Industrial Fasteners Market Analysis Of Opportunities Offered By High Growth Economies

San Francisco, 3 Oct 2018: The global industrial fasteners market is expected to reach USD 134.20 billion by 2025, according to a new report conducted by Grand View Research, Inc. The growing demand for automobiles, electronics appliances, aircraft, industrial machinery, and medical equipment will drive product demand over the upcoming years. Furthermore, increasing government spending on infrastructure and machinery sector is expected to aid in the market expansion.

The usage of industrial fasteners in maintenance, repair, and overhaul (MRO) industry will foresee substantial revenue growth at a CAGR of 5.3% from 2016 to 2025. Rising MRO activities in various sectors including automotive, aerospace, electronics, construction, and electrical will increase market size. The growing requirement for enhanced efficiency from machines is anticipated to fuel the need for MRO activities, which in turn is expected to spur the industrial fastener demand over the upcoming years.

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Further key findings from the report suggest:

• The industrial fasteners industry is projected to grow significantly at a CAGR of 5.7% on account of their increasing application in automotive and construction industries in emerging countries such as China, India, South Korea, Brazil, Thailand and Saudi Arabia
• North America accounted for 20.9% of the global revenue share in 2015 and is projected to show growth on account of rising usage of the product in the aerospace and automotive sectors over the upcoming years. Moreover, the presence of the large automotive manufacturers, such as Chrysler, Dodge, Jeep, Ford, Chevrolet, Buick, Cadillac, and Lincoln, will drive demand over the forecast period.
• Other standard fasteners are expected to witness considerable revenue growth at a CAGR of 5.4% from 2016 to 2025 owing to increasing usage in various applications including medical equipment, electronics, industrial controls, furniture, and appliances
• Machinery OEM application is anticipated to show substantial growth over the upcoming years in light of increasing fastener usage in textile machinery, rubber, sugar machinery, metallurgical equipment, cement machinery, and dairy machinery. The market is estimated to be worth USD 24.69 billion by 2025
• The industry is highly fragmented and competitive in nature with small and large scale manufacturers in the U.S., China, Japan, Germany, and India. Dominant players include Nifco, ITW, LISI Group, Alcoa and Precision Castparts Corporation.
• In October 2016, ATF went into licensing agreements with EJOT for FDS, DELTA PT, FLOWpoint, and SHEETtracs. This deal is expected to help the company in providing high-performance light-weighting solutions.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Electrosurgical Devices Market Has Growth Due To Improved Safety & Ease Of Use

San Francisco, 3 Oct 2018: The global electrosurgical devices market is expected to reach USD 7.2 billion in 2025, according to a new report by Grand View Research, Inc. Shifting focus of surgeons from conventional surgical procedures toward minimally invasive procedures, such as electrosurgery, and growing competition amongst the participants have high impact on the market’s growth. Entry of local companies in the developing regions is expected to fuel the global market due to availability of affordable equipment.

Electro surgeries are preferred over conventional procedures owing to advantages such as improved safety and ease of use. These advantages enable the use of such surgeries in sensitive procedures such as those related to neurology and ophthalmology. Electrosurgery is being used in various disciplines, such as gynecology, urology, gastroenterology, and general surgery. In addition, latest electrosurgical equipment enables the performance of procedures outside the operating room. Thus, the demand for these equipment is expected to rise in various disciplines during the forecast period. The growth is expected to experience impediment due to factors such as lack of skilled professionals and high price of the devices. Furthermore, most of the electrosurgical devices are categorized as Class III devices, which take considerably longer time for approval.

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Further Key Findings From the Study Suggest:

• The study suggests that bipolar segment captured the largest share in 2015 and is expected to dominate throughout the forecast period
• Growing preference for bipolar electrosurgical devices over monopolar is a result of the advantages of the former, such as safe to use, convenience, and affordable prices. Monopolar equipment is still being used in minor surgeries and has the advantage of easy tissue cutting over bipolar equipment.
• Active electrode segment captured the largest share in 2015 and is expected to witness highest growth rate as compared to other products
• The introduction of innovative and technologically advanced electrodes and growing trends of using disposable electrodes are the factors driving the segment growth
• North America dominated in 2015, with the U.S. capturing the largest share
• Presence of a large number of players and high adoption rate of advanced medical devices are the factors driving growth in North America
• Few of the major companies operating in the market include ATMOS, Inc.; Bovie Medical Corporation; Parkell, Inc.; Covidien plc; Olympus Corporation; Ethicon, Inc; Boston Scientific; B. Braun Melsungen AG; Kirwan Surgical Products, LLC; and Smith and Nephew.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Temperature Sensitive Coating Market Scale Worth $362.8 Million By 2024

San Francisco, 3 Oct 2018: The global temperature sensitive coating market value is expected to reach USD 362.8 million by 2024, according to a new report by Grand View Research, Inc. Growing applications scope in traffic road marking and the automotive industry is expected to drive product demand over the forecast period. Temperature sensitive coating has been widely used in thermometer labels including fridge, nursery, forehead and aquarium thermometers.

Rising product demand in the household sector, particularly in economies such as Brazil, India, China and Vietnam owing to growing consumer disposable income, is expected to drive the market growth over the next eight years.

Reversible temperature sensitive coating dominated the global demand and accounted for over 65% of total volume in 2015. This trend is anticipated to continue over the forecast period on account of rising demand from the various application such as textiles, room & refrigeration thermometers, food quality indicators, promotional items, forehead thermometers, temperature sensitive plastics & mugs, and toys.

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Further key findings from the report suggest:

• The global temperature sensitive coating market demand exceeded 1,200 tons in 2015 and is expected to reach 2,276.5 tons by 2024, growing at a CAGR of 6.6% from 2016 to 2024
• Household/decorative was the leading application segment and accounted for 35.2% of total market volume in 2015. This high penetration can be attributed to the rising demand for industrial and pharmaceutical applications particularly in emerging economies of India, China, and Brazil.
• Industrial applications are expected to witness the highest growth of 7.0% from 2016 to 2024.Rising product demand in various industrial applications such as annealing, metalworking, riveting, and welding for quality purposes is anticipated to increase market penetration in this segment.
• Europe was the leading temperature sensitive coating consumer and accounted for 37.9% total global demand in 2015.Favorable government regulations mandating the use of temperature sensitive labels in the pharmaceutical sector has contributed towards regional dominance.
• Major companies operating in the global temperature sensitive coating industry include CAPCO, LCR Hallcrest, LA-CO Industries, TIP Temperature Products, B&H Colour Change, SFXC, Good Life Innovations, Ltd. and Lakfbriek Korthals BV. The industry is highly competitive on the basis of product prices.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Factors Driving the Adhesive Equipment Market in Coming Years | Key Players Valco Melton, Dymax Corporation

San Francisco, 3 Oct 2018: The global adhesive equipment market size is expected to reach USD 42.06 billion by 2022, according to a new report by Grand View Research, Inc. Increasing adhesives demand from end-use industries such as construction, automotive, textiles and footwear is expected to remain a key driving factor for global adhesive equipment market. High industrialization rates coupled with government initiatives to promote packaging sector in emerging markets of Asia Pacific and Latin America are expected to drive adhesive equipment demand. Bio-based adhesives development is also expected to strengthen industry growth as varying product specifications and associated technological developments constantly drive competition among companies. 

Industrial hot melt equipment was the largest product segment and accounted for over 22% of total revenue in 2022. Growing demand for hot melt adhesives owing to their unique product characteristics such as low costs, quick drying time and versatility are expected to drive this segment. Rising awareness regarding sustainable adhesive consumption is expected to foster high market growth for intermittent application devices such as adhesive controllers. 

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Further key findings from the report suggest:

• Global adhesive equipment market was valued at USD 26.93 billion in 2014 and is expected to grow at a CAGR of 6.6% from 2015 to 2022.
• Packaging was the leading application segment and accounted for over 30% of global revenue in 2014. Growth of packaging industry particularly in BRICS economies is expected to drive this segment over the forecast period. Disposable hygiene products is also expected to witness significant gains in its market size on account of growing incontinence and baby diapers demand across the globe.
• Asia Pacific was the leading regional adhesive equipment market and accounted for over 40% of global demand in 2014. Growth of key end-use industries such as packaging, construction and hygiene products in India, China and Indonesia is expected to drive the regional market. Asia Pacific is also expected to witness the highest growth of 7.8% from 2015 to 2022.
• Increasing geriatric population in mature economies of Europe and North America has had a direct impact on sales of adult incontinence products in the region. Growth of DHP industry is expected to drive adhesive equipment market in these regions. 
• Global adhesive equipment market is fragmented with a presence of both large multinational corporations and domestic producers. Some key companies operating in the global market include Henkel, Nordson Corporation, Adhesive & Equipment, Inc., Robatech, Dymax Corporation, ITW Dynatec, 3M Company and Adhesive Dispensing Limited. 

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

China Testing, Inspection, & Certification Market Holds Growth of $55.1 Billion by 2025

San Francisco, 3 Oct 2018: The China testing, inspection, and certification (TIC) market size is anticipated to reach USD 55.1 billion by 2025, according to a new report by Grand View Research, registering a 9.1% CAGR during the forecast period.

High standards of living of Chinese citizens and increased focus of customers on quality and safety of food products and consumer goods such as toys, personal care and beauty products, and electrical and electronic appliances are driving the market.

The China TIC market is expected to register strong growth owing to government investments in the transportation, energy, and construction sectors. The Chinese government has introduced favorable policies for international players to establish their foothold in the country and to achieve progressive liberalization.

Previously, most companies in China conducted their testing, inspection, and certification operations in-house. However, with growing acceptance of the China Compulsory Certification (CCC), greater emphasis is placed on need for strict regulatory standards and certifications and this has led to increase in outsourcing TIC activities in China due to cost benefits. This growing trend of outsourcing is anticipated to further drive the market over the forecast period. Increased accessibility of the domestic market for international players and provision of cost-effective solutions by TIC service providers will also benefit the market.

Leading industry participants include AsureQuality Limited, Bureau Veritas SA, DEKRA SE, DNV GL Group AS, Intertek Group PLC, Lloyd’s Register Group Limited, and SGS S.A. Other notable players in the market include TUV Rheinland AG Group; Underwriters Laboratories Inc.; Asia Quality Focus; HQTS Group Ltd.; InTouch Services Ltd.; China Inspection Co., Ltd.; Centre Testing International; China Certification & Inspection Group; Asia Quality Control; V-Trust; TUV SUD; TUV Nord; American Bureau of Shipping; Hartford Steam Boiler; Larsen & Toubro; Asia Inspection; China Building Material Test & Certification Group Co. Ltd.; China Special Equipment Inspection and Research Institute; and China Classification Society.

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www.grandviewresearch.com/industry-analysis/china-testing-inspection-certification-tic-market

Further key findings from the report suggest:

• The China TIC market is witnessing considerable growth owing to increasing number of investments from international incumbents
• By service, the inspection segment is expected to register the highest CAGR of 10.3% over the forecast period
• TIC forms an integral part of the infrastructure and transportation sectors in China and hence, the growth of these two sectors is expected to drive demand for testing inspection, and certification activities
• Key industry participants include AsureQuality Limited, Bureau Veritas SA, DEKRA SE, DNV GL Group AS, Intertek Group PLC, Lloyd’s Register Group Limited, and SGS S.A.

Access press release of this research report by Grand View Research:  www.grandviewresearch.com/press-release/china-testing-inspection-certification-tic-market-analysis

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com