The residential construction industry is estimated to play a key role in the ceramic tiles market

The residential segment is projected to dominate the ceramic tiles market through 2023. With the improvement in macroeconomic conditions globally, the demand for new constructions has increased, owing to which strong growth has been witnessed in new housing projects. Furthermore, factors such as rise in renovation & remodeling activities and rise in population & rapid urbanization are expected to drive the growth of the ceramic tiles market in the coming years. MarketsandMarkets projects that the global ceramic tiles market size will grow from USD 227.89 billion in 2018 to USD 320.07 billion by 2023 at a CAGR of 7.03%. Rapid industrialization and increase in investments in the construction industry are expected to be the major drivers of the ceramic tiles market.

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On the basis of application, the market for ceramic tiles is segmented into floor, wall, roof, and others (ceiling and countertop). The floor segment is expected to be the fastest-growing segment of the ceramic tiles market from 2018 to 2023. Ceramic tiles are employed in the interior as well as the exterior flooring of buildings to meet the requirement of decoration or aesthetics. The application of ceramic tiles on floors ranges from bathrooms and kitchens in households to laboratories, restaurants, medical centers, shopping centers, schools, and government buildings. Their low cost and easy installation also contribute to their growing popularity in a range of residential and non-residential applications.

On the basis of construction type, the new construction segment is projected to be the fastest-growing segment from 2018 to 2023. The new construction segment dominated the ceramic tiles market due to the growing concerns about the rising carbon footprint in the environment, mainly due to the massive energy consumption by the building industry, which, in turn encourage governments across regions to roll out regulations against the use of non-eco-friendly construction materials and to ensure sustainable building practices. Installation of ceramic tiles in new constructions not only guarantees lesser energy consumption but also eliminates the need for frequent tile replacement. Also, installing tiles in new construction projects is more cost-effective than replacing the same later, as the total cost of the tile and labor required for installation has to be paid only once.

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Asia Pacific is projected to be the fastest-growing market in the global ceramic tiles industry, with China accounting for the largest market share in this region, followed by India. In terms of growth rate, Asia Pacific was followed by North America, Middle East & Africa, South America, and Europe. Increase in population, the rise in disposable income of the population, growth in new construction activities, and increase in investments in the residential and commercial sectors is expected to drive the demand for ceramic tiles in Asia Pacific.

Pre-engineered Buildings Market worth $25.0 billion by 2024

The pre-engineered buildings market is projected to grow from USD 14.5 billion in 2019 to reach USD 25.0 billion by 2024, at a CAGR of 11.5%. Factors such as the increasing demand for green buildings and need for reducing construction time and cost, along with the demand for lightweight building structure, drive the pre-engineered buildings market.

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Recent Developments

  • In March 2019, Nucor Corporation has planned to expand its steel plate production capacity by building a steel plate mill in Brandenburg, KY, US. The company has planned an investment of USD 1.35 billion in the mill. This mill has a planned production capacity of 1.2 million tons of steel products per annum. This is expected to strengthen the company’s steel plate product portfolio, which is further expected to support its pre-engineered buildings production, as steel plates are used as a raw material to manufacture pre-engineered buildings.
  • In August 2017, Zamil Steel Pre-engineered Building Company signed a contract with Agility Kuwait to build four air-conditioned warehouses in Mina Abdullah, Kuwait. This contract was valued at USD 6.7 million. Under this contract, the company would provide 4,600 metric tons of pre-engineered steel buildings and over 100,000 square meters of sandwich panels.

Scope of the report

Report MetricDetails
Market size available for years2017-2024
Base year considered2018
Forecast period2019-2024
Forecast unitsValue (USD) and Volume (Million Square Feet)
Segments coveredStructure, Application, and Region
Geographies coveredNorth America, Asia Pacific, Europe, South America,  and the Middle East & Africa
Companies coveredBlueScope Steel (Australia), NCI Building Systems (US), Nucor Corporation (US), Kirby Building Systems (Kuwait), Zamil Steel Holding Company (Saudi Arabia), ATCO (Canada), Lindab Group (Sweden), PEBS Pennar (India), PEB Steel Buildings (Vietnam), and Everest Industries (India).
Total 25 major players covered

Asia Pacific accounted for the largest share in 2018 and is also projected to record the highest growth rate during the forecast period. The key factors driving the growth of the Asia Pacific pre-engineered buildings market are the growth in the residential and non-residential construction industry, huge investments in the infrastructural sector, and rapid industrialization in the developing countries of Asia Pacific. Furthermore, various benefits of these buildings, including time & cost efficiency and reduced environmental impact, as compared to cast-in-situ construction, are fueling the demand for these buildings in the developing countries of Asia Pacific.

Key Questions addressed by the report

  • Which regions offer immense opportunities in the pre-engineered buildings market?
  • What are the upcoming industry trends for pre-engineered buildings?
  • What are the high-growth segments in the pre-engineered buildings market?
  • What are the factors driving the growth of the market?
  • What is the competitive scenario in pre-engineered buildings market?

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Pipeline Monitoring Systems Market by Application (Leak Detection, Operating Efficiency, and Pipeline Break Detection)- Global Forecast to 2026

The pipeline monitoring systems market is expected to witness high growth as a result of increased number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and up gradation of pipelines. The growth in trend of the development of new devices and solutions to monitor the pipeline performance, optimize the resources, automate the functions, and safeguard the operations fuels the growth of pipeline monitoring systems. The next-generation technologies, which are the future of the pipeline monitoring market, comprise integrated, multi layered systems using disruptive technologies, Internet of Things (IoT), digital acoustic sensing, and connected pipelines.

In terms of application, the leak detection application is projected to grow at a higher CAGR from 2016 to 2026. This growth can be attributed to the increasing investments from oil & gas companies in pipeline monitoring infrastructures and safe transportation of the material through it. Pipeline leakage detection systems help in detecting damages across the pipeline infrastructure. These systems detect leaks on the basis of flow, pressure, temperature, and density.

Gas pipelines which are covered under the crude & refined petroleum segment accounted for a major share, which creates a huge potential for pipeline monitoring systems for gas pipelines; this is projected to grow at a higher rate. Also, the construction of number of pipelines in various regions may lead to the growth of pipeline monitoring systems for crude & refined oil across the globe.

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The pipeline monitoring systems market size will grow from USD 4.13 Billion in 2015 to USD 8.72 Billion by 2026, at an estimated CAGR of 7.1% between 2016 and 2026.

Pipeline Monitoring Systems Market: By Application

  • Introduction
  • Leak detection
    • Flow
    • Pressure
    • Temperature
    • Density
  • Operating condition
  • Pipeline break detection
  • Others (liquid/material identification)

Pipeline Monitoring Systems Market: By End-Use Industry

  • Introduction
  • Crude & refined petroleum
    • Oil
    • Natural gas
    • Biofuel
  • Water & wastewater
  • Others (beverages, drugs & specimen, currency)

North America contributes a major market share in the global pipeline monitoring systems market. The North American market is projected to grow at the highest rate than other regions as many new pipelines are under construction in this region. Europe constitutes the second largest market share in pipeline monitoring systems while Asia-Pacific is projected to register the highest growth after North America. Emerging economies such as India, China and Japan are projected to grow at moderate CAGRs between 2016 and 2026.

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The residential buildings industry is estimated to play a key role in the plumbing fixtures & fittings market

The plumbing fixtures & fittings market is projected to reach USD 139.4 Billion by 2027. The plumbing fixtures & fittings market size is estimated to grow from USD 86.5 billion in 2018 to USD 139.4 billion by 2027. Fixtures & fittings are used in residential and non-residential buildings in bathtub & shower fixtures, sink fixtures, toilet fixtures, and sink fittings among others. The residential buildings industry accounted for the largest market share in 2018. Rising disposable incomes of the urban population is stimulating the construction of new houses in urban regions, resulting in an increased demand for plumbing fittings & fixtures. The demand for plumbing products for replacements is especially high in the residential construction sector. Home kitchen remodeling projects typically involve the installation of multiple sinks for convenient cooking and bathrooms, thereby increasing the demand for plumbing fixtures & fittings.

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These products include various types of fixtures & fittings such as bathtub and shower fixtures, sink fixtures, toilet fixtures, bathtub & shower fittings, toilet fittings, sink fittings, and other plumbing fixtures and fittings. Residential buildings uses bathtubs to gain a luxuriant experience. Many non-residential buildings such as hotels, gyms, and spa resorts uses bathtub & shower fixtures as a way to promote their status and improve customer satisfaction. The rise in construction expenditures in the non-residential markets, including health care rehabilitation centers where whirlpool baths serve a more therapeutic purpose, will continue to support demand for bathtubs.  

On the basis of raw material, the market for fixtures & fittings is segmented into vitreous china, metal, and plastics, which is further segmented into fiberglass, cast polymer, acrylic, and other plastics. The plastic segment is projected to grow at the highest rate, as it is easy to use and install, and is durable and adaptable. The metal segment is projected to grow at the second-highest CAGR during the forecast period.

In 2018, Asia-Pacific accounted for the largest share in the global fixtures & fittings market, by volume, with China being the fastest-growing market in this region. This was followed by North America, RoW, and Europe. Rising population makes infrastructure and sewage system development a necessity, and therefore new homes are constantly being connected to water delivery systems. These systems are reaching previously unserved areas, thereby creating new customers and generating demand for plumbing products. Apart from China, other industrializing countries in Asia, such as India and Indonesia, will also contribute to the overall demand of plumbing fixtures & fittings. Growing investments in smart buildings and homes, rise in bathroom and kitchen-modelling projects among the middle class population, and the growing preference for upgraded fixtures and fittings are the major factors fueling the growth in the plumbing fixtures & fittings market in this region.

Wooden Decking Market by End-Use(Residential, Non-Residential), and Region – Global Forecast

MarketsandMarkets projects that the wooden decking market size will grow from USD 7.21 Billion in 2015 to USD 7.81 Billion by 2021, at an estimated CAGR of 1.43%. The wooden decking market is expected to witness high growth as a result of the rising urbanization, large-scale investments in infrastructure & industrial sectors, and rising construction activities in emerging economies.

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Residential buildings to gain maximum traction

The residential sector is projected to be the fastest-growing segment in the wooden decking market during the forecast period. The properties offered by wooden decks such as resistance to splinter & rot, durability, stability, sustainability, and enhanced looks are useful in application areas such as docks, marinas, patios, pool areas, hotels, and resorts.

Wooden decks are used in residential and non-residential buildings. The global market, in terms of end use, was dominated by residential buildings. Rising disposable incomes of the urban population is stimulating the construction of new houses in urban regions, giving rise to an increased demand for wooden decks. Growth in construction expenditures in the non-residential sector will continue to support the demand for wooden decks.

“North American wooden decking market constitutes the largest market share.”

The U.S. contributes a major market share in the global as well as North American wooden decking market. The recovery of the U.S. residential market by 2010 after the 2007–2009 recession, and the increasing demand for low maintenance building products are some of the factors driving the wooden decking market in North America. This market in the U.S. is growing rapidly due to the presence of numerous leading players in this region.

The major players in the wooden decking market include UPM-Kymmene Corporation (Finland), Weyerhaeuser Company (U.S.), West Fraser Timber Co. Ltd. (Canada), Universal Forest Products, Inc. (U.S.), Metsä Group (Finland), Setra Group (Sweden), James Latham plc (U.K.), Cox Industries Inc. (U.S.), Humboldt Redwood Company and Mendocino Redwood Company (U.S.), and Vetedy Group (U.S.).


Pre-engineered Buildings Market- Current Trends and Future Aspect Analysis 2019 – 2024

Pre-engineered buildings are steel buildings or structures fabricated away from the construction site, based on customer requirements. These buildings are first designed using specific software tools, and then individual elements are manufactured at the factory, which is further transported, assembled, and erected at the construction site, with bolted connections. MarketsandMarkets expects the pre-engineered buildings market to grow from USD 14.5 billion in 2019 to USD 25.0 billion by 2024, at a CAGR of 11.5% during the forecast period.

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Recent Developments

  • In March 2019, Nucor Corporation has planned to expand its steel plate production capacity by building a steel plate mill in Brandenburg, KY, US. The company has planned an investment of USD 1.35 billion in the mill. This mill has a planned production capacity of 1.2 million tons of steel products per annum. This is expected to strengthen the company’s steel plate product portfolio, which is further expected to support its pre-engineered buildings production, as steel plates are used as a raw material to manufacture pre-engineered buildings.
  • In August 2017, Zamil Steel Pre-engineered Building Company signed a contract with Agility Kuwait to build four air-conditioned warehouses in Mina Abdullah, Kuwait. This contract was valued at USD 6.7 million. Under this contract, the company would provide 4,600 metric tons of pre-engineered steel buildings and over 100,000 square meters of sandwich panels.

The single-story segment is expected to account for the largest market share during the forecast period. The demand for single-story pre-engineered buildings, such as warehouses, factories, workshops, storage spaces, railway platform sheds, service stations, airport hangars, shipyards, and supermarkets is driven by rapid industrial expansion and growth in infrastructure.

The warehouses & industrial segment is projected to grow at the highest CAGR during the forecast period. This is attributed to the development of factories, production plants, R&D centers, and warehouses, because of the growing manufacturing sector and industrial expansion in developed and developing regions. Further, the growth of the retail and e-commerce industry generates the demand for warehouses, supermarkets, and distribution centers, thereby supporting the pre-engineered buildings market growth.

In terms of geographical coverage, the pre-engineered buildings market has been segmented into five regions, namely, North America, Asia Pacific, Europe, the Middle East, and Africa, and South America. Asia Pacific accounted for the largest share in 2018 and is also projected to record the highest growth rate during the forecast period. Growth in the Asia Pacific region can be attributed to the increasing demand for pre-engineered buildings from the growing non-residential construction (including commercial and industrial) and infrastructural development in the region. The major demand for pre-engineered buildings in the region is contributed by India and China, owing to the growing population, economic growth, government investments, and demand for low-cost green buildings.

Furthermore, foreign investors are setting up their factories and distribution centers in the developing countries of Asia Pacific, owing to cheap labor, trade liberalization, and favorable government policies, further boosting the pre-engineered buildings market growth. This acts as an opportunity for the pre-engineered buildings manufacturers and suppliers.

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The report “Perlite Market by Form (Expanded Perlite and Crude Perlite)- Global Forecast to 2022

MarketsandMarkets projects that the perlite market size will grow from USD 1.51 Billion in 2017 to USD 2.20 Billion by 2022, at an estimated CAGR of 7.78%. The perlite market is expected to witness high growth as a result of the rapid urbanization, large-scale investments in the building & construction sector, and the rising number of construction activities in emerging economies.

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The Perlite market is segmented by type in to Expanded Perlite and Crude Perlite.
Expanded perlite finds application in several sectors, which drives its demand. This segment dominates the perlite market and is projected to grow at a higher rate during the forecast period. Expanded perlite possesses high insulation, acoustic, and excellent water retention, and higher water density properties. Hence, the expanded perlite form accounted for a relatively larger market share than the crude perlite segment.

Expanded perlite finds diverse applications in the industrial sector, ranging from high-performance fillers for plastics to cement; as a filtering agent for petroleum, water, and geothermal wells; and for cryogenic insulation that requires insulation for extremely low to medium and high temperature including insulating concrete, refractory bricks, and underfloor insulation. Safety certifications from regulatory authorities present opportunities for manufacturers to strengthen their position in the perlite market, in order to maintain the quality and performance standards of perlite.

Target audience

  • Raw material producers
  • Perlite traders/distributers/suppliers
  • Local governments
  • Environmental protection bodies
  • Market research and consulting firms
  • Regulatory bodies
  • Research organizations
  • Association and industry bodies
  • End-use industries

The major players in the perlite market include Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (UK), Amol Dicalite (India), IPM Group of Companies (Philippines), Bergama Mining Perlite (Turkey), Supreme Perlite Company (US), Genper Group (Turkey), The Schundler Company (US), and Whittemore Company (US).


United Rentals Inc. (US) and Ashtead Group plc (UK) are the Leading Player in the Construction Equipment Rental Market

The construction equipment rental market is estimated to be USD 98.6 billion in 2019 and is projected to reach USD 121.6 billion by 2024, growing at a CAGR of 4.3% from 2019 to 2024. Increasing building & construction activities, especially in China, Japan, and India, the recovering construction sector in Europe, and increasing rental penetration in North America coupled with shift in trend towards rental due to various cost-benefits is expected to drive the growth of the construction equipment rental market during the forecast period.

Major companies operating in the construction equipment rental market include United Rentals Inc. (US) (Belgium), United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc.  (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), and Kanamoto Co. Ltd. (Japan) hold a potential share of the construction equipment rental market.

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United Rentals Inc. (US) is the leading player in the construction equipment rental market which has adopted organic & inorganic strategies to sustain its market position.

  • In October 2018, United Rentals, Inc. acquired WesternOne Rentals & Sales LP, a Canada-based leading equipment rental provider of aerial lifts and heat solutions, to expand its business in Western Canada.
  • In September 2018, United Rentals, Inc. acquired Blueline Rental, a leading North American general rental provider based in Texas, US, to extend its footprints to various large metropolitan areas in North America, including US coasts, the Gulf South, and Ontario. This acquisition is in line with the company’s Grow the Core strategy to expand its presence in the local and mid-sized customer segment.

Ashtead Group plc (UK) is another major company in the construction equipment rental market. It has adopted organic and inorganic strategies to sustain its position in the construction equipment rental market.

  • In March 2018, Ashtead Group acquired the business and assets of New England Rent-All Equipment, Inc. (NERA) for a cash consideration of approximately USD 4 million. NERA is a general equipment rental business based in Massachusetts, US.
  • In February 2018, Sunbelt US, an operating company of Ashtead Group in the US acquired the business and assets of Beaupre Aerial Equipment, Inc. and Beaupre Equipment Services, Inc. (together Beaupre) for a cash consideration of USD 50 million. Beaupre is an aerial work platform rental business based in Minnesota, US.

Construction Equipment Rental Market- Analysis, Statistics, Trends, Forecast Report, 2025

The construction equipment rental market is projected to grow from USD 98.6 billion in 2019 to reach USD 121.6 billion by 2024, at a CAGR of 4.3% from 2019 to 2024. The major drivers for the market include the increasing demand for rental equipment due to various benefits, shift in trend towards rental, increasing infrastructure activities in emerging nations, and cost-benefits associated with the use of construction equipment on a rental basis rather than purchasing it.

North America projected to be the largest construction equipment rental market during the forecast period

North America accounted for the largest share of the market in 2018, and is expected to continue in the trend during the forecast period due to the recent boom in non-residential construction in the region, coupled with supporting investments from domestic and foreign investors and favorable policies. The growth and financial health of North American construction equipment rental market is driven by factors, such as non-residential construction activity, capital investments in the industrial sector, repair, maintenance, and overhaul services, government spending and demand for construction equipment rental for remediation and rebuilding efforts. The market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing building & construction activities, especially in China, Japan, and India, coupled with increasing investments from domestic & foreign investors in public & private sectors.

Recent Developments

  • In August 2019, Ahern Rentals started its operational facility in Argentina. Located in Buenos Aires, Ahern Argentina is the eighth Ahern International business to open, joining Ahern Australia, Ahern Canada, Ahern Chile, Ahern Deutschland, Ahern Ibérica, Ahern Ireland, and Ahern Japan, and is the second Ahern International entity in Latin America. Focused on supporting the Argentinian market, the company specializes in sales, service, and spare parts for Xtreme Manufacturing telehandlers, Snorkel aerial work platforms, and Ruthmann Bluelift tracked spider lifts.
  • Equipment rental company, Boels Rentals is adding the Barreto 30SGB stump grinder to its rental product range, based on positive feedback relating to Vanguard’s V-Twin engine. Boels Rentals will introduce the new stump grinder units which feature the Vanguard V-Twin engine across its European network as part of its strategic collaboration with engine manufacturers, Briggs and Stratton.

Key Market Players

Companies such as United Rentals Inc. (US) (Belgium), United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc. (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), Kanamoto Co. Ltd. (Japan), Nishio Rent All Co. Ltd (Japan), Nikken Corporation (Japan), and Ahern Rentals (US), among others, are the major players in the construction equipment rental market. These players focus on strategies, such as contracts, product launches, acquisitions, partnerships, expansions, joint ventures, and investments that have helped them to expand their businesses in untapped and potential markets.

The diversified product portfolios and multiple uses are factors responsible for strengthening the positions of these companies in the construction equipment rental market. They have adopted various organic and inorganic growth strategies, such as new product launches, acquisitions, and contracts, to enhance their current positions in the construction equipment rental market. 

Siding Segment is Projected to Occupy the Largest Share Among All Applications of Fiber Cement Market

The market for fiber cement is projected to grow from USD 13.75 Billion in 2016 to USD 17.38 Billion by 2021, at an estimated CAGR of 4.80%. This growth is due to growing construction activities, globally. Stringent regulations against the use of asbestos cement also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.

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Fiber cement siding is the largest application area. This is because fiber cement siding does not require maintenance and is impervious to degradation. Also, growing construction projects, both residential and commercial, have driven the market in this segment. Other application areas of fiber cement are roofing, molding & trim, countertops, and backer boards.

Target audience

  • Raw material suppliers and producers
  • Regulatory bodies
  • Fiber cement distributors/suppliers
  • End users (builders, contractors)

Asia-Pacific to play a key role in the market for fiber cement

On the basis of key regions, the market for fiber cement is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region is the most attractive market for fiber cement. Rising economy and rapid growth in the infrastructure sector in this region have significantly impacted the growth of fiber cement. This region is projected to see the highest number of new constructions and infrastructural activities in the near future.

The global market for fiber cement is dominated by large players such as Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), and Toray Industries Inc (Japan). Other players in this market include CSR Limited (Australia), The Siam Cement Public Company Limited (Thailand), Nichiha Fiber Cement (Japan), Plycem USA, Inc. (U.S.), and Cembrit Holding A/S (Denmark).