High Purity Base Metals Market Size Worth $398.04 Billion By 2027

The global high purity base metals market size is expected to reach USD 398.04 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.6% from 2020 to 2027. Increasing efforts by companies to deliver high-performance products and solutions are anticipated to boost the demand for high purity base metals over the forecast period.

Purity levels of base metals are available in different grades, such as 99.99%. In order to achieve this level of purity, metals have to undergo several processing steps. For instance, high purity aluminum is achieved through three-layer electrolysis or combining fractional distillation and three-layer electrolysis. In the electrolysis, aluminum ions are reduced in an electrolytic cell that contains three separate liquid layers. In the distillation, aluminum is refined by taking leverage of solubility differences.

Aluminum accounted for the largest volume share in the global high purity base metal market in 2019. It is the most inexpensive base metal and it finds applications in various end-use industries, automotive being the major industry. Lightweight and low cost are the major factors driving the demand for the product. High purity aluminum is popular in the electronics segment where it finds application in television, computer, and other display materials.

Lead is another vital product segment of the market. Advancements in the technologies have enabled to achieve high levels of purity in lead. Pure lead is alloyed with other elements for various commercial applications, such as extruded products like rods, wire, traps, ribbon, and pipes. It is also used in rolled products, such as thin foils, which are further used in crucial applications, including corrosion-resistant equipment for the chemical industry, waterproof membranes, roofing, and x-ray and gamma-ray shielding.

The ongoing COVID-19 pandemic has majorly affected the production and supply of these high purity base metals, causing their prices to decline. For instance, copper, lead, and zinc prices declined by -22%, -10%, and -19%, respectively in March 2020 from the previous month, owing to the emergence of the coronavirus. The shutdown of mines and manufacturing plants is affecting the prices.

North America is anticipated to be one of the fastest-growing regional markets in the forecast period. The region is impacted by COVID-19, which has led to a negative growth rate of the market in 2020; however, the situation is expected to stabilize in the next couple of years. Infrastructural developments and increasing production of electric vehicles are expected to boost the consumption of high purity base metals over the forecast period. For instance, the construction spending in the U.S. for the first seven months of 2020 was increased by 8.1% from the same period in the previous year. This is a positive sign for the market growth in the country.

The competitive rivalry is high in the market owing to the presence of numerous established players. The market players are engaged in mergers & acquisitions and capacity expansions for gaining a competitive edge in the market. For instance, in May 2020, Aurubis AG, a leading copper recycler, completed the acquisition of Metallo, which is its second acquisition in Belgium.

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https://www.grandviewresearch.com/industry-analysis/high-purity-base-metals-market

Further key findings from the report suggest:

Asia Pacific held the largest volume share of more than 71.0% in 2019 owing to China, which is the major consumer of refined copper and lead in the world
The transportation end-use segment held the largest revenue share in 2019 on account of the rising production of electric vehicles, which will boost the demand for copper in the coming years
By product, the copper segment is expected to register the fastest growth rate of 3.1% in terms of volume from 2020 to 2027 on account of its rising demand in the construction, automotive, and electronics industries
The building and construction end-use segment is expected to witness the fastest growth in terms of revenue over the forecast period on account of rising infrastructural developments across the globe
Market growth declined in 2020 owing to sluggish demand from the end-use industries caused by the shutdown in manufacturing operations, which resulted in surplus product availability, and thus a decline in prices

Insulated Glass Adhesives & Sealants Market Worth $8.29 Billion By 2025

The global insulated glass adhesives & sealants market size is expected to reach USD 8.29 billion by 2025 expanding at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. Rising demand for high-performance adhesives from automotive and construction sector is anticipated to drive the market growth. Insulated glass is extensively used in windows, doors, and windshield. Adhesives & sealants are used to fix insulated glass unit to an assembly. They help restrict the penetration of air, liquid, and solid particles and provide stability and strength to the unit. The high bonding speed, superior thermal stability, and extreme weather resistance offered by these adhesives are expected to augment their demand further.

Rising spending in the construction sector, especially in emerging economies of Asia Pacific and Middle East, owing to growing population and robust economic development is expected to positively impact the product penetration. The construction industry, especially in China and India, is estimated to grow at a significant rate owing to increasing demand for housing infrastructure. For instance, India has a requirement of investments worth USD 777.73 billion in infrastructure by 2022. This is expected to provide lucrative opportunities for the market. Polyurethane (PU) sealant acquired the highest market share in 2017 for bonding insulated glass. These high-grade solutions possess great impact and chemicals resistance. They are widely utilized across several industries, such as construction and automotive.

It requires a catalyst or an evaporation process with the help of air or heat, to complete the curing process. However, PU adhesives & sealants have some constraints like short shelf-life due to water absorption tendency and lengthy curing process. Silicone sealants segment is predicted to expand at the fastest CAGR during the estimate period on account of fast bonding speed and extreme weather resistance offered by these sealants. Silicone is considered as an ideal sealant for the colder temperature. Moreover, the longer lifespan as opposed to PU sealants is expected to drive the segment. Latin America is poised to witness significant growth in coming years. Booming automotive industry and increasing construction activities in the region are expected to drive the growth.

In addition, Latin American countries, such as Brazil, Mexico, and Argentina, are emerging as automobile manufacturing hubs owing to flexible regulations and availability of cheap labor. Major companies who have consolidated the market include Huntsman Corp., Henkel AG & Co. KGaA, Dow Corning, 3M Company, and Commerling. Acquisition and expansion are the key strategic initiatives undertaken by most of these companies to improve their market share and sustain competition. For instance, in January 2017, Momentive Performance Material acquired Sea Lion Technology, a U.S.-based chemical manufacturer. The deal comes as a part of business strategy to expand their silane manufacturing capacity.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-for-insulated-glass-market

Further key findings from the study suggest:

Polyurethane led the insulated glass adhesives & sealants market in 2017 with a revenue share of 31.9% owing to low cost and strong adhesion properties
In terms of volume, silicones are likely to witness the fastest CAGR over the forecast period due to high thermal stability and quick bonding speed offered by them
In terms of revenue, automotive & transportation segment is estimated to register the fastest CAGR of 7.2% from 2018 to 2025
Asia Pacific acquired the highest volume share of the global market in 2017 owing to rapid industrialization and increased construction activities in the region
Acquisition is a key strategy undertaken by the manufacturers to expand their product portfolio and gain competitive advantage

Unsaturated Polyester Resin Market Size Worth $18.9 Billion By 2027

The global unsaturated polyester resin market size is anticipated to reach USD 18.9 billion by 2027, expanding at a CAGR of 6.3%, according to a new report by Grand View Research, Inc. Developments in the building and construction and tank and pipes are likely to drive the demand for the isophthalic in these end-use segments. Increasing use of environment-friendly and energy saving products is also expected to influence the market, positively.

Favorable government regulations and initiatives to develop the infrastructure, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected to augment product demand over the forecast period. Some of the initiatives are LaGuardia and O’Hare airport construction project in U.S., Beijing Airport expansion in China, and Make in India initiative by the government of India.

Increased demand for the products which are capable of working in high-temperatures and corrosive environment is anticipated to foster usage in the building and construction end-use industry. Unsaturated polyester resin (UPR) composite has enabled consumers to pick end-use specific product from a wide range of options. The widening of product distribution channels has also made these products readily available to the users, thus acting as a driving force for the growth of the market for UPR.

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https://www.grandviewresearch.com/industry-analysis/unsaturated-polyester-resin-upr-market

Further key findings from the repot suggest:

Orthophthalic occupied the largest revenue share on account of its higher price and increasing usage in construction, electronics, and automotive sectors
DCPD emerged as the fastest growing product segment in Europe and North America as it exhibits properties such as high deflection temperature, high resistance to chemical corrosion, and high impact resistance
Rising demand for environment-friendly and energy saving products and solutions is expected to drive the unsaturated polyester resin (UPR) market
The marine end-use segment is projected to exhibit the highest CAGR over forecast period
Stringent environmental rules and regulations and focus on indoor air quality is anticipated to drive the market
Increasing investment from government and private institutions in the building and construction sector is projected to contribute to the demand for these resins
Key players include INEOS, BASF SE, Polynt, Koninklijke DSM N.V., U-PICA Company. Ltd., Eternal Materials Co., Ltd., Satyen Polymers Pvt. Ltd., Dow, UPC Group, Scott Bader Company Ltd., Tianhe Resin Co., Ltd., and LERG SA.

U.S. Contract Glazing Market Worth $11.5 Billion By 2027

The U.S. contract glazing market size is anticipated to reach USD 11.5 billion by 2027, registering a CAGR of 4.7% during the forecast period, according to a new report by Grand View Research, Inc. The growth in the commercial sector along with the increasing road accidents is anticipated to fuel the demand for contract glazing in the U.S.

Construction industry is the largest end user for contract glazing where the applications are spread across a wide range including both exterior and interior of the buildings. Exterior systems include curtain walls, storefronts, structural glass systems, sunshades, and panels, whereas the interior systems include doors and windows, mirrors, shower partitions, tabletops, bathtubs, and staircase railings.

According to the American Architectural Manufacturers Association (AAMA), storefront is the leading product over commercial windows and curtain walls for new construction and total non-residential buildings. With the increasing small-scale and large-scale buildings along with changing residential installation standards, glaziers are focusing on manufacturing storefronts and curtain wall systems that meet various requirements of regulatory bodies and consumers.

In the automotive aftermarket, flat glasses are widely used to repair and replace windshields, backlights, and mirrors. The Motor & Equipment Manufacturers Association (MEMA), a trade association for motor vehicle and mobility suppliers and parts manufacturers and remanufacturers in U.S., maintained and repaired more than 256 million vehicles, by April 2019. Thus, increasing construction activities, coupled with growing automotive aftermarket services, is anticipated to boost the demand for flat glasses in the country in near future.

Strategic partnerships and new product developments are popular strategies adopted by a majority of the players operating in the market for contract glazing. Key players including Benson Industries, Inc., Enclos Corp., and Harmon, Inc. are among the few vertically integrated from designing and engineering to fabrication and installation of curtain wall facade systems.

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https://www.grandviewresearch.com/industry-analysis/us-contract-glazing-market

Further key findings from the report suggest:

Insulated segment is expected to register the fastest CAGR of 4.9%, in terms of revenue, during the forecast period owing to increasing construction of hotels and office buildings in U.S.
Automotive accounted for a volume share of over 4% in 2019 considering the growing number of road accidents in U.S. leading to replacement of vehicle parts such as windshields and windows
Southeast U.S. held the largest volume share of over 25% in 2019, on account of the growth in the construction activities followed by high number of accidents in Florida, Kentucky, Alabama, and South Carolina
Tempered accounted for a volume share of 24.1% of the flat glass segment in 2019, considering its safety characteristics leading to its applications in the interior and exterior of buildings along with automotive aftermarket
The market is fragmented in nature with the presence of various key players such as Parmasteelisa North America; Enclos Corp; Benson Industries; Harmon Inc.; Gamma North America; and Binswanger Glass. Increasing customer base by opening new locations across the country is one of the strategic initiatives adopted by the key players

Active Insulation Market Worth $401.9 Million By 2027

The global active insulation market size is expected to reach USD 401.9 million by 2027, expanding at a revenue-based CAGR of 5.9%, according to a new report by Grand View Research, Inc. rising demand for insulation products to maintain the inner temperature in building structures is anticipated to drive the market over the forecast period. Moreover, increasing re-insulation activities under-insulated houses to save energy are further expected to support the growth.

The growing popularity of outdoor activities such as cycling, sports, workouts, and yoga are likely to ascend the demand for activewear and sportswear. This, in turn, is projected to support the market. Commercial availability of active insulating products coupled with their benefits including resistant to shrinking, stretching, and quick-drying are expected to aid the growth.

Increasing energy costs and growing consumer awareness regarding the economic benefits of building insulation are expected to have a positive impact on the market. Utilization of building insulation products such as glass wool and mineral wool is likely to accelerate in the estimated time owing to their benefits including easy installation, fireproof, and recyclable property.

Europe appeared as the largest regional segment with a share of 33.2% of the total market volume share in 2019. Favorable government regulations supporting the use of active insulation in building structures have benefitted the market in Europe. Increasing production of sportswear and activewear in countries like China and India are likely to aid the market in Asia Pacific.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/active-insulation-market

Further key findings from the report suggest:

The demand for glass wool product for building and construction applications is expected to witness a CAGR of 5.1% by revenue, from 2020 to 2027, on account of its superior heat insulation coupled with ease of application in the construction industry
Polyester emerged as the largest product segment for textile applications in 2019 and is estimated to generate revenue of USD 63.4 million by 2027 on account of efficient moisture handling, non-allergic, and non-itch property
Global expanded polystyrene (EPS) demand in building and construction was estimated at USD 56.7 million in 2019 and is anticipated to witness staggered growth over the forecast period due to improved performance
The U.S. market in sportswear application was estimated at USD 7.1 million in 2019 and is estimated to witness notable growth rate from 2019 to 2027 on account of increased adoption of such products
Key players including PrimaLoft, Inc.; Polartec; and Economical Building Systems dominated the active insulation market while accounting for over 65% of the total market share in 2019.