Monday 27 February 2017

Substation Automation Market Estimates and Forecast up to 2024 by Technology Distributors, Vendors, and Leading Participants

Global Substation Automation Market size is expected to reach USD 185.80 billion by 2024 according to a new report by Grand View Research, Inc. The increasing requirement for operation efficiency, improved quality, increased production, high uptime, and ease of monitoring and controlling the industrial process are factors that are expected to contribute to the industry growth.

The growing advancements in the smart grid technology are increasing the scope for SCADA systems. The primary factors leading to the rising adoption of the smart grid technology include improved reliability, efficiency, and sustainability of the existing power systems. They are widely used in automation technologies, which actively monitor transmission and distribution grids.

The energy and power utilities are focusing on minimizing the distribution and transmission losses, which has resulted in the increasing deployment of substation automation, driving the industry growth. Moreover, utilities across the world are facing a high requirement for improved electric service reliability and stability. They are focusing on improving the resiliency of the grid, which is contributing toward the high industry demand.

Access for Full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/substation-automation-market


Further key findings from the report suggest:

  • Programmable Logic Controllers (PLCs) are expected to witness a considerable growth at a CAGR of nearly 3% over the forecast period owing to the technological advancements. Developments such as miniaturization, low cost, and improved power have led to an increased adoption of PLC systems. Moreover, the surge in the technology and pricing innovation in the PLC industry, owing to the intense competition among the tier-one companies and rising customer demand, is anticipated to drive the industry over the forecast period.
  • Furthermore, the communication channel segment is expected to witness an extensive growth at a CAGR of over 9% from 2016 to 2024. The rising demand for advanced communication capabilities to communicate across remote areas with an improved overall efficiency of power utilities is the major factor boosting the segment growth.
  • The SCADA segment is estimated to grow at a considerable CAGR of over 9% from 2016 to 2024, owing to the increasing advancements in the smart grid technology. The primary factors leading to the rising adoption of the smart grid technology include improved reliability, efficiency, and sustainability of the existing power systems. The rising demand for the multi-touch SCADA technology across verticals such as industrial and manufacturing is further expected to spur the industry growth over the forecast period.
  • Copper wire communication was a prominent communication channel, accounting for a revenue share of around 42% in 2015. The copper wire communication has observed a high adoption owing to the low initial cost of copper base metal. However, it is anticipated to lose market share due to the emergence of advanced communication platforms, such as the Ethernet and optical fiber communication. The optical fiber communication segment is expected to grow at a CAGR of nearly 10% over the next eight years. The optical fiber used in the substation automation provides advantages such as immunity to EMI/RFI; secure data communications, and a higher bandwidth that supports higher data rates over long distances.
  • North America dominated the market with a significant revenue share of over 32% in 2015. However, emerging countries such as China and India are anticipated to drive the substantial demand in this region, owing to the increasing demand for energy efficiency and smart power infrastructure. The automation technology has become an integral part of the power systems worldwide. It is expected to drive power transmission and distribution, contributing to the market growth. Europe is anticipated to witness a considerable growth owing to the increasing demand for smart grid solutions in Western Europe.
  • The key industry players include ABB Ltd., Cisco Systems, Inc., Crompton Greaves Ltd., Eaton Corporation Plc., General Electric Company, Larsen & Toubro Limited, Siemens AG, Schneider Electric SE, Trilliant Holdings, Inc., and Venson Electric Pvt. Ltd. The manufacturers in the market are investing profoundly in developing advanced solutions and focusing on the potential opportunities in the industry.
View Blog on Related Reports from Same Category: http://www.grandviewresearch.com/blogs/technology 

Grand View Research has segmented the global substation automation market on the basis of component, module, communication channel, and region:

Substation Automation Component Outlook (Revenue, USD Million, 2014 - 2024)

  • Recloser controller
  • Programmable logical controller
  • Capacitor bank controller
  • Digital transducer/smart meter
  • Load tap controller
  • Communication channel
  • Digital relays
  • Others
Substation Automation Module Outlook (Revenue, USD Million, 2014 - 2024)
  • SCADA
  • IEDs
  • Communication network
Substation Automation Communication Channel Outlook (Revenue, USD Million, 2014 - 2024)
  • Ethernet
  • Power line communication
  • Copper wire communication
  • Optical fiber communication
Substation Automation Regional Outlook (Revenue, USD Million, 2014 - 2024)
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us@ 
www.grandviewresearch.com

Asia Pacific Sugar Substitutes Market Demand was valued over USD 2.0 billion and is anticipated to witness highest CAGR of over 6.0% from 2016 to 2024

Global Sugar Substitutes Market is expected to reach USD 19.10 billion by 2024, according to a new report by Grand View Research, Inc. Rising health conscious population coupled with increasing disposable income and growing consumption of low calorie and healthier food & beverages are the key driving forces propelling market growth.

The market is witnessing increasing incorporation of sugar substitutes into the health & personal care products which is expected to drive demand over the forecast period. Rising prevalence of health problems including obesity and diabetes along with fluctuating sugar prices hampering supply is anticipated to fuel sugar substitutes market growth.

Sugar substitutes are majorly used in the form of sorbitol, tagatose, and aspartame saccharine in health care, cosmetics, and food & beverage industry. Gaining importance of artificial sweeteners in the formulation of confectioneries, bakery, dairy, and frozen foods would have a strong impact on market growth over the next eight years.

Beverage manufacturers such as Coca-Cola Company have pursued their efforts on developing calorie-free substitutes, filed for patents to the FDA in relation with herb called stevia, which is used to impart sweetening characteristics to food and drinks. These developments are expected to facilitate other market players to incorporate these activities into their R&D portfolio and would open new market avenues over the forecast period.

Access for Full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/sugar-substitutes-market


Further key findings from the report suggest:

  • Beverages segment accounted for over 40% of global volume in 2015. This segment is expected to grow on account of growing demand for high-intensity sweeteners in alcoholic beverages, especially from developed economies such as North America and Europe. Additionally, sugar substitutes are gaining popularity as an additive in carbonated soft drinks for taste enhancement and calorie reduction.
  • Low-intensity sweeteners segment is expected to grow at a CAGR of over 5.0% from 2016 to 2024. Low-intensity sweeteners are an ideal substitute for sugar due to its superior functional properties. Growing demand from food & beverage industry will positively impact the growth of this segment in the near future.
  • Among applications, beverages segment dominated the global sugar substitutes market. However, food segment is anticipated to witness highest CAGR from 2016 to 2024. This is attributed to growing awareness among health conscious population and shifting consumer preferences to low-caloric food products.
  • North America market is expected to grow at a CAGR of 2.8% from 2016 to 2024. North America and Europe is expected to continue its dominance jointly in sugar substitutes market through continuing to invest in research and development activities and natural alternatives potential.
  • Demand forsugar substitutes in Europe was valued at over USD 2 billion in 2015. Germany is one of the major countries accounting for over 50% of European sugar substitutes market. Germany is Europe's leading location for food & beverage industry and second biggest in terms of medical technology production and medical services provider across the globe.
  • Leading market players including DuPont, Cargill, ADM, and Tate & Lyle are channelizing their efforts into the development of new products through significant R&D investments, utilizing advanced technologies to manufacture superior quality and cost-effective products. The key companies are also striving to raise awareness among consumers regarding the ambiguity with the sugar substitutes consumption, while strictly adhering to the international quality standards.
View Blogs on Related Reports from Same Category: http://www.grandviewresearch.com/blogs/food-and-beverages 

Grand View Research has segmented the global sugar substitutes market on the basis of product, application, and region:

Global sugar substitutes product outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

  • High intensity sweeteners
  • Low intensity sweeteners
  • High fructose syrup
Global sugar substitutes application outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)
  • Food
    • Bakery & Confectionery
    • Dairy
    •  Others
  • Beverages
  • Others
Global sugar substitutes regional outlook (Volume, Kilotons; Revenue, USD Million, 2013 - 2024)
  • North America
    • U.S.
  • Europe
  • Germany
  • China
  • Japan
  • Brazil
  • Asia Pacific
  • Latin America
  • Middle East & Africa
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us@ 
www.grandviewresearch.com

Synthetic Lubricants Market Outlook 2016-2024 by Regulatory Scenario and Expected Developments

Global Synthetic Lubricants Market is expected to reach USD 23.45 billion by 2024, according to a new report by Grand View Research, Inc. The rapidly expanding automotive industry, coupled with rising popularity of synthetic lubricants for automobile applications is projected to propel the market especially in countries such as South Korea, Brazil, and China. 

Synthetic lubricants provide numerous benefits when used for automotive applications such as excellent thermal stability and low friction. Rising awareness regarding the advantages of the product, as opposed to its mineral counterparts, will augment industry growth over the forecast period. A major application of synthetic lubricants is their use as heat transfer fluids in heavy machinery and heat exchangers. Rising industrial sector in Asia Pacific countries will propel product demand over the forecast period. 

Increasing R&D investment by companies for the introduction and development of improved grades is expected to fuel demand over the next eight years. However, low cost of mineral oils may reduce synthetic oil demand thus hampering industry development over the forecast period. Technological innovations related to anti-slip and flow properties of these products is expected to have a positive impact on the market over the forecast period.  

Access for full Detail of Report and Complete ROC: http://www.grandviewresearch.com/industry-analysis/synthetic-lubricants-market


Further key findings from the report suggest:

  • The global synthetic lubricants market demand was around 3,821.8 kilo tons in 2015 and is projected to reach 4,900.1 kilo tons by 2024 growing at a CAGR of 2.8% from 2016 to 2024.
  • PAO (Group IV) based synthetic lubricants was estimated at over 2,000.0 kilo tons. The compatibility of other mineral oils with synthetic oils is anticipated to be a major driver propelling the market. Although ester and PAG-based oils offer significantly better properties in comparison to PAO based oils, they are relatively more expensive which has thus resulted in lower market demand.
  • Engine oil was the largest application segment valued over USD 6,000.0 million in 2015. Rising need for high fuel economy coupled with growing demand for high-quality gear and motor oils is expected to have a positive impact on the market over the forecast period.
  • Asia Pacific is expected grow at a CAGR of over 3.0% from 2016 to 2024 on account of the growing industrial and automobile markets in the region. Furthermore, the European region witnessed the highest growth over the past few years on account of its large automotive manufacturing base in Germany.
  • The synthetic lubricants market is fragmented with few manufacturers investing heavily in R&D to gain a greater share of the market. Rising expenditure on the development and introduction of fire-resistant type hydraulic fluids and food grade oils is expected to be one of the critical success factors over the forecast period. Prominent market players include British Petroleum, Valvoline, Chevron, Shell, Exxon Mobil and Total.
Browse Blog on Related Reports from Same Category: http://www.grandviewresearch.com/blogs/bulk-chemicals 

Grand View Research has segmented the global synthetic lubricants market on the basis of product, application and region:

Synthetic Lubricants Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

  • PAO
  • Esters
  • PAG
Synthetic Lubricants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
  • Engine Oil
  • Heat Transfer Fluids (HTF)
  • Transmission Fluids
  • Metalworking Fluids
  • Others
Synthetic Lubricants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
  • North America
    • U.S.
  • Europe
  • Germany
  • UK
  • China
  • India
  • Brazil
  • U.A.E
  • Asia Pacific
  • Latin America
  • MEA
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us@ 
www.grandviewresearch.com

Orthopedic Navigation System Market Segmentation on the basis of Application, and Region

Global Orthopedic Navigation System Market is expected to reach USD 303.7 million by 2025, according to a new study by Grand View Research, Inc. Increasing geriatric population prone to orthopaedic diseases is a key contributing factor propelling the demand for orthopedic navigation systems over the forecast period. Osteoarthritis and osteoporosis are most common disorders in the population aged 70 years and above. Growing prevalence of these disorders results in increased economic burden on many countries.

According to the WHO, 9.6% of men and 18% of women are suffering from various forms of arthritis globally. Over 82% of people suffering from osteoarthritis have difficulty in movement and around 25% are not able to perform daily activities. Degenerative joint disorders affect majorly knee, hip, and ankle. Knee and hip replacement procedures are performed in 85% of patients suffering from osteoarthritis. Other factors include physical inactivity, obesity, unhealthy lifestyle, and injuries.

Access for full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/orthopedic-navigation-systems-market


Further key findings from the study suggest:

  • Rising demand for computer-assisted orthopaedic surgery due to associated advantages such as low recovery time and shorter hospital stay are anticipated to fuel the industry growth
  • Knee navigation systems held the largest market share in 2016 owing to increased adoption by healthcare professionals and ample availability of products
  • Asia Pacific regional market is anticipated to witness lucrative growth due to rising incidence of orthopaedic disorders and awareness levels amongst consumers regarding benefits of minimally invasive surgery
  • High economic development is boosting medical tourism in countries, such as India and China, which is expected to drive the growth by increasing the buying capacity of consumers
  • The market is moving toward consolidation; as large pharmaceuticals are focused on strategic acquisitions of smaller companies to gain competitive advantage in coming years
  • Companies are striving to gain revenue share via new product development, geographic expansion, and partnership alliances
  • For example, Brainlab and De Puy Synthes entered into an extended collaboration for providing effective spine alignment treatment via navigation system
  • Key players such as Biomet, Orthokey Italia, Brainlab, Stryker, and De Puy dominate the market and hold more than 70% of the revenue share as of 2016
  • The market is highly competitive in nature as major players are focusing towards the product innovation strategies due to changing need of healthcare establishments, surgeons and patients
  • For example, in May 2015, Medtronic announced that StealthStation, a surgical navigation technology has received approval from the U.S. FDA for expanded use of the same in other surgical procedures apart from neurosurgery
View Blog on Orthopedic Navigation System Market by Grand View Research: http://www.grandviewresearch.com/blog/orthopedic-navigation-system-market-size-share 

Grand View Research has segmented the orthopaedic navigation system market on the basis of application and region:

Orthopaedic Navigation System Application Outlook (Revenue, USD Million, Volume, 000’ Units, 2014 - 2025)

  • Spine
  • Hip
  • Knee
Orthopedic Navigation System Regional Outlook (Revenue, USD Million, Volume, 000’ Units, 2014 - 2025)
  • North America
    • U.S.
    • Canada
  • Europe
  • UK
  • Germany
  • Japan
  • China
  • India
  • Mexico
  • Brazil
  • South Africa
  • Asia Pacific
  • Latin America
  • MEA
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us@ 
www.grandviewresearch.com

Smart Transportation Market Quantitative Analysis by Market Revenue Estimates and Forecast up to 2024

Global Smart Transportation Market is estimated to reach a market size of USD 285.12 billion by 2024, according to a new study by Grand View Research, Inc. The growing number of on-road vehicles and the ineffective existing transport infrastructure will drive the need for an efficient management system. Favourable government initiatives toward building a better infrastructure and running the transport system smoothly are expected to boost the industry growth.

Increasing investments in the smart city product is anticipated to open new avenues for growth in the coming years as smart transportation is an integral part of the smart city. The growing government focus to reduce greenhouse gas emission and rising traffic congestion is anticipated to drive the industry growth over next eight years. The growing number of government mandates by the European Union (EU) and Directive on Intelligent Transport System is also anticipated to favour the industry growth over the forecast period.

The requirement of a huge capital for replacing the existing infrastructure with the smart technological advanced system is expected to hinder the industry growth. The long downtime for replacing the existing system may also pose a challenge to its growth and will affect the daily commutation activities.

Access for full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/smart-transportation-market


Further key findings from the study suggest:

  • Key solutions available in the market include the ticketing management system, parking management system, integrated supervision system, and traffic management system. The integrated supervision system is used for reducing traffic blocks, minimizing accidents, and providing better safety measures and holds high growth potential.
  • Key services include cloud service, business service, and professional service. The cloud service segment is anticipated to witness a surge in the demand, owing to the requirement for the storage of data generated through these systems.
  • Professional service vendors offer consulting services and may witness an increase in the demand over the next eight years, owing to the requirement of services for upgrading the existing infrastructure.
  • The North American region accounted for over 27% of the global revenue share in 2015 and Asia Pacific is estimated to be the fastest-growing segment, offering lucrative growth opportunities for the industry players. The increasing concentration of leading vendors for expansion and technological advancement in this region is expected to favor the regional growth over next eight years.
  • The European Union (EU) and government initiatives towards enhancing transport infrastructure are also expected to favor the European market growth. The Middle East is anticipated to witness an upsurge in the demand, owing to the increasing government investment in the transport infrastructure.
  • Key industry participants include Accenture PLC, Alstom, SA, Cisco System, Inc., Cubic Corporation, General Electric Company (GE), Indra Sistema S.A., International Business Machine (IBM) Corporation, Kapsch, LG CNS Corporation, and Xerox Corporation
View Blogs on Reports from Same Category: http://www.grandviewresearch.com/blogs/technology 

Grand View Research has segmented the global smart transportation market on the basis of solution, service and region:

Solution Outlook (Revenue, USD Million; 2014 - 2024)

  • Ticketing management system
  • Parking management system
  • Integrated supervision system
  • Traffic management system
Services Outlook (Revenue, USD Million; 2015 - 2024)
  • Cloud services
  • Business services
  • Professional services
Regional Outlook (Revenue, USD Million; 2014 - 2024)
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us@ 
www.grandviewresearch.com

Talent Management Software Market Report Covers Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors. and Trends

Global Talent Management Software Market is expected to reach USD 24.03 billion by 2025 according to a new report by Grand View Research, Inc. The talent management software industry is anticipated to undergo a series of changes owing to various factors such as decreasing employment rate, changing work environment, the rise of freelancing and contract work, and a globalized workforce.

The most pertinent of the factors is the advent of new software and technologies, such as big data analytics, social media, and the Internet. Mobile platforms are also revolutionizing some important talent management stages, such as recruitment and learning & training, thus driving competition in the market.

Industry leaders have been providing the products in the market for quite some time now but trends such as transparency, customization, and employee engagement are expected to be at the forefront of the new and upcoming offerings to customers. The increasing use of analytics to map the performances and predict the future outcomes has also had a positive effect on the adaptation to the technology in demand.

Solution integration and the availability of middleware from vendors are also an important step forward for the industry standardization. As the industry strides toward larger adoption and rapid developments in terms of capabilities, many new trends such as Massively Open Online Courses (MOOCs) and social media adherence, for either pre-hire assessment or employee feedback management, are gaining traction in the market.

Access for Full Detail of Report and Complete TOC: 
http://www.grandviewresearch.com/industry-analysis/talent-management-software-market

Further key findings from the report suggest:

  • The human resource departments are responsible for decisions concerning talent management systems and are witnessing a shift toward integrated solutions
  • Organizations, they are in search of platforms to integrate the disconnected systems
  • As the industry is moving toward digital management and cloud-based applications, there is a looming threat of data breaches and hacking incidents
  • Key industry participants include IBM Corp., Oracle Corp., SAP SE, Peoplefluent Inc., CornerStone OnDemand Inc., Haufe Group, Lumesse AS, DelTek Inc., Saba Software Inc., and Halogen Software Inc., among others
  • The industry may also witness a rise in the number of small companies and start-ups that address the niche markets and provide customized solutions while being susceptible to acquisitions and mergers of smaller firms as well as the entry of technology giants to capitalize on the market opportunities
View All Related Reports From Same Category: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies 

Grand View Research has segmented the talent management software market on the basis of solution, deployment, application, and region:

Talent management software solution outlook (Revenue, USD Million; 2014 - 2025)

  • Recruiting Management
  • Compensation Management
  • Employee Lifecycle Management
  • Learning and Training Management
  • Performance Management
Talent management software deployment outlook (Revenue, USD Million; 2014 - 2025)
  • On-Premise
  • Cloud
Talent management software application outlook (Revenue, USD Million; 2014 - 2025)
  • BFSI
  • Retail
  • IT & Telecom
  • Healthcare
  • Government
  • Education
  • Others
Talent management software regional outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • U.S.
    • Canada
  • Europe
  • Germany
  • UK
  • China
  • India
  • Japan
  • Brazil
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us@ 
www.grandviewresearch.com

Friday 24 February 2017

Wood Plastic Composite Market Outlook 2013-2024 by Global Raw Material Supply and Demand Statistics

Global Wood Plastic Composite Market is expected to reach USD 9.77 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for wood plastic composites in construction industry particularly in decking, fencing, and molding & siding applications is expected to be the key driver for the market growth. Superior mechanical strength, low maintenance and weight reduction offered by these products are expected to propel demand in the construction industry over the next eight years.

Rising automakers focus towards making every automotive part biodegradable, and recyclable is expected to open new avenues for the material over the next eight years. The product is used in door panels, seat cushions, cabin linings, backrests, and dashboards. The most commonly used wood species for commercial wood plastic composite products include maple, oak, and pine. Product cost and regional availability of raw material are expected to be a key factor for wood plastic composites manufacturers over the projected period.

Rising application scope for wood plastic composites for manufacturing various other products including musical instruments, shoe soles, toys, and trays is expected to have a positive impact on the market growth. Growing demand for bio-plastics in niche applications such as household electronics and edge protection for packaging is expected to propel demand over the projected period. 

Access for full Detail of Report and complete TOC: http://www.grandviewresearch.com/industry-analysis/wood-plastic-composites-market


Further key findings from the report suggest:

  • North America was the largest segment for the Wood Plastic Composite market in 2015 accounting over 45% of the global volume. Growing construction sector in the region owing to rising investments in new infrastructure projects is expected to augment growth. Furthermore, increasing residential and commercial building renovation activities in the region is expected to have a positive impact on the growth.
  • Polyethylene based wood plastic composites dominated the industry accounting over 55% of the market share. Excellent molecular bonding stability and structure offered by polypropylene, which makes the product robust, is expected to be a key factor for the product demand.
  • Europe demand for wood plastic composites in automotive applications was valued over USD 65 million in 2015. Automotive industry is the most crucial sector in the Europe and accounts over 4% of European GDP. Germany dominated the premium car production in 2015 accounting over 40% of the total market. Adoption of new technologies, increasing use of bio-based products and high investments in R&D are expected to open new avenues for the product market.
  • Key players in the industry include Advanced Environmental Recycling Technologies, Inc., Axion International, Inc., Fkur Kunststoff GmbH, Beologic N.V., Certainteed, Fiberon, LLC, JELU-WERK J. Ehrler GmbH & Co. KG, Guangzhou Kindwood Co. Ltd., Josef Ehrler GmbH & Co. Kg, Polymera, Inc., Renolit, Polyplank AB, Tamko Building Products, Inc., Timbertech and Trex Company, Inc.
Browse All Related Reports From same Category: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber 

Grand View Research has segmented the wood plastic composite market on the basis of product, application and region:

Wood Plastic Composite Market Product Outlook (Volume, KiloTons; Revenue, USD Million, 2013 - 2024)

  • Polyethylene
  • Polypropylene
  • Polyvinylchloride
  • Others
Wood Plastic Composite Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
  • Automotive components
  • Building and construction
    • Decking
    • Molding & siding
    • Fencing
  • Industrial and consumer goods
  • Others
Wood Plastic Composite Market Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
  • North America
    • U.S.
    • Canada
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • China
  • India
  • Japan
  • Australia
  • New Zealand
  • Brazil
  • Asia Pacific
  • Latin America
  • Middle East & Africa
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us@ 
www.grandviewresearch.com

Palm Oil Market Analysis Report Forecasts Revenue And Volume Growth At Global, Regional And Country Levels 2012-2022

In 2014, Global  Palm Oil Market  was valued at USD 61.09 billion.  The market is poised for growth owing to the increasing demand from th...