Perlite Market by Application (Construction, Agriculture & Horticulture, and Industrial)- Global Forecast to 2022

The perlite market was valued at USD 1.42 Billion in 2016 and is projected to reach USD 2.20 Billion by 2022, at a CAGR of 7.78%. The market is projected to witness significant growth over the next few years with the increasing demand for new constructions due to rapid urbanization and industrialization with large-scale investments in the commercial and infrastructural sectors. The rising demand for perlite in emerging economies and the increasing inclination toward sustainable construction methods are increasing the reliance on modern construction materials, thus creating growth opportunities for the perlite market.

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Industrial segment to gain maximum traction during the forecast period

The industrial sector is projected to be the fastest-growing segment in the perlite market during the forecast period. 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.

The perlite value chain includes raw material manufacturers such as Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (UK), Amol Dicalite (India), IPM Group of Companies (Philippines), and Bergama Mining Perlite (Turkey), Furthermore, the products manufactured by these companies are used by various end-use sectors. The end-use sectors comprise industrial, construction, agriculture & horticulture, and food & beverages, among others. The application of perlite components in these sectors is due to its various properties including high insulation, acoustic property, lightweight concrete, fire resistant, and excellent water retention properties. The global market for the perlite market is dominated by players such as 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).

In terms of value, the expanded perlite segment is projected to grow at a higher CAGR during the forecast period. This growth can be attributed to factors such as introducing high strength to concrete with less water content and easy workability. Expanded perlite finds applications in several industries including agriculture & horticulture, construction, industrial, and food & beverages.

The rising number of infrastructural activities as well as the large population in China and India drive the growth of the Asia Pacific perlite market. Additionally, other emerging economies such as South Africa and countries in the Middle East and South America are experiencing high demand for construction. The rapid urbanization in these countries demands faster and cheaper construction of buildings and facilities without compromising on the quality. Additionally, the increasing number of government investments in infrastructural constructions provide the potential for the growth of the perlite market in these countries.

Pipeline Monitoring Systems Market by Technology (Ultrasonic, PIGs, Smart Ball, and Magnetic Flux Leakage)- Global Forecast to 2026

The pipeline monitoring systems market size is estimated to grow from USD 4.13 Billion in 2015 to USD 8.72 Billion by 2026, at a compound annual growth rate (CAGR) of 7.1% from 2016 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 upgradation 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.

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Ultrasonic technology sector to gain maximum traction during the forecast period

The ultrasonic technology segment dominated the market in 2015; however, smart ball technology is projected to be the fastest-growing technology in the next ten years. This could be attributed to the easy deployment of these balls through pipelines with long inspection capability from single deployment. The growth in demand for ultrasonic technology in the pipeline monitoring systems sector is because it is preferred by many oil & gas companies to detect small and large leakages.

In 2018, the North American market accounted for the largest share of total market of pipeline monitoring systems, in terms of value, followed by Europe. However, the Asia-Pacific region is projected to grow at the fastest rate than Europe in the pipeline monitoring systems market. Markets in developing countries such as China, India, Japan, Australia, and countries in the Middle East are projected to grow at a higher rate. This is because of the high population in these country, along with new pipelines under construction, which will increase the demand for pipeline monitoring systems.

The global market for pipeline monitoring systems is dominated by major manufacturers of pipelines and monitoring systems. Siemens AG (Germany), Honeywell International Inc. (U.S.), BAE Systems (U.K.), Perma Pipes (U.S.), Transcanada (Canada), PSI AG (Germany), Pure Technology (Canada), Orbcomm Inc. (U.S.), Huawei (China), and Pentair PLC. (U.K.) are the major manufacturers of pipelines and monitoring systems in the pipeline monitoring systems market. Other players include Atmos International (U.K.), Clampon AS (Norway), ABB Group (Switzerland), Future Fibre Technologies (Australia), Senstar Inc. (Canada), Syrinix (U.K.), Radiobarrier (Russia), TTK (France), Krohne Group (Germany), and Thales Group (France). These companies use various strategies such as mergers & acquisitions, expansions, new product launches, and partnerships to strengthen their position in the market.

Pentair (UK) and Panasonic Corporation (Japan) are the Major Players in the Point-of-Use Water Treatment Systems Market

The global point-of-use water treatment systems market size is projected to grow from USD 19.9 billion in 2018 to USD 32.7 billion by 2023, at a CAGR of 10.41% during the forecast period. Increasing instances of water contamination and growing awareness about the benefits of water treatment is projected to drive the growth of the point-of-use water treatment systems market.

The point-of-use water treatment systems market is dominated by major players such as Honeywell International (US), Pentair (UK), Panasonic Corporation (Japan), Unilever (UK), LG Electronics (South Korea), Coway (South Korea), BWT (Austria), Toray Industries (Japan), Alticor (US), and Brita (Germany). These players have adopted numerous growth strategies, such as mergers & acquisitions, new product launches, agreements, collaborations, & joint ventures, and expansions, to further expand their presence in the global point-of-use water treatment systems market. New product launches was the most dominating strategy adopted by major players from 2011 to 2015, which helped them to innovate on their offerings and broaden their customer base.

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Pentair is among the key players in the point-of-use water treatment systems market. It offers water, fluid, thermal management, and equipment protection products, services, and solutions. It has a strong foothold in North America, Europe, and the Asia Pacific. The company also focuses on developing innovative products to serve its customers better. Also, due to its diversified portfolio range, the company’s revenue has consistently been increasing from 2015 to 2017. Acquisitions and new product launches are the major growth strategies adopted by the company. For instance, Pentair acquired 19.9% stake in two entities of GE Water and Process Technologies (US) for USD 134.3 million. This acquisition enhanced the water softener and residential water business of the company.

Panasonic Corporation is involved in the manufacturing and selling of electronic & electric products for consumer, industrial, and business use. It has a strong global presence in the Asia Pacific, North America, Europe, and the Middle East. The strong global presence and adoption of growth strategies such as agreement and new product development have ensured its key position in the point-of-use water treatment systems market. In December 2014, Panasonic developed photocatalytic water purification technology. This purification technology uses UV rays to detoxify pollutants.

Related Reports:

Point-of-Use Water Treatment Systems Market by Device (Tabletop, Faucet-mounted, Countertop, Under-the-sink) Technology (RO, Ultrafiltration, Distillation, Disinfection, Filtration), Application (Residential, Non-residential), & Region – Forecast to 2023

Plumbing Fixtures Market worth $139.4 billion by 2027

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. Factors such as increasing demand in Asia-Pacific due to rapid urbanization, building renovations due to disasters and upgradations, rising construction activities in emerging economies, and large-scale investment in industrial and infrastructure sectors are some of the drivers for the growth of the plumbing fixtures & fittings market.

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Residential buildings to gain maximum traction during the forecast period

The residential buildings segment dominated the market in 2018 and is projected to be the fastest-growing end-user industry in the next five years, as a result of the rising urbanization and changing lifestyle inclined toward new designs and better technology in homes. The residential market is projected to grow at the highest rate due to the rise in new and existing housing completions. Furthermore, the non-residential segment is projected to be the second fastest-growing end-use industry due to the rising demand from commercial buildings such as hotels, gyms, and spa resorts.

Plastics as a raw material to play a key role in the plumbing fixtures & fittings market

The report defines and segments the plumbing fixtures & fittings market on the basis of raw material into vitreous china, metal, and plastics. The vitreous china segment is projected to contribute the largest market share as it is the most economical material for domestic fixtures such as toilet bowls, urinals, and washbasins. Plastic plumbing fixtures & fittings, made from a wide range of polymers such as fiberglass, cast polymer, and acrylic, is projected to grow at the highest rate from 2018 to 2027.

Asia-Pacific is projected to have the largest market share and dominate the plumbing fixtures & fittings market from 2016 to 2021. Asia-Pacific offers potential growth opportunities; developing countries such as China and India are projected to be emerging markets, making the Asia-Pacific region the fastest-growing market for plumbing fixtures & fittings. The growth of the plumbing fixtures & fittings market in this region is driven by factors such as the growth in the construction of the residential and non-residential buildings. Also, the growing population and economic development are other factors driving the growth of this market.

Factors such as fluctuations in raw material prices act as a restraint for the growth of the market. The global market for plumbing fixtures & fittings is dominated by players such as Geberit AG (Switzerland), Kohler Co. (U.S.), Jacuzzi Inc. (U.S.), Masco Corporation (U.S.), LIXIL Group Corporation (Japan), Fortune Brands Home & Security, Inc. (U.S.), TOTO Ltd. (Japan), and Roca Sanitario, S.A. (Spain). Other players in the market are Elkay Manufacturing Company (U.S.) and MAAX Bath Inc. (Canada). These players adopted various strategies such as new product developments, acquisitions, agreements, partnerships, and expansions to cater to the needs of the plumbing fixtures & fittings market.

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The residential buildings industry is estimated to play a key role in the wooden decking market

Decks are constructed outdoors above the ground and are connected to a building. Wooden decks have multiple applications such as garden landscaping, extension of living area of a house, dinning, play group area, and interiors of houses. A significant change has been observed in the construction industry with the introduction of wooden decks as it offers high-performance, more space, and low-cost building products. Also, wood decks offer benefits such as high quality, increased efficiency, and better finishing.

MarketsandMarkets projects that the global wooden decking market size will grow USD 7.21 billion in 2015 to USD 7.81 billion by 2021, at a CAGR of 1.43%. Increase in infrastructural activities, industrialization, and recovery of global economy are expected to be the main drivers of the wooden decking market. The residential sector is projected to be the fastest-growing market in the wooden decking market because of the properties exhibited in wood decks such as resistance to rot, splinter, color fading, long product durability, stable, and sustainable.

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The residential application dominated the wooden decking market globally in 2015 and this trend is expected to continue during the forecast period. As residential applications require non-splintering, rot-resistant, and non-color fading decking products, wood decks are largely used in this sector. The non-residential application of wooden decking includes docks, marinas, public boardwalks, commercial establishment patios, and flooring.

On the basis of type, the market for wooden decking is segmented into pressure treated wood, cedar wood, redwood and others (tropical hardwoods, tigerwood, mahogany, teak, and ipe wood). Pressure-treated is projected to grow at the highest rate, as it can withstand moist and icy weather conditions, durable, and long lasting. Pressure-treated wooden products are treated with waterborne preservatives, thus it is widely used in residential, industrial, and commercial structures; this segment is projected to grow at the highest CAGR.

In 2015, North America dominated the global wooden decking market by volume, with U.S. being the fastest-growing market in this region. This was followed by Europe, Asia-Pacific, and RoW. Wooden decking products offer properties such as long product durability, strength and firmness, and have natural enhanced looks in comparison to alternative decking products. The high growth in demand for wooden decking products is anticipated from the Asia-pacific and RoW regions. China and Japan are projected to be the fastest-growing markets for wooden decking in the Asia-Pacific region.

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Zamil Steel Holding Company (Saudi Arabia) and Nucor Corporation (US) are the Key Players in the Pre-engineered Buildings Market

The global pre-engineered buildings market size is projected 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. The increasing demand for green buildings and need for reduction in construction time and cost, along with the demand for lightweight building structure, are projected to drive the growth of the pre-engineered buildings market.

The pre-engineered buildings market is dominated by major players such as BlueScope 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). These players adopt various growth strategies such as contracts/orders/project developments, new product developments, divestitures and expansions, and acquisitions to increase their market share. Contracts/orders/project developments were the most dominating strategies adopted by major players from January 2016 to March 2019; this helped them to improve their product offerings and broaden their customer base.

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Zamil Steel Holding Company (Saudi Arabia) is one of the key players in the pre-engineered buildings market. It offers pre-engineered buildings for a wide range of applications including warehouses, factories, offices, showrooms, shopping malls, aircraft hangars, power stations, and recreational infrastructures. It is among the few companies that offer complete building solutions. Contracts is the major growth strategy adopted by the company. For instance, 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 will provide 4,600 metric tons of pre-engineered steel buildings and over 100,000 square meters of sandwich panels. This contract is expected to enhance the pre-engineered buildings business and tap the untapped market.

Nucor Corporation (US) is involved in the manufacturing and selling of metal buildings for various low-rise and non-residential applications such as aviation/aircraft hangars, warehousing/storage, manufacturing, retail, agriculture, military, athletic/recreational, and self-storage. It has a strong global presence in Asia Pacific, North America, Europe, and the Middle East. The strong global presence and adoption of growth strategy such as expansions have ensured its key position in the pre-engineered buildings market. 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 projected to strengthen the company’s steel plate product portfolio, which is further supporting its pre-engineered buildings production, as steel plates are used as a raw material to manufacture pre-engineered buildings.

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Fiber Cement is used in Various Construction Applications Such as Siding, Roofing, Molding & Trim, Backer Boards, and Countertops

Fiber cement is used in various construction applications such as siding, roofing, molding & trim, backer boards, and countertops. MarketsandMarkets projects the global fiber cement market to grow from USD 13.75 Billion in 2016 to USD 17.38 Billion by 2021, at a CAGR of 4.80% from 2016 to 2021. Growing construction industry and stringent regulations against the use of asbestos cement have propelled the growth of the fiber cement market, globally.

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The growth of fiber cement was largely influenced by expansions of global players in the past five years. The year 2014 experienced a large number of investment strategies being used by top players in this market. Agreements, contracts, and partnerships also formed an essential part of their strategies, which led to the flow of considerable income within the company. Most players in the market hold long-term contracts with their clients to expand their fiber cement business. New product and technology developments were one of the key strategies adopted by companies in the past 3 years to gain considerable market share and focus on core operations of the business. Considerable investments were made in technology upgradations and servicing facilities across developed and emerging markets.

Expansions & divestitures and new product developments were the major strategies adopted by most of the players in the fiber cement market. Companies such as Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), Toray Industries Inc (Japan), 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) were the key players who adopted these strategies to increase the reach of their offerings, improve their product portfolio, and establish focus on core operations.

Etex Group NV (Belgium) held the leading position in the global fiber cement market. The company has maintained its leadership position through its strong distribution network across Europe, Americas, and emerging markets. The company is among the leading manufacturers of products for many of the markets it serves. The year 2014 saw a lot of expansions and investments by key players to increase their geographic presence and expand their product portfolio to untapped markets. Etex Group NV expanded its fiber cement business in Indonesia by inaugurating a new factory in Karawang. The company strengthened its position in the emerging Asia-Pacific region with this expansion, which costed the company more than USD 70 Million.

James Hardie Industries PLC, an Ireland-based manufacturer of fiber cement products expanded its fiber cement siding and trim business in the U.S. by increasing distribution at Dixie Plywood & Lumber Company (U.S.) and Weyerhaeuser (U.S.) locations in the Texas market. This expansion increased the company’s reach on the American continent.

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Ceramic Tiles Market worth $320.06 billion by 2023 at a CAGR of 7.03%.

The ceramic tiles market is projected to witness steady growth in the next few years, due to the rise in new construction activities resulting from rapid industrialization and urbanization. Increase in investments in the construction industry, the rise in population, and growing focus toward interior decoration.

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The residential segment is expected to grow at a higher CAGR in the global ceramic tiles market during the forecast period.

The residential segment is projected to be the faster growing segment during the forecast period owing to the growing demand for aesthetic ceramic tiles and a growing trend toward interior decoration. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of the population. All these factors are expected to fuel the demand for ceramic tiles in the residential sector.

Target Audience:

Raw material suppliers
Ceramic tiles manufacturers
Ceramic tiles material suppliers and distributors
End users
Associations and industry bodies
Government & regulatory bodies

Ceramic tiles are used in various construction types such as in new construction and replacement & renovation activities. The new construction segment is projected to dominate the ceramic tiles market, in terms of value, through the forecast period. It is easier and more cost-efficient to install ceramic tiles in new constructions than in replacement & renovation activities.

The growth of the ceramic tiles market is hindered by the volatility in the prices of raw materials. Fluctuations in the prices of raw materials such as silica sand, kaolin, feldspar, and bentonite increase the capital involved in the entire manufacturing process of ceramic tiles. Rising costs and unexpected deviations in raw material prices destabilize the supply chain and render it difficult for manufacturers to sustain in the competitive ceramic tiles market.

The global ceramic tiles market is dominated by players such as Mohawk Industries (US), Kajaria Ceramics (India), China Ceramics (China), Siam Cement (Thailand), and Grupo Lamosa (Mexico).

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The construction sector is estimated to play a key role in the perlite market

The perlite market size is estimated to grow from USD 1.51 billion in 2017 to USD 2.20 billion by 2022, at a CAGR of 7.78%. Perlite is widely used in the construction industry as perlite is a durable, lightweight concrete material with excellent water retention properties, it is fire-resistant, and provides insulation to roof decks. Perlite is expanded over different temperatures according to its application areas. Perlite finds application in the construction, horticulture & agriculture, industrial, food & beverage, and water treatment sectors, among others. The changing lifestyles, growing urbanization trend, and the demand for sustainable building & infrastructure have resulted in architects and engineers innovating the design of concrete structures suited for various applications and requirements. On the flipside, tight project completion deadlines and increasing variable costs of construction present a challenge for efficient execution of the construction projects.

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On the basis of foam, the market for perlite has been segmented into crude perlite and expanded perlite. The shifting interest of end-users toward perlite drives the growth of the perlite foam segment in the perlite market. The expanded segment is projected to grow at a higher rate during the forecast period. Factors such as high insulation, acoustic property, excellent water retention, and higher water density properties contribute to the demand for expanded perlite for infrastructural construction activities in emerging economies, globally. Also, the growth of this segment can be attributed to its application in end-use sectors such as construction, agriculture & horticulture, industrial, and food & beverages.

The industrial sector is projected to be the fastest-growing sector in the perlite market due to its diverse applications, ranging from high-performance fillers for plastics to cement, and as a filtering agent for petroleum, water, and geothermal wells. In the industrial sector, expanded perlite is widely used for cryogenic insulation that requires insulation for extremely low (around -2000° C) to medium and high temperature including insulating concrete, refractory bricks, and underfloor insulation. Due to its heat-resistant property, perlite is also used in various applications in foundries. It is mainly used as an insulating agent in industrial applications. It is also widely used in pipeline insulation for industrial gases. These factors contribute to the growth of perlite in industrial applications.

In 2016, Asia Pacific dominated the global perlite market, with China projected to be the fastest-growing country level market in this region, followed by India. In terms of market share, Asia Pacific was followed by North America, Europe, the Middle East & Africa, and South America. The increasing number of new housing units and huge investments in the infrastructural sector fuel the demand for perlite-based lightweight concrete material in this region. International and domestic players are incentivized to focus on the growing Asia Pacific market, considering the possible saturation of the perlite market in the developed economies of North America and Europe.

New Product Launches, Expansions, Mergers & Acquisitions, and Partnerships are Some of the Major Strategies Adopted by the Market Players to Achieve Growth in the Ceramic Tiles Market.

Ceramic tiles can be defined as a ceramic surface unit, made from clay or a mixture of clay and other ceramic materials which find applications in floors, walls, and roofs. It plays a vital role in enhancing the aesthetics of residential and commercial construction. The ceramic tiles market is estimated at USD 227.89 Billion in 2018 and is projected to reach USD 320.06 Billion by 2023, at a CAGR of 7.03%. The demand for ceramic tiles is expected to be driven by factors such as their ease of maintenance, high durability, water & moisture resistance, and aesthetic appeal. Therefore, they find application in several residential as well as non-residential spaces.

The ceramic tiles market is led by major players such as Mohawk Industries (US), Siam Cement (Thailand), Grupo Lamosa (Mexico), Kajaria Ceramics (India), and China Ceramics (China). Extensive product portfolio, coupled with a network of facilities across the globe, contributes toward the leading position of these market players. These players have adopted various strategies to expand their global presence and increase their market share. New product launches, expansions, mergers & acquisitions, and partnerships are some of the major strategies adopted by the market players to achieve growth in the ceramic tiles market.

The duration 2014-2018 witnessed several new product launches in the ceramic tiles market by key players in order to strengthen their product portfolio and cater to the new application areas. Mergers & acquisitions were the second-most adopted key strategies by market players to expand their geographical reach and enhance their manufacturing capabilities. The increase in demand for ceramic tiles with the rise in construction activities in emerging markets has encouraged companies to adopt these strategies.

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Mohawk Industries is one of the key manufacturers of ceramic tiles. Its extensive ceramic tiles product portfolio caters to a variety of application areas in the construction industry. The strong global presence and adoption of growth strategies such as mergers & acquisitions and expansions have ensured its leading position in the market. The acquisition of KAI Group (Bulgaria) in 2015 has further strengthened its market presence and product portfolio in Europe. In June 2017, the company expanded its ceramic tiles manufacturing operations in Dickson, Tennessee by opening a second plant. This expansion is expected to support the demand for Mohawk’s commercial ceramic tiles.

Grupo Lamosa is a manufacturer and distributor of ceramic products for wall and floor coverings in North America, South America, and Central America. It operates through ceramic (floor & wall tile) and adhesive segments. The increasing demand for ceramic tiles has led the company to expand its facilities to provide efficient services. It aims at the consolidation of its position in the global ceramic tiles market through a number of strategic acquisitions. For instance, in 2016, the company acquired Cerámica San Lorenzo (Argentina), a manufacturer and distributor of wall & floor tiles for USD 230 million. The acquisition helped Grupo Lamosa strengthen its presence in South America.

Related Reports:

Ceramic Tiles Market by Application (Floor, Wall, and Roof), Construction Type (New Construction, and Renovation & Replacement), End-use Sector (Residential, and Non-residential), and Region (North America, Europe, APAC) – Global Forecast to 2023