High Performance Alloys Market Is Expected To Witness Significant Growth Owing To Increasing Substitution Of Steel And Alloys Till 2024

High performance alloys market is expected to reach USD 11.33 Billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to increasing substitution of steel and other alloys by titanium and aluminum based high performance alloys. High strength coupled with superior oxidation resistant properties exhibited by these materials is expected to drive demand over the projected period.

Growing use of the product in industrial gas turbines and other gas turbines used in power generation is expected to drive growth over the forecast period. In addition, increasing government expenditure particularly in developing economies to restart gas based power plants is expected to have a positive impact growth. Furthermore, declining oil & natural gas prices are expected to

Technological advancements related to alloys manufactured using platinum group metals have led to an increase in the demand for the aforementioned product. The platinum-palladium-copper alloys are used in wrought products thereby resulting in a substantial cost reduction. The ruthenium-platinum-palladium alloys are being used increasingly in industrial applications owing to high oxidation resistance and superior strength.

Europe accounted for a significant market share of over 26.0% in 2015 and is expected to witness significant growth over the next eight years. Increasing demand for high performance alloys from the robust automotive and aerospace industry in the region is expected to propel demand.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/high-performance-alloys-market

Further key findings from the report suggest:

• Non-ferrous high performance alloys are expected to be the fastest growing segment, growing at a CAGR of over 3.0% from 2016 to 2024. Increasing application scope of the products in aerospace as well as industrial applications owing to its ability to withstand high temperature and pressure is expected to fuel demand.
• Electrical & electronics segment was valued at over USD 6.00 billion in 2015. High performance alloys used in electrical & electronics applications are added with conductive metals to optimize performance efficiency. Furthermore, growing use of these products in electrical & electronics applications owing to its superior thermal resistance is likely to fuel growth over the forecast period.
• Asia Pacific is expected to exhibit the highest growth owing to growing demand for these products particularly in emerging economies owing to rapid industrialization in Indonesia, India, and China. Furthermore, increasing government initiatives coupled with supportive regulations benefiting the manufacturing sector is expected to augment growth over the projected period.
• Superalloys segment is expected to register a market growth of CAGR of over 4.5% from 2016 to 2024. The corrosion-resistant superalloys are extensively used in extreme environments owing to its ability to offer superior heat and corrosion resistance. Growing use of these alloys in power plants, chemical and petrochemical processing, and oil and gas industries is expected to augment demand over the next eight years.
• Key market players include VSMPO, RTI International Metals, Carpenter Technology Corporation, Aperam, Haynes International, Outokumpu. Alcoa Inc., Timken Company, Precision Castparts Corp.

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Grand View Research has segmented the high performance alloys market on the basis of material, product, application, and region:
High Performance Alloys Market Material Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·         Titanium

·         Aluminum

·         Magnesium

·         Others

High Performance Alloys Market Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·         Non-Ferrous Alloys

·         Platinum Group Alloys

·         Refractory Metal Alloys

·         Superalloys

High Performance Alloys Market Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·         Aerospace

·         Automotive

·         Industrial Gas Turbines

·         Industrial

·         Oil & Gas

·         Electrical& Electronics (E&E)

·         Others

High Performance Alloys Market Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

·         North America

·         U.S.

·         Canada

·         Mexico

·         Europe

·         Germany

·         UK

·         France

·         Russia

·         Asia Pacific

·         China

·         India

·         Japan

·         Latin America

·         Brazil

·         Argentina

·         Middle East & Africa

·         South Africa

Polymer Filler Market Is Expected To Reach 49.72 Million Tons By 2024, Growing At CAGR Of 5.1% From 2016 To 2024: Grand View Research, Inc.

The global Polymer Filler Market is expected to reach USD 62.54 billion by 2024, according to a new report by Grand View Research, Inc. the surge in demand for low-density fillers with better impact strength is likely to propel the market growth. Polymer fillers are likely to emerge as a cheaper alternative to costly plastic resins over the forecast period. Increasing demand for low-cost fillers from various end-use industries in both developed and emerging countries such as the U.S., Germany, India, China, etc. is expected to propel the market growth.
Stringent regulations pertaining to automotive pollution has forced automotive manufacturers in the U.S. and Europe to use lightweight materials for manufacturing. Development of novel low-density fillers is expected to propel the market growth.
Inorganic fillers were the leading product segment and accounted for 78.9% of total market volume in 2015. However, organic fillers are expected to witness a brisk growth of 5.6% over the forecast period. Increasing environmental concerns have attracted more industries to opt for organic filers rather than traditional inorganic fillers. Abundant availability along with renewable nature of the natural fibers such as wood, cellulose, etc. is also expected to have a positive impact on the market growth.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/polymer-filler-market

Further key findings from the report suggest:

·         Global Polymer Filler Market demand was 31.75 million tons in 2015 and is expected to reach 49.72 million tons by 2024, growing at CAGR of 5.1% from 2016 to 2024

·         Automotive and building & construction collectively accounted for over 40% of total market volume in 2015. Increasing demand for high strength plastic composites in all these end-use industries is expected to drive the market growth. Automotive is also expected to witness the highest growth of 5.9% over the forecast period.

·         Asia Pacific emerged dominated the global market with demand share exceeding 45% in 2015. Burgeoning building & construction industry along with favorable governmental regulations in India, China, Indonesia, and Thailand is likely to drive the regional market. Increasing demand for lightweight polymer composites in the U.S. is expected to propel the North American market over the forecast period. 

·         Key market players include Quarzwerke group, 20 Micron Limited, GCR group, Omya AG, Imerys S.A., Hoffman Minerals, Minerals Technologies, Unimin Corporation, LKAB group. Global polymer fillers industry is fragmented in nature, and the threat of new entrants is high due to lower initial investment. Despite presence of a large number of market players, the value chain is mainly dominated by end-use industries as most of the polymer composites are manufactured considering the application requirements.

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Grand View Research has segmented the global Polymer Filler Market on the basis of product and end use:
 Global Polymer Fillers Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

·         Organic Fillers 

·         Natural Fibers

·         Carbon

·         Others

·         Inorganic Fillers 

·         Oxides

·         Hydro-Oxides

·         Salts

·         Silicates

·         Metals

·         Others

 Global Polymer Fillers End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

·         Automobile

·         Building & Construction

·         Electrical & Electronics

·         Industrial Products

·         Packaging

·         Others

 Global Polymer Fillers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

·         North America

·         U.S.

·         Europe

·         Germany

·         France

·         UK

·         Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Middle East & Africa

·         Central & South America

·         Brazil

Geomembrane Market Forecast To Reach $2.08 Billion By 2022: Grand View Research, Inc.

The global geomembrane market is expected to reach USD 2.08 billion by 2022, according to a new report by Grand View Research, Inc. Increasing expenditure for the implementation of waste and water management programs in countries such as India, China, Germany and Russia is expected to drive demand.
Waste management is expected to witness growth at a CAGR of 3.9% from 2015 to 2022. It is used as a lining agent for preventing contamination of groundwater caused by leakage of landfills. In addition, it also minimizes wrinkles and provides stability on steep side slopes in landfill sites.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/geomembrane-market

Further key findings from the report suggest:

·         Global geomembrane demand was 780.9 million square meters in 2014 and is expected to exceed 1,000.0 million square meters by 2022.

·         Demand for the product in water management exceeded 130.0 million square meters in 2014. Increasing importance of leakage protection for storage reservoirs, ponds and golf courses is expected to promote the application of water management practices in municipal and manufacturing sectors.

·         PVC is expected to witness growth at a CAGR of 4.5% from 2015 to 2022 in light of its properties such as high degree of flexibility; reduced expansion coefficient and excellent elongation percentage. They are widely used for lining canals for irrigation, landfill and pond liners to prevent seepage.

·         Latin America geomembrane market is likely to be valued at USD 241.3 million by 2022. In June 2013, the government of Brazil announced royalty increment on mineral production at a percentage from 2% to 4% for mining companies. This initiative is aimed at increasing the mining expenditure in Brazil and thus likely to open new markets over the forecast period.

·         In April 2014, the government of Mexico announced the National Infrastructure Plan (2014-18) with an investment of USD 587 billion over a period of four years for infrastructure improvement in energy, urban development, transportation, communication and healthcare sectors at domestic level. North America geomembrane market is expected to grow at a CAGR of 2.4% from 2015 to 2022, in terms of volume.

·         MEA market is expected to account for 5.6% of the global volume by 2022. Middle East is expected to emerge as a lucrative market for construction in light of supportive regulations to boost manufacturing output of automotive, petrochemicals, and pharmaceutical sectors at domestic level. Governments of Middle East countries have prioritized infrastructure improvement as a part of reducing economical reliance on upstream sectors.

·         Majority of the market players have established their units in North America and Europe in light of high prevalence of suppliers of extrusion and calendaring machines in the regions. Key market players include CETCO, GSE Holdings, Bridgestone America, Nilex, Solmax International Inc. and NAUE.

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Grand View Research has segmented the global geomembrane market by raw material, technology, application and region:
Raw Material Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

·         HDPE

·         LDPE

·         EPDM

·         PVC

·         Others

Technology Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

·         Extrusion

·         Calendering

·         Others

Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

·         Waste Management

·         Water Management

·         Mining

·         Tunnels & Civil Construction

·         Others

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

·         North America

·         U.S.

·         Europe

·         Germany

·         Asia Pacific

·         China

·         Latin AmericaMEA

·         Brazil