Permanent Magnets Market Worth $39.67 Billion By 2027

The global permanent magnets market size is expected to reach USD 39.67 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 7.5% in terms of revenue, during the forecast period. Increasing use of ferrite magnets in electronic and electrical devices, such as electric motors, earbuds, switching devices, laptops, transformers, inductors, smartphones, and signal processing devices is expected to drive the demand for permanent magnets.

Neodymium magnets are utilized in a majority of electronic devices such asHard Disk Drives (HDDs), CDs, DVDs, and earbuds owing to their high magnetic strength and ability to perform at a wide temperature range. According to Arnold Magnetic Technologies, the utilization of neodymium magnet in earbuds is approximated 0.2 grams per earbud. The increasing demand for earbuds and other electronic devices is anticipated to augment market growth over the forecast period.

High magnetization and superior performance of neodymium magnets at high temperatures make them suitable for use in generators in the energy sector. Therefore, neo magnets are increasingly used in the energy industry. Roughly 15% of the cumulative wind energy installations until 2015 were based on permanent magnets. According to the International Renewable Energy Association (IRENA), global wind energy capacity installation reached 563,726 megawatts in 2018. The increasing wind capacity installation is anticipated to augment the growth of the permanent magnets market.

In Asia Pacific, a rise in the production of electronics, passenger vehicles, and wind power generators is anticipated to increase the product application. Moreover, government initiatives such as Make in India by the Indian government, is leading the country to become the manufacturing hub in the region. Global manufacturing giants like Siemens (electric motor manufacturer), HTC (consumer electronics manufacturer), GE (Industrial motor and generator manufacturer), and Toshiba (Consumer electronics manufacturer) have either set up or in the process of establishing production plants in India. This is expected to significantly drive the demand for permanent magnets in the country.

Key market players include Hitachi Group; Arnold Magnetic Technologies; Adams Magnetic Products Co.; Molycorp, Inc.; Hangzhou Permanent Magnet Group; and Shin-Etsu. These companies are investing in capacity expansion and mergers and acquisitions to meet the growing demand from end-use industries. For instance, in June 2015, Daido Steel Company introduced a hot extrusion process to manufacture anisotropic Nd-Fe-B ring magnet named NEOQUENCH-DR, which is an isotropic bonded magnet mixed with SmFeN powder and resin bond.

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https://www.grandviewresearch.com/industry-analysis/permanent-magnets-industry

Further key findings from the report suggest:

Neodymium Iron Boron magnets is anticipated to progress at a CAGR of 7.8%, in terms of revenue over the forecast period owing to the increasing demand from electric motors, air conditioning compressors and fans and energy storage systems
Industrial application is projected to witness a CAGR of 5.8% in terms of volume over the forecast period owing to increasing demand for motors around the globe
Energy is among the fast growing segments in terms of revenue, owing to the increasing demand for renewable energy sources such as wind energy in which wind turbine generator uses permanent magnets
Asia Pacific is anticipated to expand at a CAGR of 5.8% in terms of volume over the forecast period owing to the growing automotive and electronics industries, especially in China, India, Japan, and South Korea
Europe is expected to witness a CAGR of 5.0% in terms of revenue over the forecast period owing to the rising demand for electric vehicles on account of stringent regulations reducing fuel emissions in the region

Tight Gas Market Demand To Reach 15,452.3 BCF By 2027

The global tight gas market demand is expected to reach 15,452.3 billion cubic feet (BCF) by 2027, ascending at a CAGR of 5.02% from 2020 to 2027, according to a new report by Grand View Research, Inc. The rise in government policies for clean fuel production, along with the deployment of advanced drilling technologies across several countries, is likely to drive the market over the forecast period.

Tight gas, a form of natural gas, is regarded as a reliable energy source for power generation and occupies the second-largest share of energy supply in the global electricity generation after coal. The share of tight gas is bound to increase over the coming years in response to the environmental and economic limits of coal generation, at least in countries where natural gas is a viable alternative. This heavy end-use application is expected to positively influence the tight gas industry landscape.

The tight gas supply chain includes production and processing, gas transmission and storage, and distribution to large volume customers, residential customers, and commercial customers. The convergence of multi-stage hydraulic fracturing and horizontal drilling has enabled the industry participants to produce natural gas from tight formations in an economic manner. The development of these advanced techniques is expected to strengthen the upstream segment of the supply chain.

Stable regulatory and fiscal policies, adoption of advanced technologies, decreasing drilling and well completion costs, along with growing investments from international market players, are among the key factors for sustaining the competitiveness of the tight gas industry. Moreover, the profitable production of tight gas depends on the accessible demand markets for it, such as electricity generation, industrial thermal sector, building thermal sector, and others.

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https://www.grandviewresearch.com/industry-analysis/tight-gas-industry

Further key findings from the report suggest:

The industrial application segment accounted for the largest market share in 2019 owing to utilization of tight gas in various applications in industries such as for production of fertilizers, chemical plants, iron and steel plants, and in various other industries
The power generation application segment is expected to expand at the fastest growth rate in the forecast period owing to rise in environmental concerns regarding coal-based power generation plants, coupled with major countries around the world switching towards natural gas-based power generation plants
North America occupied a dominant market position in 2019, with the U.S. being touted as the major contributor across the region. Development of advanced drilling technology, along with the presence of abundant tight gas reserves, is anticipated to propel the market growth over the forecast period in the region
The rest of the world is expected to witness the fastest growth over the forecast period. Countries such as China and Argentina are expected to dominate the region over the forecast period owing to the presence of favorable policies and financial support from the government for tight gas development
The transportation application segment is estimated to expand at a significant CAGR over the forecast period owing to rise in environmental concerns regarding the usage of diesel and gasoline fuel, coupled with a rise in the adoption of compressed natural gas (CNG) fueled vehicles in major countries around the world.

Shale Gas Market Size Worth $131.1 Billion By 2027

The global shale gas market size is expected to reach USD 131.1 billion by 2027, ascending at a CAGR of 8.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for cleaner combustion energy sources in several end-use applications is likely to drive the market over the forecast period.

Profitable production of shale gas, a natural gas trapped in shale formations, relies on accessible demand for it. It has technical characteristics that make it a very useful and flexible fuel, where the delivery infrastructure exists, and it has found uses in the building thermal sector, industrial thermal sector, and power generation. Recent macroeconomic shifts along with fuel supply competitive dynamics have caused the proportions to favor shale gas usage in power generation more and industrial usage less.

Shale gas contributes substantial energy to electricity generation and second only to coal in terms of the share of energy supply in global electricity generation. This share is expected to grow over the next few decades in response to the economic and environmental limits of coal generation, at least where natural gas is a viable alternative. This end-use application is expected to drive the market over the forecast period.

The shale gas supply chain includes production and processing, gas transmission and storage, and distribution to city gate, large volume customers, residential customers, and commercial customers. Development of hydraulic fracturing technology along with horizontal drilling technique is expected to boost economical production of shale gas, thereby strengthening the upstream segment of the supply chain.

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https://www.grandviewresearch.com/industry-analysis/shale-gas-industry

Further key findings from the study suggest:

North America occupied the largest market revenue share in 2019, with U.S. being the major contributor to the regional market. Abundant shale gas reserves along with development of advanced drilling technology are among the key factors influencing industry growth
Potential shale gas resources in China are attracting huge investments from major market players all over the world in order to extract and produce unconventional gas from the reserves
The power generation segment occupied the largest market share of 36.1% in 2019 owing to growing demand of natural gas in coal-to-gas electricity generation plants
The transportation sector is estimated to witness a significant CAGR owing to increasing number of Compressed Natural Gas (CNG) fueled vehicles across the automotive industry.

Waste Recycling Services Market Size Worth $80.30 Billion By 2027

The global waste recycling services market size is projected to reach USD 80.30 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% from 2020 to 2027. Rising awareness regarding proper disposal of waste to safeguard the environment and human health has resulted in the emergence of various disposal methods and techniques.

Growth in the urban population and rising disposable incomes are expected to promote the growth of the housing sector at the domestic level across the globe. As a result, improvement in the housing industry is expected to increase the penetration of these recycling services in the residential sector, which, in turn, is likely to boost the market growth over the forecast period.

Rising investments in various industries and stringent regulations pertaining to discharges from these industries are some of the key factors driving the demand for waste recycling services in the industrial applications across the globe. In addition, growing demand for agro-based products and organic foods is expected to stimulate the product demand over the forecast period.

Governments around the world are adopting the public-private partnership (PPP) model to match the operational expertise provided by the private sector. Government-led initiatives are anticipated to boost the market growth, which, in turn, is expected to generate increased demand for these services over the coming years.

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https://www.grandviewresearch.com/industry-analysis/waste-recycling-services-market

Further key findings from the report suggest:

In terms of product, the plastic recycling is projected to expand at the fastest CAGR of 7.1% from 2020 to 2027 owing to several initiatives taken by environmentalists, governments, and non-profit organizations to reduce plastic waste across the globe
By product, the electronic waste accounted for 16.7% share of the overall revenue in 2019 as manufacturers are focusing on recycling, disposing, and reusing to ensure a sustainable future both in developed and developing economies
By application, the municipal segment held the largest share of 60.2% in 2019 owing to rising investment in waste recycling services in the municipal sectors of developing economies, including India, Turkey, China, Bangladesh, and Thailand
Asia Pacific is projected to witness robust growth over the forecast period due to rapid industrialization, increasing population, and economic growth, resulting in increased waste generation over the coming years
The market has been witnessing key developments by the key players in terms of technological advancements and sustainability in order to save the operational cost and increase the profit margins.

Eco Fibers Market Size Worth $69.0 Billion By 2025

The global eco fibers market size is expected to reach USD 69.0 billion by 2025, as per a new report by Grand View Research Inc. expanding at a CAGR of 9.2% over the forecast period. Rapidly growing online fashion retail, rising disposable income, and development of high-quality innovative fabrics are some of the key factors expected to aid the industry growth over the forecast period.

The industry has observed a highly labor-intensive value chain, where labor cost plays a crucial role from farming to fabric processing. Manufacturers are shifting their focus to establish cost-effective structure by achieving economies of scale, which is expected to lead to heavy reliance on machinery and equipment.

Eco fibers are rapidly gaining popularity in designer garments and apparels. Continuous advancements in terms of the development of eco fiber textiles offering absorbent, antimicrobial, highly breathable, hypoallergenic, UV resistant, and insulating characteristics are anticipated to promote their importance in clothing market over the projected period.

Ascending demand for synthetic fibers that are cheaper than organic cotton is likely to emerge as a restraining factor for eco fiber-based textile industry in the coming years. Furthermore, subsidies for synthetic fiber plants are expected to lower their prices, thereby affecting the eco fiber-based textile market.

Market participants are expected to focus on R&D and extensive marketing business strategies in order to compete with the established players. Marketing activities are anticipated to play a crucial role in spreading awareness regarding the benefits of organic products across various end-use industries.

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https://www.grandviewresearch.com/industry-analysis/eco-fiber-market

Further key findings from the report suggest:

Regenerated eco fibers dominated the market and accounted for 52.7% of market revenue in 2018, owing to the increasing emphasis on sustainable disposal of textile and industrial waste to minimize its harmful effects on humans and the environment
Textiles application is estimated to witness fastest growth over the forecast period, growing at a CAGR of 9.9% in terms of revenue from 2019 to 2025, owing to rapidly increasing demand for clothes/garments driven by population increase
Asia Pacific accounted for the revenue share of 32.4% in 2018 with the growth expected to be driven by an increase in the number of trade agreements such as Trans-Pacific Strategic Economic Partnership Agreement
The market for eco-fibers in the U.S. generated a revenue of USD 8.96 billion in 2018 and is expected to witness a rapid growth over the forecast period, owing to increasing demand for eco fibers for furniture and bedding applications
The eco fibers market is fragmented in nature, owing to the presence of large international players who are emphasizing on expanding their global footprint in order to cater to a larger consumer base

Natural Gas Generator Market Size Worth $10.87 Billion By 2025

The global natural gas generator market size is projected to reach USD 10.87 Billion by 2025, registering a CAGR of 10.7% over the forecast period, according to a new report by Grand View Research, Inc. growing demand for back-up power coupled with increasing government regulation to reduce the carbon emission caused by diesel generator is likely to strengthen the growth for the natural gas genset market during the forecast period.

The global electricity demand is anticipated to witness an increase of nearly two-thirds the current demand over the forecast period. The current availability of natural gas in large quantities and its relatively lower prices, especially in regions such as North America and Europe, have led to an increase in power generation using natural gas.

Increasing focus on electricity generation through cleaner sources and environmental concerns arising from diesel generators are the factors anticipated to increase the share of natural gas generator set in the coming years.

Conventional generators such as diesel generator emit harmful gases including nitrogen oxide, hydrocarbons, and carbon monoxide due to the combustion of diesel. Due to this, different regulatory bodies have imposed stringent regulations that pose a barrier to the usage of diesel generators. This, in turn, has resulted in the growth of eco-friendly alternatives of diesel generators such as natural gas generator.

Emerging economies in Asia Pacific region such as India, China, Japan and others have witnessed a strong growth in commercial sectors. IT, telecom and retail sector, resulting in the growth of demand for natural generators over diesel generator for back-up power application owing to the increasing stringent government regulation to curb greenhouse gas emission caused by diesel generator.

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https://www.grandviewresearch.com/industry-analysis/natural-gas-generator-market

Further key findings from the report suggest:

Low power generator accounted for the largest market share in power rating segment with USD 2,321.7 million in 2018. Low power generator are very popular for residential and commercial power backup operation. Due to growing urbanization, national grids are getting pressurized which is resulting in the increased demand supply gap for power which is eventually driving the demand for natural gas generator market.
Medium power generator in power rating segment is projected to grow at highest CAGR during the forecast period. Increasing demand from emerging economies such as China, India and Brazil for back -up power system which uses clean fuel, for commercial and industrial application are a major driver for medium power generators.
For application segment, commercial segment accounted for the largest market share in 2018 and is projected to grow at highest CAGR during the forecast period Developing economies in Asia Pacific have witnessed strong growth in commercial sectors. IT, telecom, and retail are some of the major sectors that are growing rapidly in developing countries of Asia Pacific, resulting in a high demand for natural gas generators as natural gas generator are crucial for back-up power in these facilities.
North America accounted for the largest market share in 2018. The abundance of natural gas in the U.S. coupled with developed infrastructure for transportation of natural gas within the country has played a vital role in driving the demand for gas generator sets in the U.S.
Asia Pacific market is forecasted to witness highest growth during the forecast period and is projected to be valued at USD 2.84 billion by 2025. High growth of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial generator sets in the region.
The establishment of heavy equipment, oil & gas, and process companies in China owing to low labor and utility costs has been one of the factors responsible for the growing penetration of gas generator set in the region.
Some of the significant industry participants include Cummins Inc., Caterpillar Inc., Kohler co. Inc., Mitsubishi Heavy Industries, Ltd., MTU Onsite Energy, Generac Power Systems, Inc., Cooper Corp., General Electric, Yanmar Co., Ltd, Mahindra Powerol, and others. These players have adopted various organic and inorganic growth strategies to expand there product portfolio and geographical footprint.

Lubricants Market Size Worth $167.5 Billion By 2027

The global lubricants market size is projected to reach USD 167.5 billion by 2027, expanding at a CAGR of 3.6%, according to a new report by Grand View Research, Inc. The demand for lubricants is driven by the growth in major end-use industries, especially marine and aerospace. However, the consumption was dominated by the industrial and automotive sectors together contributing to a market share of 93.1% in 2019.

Aerospace lubricants are projected to lead the growth as they provide long-lasting lubrication for various components and increase reliability, in order to operate efficiently in extreme temperatures and high vacuum. The aerospace components have high maintenance due to the increasing regulatory interventions, owing to their ability to carry a large number of people. In addition, aircraft are gaining high demand from the defense industry and lubricants are of utmost importance to make these vehicles compliant with specific military standards. The demand for aircraft is projected to witness positive growth due to the rise in defense budgets. Countries including U.S., India, Germany, and Brazil have made a considerable progress in defense, which is projected to boost the aerospace industry globally.

The aerospace lubricants find significant application in pistons as they reduce over 50.0% of the friction and contribute to better fuel efficiency. The substance also acts as a viscosity improver, sealant, and coolant in engine assemblies. Straight mineral oil with zero dispersants is usually recommended by manufacturers for the first 50-hour break-in period on new or newly overhauled engines.

On the other hand, the marine industry in North America is experiencing a renaissance and has a major contribution to national, economical, and homeland security. The domestic marine transportation industry is a major support for the energy infrastructure with the movement of refining petroleum, crude products, and chemicals, especially after the shale oil revolution. The shipbuilding industry is growing at an accelerated rate. The construction of several types of vessels which include roll-on/roll-off vessels, offshore supply vessels, containers has greatly increased in recent years, thereby boosting market growth.

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

Further key findings from the report suggest:

Aerospace led the market in terms of growth due to the rise in production of commercial aircraft. The production of aircrafts is growing due to the increase in lavish lifestyles among middle class population across the globe
Gas turbine oils are the most widely consumed aerospace lubricants with a share of 42.2% in terms of value in 2019. The oil allows faster piston ring seating and allows the accumulation of some advantageous deposits which lead to better oil loss control. These factors are expected to further boost product demand over the forecast period
The global trade of lubricants is divided into three major blocks comprising of European chemical trade, ASEAN trade, and North America free trade area. The European and North American blocks account for around 40.0% of the overall trade
Latin America is projected to formulate several trade strategies in order to attract Foreign Direct Investment (FDI) for the infrastructure development and is thus expected to witness a CAGR of 3.5% from 2020 to 2027
Royal Dutch Shell leads the market with an overall share of 11.0% followed by ExxonMobil Corporation with 9.7% market share. Currently, Royal Dutch Shell operates 5 base oil facilities, 40 blending facilities, and 10 grease plants.

Cellulose Fibers Market Size To Reach $48.37 Billion By 2025

The global cellulose fiber market size is expected to reach USD 48.37 billion by 2025, at a CAGR of 9.1% according to a new report by Grand View Research, Inc. The increasing gap between the demand and production of natural cellulose fibers across various end-use industries is the major factor for the growth of the market. In addition, the rise in textile & apparel industries in developing and emerging economies is also anticipated to fuel the global market growth.

Natural fibers have been one of the most essential needs of mankind to survive and thrive since time immemorial and it will continue to do so. Modern times has brought several changes in the way we use natural fibers and has increased our potential to use it effectively while we go on about our day-to-day lives. Cellulose fiber forms a major part in this natural fiber market and has proved important to increase the demand in the market manifolds.

Natural fibers are widely used in textile industries since ages. Wool, hemp, and flax derived from vegetable & plants are the oldest fibers used in textile. Initially, these fibers were discovered in South East Asia and Egypt. With improved communication and transportation, skills related to textile manufacturing spread across the globe and were adapted according to the capabilities and needs of the various nations. During the industrial revolution, the machines used for processing natural fibers were encouraged, resulting in the upsurge in fiber production.

Cellulose is a polymeric sugar polysaccharide made up of repeating 1,4-8-an hydro glucose units connected to each other by 8-ether linkages. Strong intermolecular forces between chains, coupled with the high linearity of the cellulose molecule, account for the crystalline nature of cellulosic fibers. Cellulose is an important structural component of the primary cell wall of green plants, many forms of algae and the oomycetes.

Cellulose is the most abundant organic polymer on Earth. The cellulose content of cotton fiber is 90%, that of wood is 40–50%, and that of dried hemp is approximately 57%.

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https://www.grandviewresearch.com/industry-analysis/cellulose-fibers-market

Further key findings from the report suggest:

Asia Pacific is the largest market for cellulose fibers closely followed by Europe. Fibers manufactured, consumed, and exported by countries present in the Asia Pacific have been established in the upper-quality segment of the world of textile fibers. China, India, Japan, South Korea, Pakistan, Taiwan, and Indonesia are the major market in the region. These countries are involved in manufacturing and trade of fibers, which are used across various end-use industries. Vietnam and Bangladesh are the potential future market for the product. Population growth and rise in the per-capita income in the Asian markets are the major factors for the growth in the region. Textile & industrial sector was the largest segment for the cellulose fibers globally. Textile is the largest sector to hold the usage of cellulose fiber and it can be seen from the below pie chart.
Overall industry is fragmented and competitive in nature with large as well as small players in the market. Major participants include Lenzing AG, Sateri, Kelheim Fibres GmbH, Grasim Industries Limited, Fulida Group Holdings Co., onLtd, China Bambro Textile (Group) Co. Ltd, CFF GmbH & Co. KG, CreaFill Fibers Corporation, International Paper, and GrupoSniace.
The natural origin cellulose fibers have outstanding properties for instance, moisture management and absorbency. The production process for these man-made fibers provides them purity and, uniform quality. In addition, they are cost-effective, have low density, eco-friendly, and biodegradable. Demand in the textile industry and rising prosperity will drive the growth of the cellulose fiber industry.

Insulating Glass Market Size Worth $4.26 Billion By 2025

Insulated glass consists of 2 or more glass windowpanes that are separated by a gas filled space or vacuum, in order to reduce heat transfer across the building envelope. It is commonly referred as single glazing, double glazing or triple glazed glass. It belongs to the category of value addition products which not only improve the aesthetics but also play a major role in reducing the energy consumption inside the building. The thermal insulation provided by them is expected to reduce the costs spent on air conditioning by around 30%. The air spacing material, sealants, and desiccants are its important components. The choice of sealants and desiccants has a major impact on the cost of insulating glass.

The process of manufacturing insulating glass is extremely cost intensive and its installation adds up to the costs. However, the longevity of the installation is generally profitable in terms of costs saved on energy consumption and the resulting carbon emissions from this usage. Insulated glass is recyclable, which means even at the end of its lifecycle the valuable resource is never lost. Also, to be effective, the glass needs to be sealed with a silicon sealant so that air between the glass panes is not leaked. If that happens, the glass will degrade over time and will have to be completely replaced, as it cannot be repaired.

An Efficient Solution

A study was conducted a while ago about how much the European economy would be benefitted by the installation of energy efficient glass. Results showed that installation of energy efficient glass such as insulated glass would result in the rise in employment by about 70 person-years. If the energy efficiency of a residential building increases, then it directly has a positive impact on the fuel poverty.

The main purpose that the insulating glass fulfils is in insulation by reducing both the gain and loss of heat. The energy efficiency of the building rises and power consumption is reduced significantly. With the use of reflective coatings and low e-glass, the heat transfer can be further reduced. The glass provides insulation in the aural sense too, as besides cutting out outside noise, it helps in improving the acoustics of the place. UV rays from the sun are also minimized, which otherwise can cause fading of colors of different objects in the room such as paintings, curtains and photos. The window is also much more secure than a normal single-pane window, as it is much harder to break.

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https://www.grandviewresearch.com/industry-analysis/insulated-glass-market

Further key findings from the report suggest:

The new product development in the insulated glass market is the major influencing factor which is expected to boost demand for this product.
Rapid construction, along with the awareness about the importance of energy conservation is expected to propel market growth.
The heat insulating properties provided by the insulting glass is expected to boost demand for insulated glass in cooler regions.
LEED (Leadership in Energy and Environmental Design) is a popular certification program for green buildings used globally, and with the growing popularity of the green building concept, this certification is highly desired by organizations, which positively affects the market.
The non-residential construction is expected to be a major consumer of acoustic insulated glass. The insulated glass is combined with other types of flat glass such as laminated and tempered glass to obtain the necessary properties.
Acoustic insulating glass is highly desired in cities with space crunch, as they help to cut out noise, while also being energy efficient, and with cities becoming increasingly starved for space, it is expected that consumers will make a beeline for these glasses.
The industry has few big-name manufacturers such as NSG(Pilkington), Saint-Gobain, Guardian Glass and Viracon, along with some others such as Cardinal Glass, Vitro Architectural Glass, Tower Insulating Glass Inc., Strathclyde Insulating Glass, Eco Glass, JE Berkowitz, United Plate Glass Company, Fuso Glass, Bystronic Glass and Ann Arbor Glass.

Fiberglass Flooring Market Size Worth $987 Million By 2025

Fiberglass Flooring Market is expected to reach USD 987 million by 2025, according to a new report conducted by Grand View Research, Inc. Fiberglass exhibits superior properties compared to felt backing including longer lifespan and non-allergen and this is anticipated to increase its usage tremendously over the upcoming years. Moreover, its weight and bulk strength are better than many metals, and it can be easily molded into complex shapes which are projected to aid in market augmentation.

In these modern times, one’s residence is not just a place to live in comfortably but also a sign of the owner’s social status. With increasing disposable income in the world all around, standard of living is also rising exponentially. A good interior design of the house is a sign of comfortable living along with being a mark of high standard of living; and fiberglass floorings are becoming an essential part of home interior design, not just because of the aesthetic value but also due to several other properties which makes it indispensable for a comfortable home.

Market Dynamics

The growing population and increasing per capita income coupled with rapid urbanization are expected to drive the market demand. Moreover, the rapid growth of the industrial sector is projected to spur the product’s usage for the construction of offices and facilities, which in turn, will aid market development over the upcoming years.

The growing commercial construction sector in India is expected to spur the growth of the fiberglass flooring market. Moreover, the continuing trend of economic development and population growth in the country is expected to drive the requirement for residential buildings, which in turn, will stimulate market expansion.

Recent worldwide pandemic of COVID-19 has hurt the global economy position and pushed it into a recession. This is going to cast an inhibiting shadow on the growth of fiberglass flooring market.

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https://www.grandviewresearch.com/industry-analysis/fiberglass-flooring-market

Further key findings from the report suggest:

Eliane Coatings unites its nearly expertise 60 years in the Brazilian ceramic tile industry to the global reach of the Mohawk Industries, Inc. in a transaction involving the sale of 100% of the shares of Santa Catarina industry for the US group. With the deal, the Brazilian company accelerates its strategic plan for growth and investment, what the medium and long term an increase in the number of jobs and productive capacity of the six plants located in Santa Catarina (Cocal do Sul and Criciúma) and Bahia (Camaçari), and the strengthening of the distribution center in Dallas, USA.
Mannington Mills announced that it has signed an agreement to acquire Phenix Flooring and Pharr Fibers and Yarns from Pharr USA. This acquisition is Mannington’s first foray into the residential carpet business.
The Dalton, Ga.-based Shaw Industries, already the largest North American carpet tile manufacturer, announced that it has bought Scotland-based Sanquhar Tile Services (STS) to expand its presence in the growing carpet tile market in the United Kingdom.
Tarkett, a global leader in flooring and sports surface solutions, announced it has completed the acquisition of Lexmark Carpet Mills. The addition of Lexmark to the North America division enables Tarkett to establish a robust hospitality business that leverages both companies’ broad product portfolios, strategically positioning the company to better serve the complete needs of its hospitality customers.
Industry participants are investing in strategies such as alliances and partnerships for sustaining and strengthening their positions in the global market. The key industry players include IVC Group (Mohawk Industries), Mannington Mills, Inc., Shaw Floors, NOX Corporation, Milliken, Armstrong World Industries, Gerflor, and Tarkett.