Permanent Magnets Market Trends, Company Share To 2020: Grand View Research, Inc.

The global market for permanent magnets is expected to reach USD 31.18 billion by 2020, according to a new study by Grand View Research, Inc. Growth of global automobile industry is expected to be a key driving factor for permanent magnets market over the forecast period. Permanent magnets are widely used for numerous applications in automobile industry. Various components such as motors, alternators and gearbox require permanent magnets for their mechanism. Grand View Research further observes that the shift in trend towards developing renewable energy generation including solar and wind energy is also expected to drive the market for permanent magnets. Permanent magnets are used in the stator of the wind turbine which is responsible for producing AC electricity.
Ferrite magnets dominated the global market, accounting for over 80% of total volumes in 2012. However, in terms of revenue, ferrite magnets accounted for just over 20% of the total revenue for the same year. Ferrite magnets are relatively cheaper than other permanent magnets such as NdFeB magnets, SmCO and Alnico magnets and hence account for a relatively smaller revenue share in the overall market. NdFeB is expected to be the fastest growing product segment, at an estimated CAGR of 9.4% from 2013 to 2020. Growing awareness regarding the benefits offered by NdFeB over other magnets in high performance automotive applications is expected to drive its demand over the forecast period.

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Global permanent magnets volume share, by product, 2012

Further Key findings from the study suggest:

• Global permanent magnets demand is expected to reach 1,262.6 kilo tons by 2020 growing at a CAGR of 8.6% from 2013 to 2020
• Automotive industry emerged as the leading application market for permanent magnets and accounted for approximately half of the total consumption in 2012. However, the shift in trend towards adoption of renewable energy including wind energy has helped energy generation to become the most attractive market for permanent magnets. Energy generation is expected to be the fastest growing application market for permanent market at an estimated CAGR of 9% from 2013 to 2020
• Asia Pacific dominated the overall market for permanent magnets and accounted for 80% of the total consumption in 2012. China alone accounted for 65% of world’s demand for permanent magnets in 2012, consolidating its position as the leading permanent magnets producer as well as consumer, on account of huge rare earth metals deposits in the country which are available at an affordable price for domestic industries
• China is expected to continue its dominance in the global market with its government announcing plans to increase permanent magnets capacity in the nation by 20 kilo tons by 2015
• The global market for permanent magnets is highly fragmented with a large number of small Chinese manufacturers operating in the market. These small manufacturers pose threat to large manufacturers in terms of their price offerings. Some of the major companies operating in the global market for permanent magnets include Adams Magnetic Products Co., Hangzhou Permanent Magnet Group, Anhui Earth-Panda Advance Magnetic Material Co. Ltd and Hitachi Metals Ltd., Molycorp Magnequench and Shin-Etsu Chemical Co. Ltd among some other companies

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For the purpose of this study, Grand View Research has segmented the global permanent magnets market on the basis of product, application and region:

Permanent Magnets Product Outlook,

• Ferrite
• Neo (NdFeB)
• SmCO
• Alnico 

Permanent Magnets Application Outlook,

• Automotive
• Electronics
• Energy Generation 
• Other

Permanent Magnets Regional Outlook,

• North America
• Europe
• China
• Rest of Asia Pacific
• Rest of the World

Respiratory Protective Equipment Market Trends 2015 To 2022 by Grand View Research, Inc.

The global respiratory protective equipment market is expected to reach USD 8.53 billion by 2022, according to a new report by Grand View Research, Inc. Rising awareness towards employee health & safety along with increasing respiratory diseases is anticipated to drive industry growth over the forecast period.
Established safety standards by regulatory agencies including Occupational Safety and Health Administration (OSHA) particularly in Europe and North America have also contributed towards industry growth. Stringent regulations for threshold levels have been set by Centre for Disease Control and Prevention (CDC) and World Health Organization (WHO) for employees in healthcare sectors worldwide.
Supplied air respirator is expected to be the fastest growing product segment, at an estimated CAGR of 8.1% from 2015 to 2022. Supplied air respirator is worn when negative pressure and powered air-purifying respirators do not provide adequate protection.
Self contained breathing apparatus (SCBA) accounted for over 40% of the total revenue share of the supplied air respirators and is expected to witness the fastest growth over the next seven years owing to increasing penetration in chemical/petrochemical, mining and sub-sea oil & gas industries.

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Further key findings from the report suggest:

• Global respiratory protective equipment market was USD 4,822.4 million in 2014 and is expected to reach USD 8,538.4 million by 2022, growing at a CAGR of 7.5% from 2015 to 2022.
• Air-purifying respirator emerged as a leading product segment and accounted for over 50% of total market revenue in 2014. Growing construction and pharmaceutical industry particularly in Asia Pacific region is anticipated to drive product demand over the forecast period.
• Industrial was the largest end-use segment and is expected to grow at a CAGR of 7.7% from 2015 to 2022. Growing automotive and metal fabrication industries in emerging economies such as India, China, and Brazil is anticipated to raise product demand over the forecast period.
• North America emerged as the leading regional market with demand share exceeding 35% in 2014. Stringent occupational health & safety norms coupled with growing oil & gas, chemicals and manufacturing industry particularly in the U.S. and Canada is expected to drive the regional growth.
• Asia Pacific is expected to witness the fastest growth of 8.2% from 2015 to 2022. High growth in the region may be attributed to rapid industrialization in economies such as India, Vietnam, China, Thailand, and Malaysia.
• Key players operating in global industry include Delta Plus, 3M Co., Bulwark Protective Apparel Uvex Safety Group, DuPont, Alpha Pro Tech, MSA Safety, Ansell Ltd. and Kimberley-Clark.

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Asia Pacific And Middle East Personal Protective Equipment Market Hits $17.55 Billion By 2022

The Asia Pacific & Middle East personal protective clothing (PPE) market is expected to reach USD 17.55 billion by 2022, according to a new report by Grand View Research, Inc. Conventions regarding worker health & safety issues and practices such as total quality management (TQM) are expected to fuel PPE demand making it mandatory for industries to comply with rules regarding employee safety at the workplace. Additionally, regulatory agencies in Middle East and Asia Pacific have been enforcing stringent regulations on employers to adopt PPE in order to ensure employee safety on account of rising hazards. 

Protective footwear is anticipated to be the fastest growing product segment with revenue share estimated to exceed 20% by 2022. Increasing workplace fatalities in developing economies is anticipated to surge product demand in the near future. Growing construction industry in India, UAE, Saudi Arabia and China is also expected to drive the market over the forecast period. 

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 China PPE market revenue estimates and forecast, by product, 2012-2022 (USD Million)

 Further key findings from the report suggest:

• Asia Pacific & Middle East PPE market was worth USD 9,661.4 million in 2014 and is expected to USD 17,558.6 million by 2022, growing at a CAGR of 7.8% from 2015 to 2022.
• Hand protection was the leading product segment and accounted for 23.7% of total market revenue in 2014. Increasing number of arm injuries, hand cuts, and abrasions in workplace are expected to drive product demand over the next seven years.
• Asia Pacific accounted for over 65% of PPE revenue share in 2014. The region is anticipated to witness high growth over the forecast period on account of rising construction spending coupled with growing oil & gas industry in the region. Key growth countries in the PPE market include China, India, Indonesia and Vietnam.
• Middle East is anticipated to witness average growth of 7.5% from 2015 to 2022. The region is characterized by stringent industry regulations along with growing concern regarding occupational illness and injury cases. These factors are anticipated to drive PPE market in the region.
• Key players operating in Asia Pacific & Middle East region include Honeywell, DuPont, 3M, Ansell and MSA Company.

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Nanoclay Reinforcement Market Analysis, Size, Segment To 2022 by Grand View Research, Inc.

The global nanoclay reinforcement market is expected to reach USD 4.38 Billion by 2022, according to a new report by Grand View Research, Inc. Nanoclay reinforcement market is expected to witness significant growth over the next seven years owing to a growing need for lightweight, portable, durable, high strength and low cost materials in a wide range of applications including automotive, aerospace and marine applications.
Prevalence of favorable government support for use of nanotechnology and increasing production output of nanomaterials is expected to augment market growth in North America and Europe over the forecast period. Low manufacturing & processing cost coupled with abundant availability is expected to drive end use industry demand.

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U.S. Nanoclay Reinforcement Market, By Application, 2012-2022, (Kilo Tons)

Further key findings from the report suggest:

• In terms of revenue, use of nanoclay reinforcements in automotive parts is expected to grow at the fastest CAGR of 23.6% from 2015 to 2022. Rising demand on account of material enhancing characteristics including toughness, stiffness, dimensional stability, thermal resistance, chemical resistance, enhanced barrier properties and flexibility at high temperatures is expected to boost growth over the next seven years.
• Construction was the largest application segment and accounted for over 20% of global volume in 2014. Rising awareness towards incorporating nanoclay reinforced materials for improving efficiency and superior barrier properties is expected to fuel growth.
• Europe held the second largest share of the market in 2014 accounting for 29.0% on account of presence of numerous manufacturers in the region. Favorable regulatory scenario and support from government is expected to drive demand over the forecast period.
• Nanoclay is being utilized as a drug vehicle in the field of medicine. Its ability to control release of drugs in a better way as compared to other polymer nanocomposites is turning out to be a very important application and is expected to boost growth over the forecast period.
• Some of the key market players include Nanocor Incorporated, BYK Additives, Laviosa Chimica Mineraria Spa. Key market players have been integration operations in order to ensure a continuous raw material supply as well as low manufacturing cost. 

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Industrial Protective Clothing Market Forecast Report, Industry Trends To 2022

The global industrial protective clothing market is expected to reach USD 13.30 billion by 2022, according to a new report by Grand View Research, Inc. Rising concern towards worker’s health and safety across a wide host of end-use industries including chemical, oil & gas and manufacturing is expected to remain a key driving factor for global industrial protective clothing market over next seven years. Favorable regulatory scenario to minimize occupational hazards across various regional markets is also expected to have a positive influence on the growth. Increasing construction spending in Asia Pacific and Middle East is anticipated to fuel the industrial protective clothing demand. High price of key raw materials such as aramid and carbon fiber is expected to remain a key challenge for market participants.
Durable protective clothing was the largest product segment with demand share exceeding 55% in 2014.The segment is also expected to witness the fastest growth over the forecast period. High cost of durable products along with increasing safety concerns in low hazard potential work environments has led to emergence of disposable protective apparels.

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U.S. industrial protective clothing market revenue estimates and forecast, by product, 2012-2022 (USD Million)

Further key findings from the report suggest:

• Global industrial protective clothing market demandwas2,743.7million square meters in 2014 and is expected to reach6,435.2million square meters by 2022, growing at a CAGR of 11.5% from 2015 to 2022.
• Chemical defending garments was the largest application segment and accounted for over 30% of total market volume in 2014. Increasing safety regulations regarding worker safety coupled with growth of global chemical industry is expected to drive this segment over the forecast period.
• Flame retardant clothing is anticipated to witness high growth of over 14% in next seven years. Increasing fatalities in chemical industry and focus towards work place safety is anticipated to drive this segment over the forecast period.
• North America emerged as the leading consumer and accounted for over 40% of total volume share in 2014. Favorable OSHA regulations particularly in the U.S. are anticipated to drive the regional growth.
• Asia Pacific industrial protective clothing industry is anticipated to grow at a CAGR of over 15% from 2015 to 2022. Rapid industrialization in emerging markets of China, India, Thailand and Indonesia is expected to drive regional industry growth.
• Major players operating in global market include W. L. Gore & Associates, Microgard, Honeywell International, Lakeland Industries,Kimberly Clark Corporation and PBI Performance Products.

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