Nordic Beverage Packaging Market Outlook To Reach $2.6 Billion By 2025

Industry Insights

Beverage packaging in the Nordic region is used in applications such as alcoholic and non-alcoholic beverages. Beverage manufacturers count on packaging solutions that aid in preventing leakage, chemical deterioration, and alteration in flavor of the products. Packaging also plays an important role in improving shelf appeal.

A few major players in the market have been undertaking acquisition of small and medium sized companies as their key growth strategy. The demand for non-alcoholic products in the region has been increasing consistently over the past few years. Spiraling demand for soft drinks has been positively impacting the overall demand for non-alcoholic beverages. Furthermore, increasing consumption of vegetable and fruit juices is supplementing the growth of the market in the region.

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Product Insights

PET bottles have been extensively used in Nordic countries for bottling beverages such as fresh milk, fresh juices, cold brew coffee, and other cold drinks. They are preferred to increase the shelf appeal of end products. Another important factor that has led to increased use of PET bottles is recyclability. PET bottles are 100% recyclable and offer cost-saving benefits to their manufacturers.

Cartons that are ideal for packaging of beverages such as milk, soy products, and vegetable & fruit juices are expected to witness surge in demand over the coming years. They are considered to be environment-friendly in the region as they are recyclable and can be manufactured through various energy efficient processes.

Material InsightsThe regional industry has witnessed an increased production of bio-based carton boxes in the recent past. These cartons are being delivered to a large number of international beverage brands in the region and internationally. Additional sustainable developments in recent past, including production of bioplastics from wood-based resources, has also been a major contributing factor to the growth of the overall market in the region.

Application Insights

In 2017, the non-alcoholic beverages segment dominated the overall market, accounting for a share of approximately 53.0% in the overall revenue. Non-alcoholic beverages include milk, soft drinks, coffee, tea, soda, smoothies, mocktails, juices, and shakes.Rising health awareness and conscious effort to reduce consumption of alcoholic drinks has driven demand for packaging solutions in this segment.

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Regional Insights

Iceland is expected to be the fastest-growing market and is projected to expand at a CAGR of 3.85% during the forecast period. This can be attributed to increasing demand for both alcoholic and non-alcoholic beverages across the country.

Report Scope

Attribute	Details
Base year for estimation	2017
Actual estimates/Historical data	2014 - 2016
Forecast period	2018 - 2025
Market representation	Revenue in USD Million & CAGR from 2018 to 2025
Report coverage	Revenue forecast, company share, competitive landscape, growth factors and trends
Country Scope	Norway, Sweden, Denmark, Finland, Iceland
15% free customization scope (equivalent to 5 analyst working days)	If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Carbon Capture & Storage Market Growth, Share | Global Industry Report 2025

Industry Insights

The rising energy demand globally has led to the increasing uses of fossil fuels, the major source of carbon emission. Though many alternate technologies such as wind, solar and nuclear are now in practical use or under development, CCS is the most viable technology currently available to mitigate greenhouse gas emissions from large scale fossil fuel usage.

Currently, over 22 CCS projects are in operation globally and another 14 planned projects are expected to be functional in the next few years. However, the global CCS industry is still at its nascent stage in comparison to the amount of carbon dioxide emitted yearly. Some of the factors such as inconsistent government regulations and economic slowdown in the past few years especially in Europe and China are the main factors responsible for the slow growth of the market.

The current regulatory frame work is not designed prominently to address some of the special issues that arise in the CCS industry such as cautious monitoring & long-term stewardship and the need for thorough site characterization. A robust legal and regulatory framework is necessary, as the deployment of this technology is likely to involve various parties in the process of capture, transport, sequestration and storage.

               U.S. CCS market revenue by capture technology, 2014 - 2025 (USD Million)

                         

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Technology Insights

Advantage of using this capture technology under pressure is that it incurs less of an energy penalty, i.e., approximately 20% than current PCC technology (approx.30%) at 90% CO2 capture. On account of these factors pre-combustion capture technology is expected to dominate the capture type sector in the near future.

The post-combustion capture technology is anticipated to grow at the highest CAGR of 15.6% from 2016 to 2025. Increased energy generation, newly developed advanced amine systems and heat integration systems are expected to be the main factors driving its demand over the forecast period.

Application Insights

Volatile crude oil prices are also anticipated to drive market penetration in EOR applications in the near future. The increasing need to extract oil & gas from low permeability and unconventional reserves including carbonate traps and tight sands is expected to positively influence the global EOR process demand.

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Regional Insights

Around 14 projects are currently operational in the region with majority of operations centered in the U.S. Some of the prominent projects include Shute Creek Gas processing facility, Air Products Steam Reformer EOR Project in Quest, and the Illinois Industrial CCS project.

Asia Pacific is estimated to grow at the highest CAGR of 16.4% from 2016 to 2024. The emerging economies in the region such as China and India along with countries such as Japan, Indonesia and Malaysia are focusing on cleaner environment owing to rapid industrialization in the region, thereby, leading to increased carbon emissions.

CCS Report Scope

Attribute	Details
Base year for estimation	2015
Actual estimates/Historic data	2013 - 2015
Forecast period	2016 - 2024
Market representation	Revenue in USD Million & CAGR from 2016 to 2024
Regional scope	North America, Europe, Asia Pacific, Latin America & MEA
Country scope	U.S., Canada, UK, Germany, Japan, China, Brazil, Mexico, South Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors and trends
15% free customization scope (equivalent to 5 analyst working days)	If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Fiberglass Fabric Market Size To Reach $14.93 Billion By 2025

Industry Insights

Fiberglass fabrics possess superior properties such as perfect electrical resistance and electric insulation, which enables its use as a prime reinforcement material in high-pressure laminates for printed circuit boards (PCBs). These PCBs are majorly used in computers, modems, consumer electronics, automotive, and telecommunication products, thereby stirring up the demand for fiberglass fabrics in application industries.

                  

Glass fiber, a primary raw material is sourced from a limited number of suppliers or a sole supplier to maintain consistency in quality of fabrics. Growing demand for lightweight fiberglass with higher strength is leading manufacturers to constantly innovate, maintain standards for their products, and integrate across the supply chain to retain their customers.

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Product Insights

S-glass is projected to exhibit a CAGR of 6.4% in terms of revenue over the forecast period on account of its improved properties at elevated temperature as compared to E-glass fabrics. S-glass offers around 40.0% higher tensile and comprehensive strength, flexural modulus, and higher abrasion resistance as compared to E-glass, thereby escalating the demand for the product type in application industries.

Glass fibers such as C-glass, A-glass, D-glass and M-glass are also used in manufacturing of fiberglass fabrics, apart from S-glass and E-glass. These fibers are used in very specific applications where characteristics such as high chemical durability, high alkali resistance, low dielectric constant or high modulus is required.

Fabric Type Insights

Nonwoven fiberglass fabric is a soft and durable nonwoven cloth that possess high tear strength and is majorly used in construction applications such as wall covering and ceiling for prevention of cracks. It offers natural ventilation, high tensile strength, and is chemically inert and non-toxic. As a result, the demand for the fabric type is strong in the construction industry.

Nonwoven fiberglass material is a durable cloth offering several mechanical advantages over woven ones such as increased impact resistance and thermal insulation. Furthermore, these fabrics are highly effective in filtering various liquids and have a life 10 to 15 times longer than those made of metal and cotton. Their demand is projected to rise at a noteworthy rate during the forecast period.

Application Insights

The wind energy sector is likely to post a CAGR of 7.3% in terms of value over the projected period, on account of production of longer blades through mass reduction, leading to increased energy output. Growing focus on renewable energy generation is also escalating the demand for fiberglass fabrics in the sector.

Multiaxial fabrics are majorly used in the aerospace & defense sector on account of its flexibility and ability to handle extreme pressure without undergoing wear & tear. Lightweight fiberglass fibers provide structural integrity, high strength, and ballistic, environmental and thermal protection, which is poised to augment their demand in aerospace & defense applications over the forecast period.

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Regional Insights

Europe accounted for just over 25.0% of the global revenue in the same year owing to availability of raw materials, manufacturing facilities, and presence of major application industry players. Developed economies in the region including Germany, U.K., and France accounted for major revenue share owing to high penetration of the product in the construction and aerospace industries.

Report Scope

Attribute	Details
Base year for estimation	2017
Actual estimates/Historical data	2014 - 2016
Forecast period	2018 - 2025
Market representation	Volume in million square meters, revenue in USD million and CAGR from 2017 to 2025
Regional scope	North America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Country scope	U.S., Canada, Mexico, U.K., Germany, France, Russia, China, India, Japan, Australia, South Korea, Brazil, Argentina, South Africa
Report coverage	Revenue forecast, competitive landscape, growth factors and trends
15% free customization scope (equivalent to 5 analysts working days)	If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Building and Construction Plastic Market Growth Analysis | Global Industry Report 2025

The global market for plastics is expected to grow significantly on account of its usage in building and construction application. The unique properties possessed by plastics such as active however lightweight, easy transportation, durable, scratch resistant, non-corrosive, removable & recyclable and the price stability it provides, makes plastics the most suitable substance for usage in the construction & building industry.

The conventional plastics used in the construction segment consist of acrylic, composites, expanded polystyrene, polycarbonate, polyethylene, polypropylene and polyvinyl chloride. Products made from plastics are extensively applied in the construction and building activities; consist of pipes, cables, floorings, domes, roofing, windows & doors, storage tanks, hardware accessories, temporary structures and insulation materials. The use of plastics in the building and construction sector accounts for the second largest application segment of plastics. The primary factor of employing plastics in construction and building is the cheap production rate it possesses and the healthy lifespan of the material and the resulting structure created using plastics as a material. The concept of the passive house which includes a house that is built to achieve total insulation from the surrounding climate and provides a pleasant environment inside the house. The concept of full insulation would work only if plastics are used for construction to make it viable and to continue the ease of maintenance throughout the stay. With emerging up gradations in the building and construction industry, the demand for plastic is expected to increase as a result of which the global plastic industry is projected to rise in near future.

                

The global industry for construction and building plastics can be segmented by the product as polystyrene, acrylic, polyvinyl chloride, thermoplastic elastomers, composite materials and polyurethanes. Out of the products, polyvinyl chloride is expected to grow shortly on account of its properties of being light in weight, resistance to abrasion and durability. The plastics market can be segmented by application as packaging, building & construction, automotive, electronics and other applications. The largest portion of plastic in the application is packaging followed by building & construction. The building & construction sector is growing rapidly and is also expected to increase significantly shortly on account of the increasing infrastructure growth and the growth in the demand for high-performance materials in the growing economies. The global market for construction and building plastics can also be segmented by products as pipes & ducts, insulation, door fittings and other products like roofing, waterproofing, cladding, etc. Pipes & Ducts are expected to dominate the market shortly.

The market for plastics is expected to grow in the North America region on account of the increasing construction activities in that region owing to the growing number of houses being built in that area. The U.S. is anticipated to fuel the North American plastics market for building & construction due to the rapid industrial growth in that region and also on account of the emergence of a vast number of players in that area. Asia Pacific is expected to be the fastest-growing region during the forecast period on account of the rapid growth of the overall housing and construction sector in that region owing to high population levels coupled with the rising disposable income in that area. The European Union is expected to witness a slow growth on account of the economic recession in that region. The result of this recession has led to decreasing construction activities and resulted in an industry downfall. However, countries such as Germany have figured out ways to recycle their waste materials and thus reuse their building materials waste products abiding by the strict laws in the country and all other pollution norms. The market for building & construction plastics in Germany is thus expected to drive growth that is expected from the European region in the forecast period.

Some key players include BASF SE, Arkema SA, DuPont, Borealis AG, Solvay SA, PetroChina Ltd. and The Dow Chemical Company. These companies provide a platform for the market and enable an aggressive type of structure to the building & construction plastics industry.

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Home Textiles Market Growth Analysis | Global Industry Report 2025

Industry Insights 

North America was the largest regional market in 2018 and is expected to maintain the dominance over the forecast period. Countries, such as U.S., U.K., Germany, India, and China, witnessed an increased demand for home textiles due to rise in disposable income and rapid urbanization. In U.S., average expenditure on household textile was USD 115 in 2017. Moreover, increased number of retail outlets and online portals are contributing to the market growth.

Major market participants are investing more into R&D to fulfill the changing consumer demands and increase their product portfolio. Innovations, such as wood curtains and dyed fiber for UV protection, are also driving the global market. Key companies in this market include Welspun Group, Springs Global, New Sega Home Textiles, Ralph Lauren Corporation, Shenzhen Fuanna, Trident Group, Marvic Textiles, Shanghai Hometex, Honsun Home Textile Co. Ltd., and Hunan Mendale Hometextile Company Ltd.

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Product Insights

The bathroom linen segment is expected to register the fastest CAGR of 5.02% over forecast period. Constant innovations in this segment is expected to boost the demand for bathroom linen products. For instance, Welspun India has invested in special kind of material used in manufacturing of towels so that it could regulate temperature of the product and make it softer after each use.

Distribution Channel Insights

Retail outlets was the leading distribution channel in 2018 and accounted for 65.43% of the overall share. In retail outlets, consumers can examine the product before buying, which significantly influences consumer decision. Moreover, these outlets provide assistance of store associates to help choose the right product. These factors supported the segment growth.

Regional Insights

North America contributed to the largest market share of about 43.15% in 2018. Countries, such as U.S., drive the regional market due to increased demand for home textiles as a result of high standards of living and purchasing power. Moreover, growing number of sellers and manufacturers in this region has led to an increased variety and easy availability of luxury home textile products.

Thus, constant innovations in the field will boost the regional growth further. For instance, New Saga Home Textile, came up with bed-in-a-bag concept. Asia Pacific is one of the largest exporters of these products and is also projected to be the fastest-growing market due to rising consumer disposable income levels and growth in real estate sector in the region.

Report Scope

Attribute	Details
Base year for estimation	2018
Actual estimates/Historical data	2015 - 2017
Forecast period	2019 - 2025
Market representation	Revenue in USD Billion and CAGR from 2019 to 2025
Regional scope	North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa
Country scope	U.S., U.K., Germany, China, and India
Report coverage	Revenue forecast, company share, competitive landscape, growth factors and trends
15% free customization scope (equivalent to 5 analysts working days)	If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Polyphenylene Sulfide Market Size, Trends, Growth, Share, Opportunities and Forecast by 2025

Industry Insights

Polyphenylene sulfide is a crystalline polymer, whose high chemical resistance and temperature performance among other properties are projected to fuel the demand over the next few years.

Polyphenylene sulfide finds application in aerospace and defense. PPS composites have been used for making rudders and elevation in the Gulfstream G650 business jet in the past. They are projected to find greater use in airplane manufacturing with the increasing use of composites for manufacturing airplanes such as the Airbus A380 and Boeing 787 Dreamliner, which use up to 50% of composites in the primary structure including fuselage and wing.

PPS market size is anticipated to witness significant growth over the next eight years owing to increasing demand from various sectors including automotive, electronics, industrial, and aerospace. Rising consumption of the compound in high-temperature applications owing to superior performance and mechanical characteristics is projected to drive the market over the next few years.

Increasing use in various automotive parts such as engine components, switches, transmission components, pistons, and coolant systems will fuel industry growth. Increasing automotive manufacturing especially in China, Indonesia, Mexico, U.S., Germany, South Korea, Japan, Taiwan, and Malaysia will promote market expansion in the upcoming years.

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Application Insights

Coatings are used to protect ferrous parts in chemical and construction industries from corrosion. Polyphenylene sulfide coatings can be applied using methods such as slurry coating, electrostatic coating on cold or hot surfaces, powder flocking, or fluidized bed coating. However, these techniques require subsequent oven curing, leading to the coatings being exposed to temperatures in the range of 300 °C to 3700 °C. This process limits the use of PPS coatings on large surfaces since they cannot be accommodated in the oven.

Regional Insights

Robust manufacturing base of automotive vehicles in U.S. is projected to exhibit a positive influence on the polyphenylene sulfide industry in near future. Growing demand for the product from the U.S. aerospace industry owing to the surge in commercial flying is likely to further boost this growth. Accelerated replacement of obsolete aircraft with next-generation, fuel-efficient aircraft is further expected to spur the commercial aerospace sector in the country.

Automotive industry is one of the significant sectors in Germany and produces more than 6 million vehicles including passenger and commercial vehicles every year. Germany is one of the leading manufacturers of passenger vehicles among the European Union countries. The country’s automotive market accounts for over 29% of the total automobile industry share in Europe. Growing automotive industry in Germany is likely to promote growth of PPS market in the future.

Report Scope

Attribute	Details
Base year for estimation	2018
Actual estimates/Historical data	2014 - 2017
Forecast period	2019 - 2025
Market representation	Volume in Tons, Revenue in USD Million & CAGR from 2019 to 2025
Regional scope	North America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors and trends
Country Scope	U.S., Germany, Japan, China, Brazil
15% free customization scope (equivalent to 5 analyst working days)	If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Coal Bed Methane (CBM) Market Worth USD 17.31 Billion | Global Coal Bed Methane (CBM) Industry Report 2020

Industry Insights

Natural gas is one of the fastest growing energy forms and has been gaining market share significantly in the global energy basket. Due to its cleaner existence, natural gas has been rapidly catching up to crude oil as a fuel alternative, with the latter not feasible for producing clean energy. Natural gas is slowly evolving as the primary global fuel with increasing penetration in transportation and domestic application markets.

By 2040, natural gas is expected to be on par with crude oil in the global energy landscape. However, depleting conventional natural gas reserves raise questions on its sustainable status, due to which there is an increased focus towards the use of unconventional gas sources such as CBM, shale gas, and tight gas.

Application insights

Power generation emerged as the leading application market for tight gas and accounted for 35.3% of total CBM produced globally in 2013. Power generation along with being the largest market is also expected to be the fastest growing application markets for CBM at an estimated CAGR of 8.5% from 2014 to 2020.

The increase power generation market share can be attributed to the fact that other applications, such as residential and commercial usage, are expected to decrease in share by 2020. Power generation from CBM is cheaper and hence preferred in developed as well as developing countries. The power generation process converts methane from coal mines into carbon dioxide and water and reduces greenhouse gases significantly. To earn carbon credits, developing countries are now shifting focus towards CBM for power generation. Companies such as Essar Oil and Caterpillar are investing in large CBM projects for power generation.
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Regional insights

U.S. dominated CBM production, accounting for 61.8% of total CBM produced globally in 2013. Canada followed U.S. in the global market and accounted for 11.5% of total production in 2013. The growth of North American market is primarily driven by the growing demand for sustainable fuel in the country and to reduce reliance on conventional sources of natural gas. However, Asia Pacific on account of growing drilling activities mainly in coal-rich countries such as China, India, Indonesia and Australia is expected to be the fastest growing CBM market at an estimated CAGR of 14.9% from 2014 to 2020.

Report Scope

Attribute	Details
Base year for estimation	2014
Actual estimates/Historical data	2012-2014
Forecast period	2014- 2020
Market representation	Revenue in USD million and CAGR from 2014 to 2020
Regional scope	North America, Europe, Asia Pacific,
Country Scope	U.S., Canada, Russia, China, India, Indonesai, Australia
Report coverage	Revenue forecast, company share, competitive landscape, and growth factors and trends
15% free customization scope (equivalent to 5 analysts working days)	If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Geotextile Market Growth Analysis | Global Industry Report 2025

Industry Insights

The global geotextile market size was valued at USD 4.1 billion in 2018 and is estimated to expand at a CAGR of 12.0% by 2025 owing to increasing demand in drainage and erosion prevention applications.

Geotextiles are typically used to improve soils over which streets, pipelines, embankments, and earth holding structures are constructed. They consist of numerous materials including warp-knitted, open-mesh, and non-woven or closed fabric textiles. Primary functions of the product include filtration, separation, reinforcement, protection, and drainage. Geotextiles have filtration property that enables to separate water and other fluids from different solid particles. This filtration function is majorly used for drainage applications.

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Product Insights

In terms of volume, the woven product segment stood at 1,604.6 million square meters in 2018 and anticipate to witness moderate growth over the forecast period. Woven geotextile products are witnessing increasing demand in erosion prevention applications on account of their favorable characteristics including excellent filtration properties and high tensile strength, which is expected to drive the market over the forecast period.

Material Insights

Synthetic fibers are usually made up of polyester, polypropylene,polyamide, and polyethylene. In terms of volume, polypropylene dominated the market, accounting for a share of 56.3% in 2018 and is anticipated to hold the largest market share over the forecast period. Polyethylene has availability and offers longer life span, which makes them suitable for road construction applications.

Polyester was the second-highest revenue generating segment of the industry, accounting for 24.8% share of the overall revenue in 2018. Polyester and Polyethylene anticipated to witness moderate growth over the forecast period.

Application Insights

In 2018, erosion prevention was the second largest application segment in terms of volume. Erosion brought about by natural catastrophes, such as tidal waves and floods, or because of intrusion of water on waterfronts and extreme rainfall is representing a gigantic risk all around. Geotextiles support in holding down the soil and advance vegetation growth. Utilization of these products assumes a noteworthy job in erosion prevention and helps to relieve soil erosion.

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Utilization of these products in drainage applications is anticipated to grow at a moderate rate over the forecast period. Geotextiles utilized for wastes act as a porous separating agent that enables water to pass into drainage. These fabrics additionally help to anticipate obstructing of the drainage system by different materials and dirt particles from water.

Regional Insights

New infrastructural advancements in numerous developing countries in Central and South America including usage of Growth Acceleration Program (PAC) by the Government of Brazil to pull ininvestments is estimated to fuel the industry growth. Subsequently, around 12,000 infrastructural projects have been going on in Brazil, which will fuel the demand for geotextile for use in filtration system, drainage, and soil fortification. On-going ventures identified with scene rebuilding in developed countries, including Japan and U.S., are expected to increase utilization of geotextiles over the forecast period.

Report Scope

Attribute	Details
Base year for estimation	2018
Actual/Historical data	2015 - 2017
Forecast period	2019 - 2025
Market representation	Revenue in USD Million, and CAGR from 2019 to 2025
Regional scope	North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa
Country scope	U.S., U.K., Germany, China, India, Japan, Brazil, and UAE
Report coverage	Revenue forecast, competitive landscape, growth factors, and trends
15% free customization scope (equivalent to 5 analyst working days)	If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Wood And Laminate Flooring Market Growth, Share | Global Industry Report 2020

Industry Insights

Wood & laminate flooring is available in a wide range of colors & designs, thereby enhancing the aesthetics of interiors in which they are installed. The advent of 21st century has witnessed a radical phase change from specialty goods to imposed home centric goods thereby triggering an upsurge in the wood & laminate flooring market. Ease of installation and relatively lesser skilled labor required for installation as compared to other alternative flooring materials are factors that have favorably impacted the wood & laminate market growth. Wood & laminate floorings are also durable, & easy to lay and fix together and are thereby preferred by the customers willing to install the floor themselves.

Wood & laminate flooring is designed with natural wood as its component, thereby offering a high degree of versatility. The flooring is also highly stain resistant and needs very little routine maintenance. Increasing concern over environmental impact has considerably affected the wood & laminate flooring market. Increase in commercial & consumer preferences coupled with rising investments in infrastructure are the factors expected to favorably impact the wood & laminate flooring market growth.

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Product Insights

The varied types of wood flooring include engineered flooring, deck flooring and solid wood flooring. Engineered hardwood flooring is genuine wood flooring which is less vulnerable to extension and shrinks with humidity and temperatures. Deck flooring belongs to an elite segment of flooring on account of its sophisticated and enhanced features of reliability, abrasion resistance, and dimensional accuracy. White oak and red oak floorings have retained their secure legacy over decades due to their dynamic applicability and extreme durability. The solid wood flooring segment offers varied beautiful designs and varieties including maple, cork, bamboo, and walnuts. Laminate floorings have garnered importance owing to high usage in Leadership in Energy & Environmental Design (LEED) residential and commercial applications. On account of their capability to sustain high traffic, laminate flooring have been increasingly used in commercial applications.

Application Insights

Key wood & laminate flooring application areas include residential, commercial, and industrial. ‘Green Image’ artifacts are anticipated to derive the demand in wood and laminated flooring market. Drastic environmental conditions at some regions necessitate installation of wooden flooring as they remain candid to dynamic environments. Enrichments of proficiency such as texturing and embossed registration are posing regulars, a cost-efficient approach of accomplishing the looks of hardwood, ceramics and tiles. The replacement segment and residential remodeling is anticipated to account for significant market share over the forecast period as older or worn-out carpeting is being replaced with hard surface flooring, such as wood or laminates, to create more aesthetically pleasing interiors. High demand for ancillary supplies such as ceramic tiles, vinyl, and carpet which act as replacements to wood may pose a challenge to market growth.

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Regional Insights

In terms of revenue, Asia Pacific is expected to hold a considerable share over the forecast period owing to the infrastructure development and urbanization. Growing construction undertakings in the BRIC (Brazil, Russia, India, China) countries is foreseen to open the dynamic prospects in the market over the next seven years. As societal standard of living gets enriched, wood & laminate flooring is expected to occupy an increased share of the global flooring industry. Technological advancements and development of varied anti-slip & bacteria resistant flooring solutions being used in the healthcare sector have favorably impacted wood & laminate flooring market growth, particularly in the U.S. Wood & laminate flooring emits a considerable amount of formaldehyde; however these emissions have been reduced by a substantial degree due to mandatory and national voluntary formaldehyde emission standards such as the American National Standards Institute (ANSI) and formaldehyde emission standards in California (the CARB standards).

Smart Polymers Market Size & Trends, Industry Analysis Report, 2025

Industry Insights

The global smart polymers market size was USD 2.79 billion in 2015 and is likely to witness a double digit growth over the forecast period. The industry is expected to fore see robust growth over the next eight years on account of significantly increasing demand for environment adaptable materials in major applications including biomedical & biotechnology, textile, automotive, electrical & electronics, and nuclear energy.

Smart polymers are also known as intelligent materials or stimuli-responsive products. These products are characterized by unique performance aspects such as good responsiveness to macro as well as micro level changes in the surroundings. Not only do these intelligent materials respond to various stimuli such as temperature, pH, and light, but they are also resilient which gives them the ability to return to their initial physical or chemical state.

Germany smart polymers market, by stimuli type, 2014 - 2025, (USD Million)

Biocompatibility, stability, and flexibility are some of the other attributes exhibited by stimuli-sensitive materials. Owing to the outstanding performance aspects of this product, its application scope is likely to expand over the years ahead, covering other industrial sectors such as oil recovery, mining, pharmaceutical, and printing.

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www.grandviewresearch.com/industry-analysis/smart-polymers-marketStimulus Type InsightsSmart materials are categorized on the basis of their response to various external stimuli. These materials respond to a wide range of stimuli such as temperature, pH, infrared and UV radiations, ultrasound, biological enzymes, electric potential, and magnetic field. Physical, chemical and biological stimuli-responsive polymers are the major segments of these intelligent materials.

Physical stimuli-responsive products constituted the largest share of 47.6% in 2015. These materials are highly sensitive towards surrounding changes in temperature, UV radiations, ultrasound, electric potential, and magnetic field. Demand for this stimulus category is likely to upsurge, due to the requirement of intelligent materials exhibiting low critical solution temperatures, especially in specialized biomedical & biotechnology areas.

Application InsightsTextiles application is one of the primary users of stimuli responsive polymers. This sector accounted for 17.9% of the revenue share in 2015 and is expected to influence the market demand in the near future positively. Physical and chemical stimuli-responsive products are favorably used in textile processing.

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www.grandviewresearch.com/industry-analysis/smart-polymers-marketRegional InsightsNorth America was the dominant region accounting for 41.6% of the total consumption in 2015. This trend is likely to continue over the forecast period on account of significant leverage of key end-application sectors such as biomedical & biotechnology, textile, automotive, and electrical industries.

Rising healthcare activities coupled with substantial requirements from the military sector for processing of light sensitive and camouflage fabrics are some of the key growth supporters of stimuli-responsive materials in North America. A similar scenario will be reflected in Europe especially in Germany, France, and other countries in Western Europe.

Report Scope

Attribute	Details
Base year for estimation	2015
Actual estimates/Historic data	2014 - 2015
Forecast period	2016 - 2025
Market representation	Volume in Tons, Revenue in USD Million & CAGR from 2016 to 2025
Regional scope	North America, Europe, Asia Pacific, Rest of the World (RoW)
Country scope	U.S., UK, Germany, France, Japan, China, India
Report coverage	Volume & revenue forecast, company ranking, competitive landscape, growth factors and trends
15% free customization scope(equivalent to 5 analyst working days)	If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization