Fosters building compliance with energy standards is crucial to U.S. Terracotta Cladding Market growth

The U.S. terracotta cladding market is expected to reach USD 711.1 million by 2022, according to a new report by Grand View Research, Inc. increasing refurbishment and renovation projects in both the residential & commercial sectors are a vital determinant for industry growth.

Economic recovery & technological advancements have ushered in innovative panels that insulate buildings, while retaining heat & ambient conditions as required. This lowers the amount of energy spent on heating, cooling or air conditioning (HVAC), and fosters building compliance with energy standards, which is crucial to terracotta market growth. 

Residential applications dominated the U.S. market with over one-fourth of the volume share in 2014. The segment is anticipated to grow at 6.5% CAGR over the forecast period, owing to increasing residential construction activities in the region and favorable government regulations by the World Green Building Council (World GBC) and International Energy Agency (IEA).

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Further key findings from the study suggest:

• The U.S. terracotta cladding market demand was 115,033.5 thousand sq. feet in 2014 and is expected to reach 183,104.1 thousand sq. feet by 2022, growing at a CAGR of 6.0 from 2015 to 2022
• The increasing employment rate in the U.S., coupled with the expansion of existing company buildings to improve their regional presence is expected to drive terracotta cladding demand for office construction. Terracotta cladding in office applications is anticipated to grow at a CAGR of over 6.0% in terms of revenue from 2015 to 2022.
• West South Central is anticipated to emerge as the fastest growing region with a CAGR of 7.3% over the forecast period. Increasing non-residential construction such as offices, hospitals, industrial and commercial construction in the region owing to escalated investments is anticipated to drive the industry.
• West North Central region accounted for over 7% of the terracotta demand in 2015. High demand for ‘vertical homes’ and increasing construction spending in states such as Iowa, Kansan and Minnesota is anticipated to be the key driving factor for regional growth.
• Key market players include Terreal North America, M.F. Murray Company, Carea Ltd., Elite Cladding Systems Ltd., Pace Representatives, Inc., R.A.M. Inc., Shildan, Celotex Ltd., CGL Facades Co., Hunter Doulas, Cladding Corp., Palagio Engineering, Avenere Cladding LLC, James & Taylor Co., Boston Valley Terracotta.

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Green And Bio-based Solvents Market adhesives is expected to propel the market demand over the forecast period

The global green & bio-based solvents market is expected to reach a market size of USD 13.74 billion by 2024, according to a new report by Grand View Research, Inc. The green & bio-based solvents market is expected to witness significant growth over the forecast period owing to the stringent regulations imposed on chemical-based industrial solvents in relation to VOC emissions. The rising demand from key application segments such as paints & coatings and adhesives is also expected to propel the market demand over the forecast period.

The growing application scope of green & bio-based solvents in the aforementioned segments can be attributed to the minimal environmental impacts caused by the products, mainly as they are derived from organic and renewable sources. In addition, the rising consumer awareness regarding the ill-effects of chemical-based solvents has generated a huge demand for eco-friendly solutions across several verticals, including construction and automotive industries globally.

Paints & coatings dominated the market for green & bio-based solvents globally. The other key applications include adhesives, pharmaceuticals, printing inks, and industrial & domestic cleaners. With the rapid growth in industries such as construction, infrastructure, automotive, and furniture, among others, there has been a considerable increase in demand for environmental-friendly adhesive and coating solutions.

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Further key findings from the study suggest:

• Paints & coatings and adhesives application segments are expected to witness significant volume growth during the forecast period, growing at CAGRs of over 5% during the forecast period; this rapid growth can be attributed to rapidly growing demand for eco-friendly solvent solutions from end-use verticals such as construction, and automotive.
• North America dominated the green & bio-based solvents market in 2015 with an estimated revenue of over USD 2 billion; and is projected to grow significantly over the coming years owing to the stringent environmental regulations imposed by the U.S. EPA on industrial solvents for VOC emissions.
• In the North American market, the adhesives segment is expected to witness the highest growth during the forecast period, projected to grow at a CAGR of over 10% in terms of revenue
• Asia Pacific is expected to witness the highest revenue growth during the forecast period, projected to grow at a CAGR of over 11%. This regional market is dominated primarily by China, the market in which is expected to witness growth at a CAGR of over 12% during the forecast period
• Key participants in the green & bio-based solvents market include BASF SE, Archer Daniels Midland Co., BioAmber Inc., and The Dow Chemical Company, among others.
• In recent years, new product developments have been the major growth strategy adopted by key market players for strengthening their market positions.

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Smartphone Screen Protector Market in Asia Pacific is expected to drive the demand over the projected period

The global smartphone screen protector market is expected to reach USD 56.51 billion by 2024, according to a new report by Grand View Research, Inc. increasing demand for the product in premium devices such as iPhone 6, iPhone 6s and Samsung Galaxy Note series is expected to drive industry growth. In addition, repurchase of the screen protectors during the product life is expected to bolster demand.

Increasing smartphone sales primarily in the developing economies such as India and China are driven by improving spending abilities of the consumers is expected to drive industry growth. In addition, increasing demand for smartphones manufactured by Chinese vendors such as Xiaomi Inc. and Oppo Electronics Corp is expected to drive the product growth. Furthermore, the emergence of low-cost screen protector manufacturers, particularly in Asia Pacific is expected to drive the demand over the projected period.

Tempered glass emerged as the most prominent material used in manufacturing the product owing to superior risk mitigation properties. Also, the market is expected to witness increased internal substitution with consumers exhibiting high affinity towards the tempered glass screen protectors. Furthermore, superior adhesive characteristics coupled with declining prices of tempered glass screen protectors is expected to drive the demand for such screen protectors over the forecast period.

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Further key findings from the study suggest:

• PET segment is expected to witness decline at a rate of over (6.1%) over the forecast period. Increasing rejection of the PET products owing to limited screen protection coupled with easy discoloration is expected to drive the growth over the next eight years.
• The >USD 700 application segment demand is anticipated to increase to over 475 million units by 2024 owing to growing demand for premium smartphones over the forecast period. In addition, rising concerns regarding the safety of high price smartphones are expected to drive the product growth.
• U.S. is expected to grow at a CAGR of over 6.9% from 2016 to 2024 owing to increasing adoption of premium technology high price smartphones. Also, increasing demand for protective smartphone accessories coupled with high disposable income of the consumers is expected to translate into increased growth over the forecast period.
• Key participants include Belkin International Inc., Bodyguardz, intelliArmor, Zagg Inc., Free S Speed International Co. Ltd, Jiizii Glass, Clarivue, FeYong Digital Technology Limited. Corning Inc., and AZ Infolink Pvt. Ltd.

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Increasing geriatric obesity levels are the major factors driving the growth of Arthroscopy Market

Global arthroscopy market is anticipated to reach USD 6.34 billion by 2024, according to a new report by Grand View Research, Inc. increasing geriatric population base and rising obesity levels are the major factors driving the growth.

Rising medical tourism, cost efficiency and faster recovery rate are some of the factors resulting in increased adoption. As a result, demand for arthroscopy is increasing, since it’s used in the diagnosis of joint conditions. In addition, constant decline in the price coupled with reimbursement coverage is spurring the adoption of arthroscopy in the treatment of injuries.

Presently, the sector is fragmented in nature with presence of many players competing with each other. The key players are implementing mergers and acquisition strategies to strengthen their position by the expansion of customer base and reduce the number of competing players.

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Further key findings from the study suggest:

• Arthroscopic implant segment dominated globally and is estimated to remain dominant throughout the forecast period. Increasing adoption of implants for diagnosis is mainly driving the growth of the segment.
• The arthroscopic visualization systems are anticipated to witness strong demand during the forecast period due to their ability to provide clear high definition resolution of internal organs.
• The demand for Fluid Management Systems is going to increase considerably during the forecast period with new products entering the sector especially in emerging countries such as Brazil, Mexico and South Africa.
• The key players have faced challenges due to severe pricing pressures and stringent regulatory guidelines. The existing companies are finding it difficult to garner strong revenues.
• Rising demand for minimally surgeries is also supporting the revenue growth since arthroscopy supports the same.
• China, India, Brazil and South Africa are anticipated to register significant growth over the forecast period owing to rising patient awareness related to arthroscopy, presence of largest pool of geriatric population prone to injuries and the surging prevalence of chronic diseases such as osteoarthritis, bone tumor and rheumatoid arthritis.
• Lenient regulatory approval procedures in Asia Pacific are offering easy entry of the new products in the region.
• Some of the key players operating at the global level include but are not limited to ConMed Corporation, Arthrex Inc, Stryker Corporation, Olympus Corporation, Smith & Nephew plc, DePuy Synthes and Zimmer Biomet.
• North America dominated the global scenario with regional share of over 40.0% in 2015. Technological advancements, such as introduction of advanced visualization systems, primarily led to highest revenue generation in the region. Visualization systems help in minimally invasive surgery by providing 3D image of the joint.
• In addition, favorable reimbursement structure, presence of large target patient population and well defined regulatory framework are few factors that are positively affecting the market.

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