Immersion Cooling Market Worth $855.2 Million By 2027

The global immersion cooling market size is projected to reach USD 855.2 million by 2027, registering a CAGR of 22.8% during the forecast period, according to a new report by Grand View Research, Inc. Rising investments in data center infrastructure along with the increasing power consumption are expected to surge the product demand.

With the rapid development of internet of things (IoT), virtual reality (VR), 5G, artificial intelligence (AI) and the commercial application of the new cutting edge technologies, the demand for information interaction and data processing is increasing which has sped up the construction of new data centers resulting in creating opportunities for product manufacturers in recent times.

Rising investments in single assets and portfolios, increasing capitalization rates for stabilized data centers, an increase in the worldwide spending on public cloud services and infrastructure, and various government initiatives such as “Digital India” are expected to stimulate the demand for immersion cooling systems in the forthcoming years.

Single-phase is expected to maintain its dominance over the forecast period, on account of its low system, tank and coolant cost; high coolant heat capacity; high dielectric strength; high biodegradability, and low environmental impact or Global Warming Potential (GWP) in comparison to two-phase immersion cooling systems.

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https://www.grandviewresearch.com/industry-analysis/immersion-cooling-market

Further key findings from the report suggest:

In terms of revenue, the two-phase immersion cooling system is projected to expand at a CAGR of 23.4% owing to higher energy efficiency and energy savings, improved reliability, lower maintenance requirement, and deployment flexibility of the product
High-performance computing contributed 35.8% to the overall market share in 2019 as they provide advantages for organizations that need a vast amount of computing power from their cloud providers
Cryptocurrency mining application segment is expected to witness a CAGR of 24.6% over the forecast period, owing to enhanced transactional security, quick international transfers, decentralized system, and protection from fraud
Asia Pacific is projected to witness robust growth over the forecast period due to the increased demand for data centers, rising power consumption, and an increasing number of AI application-driven startups
The immersion cooling market has been witnessing key developments in terms of technological advancements and sustainability wherein the companies have been optimistic in developing strategies to gain a competitive advantage

Magnesium Alloys Market Size Worth $6.6 Billion By 2027

The global magnesium alloys market size is expected to reach USD 6.62 billion by 2027 registering a CAGR of 9.9%, according to a new report by Grand View Research, Inc. Increasing magnesium content per vehicle is projected to drive the demand of magnesium alloys products over the next forecast period.

Auto manufacturers are now shifting to lightweight materials, such as magnesium, aluminum, and composite materials, to reduce the emissions from vehicles. Rising preference for fuel-efficient vehicles is projected to boost the usage of such lightweight materials, thereby augmenting the product demand.

In terms of mass, magnesium is the lightest metallic material used in the die casting process. Magnesium alloys have 30% lesser density than aluminum, which boosts their usage in vehicles and aerospace applications. Also, as compared to aluminum and steel, these components can save nearly 25 to 40% and 55% of weights respectively.

Aerospace & defense sector is projected to provide numerous growth opportunities for the market as the product is widely used in airplane structures. China is a key producer of magnesium and accounted for more than 80% of the production in 2018, as per data published by the United States of Geological Survey. However, recent outbreak of coronavirus disease (COVID-19) is projected to hinder market growth in the country.

Numerous companies and research institutes are investing in R&D for the development of advanced products. This is likely to have a positive impact on the market growth. For instance, in July 2019, Monash University found a technique that can be useful in producing lightweight and stronger alloys for automotive and aircraft applications.

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https://www.grandviewresearch.com/industry-analysis/magnesium-alloys-market

Further key findings from the report suggest:

The automotive & transportation was the largest application segment in 2019 and is likely to expand further at the fastest CAGR during the forecast period
The growth of the segment is attributed to incessant production of vehicles and increasing magnesium content per vehicle
Asia Pacific held the highest volume share in 2019 and is projected to maintain its position during the forecast period
Rapid expansion of the automotive sector and increasing demand for electric vehicles (EVs) are anticipated to remain key drivers for the regional market
Key vendors in the global market are Magontec Ltd.; Magnesium Elektron Ltd.; Ka Shui International Holdings Ltd.

Membrane Separation Technology Market Worth $43.4 Billion By 2027

The global membrane separation technology market size is expected to reach USD 43.4 billion by 2027, expanding at a CAGR of 11.7% over the forecast period, according to a new report by Grand View Research Inc. Rising adoption of membrane separation technology applications in food and beverage processing industry is expected to positively influence the overall the market growth.

Technology advancements related to durability enhancement and reduction of fouling potential are expected to have a favorable impact on the widespread adoption of membrane separation technologies. In addition, manufacturers have developed membranes that can withstand high operating temperatures and harsh chemical environments, which is expected to benefit the market growth.

Stringent regulatory framework and environmental concerns are expected to play a critical role in shaping the industry in the near future. Government regulations and policies pertaining to the water treatment for industrial as well as domestic wastewater are anticipated to positively impact water filtration industry, thereby, driving the demand for membrane separation.

Key players in the market such as Merck KGgA; Toray Industries, Inc.; Pentair plc; Hydranautics; and Dupont De Nemours, Inc. own several trademarks and patents, which provide them a competitive edge in the market. In addition, the companies are continuously involved in enhancement of design and performance of their products in order to provide superior separation.

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

Further key findings from the report suggest:

The ultrafiltration product segment is expected to expand at a CAGR of 12.3% over the forecast period, as it is emerging as one of the economical and versatile solutions for fluid treatment across the globe
The Europe market size was valued at USD 3.9 billion in 2019 and is projected to expand at a CAGR of 8.8% over the forecast period on account of increasing penetration in the growing pharmaceutical sector
In 2019, waste and wastewater treatment applications dominated the market with a share of more than 46%. Rising focus on recycling of municipal and industrial wastewater discharges is expected to drive the membrane separation technology market growth
Asia Pacific market is expected to exhibit a CAGR of 13.4% over the forecast period on account of rapid industrialization coupled with increasing regulations pertaining to maintaining environment quality
In April 2019, AXEON Water Technologies announced its decision to appoint ADEKHA Ltd. as its authorized distributor and strategic partner in the Middle East and Africa. This appointment is expected to help AXEON expand its footprint in Nigeria and West Africa.

Thermal Ceramics Market Worth $7.01 Billion By 2027

The global thermal ceramic market size is expected to reach USD 7.01 billion by 2027, expanding at a CAGR of 7.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for high-performance components in the transportation sector is anticipated to augment market growth over the coming years.

In the transportation sector, automobile and aircraft component manufacturers are the major consumers of thermal ceramics as they require lightweight, high temperature resistant, and flexible materials in producing high-performance engine and structural components. According to the Airbus, the number of commercial aircraft is likely to double, reaching 48,000 aircrafts worldwide by 2040, which, in turn, is expected to drive the demand for thermal ceramics over the coming years.

Asia Pacific emerged as the largest consumer of thermal ceramics in 2019 owing to growing demand for steel in the transportation, machinery, and automotive industries. Thermal ceramic is used as an insulation material for the lining of furnaces that are used in steel making processes. Asia has been the key producer of steel past many years. As of 2019, China was the largest producer of crude steel accounting for a volume share of 53.3% globally and India, Japan, and South Korea with 5.9%, 5.3%, and 3.8% respectively.

The Asian countries are inviting significant investments in their steel sector, which is anticipated to further increase their market share in the world. For instance, in September 2018, POSCO announced its plan to invest USD 40 billion by 2023 to upgrade its steel capacity in South Korea. Such initiatives by steel manufacturers are anticipated to augment the demand for thermal ceramics over the coming years.

Key players of thermal ceramics market include 3M; CeramTec; Dyson Technical Ceramics; FibreCast Inc.; Ibiden; Morgan Advanced Materials; Mitsubishi Chemical Corporation, LLC; Rauschert GmbH; and YESO Insulating Products. These companies are focusing on creating strong network by using various distribution channels and collaborating with dealers across the globe to ensure timely delivery of products.

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https://www.grandviewresearch.com/industry-analysis/thermal-ceramic-market

Further key findings from the report suggest:

By application, the industrial segment accounted for the largest share of 66.3% in 2019 due to increasing use of thermal ceramics in heaters and furnaces as they control heat dissipation and reduce energy consumption during the manufacturing of steel and glass
The petrochemical and chemical application segment is expected to expand at the fastest CAGR of 7.0% over the forecast period. The growth is attributed to rising demand from the oil and gas industry, wherein thermal ceramics are used for the lining of boilers
Europe is anticipated to register a CAGR of 7.3% over the forecast period owing to growing transportation industry, wherein various components are manufactured using thermal ceramics due to their resistance to elevated temperatures
North America accounted for a share of 28.8% in 2019 on account of increasing number of infrastructure projects, which involve widespread usage of cement, glass, and metals
Thermal ceramic is gaining popularity over its counterparts due to rising concerns over environmental pollution and its properties, such as lightweight and high temperature resistance. It can withstand temperature ranging between 650^oC to 1,600^oC.

Heat Treated Steel Plates Market Size Worth $7.9 Billion By 2027

The global heat treated steel plates market size is expected to exceed USD 7.9 billion by 2027, expanding at a CAGR of 3.9% over the forecast period, according to a new report by Grand View Research, Inc. Growing industrial output in China’s automotive, construction, and industrial machinery industries is projected to remain one of the key factors driving the market for heat treated steel plates.

Despite economic uncertainty, China’s investments in the manufacturing sector are growing at a healthy rate. As per China’s leading industry regulators, it has grown by 8.7% y-o-y basis in the first 3 quarters of 2018. Strong government policies on encouragement of private investment are likely to fuel market growth. Moreover, China’s industrial output observed 6.2% y-o-y in 2018, wherein the automotive, railway, and equipment and machinery sectors were the major contributors.

Rapid growth in urbanization is projected to increase the investments in highways, railways, energy, and other infrastructure. The network of highways and railways is still low in China as compared to the developed countries, and hence the country is set to boost its economy by numerous infrastructure projects. For instance, the country gave approval to 26 infrastructure projects in 2019, including the rail projects in Kunming, Chongqing, Chengdu, Zhengzhou, and Xian. The 26 projects are worth an investment of around USD 142 billion. Growth in infrastructure is projected to contribute to the demand for construction machinery and equipment, thereby boosting the demand for heat treated steel plates.

Growing aerospace and defense budgets in various countries are likely to push the demand for heat treated steel plates as these steel plates find application in helicopters, tanks, aircraft, and ships. The defense budget in U.S. is the highest in the world and has a strong impact on the manufacturing sector. The budget in the country increased from USD 606 billion in 2018 to USD 681 billion in 2019, which was more than the combined budget of Russia, China, Germany, France, U.K., and Japan.

On the basis of end use, the automotive and transportation segment is projected to witness the fastest growth from 2020 to 2027. Steel is one of the sustainable materials and has high penetration in automotive components and assemblies. Heat treatment is a vital attribute of automotive and transportation components manufacturing. If the components are not heat treated, they are unable to withstand stress and may observe crack development or failure. Processes including normalizing, annealing, stress relieving, hardening, and tempering are likely to witness continuous demand on account of incessant automotive production and rising demand for new aircraft, thus driving the growth of heat treated steel plates market.

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https://www.grandviewresearch.com/industry-analysis/heat-treated-steel-plates-market

Further key findings from the report suggest:

Based on process, hardening and tempering accounted for a share of 25.2% in 2019 and is projected to witness continuous growth owing to increasing need among the end-use industries for improved hardness, toughness, and strength in various parts
Case hardening is projected to expand at the fastest CAGR of 4.8% over the forecast period on account of durability and surface hardness provided by this process
By end use, the automotive and transportation segment accounted for the largest share of 49% and is likely to maintain its position over the next few years. Growing aircraft demand due to increase in air passenger traffic and rapidly evolving electric vehicles sector are the primary factors responsible for the segment growth
The construction application segment was valued at USD 702.3 million in 2019. Positive outlook of the construction industry in emerging economies and increasing investment in highways, railways, and bridges are projected to fuel the demand for heat treated steel plates
Asia Pacific held the largest share in the market for heat treated steel plates in 2019. The region is anticipated to witness lucrative growth from 2020 to 2027 due to expansion of the construction, automotive, and industrial machinery industries in China and India
Key vendors in the market for heat treated steel plates include Nippon Steel Corporation, Baosteel, Tata Steel, ArcelorMittal, POSCO, and Outokumpu

Aerospace Parts Manufacturing Market Worth $1.25 Trillion By 2027

The global aerospace parts manufacturing market size is expected to reach USD 1.25 trillion by 2027, exhibiting a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing passenger and freight traffic in emerging economies is driving the demand for next-generation aircraft, which in turn is expected to boost the market growth.

A majority of the aircraft manufacturing companies are integrated across the value chain and are highly active in the parts manufacturing process. These companies have in-house production facilities as well as supplier contracts for the procurement of these parts. The manufacturers are also involved in raw material procurement and designing and quality control of the parts offered by third party suppliers.

The market for aerospace part manufacturing is primarily concentrated in North America and Europe, owing to the presence of major aircraft manufacturers. China and India are expected to emerge as the leading markets in the forthcoming years, owing to the rapid growth of aircraft part manufacturing and export activities. The global trade in components and sub-assemblies has increased by approximately 25% during the past decade. However, the sector still remains consolidated with the top 3 countries including the U.S., Germany, and France, accounting for over 60% of the total aircraft manufacturing.

The market has observed a trend of a collaboration of the major companies entering into a joint venture. This helps the companies to sustain in the highly competitive market in terms of geographical expansion, technological advancements, and lowering the risk of failure. This also aids the companies to easily access the market for gaining long term contracts.

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https://www.grandviewresearch.com/industry-analysis/aerospace-parts-manufacturing-market

Further key findings from the report suggest:

In 2019, aerostructure dominated the product segment, with 52.2% of revenue share on account of the strong replacement rate of aluminum with high-cost composites in fuselage and airframe structures
The commercial aircraft segment is estimated to expand at the fastest CAGR of 4.6% over the forecast period, as significant changes are being incorporated into the aircraft structure to reduce carbon emissions by replacing existing parts with lightweight materials
The market in the Asia Pacific was valued at USD 149.6 billion in 2019 and is expected to expand at the highest CAGR owing to the rapid growth of the aviation industry, augmenting the growth of MRO services thereby impacting the aerospace parts manufacturing industry on a positive note
The aerospace parts manufacturing market has stringent manufacturing norms, safety regulations, and certifications, which restricts the entry of new entrants
Emerging players in Asia offering low-cost innovative solutions to the end-users are expected to challenge the established players in North America and Europe, leading to competition disruption in the market

Food And Beverage Air Filtration Market Worth $1.75 Billion By 2024

The global food & beverage air filtration market is expected to reach USD 1.75 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of demand for the improved food quality has led manufacturers to upgrade the technology during the food production process, which is anticipated to increase the installation of air filters over the forecast period.

The air filters systems are used to remove various contaminants in the production stage. Few specialized filters, such as high-performance HEPA filters, help in removing germs and viruses, thereby producing sterile air. The food air filters minimize moisture and the resultant energy required for improving the efficiency of various processes, which is expected to drive the market growth extensively.

Filter manufacturers are also inspired to design efficient filter systems with the growing requirements and increasing stringent legislations emphasizing on hygiene in the food industry. Furthermore, improving the air quality in the production process along with reducing the levels of microorganisms have also become few of the major concerns for food manufacturers, which will boost the food and beverage air filters industry over the forecast period.

The stringent government regulations for food safety and growing health concerns have mandated the food producers to implement enhanced filtration methods. The increasing need to reduce energy consumption across several industrial applications is anticipated to elevate the demand for an effective food & beverage air filtration system. The growing concerns regarding the environmental health coupled with the reducing raw material resources and natural depositories are primarily expected to fuel growth over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/food-beverage-air-filtration-market

Further key findings from the report suggest:

The food & beverage market is expected to witness a steady growth over the forecast period owing to the increasing awareness regarding health concerns, which has encouraged food producers to improve the production process influencing the filtration industry.
The HEPA filters market is expected to grow at highest CAGR, owing to the wide application of these filters in air filtration and air purification applications for controlling the airborne particulate level in the dairy and food & ingredients industries.
The dairy industry is expected to witness a CAGR of over 6% over the forecast period. The increasing consumer interest in healthy eating has boosted the dairy product demand among the consumers. Furthermore, the introduction of yogurt drinks and yogurt has also helped in the expansion of health-focused food and drinks, leading to the improved manufacturing process and enhanced air filtration equipment market.
The North American food & beverage industry is expected to remain the major revenue generating regionover the forecast period. The continuous increasing awareness for nutritious and organic food with the growing health concerns have influenced growth.
The key players in the food & beverage market include Parker Domnick Hunter (U.S.), Donaldson Company, Inc. (U.S.), Pall Corporation (U.S.), and Camfil Group (Sweden).Companies are focusing on providing enhanced quality food products adhering to the government regulations for food safety.

Welding Equipment Market Size Worth $18,170.0 Million By 2025

The global welding equipment market size is expected to reach USD 18,170.0 million by 2025, registering a CAGR of 6.9% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. A notable rise in manufacturing and construction activities across the globe is expected to boost the growth of the market over the forecast period. Increasing adoption of automated solutions is a key trend observed in the market.

The growing demand for lightweight cars across the globe is expected to drive the demand for advanced products over the next six years. Introduction of new technologies in the market is expected to generate opportunities for market players. For instance, development of the friction stir welding technology for the automotive sector, which helps avoid toxic fumes and eliminates the use of solvents required for degreasing is further expected to drive the market growth.

The global rise in demand for oil and natural gas and an increase in exploration and production activities are expected to propel the growth of the market over the forecast period. The growing acceptance of advanced equipment, processes, and technologies among automakers are also likely to propel the growth of the market in the near future. Furthermore, the introduction of advanced and smarter automatic machines, which help companies minimizes their dependency on manual labor, is expected to further drive the welding equipment market in the near future.

Manufacturers are focusing on developing new technologies and related education and training content, which can improve safety, quality, and productivity of fusing processes across industries. For instance, in November 2018, Panasonic Industry Europe GmbH and DVS, a German welding industry association, announced collaboration to train operators of automatic equipment following industry guidelines. The training program helped the company to avoid a shortage of expert and experienced resources.

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https://www.grandviewresearch.com/industry-analysis/welding-equipment-market

Further key findings from the study suggest:

In terms of technology, the oxy-fuel segment is anticipated to witness remarkable growth over the forecast period. This growth can be attributed to its advantages such as its portable nature and low maintenance costs
In terms of equipment, the automatic segment is expected to emerge as the fastest-growing segment over the next six years. Notable developments in software, coupled with improved capabilities of robots to weld any kind of material, is expected to strengthen the growth prospects of the segment
The marine application segment is anticipated to register significant growth over the forecast period. The rise in international trade and commerce, coupled with the growing trend of luxury cruising, is expected to boost the growth prospects of the marine application segment over the forecast period
The Asia Pacific regional market is expected to retain its dominance in the market over the forecast period. The growth can be attributed to the developments observed in the automotive sector, a notable rise in industrial activities, and expanding construction and transportation industries
Prominent industry participants include Illinois Tool Works Inc., ACRO Automation Systems Inc., voestalpine Böhler Welding GmbH, Carl Cloos Schweisstechnik GmbH, Panasonic Industry Europe GmbH, Air Liquide, Daihen Corporation, and Coherent-ROFIN.

Kaolin Market Size Worth $5.66 Billion By 2027

The global kaolin market size is projected to reach USD 5.66 billion by 2027, expanding at a 3.3% CAGR based on revenue, over the forecast period, according to a new report published by Grand View Research, Inc. Kaolin is used as a filler or a coating material and hence, rising demand for paper from the packaging industry is likely to propel the growth.

Kaolin in paper products enhance smoothness and appearance, increase brightness and printability, and reduce abrasion. Paper, being an eco-friendly and easily recyclable solution, is widely used in industries such as packaging and print media in the form of paper boards and gloss papers. Rising awareness along with stringent regulations regarding environmental pollution caused by non-biodegradable packaging is likely to drive the demand for paper packaging, which in turn is anticipated to augment market growth in the forthcoming years.

However, downturn in paper sector of North America region is expected to restrain growth of the kaolin market over the forecast period. Continuous shift toward digital media platforms for news, advertisements, and marketing has adversely affected the demand for newsprint media in North America over the past few years. In addition, availability of efficient substitutes, such a Ground Calcium Carbonates (GCC) and Precipitated Calcium Carbonates (PCC) that can replicate the properties of kaolin at a lower cost may hinder the product demand to a certain extent.

In Asia Pacific, factors such as expanding population and rising consumer standard of living are anticipated to increase the need for houses, thus propelling the construction industry. The rising construction industry directly impacts the growth of the ceramic industry. According to the Ceramic World Web, in 2018, the regional ceramic tile production accounted for 68.6% of the global production. The high regional production of ceramic tiles is anticipated to drive the demand for kaolin in the forthcoming years.

BASF SE, Imerys S.A., KaMin LLC, LB MINERALS Ltd., Sibelco N.V., and Thiele Kaolin Company are the key market players. Most of the players focus on increasing the kaolin prices to ensure long term business sustainability. The kaolin manufacturers increased in prices by 5% to 9% in 2018 for different applications. For instance, in August 2018, BASF SE increased kaolin prices by 5% for paper and thermal applications.

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https://www.grandviewresearch.com/industry-analysis/kaolin-market

Further key findings from the report suggest:

Paper segment is anticipated to expand at a CAGR of 2.6%, in terms of revenue over the forecast period owing to the increasing demand for paper boards from the packaging industry
Ceramics is projected to witness a CAGR of 4.0% in terms of volume over the forecast period owing to increasing production of ceramic tiles to meet the rising demand from the construction industry, especially from U.S, China, and India
Cosmetics is among the segments witnessing rapid growth, in terms of volume, over the forecast period and accounted for a market share of 1.1% in 2019. The growth is attributed to the increasing consumer disposable income along with the rising demand for skin care products
Asia Pacific is anticipated to expand at a CAGR of 3.5% in terms of volume over the forecast period owing to the rising demand for kaolin-based products from construction, automotive, and packaging industries
Europe is expected to witness a CAGR of 2.7% in terms of revenue over the forecast period as it is among the largest regions for the paper industry and ceramics industry