Sponsorluk
  • Basalt Fiber Reinforced Polymer Rebar (BFRP Rebar) provides a non-rusting reinforcing Rebar, and is a new technology with significant promise for the construction industry. As you will see in the video explaining how this product is made, basalt rocks are melted at temperatures between 1400 and 1600 degrees Celsius. The raw material is then formed into textile fibers. Therefore, fibers go through a pultrusion process and ultimately become strong reinforcement bar that can be used for a variety of concrete reinforcement projects.

    Weblink: https://arabbasaltfiber.com/
    Basalt Fiber Reinforced Polymer Rebar (BFRP Rebar) provides a non-rusting reinforcing Rebar, and is a new technology with significant promise for the construction industry. As you will see in the video explaining how this product is made, basalt rocks are melted at temperatures between 1400 and 1600 degrees Celsius. The raw material is then formed into textile fibers. Therefore, fibers go through a pultrusion process and ultimately become strong reinforcement bar that can be used for a variety of concrete reinforcement projects. Weblink: https://arabbasaltfiber.com/
    ARABBASALTFIBER.COM
    Home
    Arab Basalt Fiber Company is a complete integrated production facility for BFRP Rebar | Basalt Fiber Manufacturers |Basalt Fiber Suppliers
    0 Yorumlar 0 hisse senetleri
  • Rainscreen Cladding Industry Size & Major Factors That Can Increase the Worldwide Demand

    The global rainscreen cladding market size is projected to reach USD 17,179.1 million by 2027, exhibiting a CAGR of 7.3% during the forecast period. Booming growth in the global construction industry will drive the progress of this market, finds Fortune Business Insights™ in its new report, titled “Rainscreen Cladding Market

    Information Source: - https://www.fortunebusinessinsights.com/rainscreen-cladding-market-102809
    Rainscreen Cladding Industry Size & Major Factors That Can Increase the Worldwide Demand The global rainscreen cladding market size is projected to reach USD 17,179.1 million by 2027, exhibiting a CAGR of 7.3% during the forecast period. Booming growth in the global construction industry will drive the progress of this market, finds Fortune Business Insights™ in its new report, titled “Rainscreen Cladding Market Information Source: - https://www.fortunebusinessinsights.com/rainscreen-cladding-market-102809
    0 Yorumlar 0 hisse senetleri
  • Rainscreen Cladding Industry Analysis Report, Share, Trends

    The global rainscreen cladding market size is projected to reach USD 17,179.1 million by 2027, exhibiting a CAGR of 7.3% during the forecast period. Booming growth in the global construction industry will drive the progress of this market, finds Fortune Business Insights™ in its new report, titled “Rainscreen Cladding Market

    Information Source: - https://www.fortunebusinessinsights.com/rainscreen-cladding-market-102809
    Rainscreen Cladding Industry Analysis Report, Share, Trends The global rainscreen cladding market size is projected to reach USD 17,179.1 million by 2027, exhibiting a CAGR of 7.3% during the forecast period. Booming growth in the global construction industry will drive the progress of this market, finds Fortune Business Insights™ in its new report, titled “Rainscreen Cladding Market Information Source: - https://www.fortunebusinessinsights.com/rainscreen-cladding-market-102809
    0 Yorumlar 0 hisse senetleri
  • PBIB has a strong grasp of its products and the specific marketplace it operates within. With a background as former contractors, the company likely possesses a deep understanding of the intricacies of the construction industry at every level. This knowledge could prove instrumental in providing valuable insights and solutions tailored to the needs of construction professionals and businesses.

    Visit here:- https://pbibins.com/
    PBIB has a strong grasp of its products and the specific marketplace it operates within. With a background as former contractors, the company likely possesses a deep understanding of the intricacies of the construction industry at every level. This knowledge could prove instrumental in providing valuable insights and solutions tailored to the needs of construction professionals and businesses. Visit here:- https://pbibins.com/
    0 Yorumlar 0 hisse senetleri
  • Solvents Marketand its Types and Application
    The global solvents market size is projected to reach USD 67,837.8 million by 2028, exhibiting a CAGR of 6.0% during the forecast period. Fortune Business Insights in its report, titled “Solvents Market, 2021-2028”, states that the value of this market stood at USD 43,845.7 million in 2020.

    With the paints & coatings industry reeling from the effects of the economic fallout caused by the COVID-19 pandemic, the solvents market growth is facing a notable decline. The primary reasons for this market’s truncated growth in 2020 include the massive shortage of factory workers, closure of manufacturing facilities, and shrinking availability of raw materials. In 2020, the market’s growth rate fell by 2.96% and it is predicted to reach USD 45,058.8 million in 2021.


    AGC Chemicals Develops Eco-friendly Solutions for Cleaning Medical Devices

    In March 2020, AGC Chemicals Americas announced the development and launch of AsahiKlin™ AE-3000 and AMOLEA™ AT2, the company’s newest fluorinated solvents. The novel offerings have been formulated to enable manufacturers to adhere to the stringent environmental regulations for the precision cleaning of medical devices. With traditional solvents such as n-propyl bromide and trichloroethylene being investigated by the US Environmental Agency for potential risks, AGC’s new formulations can function as the perfect alternative solutions for the manufacturing of chemicals for various end-use applications. Moreover, the solutions have no ozone depletion properties, low surface tension, and low global warming potential, making them ideal for cleaning a wide range of critical medical devices.

    Increasing Demand for Paints & Coatings to Propel the Market

    Paints and coatings are critical components in construction and building operations. With construction and infrastructure development activities gathering rapid momentum around the globe, the application areas of paints and coatings are speedily widening. For example, a study by Oxford Economics forecasts that the output value of construction activities will surge by 85% through 2030, reaching USD 15.5 trillion. This growth will be led by the intensifying demand for buildings & constructions in China, India, and the U.S. Solvents are highly useful in preventing the formation of clumps and globs in paints, while their cost-effectiveness, durability, and temperature resistance make them suitable in the formulation of coatings. Thus, the incredible growth of the construction industry will spawn spectacular opportunities for specialty chemicals in the forthcoming decade.

    Industrial Cleaning Segment to Showcase Promising Progress

    On the basis of application, the market has been divided into paints & coatings, printing inks, industrial cleaning, adhesives, and others. Among these, the industrial cleaning segment is expected to display excellent growth prospects as solvents are extensively deployed in industrial settings to remove dirt, dust, and oil remnants that gather on surfaces and crevices of machines, equipment, and the shop floor. In 2020, this segment held a share of 14.0% in the global market and a share of 13.6% in the China market.

    Based on product type, the market is categorized into alcohols, ketones, esters, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

    Information Source:

    https://www.fortunebusinessinsights.com/industrial-solvents-market-102135
    Solvents Marketand its Types and Application The global solvents market size is projected to reach USD 67,837.8 million by 2028, exhibiting a CAGR of 6.0% during the forecast period. Fortune Business Insights in its report, titled “Solvents Market, 2021-2028”, states that the value of this market stood at USD 43,845.7 million in 2020. With the paints & coatings industry reeling from the effects of the economic fallout caused by the COVID-19 pandemic, the solvents market growth is facing a notable decline. The primary reasons for this market’s truncated growth in 2020 include the massive shortage of factory workers, closure of manufacturing facilities, and shrinking availability of raw materials. In 2020, the market’s growth rate fell by 2.96% and it is predicted to reach USD 45,058.8 million in 2021. AGC Chemicals Develops Eco-friendly Solutions for Cleaning Medical Devices In March 2020, AGC Chemicals Americas announced the development and launch of AsahiKlin™ AE-3000 and AMOLEA™ AT2, the company’s newest fluorinated solvents. The novel offerings have been formulated to enable manufacturers to adhere to the stringent environmental regulations for the precision cleaning of medical devices. With traditional solvents such as n-propyl bromide and trichloroethylene being investigated by the US Environmental Agency for potential risks, AGC’s new formulations can function as the perfect alternative solutions for the manufacturing of chemicals for various end-use applications. Moreover, the solutions have no ozone depletion properties, low surface tension, and low global warming potential, making them ideal for cleaning a wide range of critical medical devices. Increasing Demand for Paints & Coatings to Propel the Market Paints and coatings are critical components in construction and building operations. With construction and infrastructure development activities gathering rapid momentum around the globe, the application areas of paints and coatings are speedily widening. For example, a study by Oxford Economics forecasts that the output value of construction activities will surge by 85% through 2030, reaching USD 15.5 trillion. This growth will be led by the intensifying demand for buildings & constructions in China, India, and the U.S. Solvents are highly useful in preventing the formation of clumps and globs in paints, while their cost-effectiveness, durability, and temperature resistance make them suitable in the formulation of coatings. Thus, the incredible growth of the construction industry will spawn spectacular opportunities for specialty chemicals in the forthcoming decade. Industrial Cleaning Segment to Showcase Promising Progress On the basis of application, the market has been divided into paints & coatings, printing inks, industrial cleaning, adhesives, and others. Among these, the industrial cleaning segment is expected to display excellent growth prospects as solvents are extensively deployed in industrial settings to remove dirt, dust, and oil remnants that gather on surfaces and crevices of machines, equipment, and the shop floor. In 2020, this segment held a share of 14.0% in the global market and a share of 13.6% in the China market. Based on product type, the market is categorized into alcohols, ketones, esters, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Information Source: https://www.fortunebusinessinsights.com/industrial-solvents-market-102135
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Solvents Market Size, Growth & Trends | Report [2021-2028]
    The global solvents market is projected to grow from $45,058.8 million in 2021 to $67,837.8 million in 2028 at a CAGR of 6.0% in forecast period 2021-2028
    0 Yorumlar 0 hisse senetleri
  • Silt Curtain Market Size, Share And Major Industry Players Forecast (2020-2027)
    According to a report published by Fortune Business Insights, the market was worth USD 7,765.7 Thousand in 2019 and will exhibit a CAGR of 3.8% during the forecast period, 2020-2027. The global silt curtain market is projected to reach USD 10,271.8 Thousand by the end of 2027. Increasing demand for the product owing to widespread applications will emerge in favor of market growth.

    Silt curtains are primarily used in construction activities that are associated with, on, or near water bodies. They prevent unwanted sediments and substances from entering the waterways, thus minimizing pollution. These products are normally used to prevent damage to aquatic life. The increasing awareness regarding the preservation of aquatic life, spread by leading authorities across the world, will lead to wider adoption of the product. The increasing number of building and construction activities on and near the shores will contribute to the growing demand for the product across the world.

    Moreover, the efforts taken to minimize soil erosion will emerge in favor of the companies operating in the market. The massive investment in the development of efficient products will aid the growth of the overall market in the coming years.

    Increasing Construction Activities Will Provide Impetus to Market Growth

    The report encompasses several factors that have contributed to the growth of the market in recent years. It also discusses the impact on these factors on the growth of the market from a global perspective. The growth of the construction industry is attributable to factors such as technological advances in devices used, ease of availability of resources, and increasing investments. The increasing building and construction activities have led to a wide product adoption and subsequently high demand for silt curtains across the world. Applications of these products across diverse industry verticals have emerged in favor of the companies operating in the market.

    Moreover, the increasing demand for oil and gas resources, coupled with the rise in offshore as well as onshore drilling activities will have a positive impact on the growth of the market. Despite the massive potential held by the product, the coronavirus outbreak will bring stagnancy in the growth rate in the year 2019. Having said that, the market will witness new growth opportunities in the coming years owing to the efforts taken by large scale companies to compensate for the losses in the outbreak.


    North America; Rising Infrastructure Development Activities Will Aid Growth

    The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Asia Pacific accounts for the highest market share. The constantly rising construction population and subsequently rising construction and building activities will aid the growth of the market in the coming years. The focus on improving the interior architectures and infrastructures in numerous countries across this region will contribute to the growth of the market. Additionally, increasing product demand in emerging countries such as India, China, and Japan will bode for the growth of the regional market. Besides Asia Pacific, the market in North America will witness considerable growth owing to the increase onshore activities in the United States. As of 2019, the market in North America was worth USD 2.23 billion and this value is projected to increase further in the coming years.

    Information Source:

    https://www.fortunebusinessinsights.com/silt-curtain-market-102808
    Silt Curtain Market Size, Share And Major Industry Players Forecast (2020-2027) According to a report published by Fortune Business Insights, the market was worth USD 7,765.7 Thousand in 2019 and will exhibit a CAGR of 3.8% during the forecast period, 2020-2027. The global silt curtain market is projected to reach USD 10,271.8 Thousand by the end of 2027. Increasing demand for the product owing to widespread applications will emerge in favor of market growth. Silt curtains are primarily used in construction activities that are associated with, on, or near water bodies. They prevent unwanted sediments and substances from entering the waterways, thus minimizing pollution. These products are normally used to prevent damage to aquatic life. The increasing awareness regarding the preservation of aquatic life, spread by leading authorities across the world, will lead to wider adoption of the product. The increasing number of building and construction activities on and near the shores will contribute to the growing demand for the product across the world. Moreover, the efforts taken to minimize soil erosion will emerge in favor of the companies operating in the market. The massive investment in the development of efficient products will aid the growth of the overall market in the coming years. Increasing Construction Activities Will Provide Impetus to Market Growth The report encompasses several factors that have contributed to the growth of the market in recent years. It also discusses the impact on these factors on the growth of the market from a global perspective. The growth of the construction industry is attributable to factors such as technological advances in devices used, ease of availability of resources, and increasing investments. The increasing building and construction activities have led to a wide product adoption and subsequently high demand for silt curtains across the world. Applications of these products across diverse industry verticals have emerged in favor of the companies operating in the market. Moreover, the increasing demand for oil and gas resources, coupled with the rise in offshore as well as onshore drilling activities will have a positive impact on the growth of the market. Despite the massive potential held by the product, the coronavirus outbreak will bring stagnancy in the growth rate in the year 2019. Having said that, the market will witness new growth opportunities in the coming years owing to the efforts taken by large scale companies to compensate for the losses in the outbreak. North America; Rising Infrastructure Development Activities Will Aid Growth The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Asia Pacific accounts for the highest market share. The constantly rising construction population and subsequently rising construction and building activities will aid the growth of the market in the coming years. The focus on improving the interior architectures and infrastructures in numerous countries across this region will contribute to the growth of the market. Additionally, increasing product demand in emerging countries such as India, China, and Japan will bode for the growth of the regional market. Besides Asia Pacific, the market in North America will witness considerable growth owing to the increase onshore activities in the United States. As of 2019, the market in North America was worth USD 2.23 billion and this value is projected to increase further in the coming years. Information Source: https://www.fortunebusinessinsights.com/silt-curtain-market-102808
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Silt Curtain Market Size, Share, Growth | Global Industry Report, 2027
    The global silt curtain market size was USD 7,765.7 thousand in 2019 and is projected to reach USD 10,271.8 thousand by 2027, exhibiting a CAGR of 3.8% during the forecast period.
    0 Yorumlar 0 hisse senetleri
  • Green Cement Market size, share & Forecast 2023-2030

    The Green Cement Market, focused on sustainable and eco-friendly building materials, displays significant growth potential. As the construction industry embraces environmental responsibility, this market is set to expand, driven by innovations in low-carbon and energy-efficient cement production in the coming years.
    For more info:
    https://www.gmiresearch.com/report/green-cement-market/
    Green Cement Market size, share & Forecast 2023-2030 The Green Cement Market, focused on sustainable and eco-friendly building materials, displays significant growth potential. As the construction industry embraces environmental responsibility, this market is set to expand, driven by innovations in low-carbon and energy-efficient cement production in the coming years. For more info: https://www.gmiresearch.com/report/green-cement-market/
    WWW.GMIRESEARCH.COM
    Green Cement Market Size, Share & Growth Analysis Report 2030
    Green Cement Market reached USD 20.9 billion in 2022, and is expected to grow USD 32.9 billion in 2030, will grow at a robust CAGR of 5.8%.
    0 Yorumlar 0 hisse senetleri
  • Acetic Acid Market Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges and Global Forecast 2028
    The global acetic acid market size is expected to reach USD 13.79billion by 2027, exhibiting a CAGR of 8.4% during the forecast period. The rising consumption of solvents such as VAM in the chemical industry for paints & coatings, adhesives & sealants will bolster the healthy growth of the market, states Fortune Business Insights, in a report, titled “Acetic Acid Market Size, Share & Industry Analysis, By Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ester Solvents, Acetic Anhydride, Others), and Geography Forecast, 2020-2027.” The market size stood at USD 8.34 billion in 2019.


    Market Driver:

    Advancements in Polymer Development to Bolster Growth

    The growing technological advancements in polymers and products made out of VAM will significantly aid the expansion of the market. The growing demand for VAM in the production of ethylene vinyl alcohol (EVOH), a barrier resin in food packaging, gasoline tanks, and other engineering polymers will have an excellent effect on the market. Some other VAM derivatives such as vinyl chloride-vinyl acetate copolymers have applications in adhesives & sealants, which, in turn, will bolster the health of the market. Moreover, It also has applications in adhesive due to adhesion properties to different substrates that include wood, paper, metals, and plastic films.

    Decreased Production to Hamper Market in COVID-19 Pandemic

    The reduced production of chemicals has negatively impacted on the market growth. The shutdown of factories due to a shortage of laborers and diminished supply of raw materials can dwindle the sales, in turn, affecting the growth of the market. However, the demand for ethanoic acid alongside the high consumption of sanitizers will subsequently aid in the recovery of the business amid coronavirus. Besides, health and safety concerns in healthcare facilities will further improve the prospects of the market in the near future.

    Regional Analysis:

    Heavy Investments in Polymers to Promote Growth in Asia Pacific

    The market in Asia Pacific is expected to hold the largest share in the global market owing to the rising polymer formulations in the region. The chemical is a key raw material used for the production of polymers in industries across Japan, China, and India. China is a major leader in polymers and chemicals. China's capacity further helps in the high production of ethanoic acid. According, to Chemical Market Associates, Inc. (CMAI) 400,000 tons per year demand is in China, from the global average demand. The improving construction industry in India is expected to further boost growth in the region. Europe is expected to hold a significant share during the forecast period owing to the rising demand from end-use sectors. The growing import activities will aid expansion in Europe. Moreover, the high production of methanol carbonylation, which has accounted for up to 65% of the world capacity, and other process oxidation of acetaldehyde by German producer Wacker will significantly create opportunities for the market in the region.

    Information source:

    https://www.fortunebusinessinsights.com/acetic-acid-market-103386
    Acetic Acid Market Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges and Global Forecast 2028 The global acetic acid market size is expected to reach USD 13.79billion by 2027, exhibiting a CAGR of 8.4% during the forecast period. The rising consumption of solvents such as VAM in the chemical industry for paints & coatings, adhesives & sealants will bolster the healthy growth of the market, states Fortune Business Insights, in a report, titled “Acetic Acid Market Size, Share & Industry Analysis, By Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ester Solvents, Acetic Anhydride, Others), and Geography Forecast, 2020-2027.” The market size stood at USD 8.34 billion in 2019. Market Driver: Advancements in Polymer Development to Bolster Growth The growing technological advancements in polymers and products made out of VAM will significantly aid the expansion of the market. The growing demand for VAM in the production of ethylene vinyl alcohol (EVOH), a barrier resin in food packaging, gasoline tanks, and other engineering polymers will have an excellent effect on the market. Some other VAM derivatives such as vinyl chloride-vinyl acetate copolymers have applications in adhesives & sealants, which, in turn, will bolster the health of the market. Moreover, It also has applications in adhesive due to adhesion properties to different substrates that include wood, paper, metals, and plastic films. Decreased Production to Hamper Market in COVID-19 Pandemic The reduced production of chemicals has negatively impacted on the market growth. The shutdown of factories due to a shortage of laborers and diminished supply of raw materials can dwindle the sales, in turn, affecting the growth of the market. However, the demand for ethanoic acid alongside the high consumption of sanitizers will subsequently aid in the recovery of the business amid coronavirus. Besides, health and safety concerns in healthcare facilities will further improve the prospects of the market in the near future. Regional Analysis: Heavy Investments in Polymers to Promote Growth in Asia Pacific The market in Asia Pacific is expected to hold the largest share in the global market owing to the rising polymer formulations in the region. The chemical is a key raw material used for the production of polymers in industries across Japan, China, and India. China is a major leader in polymers and chemicals. China's capacity further helps in the high production of ethanoic acid. According, to Chemical Market Associates, Inc. (CMAI) 400,000 tons per year demand is in China, from the global average demand. The improving construction industry in India is expected to further boost growth in the region. Europe is expected to hold a significant share during the forecast period owing to the rising demand from end-use sectors. The growing import activities will aid expansion in Europe. Moreover, the high production of methanol carbonylation, which has accounted for up to 65% of the world capacity, and other process oxidation of acetaldehyde by German producer Wacker will significantly create opportunities for the market in the region. Information source: https://www.fortunebusinessinsights.com/acetic-acid-market-103386
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Acetic Acid Market Size, Share | Global Research Report [2028]
    The global acetic acid market is projected to grow from $7.29 billion in 2021 to $10.54 billion in 2028 at a CAGR of 5.4% in forecast period, 2021-2028
    0 Yorumlar 0 hisse senetleri
  • The global abrasives market size is expected to gain momentum by reaching USD 58,363.7 million by 2028 while exhibiting a CAGR of 5.8% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Abrasives Market, 2021-2028.”, mentions that the market stood at USD 37,317.1 million in 2020 and is likely to showcase significant growth in the forthcoming years. This is attributable to the increasing product’s demand from the construction industry worldwide.
    Source:
    https://www.fortunebusinessinsights.com/abrasives-market-102177



    The global abrasives market size is expected to gain momentum by reaching USD 58,363.7 million by 2028 while exhibiting a CAGR of 5.8% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Abrasives Market, 2021-2028.”, mentions that the market stood at USD 37,317.1 million in 2020 and is likely to showcase significant growth in the forthcoming years. This is attributable to the increasing product’s demand from the construction industry worldwide. Source: https://www.fortunebusinessinsights.com/abrasives-market-102177
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Abrasives Market Size to Reach USD 64.81 Billion by 2029
    The global abrasives market is projected to grow from $43.43 billion in 2022 to $64.81 billion by 2029, at a CAGR of 5.9% in forecast period, 2022-2029
    0 Yorumlar 0 hisse senetleri
  • The global glass curtain wall market size is projected to reach USD 71.14 billion by 2027, exhibiting a CAGR of 7.3% during the forecast period. Increasing foreign direct investment (FDI) in commercial construction projects in developing economies will be a powerful driving force for the market, postulates Fortune Business Insights™ in its report, titled “Glass Curtain Wall Market Size, Share & Industry Analysis, By Product Type (Stick-built, Unitized and other), By Application (Commercial buildings and Residential buildings), and Regional Forecast, 2020-2027”.

    Information Source- https://www.fortunebusinessinsights.com/glass-curtain-wall-market-103912

    Emerging economies in Asia and Africa are growing at a furious pace, which is creating enormous investment opportunities, particularly in the real estate sector, for investors and companies in the developed nations. With a view to attract investments, governments in these countries are simplifying processes and policies to create a friendly investment climate. For example, in India, the central government is contemplating allowing 100% FDI in completed real estate projects amid the COVID-19 pandemic. India already allows 100% FDI via the automatic route in construction development projects. Large investments in commercial and residential construction projects will naturally generate high demand for premium building aesthetics such as glass curtain wall systems, which will fuel the market growth.

    As per the report findings, the global market value stood at USD 48.06 billion in 2019. The main highlights of the report include:

    Actionable insights into the factors driving, constraining, and shaping the growth of the market;
    Comprehensive analysis of the key market segments;
    Exhaustive research into the regional developments impacting the market; and
    Detailed profiling and careful assessment of the key market players and their strategies.
    Market Restraint

    Contracting Construction Activities Worldwide amid COVID-19 to Truncate Growth

    Construction projects around the globe have hit a rock as governments in several countries have been imposing strict lockdown and social distancing measures to contain the spread of the coronavirus. The UK-based Royal Institution of Chartered Surveyors (RCIS) reported in August 2020 that 25% of construction projects, globally, had come to a halt in the second quarter of 2020, with on-site productivity falling by 12%. Furthermore, the RCIS estimated that overall growth in construction activities was -24% in the second quarter. Projects delays and cancellations look imminent and this will inevitably stymie the glass curtain wall market growth as builders and developers are unlikely to invest in and adopt high-end aesthetics such as glass curtain walls for their constructions. In the residential sector, diminished sentiments and economic downturn, especially in developing nations, will further inhibit investments in costly structural enhancements, which in turn affect the health of this market.

    Regional Insights

    Asia Pacific to Command the Market Share Backed by Strong Growth in Construction

    Asia Pacific dominated the glass curtain wall market share in 2019, boasting a market size of USD 20.04 billion. The singular reason for the region’s commanding position in the global market is the robust growth of the construction industry in India, China, Thailand, and Vietnam.

    The market in Europe is expected to perform impressively as commercial constructions in Eastern European countries are rapidly increasing. In addition, the construction industry in the UK in thriving, bolstering the regional market growth. In the Middle East & Africa region, the market will be led by the rich countries in the Gulf Cooperation Council (GCC), who are looking to diversify their economies by promoting sectors other than oil & gas.
    The global glass curtain wall market size is projected to reach USD 71.14 billion by 2027, exhibiting a CAGR of 7.3% during the forecast period. Increasing foreign direct investment (FDI) in commercial construction projects in developing economies will be a powerful driving force for the market, postulates Fortune Business Insights™ in its report, titled “Glass Curtain Wall Market Size, Share & Industry Analysis, By Product Type (Stick-built, Unitized and other), By Application (Commercial buildings and Residential buildings), and Regional Forecast, 2020-2027”. Information Source- https://www.fortunebusinessinsights.com/glass-curtain-wall-market-103912 Emerging economies in Asia and Africa are growing at a furious pace, which is creating enormous investment opportunities, particularly in the real estate sector, for investors and companies in the developed nations. With a view to attract investments, governments in these countries are simplifying processes and policies to create a friendly investment climate. For example, in India, the central government is contemplating allowing 100% FDI in completed real estate projects amid the COVID-19 pandemic. India already allows 100% FDI via the automatic route in construction development projects. Large investments in commercial and residential construction projects will naturally generate high demand for premium building aesthetics such as glass curtain wall systems, which will fuel the market growth. As per the report findings, the global market value stood at USD 48.06 billion in 2019. The main highlights of the report include: Actionable insights into the factors driving, constraining, and shaping the growth of the market; Comprehensive analysis of the key market segments; Exhaustive research into the regional developments impacting the market; and Detailed profiling and careful assessment of the key market players and their strategies. Market Restraint Contracting Construction Activities Worldwide amid COVID-19 to Truncate Growth Construction projects around the globe have hit a rock as governments in several countries have been imposing strict lockdown and social distancing measures to contain the spread of the coronavirus. The UK-based Royal Institution of Chartered Surveyors (RCIS) reported in August 2020 that 25% of construction projects, globally, had come to a halt in the second quarter of 2020, with on-site productivity falling by 12%. Furthermore, the RCIS estimated that overall growth in construction activities was -24% in the second quarter. Projects delays and cancellations look imminent and this will inevitably stymie the glass curtain wall market growth as builders and developers are unlikely to invest in and adopt high-end aesthetics such as glass curtain walls for their constructions. In the residential sector, diminished sentiments and economic downturn, especially in developing nations, will further inhibit investments in costly structural enhancements, which in turn affect the health of this market. Regional Insights Asia Pacific to Command the Market Share Backed by Strong Growth in Construction Asia Pacific dominated the glass curtain wall market share in 2019, boasting a market size of USD 20.04 billion. The singular reason for the region’s commanding position in the global market is the robust growth of the construction industry in India, China, Thailand, and Vietnam. The market in Europe is expected to perform impressively as commercial constructions in Eastern European countries are rapidly increasing. In addition, the construction industry in the UK in thriving, bolstering the regional market growth. In the Middle East & Africa region, the market will be led by the rich countries in the Gulf Cooperation Council (GCC), who are looking to diversify their economies by promoting sectors other than oil & gas.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Glass Curtain Wall Market Size, Growth | Global Report [2020-2027]
    The global glass curtain wall market size was $48.06 billion in 2019 & is projected to reach $71.14 billion by 2027, at a CAGR of 7.3% during the forecast period
    0 Yorumlar 0 hisse senetleri
Arama Sonuçları
Sponsorluk

Sponsorluk

Don't forget, ads time: PentaVerge | AQU | Debwan | ICICTE | Nasseej | ESol | OUST | CorpSNet | PoemsBook | TopDeals | TheReaderView