Cryogenic Insulation Market Worth $2.9 Billion By 2025

The global cryogenic insulation market size is expected to reach USD 2.9 billion by 2025, expanding at a CAGR of 6.5%, according to a new report by Grand View Research, Inc. Rising preference for low temperature insulation from various application industries including energy and power and metallurgy is likely to propel the market growth.

The growth of aerospace and space exploration industries across the economies is anticipated to fuel the demand for cryogenic insulation systems. In addition, rising demand for LNG as an environment friendly alternative to the conventional energy resources has resulted in high demand for cryogenic engines, pipes, valves, and storage tanks.

Increasing R&D spending by the major players is expected to have positive impact on product enhancement and differentiation strategies. In addition, the participants are focusing on developing novel materials for higher efficiency and lower operational costs. Also, the players are pooling their technology and resources together in order to serve the rising demand.

North America and Europe are anticipated to dominate the market on account of the rising offshore gas production in order to cater the rising demand from various application industries. In addition, the rising LNG/LPG transportation across the regions is further likely to propel the market growth.

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https://www.grandviewresearch.com/industry-analysis/cryogenic-insulation-market

Further key findings from the report suggest:

PUR and PIR accounted for the largest market share of 42.9% in terms of revenue in 2018, owing to its wide range of applications in gas liquefaction and regasification industry
LPG/LNG transport and storage industry dominated the market in 2018 and is estimated to reach USD 1.5 billion by 2025, due to rising demand for LNG or LPG from various sectors including automotive and power generation
North America is anticipated to emerge as one of the prominent regions for the industry over the forecast period and is projected to account for USD 699.9 million by 2025 on account of the rising offshore oil production in countries such as the U.S.
Cryogenic insulation market in China is projected to exhibit a CAGR of 6.5% from 2019 to 2025 on account of the rapid industrialization and rising disposable income
Market participants across the globe have increased their R&D spending in order to develop high performance insulation for various applications.

North America Wood Flooring Market Size Worth $5.2 Billion By 2027

The North America wood flooring market size is expected to reach USD 5.2 billion by 2027, according to a new report by Grand View Research Inc., expanding at a CAGR of 1.5% from 2020 to 2027. Rising expenditure on renovation and remodeling of old housing structures is anticipated to drive the market over the forecast period.

Increasing demand for aesthetically superior and durable floor covering solutions, and consumer trends in floor design have been critical in the growth of the market over the past few years. The expansion of office and workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to market growth.

The significant and continual growth of high-end residential housing structures, and the subsequent and growing preference of single-family housing structures are driving the demand for wood flooring in the North America region. Furthermore, the advent of engineered wood has significantly reduced the cost of wood flooring, thereby providing a major boost to product adoption.

The rising importance of e-commerce portals in an attempt to ensure the supply of finished goods to buyers due to benefits such as price discounts and timely delivery of products to buyers may promote the purchase of wood flooring through online retailers, such as WeShipFloors, Fantastic-floor, and Wood Floors Online.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/north-america-wood-flooring-market

Further key findings from the report suggest:

In Canada, the maple wood segment is expected to expand at a revenue-based CAGR of 1.1% over the forecast period on account of the growing demand for simple, understated flooring pattern and the domestic availability of maple wood logs
In 2019, the commercial application segment in the North America region was valued at USD 1,013.0 million owing to the wide-ranging adoption of wooden flooring in institutional buildings, offices, libraries, basketball courts, and auditoriums
In Mexico, the engineered wood segment is anticipated to reach USD 333.3 million by the year 2027 on account of growing demand for aesthetically pleasing and highly durable buildings and cost-effective decorative products within the country
In the U.S., the solid wood segment is expected to expand at a revenue-based CAGR of 1.1% over the forecast period owing to growing investment in the redevelopment and reconstruction of old residential and heritage buildings in the country
Manufacturers are continually engaged in expanding their product portfolio, accompanied by installation services and training programs, for installation workers and after-sales support to the clients.

Medium Density Fiberboard Market Size Worth $61.3 Billion By 2027

The global medium density fiberboard market size is expected to reach USD 61.3 billion by 2027, expanding at a CAGR of 6.6%, according to a new report by Grand View Research Inc. Growing product utilization as a low-cost alternative to the plywood and wooden panels is likely to support the industry.

Medium density fiberboard (MDF) panels find use in numerous applications such as siding, flooring, window panels, and door panels in the construction industry. These panels have the potential to replace other construction materials including cement, glass, plywood, and plastic in the aforementioned applications. As a result, the growth of the construction industry is expected to have a positive impact on the demand for the panels over the forecast period.

Medium density fiberboard panels are recyclable and readily available in the market in various types and sizes, at competitive prices. Innovations in the traditional woodworking industry to produce furniture from more sustainable products coupled with the growing demand for ‘do-it-yourself’ modular furniture products are anticipated to have a positive impact on MDF market growth.

Medium density fiberboard products are progressively replacing plywood products in the furniture-making industry. Major manufacturers are working on developing customized fiberboard products to satisfy specific requirements stated by furniture manufacturers. Additionally, industry players have established long term supply contracts to offer better pricing and plan their production activities.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/medium-density-fiberboard-market

Further key findings from the report suggest:

The E0 segment is expected to ascend at the fastest volume-based CAGR of 6.3% over the forecast period on account of growing consumer awareness pertaining to the health hazards caused due to high levels of formaldehyde emission
In 2019, the revenue for furniture application in the Asia Pacific region stood at USD 14.2 billion and is projected to witness an significant growth over the estimated period owing to rising demand for the affordable modular furniture products in the region
In North America, the demand for E1 type MDF is anticipated to witness a volume-based CAGR of 3.9% pace owing to the adoption of stringent formaldehyde emission norms in U.S. and Canada
The standard MDF segment is likely to witness a revenue-based CAGR of 4.5% in Middle East and Africa owing to rising product utilization in the production of luxurious, aesthetically appealing, and high-end furniture units
Implementation of strict formaldehyde emission norms in Europe and North America are driving the prominent players in the market including Kronospan Limited and Nordbord Inc. to produce MDF with low formaldehyde emission properties.

Natural Stone Slab Market Worth $59.9 Billion By 2027

The global natural stone slab market size is expected to reach USD 59.9 billion by 2027 registering a CAGR of 3.5%, according to a new report by Grand View Research, Inc. The rapid expansion of the construction industry is projected to boost the demand for natural stone slabs, thereby driving the market growth. Natural stone slabs add aesthetic beauty to the architectural constructions and help enhance the strength and durability of the structure, which boosts the overall demand. Moreover, the product offers resistance to slip, which is projected to further fuel the market growth. The architectural buildings and the construction processes are undergoing drastic changes.

Natural stone slabs help in achieving several textures and designs providing an aesthetic appeal to the floors and walls. The growing use of the product to beautify the architectural structures is likely to benefit the industry growth. Expansion of the residential construction across the developing economies, such as China, India, and South Korea, on account of the rising population, is projected to augment the product demand. In addition, rising investments in infrastructure development in the developed economies are projected to fuel market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/natural-stone-slab-market

Further key findings from the study suggest:

Granite is estimated to be the fastest-growing product segment at a CAGR of 4.2% from 2020 to 2027 on account of rising demand in kitchen applications
The limestone product segment is estimated to expand at a steady CAGR over the forecast period due to high product demand in the flooring applications
The residential application segment accounted for the largest share of over 56% in 2019 and is projected to record the fastest CAGR from 2020 to 2027 owing to the increased product penetration in the construction industry
Asia Pacific is projected to be the largest as well as the fastest-growing regional market from 2020 to 2027 owing to the rapid expansion of the residential and commercial construction sectors in the emerging economies
China held the highest share of the APAC regional market on account of the expansion of the residential and non-residential sector in the country

Glass Curtain Wall Market Worth $79.0 Billion By 2027

The global glass curtain wall market size is expected to reach USD 79.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% over the forecast period. Growing product adoption in the construction of modern buildings and improvements in the installation technology is anticipated to drive the market over the forecast period.

Rapid urbanization and increasing employment opportunities in emerging economies of China, India, Vietnam, and Indonesia are driving the commercial construction industry. Moreover, the growing adoption of modern architectural designs and a rising preference for building structures with modern looks are expected to boost product demand in the Asia Pacific.

Growing investment in the construction of green buildings is one of the major factors driving the adoption of a glass curtain wall system. Furthermore, improvements in glass glazing technology and the growing adoption of Building Integrated Photovoltaics (BIPV) systems are anticipated to positively impact market growth over the forecast period.

Manufacturers are actively working on improving the thermal and energy efficiency of the glass curtain wall systems. Moreover, the advancements in glassmaking technology have enabled the production of large-sized glass panes, thereby providing a seamless and minimalistic look to the building structure and reducing the probability of leakage owing to minimal seam joints.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/glass-curtain-wall-market

Further key findings from the study suggest:

The stick system type segment is expected to witness a revenue-based CAGR of 5.9% over the forecast period on account of its rising adoption in the construction and renovation of shopping centers, office buildings, and low rise structures
In 2019, the revenue for the public end-use segment in Europe stood at USD 3.3 billion owing to its wide-ranging adoption in the construction of various government and institutional buildings such as offices, libraries, auditoriums, and train stations
In China, the residential end-use segment is anticipated to witness a revenue-based CAGR of 9.4% over the forecast period on account of growing product installation in the construction of residential structures such as apartment complexes and single-family homes
Unitized system type segment in Europe is expected to witness a revenue-based CAGR of 6.0% over the forecast owing to the growing demand for the energy-efficient facade systems and rising adoption of BIPV in the region
Manufacturers are continually engaged in expanding their product portfolio along with introducing new and advanced technologies and provide installation services and after-sales support to the clients.

Modular Construction Market Size Worth $174.6 Billion By 2025

According to a recent report published by Grand View Research Inc., increasing emphasis on enhancing safety at construction sites and growing focus in incorporating ‘greener’ building solutions are expected to drive the market over the forecast period.

According to a report, “Modular Construction Market Size, Share & Trends Analysis Report By Type (Permanent, Relocatable), By Application (Residential, Commercial, Industrial, Healthcare), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global modular constructionmarket size is expected to reach USD 174.6 billion by 2025, registering a CAGR of 6.5%, as per a new report by Grand View Research Inc.

The modular construction process involves prefabrication of modules at an offsite location in a controlled environment, resulting in reduced time for the completion of building projects. This process allows limited wastage of raw materials and planned inventory usage thereby, significantly minimizing the investment required for building activities. Assembly lines for modular construction help producers streamline raw material purchasing and inventory management.

Modular constructions are supervised regularlyand can be easily recycled or replaced during renovation activities, thus, making them more user-friendly. Permanent modular construction segment in Sweden accounted for the largest revenue share of 69.1% of the overall market in 2018. This can be attributed to increased demand for residential wooden housing structures in the region.

The industry players are focused on targeting developing economies such as China, India, and Southeast Asian countries that have a vast population –base and to tap robust opportunities in the building sector. Increasing efforts by companies to adopt the latest technologies such as building information modeling (BIM) and 3D printing for optimizing offsite activities are projected to have a positive influence on the industry growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/modular-construction-market

Modular Construction Market Report Highlights

The demand for offsite construction specialist has witnessed a strong progression in the past few years, owing to significant growth with modular apartments and particularly the development of rapid building solutions for homelesshousing
Despite the unstable market conditions in 2020 due to Covid-19, the modular construction industry has witnessed a steady growth and demand from key sectors of hospitality, technology advanced manufacturing, and healthcare. With end of Covid-19 restrictions in sight and the presence of a strong product pipeline the market will continue its growth in the coming years
The Middle East construction environment has witnessed a shift in the building methodologies. And modular construction has been touted as the future of constructing large scale building infrastructures. For instance, Amana DuBox’s projects in the regionhighly prefer prefabrication and modular construction
The Covid-19 pandemic has brought a heavy blow to the UK construction market and developers have been impelled to rethink the labour-intensive traditional construction activities. It requires 67% less energy unlike the conventional method and has a positive influence the carbon footprint
The U.S. accounted for 79.3% of the regional market in 2018, owing to its extensive application in healthcare industry by public and private infrastructure
The residential application segmentis projected to advance at a CAGR of 6.9% during the forecast period due to surge in residential housing construction activities, particularly in Asia Pacific countries like India and China