The U.S. wood plastic composite market size was valued at USD 1.90 billion in 2017. The market is primarily driven by growing demand from construction industry owing to rapid infrastructure development in U.S. Furthermore, demand from automotive industry is projected to fuel demand. Supportive regulations involving federal subsidies and various state incentives are expected to augment regional market expansion over the forecast period.
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The U.S. bathroom partition market size was estimated to be over USD 400 million in 2016. The market in the U.S. is currently influenced by the Leadership in Energy, and Environmental Design (LEED) ratings as per the U.S. Green Building Council (USGBC) rules to meet the sustainability goals.
The global synthetic diamond market size was estimated to be worth USD 14.9 billion in 2016. Also known as cultured, cultivated or artificial diamonds, they are increasingly used for an array of applications other than industrial including abrasives, laser optics, and telecommunication.
The global aluminum composite panel market size is anticipated to attain a significant size in terms of value by 2025. Increasing number of construction projects and growing global population are likely to stoke the growth of the market. Besides this, rapid urbanization and rising consciousness among people for environment conservation are contributing to the growth of the market. Increasing use of aluminum composite panels in mass transportation systems in cities is also expected to encourage the development of lightweight and cost efficient products.
The global graphite electrode market size was valued at USD 3.83 billion in 2016 and is anticipated to grow on account of increasing steel production through electric arc furnace (EAF) route in developed as well as developing nations.
The global packaging additives market size was 61.50 kilo tons in 2016 and is expected to witness a substantial growth due to the increasing demand for packing solutions across various industries including food, cosmetics, and pharmaceuticals.
Industrial gloves are mostly utilized for employee safety during hazardous conditions at workplace. Being a necessary commodity particularly in healthcare, food and chemical industry the gloves provide protection to hands and palm while performing a sensitive task. Normally, its usage provides resistance to heat, abrasion, chemicals, diseases &damage.
The adhesive films market is set to attain nearly USD 17 billion by 2024, at a CAGR over 6% during the forecast period (2016-2024).
Projected to grow at a CAGR of almost 13% from 2016 to 2024, ceramic filter market is expected to grow significantly over the forecast period owing to growing environmental concerns.
The automotive and construction industries are expected to remain major contributors for elevating the demand for tempered glass.
The global Plating on Plastics market value is expected to exceed USD 135 million by 2024 growing at an estimated CAGR of over 6.5% from 2016 to 2024.
Plano sunglasses market is expected to grow over the forecast period owing to the increasing awareness about the protection of eyes and growing population. The other drivers of this market are increasing demand for fashionable sunglasses, changing lifestyle and availability of technologically advanced products. Plano glasses have non-prescription lenses, so it is not used for vision correction. The main purpose of Plano glasses is to protect the eye from harmful ultra-violet rays.
Growing demand for steel processing and steel manufacturing along with recycling units is a key factor expected to drive silicon carbide market over the next five years. Increasing applications in major end-use industries including aerospace and aviation, electronics and semiconductor, steel and energy, military and defence, and medical and healthcare is anticipated to augment global silicon carbide market growth in near future. Silicon carbide also finds application in automotive industry.
Increasing permanent magnets demand is anticipated to augment global rare earth elements market growth over the next five years. Rare earth elements are also known as rare earth metals and belongs to a group of seventeen elements which comprise similar properties.