscribers, defense systems, public safety etc. are also evolving as strong applications of LTE. Rising demand in each of these segments is assisting the overall growth of the market. Increased need for high data rate, increased demand in public sector due to efficiency of LTE in speedy communication and need for high quality services are among the primary factors driving the growth of the market.

LTE is a noble technology that demands certain technological advancements in the mobile infrastructure. Mobile operators therefore need increased bandwidth and resilient network connectivity to accommodate next generation LTE networks. Telecom companies still need to work on their network stability in all regions to provide smooth and continuous service even when the customer is under roaming (within the country or abroad). Limited spectrum at different locations, states and countries is also a major challenge for the LTE service providers.

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Frequency division duplex (LTE FDD), Time division duplex (LTE TDD), and LTE Advance are the three prime technologies currently being used. Out of these three technologies, LTE TDD is expected to be the highest revenue-generating segment, growing at a CAGR of 58.7% during the analysis period. Quick and cost effective solutions of LTE TDD over LTE FDD are the primary reasons for this market shift. However, LTE Advance is the fastest growing market during the analysis period due to its ability to provide higher bitrates. The primary application segments of LTE are M2M and connected device, public safety LTE, voice-over LTE (VoLTE), video on demand (VoD), defense and security and such others. Browsing, surveillance and large enterprise collectively will grow at the fastest rate during the analysis period.

The report profiles top ten players in the LTE market namely – AT&T Inc, NTT Docomo Inc, Alcatel Lucent, Verizon Communication Inc, Bharti Airtel Ltd., LM Ericsson, Vodafone Group Plc., Nokia Solutions and Networks B.V., Huawei Technologies Co. Ltd. and China Mobile Ltd.