Non-ferrous Scrap Recycling Market Worth $308.5 Million By 2027

The global non-ferrous scrap recycling market size is anticipated to reach USD 308.5 million by 2027, expanding at a CAGR of 2.8%, according to a new report by Grand View Research, Inc. The growth of the market is attributed to increasing consumer awareness pertaining to recycling coupled with the rising production of secondary metals.

The primary production of metals is a capital intensive procedure and consumes lots of energy. Usage of scrap in metal production reduces manufacturing costs and energy consumption, making secondary metal production both economically and environmentally friendly. This compels the manufacturers to opt for secondary production, giving rise to more demand for scrap metal.

Based on metal, the market has been segmented into aluminum, copper, lead, and others. There are various types of non-ferrous metals of which aluminum and copper account for a higher share owing to their phenomenal properties. Such properties propel their use in various applications including construction, automotive, and consumer goods industries. As a result, these three sectors are the major contributors to the generation of non-ferrous metal scrap.

Aluminum is extensively used in the construction industry owing to its lightweight characteristics in various structures such as roofing, walls, door and window frames, and even handles. Its usage is increasing in the automotive industry as well in vehicle body frames. The metal has a high recovery rate from both the construction and automotive sectors, which makes its largest segment, in terms of volume, of the global market.

Non-ferrous accounts for a higher revenue share than ferrous scrap in the overall market owing to their high prices. However, the spread of the covid-19 pandemic has caused the prices of the metals to decline drastically. In India, prices of aluminum and copper dropped by 5% in February 2020 from January 2020. The pandemic caused the shutting down of manufacturing operations and restricting transportation, which resulted in low demand for these metals, resulting in a decline in prices.

Construction and automotive are major shareholding sectors in terms of scrap generation; however, their growth rate is less when compared to consumer goods. Household appliances and other consumer goods have a short lifespan than structures and vehicles, owing to which these products tend to turn into scrap faster than products of the other sectors.

Asia Pacific accounted for the largest volume share in 2019 and this trend is anticipated to continue over the forecast period. The growth is augmented towards Japan, India, and Southeast Asian countries, which are taking efforts in improvising their recycling industry. The nations are inviting investments for the industry to propel market growth. For instance, in 2019, Jiangxi Copper Co. announced its plan to build a plant for producing refined copper in Malaysia, where scrap shall be used as a key raw material.

The growth of the non-ferrous scrap recycling industry is expected to be further propelled by government initiatives. For instance, on March 27, 2020, the Indian Ministry of Mines released a Draft National Non-Ferrous Metals Scrap Recycling Policy for emphasizing on the underdeveloped non-ferrous scrap recycling sector in the country. India is a huge hub of scrap generation; however, due to unorganized nature and less consumer awareness towards recycling, the country majorly relies on imports for its consumption. Such policies are expected to address the issues pertaining to recycling in the country.

The market is both highly competitive and unorganized in nature. The COVID-19 pandemic has largely impacted market growth and players of the industry as of 2020. Factors like shortage of workers, no demand from manufacturing plants, no inflow of scrap in yards owing to social distancing, and transport restrictions have led to the shutdown of many recycling centers. As of March 2020, non-ferrous scrap processors in China reduced their operating capacity to 40-50% owing to declining orders.

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https://www.grandviewresearch.com/industry-analysis/non-ferrous-scrap-recycling-market

Further key findings from the report suggest:

Asia Pacific held the highest revenue share of over 45.0% in 2019 owing to increasing investments and initiatives towards generation and processing of non-ferrous scrap in the region
Automotive is anticipated to witness a CAGR of 2.9%, in terms of revenue, over the forecast period owing to the rise in the number of discarded vehicles every year across the globe
Copper held the largest revenue share of over 56.0% in 2019 owing to its high price compared to other metals and its increasing demand from construction and consumer goods sectors
Construction held the largest volume share of 36.0% in 2019 owing to high consumption of non-ferrous metals like aluminum, copper, and zinc in infrastructural developments and high recovery rate of these metals
Considering the increasing demand for non-ferrous metals, investments in the industry are evident. For instance, in March 2018, Meldgaard opened its facility in Denmark for recycling ash and heavy metal processing.

Compound Semiconductor Materials Market Worth $46.9 Million By 2027

The global compound semiconductor materials market size is expected to reach 46.9 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.8% from 2020 to 2027. The market is expected to be driven by an increase in product demand from the end-use industries due to its ability to consume less power, along with the broad temperature range and high electron mobility.

The expansion of China’s integrated circuit production is expected to have a positive impact on market growth. China is expected to witness substantial growth of over 10% in the production by 2023, thereby becoming one of the largest manufacturers in Asia. However, the drop in the production of the semiconductor industry across the globe due to the COVID-19 outbreak is expected to have an adverse impact on the demand for compound semiconductor materials.

Manufacturers are largely dependent on reliable suppliers having high goodwill on account of past product procurement, making it difficult for new entrants to penetrate into the market. In addition, the market exhibits the presence of several well-established players with a strong financial base, thereby limiting the entry of new market players.

The market exhibits high industry rivalry owing to the presence of a large number of manufacturing firms in the marketspace. However, there is an ongoing struggle among these players to capitalize on the novel avenues for growth. The presence of a number of companies in the market results in a high level of competition, which, in turn, has elevated the competitive rivalry.

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https://www.grandviewresearch.com/industry-analysis/compound-semiconductor-materials-market

Further key findings from the report suggest:

By product, group III-V compound semiconductor materials are estimated to reach USD 25.1 million by 2027 owing to their higher power efficiency and unique optical properties, including excellent mobility and photon-electron conversion efficiency
The telecommunication application segment dominated the market in 2019 and is expected to witness significant growth over the forecast period owing to the extensive product use for communication devices
Asia Pacific is estimated to register the fastest CAGR in terms of revenue owing to the surge in demand for semiconductors for electronic devices, driven by an increase in per capita income and rapid industrialization in the region
Taiwan is expected to emerge as a key consumer over the forecast period owing to the presence of some of the few largest integrated circuit manufacturers in the region
Key players are focused on the expansion of production capacity in order to cater to the rising product demand.

Water Heater Market Size Worth $37.52 Billion By 2027

The global water heater market size is expected to reach USD 37.52 billion by 2027, accelerating at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The augmenting residential housing sector coupled with rising disposable income is anticipated to bolster the global market growth.

Increasing urban migration coupled with propelling demand for a diversified array of water heaters across the real estate sector is anticipated to drive the market growth in the forthcoming years. In addition, stringent building standards are likely to encourage the adoption of star rated water heaters, thereby augmenting the product demand over the forecast period.

The availability of water heaters with wide-ranging capacity is anticipated to drive the product demand in various end-use industries. Increasing demand for 30 – 100 liters capacity water heaters across small businesses in the residential sector is projected to complement the product demand over the forecast period.

Timely availability of hot water supply coupled with growing need to address the hot water demands at peak hours across various commercial infrastructures is expected to augment the demand for water heaters over the forecast period. Furthermore, competitive and flexible product pricing along with new features and product assortments are likely to drive market growth.

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https://www.grandviewresearch.com/industry-analysis/water-heaters-market

Further key findings from the report suggest:

North America accounted for 21.5% of the revenue share in 2019 on account of elevated refurbishment activities and rising demand for high-efficiency water heaters in the region
The demand for solar water heaters is estimated to witness a CAGR of 4.7%, over the forecast period owing to the growing demand for sustainable and cost-effective water heating technology to decrease the overall electricity consumption
Tankless water heaters accounted for 34.3% of the global revenue share in 2019 on account of the increasing adoption of the product across a wide array of residential and commercial end-user applications
Germany dominated the Europe market by accounting for 20.4% of the revenue share in 2019, owing to the technological advancements coupled with government regulations driving the demand for energy-efficient products
Eminent market players such as A.O. Smith, Bajaj Electricals, Ltd., Rheem Manufacturing Company, and Rinnai Corporation are focusing on product innovation and mergers and acquisitions as their key growth strategies

3D Printing Ceramics Market Size Worth $159.5 Million By 2025

The global 3D printing ceramics market size is expected to reach USD 159.5 million by 2025, accelerating at a CAGR of 34% over the forecast period, according to a new report by Grand View Research, Inc. Advancements in printing technology and increased investments are among drivers triggering the market growth.

Metal and plastic 3D printing companies have started focusing on products made of ceramics in the recent years. The market is projected to grow at a rapid pace over the forecast period. Growing need for strong, tough, and temperature resistant components and parts in different end-use industries is the key driver triggering the growth of 3D printing ceramics industry.

Different printers that use materials such as porcelain, ceramics, alumina, and clay using various technologies are available in the market. Liquid deposition modeling (LDP) technology is anticipated to create opportunities in the design and architecture fields. Digital light processing (DLP) and stereolithography (SLA) technologies can be used to produce precise and complex parts for implants application in the medical field.

3D printing ceramics industry is still in the growing phase and faces some challenges. Lack of trained professionals & engineers and education programs for engineers related to the field of 3D printing are among major challenges in the sector. However, the adoption of 3D printing by major manufacturers, providers, and end users of products made of ceramics is projected to promote the technology.

Multinational companies and numerous startups are focusing on reduced execution time and enhanced operational efficiency in different end-user industries. Japan-based Canon Inc. developed a new 3D printing technology for ceramics in 2018. The technology can be used in various applications that require corrosion & heat resistance and insulation properties. The company also developed new ceramic materials to produce highly accurate parts.

Aerospace and medical industries are the key contributors to the growth of the market. As per a report by Airbus, the expanding middle-class population is projected to boost the number of flyers around the world, which, in turn, is anticipated to trigger the production of commercial aircraft and indirectly contribute to the demand for finished components or parts. Moreover, growing adult population and rising healthcare investments are likely to promote the use of 3D printed finished products made of ceramics. Growth of medical and aerospace industries in North America is among key factors influencing the demand for 3D printing. Government funding for healthcare sector in Asia Pacific is projected to assist the market growth. The region is projected to witness the highest CAGR over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/3d-printing-ceramics-market

Further key findings from the report suggest:

In terms of revenue, aerospace end-use segment is anticipated to reach USD 26.1 million by 2025 owing to increasing number of flyers globally
In terms of volume, medical end-use segment is projected to ascend at a CAGR of 35.4% over the forecast period owing to increasing adult population and growing healthcare investments, which is one of the key factors likely to trigger the demand for 3D printing of ceramics
Industrial machinery segment accounted for 8.7% volume share in the 3D printing ceramics market in 2018 owing to industrial output supported by increased demand for machinery
North America accounted for the highest volume share of 45.2% in 2018
Tethon3D, 3D CERAM, Lithoz, Steinbach AG, PRODWAYS, and Desamanera S.r.l. are some of the key players in the market.

Super Abrasives Market Worth USD 10.4 Billion By 2025

The global super abrasive market size is anticipated to reach USD 10.4 billion by 2025, exhibiting a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is majorly driven by the increasing use of diamond in grinding wheels for precision and machining tools.

The demand for precision and machining tools is driven by increasing production of motor vehicles and construction activities. In the construction industry, the product is used to manufacture drilling, sawing, and cutting tools to machine concrete, bricks, and stones. As per the Institution of Civil Engineers, the global volume of construction output is expected to grow by 85% by 2030 with the U.S., China, and India being the major contributors. This is likely to boost the utilization of super abrasives over the coming years.

The product is used as a grinding tool in the manufacturing of automotive components such as steering mechanism, injection systems, gear shaft, and cam/crankshaft to provide smooth finishing of components. Increasing production of motor and electric vehicles is anticipated to boost the demand for the product in the market over the coming years. The diamond segment is anticipated to register a CAGR of 5.7% over the forecast period owing to the growing demand for precision tooling from automotive and aerospace industries.

The market is characterized by a large number of local and global players. Major companies are acquiring local dealers/manufacturers and are entering into partnerships with major end users to continuously supply products. For instance, in February 2016, Saint-Gobain Abrasives entered into a partnership with Detroit Speed, an automotive component manufacturer, to promote its Norton brand. The move is projected to aid the former increase its consumer base. Asahi and Tyrolit, in November 2018, formed a business alliance in Europe and Asia to expand their product portfolio for electronics, bearings, and gearing industries. This move has allowed Asahi Diamond Group to enhance its portfolio in bearing & gearing industry.

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https://www.grandviewresearch.com/industry-analysis/super-abrasive-market

Further key findings from the report suggest:

Construction segment is expected to witness a CAGR of 5.8% owing to the increasing demand for cutting, drilling, and sawing tools
The North America market accounted for a revenue share of 11.9% in 2018 with the growing manufacturing sector, especially in the U.S.
The super abrasives market in Europe is expected to grow at a CAGR of 4.3%, in terms of revenue, over the forecast period owing to ongoing construction projects in Russia, Poland, and Western European countries
Major players are adopting strategies such as capacity expansions, mergers, and acquisitions to cater to growing demand.

Europe MRO Distribution Market Size Worth $222.11 Billion By 2028

The Europe MRO distribution market size is expected to reach USD 222.11 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 1.6% from 2021 to 2028. The rise in scheduled maintenance and increasing investments in repair operations are expected to ascend the market growth over the forecast period.

Prominent European industries have adopted integrated repair, maintenance, and operation service concepts for improvements in the equipment and services in critical operations. Many industrial units adopted this change post-recession period and are likely to continue in the projected time. Therefore, the demand for Maintenance, Repair, & Overhaul (MRO) distribution is expected to remain high.

The untapped markets are benefitted owing to the emergence of e-commerce platforms in the European region, thus the penetration of MRO products in the region has escalated. Moreover, the established players in the region have adopted the strategy of acquiring small-scale players to enhance the market presence.

Major players in the regional market are employing several strategies focusing on digital marketing, pricing, product placement, and communication to improve supply channels and enhance sales operations. These enhanced sales processes and standardized sales tools are anticipated to upscale the MRO industry growth in the upcoming future.

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https://www.grandviewresearch.com/industry-analysis/europe-maintenance-repair-overhaul-mro-distribution-market

Further key findings from the study suggest:

The machine consumables product segment accounted for the largest share of 30.2% in 2020 on account of the increasing focus of the end-users on the maintenance and upkeep of critical equipment in order to maintain and enhance their performance and operational lifetime
The external MRO service type segment is anticipated to witness the fastest growth from 2021 to 2028 owing to the increasing contracts to third-party MRO service providers by the product manufacturers to increase the geographical operation
The preventive/scheduled maintenance type segment accounted for the largest share of 58.8% in 2020 and is projected to witness significant growth over the forecast period owing to its rising adoption in order to reduce the breakdown and maintenance time
The machinery and equipment application segment is projected to expand at the fastest CAGR from 2021 to 2028 on account of the growing demand from a diverse range of industry verticals, including construction, automotive, and metalworking
Germany accounted for the largest share of 21.8% in 2020 owing to the high adoption of preventive and scheduled MRO among the manufacturers operating in the country

Europe Passive Fire Protection Market Size Worth $1.3 Billion By 2027

The Europe passive fire protection market size is expected to reach USD 1.3 billion by 2027 registering a CAGR of 3.4%, according to a new report by Grand View Research, Inc. Favorable government regulations about structural fire safety and increasing awareness regarding the same are expected to drive market growth. Growing demand for fire-safe buildings has led to increased investments in terms of installation of passive fire protection systems in the construction sector, which will also boost the market growth.

Increasing investments in exploration and production activities by the oil & gas companies have boosted the demand for hydrocarbon in tumescent coatings. Fire protection is an important aspect of the structural steel safety in industries including oil & gas and chemicals as the risks of fire accidents are high owing to the combustion of hydrocarbon fuels.

Growing demand for high-quality passive fire protection products with improved efficiency and reliability along with the popularity of technologies used in their production is pushing manufacturers to continuously engage in innovation. This is driving them to take the necessary steps to maintain and enhance the standards of their products.

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https://www.grandviewresearch.com/industry-analysis/europe-passive-fire-protection-market

Further key findings from the report suggest:

The cementitious material segment accounted for the largest revenue share of over 41% of the global market owing to the wide usage of steel structures in infrastructure development projects
Construction is expected to be the largest as well as fastest-growing end-use segment over the forecast period owing to the rise in building & construction activities post relaxation of containment measures taken due to the Covid-19 pandemic
The industrial end-use segment accounted for the second-largest market share of over 22% in 2019 owing to the rising emphasis on the improvement of fire safety standards across the regional industries
Germany accounted for the largest market share in 2019 owing to high demand for passive fire safety products from the industrial, automotive, and construction sectors
The market is highly competitive and is characterized by the presence of both global and regional players

North America Building Thermal Insulation Market Worth $13.83 Billion By 2027

The North America building thermal insulation market size is expected to reach USD 13.83 billion by 2027, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 2.7% in terms of revenue during the forecast period. Rising consumer awareness, demand for thermal insulation materials, and favorable regulations owing to the focus on lowering the overall energy consumption are the factors expected to drive market growth.

The market players focus on increasing its market share through organic growth. The companies indulge in the expansion of their product portfolio by developing cost-effective insulation products with enhanced properties and expanding their manufacturing capabilities to cater to the ascending product demand worldwide.

Numerous local and international players in the market provide raw materials for thermal insulating components. Extensive production facilities and high capital investments result in high volume production of materials by prominent players, which is then used to manufacture insulating components.

The industry exhibits a large number of established players controlling significant market share. These companies develop a robust business model to adapt to market volatility and any technological and geographical change. The players usually maintain a strategic relationship with their suppliers to maintain uninterrupted supply.

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https://www.grandviewresearch.com/industry-analysis/north-america-building-thermal-insulation-market

Further Key Findings from the Report Suggest:

Expanded Polystyrene (EPS) is expected to witness the fastest CAGR of 3.1%, from 2020 to 2027, on account of high product penetration owing to the sound absorption, lightweight, and quakeproof nature of the product
The walls application segment dominated the market in 2019 and is expected to reach USD 5.58 billion by 2027, owing to the adoption of high-class architecture and maintaining high energy efficient standards by the residential and commercial structures
Residential end-use application accounted for 5.88 billion in 2019, on account of growth in the number of single-family houses in developing economies and rising disposable income of the consumers
The U.S. dominated the market in 2019 and is expected to reach USD 10.83 billion by 2027, owing to growth in the construction sector and increased demand for energy-efficient construction solutions
The major manufacturers emphasize innovation through extensive R&D for the production of advanced insulating materials. Numerous local players are engaged in manufacturing standard components, which results in stiff competition in the market

Warehouse Racking Market Worth $10.5 Billion By 2025

The global warehouse racking market size is expected to reach USD 10.5 billion by 2025, ascending at a CAGR of 3.6% over the forecast period, according to a new report by Grand View Research, Inc. Optimized utilization of warehouse space and structural storage of objects in racking systems is expected to propel their demand. High load-bearing capacity and rigidity of rack structures are expected to be the key factors propelling their demand in heavy duty applications.

These systems are commercially available in various structures, patterns, and designs, thus are gaining high consumer traction. Racking offers easy handling of materials and optimized way of product selection, thus are popular in large-scale storage facilities. Forklifts and conveyer mechanisms are used in racks to provide access to every object stored in racking structure.

Systematic storage of stock in warehouse and easy accessibility provided by racks are considered beneficial for applications such as retail and food & beverage. These systems are widely used in large warehouses where heavy, fragile, and ductile objects are stored. Developments in the industry have introduced enhanced racking with improved durability and lifespan of pallets used in the systems.

Prominent players in the warehouse racking industry are focusing on providing installation and maintenance services to the customers. The market is characterized by multinational and a large number of domestic players engaged in production and distribution of racking systems. Major players in the market include Daifuku Co., Ltd.; AK Material Handling Systems; Hannibal Industries, Inc.; and Mecalux, S.A.

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https://www.grandviewresearch.com/industry-analysis/warehouse-racking-market

Further key findings from the report suggest:

Selective pallet system is expected to grow at the fastest CAGR of 4.2% over the forecast period owing to provision of easy accessibility to materials and less complicated structural rack design
In 2018, retail applications for warehouse system dominated the market with a share of over 30% and is anticipated to progress with the highest CAGR over the forecast period on account of increasing e-commerce applications
In Europe, the revenue for drive-in racking system in 2018 stood at USD 228.3 million and is likely to grow over the forecast period with growing acceptance of modern technology automation in racking systems in the region
North America registered the largest warehouse racking market for warehouse racking in 2018 owing to well-established distribution networks for retail, food & beverage, and automotive applications in the region
In 2019, Michelin North America, Inc. announced its operations of a new three million square feet distribution and warehouse, wherein the company installed racking systems and forklifts to smoothen the operations.

Spiral Membranes Market Worth $13.3 Billion By 2027

The global spiral membranes market size is expected to reach USD 13.3 billion by 2027 registering a CAGR of 10.9%, according to a new report by Grand View Research, Inc. Rising demand for spiral membranes in wastewater treatment application is likely to boost the market growth over the forecast period. Growing environmental restrictions on the discharge of untreated wastewater from the municipal and industrial sources have resulted in the growth of the global market for spiral membranes over the past few years.

The growing adoption of reverse osmosis technology has also contributed to the market development. The market is influenced by several regulatory and technology trends, which play a critical role in driving industry growth. Rising demand due to the scarcity of quality drinking water is anticipated to benefit the industry growth. In addition, the growing population has accelerated the depletion of water resources coupled with the contamination of ground and surface water bodies, which has encouraged the adoption of water treatment processes.

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https://www.grandviewresearch.com/industry-analysis/spiral-membrane-market

Further key findings from the report suggest:

Polyamide accounted for the largest market share of over 41% in 2019 and is projected to expand further at a steady CAGR from 2020 to 2027 owing to easy availability and low cost of these polymers
Reverse osmosis was the largest technology segment in 2019 and accounted for more than 40% of the global market share. The segment is estimated to retain its leading position throughout the forecast period as reverse osmosis technology exhibits a considerably higher recovery rate than the traditional thermal desalination processes
The water & wastewater treatment end-use segment is projected to account for the maximum revenue share by 2027
Growing focus on maximizing the recycling of municipal and industrial wastewater discharge is likely to benefit the segment growth
Asia Pacific is projected to be the fastest-growing regional market from 2020 to 2027 owing to the rapid industrialization
China led the APAC regional market in 2019 and is estimated to register a CAGR of 13.2% from 2020 to 2027 mainly due to the implementation of stringent regulations regarding environmental safety.