Advanced Ceramics Market Growth & Trends
The global advanced ceramics market size is expected to reach USD 147.34 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.0% from 2022 to 2030. Increasing demand for high-performing lightweight materials in industries such as telecom, automotive, aerospace, and medical is propelling the market growth.
Advanced ceramics, also referred to as engineered or technical ceramics, are developed to withstand harsh environments. They are manufactured from high-purity and inorganic compounds. They can be differentiated from traditional ceramics based on their raw materials, structures, manufacturing processes, and functionalities.
The global demand for advanced ceramics is increasing owing to their enhanced characteristics. These are used for developing specialized components with improved mechanical and physical properties for use in different industries based on their requirements. They are used for manufacturing 3D printed components, solid oxide fuel cells, piezoelectric ceramics, multi-component ceramic slurries, ceramic tapes, and ceramic fiber composites.
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After the decline in 2020 owing to COVID-19, the market picked up pace in 2021 and is expected to witness steady growth over the forecast period. Advanced ceramic materials exhibit a very high degree of industrial efficiency. This results in their rising demand for use in heavy machinery, automotive, energy, cutting tools, and defense applications. The rise in defense budgets in countries such as the U.S. and China has played a key role in propelling product demand in the last few years and this trend is expected to continue over the forecast period.
The market is competitive on account of rising product demand and the presence of established players, which are integrated across different stages of the value chain to sustain their market share. Market players are adopting strategies like acquisition and new product development to cater to the growing product demand in different applications and expand their consumer reach and presence.
For instance, in February 2022, Tata Steel Advanced Materials Limited (TSAML) executed an agreement to acquire a 90% equity stake in Ceramat Private Limited (CPL). Advanced ceramics has been identified as a material with immense growth potential by Tata Steel, especially in the medical sector, which compelled it to acquire CPL through its subsidiary. Tata Steel aims to set up a production facility for medical materials through CPL. Such investments indicate a steady growth trajectory for the market over the coming years.
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Advanced Ceramics Market Segmentation
Grand View Research has segmented the global advanced ceramic market on the basis of material, product, application, end-use, and region:
Advanced Ceramics Material Outlook (Revenue, USD Million, 2017 - 2030)
· Alumina
· Titanate
· Zirconate
· Ferrite
· Aluminum Nitride
· Silicon Carbide
· Silicon Nitride
Advanced Ceramics Product Outlook (Revenue, USD Million, 2017 - 2030)
· Monolithic
· Ceramic Coatings
· Ceramic Matrix Composites (CMCs)
Advanced Ceramics Application Outlook (Revenue, USD Million, 2017 - 2030)
· Electrical Equipment
· Catalyst Supports
· Electronic Devices
· Wear Parts
· Engine Parts
· Filters
· Bioceramic
· Others
Advanced Ceramics End-use Outlook (Revenue, USD Million, 2017 - 2030)
· Electrical & Electronics
· Automotive
· Machinery
· Environmental
· Medical
· Others
· Regional Outlooknquiry Before Buying @
o North America
o Europe
o Asia Pacific
o Central & South America
o Middle East & Africa
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About Us:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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Container Glass Industry Overview
The global container glass market size is anticipated to reach USD 82.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.7% from 2021 to 2028. The market is predominantly driven by the increasing demand for fast-moving consumer goods (FMCG) and alcoholic beverages across the globe. FMCG products such as honey, cheese, jam, mayonnaise, spices, spreads, sauces, syrups, processed vegetables/fruits, and oil, and more are packed in various types of jars and bottles made-up of glass.
Container Glass Market Segmentation
Grand View Research has segmented the global container glass market on the basis of product, end-user, and region:
Based on the Product Insights, the market is segmented into Bottles, Jars, Vials & Ampoules, Others.
Based on the End-user Insights, the market is segmented into Food & Beverage Industry, Pharmaceutical Industry, Cosmetics & Personal Care Industry, Chemical Industry, Consumer Application, Others.
Container Glass Regional Outlook
Key Companies Profile & Market Share Insights
The competition among players is based on numerous parameters including product offerings, quality, corporate reputation, and price. Distribution network expansion, product capacity expansion, joint venture, mergers, and acquisitions are some of the key strategies being adopted by the players operating in the container glass market to strengthen their position in the market and gain a higher market share.
Some prominent players in the global container glass market include
Order a free sample PDF of the Container Glass Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Aerospace Parts Manufacturing Industry Overview
The global aerospace parts manufacturing market size was estimated at USD 851.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030.
The rising demand for lightweight, new-generation and fuel-efficient aircraftowing to the emphasis on reducing Greenhouse Gas (GHG) emissions is predicted to boost market growth over the forecast period.The aerospace industry was severely impacted due to the COVID-19pandemic as manufacturers were unable to export the product owing to the trade limitations placed by the various governments. In addition, the majority of the manufacturers suspended operations across all the major economies to comply with the norms for lockdown, which impacted market growth.
Gather more insights about the market drivers, restrains and growth of the Global Aerospace Parts Manufacturing Market
The market for aerospace parts manufacturing is expected to witness a supply-demand gap, leading to a rise in the order backlog of aircraft deliveries. This is expected to encourage the OEMs (aircraft manufacturers) to temporarily increase their production levels to match the order backlog over the forecast period. The manufacturers are expected to witness a significant increase in revenue across the supply chain, owing to the market. The U.S. exhibits the largest market for aircraft parts manufacturing, owing to the presence of established aircraft manufacturing base, coupled with huge potential for aerospace MRO activities. Also, advanced technological capabilities, coupled with airworthiness for the production of superior-quality products, including critical aircraft parts, such as wings and fuselage, are expected to boost industry growth.
Tier 1 suppliers, which comprise systems and major structure manufacturers are engaged in the manufacturing of aero engines, turbines, jets, and engine propulsion systems, experience severe pressure from OEMs. As a result, the industry demonstrates increasing consolidation through tier 1 of the supply chain, owing to rising mergers & acquisitions to reduce the supply chain complexity. The industry players face competition in terms of product quality and design. The industry players are targeting the customers with customized requests to sustain in the market. Companies are also likely to adopt emerging technologies, such as additive manufacturing, to replace the traditional manufacturing process of smaller aircraft components with complex structures.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Aerospace Parts Manufacturing Market Segmentation
Grand View Research has segmented the global aerospace parts manufacturing market report on the basis of product, end use, and region:
Market Share Insights
Key Companies profiled:
Some of the prominent players in the aerospace parts manufacturing market include:
Order a free sample PDF of the Aerospace Parts Manufacturing Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Industrial Insulation Industry Overview
The global industrial insulation market size was estimated at USD 7.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0%.
Increasing product demand for boosting process efficiency, condensation control, noise reduction, freeze protection, and reducing environmental pollution is expected to drive market growth during the forecast period. However, the industry witnessed a severe downfall in the investments in the industrial sector, owing to the pandemic, thereby impacting the market. In addition, a dramatic fall in crude oil prices led to a drop in fiscal resources for oil-producing countries, which affected the product demand from the oil & gas sector.
Gather more insights about the market drivers, restrains and growth of the Global Industrial Insulation Market
The market in the U.S. is expected to witness increased demand for insulation for industrial applications, such as machinery, boilers, pipes, and storage tanks, and in linings of heat exchangers, cooling towers, and ventilation & air conditioning systems, among others. To better serve their customers with customized products and increase their profit margins, most manufacturers turn to independent distribution. Manufacturers also establish a strategic relationship with distributors and provide solutions to the end-users through direct or third-party distribution.
The buyers in the market are essentially medium to large-scale businesses that exhibit limited sensitivity to the price of the product and lay higher emphasis on the product quality and the degree of insulation provided by the materials. In addition, key consumer industries have also exhibited a trend of adoption of advanced products, which, in turn, is expected to drive the demand for a niche products such as aerogel and perlite.
The market exhibits high entry barriers, owing to the presence of a large number of players. In addition, the capital-intensive nature of the market ensures the requirement of a substantial amount of time, planning, and resources for entry and sustenance. Achieving economies of scale remains the top priority in the market, which may discourage new market entrants.
Major industry participants are developing novel manufacturing processes for products to enhance their properties and make them suitable for several applications. Continuous investments in the R&D process by the companies for new product development and improvement in transparent technology for thermal insulation are expected to benefit the market.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Industrial Insulation Market Segmentation
Grand View Research has segmented the global industrial insulation market report on the basis of raw material, product, application, and region:
Market Share Insights
Key Companies profiled:
Some prominent players in the global industrial insulation market include
Order a free sample PDF of the Industrial Insulation Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Advanced Ceramic Industry Overview
The global advanced ceramics market size was valued at USD 103.79 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030.
Increasing penetration of advanced ceramics in various applications, along with the growth in medical and telecom industries, is anticipated to augment market growth over the forecast period. Advanced ceramic, also referred to as technical ceramic, offers improved magnetic, optical, thermal, and electrical conductivity. End-users have been able to reduce their production and energy costs with the help of advanced ceramics that provide high efficiency to end products. The Asia Pacific is a leading market for advanced ceramics in the world in terms of their consumption.
Gather more insights about the market drivers, restrains and growth of the Global Advanced Ceramic Market
The demand for advanced ceramics in the U.S. is primarily driven by an increasing preference for lightweight materials in various industries. Rising production and consumption of these materials and components for the electrical and electronics sector owing to the growing requirement for uninterrupted connectivity, along with their use in flourishing electric vehicle (EV) and defense sectors, are expected to augment the market growth over the forecast period.
Rising market growth is leading to new product development, for example, in June 2021, Starfire Systems Inc. announced the release of Hafnium Carbide (HfC), a new addition to the family of silicon carbide (SiC) forming pre-ceramic polymers. HfC finds application in making ceramic matrix composite (CMC) and high purity powder, which are used in automotive applications for hypersonic and re-entry vehicles.
Furthermore, the rising popularity of 3D printing is propelling the need for advanced ceramics for making parts and components for high-performance applications. For instance, in November 2021, Tethon 3D announced its partnership with Fortify to produce technical ceramics for 3D printing. Such steps will aid market growth by opening new opportunities for the product in the aerospace, medical, and energy industries.
Advanced ceramics are extensively being used in EVs, which is further expected to propel market growth. For example, piezo-ceramic components act like sensors for electronic controls passing information on the engine’s operations. The information is received by electronic components based on ceramic substrates, which control motor management and safety systems like ABS, ASR, and airbag release. Thus, the rising production of EVs is anticipated to boost market growth over the coming years.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Advanced Ceramic Market Segmentation
Grand View Research has segmented the global advanced ceramic market on the basis of material, product, application, end-use, and region:
Advanced Ceramics Material Outlook (Revenue, USD Million, 2017 - 2030)
Advanced Ceramics Product Outlook (Revenue, USD Million, 2017 - 2030)
Advanced Ceramics Application Outlook (Revenue, USD Million, 2017 - 2030)
Advanced Ceramics End-use Outlook (Revenue, USD Million, 2017 - 2030)
Advanced Ceramics Regional Outlook (Revenue, USD Million, 2017 - 2030)
Market Share Insights
Key Companies profiled:
Some prominent players in the global advanced ceramic market include
Order a free sample PDF of the Advanced Ceramic Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Industrial Insulation Industry Overview
The global industrial insulation market size was estimated at USD 7.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0%.
Increasing product demand for boosting process efficiency, condensation control, noise reduction, freeze protection, and reducing environmental pollution is expected to drive market growth during the forecast period. However, the industry witnessed a severe downfall in the investments in the industrial sector, owing to the pandemic, thereby impacting the market. In addition, a dramatic fall in crude oil prices led to a drop in fiscal resources for oil-producing countries, which affected the product demand from the oil & gas sector.
Gather more insights about the market drivers, restrains and growth of the Global Industrial Insulation Market
The market in the U.S. is expected to witness increased demand for insulation for industrial applications, such as machinery, boilers, pipes, and storage tanks, and in linings of heat exchangers, cooling towers, and ventilation & air conditioning systems, among others. To better serve their customers with customized products and increase their profit margins, most manufacturers turn to independent distribution. Manufacturers also establish a strategic relationship with distributors and provide solutions to the end-users through direct or third-party distribution.
The buyers in the market are essentially medium to large-scale businesses that exhibit limited sensitivity to the price of the product and lay higher emphasis on the product quality and the degree of insulation provided by the materials. In addition, key consumer industries have also exhibited a trend of adoption of advanced products, which, in turn, is expected to drive the demand for a niche products such as aerogel and perlite.
The market exhibits high entry barriers, owing to the presence of a large number of players. In addition, the capital-intensive nature of the market ensures the requirement of a substantial amount of time, planning, and resources for entry and sustenance. Achieving economies of scale remains the top priority in the market, which may discourage new market entrants.
Major industry participants are developing novel manufacturing processes for products to enhance their properties and make them suitable for several applications. Continuous investments in the R&D process by the companies for new product development and improvement in transparent technology for thermal insulation are expected to benefit the market.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Industrial Insulation Market Segmentation
Grand View Research has segmented the global industrial insulation market report on the basis of raw material, product, application, and region:
Market Share Insights
Key Companies profiled:
Some prominent players in the global industrial insulation market include
Order a free sample PDF of the Industrial Insulation Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Aerospace Parts Manufacturing Industry Overview
The global aerospace parts manufacturing market size was estimated at USD 851.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030.
The rising demand for lightweight, new-generation and fuel-efficient aircraftowing to the emphasis on reducing Greenhouse Gas (GHG) emissions is predicted to boost market growth over the forecast period.The aerospace industry was severely impacted due to the COVID-19pandemic as manufacturers were unable to export the product owing to the trade limitations placed by the various governments. In addition, the majority of the manufacturers suspended operations across all the major economies to comply with the norms for lockdown, which impacted market growth.
Gather more insights about the market drivers, restrains and growth of the Global Aerospace Parts Manufacturing Market
The market for aerospace parts manufacturing is expected to witness a supply-demand gap, leading to a rise in the order backlog of aircraft deliveries. This is expected to encourage the OEMs (aircraft manufacturers) to temporarily increase their production levels to match the order backlog over the forecast period. The manufacturers are expected to witness a significant increase in revenue across the supply chain, owing to the market. The U.S. exhibits the largest market for aircraft parts manufacturing, owing to the presence of established aircraft manufacturing base, coupled with huge potential for aerospace MRO activities. Also, advanced technological capabilities, coupled with airworthiness for the production of superior-quality products, including critical aircraft parts, such as wings and fuselage, are expected to boost industry growth.
Tier 1 suppliers, which comprise systems and major structure manufacturers are engaged in the manufacturing of aero engines, turbines, jets, and engine propulsion systems, experience severe pressure from OEMs. As a result, the industry demonstrates increasing consolidation through tier 1 of the supply chain, owing to rising mergers & acquisitions to reduce the supply chain complexity. The industry players face competition in terms of product quality and design. The industry players are targeting the customers with customized requests to sustain in the market. Companies are also likely to adopt emerging technologies, such as additive manufacturing, to replace the traditional manufacturing process of smaller aircraft components with complex structures.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Aerospace Parts Manufacturing Market Segmentation
Grand View Research has segmented the global aerospace parts manufacturing market report on the basis of product, end use, and region:
Market Share Insights
Key Companies profiled:
Some of the prominent players in the aerospace parts manufacturing market include:
Order a free sample PDF of the Aerospace Parts Manufacturing Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Europe Wood Based Panel Industry Overview
The Europe wood based panel market size was estimated at USD 16.85 billion in 2016. Wood based products have been dominating the furniture and construction sector in the region and this trend is expected to continue over the projected period, thus impacting the industry on a positive note.
The European wood based panel industry is governed by the stringent regulatory framework. The products offered by the manufacturers need to comply with the quality standards given by the European Union. As a result, manufacturers are likely to focus more on R&D and product quality. Changing consumer preference from the use of ceramic and glass to wood products in furniture, and construction applications is expected to hamper product demand.
Gather more insights about the market drivers, restrains and growth of the Europe Wood Based Panel Market
The product is bio-derived and is expected to witness significant growth in the construction application owing to recyclability. Traditionally, wood products have been dominating the European construction sector and this trend is likely to continue over the projected period. Growing demand for the product for manufacturing floorings, decking, windows, and doors in residential and commercial buildings is likely to have a positive impact on industry growth.
The Construction 2020 Action Plan established by the European government with an objective to stabilize the construction industry growth in the region is expected to have a positive impact on the industry over the forecast period. Product quality and pricing are expected to be the key factors influencing the buyer’s decision. As a result, the manufacturers are expected to lower their product cost in order to tap then consumer attention.
The manufacturing process of wood based panels releases dust, formaldehyde emission, and total organic carbon which raises concern about environmental emission. The government regulations for the emission is expected to hamper the Europe wood based panel market growth over the forecast period. In addition, the growing demand for the raw materials for the biomass industry is likely to lower the availability of wood based panel manufacturing.
Growing demand for recyclable, lightweight, high strength, and sturdy products in the packaging and construction application is expected to propel growth. However, the industry is likely to witness internal substitution over the projected period as the majority of the products cater to similar applications.
Browse through Grand View Research's Advanced Materials Industry Research Reports.
Europe Wood Based Panel Market Segmentation
Grand View Research has segmented the Europe wood based panel market on the basis of product, application, and country:
Market Share Insights
Key Companies profiled:
Some prominent players in the Europe wood based panel market include:
Order a free sample PDF of the Europe Wood Based Panel Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Europe Wood Based Panel Industry Overview
The Europe wood based panel market size was estimated at USD 16.85 billion in 2016. Wood based products have been dominating the furniture and construction sector in the region and this trend is expected to continue over the projected period, thus impacting the industry on a positive note.
The European wood based panel industry is governed by the stringent regulatory framework. The products offered by the manufacturers need to comply with the quality standards given by the European Union. As a result, manufacturers are likely to focus more on R&D and product quality. Changing consumer preference from the use of ceramic and glass to wood products in furniture, and construction applications is expected to hamper product demand.
Gather more insights about the market drivers, restrains and growth of the Europe Wood Based Panel Market
The product is bio-derived and is expected to witness significant growth in the construction application owing to recyclability. Traditionally, wood products have been dominating the European construction sector and this trend is likely to continue over the projected period. Growing demand for the product for manufacturing floorings, decking, windows, and doors in residential and commercial buildings is likely to have a positive impact on industry growth.
The Construction 2020 Action Plan established by the European government with an objective to stabilize the construction industry growth in the region is expected to have a positive impact on the industry over the forecast period. Product quality and pricing are expected to be the key factors influencing the buyer’s decision. As a result, the manufacturers are expected to lower their product cost in order to tap then consumer attention.
The manufacturing process of wood based panels releases dust, formaldehyde emission, and total organic carbon which raises concern about environmental emission. The government regulations for the emission is expected to hamper the Europe wood based panel market growth over the forecast period. In addition, the growing demand for the raw materials for the biomass industry is likely to lower the availability of wood based panel manufacturing.
Growing demand for recyclable, lightweight, high strength, and sturdy products in the packaging and construction application is expected to propel growth. However, the industry is likely to witness internal substitution over the projected period as the majority of the products cater to similar applications.
Browse through Grand View Research's Advanced Materials Industry Research Reports.
Europe Wood Based Panel Market Segmentation
Grand View Research has segmented the Europe wood based panel market on the basis of product, application, and country:
Market Share Insights
Key Companies profiled:
Some prominent players in the Europe wood based panel market include:
Order a free sample PDF of the Europe Wood Based Panel Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Ultraviolet Disinfection Equipment Industry Overview
The global ultraviolet disinfection equipment market size was valued at USD 7.13 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.1% over the forecast period.
Increasing demand for ultraviolet (UV) disinfection equipment in healthcare facilities is expected to have a positive impact on the market growth. The rising prevalence of COVID-19 cases coupled with the increasing R&D spending is expected to boost the demand for UV disinfection equipment over the forecast period. Furthermore, factors, such as disruptions across several end-use industries caused by the COVID-19 pandemic and increased concerns about germs, are expected to have a positive impact on the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Ultraviolet Disinfection Equipment Market
UV air purification is a proven technology, and in many cases, the WHO and CDC have promoted the use of purification in laboratories, hospitals, operating rooms, and universities. In addition, UV air purifiers are recommended to improve air quality in both the residential and commercial sectors to remove particulate matter and dust, which is speculated to curb the spread of coronavirus. The novel coronavirus pandemic has put a few healthcare systems under immense pressure and stretched others beyond their capacities.
Now with the increasing cases of the disease, a lot of hospitals have started incorporating UV systems to disinfect the high-risk indoor setting, which, in turn, is expected to increase the product demand over the coming years. UV disinfection systems have minimum environmental impact compared to sodium hypochlorite and chlorine gas as UV is mostly affected by the electrical grid composition. This makes it a versatile technology.
As more and more electricity sources are becoming green, UV is expected to reduce its environmental footprint. Public health departments have recognized UV disinfection systems as an effective method of treating drinking water, reclaimed water, and wastewater. This has encouraged countries across the globe in incorporating these systems as they are safe and do not require any harmful chemicals to protect water resources and achieve sustainability goals.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Ultraviolet Disinfection Equipment Market Segmentation
Grand View Research has segmented the global ultraviolet disinfection equipment market report on the basis of component type, application, end-use, and region:
Market Share Insights
Key Companies profiled:
Some prominent players in the global ultraviolet disinfection equipment market include:Order a free sample PDF of the Ultraviolet Disinfection Equipment Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com