Market Research News

Wednesday 18 July 2018

Industrial Robotics Market Likely To Reach A Valuation Of Around USD 41.23 billion by 2020 : Grand view Research, Inc.

The global industrial robotics market size is anticipated to reach USD 41.23 billion by 2020, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% during the forecast period. Rapid expansion of the automotive industry worldwide and growing adoption of robotics in the non-automotive industry including food & beverage, chemicals, rubber & plastics, and electronics/electrical are stoking the growth of the market.

Companies implementing industrial robots are increasingly realizing substantial financial benefits, which is leading to a surge in installation of robots in contemporary manufacturing plants. Integration of robots with production processes help boost productivity, minimizes overheads, offers a high degree of flexibility, increases quality, and reduces waste to a large extent as compared to outcome of manual labor, which consequently propels the market.

Industrial robots have been responsible for the formation of a new ecosystem characterized by lucrative, rewarding, and high-paying jobs. Venture capitalists have opened up to funding companies designing and manufacturing industrial robots. Advancements in artificial intelligence and development of sophisticated sensors are projected to augment the development of self-programming robots.

Full Research Report On Industrial Robotics Market Analysis:
https://www.grandviewresearch.com/industry-analysis/industrial-robotics-market

Further Key Findings from the Report Suggest:

· By 2020, the automotive segment is expected to account for the largest revenue share of approximately 40.0%, which can be attributed to the fact that robots play a vital role in the assembly of vehicles

· The metal/heavy machinery segment was valued at nearly USD 3.0 billion in 2016. Robots are extensively used in the sector on account of high degree of precision demanded coupled with difficult nature of tasks involved

· With a revenue of close to USD 16 million in 2016, the Asia Pacific region dominated the industry. Japan and South Korea are expected to continue being dominant country markets in the region

· Robot industries in Asian countries such as China, Korea, and Taiwan are supported by their respective governments through programs addressing R&D funding, tax incentives, loans, and investment in skills

· Some of the key players in the market are ABB; Omron Adept Technologies, Inc.; Mitsubishi Electric Corporation; YRG, Inc.; Toshiba Machine Co., Ltd.; and Panasonic Corporation.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/semiconductors

Grand View Research has segmented the industrial robotics market report into application and region.

Industrial Robotics Application Outlook (Revenue, USD Million, 2014 - 2020)

· Automotive

· Electrical/Electronics

· Metal/Heavy Machinery

· Chemical, Rubber, & Plastics

· Food

· Others

Industrial Robotics Regional Outlook (Revenue, USD Million, 2014 - 2020)

· North America

o U.S.

o Canada

o Mexico

· Europe

o Germany

o Italy

o Spain

o U.K.

o France

· Asia Pacific

o China

o Japan

o Korea

o Taiwan

· Rest of World

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-industrial-robotics-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

Naphtha Market Likely To Reach A Valuation Of Around USD 183.38 billion by 2022: Grand view Research, Inc.

Global naphtha market size was 270.7 million tons in 2014 and is anticipated to grow at a CAGR of 3.4% from 2015 to 2022. Increasing global demand for transportation fuel is expected to drive growth. Demand is also being driven by its robust use for hydrocarbon cracking process in the petrochemical industry.

Naphtha is an essential part of hydrocarbon cracking process, which is conducted under extreme pressure and heat, as it exhibits superior heat resistant properties. Various environmental regulations and region dependent pricing also make the choice for usage of naphtha materials in the production process.The global demand is estimated to be worth USD 183.38 billion by 2022.

Chemical feedstock was the largest application of naphtha accounting for 65% of the total market share in 2014 and is anticipated to grow at a CAGR of 7.7% over the forecast period. Chemical feedstock is used for steam cracking process which produces gasoline. Growing demand for gasoline is expected to subsequently bolster demand. Lighter grades of the product are used for petrochemical steaming process, which produces rubber, olefins, polymers and aromatics.

Full Research Report On naphtha market Analysis:
http://www.grandviewresearch.com/industry-analysis/naphtha-market

The global market is also being driven by increasing demand of plastics in electronics, packaging and construction industries in future. Energy & fuel contributed to over 25% of the total market revenue in 2014. Rising energy & fuel consumption, particularly in Asia Pacific on account of rapid industrialization as well as expansion of cities, is anticipated to fuel growth. Increasing demand for automobiles is also anticipated to play a vital role in augmenting demand for fuel, which in turn is expected to have a positive impact on the market over the forecast period.

Asia Pacific naphtha demand was 121.7 million tons in 2014 and is likely to witness significant gains over the forecast period. Over the past few years, the region has emerged as the largest exporting hub of petroleum products and the trend is expected to continue over the forecast period. Development of the transport and electrical sectors in the region on account of increasing trade activities coupled with adoption of technological advancement by consumers is expected to drive demand.

The North American market has attained maturity and is expected to witness stagnant growth at a CAGR of 3.0%, in terms of volume, over the projected period. The Middle East market is characterized by consolidation of refineries, which is expected to result in local companies expanding their presence in the global market.

CNPC, British Petroleum, Shell, Chevron and ExxonMobil together accounted for more than 50% of the global industry in 2014.These companies have a strong hold in the market on account of their efficient worldwide-distribution networks. Companies including Reliance Industries and Mitsubishi Chemical are integrated in their operations for crude oil and natural gas production which has resulted in increasing their overall economic profitability.

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-naphtha-market

Proppants Market likely to reach a valuation of around 96.03 million tons by 2020 : Grand view Research, Inc.

Global Proppants Market is expected to reach 96.03 million tons by 2020, according to a new study by Grand View Research, Inc. Growing drilling and completion activities for shale gas in the U.S. and Canada is expected to drive market growth over the next six years. In, addition advent of multiple stage fracturing resulting in higher consumption of proppants per stage is expected augment demand over the forecast period. In addition, large technically recoverable shale gas reserves in China, Australia, Algeria and Russia is expected to promote market growth.

Sand was the largest product segment accounting for over 75% of market share in 2013. Sand is expected to witness demand growth owing to its low cost and high availability in comparison to other proppants. Ceramic proppants are expected to witness significant demand growth over the next six years on account of superior properties including high strength, crush resistance and conductivity resulting in increased use for shale plays.

Full Research Report On Proppants Market Analysis:
http://www.grandviewresearch.com/industry-analysis/proppants-market

Further key findings from the study suggest:

· Shale gas was the largest application segment in 2013 and is expected to witness swift growth over the forecast period due to large recoverable reserves in China, U.S., Algeria, Argentina, Mexico and Australia. Increasing application scope of proppant in shale gas extraction on account of the latter being used in transportation and power generation is expected to propel market growth over the forecast period.

· North America was the largest regional market, accounting for over 75% of global demand in 2013. The market is expected to witness significant growth over the next six years owing to growth in shale gas production coupled with increase in fracturing jobs per year.

· Asia Pacific is expected to witness fastest growth, at an estimated CAGR of over 12% from 2014 to 2020, owing to high potential of shale gas reserves in China coupled with large coal bed methane reserves in Australia. Regional growth can be attributed to favorable government policies to develop shale gas reserves in India and China.

· Key market participants include U.S. Silica, Carbo Ceramics, Momentive, Fairmount Santrol, Hi Crush LP Partners, Fores, Saint-Gobain and Preferred Sands. Preferred Sands and Dow Chemicals Company announced the production of an effective proppant solution that meets OSHA standard and limits silica dust exposures. Various companies focus on technological advancements to produce eco-friendly proppants which would offer increased fracture flow capacity and enhance hydrocarbon recovery.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments

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

Global Proppants Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

· Sand

· Resin Coated

· Ceramics

Global Proppants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

· Shale Gas

· Tight Gas

· Coal Bed Methane

· Others

Global Proppants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

· North America

· Asia Pacific

· MENA

· RoW

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-proppants-market

Biocomposites Market To Witness Rapid Growth Due Increasing Use Of Biocomposites In End-Use Sectors Till 2025 : Grand View Research, Inc.

The global biocomposites market size is projected to reach USD 46.3 billion by 2025, according to a report by Grand View Research, Inc., exhibiting a 12.5% CAGR during the forecast period. Increasing use of biocomposites in end-use sectors such as automotive, building and construction, electrical and electronics, and consumer goods is the main driver triggering the biocomposites market. Additionally, changing consumer preference from plastic composites to ecofriendly biocomposites is expected to spur market growth over the forecast period.

Biocomposites are composite materials made from natural fiber such as wood or non-wood fiber, along with polymer resin. Their use in various sectors is increasing due to their eco-friendly characteristics. They are effectively being used as a substitute for plastic composites. Strict environment laws are also favoring their usage.

Use of biocomposites made from wood fiber is growing as an increasing number of forests are under systematic and sustainable utilization. Wood plastic composites are manufactured from wood fibers. Use of natural polymer is also increasing as a result of push for 100% biodegradable products. There is a significant demand for 100% biodegradable products in developed markets of North America and Europe.

The handling of plastic waste globally is a serious issue as plastic products do not decompose easily. In order to tackle this problem, a number of governments have banned plastic products and are promoting the use of biocomposites as a substitute for plastic composites. Furthermore, they are used as a substitute for metal and alloys in automotive nonstructural parts such as parcel shelves and interior panels. Use of biocomposites in the automotive sector is likely to help in decreasing the overall weight of a vehicle and also reduce instances of injuries to passengers in cases of accidents. Similarly, surging demand in electrical and consumer durables sectors is expected to drive the market.

Rising disposable income in developing countries such as China and India and growing awareness about biocomposites and their advantages are key factors expected to drive the market in the region. Ban on non-reusable plastics in Europe is driving demand in the region.

A number of key players in the industry are investing in research and development of eco-friendly and high strength products. Some players have also integrated their operations throughout the value chain in an attempt to increase profitability and serve customers better.

Full Research Report On biocomposites market Analysis:
https://www.grandviewresearch.com/industry-analysis/biocomposites-market

Further key findings from the report suggest:

· By type of fiber, wood fiber composites are expected to grow at the fastest throughout the forecast period

· Transportation emerged as the largest end-use segment in the market, followed by building and construction

· Asia Pacific is expected to be the largest regional market for biocomposites. It is also likely to be the fastest-growing regional market over the forecast period.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the global biocomposites market on the basis of fiber type, polymer type, product type, end use, and region:

Biocomposites Fiber Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

· Wood Fiber Composites

· Non-wood Fiber Composites

Biocomposites Polymer Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

· Natural Polymer

· Synthetic Polymer

Biocomposites Product Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

· Green Biocomposites

· Hybrid Biocomposites

Biocomposites End-use Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

· Transportation

· Building & Construction

· Consumer Goods

· Electrical & Electronics

· Others

Biocomposites Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

· North America

o U.S.

o Canada

o Mexico

· Europe

o Germany

o U.K.

o France

o Italy

o Sweden

o Russia

· Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

· Central & South America

o Brazil

o Argentina

· Middle East & Africa

o Saudi Arabia

o UAE

o South Africa

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-biocomposites-market