Coated Fabrics Market Demand Was 3,400.2 Million Square Meters In 2013 And Is Expected To Reach 4,400.0 Million Square Meters By 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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U.S. Terrazzo Market To Witness Growth On Account Of Its Rising Demand In Buildings Include Educational And Transport Till 2024: Grand View Research, Inc.

The U.S. terrazzo market is expected to reach USD 1.47 billion by 2024, according to a new report by Grand View Research, Inc. Development of new generation flooring system, fully automatic concrete tile making, software development to design sustainable & customer-centric designs, and monitoring systems to enhance distribution & contracting services are some of the significant developments in the U.S. industry. The shift in consumption trend towards customized flooring system designs is also expected to drive the domestic market over the forecast period.
Technology is playing an important role across the value chain. From raw material to end-use customers, technological advancements are helping to upgrade the services, which in turn is expected to make customer service more effective and efficient in the near future.
Epoxy is the most widely used product segment and accounted for over 60% of total market volume in 2015. The product is limited to indoor application owing to environmental concerns, such as UV exposure, associated with the product. Rustic and polyacrylate, on the other hand, are recommended for outdoor areas as they are hard and can withstand adverse environmental conditions. Such factors are anticipated to balance the overall demand in the near future.

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Further key findings from the report suggest:

·         The U.S. terrazzo market volume was 297.4 million sq. ft. in 2015 and is expected to reach 434.3 million sq. ft. by 2024, growing at a CAGR of 4.3% from 2016 to 2024

·         Educational sector dominated the application segment and accounted for over 45% of total market volume in 2015. The increase in the number of educational institutes, universities, auditoriums and schools in the U.S. is expected to remain a key factor for higher penetration of terrazzo in this sector. The segment is also expected to witness the highest growth of 4.6% over the forecast period.

·         Terrazzo used in commercial buildings is expected to reach a market worth over USD 200 million by 2024

·         Key companies include Terrazzo USA & Associates, Doyle Dickerson Terrazzo, Inc., The Venice Art Terrazzo Co., Inc., Klein & Company, Inc. Terrazzco, H.B. Fuller Construction Products, RBC Industries, Sherin Williams, David Allen Company, EnviroGLAS Products, Inc. and Key Resin Co.

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Grand View Research has segmented the U.S. Terrazzo market based on product and application:
U.S. Terrazzo Product Outlook (Volume, Million Square Feet, Revenue, USD Million, 2016 - 2024)

·         Cement

·         Epoxy

·         Sand Cushion

·         Bonded

·         Monolithic

·         Polyacrylate

·         Rustic

U.S. Terrazzo Application Outlook (Volume, Million Square Feet, Revenue, USD Million, 2016 - 2024)

·         Educational

·         Commercial

·         Government Buildings

·         Transport

·         Others

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Stainless Steel Market To Gain From Enhanced Usage In Building And Construction Industry To 2024: Grand View Research, Inc.

The global stainless steel market is expected to reach USD 127.19 billion by 2024, according to a new report by Grand View Research, Inc. Stainless steel finds wide application in various end-use industries including building & construction, transportation, industrial machinery, household appliances, metal goods, and electronics owing to inherent characteristics such as durability, high tensile strength, and resistance.
Rapid urbanization and improving socio-economic standards coupled with expanding middle-class population is expected to be the key factor driving market demand, particularly in the infrastructure sector. Increasing investment in construction and infrastructure led to an 8% increase in demand for long products in the past few years.
Stainless steel is extensively used in petrochemical as well as oil exploration & production industries. Rising oil exploration and production activities across the globe to meet growing energy requirements is expected to further drive stainless steel demand over the forecast period. Stainless steel forms the basis of production of pressure valves, heat exchangers, cracking furnaces, tanks, chemical tankers, and process pipes in the petrochemical industry. On the other hand, it is used in sub-sea systems, offshore platforms and LNG tankers in case of exploration equipment.

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Further key findings from the report suggest:

·         Automotive application of stainless steel is expected to witness the fastest growth at a CAGR of over 4% from 2016 to 2024. CAFÉ regulations in the U.S. emphasize on thereduction of CO₂ emissions from vehicles by reducing their weight. Stainless steel is a major component in vehicle manufacturing owing to light weight, corrosion resistance, and aesthetic appeal. It used in car doors, bus bodies, exhaust systems, motor shafts, silencer wool, and timber truck & trailer.

·         North America market was estimated over 3,000kilo tons in 2015. U.S. being a major market in the region accounts for a major chunk of the demand.Construction industry growth in U.S is expected to positively impact the stainless steel market. Stainless steel caters to demand from various application segments such as building &construction, heavy industries, and consumer goods. Increased application of stainless steel in heavy industries and consumer goods is expected to impact positively on market growth of stainless steel in this region.

·         POSCO, Acerinox, Baosteel, Aperam, and Outokumpu are leading market players on the global level as of 2015. Other market players include Bristol metals, Jindal Steel, Nippon Steel & Sumitomo Metal, RTI Industries, Sandmeyer Steel, Sandvik Materials, Schmolz+Bickenbach AG, ThyssenKrupp, and Viraj.

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Grand View Research has segmented the global stainless steel market on the basis of grade, product, application and region:
Stainless Steel Grade Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         200 series

·         300 series

·         400 series

·         Duplex

Stainless Steel Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         Long

·         Flat

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

·         Building & Construction

·         Heavy Industry

·         Automotive

·         Consumer Goods

·         Others

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

·         North America

·         U.S.

·         Europe

·         Germany

·         UK

·         France

·         China

·         Asia Pacific

·         Japan

·         India

·         Latin America

·         MEA

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Industrial Protective Footwear Market To Exhibit Growth At 9.0% CAGR For Oil & Gas Segment Till 2020: Grand View Research, Inc.

The global industrial protective footwear market size is expected to reach USD 6.56 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to the rising number of worker accidents across global organizations.
Comfort, innovation, safety, and aesthetic value are the key characteristics of the industrial safety footwear. The global shoe manufacturers over the years have been striving to integrate these features into their products in order to offer improved safety in the workplace as well as provide comfort to workers. Industrial protective shoes have been facing a substantial demand from various industries to avoid fatalities and accidents in the workplace.
With a paradigm shift towards worker safety instead of maximizing profits, a huge demand has been created for protective footwear in hazardous work environments and is anticipated to drive the industry over the forecast period.
In the recent years, safety wear has emerged as an increasingly preferred choice for many companies. These safety products are essential for the prevention and protection against occupational fatalities to workers as well as for the prevention of legal action towards organizations.
However, the high sale volume of spurious and cheap products in the industry is envisioned to challenge the industry growth in the near future. Furthermore, due to the increasing popularity and rising demand for premium branded safety shoes, these products become the sole target for counterfeiting. Thus, high sales volume of counterfeit and low-quality products are expected to challenge the industry growth.

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

Further key findings from the report suggest:

·         Leather footwear is presumed to emerge as a predominant product over the forecast period. Leather is increasingly used in safety shoes to provide protection against fatal electric shocks due to its non-conductivity. Moreover, a genuine leather provides protection against falling objects, punctures, cutting hazards, burns, and extreme weather.

·         The rubber safety shoe market was valued at over USD 120 million in 2015 and is expected to grow at a considerable rate over the forecast period. With the emerging use of intense colored rubber materials, safety shoes have now become ergonomically enhanced, water resistant, and lightweight, thereby making them a good choice for various industries.

·         Construction is expected to emerge as a predominant application segment over the next eight years. Growth in this segment is primarily driven by the rising number of workplace accidents, which has, in turn, fueled the adoption of industrial shoes among infrastructure developers to improve occupation safety.

·         Europe led the industry in terms of market share in 2015 and is expected to retain its dominance over the forecast period. The demand in this region is mainly driven by the implementation of standards and compliance with stringent regulations that mandate the use of safety shoes at the workplace. The widespread presence of safety shoe manufacturers in the region is anticipated to drive the industry growth in the region.

·         Low-cost labor, capital, and raw materials, as well as low-interest loans and tax incentives, have forced footwear manufacturers to migrate from North America, UK, and Italy to Asia, especially China. Moreover, the Chinese government is presently attracting footwear manufacturers with various incentives and is working to shift the footwear production sites from the coastal regions to internal territories.

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Grand View Research has segmented the global industrial protective footwear market on the basis of product, application, and region.
Industrial Protective Footwear Product Outlook (Revenue, USD Million, 2012 - 2024)

·         Leather Footwear

·         Waterproof Footwear

·         Rubber Footwear

·         Plastic Footwear

Industrial Protective Footwear Application Outlook (Revenue, USD Million, 2012 - 2024)

·         Construction

·         Manufacturing

·         Mining

·         Oil and gas

·         Chemicals

·         Food

·         Pharmaceuticals

·         Transportation

Industrial Protective Footwear Regional Outlook (Revenue, USD Million, 2012 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         RoW

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