Wood-Plastic Composites Market: Increase in Building and Construction Activities to Boost Demand, TMR

According to a new report published by Transparency Market Research (TMR), the global wood-plastic composites market demonstrates a highly fragmented and a competitive landscape. With the presence of a number of wood-plastic composite manufacturers, the competition within the market will continue to increase in the years to come. The leading companies, such as, Fiberon LLC, Trex Co. Inc., Fineko, a CPG International, and Advanced Environmental Recycling Technologies, are focusing on expanding their businesses by reaching out to consumers in developing economies. Mergers, acquisitions, and partnerships are likely to surface as the most popular strategies among participants looking to expand their reach across various regions, notes in the study.

As per TMR’s estimations, the global market for wood-plastic composites was US$2.6 bn in 2012. Analysts anticipate the market to expand at a CAGR of 10.80% during the period from 2013 to 2019 and attain a value US$5.3 bn by the end of the forecast period. Polyethylene wood-plastic composites have emerged as the most valued product in this market and the trend is projected to remain so over the next few years, states the research report.

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Demand for Wood-plastic Composites to Remain Strong in Building and Construction industry

Wood-plastic composites find a widespread application in a number of industries, including the automotive, electrical, and the building and construction sectors. They are also extensively utilized into trays, shoe soles, toys, and musical instruments across the world, states the research report. The demand for these composites has been higher in the building and construction industry in the last few years. Thanks to the augmenting utilization of these composites in decking boards, window lineals, door components, rails and balusters, and fencing and sliding products, the building and construction industry is likely to remain the key consumer of wood-plastic composites in the years to come.

The report also analyses the worldwide market for wood-plastic composites geographically, segmenting it into Europe, Asia Pacific, North America, and the Rest of the World (RoW). With a share of more than 65%, North America led the global market in 2012. The regional market is anticipated to continue at the top position over the forecast period. Asia pacific, on the other hand, is expected to present the most lucrative growth opportunities to wood-plastic composite manufacturers in the near future, states the study. 

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Rise in Automotive Industry to Fuel Demand

“The global market for wood-plastic composites is witnessing a high rise in its size and valuation and will be remain doing so over the next few years,” says the author of this study. The significant increase in industrialization and the rising trend of urbanization has fueled building and construction activities across the world, which consequently, is influencing the demand for wood-plastic composites greatly.

Going forward, the rise in the automotive industry will reflect positively on the demand for wood-plastic composites in the near future. However, the advent of several other natural fiber composites as alternatives may limit the market’s growth over the next few years, reports the study.

The global wood-plastic composites market is segmented into the following categories:

By Product

  • Polyethylene wood-plastic composites
  • Polypropylene wood-plastic composites
  • Polyvinyl chloride wood-plastic composites
  • Others (ABS, Polystyrene and Polylactide) 

By Application

  • Building & construction
  • Automotive
  • Electrical
  • Others (Toys, Trays, Musical Instruments, Shoe Soles, etc.) 

The study presented here is based on a report by Transparency Market Research (TMR), titled “Wood-Plastic Composites Market (Product – Polyethylene, Polypropylene, Polyvinyl Chloride, ABS, Polystyrene, and Polylactide; Application – Building and Construction, Automotive, Electrical, Toys, Trays, Musical Instruments, and Shoe Soles) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019.

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players.

According to the report, the global market opportunity in welding productsis expected to rise from US$19,080.3 mn in 2015 to US$23,777.5 mn by 2020. On the basis of technology, the resistant welding segment is expected to lead and account for 26.8% of the market by 2020. By product, the stick electrodes segment is expected to retain its leading position in the market and account for 40.9% of the market by 2020.

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On the basis of application, the automobile and transportation segment is anticipated to lead in the years to come and account for 17.8% of the market by 2020. The building and construction segment will be the second most lucrative application segment by 2020. Asia Pacific is expected to hold a dominant share in the market and is estimated to account for 43.8% of the market by 2020.

Oil and Gas Sector to Drive Growth Prospects of Welding Products Market

According to the lead author of this report, the demand from the automotive sector will boost the global welding products market. In addition to this, the repair and maintenance of automobiles will also boost the demand for welding products. Further, the high demand from the construction sector will help in driving the growth prospects of the welding products market in the coming years. The growth in the construction and infrastructural activities across developing economies is aiding the growth of the market.

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Moreover, the oil and gas sector is also creating a heightened demand for welding products. The construction of new manufacturing facilities and revamping the old oil infrastructures will drive the demand for welding products. The growing concerns relating to safety in the oil and gas industries will drive the need to replace old and worn out pipelines and install new ones, in turn boosting the demand for welding products. “Furthermore, the increase in the drilling activities in the oil and gas sector will drive the demand for offshore rigs, which in turn will create growth opportunities for the global welding products market,” states a TMR analyst.

High Cost of Labor in Developed Nations Posing a Challenge for Market

One of the key restraints in the global welding products market is the lack of skilled and trained labor. Labor cost in developed countries is too high, which in turn escalates the production prices, reducing the profit margins of manufacturers. Lack of skilled labor also hampers the process of welding, restraining the growth of this market. Despite the availability of new technologies, the dearth of skilled labor will make it difficult to implement and provide quality services to customers. On a positive note, the growth of the wind energy power sector will create fresh opportunities for the growth of the global welding products market.

The global welding products market is segmented as follows:

    • Welding Products Market – Technology Analysis
      • Arc welding
      • Resistance welding
      • Oxy-fuel welding
      • Laser beam welding
      • Others (ultrasound welding, etc.)
    • Welding Consumables Market – Product Segment Analysis
      • Stick electrodes
      • Solid wires
      • Flux-cored wires
      • SAW wires and fluxes
      • Others (gases, etc.)
    • Welding Products Market – Application Analysis
      • Automobile and transportation
      • Building & construction
      • Marine
      • Others (repair and maintenance, etc.)

This information is based on the findings of a report published by Transparency Market Research, titled “Welding Products Market (Consumables – Stick Electrode, Solid Wires, Flux-cored Wires, SAW Wires & Fluxes and Gases; Technology – Arc Welding, Resistance Welding, Oxy-fuel Welding, Laser-beam Welding, and Ultrasound Welding; Application – Automobile & Transportation, Building & Construction, Marine, and Repair and Maintenance) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Independent Lubricant Manufacturers Market: Focus on Bio-based Product Development to Present Rewarding Growth Opportunities, TMR

Despite the presence of a large number of small players, the global market for independent lubricant manufacturers features a largely consolidated vendor landscape, wherein the leading four vendors cumulatively accounted for a nearly 58% of the market in 2016, observes a recent report by Transparency Market Research. The Germany-based company FUCHS alone accounted for nearly 37% of the overall revenue generated by the global independent lubricant manufacturers in 2016, hinting towards to stronghold of the company on the global independent lubricant manufacturers market.

The level of competition is high and companies compete on the basis of product pricing, distribution channels, and innovative product offerings. Owing to vast growth opportunities in the field of bio-based lubricants, many leading vendors are focusing on the expansion of their product portfolios to include these lucrative products. Expansion across high-growth emerging economies and introduction of economic and environmentally neutral products could be the most rewarding strategies for companies struggling to establish their footing in the global independent lubricant manufacturers market.

Transparency Market Research estimates that the global independent lubricant manufacturers market, which was valued at US$6,800.79 mn in 2016, will reach US$9,454.04 mn by 2025, expanding at a CAGR of 3.80% between 2017 and 2025.

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Mineral Lubricants to Help Independent Lubricant Manufacturers Gain Maximum Revenues

The mineral lubricants product segment dominated, accounting for a massive 60.8% of the global independent lubricant manufacturers market in 2016. However, the segment’s share is expected to decline nominally during the forecast period, with the segment of synthetic lubricants experiencing a notable rise. In terms of geography, the global market for independent lubricant manufacturers, in terms of market growth potential as well as revenue share, was led by Asia Pacific in 2016, followed by North America.

Thriving Automotive Industry to Remain Key Growth Driver

Some of the primary factors positively influencing the global demand for lubricants from independent manufacturers are the healthy growth of the global automotive industry and the vast rise in demand for bio-based lubricants. The automotive industry, being one of the key consumers of a variety of lubricants, has been witnessing extensive expansion, especially across emerging economies with strengthening financial conditions and a rapidly rising middle-class population with high disposable incomes.

With strict environment protection regulations in place across most key regional markets, the use of high-quality lubricants has witnessed vast rise in the past years. Expected to remain strong in the near future as well, this trend is expected to have vast positive implications on the overall business of independent lubricants manufacturers across the globe. Environmental regulations will also compel the increased usage of bio-based lubricants, presenting promising growth avenues for independent lubricant manufacturers expanding their product portfolios to include innovative bio-based products.

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Fluctuating Raw Material Costs to Increase Cost Challenges for Manufacturers

Fluctuating prices of raw materials are one of the key challenges hindering the growth prospects of the global market for independent lubricants manufacturers. Fluctuation in raw material costs invariably affect pricing models and mostly have a negative impact on profit margins, especially in cost-sensitive regional markets, wherein consumers easily shift preferences, favoring cheaper alternatives. While bio-based lubricants are expected to witness a healthy rise in demand, their high costs could also deter consumers in developing economies from buying bio-based lubricants and instead choosing conventional crude-oil based lubricants.

For the study, the market has been segmented as follows:

Independent Lubricant Manufacturers Market – Product Analysis

  • Mineral lubricants
  • Synthetic lubricants
  • Bio-based lubricants

Independent Lubricant Manufacturers Market – Application Analysis

  • Automotive
  • Aerospace
  • Marine
  • Industrial
  • Others

This review of the global independent lubricant manufacturers market is based on a recent market research report published by Transparency Market Research, titled “Independent Lubricant Manufacturers Market (Type – Mineral Lubricants, Synthetic Lubricants, and Bio-based Lubricants; Application – Automotive, Aerospace, Marine, and Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Chemical Milling Market – Electronics Application Segment Held Significant Share By 2025

Chemical milling can be defined as a subtractive manufacturing process, wherein chemicals are used rather than cutting tools, to manipulate the characteristics of metals. It is considered an economical option for the manufacture of small size metal parts. The difference between chemical etching and chemical milling is that the former is used to manufacture metal parts, while the latter is used to alter the characteristics of those parts.

The process of chemical milling was developed during the renaissance of engraving on the metal parts. Chemical milling is used for the removal of surface-related materials of parts after which chemical etching is performed. At the start of the process, a CAD file is used for the creation of a visual of the final metal part along with the top and bottom patterns that are supposed to be milled. This technique is necessary for the application of photoresist, a layer used to transfer the pattern by UV light on metal parts. Chemical milling generally involves a series of five steps: cleaning, masking, scribing, etching, and demasking. It is useful for creating parts such as haptics, sinks, and filters. The process of chemical milling is ideally suited for metals such as titanium, niobium, and copper, but can be used for wide range of metals such as copper and aluminum.

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Based on type, the market for chemical milling can be segmented into steel chemical etched part, brass chemical etched part, aluminum chemical etched part, and copper chemical etched part. In terms of application, the market for chemical milling can be segregated into aerospace, medical, automotive, electronics, and others.

The market for chemical milling is anticipated to witness moderate growth owing to the expansion of end-user industries. The electronics application segment held significant share of the market in 2016 due to the wide usage of chemical milling in the manufacture of integrated circuits and microelectromechanical systems. The electronics industry commonly uses plasma etching over standard liquid based etching for the production of components. The aerospace segment of the chemical milling market accounted for key share in 2016. The segment is anticipated to witness strong growth during the forecast period. Chemical milling is used to remove shallow layers of materials from extruded parts of airframes, large aircraft components, and missile skin panels, among others. Based on type, the steel chemical etched part segment constituted prominent share of the market in 2016. It was followed by the aluminum chemical etched part and copper chemical etched part segments in the year. Presence of other efficient and economic technologies such as electroforming, laser cutting, and photo etching is likely to hamper the chemical milling market during the forecast period.

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Geographically, North America held major share of the global chemical milling market in 2016. The market in the region is estimated to witness strong growth during the forecast period, led by the high investments in the aerospace sector. Presence of robust electronics manufacturing industry is a key factor driving the chemical milling market in Asia Pacific. Increase in production and sales of automotive in emerging economies of Asia Pacific such as India and China is projected to propel the market for chemical milling in the near future. Significant investments in research & development activities in the medical sector in Europe is the key factor boosting the chemical milling market.

Key players operating in the chemical milling market are Lancaster Metals Science Co., Great Lakes Engineering, Tech-Etch, Tech Met, United Western Enterprises, Orbel, VACCO Industries, and Wist Europe.

Electricity Generating Tires Market- Technological Advancements In Automobile Industry By 2025

Increasing awareness about pollution among consumers and technological advancements in the automobile industry are the key factors driving the electricity generating tires market.

Polymer Solar Cells Market – Demands For PV Integrated Devices And Solar Panels, Analysis By 2025

Polymer Solar Cells Market – Global demand for energy is expected to rise rapidly in coming years. Demand for fossil fuels is declining across the globe, as these fuels lead to concentration of carbon dioxide in the atmosphere. Thus, development of sustainable, renewable, and environmentally-friendly energy sources is one of the major challenges facing the world. Photovoltaic (PV) is one of the trending renewable energy technologies around the globe. It helps converts solar energy into electricity through the usage of solar cells. Solar cells are made of crystalline silicon and other rare earth elements such as germanium, arsenic, gallium, and cadmium. Demand for PV integrated devices and solar panels is rising at the rate of approximately 40% per year. This trend is anticipated to increase further in the next few years. Governments across the regions are offering special grants and conducting implementation programs to encourage the usage of the PV technology.

Polymer solar cell are physically flexible in nature and they are made from solar cells having repeating structural configuration of large PV array. Polymer solar cell produces electrical energy from solar energy through the photovoltaic effect. Polymer solar cell is also known as organic solar cell, which is a thin film solar cell that works on the photo-induced electron transfer mechanism. Various types of polymer solar cells such as dye-sensitized solar cell, double layered polymer cells, and bulk heterojunction cells are available in the market. Highly purified and refined crystalline silicon is used in the manufacturing of highly efficient polymer solar cells which make it an expensive process and raises the overall cost of the panels. The material used for the manufacture of polymer solar PV cells is expensive. It is the same material that is used in the manufacture of computer chips and integrated circuits.

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Demand to generate other alternate technologies has been increasing due to the high manufacturing cost and complex production process of polymer solar cells. Polymer solar cells offer various advantages vis-à-vis crystalline silicon solar PV cells. Polymer solar PV cells are disposable, light in weight, and easy to fabricate. They have low environmental impact and offers high level of customization at the molecular level. Polymer solar PV cells are also employed in a large number of applications compared to crystalline silicon PV cells. Polymer solar PV cells are flexible; thus, these can be applied in windows, walls, flexible electronics, clothes, and other wearables.

Factors such as cost efficiency, rise in demand for solar panels, and increase in need of clean and sustainable energy in electricity generation are driving the global polymer solar PV cells market. High efficiency of polymer solar PV cells and their instantaneous electricity generating properties are further boosting the market across the globe. Increase in awareness about the usage of clean energy sources in energy generation is also propelling the polymer solar cells market. Polymer solar PV cells also have some disadvantages. For instance, these cells degrade during the dark and in high illumination. Thus, these cells cannot be used for a long duration. Furthermore, there are issues with thermal stability and efficiency of polymer solar cells. These factors are hampering the polymer solar PV cells market.

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Based on region, the polymer solar PV cells market can be segmented into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. North America is the biggest player in the manufacture of polymer solar PV cells owing to the large number of renewable energy projects and rapid expansion in the power sector in the region. Asia Pacific also holds a key share of the solar cells market owing to the rise in number of renewable energy projects, growth in the wearable solar electronics industry, and increase in demand for electricity throughout the region. Expansion in electronics and automobiles industries in Europe and Asia Pacific is the major factor boosting the global polymer solar PV cells markets in these regions. Middle East & Africa is a new market for global polymer solar PV cells. However, the market in the region is anticipated to expand significantly during the forecast period. Latin America has also intensified the renewable energy generation programs. Investments are being made in the energy and power sectors in the region. Thus, Latin America is a promising region for the polymer solar PV cells market.

Key players operating in the global polymer solar cells market include Trina Solar Limited, Tata Power Solar Systems Limited, Solar World AG, Jinko Solar Holding Co. Ltd, Alps Technology Inc, Suniva Inc, Pionis Energy Technologies LLC, Borg Inc., and Itek Energy.