Tight Gas market Is Projected To Reach $59.40 Billion by 2020: Grand View Research, Inc.

 

Global tight gas market is expected to reach USD 59.40 billion by 2020, growing at a CAGR of 3.6% from 2014 to 2020. Depleting conventional natural gas reservoirs around the world has prompted the industry to develop unconventional reserves which is expected to remain a key factor driving the market for tight gas.

In addition, government support in the form of financial incentives and tax holidays is also expected drive the market over the forecast period. Favorable regulatory scenario in China, coupled with government initiatives to increase tight gas and CBM production is expected to drive market demand over the next six years. However, high costs associated with drilling and completion of tight gas reserves and environmental concerns caused due to hydraulic fracturing are expected to be a key challenge for market participants in the coming years.

Browse full research report on Tight Gas market: www.grandviewresearch.com/industry-analysis/tight-gas-industry          

Further Key Findings From the Study Suggest:

  • Global tight gas production was 11,816.3 Bcf in 2013 and is expected to reach 16,141.5 Bcf by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
  • Power generation emerged as the leading application market for tight gas and accounted for 33.1% of total tight gas produced globally in 2013. Power generation along with being the largest market is also expected to be the fastest growing application market, at an estimated CAGR of 6.2% from 2014 to 2020.
  • North America dominated the global market for tight gas with the U.S. and Canada together accounting for more than 75% of global tight gas produced in 2013. U.S. dominates the North American tight gas market, with revenue estimated at USD 25.92 billion in 2013, expected to grow at a CAGR of 3% from 2014 to 2020. However, government support to push the production of tight gas in China is expected to make Asia Pacific the fastest growing market for tight gas at an estimated CAGR of 13.6% from 2014 to 2020. However, lack of drilling companies operating in Australia and Western Europe to meet the economies of scale has been hampering the production rate.
  • Key companies operating in the global tight gas market include, Anadarko, British Petroleum, ExxonMobil, PetroChina, Royal Dutch Shell, Sinopec and Total SA among some other companies.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/conventional-energy                     

Grand View Research has segmented the global tight gas market on the basis of application and region:

Tight Gas Application Outlook (Volume, Bcf; Revenue, USD Billion; 2012-2020)

  • Power Generation
  • Industrial
  • Residential
  • Commercial
  • Transportation

Regional coverage of the database includes:

  • North America
    • U.S.
    • Canada
    • Europe
    • Russia
  • Asia-Pacific
    • China
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-tight-gas-market                                                                        

About Grand View Research:

Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.comð

 

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Fat Replacers Market Hits $ 2.79 Billion by 2025: Grand View Research, Inc.

 

The global fat replacers market is anticipated to reach USD 2.79 billion by 2025, according to a new report by Grand View Research, Inc. Growing food processing industry coupled with a trend of maintaining nutritionally balanced lifestyle is expected to augment market growth over the coming years.

The ability of the fat replacer to mimic the physical and chemical qualities of lipids, thereby, providing fewer calories per gram, has revolutionized the food & beverage processing industry. New product launches catering to the low-fat and skimmed products industry is anticipated to propel market growth.

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U.S. fat replacers market by product, 2014 – 2025 (USD Million)

Increasing occurrences of obesity, cancer, high blood cholesterol levels, and coronary heart diseases has urged consumers to shift to a low-calorie diet, thus complementing market demand. Regulatory support aimed at facilitating foreign direct investments in developing countries is expected to amplify food & beverage production, consequently, increasing demand for fat replacers.

Browse full research report on Fat Replacers Market: www.grandviewresearch.com/industry-analysis/fat-replacers-market   

Further Key Findings From the Study Suggest:

  • Investments in nutritional health food products across the world is expected to boost the demand for fat replacer
  • Carbohydrate-based fat replacer was the leading product segment in 2015 and is projected to grow at an estimated CAGR of 6.2% from 2016 to 2025, as they help retain moisture, texture, viscosity, and provide mouthfeel
  • Bakery & confectioneries segment occupied around 25% market share and is projected to witness fastest growth rate from 2016 to 2025
  • Increasing demand for low-fat jams, jellies, chocolates, pastries, biscuits, and cakes is anticipated to increase the demand for fat mimetic in the bakery & confectioneries segment
  • The Asia Pacific is market is expected to witness the fastest growth and hold largest market share by 2025, owing to increasing investments in the food & beverage manufacturing industry
  • The CSA and MEA regions are projected to growth at a high CAGR due to rapid developments in the food processing industry
  • Companies offer a broad range of products and solutions for application specific use. With growing health concerns, products are uniquely balanced in terms of carbohydrate content.
  • Companies operating in this market include Cargill Incorporated, FMC Corporation, Archer Daniels Midland Company, Ashland Global Holdings Inc., Kerry Group PLC., DKS Co Ltd., and Agritech Worldwide Inc.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/food-safety-and-processing                

Grand View Research has segmented the fat replacers market on the basis of product, application, and region:

Fat Replacers Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Carbohydrate based
  • Protein based
  • Fat based

Fat Replacers Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Bakery & confectioneries
  • Dairy & frozen desserts
  • Beverages
  • Processed meat
  • Dressings, margarines & spreads
  • Convenience foods
  • Others

Fat Replacers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Middle East and Africa
    • Saudi Arabia
  • Central & South America
    • Brazil

Access Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-fat-replacers-market

About Grand View Research:

Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

High Heat Foam Market Is Expected To Reach USD 13.89 Billion By 2024: Grand View Research, Inc.

 

The global High Heat Foam Market is expected to reach USD 13.89 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for high heat foams in automotive and aerospace industries is anticipated to drive the market over the forecast period. Growing automotive industry coupled with rising need for lightweight vehicles is expected to fuel industry growth over the forecast period. Need for fuel-efficient vehicles along with government regulations regarding automotive pollution is expected to further drive the market in near future.

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U.S. High Heat Foam Market volume by product, 2014 – 2024 (Kilo Tons)

Growing aerospace industry is anticipated to fuel high heat foams demand over the forecast period. The surge in demand for high heat foams in sports and leisure applications, especially in the Asia Pacific, is also expected to impel high heat foams demand over the next eight years.

Automotive was the leading consumer and accounted for 32.5% of global demand in 2015. Increasing automotive production in China, India, Thailand, and Indonesia is expected to drive this segment over the forecast period. Aerospace also contributed significantly towards the overall market share in terms of revenue. This can be attributed to the high cost of aerospace grade high heat foams than that of other grades available in the market. Growth in the commercial aviation segment is expected to fuel high heat foams demand over the next eight years.

Browse full research report on High Heat Foam Market: www.grandviewresearch.com/industry-analysis/high-heat-foam-market

Further Key Findings From the Study Suggest:

  • The global High Heat Foam Market demand was 1,442.6 kilo tons in 2015 and is expected to reach 2,206.3 kilo tons by 2024, growing at a CAGR of 5.0% from 2016 to 2024
  • Silicone was the leading product segment and accounted for 35.1% of total demand in 2015. Growing demand for these products in the industrial sector is expected to drive this segment over the forecast period.
  • Melamine is projected to grow at a CAGR of 7.4% from 2016 to 2024. The high growth may be attributed to rising use in aerospace sector owing to various to benefits such as excellent thermal insulation.
  • Asia Pacific was the leading consumer and accounted for 45.5% of global volume in 2015 owing to growing automotive and construction industry in the region. It is also expected to witness the highest growth of 5.6% over the forecast period.
  • Major companies operating in the global high heat foams industry include Intec Foams, BASF SE, Sabic, Sinoyqx, UBE Industries, Ltd., Armacell International S.A., Puren Gmbh, Evonik Industries, Wacker Chemie AG, and Rogers Corporation.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/plastics-polymers-and-resins  

Grand View Research has segmented the High Heat Foam Market on the basis of product, application and region:

Global High Heat Foams Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Silicone
  • Polyimide
  • Melamine
  • Polyethylene
  • Others

Global High Heat Foams Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Automotive
  • Locomotive
  • Industrial
  • Aerospace
  • Others

Global High Heat Foams Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
  • Asia Pacific
    • China
    • India
  • Central & South America
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-high-heat-foam-market                                                                       

About Grand View Research:

Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Growing Awareness Pertaining To The Fault Probability Of High Voltage Transformers Is Expected To Drive Dissolved Gas Analyzer Market Till 2024

 

The global dissolved gas analyzer market is estimated to reach a valuation of USD 1.11 billion by 2024 according to a new study by Grand View Research, Inc. The augmented demand to monitor the transformer health in order to increase operational efficiency is expected to significantly fuel the adoption of the product over the forecast period. Dissolved gas analyzers are primarily utilized to identify faults in the power transformers positioned at an early stage. This enables energy companies (utilities) to establish maintenance programs meant for repairing, avoiding faults, and extending the durability of power transformers.

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Asia Pacific Dissolved Gas Analyzer Market by extraction type, 2013 – 2024 (USD Million)

The growing awareness pertaining to the fault probability of high-voltage transformers, paired with the high cost of replacing depreciating transformers, has significantly escalated the product demand. Stringent safety and efficiency regulations imposed by the government of developed countries, such as the U.S., has instigated power transformer users to adopt dissolved gas analyzers. Additionally, the rising adoption of online Dissolved Gas Analysis (DGA), owing to benefits including the remote and continuous monitoring of transformer health, is expected to catapult the market growth over the forecast period.

The Digital Gas Analyzer (DGA) market is characterized by several technological trends. The surging demand for safe power transformers impels industrialists to innovate and find better technological solutions to fulfill the unmet needs of customers. For instance, in February 2013, Qualitrol introduced the new QNet4100 intelligent system for the alarm management and discrete event monitoring. With the widespread adoption of Industrial Internet of Thing (IIoT), a high level of automation may be witnessed in the entire fault detection process in the energy sector. Furthermore, the snowballing deployment of smart grid in the U.S., UK, Germany, China, and India would drive the adoption of gas analyzers to detect fault over the forecast period.

Browse full research report on Dissolved Gas Analyzer Market: www.grandviewresearch.com/industry-analysis/dissolved-gas-analyzer-dga-market

Further Key Findings From the Study Suggest:

  • On the basis of extraction type, the headspace extraction segment is anticipated to witness a robust growth at a far exceeding 14% over the forecast period. This can be attributed to the low risk of operator error from excessive handling of the sample during injection and preparation. In addition to this, the advantage of automating the process associated with this technique is also one of the key factors for the growth in the revenue of this particular segment. Vacuum extraction accounted for the majority market share in 2015 owing to the early development of this extraction technique
  • The power rating segment comprises 100–500 MVA, 501–800 MVA, and 801–1200 MVA DGA devices. The 100–500 MVA power rating gas analyzers segment accounted for more than 60% of the overall revenue share in 2015 and is estimated to grow at a CAGR of more than 12% over the forecast period. The low price and low maintenance costs associated with these devices are one of the primary factors for the adoption of dissolved gas analyzers with these ratings
  • On the basis of analysis type, the laboratory services segment accounted for over 35% of the overall revenue share in 2015. This is primarily attributed to the snowballing R&D investments for developing innovative and efficient methods for aging diagnostics. Furthermore, the growing emphasis by utilities on avoiding failures and lowering the maintenance cost is expected to drive the comprehensive DGA monitoring segment growth over the coming years
  • The Asia-Pacific dissolved gas analyzers market is estimated to grow at a CAGR of more than 13% over the next eight years; this is due to the increased government spending in the industrial infrastructure projects as well as power transformers in order to expand the power capacity to meet the electricity shortage particularly across the emerging economies including India, China, and Indonesia. North America is expected to grow at a moderate pace mainly due to the escalating need to detect faults among the newly installed transformers paired with the growing demand for increasing the lifespan of the old transformers
  • Notable players in the industry include ABB Ltd., Doble Engineering, General Electric, LumaSense Technologies, Morgan Schaffer Inc., Siemens, and Weidmann. The industry is technology driven and continuously evolving. Prominent industry players invest heavily in R&D activities for new product development and product enhancement in order to gaina competitive advantage.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the dissolved gas analyzers market on the basis of extraction type, power rating, analysis type, and region:

Dissolved Gas Analyzers Extraction Type Outlook (Revenue, USD Million, 2013 – 2024)

  • Vacuum Extraction or Rack Method
  • Head Space Extraction
  • Stripper Column Method
  • Others (Multiple Gas extractor)

Dissolved Gas Analyzers Power Rating Outlook (Revenue, USD Million, 2013 – 2024)

  • 100 – 500 MVA
  • 501 – 800 MVA
  • 801 – 1200 MVA

Dissolved Gas Analyzers Analysis Type Outlook (Revenue, USD Million, 2013 – 2024)

  • Smoke Alarms
  • Early Warning DGA Monitoring
  • Comprehensive DGA Monitoring
  • Laboratory Services
  • Database Software
  • Portable DGA Devices

Dissolved Gas Analyzers Regional Outlook (Revenue, USD Million, 2013 – 2024)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa
    • GCC
    • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-dissolved-gas-analyzer-dga-market

About Grand View Research:

Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Smart Office Market Is Getting Traction Due To Growing Need To Efficiently Manage Energy Consumption

 

The global smart office market size is expected to reach USD 57.05 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 13.2% over the forecast period. Organizations are constantly evolving due to changing workforce demographics and technological expectations of modern employees and employers. As a result, a large number of organizations across the globe are anticipated to shift toward smart offices. Rising concerns regarding energy consumption are also likely to augment the market.

Growing adoption of Internet of Things (IoT) is estimated to stoke the growth of the market as IoT enables inter-networking of physical devices through actuators, sensors, network connectivity, and software. Employers are able to improve employee productivity while increasing flexibility of work environment with better connectivity. However, concerns associated with privacyandmalicious attacks are poised to inhibit the growth of the market.

china-smart-office-market.png

Energy management systems (EMS) offer advantages such as measuring energy efficiency improvements, analyzing energy data for better decision-making, and optimization of energy consumption. Audio-video conferencing systems help reduce travelling time and costs by providing a platform to share and collaborate ideas from remote locations. Surging demand for these hardware systems is projected to provide a fillip to the overall market.

Rising popularity of smart office technology is motivating manufacturers to invest in research and development activities for creating cost-effective, reliable, and improved products. Manufacturers are pouring substantial funds into development of new products for providing better user experience, which is expected to trigger the growth of the market.

Browse full research report on Smart Office Market: www.grandviewresearch.com/industry-analysis/smart-office-market     

Further Key Findings From the Study Suggest:

  • Smart office technology enhances experience of employees in terms of integration, intelligence, and intuitiveness
  • By component, the service segment is likely to post the highest CAGR of 15.0% over the forecast period
  • The retrofit segment dominated the market in 2016, with a valuation of USD 14.30 billion. The segment will retain its lead position through 2025
  • The North American region accounted for the largest share of just over 55 % in 2016
  • Key industry participants include ABB Ltd. (Switzerland); Honeywell International, Inc. (U.S.); Johnson Controls (U.S.); Schneider Electric (France); and Siemens AG (Germany).

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/technology                                    

Grand View Research has segmented the global smart office market based on component, office type, and region:

Smart Office Component Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware
    • Security Systems & Controls
    • Smart Lighting & Controls
    • Energy Management Systems
    • HVAC Control Systems
    • Audio-Video Conferencing Systems
  • Software
  • Service

Smart Office Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Retrofit
  • New Construction

Smart Office Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • Japan
    • India
  • South America
    • Brazil
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-smart-office-market                                                                     

About Grand View Research:

Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

CNC Machines Market Is Witnessing Significant Growth Owing To Growing Demand For Reduction In Operating Costs Till 2025

 

The global CNC machines market size is anticipated to reach USD 100.9 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 6.8% over the forecast period. Increasing need for reducing operating costs, manpower, and errors in components is likely to stoke the growth of the market.

Technological advancements are driving the use of CNC machines in development of highly intricate models/components with a definitive finish. This has subsequently led to a rise in implementation of CNC technology in lathe, milling, laser, grinding, and welding machines. Integration of CNC machines with computer-aided manufacturing (CAM) helps in reducing the time required for manufacturing of work pieces and enables hassle-free production of components.

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Commercial demand for advanced, compact-sized CNC machines with automatic tool changers and multi axis machining technology is on a rise. Several large manufacturing units and plants are increasingly adopting CNC lathes to perform operations such as cutting, drilling, knurling, deformation, facing, and turning operations.

Various milling tools such as Poly Crystalline Diamond (PCD) tools and solid carbide tools are being introduced in the market. These tools offer increased efficiency and versatility while performing operations at the shop floor. These new tools also offer durability, resistance toward high temperatures, and enable better machining with reduction in vibrations, wear, and noise.

Browse full research report on CNC Machines Market: www.grandviewresearch.com/industry-analysis/computer-numerical-controls-cnc-market                                                                                                                  

Further Key Findings From the Study Suggest:

  • The global CNC machines market is anticipated to expand at a CAGR of 6.8% over the forecast period, owing to reduction in cycle time, reduced wastage, and increased efficiency
  • The lathe machines segment held the leading share of over 27% in 2016. The growth of the segment can be attributed to availability of 5-axis operation machinery that increases flexibility, reduces operation time, and avoids collision
  • The milling machines segment is estimated to post the highest CAGR of 9.5% during the forecast period, owing to features such as multi-functionality and reduced time requirement
  • The industrial segment is poised to dominate the market until 2025 and reach a valuation of USD 25.17 billion
  • The Asia Pacific region is projected to witness significant growth over the forecast period, owing to increasing number of manufacturing units
  • Key participants in the market are Amada Co., Ltd.; DMTG Corporation; Haas Automation, Inc.; Okuma Corporation; and Yamazaki Mazak Corporation, among several others.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global CNC machines market based on type, end use, and region:

CNC Machines Type Outlook (Revenue, USD Billion, 2014 – 2025)

  • Lathe Machines
  • Milling Machines
  • Laser Machines
  • Grinding Machines
  • Welding Machines
  • Winding Machines
  • Others

CNC Machines End-use Outlook (Revenue, USD Billion, 2014 – 2025)

  • Automotive
  • Aerospace & Defense
  • Construction Equipment
  • Power & Energy
  • Industrial
  • Others

CNC Machines Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Mexico
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-computer-numerical-controls-cnc-machines-market          

About Grand View Research:

Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Thermal Spray Coating Market To Experience Beneficial Growth Due To Growing Preference Over Hard Chrome Coatings Till 2025

The global thermal spray coatings market size is expected to reach USD 14.99 billion by 2025, according to a new report by Grand View Research, Inc. Increasing application scope, owing to advantages such as wear and corrosion protection, low toxic gas emissions, thickness capability and electrical resistance is expected to fuel thermal spray coating market growth. Key applications include aerospace precision parts, automotive, medical instruments and industrial gas turbines. Use of these coating for biomedical and medical instruments to improve wear resistance and boost biocompatibility of prosthetics and dental implants is expected to augment growth.

Rising application scope of gas turbines in ships, locomotives, tanks, helicopters and motorcycles is expected to augment thermal spray coating market over the forecast period. Polymer and metal thermal spray coatings are employed in powdered form for industrial gas turbines blades on account of properties such as high temperature corrosion resistance.

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In terms of revenue, ceramics was the largest application segment for the product market, accounting for 30.1% of the global market in 2016. Ceramics are primarily employed in biomedical industry. HVOF technology is used to spray these products on to substrates which are further used in the medical sector for the manufacturing of dental implants. Expansion of this sector is expected to have a positive impact on growth over the next seven years.

The global product market is expected to witness substantial growth over the forecast period owing to its widespread use in aerospace and automotive industries. Growing demand for corrosion resistant coatings particularly in these two sectors is expected to be a key driver for market growth. Increasing application scope in engineering coating, wear resistant coating, automotive & aerospace, biomedical, food processing, electronics, semiconductors and energy are further expected to promote demand.

Browse full research report on Thermal Spray Coating Market: www.grandviewresearch.com/industry-analysis/thermal-spray-coatings-market

Further Key Findings From the Study Suggest:

  • The global thermal spray coatings market was valued at USD 8.38 billion in 2016 and is expected to grow on account of the increasing demand from the automotive sector.
  • Medical application segment will experience the fastest growth in terms of revenue, growing at a CAGR of 7.8% from 2017 to 2025 on account of the growing demand for better health care facilities coupled with rising number of hospitals
  • Ceramics emerged as the largest product segment in terms of revenue in 2016 and is estimated to reach USD 4.6 billion by 2025 and is anticipated to experience a steady growth over the years ahead.
  • The industry in Asia Pacific is projected to witness substantial growth over the next eight years owing to robust growth in the medical, oil & gas and automotive industry, especially in the countries of India and China. In terms of revenue, the regional market is expected to grow at a CAGR of 7.9% from 2017 to 2025.
  • Key players including Praxair Surface Technologies, Air Products & Chemicals, Cincinnati Thermal Spray, Inc., and TWI Ltd., dominated the global product market.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks    

Grand View Research has segmented the global thermal spray coatings market report on the basis of, product, application, technology and region:

  • Thermal Spray Coatings Product Outlook (Revenue, USD Million, 2014 – 2025)
    • Metals
    • Ceramics
    • Intermetallics
    • Polymers
    • Carbides
    • Abradables
    • Others
  • Thermal Spray Coatings Application Outlook (Revenue, USD Million, 2014 – 2025)
    • Aerospace
    • Industrial Gas Turbine
    • Automotive
    • Medical
    • Printing
    • Oil & gas
    • Steel
    • Pulp & Paper
    • Others
  • Thermal Spray Coatings Technology Outlook (Revenue, USD Million, 2014 – 2025)
    • Coldspray
    • Flamespray
    • Plasma spray
    • HVOF
    • Electric arc spray
    • Others
  • Thermal Spray Coatings Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
      • U.S.
    • Europe
      • UK
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-thermal-spray-coating-market                                                                    

About Grand View Research:

Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com