Smart Textile/Fabric Market Will Grow Rapidly Owing To Increased Demand In Protection & Military Sectors Till 2020: Grand View Research, Inc.

The global smart textile/fabric market is expected to be valued at USD 1.59 billion by 2020, growing at a CAGR of 24.1% from 2013 to 2020. The market is expected to be fuelled by growing penetration of smartphones and other smart or high-tech devices including iPods. Majority of new laptops and smartphones are equipped with Bluetooth Low Energy (BLE) technology which enables the connection of sensor-based devices to the Internet through mobile phones.
Miniaturization of electronics is expected to significantly fuel industry growth over the forecast period. In order to make sensors compatible with fabric and ensure optimum comfort and wearability, industry participants have focused on reducing form factors to facilitate efficient integration of components into the fabric.
Laundering is a key challenge in the use of smart garments since they are integrated with electronic components. Washability deals with physical resistance against high temperature and mechanical stresses, as well as chemical resistance against moisture and detergents. This also results in issues with battery performance.

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Further Key findings from the study suggest:

·         Growth in end-use industries of smart textiles is expected to favorably impact the smart textile market in the coming years. Protection & military is expected to be a prominent end-use segment, and register high growth throughout the forecast period. Sports & fitness and medical are also expected to emerge as fast growing application sectors.

·         Consumers have been focusing on fashionable products that go a step further from traditional functions of fabric. Growth in the fashion and entertainment industry is expected to propel overall smart fabric market growth. Additionally, demand from the sports and fitness sector has been increasing on account of growing awareness pertaining to the benefits of a healthy lifestyle.

·         Ensuring efficient power supply is a key issue, since using conventional batteries may render the target garment too bulky for wear. Efforts to combat this drawback include development of a lightweight fabric that acts as a credible power supply, thus fulfilling the dual purpose of wearability and functionality.

·         Need to incorporate innovations in the textile industry and prevent shifting of production facilities to cost effective markets of Asia Pacific has led to initiatives by regulatory bodies. The European Commission, for instance, has co-financed a number of projects over the years in order to boost smart textile development. These include WEALTHY, MyHeart and BIOTEX among others.

·         The smart textile market comprises a large number of players based on their role in the ecosystem. Numerous R&D activities are conducted in order for new product development and innovations. Key companies operating in the market include Ohmatex ApS, Clothing+, Adidas, Weartech, Fibretronic Limited, and Peratech Ltd.

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Grand View Research has segmented the smart textiles market on the basis of end-use and region:
Smart Textiles End-Use Outlook:

• Fashion and Entertainment
• Sports and Fitness
• Medical
• Transportation
• Protection and Military
• Architecture 

Smart Textiles Regional Outlook:

• North America
• Europe
• Asia Pacific
• RoW 

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Insulation Market Will Increasing Demand For Construction And Refrigeration Industry Till 2024: Grand View Research, Inc.

The global insulation market is expected to reach USD 93.34 billion by 2024, according to a new report by Grand View Research, Inc. Rising importance of energy efficient buildings owing to escalating energy costs is expected to remain a key driving factor for global insulation market.
Legislative frameworks such as new building codes by the European Union, energy efficiency improvement program by U.S. DoE, etc. are also considered to stimulate the market growth. Increasing construction spending, particularly in Asia Pacific and the Middle East, is also expected to have a positive influence on the market growth. Volatile prices of key raw materials are expected to challenge market profitability.
Foamed plastic was the leading product segment with demand share exceeding 45% in 2015. Favorable properties of the material, such as higher R-value (thermal resistance) and fire resistance are expected to propel the foamed plastic demand over the forecast period. Increasing demand from construction, as well as refrigeration industry, will have a considerable impact on the market growth. The segment is also expected to witness the highest growth of 8.9% from 2016 to 2024.

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Further key findings from the study suggest:

 ·         Residential construction emerged as the leading application segment and accounted for 39.1% of total market revenue in 2015. Increasing construction spending in Asia Pacific, along with stringent regulations pertaining to the energy efficiency of households in North America and Europe is expected to spur the market growth.

·         Nonresidential construction is expected to witness the highest growth of 9.1% over the forecast period. Increasing shopping malls, commercial complexes in Asia Pacific and the Middle East is expected to drive this segment over the forecast period.

·         Asia Pacific led the global insulation industry with demand share estimated at 42.4% in 2015. Rapid industrialization along with construction growth on account of rising income levels has spurred the insulation products demand in this region. Asia Pacific is also expected to witness the highest growth of 9.4% over the forecast period. North America and European insulation industry will mainly be triggered by the recent regulations supporting energy efficient buildings.

·         The market is highly competitive and due to its capital intensive nature, the market is expected to have high barriers to entry. The global market is characterized by the presence of multinational players having a presence across the value chain. Key market players include Saint-Gobain, Rockwool, Johns Manville, Knauf, Huntsman Corporation, GAF Materials Corporation, Johns-Manville Corporation, etc. 

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Grand View Research has segmented the global insulation market on the basis of product and application:
Insulation Product Outlook (USD Million, 2014 – 2024)

·           Fiberglass

·           Foamed Plastic

·           Mineral Wool

·           Others

Insulation Application Outlook (USD Million, 2014 – 2024)

·         Residential Construction

·         Industrial, HVAC & OEM

·         Non-residential construction

Insulation Regional Outlook (USD Million, 2014 – 2024)

·         North America

·         U.S.

·         Europe

·         Germany

·         France

·         UK

·         Asia Pacific

·         China

·         India

·         Japan

·         Central & South America (CSA)

·         Middle East & Africa (MEA)

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Coated Fabrics Market Will Rising Demand In Food Processing, Agriculture, Chemical Processing Applications Till 2020: Grand View Research, Inc.

The global market for coated fabrics is expected to reach USD 22,576.7 million by 2020, according to a new study by Grand View Research, Inc. Coated fabrics market is expected to witness rapid growth due to positive outlook on application markets and product innovation. Increasing growth in automotive industry is also expected to boost the coated fabrics market over the forecast period. Rising demand for protective clothing due to its wide application in food processing, agriculture, chemical processing is expected to fuel the market growth of coated fabrics. The global construction industry has seen a steady recovery over the last three years, enhanced infrastructure spending, particularly in Brazil, China and India is expected to be mirrored in the demand for coated fabrics.
Transportation was the largest application segment for coated fabrics, accounting for nearly 1,183 million square meters of total demand in 2013, due to their increasing use in airbags. Upturn in automotive production, especially in emerging markets of India, China and Brazil is expected to be a key factor for market development over the next six years. Protective coatings accounted for coated fabric demand of 526.7 million square meters in 2013, owing to its favorable insulation and thermal management properties.

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Further key findings from the study suggest:

• Global coated fabrics demand was 3,400.2 million square meters in 2013 and is expected to reach 4,400.0 million square meters by 2020, growing at a CAGR of 3.8% from 2014 to 2020.

• Asia Pacific was the largest regional market for coated fabrics, with revenue exceeding USD 7,600 million in 2013. It is further expected to grow due to surging population, increasing automotive demand and growing infrastructure spending. In addition, Asia Pacific is also expected to witness fastest growth, at an estimated CAGR of 5.1% from 2014 to 2020.

• North America and Europe are expected to witness demand growth at an estimated CAGR of 3.5% and 3.2% from 2014 to 2020, respectively.

• Polymer coated fabric accounted for over 85% of market share of coated fabrics in 2013, due to its wide use in automotive, personal protective clothing, healthcare and furniture applications. It is expected to witness demand growth at an estimated CAGR of 3.9% from 2014 to 2020.

• The global coated fabrics market is fragmented and includes players such as Omnova Solutions, Saint-Gobain S.A., Spradling International Inc., Takata Corporation, Trelleborg AB, ContiTech AG and Isotex S.p.A.

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For the purpose of this study, Grand View Research has segmented the global coated fabrics market on the basis of production, application and region:
Coated Fabrics Product Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2020)
            • Polymer coated fabrics
            • Rubber coated fabrics
            • Fabric backed wall coverings
Coated Fabrics Application Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2020)
            • Transportation
            • Protective clothing
            • Industrial
            • Furniture
            • Others
Coated Fabrics Regional Outlook (Volume, Million square meters; Revenue, USD Million, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

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Advanced Ceramics Market Was Valued At USD 56.70 Billion In 2015 And Is Expected To Reach $134.58 Billion By 2024: Grand View Research, Inc.

The global advanced ceramics market is expected to reach USD 134.58 billion by 2024, according to a new report by Grand View Research, Inc. Rising product demand in numerous end-use industries on account of their longer life span, cost effectiveness as opposed to their conventional counterparts is expected to have a positive impact on the market over the next eight years.
Rising automobile demand among consumers on account of changing lifestyle and increasing disposable income is expected to fuel product need over the forecast period. In addition, the product has been substituting metals and plastics in high performance applications in the automotive sector which will propel industry growth over the projected period.
Advanced ceramics have been gaining high acceptance among consumers over the past few years due to rising awareness regarding their benefits such as high tensile strength, biodegradability and durability. Rising environmental concerns are expected to further fuel product demand over the next eight years.

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Further key findings from the report suggest:

·         Global advanced ceramics market value was USD 56.70 billion in 2015 and is projected to reach USD 134.58 billion by 2024, growing at a CAGR of 10.2% from 2016 to 2024

·         Titanate ceramics are expected to be the fastest growing material segment at a CAGR over 11.5% from 2015 to 2024 in terms of revenue on account of their increasing use as capacitors. Rising need for energy storage globally is expected to boost product demand

·         Monolithic ceramic market was estimated at over USD 45 billion in 2015. The product is employed in various lining and insulation applications as they can withstand extremely high temperatures, and are resistant to abrasion as well as thermal shock. These factors are expected to positively impact industry growth over the forecast period.

·         Bioceramics application segment was valued at over USD 2 billion in 2015. It is expected to be the fastest growing segment on account of its increasing use in hip and joint replacements

·         Medical sector was estimated at over 6 billion in 2015. Rising demand from this industry for various applications such as tissue & bone replacements, and dental implants is expected to propel product demand over the next eight years.

·         North America was the second largest market and is expected to grow at a CAGR over 9.5% from 2016 to 2024 in terms of revenue. Strict environmental regulations have led to increased product use as it aids in pollution control. In addition, stringent emission standards in Europe and North America are expected to provide growth opportunities for ceramic filters over the next eight years.

·         In November 2015, Oerlikon signed an agreement to acquire the advanced ceramics business of Laser Cladding Services, LLC. In July 2015, Morgan Advanced Materials invested in the semiconductor market. to optimize its manufacturing capabilities

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Grand View Research has segmented the global advanced ceramics market on the basis of product, material, application and region:
Advanced Ceramics Material Outlook (Revenue, USD Million, 2013 - 2024)

·         Alumina ceramics

·         Titanate ceramics

·         Zirconate ceramics

·         Ferrite ceramics

·         Others

Advanced Ceramics Product Outlook (Revenue, USD Million, 2013 - 2024)

·         Monolithic ceramics

·         Ceramic coatings

·         Ceramic matrix composites

Advanced Ceramics Application Outlook (Revenue, USD Million, 2013 - 2024)

·         Electrical equipment

·         Catalyst supports

·         Electronic devices

·         wear parts

·         Engine parts

·         Filters

·         Bioceramics

·         Others

Advanced Ceramics End-use Outlook (Revenue, USD Million, 2013 - 2024)

·         Electrical & electronics

·         Automotive

·         Machinery

·         Environmental

·         Medical

·         Others

Advanced Ceramics Regional Outlook (Revenue, USD Million, 2013 - 2024)

·         North America

·         U.S.

·         Europe

·         Germany

·         UK

·         Asia Pacific

·         China

·         India

·         Latin America

·         Brazil

·         MEA

·         Saudi Arabia

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