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As per an FMI study, in terms of volume, the router bits segment is projected to account for more than 40% share throughout the forecast period (2022-2028), and the global woodworking CNC tools market value is expected to cross US$ 2.6 Bn by the end of 2028.

In terms of wood type, medium-density fiberboard (MDF) is anticipated to account for 1/3rd of the total woodworking CNC tools sales through 2028. FMI estimates that the Asia Pacific will hold the dominant share in the market, accounting for 47.3% of the total revenue share in 2022.

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Key Takeaways of Woodworking CNC Tools Market Study

• The 1/2″ type router bits segment is projected to exhibit a healthy annual growth rate, owing to the high preference for DIY as well as industrial applications. Furthermore, the cutters segment also holds noteworthy share in the global woodworking CNC tools market, on back of vast usage in profiling, cutting, and slotting, among others.
• By wood type, MDF (medium-density fiberboard) is projected to hold 1/3 share in the global market, as it is used in furniture, cabinetry, and flooring making. Furthermore, in music equipment, MDF is utilized to make speaker boxes due to its consistency, smooth finish, machinability, and strength.
• Milling, drilling, profiling, and cutting are major applications of woodworking CNC tools. Cutting and milling are projected to be the most lucrative segments in the global market.
• Asia Pacific is projected to progress at a significant CAGR in the global woodworking CNC tools market, owing to rising demand from various end-use industries.

Market Landscape: Highly Fragmented

The global woodworking CNC tools market is highly fragmented, owing to the presence of numerous international and local players. Furthermore, leading players are expected to hold less than 15% share, while the remaining is accounted for by local players. Moreover, China and Mexico are two countries that are anticipated to change the landscape of the global woodworking CNC tools market over the coming years. During the course of research, players such as Robert Bosch GmbH, Rockler Companies, Inc., and Vortex Tool Company Inc., among others, were identified to be the leading players in the woodworking CNC tools market across the value chain.

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Want to Know More?

Future Market Insights has published a market research report on the global woodworking CNC tools market that contains global industry analysis of 2013–2021 and opportunity assessment for 2022–20289. The report provides insightful analysis of the woodworking CNC tools market through four different segments – tool type, wood type, operation, and region. The woodworking CNC tools report also includes macroeconomic factors, forecast factors, and key success factors. Furthermore, the team has also incorporated a list of global suppliers and distributors, as well as a list of online product sellers.

Continuous adoption to energy management solutions is the key factor contributes the growth of global electric-sub meter market. Electric-sub meter that records and measures the electricity usage for each individual unit of the building rather than having a single meter which measures the entire energy consumption of the building. Electric-sub meters are connected downstream from main utility meter and displays individual energy consumption of a residential/ commercial multi?unit buildings. Electric sub-meter allows building owners to bill individual tenant or unit owns for the actual energy consumption and also allowing individual unit owners to take measures to reduce the overall energy consumption. Deployment of electric-sum meters in multi-tenant spaces eliminates additional operational cost, resulting in a variety of environmental, economic, and equity benefits for both the tenant and the building owner.

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Electric Sub-meter Market: Market Dynamics

Controlling monitoring, reducing, and granular reporting of electrical usage are growing importance to today’s facility managers particularly from commercial and industrial sector. Expanding regularity & compliance requirements on energy management, and rising focus on identifying key indicators for efficient electricity usage by industrial, or commercial/ and residential multi-tenant building owners is the prominent factor derives the growth of global electric-sub meter market. Continuous focus on developing efficient energy management strategies across commercial and industrial sector coupled with increasing interest on integrating sub-meters to cloud and big data software analytics to precisely analyse energy usage, accelerates the growth of global electric-sub meter market. Furthermore, government mandate to install sub-meters at the time of construction of a new building and expanding and continuous progression in Internet of Things (IoT) technologies to transform traditional energy infrastructure, further fuels the growth of global electric-sub meter market. However, lack of lack of public awareness about the potential benefits of energy management, is the key factor identified as restraints likely to deter the progression of global electric-sub meter market.

Electric Sub-meter Market: Segmentation

The global electric-sub meter market is segmented on the basis of type, by application and by region.

Electric sub-meter market: Segmentation on the basis of type

• Socket Type/Electromechanical Sub-meter
  • Feed-through Sub-meter
  • Current Transformer
• Non-socket/Electronic Sub-meter
• Smart Sub-meter

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Electric sub-meter market: Segmentation on the basis of application

• Commercial Establishments
  • Large Retail stores
  • Data Centers
  • Others
• Residential Sector
• Industrial Sector

Electric sub-meter market: Segmentation on the basis of region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa (MEA)
• Asia Pacific excluding Japan (APEJ)
• Japan.

Electric Sub-meter Market: Regional Outlook

Among all regions electric-sub meter market in North America is expected to dominate the market, due to high importance for energy management solutions. Asia-Pacific is projected to be the fastest growing electric-sub meter market, due to expanding commercial & industrial sector and continuous adoption of sub-meters for energy management and tenant billing

Electric Sub-meter Market: Competition Landscape

Some of the prominent players in the global electric-sub meter market include GE Digital Energy, Siemens AG, Kamstrup,  Elster Group, Studebaker Submetering Inc., Leviton, Echelon, Nuri Telecom, E-Mon (Honeywell International Inc., Linyang Electronics, Schneider Electric, Chintim Instruments Submeter Solutions, Inc and LEM

The report covers exhaustive analysis on:

• Electric Sub-meter Market segments
• Electric Sub-meter Market dynamics
• Historical Actual Market Size, 2015 – 2016
• Passive Optical Network size & forecast 2017 to 2027
• Ecosystem analysis
• Electric Sub-meter Market current trends/issues/challenges
• Competition & Companies involved technology
• Value Chain
• Electric Sub-meter Market drivers and restraints

Regional analysis for Electric Sub-meter Market includes

• North America Market
  • US
  • Canada
• Latin America Market
  • Argentina
  • Mexico
  • Brazil
  • Rest of Latin America
• Western Europe Market
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Nordic
  • Benelux
  • Rest of Western Europe
• Eastern Europe Market
  • Poland
  • Russia
• Asia Pacific Market
  • Australia and New Zealand (A&NZ)
  • China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan Market
• Middle East and Africa Market
  • GCC Countries
  • North Africa
  • South Africa
  • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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A new Future Market Insights (FMI) study suggests that the global CBRN (Chemical, Biological, Radiological and Nuclear) protection equipment market will exhibit a healthy CAGR of more than 5% during the forecast period of 2019 – 2029. Greater emphasis of governments on enhancing safety of military forces constitutes a major push to global sales of CBRN protection equipment.

Increasing production of bioweapons, bio-agents, as well as chemical weapons has strengthened the demand for CBRN filtration systems, integrated COLPRO systems, and decontamination shelter systems. Demand for personal protective equipment such as gloves, boots, body suits, masks, and hoods is also rising, in line with rise in precautionary training practices.

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Key Takeaways – CBRN Protection Equipment Market Study

• Personal protection equipment will continue to be bestselling throughout the forecast period. The rising focus on safety among military personnel has enhanced demand in countries such as the U.S., Canada, Germany, France, Italy, Spain, and the U.K.
• Demand for integrated COLPRO systems is anticipated to multiply, with rising requirement from developed economies such as the U.S., the U.K., and Germany.
• Decontamination shelter systems would gain significant traction, which will drive CBRN protection equipment market growth.
• With increasing CBRN attacks in developing economies, especially at airports, the demand for immediate response has enhanced the mandate for frequent CBRN protection training. Such CBRN training practices will further drive the global CBRN protection equipment market growth in following years.
• Rising investments in nuclear reactor projects, especially in countries like Russia, India, UAE, Turkey, China, and South Korea are expected to bolster demand for CBRN protection equipment.
• Rapid growth in production of chemicals and bio agents has resulted in greater demand for safety awareness. Regulatory bodies have formed numerous regulations to improve safety awareness among public, which is expected to fuel the growth of the CBRN protection equipment market.
• The report offers essential insights into the competitive scenario and market structure analysis of the CBRN protection equipment market along with the strategies of prominent market participants. Some key participants mentioned in the CBRN protection equipment market report are 3M (Scott Safety), Ansell LTD, Honeywell, AirBoss of America Corp., Indra Systemas SA, MSA Safety Inc., HDT Global, Drägerwerk AG & Co. KGaA, and Avon Protection Systems, among others.

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  Moreover, the global CBRN protection equipment market is competitive due to the presence of regional and large-scale players. However, it has been moving towards competitiveness, with contract acquirements and ongoing mergers and acquisitions of prominent players. Additionally, regional players in emerging markets are focusing on increasing value-addition in their product offerings at competitive pricing.

  What Lies Ahead?

  Political and geographical unrest between certain nations are increasing due to nuclear and bio threats, resulting in increased awareness of CBRN attacks as well as precautionary and preventive measures. The deployment of safety measures and investments in training practices are projected to enhance the demand for CBRN protection equipment over the forecast period.

  Know More About Inclusions of CBRN Protection Equipment Market Report

  A new market research report published by Future Market Insights (FMI) on the global CBRN protection equipment market includes global industry analysis for 2014–2018 and opportunity assessment for the 2019–2029. The report provides insightful analysis of the global CBRN protection equipment market through four different categories – product type, category, end use, and region. The CBRN protection equipment market report details current installed base, product adoption across different applications, prevailing trends and technologies being adopted in the manufacturing of CBRN protection equipment, life cycle analysis, and pricing analysis by different types of products.

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Analysts at Future Market Insights find that the Global AIR BARRIER Market has been evolving at a CAGR of xx% during the historic period 2014-2018. The Market study suggests that the Global Market size of AIR BARRIER is projected to reach ~US$ xx Mn/Bn by the end of 2029 with a CAGR of xx% over the stipulated timeframe 2019-2029.

The COVID-19 pandemic has been posing measurable impact on the Global economy and, in turn, on the AIR BARRIER Market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Q2. This research work intends to offer Market players with a viewpoint on the changing scenario and implications for the Market players.

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The AIR BARRIER Market research demonstrates the current and future Market share of each region alongwith the important countries in respective region. Key regions include:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South East Asia and Others of Asia Pacific
• China
• Japan
• Middle East & Africa (MEA)

Segmentation Analysis on the basis of By End Use

• Industrial Facilities
• Car Parks & Underground basements
• Military Buildings & Bunkers
• Green Houses/ Metal Buildings         

By Product Type

• OSB
• Spray Foam
• Fiberglass/
• Rockwool
• Cellulose
• Others?

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Market Players

• Soprema Inc.
• Certain Teed
• Atlas Roofing
• GCP Technologies
• Carlisle Company
• Firestone Building Products Company, LLC

What does the AIR BARRIER Market research holds for the readers?

• One by one company profile of key vendors.
• Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the Global AIR BARRIER Market.
• Evaluation of supply-demand ratio in every end use industry.
• Regional analysis on the basis of Market share, growth outlook, and key countries.
• Positive and negative aspects associated with the consumption of AIR BARRIER.

The AIR BARRIER Market research clears away the following queries:

1. What is the present and future outlook of the Global AIR BARRIER Market on the basis of region?
2. What tactics are the AIR BARRIER Market vendors implementing to give tough competition to their business counterparts?
3. What are the macro- and microeconomic factors affecting the Global AIR BARRIER Market?
4. Which end use segment is spectated to lead by the end of 2028?
5. Why region has the highest consumption of AIR BARRIER?

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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According to a recent industry analysis by Future Market Insights, the construction chemicals market is expected to be worth US$ 54.85 billion in 2022. (FMI). Over the projection period, demand is expected to increase at a CAGR of 6.7%.

Major players in the construction chemical industry are focusing on environmentally friendly and sustainable products for cool roof treatments, thermal insulation, overall building protection, polycarboxylate ether-based green admixtures, and underground structure protection.

Demand for construction chemicals is boosted by rising living standards and per capita disposable income. There is probably more residential and non-residential construction to accommodate the growing demand brought on by urbanization. However, government regulations forbid the excessive use of construction chemicals, as VOC emissions prevent the construction chemicals market for these materials from growing.

In order to emphasize multifunctional properties and significantly support unique materials with a variety of uses, the building chemicals industry is generating a wide range of solutions, such as small changes of conventional materials and the development of new material assemblages.

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Applications of construction chemicals are essential for maintenance tasks. The importance of maintaining, repairing, and enhancing existing structures, particularly for residential and infrastructural developments, is what drives demand for construction chemicals.

Numerous government initiatives to promote infrastructure development, together with the rising residential sector, have significantly supported the market expansion in the area over the predicted period.

Key Takeaways 

• The construction chemicals market is likely to have a CAGR of 7% during the forecast period.
• According to the application, the resident segment holds the largest share during the forecast period for the construction chemicals
• North America holds a significant share in the global construction chemicals
• Based on type, concrete admixture accounted for the 36% construction chemicals market share in 2021.
• During the forecast period, Asia Pacific is expected to dominate the construction chemicals market.
• The value of the construction chemicals market is expected to be US$ 104.92 billion by 2032.

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Competitive Landscape:

To meet changing consumer demand, manufacturers of construction chemicals prioritize increasing production capacity. Construction chemical market trends are predicted to be influenced by portfolio expansion and divestment plans over the anticipated time period.

To boost their market share in the construction chemicals industry, the leading companies in this space mostly employ acquisition and growth strategies.

The DOW Chemical Co., RPM International Inc, Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Pidilite Industries, Covestro AG, Henkel AG & Co. KGaA, HB Fuller Company, Lanxess AG, The 3M Company, Wacker Chemie AG, Huntsman Corporation, Momentive Performance Materials, Guangzhou Jointas Chemical Co. Ltd are some major key players in the construction chemicals market.

Construction Chemicals Market Key segments

By Product Type:

• Waterproofing Chemicals
• Protective Coating
• Concrete Admixture
• Adhesives & Sealants
• Asphalt Additives

By Application:

• Residential
• Commercial & Industrial
• Infrastructure

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Recent Developments

• In July 2021, Saint-Gobain and Chryso, a major player in the worldwide construction chemicals market, entered into a purchase agreement. The purchase of Chryso matches Saint-strategic Gobain’s ambition of being the global leader in sustainable construction. With combined sales of more than €3 billion across 66 countries, it further increased the Group’s footprint in the developing construction chemicals sector.
• With the debut of a distinct green product line in the category, JSW Cement, India’s top green cement business, entered the construction chemical market in June 2021. JSW Cement now has new chances to connect innovation in concrete mix products with ethical construction thanks to the Construction Chemical category. The business of the corporation grew as a result of this development.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global nutritional ingredients in animal feed market is expected to reach a market valuation of USD 93.2 Bn by the year 2022, accelerating with a CAGR of 7.1% by 2022-2032. According to the report, expansion of livestock feed industry and rising per capita meat consumption will stoke growth. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the animal feed nutrition market. Some of these are:

• The estimated value of the market was at USD 184.3 Bn in 2032. Through the course of the report’s forecast period, the market will exhibit a stable growth
• Regionally, North America emerged as a key market for animal feed nutrition
• Europe and Latin America will remain steady as key markets for animal feed nutrition
• In terms of ingredient, soybean meal is expected to holds the largest share in the market
• Key players are likely to focus on new microbial strains to improve immune function in animals to gain competitive edge in the market

“North America is likely to emerge as a lucrative market for nutritional ingredients in animal feed. The presence of highly aware consumers, in addition to their high per-capita income, supports the expansion of the market in North America,” said a lead analyst at FMI.

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Rising Demand for High Quality Meat Creates Opportunities for Expansion

Farmers are perpetually under the pressure of meeting the rising demand for high-quality meat and other animal products. Besides this, rising awareness and better access to information has rendered consumers highly conscientious. As a result the demand for improved quality and sustainability is at all-time high. In addition to this, an increasing number of consumers are likely to supplement diets with additives such as enzymes, amino acids, vitamins, probiotics, and organic acids. This will in turn create demand for animal feed nutrition.

Who is Winning?

Some of the leading players operating in the animal feed nutrition market are BASF SE, Ingredion Inc., Barentz, Altech Corp. and others.

As a result of increasing competition, manufacturers in the animal feed nutrition market are looking to offer one-stop solutions to their consumers. This is mainly because a majority of these companies want to vertically integrate their business lines to offset competition. In general the market witnesses considerable competition, especially with Chinese companies fighting to secure higher share in the global market.

Experts suggest that in order to gain competitive advantage, market players should focus on developing novel microbial strains and expanding their product portfolio.

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Get Valuable Insights into Animal Feed Nutrition Market

Future Market Insights, in its new report, presents an unbiased analysis of the global animal feed nutrition market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights into growth witnessed in the market. In terms of ingredient, the market can be segmented into wheat, corn, soybean meal and oats. Based on type, the market can be classified into minerals, amino acids, enzymes, vitamins, acidifiers, antibiotics, and antioxidants.

Frequently Asked Questions

• How big is the nutritional ingredients in animal feed market?
• What is the anticipated market value of the nutritional ingredients in animal feed market by 2032 end?
• What is the nutritional ingredients in animal feed market outlook?
• Which region is expected to drive the demand for the nutritional ingredients in animal feed market?
• Who are the key players operating in the market?

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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According to this report, the global corrosion protection polymer coating market will be valued at more than US$ 19.5 Bn by the end of 2022. Despite the slew of factors devaluing the production of these industrially-essential materials.

The demand for corrosion protection polymer coatings will incur steady growth, primarily due to its rising end-use in the oil & gas industry. Corrosion of metals and metallic surfaces remains to be a perpetual problem for industries across the globe.

Manufacturing and transportation of products in almost every industrial vertical has changed rapidly, registering a higher presence of chemicals factoring such corrosions. Companies continue to adopt innovative and effective corrosion control methods, wherein polymer coatings are an integral offering.

High resistance against chemical corrosion and abrasion continues to propel the demand for such corrosion protection polymer coatings, while their manufacturing, which involves hazardous materials & volatile emissions, creates grave concern for the environment.

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In the view of stringent regulations imposed by environmental protection agencies on manufacturing of such toxic products, the demand for corrosion protection polymer coating is less likely to witness high upturns in the future. A latest market study published by Future Market Insights anticipates that the global market for corrosion protection polymer coatings will soar at a steady CAGR of 5.1% during the forecast period, 2017-2022.

Additional insights from the report:

• In 2017, corrosion protection polymer coatings made of vinyl esters and flake-filled vinyl esters will contribute to less than 4% share on global revenues, albeit, their demand over the forecast period will grow vigorously
• Through 2022, the demand for epoxies is slated to decline, registering a sluggish revenue growth at a CAGR of 4.2%
• Between 2017 and 2022, powder-based corrosion protection polymer coatings are likely to create an incremental opportunity of a little over US$ 650 Mn
• During the forecast period, the global demand for corrosion protection polymer coating in waterborne form will rise at a robust pace
• Asia-Pacific excluding Japan (APEJ) region will be the largest market for corrosion protection polymer coating, and will be valued at US$ 7.1 Bn by 2022-end
• Throughout the forecast period, Europe’s corrosion protection polymer coating market is assessed to record a sluggish growth

Companies to Watch

The report also anticipates that companies, namely BASF Coating GmbH, Polycorp Limited, STEULER – KCH GmbH, Koch Knight LLC, Akzo Nobel NV, Axalta Coating Systems, Jotun A/S, Ashland Global Holdings, Inc., PPG Industries, Inc., and The Sherwin Williams Company will remain active in the global market for corrosion protection polymer coatings through 2022.

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Market Taxonomy

A concise taxonomy of the global corrosion protection polymer coating market has been summarized below:

Product Type

• Epoxy
• Polyurethane
• Alkyd
• Acrylic
• Fluoropolymer
• Vinyl Ester & Flake-filled Vinyl Ester

End Use

• Marine
• Oil and Gas
• Power Generation
• Construction
• Automotive
• Transportation
• Chemicals
• Mining & Metallurgy
• Others

Form Type

• Solvent-borne
• Waterborne
• Powder-based

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Corrosion Protection Polymer Coating Market: Upsurge in Oil & Gas End-use

The global oil & gas sector continues to attain stability in the times of highly-fluctuating oil prices. With respect to the changing landscape of this industry, companies are focusing towards prevention of industrial failures due to undue chemical corrosion.

From oilfield pipelines to refiners, all key industrial surfaces in the oil & gas sector are likely to be coated with corrosion protective polymers. In the future as well, the demand for corrosion protection polymer coatings in oil & gas sector is anticipated to increase.

While their contribution to the global market value of corrosion protection polymer coatings will be moderate, oil & gas companies will be observed as fast-grossing end-user during the forecast period. Towards the end of 2022, corrosion protection polymer coatings worth nearly US$ 3 Bn are anticipated to be used by oil & gas companies around the world.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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A new market research study by Future Market Insights (FMI) on the global geosynthetics market contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report investigates the geosynthetics market and provides critical insights for the forecast period of 2022-2029.

The global geosynthetics market recorded the revenues worth US$ 13.67 Bn in 2022 and is estimated to grow at a CAGR of 10.1% in the projected period of 2022 – 2029. The report opines that the market growth is significantly driven by increasing investments in public infrastructure development and modernization of existing facilities across the globe.

As per the findings of the report, the global industrial geosynthetics market is anticipated to experience substantial growth over the forecast period owing to growth in civil construction activities led by several developing economies in the past few years.

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APEJ’s Market Attractiveness Intact, Says FMI’s Report

Geosynthetic materials are witnessing increased usage in solid waste management for landfill applications. These materials are used for separating and confining bulk waste. Countries such as China and India, are emphasizing on effective waste treatment practices, which is likely to lead to an increase in demand for geosynthetics in the near future. 

Moreover, owing to the high transport infrastructural development activities in the region, geosynthetic products are estimated to witness significant deployment in road construction. The road construction application segment is estimated to remain dominant in terms of geosynthetic material demand.

Key Companies Profiled

• AGRU Kunststofftechnik GmbH
• Low & Bonar PLC
• Tensar Corporation
• Raven Industries, Inc.
• Thrace Group
• GSE Environmental Inc.
• Officine Maccaferri S.p.A.
• Koninklijke Ten Cate B.V.
• HUESKER Synthetic GmbH
• Solmax International Inc.
• Geofabrics Australasia Pty. Ltd.
• Garware-Wall Ropes Ltd.
• Cooley Group
• NAUE GmbH & Co. KG
• Advanced Drainage Systems, Inc.
• Propex Operating Company, LLC,
• Taian Modern Plastic Co

Product Portfolio Enhancements & Technological Innovations

Several players are emphasizing on improving their product portfolios by introducing new products with better quality and gauge variations. Manufacturers are primarily targeting high development areas and producing application-specific products in order to gain higher market shares.

In February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi® TM13C and TM14S, to solve erosion problems on steep slopes and in channels. These materials retain bare soil and stabilize and nurture vegetation while resisting the challenges of precipitation and high-flow rates on soils.

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Geosynthetics Market by Category

Product Type:

• Geotextile
• Geomembrane
• Geogrid
• Geonet
• Geocomposite
• Geosynthetic clay liner
• Others

Material Type :

• Polyethylene (HDPE/LLDPE)
• Polypropylene (PP)
• Polyester
• Natural fibers
• Others

Primary Application:

• Separation
• Drainage & filtration
• Reinforcement
• Containment

End-use :

• Roads (paved & unpaved)
• Railways
• Retaining walls
• Waterworks and waste treatments
• Landfill & erosion control
• Others

Use of Different Materials to Enhance Strength and Durability

Involvement of a large number of local and global players in the geosynthetic market has compelled manufacturers to offer innovative products, in order to generate significant demand. Many companies are dedicating a huge amount of money for the research and development of new products and to increase the properties of existing ones.

Companies are continuously experimenting with geosynthetics in order to provide products with enhanced mechanical properties and high reliability. As polypropylene is extensively used for the manufacturing of geotextiles, it is a relatively large segment among all types, and is expected to witness significant growth during the forecast period.

Other geosynthetic products such as geocell, geofoam, geo-pipes, etc., have limited and specific uses. However, the segment has witnessed significant demand during the last five years.

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Use of metallocene polypropylenes: In 2015, a reputed conglomerate launched a metallocene PP-based non-woven geotextile. This geotextile is premium in terms of mechanical properties and performance. The use of metallocene PP offers relatively lightweight geotextiles and increased production.

Competitive analysis of the global geosynthetics market reveals that among the several active participants in the competitive landscape of geosynthetics market, the tier 1 players tend to hold a relatively lower share, which has been attributed to high competition from a large number of local players operating at low profit margins and have better accessibility within regional markets. Some of the leading companies are also observed to be operating through their sales offices, or collaborating with regional manufacturers.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Account for over three-fourth revenue share of the market, re-roofing end market segment is expected to dominate the global asphalt shingles market during 2017 to 2022. However, this end-market segment is projected to register a low CAGR through 2022.

On the other hand, sales of asphalt shingles in new construction end-market segment are expected to register a relatively higher CAGR through 2022. A latest report by Future Market Insights (FMI) has projected the global market to register a low-single digit CAGR throughout the forecast period 2017 to 2022.

However, the market is anticipated to experience a sustained expansion on the back of increasing re-roofing and new construction activities resulting from extreme weather conditions. Global sales of asphalt shingles are expected to reach nearly US$ 10,000 Mn in revenues by 2022-end.

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Extreme Weather Conditions Owing to Global Warming to Fuel Adoption of Asphalt Shingles

Global warming is now being called as climate change, and has been affecting subtropical regions to experience extreme cold weathers and even witness snowfall at times during winters. As some of these regions fall under developing or underdeveloped economies, cost of roofing activities becomes a major concern for the population thriving here.

A wide variety of roofing materials are available across the globe based on performance, structural, economic, and aesthetic requirements. These include cedar shake, slate, clay tiles and metal. However, asphalt shingles provide enough aesthetic appeal, along with adequate protection at just a small fraction of the amount invested for other roofing materials.

Moreover, asphalt shingles are cost-effective and are able to easily get replaced when damaged. Demand for asphalt shingles will therefore gain traction, with spending on residential building construction expected to witness a surge in the near future.

Fiberglass to Remain Most Attractive Composition of Asphalt Shingles

Fiberglass and organic are two composition types of asphalt shingles available in the global market. While organic asphalt shingles are comparatively more durable than fiberglass, they are more flammable, therefore highly prone to fire. In addition, they are less eco-friendly owing to relatively higher asphalt content.

Fiberglass shingles provide excellent fire resistance, making them to gradually replace the organic shingles for roofing activities. Fiberglass is expected to remain the most attractive composition of asphalt shingles, with sales estimated to account for approximately US$ 8,000 Mn by 2022-end.

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Laminates to Remain Sought-After among Products in the Market

Laminates asphalt shingles are expected to remain sought-after among products in the market, and their sales are projected to hold over half revenue share of the market. High demand for laminates asphalt shingles can be highly attributed to increased attraction towards roofing materials with high wind resistance, impact resistance, and protection from degradation owing to exposure to elements.

In addition, sales of strip asphalt shingles are expected to exhibit the highest CAGR in the market through 2022, based on product type. Although North America is anticipated to remain the largest market for asphalt shingles, Asia-Pacific excluding Japan (APEJ) is projected to register a relatively faster expansion through 2022. Middle East & Africa (MEA) and Japan are expected to remain the least lucrative markets for asphalt shingles over the forecast period.

Manufacturers Shifting Focus toward Enhancing their Brand Reputation

Leading manufacturers of asphalt shingles are focusing their shift toward enhancing their brand reputation by offering wide range of products, and higher quality standards as compared to other competitors in the market. Key players in the market are adopting business strategies to come up with advanced & sophisticated product development techniques.

They are also concentrating on development of an established manufacturing process, and in-depth understanding of market and customers. Key market players listed in FMI’s report Include Atlas Roofing Corporation, Polyglass U.S.A., Inc., Tarco, Inc., TAMKO Building Products, Inc., Siplast, Inc., IKO Industries, Ltd., Malarkey Roofing Products, Henry Company LLC, Certain Teed Corporation, and Owens Corning.

Product Type

• Heavy Laminates
• Laminates
• Strip

Composition

• Fiberglass Asphalt Shingles
• Organic Asphalt Shingles

End Market

• New Construction
• Re-roofing

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Market Taxonomy

The report also includes chapters comprising a segmentation-wise forecast and analysis on the global asphalt shingles market. The global market for asphalt shingles is segmented based on product, end market, composition, and region.

Along with the segmentation analysis offered, the report also renders country-specific analysis & forecast, and the cross-sectional data concerning the market. The details regarding taxonomy of the global asphalt shingles market have been portrayed in the table below.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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