Marine Grease Market Is Anticipated To Growing At a CAGR Of 4.4% Till 2025

Global Marine Grease Market is expected to reach USD 348.4 million by 2025, according to a new report by Grand View Research, Inc. Increasing demand from the various end-use segments is a key factor driving the growth. The robust growth from shipping industry in Asia Pacific is expected to boost the market further over the forecast period.

Marine grease is a semi-solid substance, used in various vessels such as bulk carrier ships, cargo ships, tankers, passenger vessels as it provides enhanced lubrication under salty water conditions. In addition, it has numerous applications in high temperature and pressure conditions. The market is mainly driven by the demand for the bulk carriers and cargo vessels, as they are exposed to the complex operating environment during transportation of industrial and consumer goods.

In terms of revenue, lithium complex thickener accounted as the largest segment in 2016 and is anticipated to continue its trends with a growth rate of 4.7% over the forecast period. Increasing need for environmentally compatible and multi-purpose grease are the factors anticipated to propel the growth.

The demand is expected to surge owing to the development of new ports in the Asia Pacific region. Different grades as classified by the National Lubricating Grease Institute (NLGI) are used in various end-use areas as they provide the required properties such as resistance to water wash out, and corrosion prevention. Various types of NLGI graded greases are available to cater the requirement of the different types of vessels.

Full Research Report on Global Marine Grease Market Analysis:
http://www.grandviewresearch.com/industry-analysis/marine-grease-market

Further key findings from the report suggest:

• Lithium complex based thickener segment is expected to experience fastest growth in terms of value at a CAGR of 4.7% from 2017 to 2025 due to its property to serve as multipurpose grease
• Bulk carrier & cargo ships are expected to continue its dominance as the largest end-use segment in terms of revenue and is anticipated to reach USD 150.9 million by 2025. Rising purchasing power parity among emerging economies is expected to boost the growth of operation and maintenance of passenger ship segment which in-turn would boost the marine grease, expanding at a CAGR of 5.2% between the period from 2017 to 2025
• Asia Pacific market was valued at USD 88.2 million in 2016 and is projected to reach USD 139.8 million by 2025. Asia Pacific is expected to experience a surge in demand over the next eight years owing to new ports constructed in this region. In terms of revenue, the regional market is expected to grow at a CAGR of 5.3% between 2017 to 2025
• Key players including ExxonMobil Corporation, Chevron Lubricants, Shell Plc, Total Lubmarine, Lukoil Marine, Gulf Oil Marine, Penrite Oil are expected to hold significant share in the global market

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the Global Marine Grease Market on the basis of end-use, thickener type and region:

End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Bulk Carrier & Cargo Ships
• Passenger Ships
• Tankers
• Others

Thickener Type Outlook (Revenue, USD Million, 2014 - 2025)

• Lithium or Lithium Complex
• Calcium
• Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Netherlands
• Asia Pacific
• China
• India
• Japan
• Singapore
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
• South Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-marine-grease-market                         

About Grand View ResearchGrand 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: www.grandviewresearch.com

Thermochromic Materials Market Analysis by Product, Application, Region and Segment Forecast Up To 2025

Global Thermochromic Materials Market is expected to reach USD 7.31 Billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for reversible thermochromic materials in application industries is expected to drive demand over the forecast period.

Growing demand for thermochromic materials in food quality indicators to determine the quality of frozen meat and dairy products coupled with increasing use of thermochromic pigments in inks, paints, and coatings is expected to drive market growth over the forecast period.

Color diversity, cost effectiveness, and manufacturing process flexibility are some of the major advantages of thermochromic materials. As a result, the demand for thermochromic pigments in novelty products is increasing significantly. In addition, the use of reversible temperature-sensitive materials in baby products and sensors is expected to aid growth over the next eight years.

Complex chemical formulation coupled with the difficulty in maintaining the formulation stability of reversible thermochromic materials is expected to hamper the demand for the materials over the forecast period. However, constant research & development projects undertaken by the manufacturers is expected aid in the development of stable reversible materials, which in turn is likely to attract demand from the application industries.

Full Research Report on Global Thermochromic Materials Market Analysis:
http://www.grandviewresearch.com/industry-analysis/thermochromic-materials-market

Further key findings from the report suggest:

• Reversible thermochromic materials are expected to grow at CAGR of 5.0% over the forecast period on account of growing demand in baby diapers, sensors and chemical containers owing to its reversible characteristic
• Irreversible materials dominated the market with over 60% of the overall revenue share due to increasing demand for the product in novelty products and textile industry over the forecast period
• Thermochromic pigments accounted or the largest volume share in 2016 and is expected to continue its dominance over the forecast period owing to the increasing use of the pigments in the manufacturing of paints and inks
• Asia Pacific is expected to be the fastest growing region over the forecast period on account of the increasing demand for reversible as well as irreversible products in textile & novelty product manufacturing, and printing industry
• The industry is fragmented with manufacturers catering to their local markets, creating a monopoly. In addition, on account of the emerging industry and slow growth, the existing manufacturers prevent new players from entering the market.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials 

Grand View Research has segmented the Global Thermochromic Materials Market on the basis of product, application, and region:

Thermochromic Materials Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Reversible
• Irreversible

Thermochromic Materials Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Food quality indicators
• Papers
• Pigments
• Thermometers
• Others

Thermochromic Materials Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
  • U.S.
• Europe
• Germany
• UK
• China
• India
• Japan
• Brazil
• Asia Pacific
• Central & South America
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-thermochromic-materials-market                       

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: www.grandviewresearch.com

Battery Market Analysis by Product, Application, And Segment Forecast To 2024

Global Battery Market is expected to reach USD 132.55 billion by 2024, according to a new report by Grand View Research, Inc. Majorly consisting of primary and secondary batteries, the growth will be attributed to growing demand for secondary batteries that are rechargeable on account of rising demand for smart gadgets and electronics such as tablets, smartphone and other portable devices including the digital camera and laptop. 

Technological advancements in terms of cost reduction and enhanced efficiency are expected to open new avenues for the global market over the forecast period. Rising use in aircraft emergency systems in case of non-availability of APU’s for braking, ground operations and restarting the APU is expected to fuel high capacity battery demand. Low cost and high density of lead acid battery will encourage use in an emergency power supply and grid storage applications thus supplementing the market growth. 

Full Research Report on Global Battery Market Analysis:
http://www.grandviewresearch.com/industry-analysis/battery-market

Further key findings from the report suggest:

• Li-ion based batteries are expected to emerge as the most dominant segment owing to the growing demand in the automotive industry coupled with portable devices and electric power trains. The auto industry is experiencing high growth in plug-in hybrid and electric vehicles segment which is expected to propel demand. In addition, successful commercialization and lucrative incentives have been encouraging OEMs to introduce new hybrid and electric models in the market.
• Ni–Cd batteries find applications in portables devices such as wireless & cordless telephones and emergency lighting, rising use for which will drive market demand. Growing application scope in railways for emergency braking, locomotive starting, air-conditioning, coach lighting and power for signaling will further propel growth.
• Industrial application accounted for over 30.0% of the global market in 2015. The industrial application includes wheelchairs, golf carts, aviation, satellites, grid storage, forklifts and power tools. Rising energy requirements have resulted in increased use of storage applications on grid and off grid which has directly impacted demand for battery storage systems. Rapid industrialization in emerging economies of Asia Pacific and Latin America will utilize batteries in UPS devices, material handling systems, and power tools thus fueling market demand.
• Asia Pacific dominated the global battery market with revenue over USD 23.00 billion in 2015 on account of the presence of a majority of manufacturers in Japan and South Korea. Budding consumer electronics industry in India, Malaysia, Singapore and Thailand is expected to result in high demand for lithium-ion batteries in the next eight years. Increasing automobile production in India and China is projected to propel demand for lead acid batteries in the near future. In addition, laxity for regulations in these countries regarding automotive emissions and fuel efficiency is expected to provide immense potential for market growth.
• The global industry includes major conglomerates such as Hitachi, Sony, LG, Panasonic and GS Yuasa. Companies are moving towards lithium ion battery manufacturing owing to high potential in consumer electronics and electric vehicle market. Key companies are engaged in manufacturing of batteries with varying capacities suitable for different applications. Automotive Energy Supply Corporation and Panasonic are major shareholders in the lithium-ion electric vehicle segment. In February 2016, Johnson Controls Inc. made investments in its facility in Germany to improve its production capacity.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the Global Battery Market on the basis of product, application and region:

Battery Product Outlook (Revenue, USD Million, 2013 - 2024)

• Lead Acid
• Lithium ion
• Nickel Metal Hydride
• Nickel Cadmium
• Others

Battery Application Outlook (Revenue, USD Million, 2013 - 2024)

• Automobile
• Industrial
• Portable

Battery Regional Outlook (Revenue, USD Million, 22013 - 2024)

• North America     
• U.S.
• Europe     
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• MEA

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-battery-market                          

About Grand View ResearchGrand 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: www.grandviewresearch.com

Battery Management System Market Analysis by Battery Type, Topology, Application And Segment Forecast 2014-2025

Global Battery Management System (BMS) Market size is anticipated to reach USD 11.17 billion by 2025, according to a new report by Grand View Research, Inc. The growing trend of renewable energy generation was driven by the increasing concerns of climate change across the globe. Additionally, the decreasing prices of solar photovoltaic cells, favorable government incentives, and the declining costs of batteries are likely to increase the renewable energy generation.

However, the energy generated via the wind and solar sources is affected by weather, location, and time. Batteries used at wind turbines and in solar panels smooth the variabilities and store energy for future use. The prevailing safety issues, the resistance from utilities, and regulatory barriers have restricted the integration of these batteries into mainstream power systems.

Electricity grids are undergoing modernization with the implementation of power flow measurement and controlling power production & distribution and are gathering information on electricity use. Storage is a major barrier to the adoption of renewable energy. Several battery technologies including lead-acid, lithium-ion, and sodium sulphate have been developed and tested for applications such as grid investment deferral and arbitrage.

Energy storage systems (ESS) aid in storing renewable energy sources for further commercial use. The increasing demand for ESS is expected to augment the market demand over the forecast period. Lead-acid batteries are the most commonly used battery types in ESS, owing to applications such as standalone battery systems used to handle output fluctuations from the wind and solar power.

Full Research Report on Global Battery Management System (BMS) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/battery-management-system-market

Further key findings from the report suggest:

• The growing penetration of UPS solution in businesses to counter data loss is expected to spur the demand for BMS
• Lithium-ion batteries are used in applications requiring high-energy density solutions
• The lithium-ion based battery type is anticipated to witness a significant growth with a CAGR of over 22% over the projected period
• Centralized topology is anticipated to dominate the market in terms of revenue over the forecast period, owing to the increasing applications such as industrial UPS, Electric Vehicles (EV), drones, and energy storage system
• The stringent regulations toward carbon emissions in the developed countries and the growing penetration of EVs in the emerging economies are expected to spur the automotive application demand
• The Asia Pacific region is anticipated to portray high growth rate over the forecast period
• The key players in the BMS market include Texas Instruments, Inc. (U.S.), NXP Semiconductor N.V. (Netherlands), Elithion, Inc. (U.S.), and Vecture, Inc. (U.S.)

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the Battery Management System Market based on battery type, topology, application, and region:

BMS Battery Type Outlook (Revenue, USD Million, 2014 - 2025)

• Lithium-ion based
• Nickel based
• Lead-acid based
• Flow batteries

BMS Topology Outlook (Revenue, USD Million, 2014 - 2025)

• Centralized
• Distributed
• Modular

BMS Application Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Consumer electronics
• Energy
• Defense

BMS Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Netherlands
• Norway
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Middle East and Africa (MEA)

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/battery-management-system-bms-market-size-share                          

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: www.grandviewresearch.com

Barcode Printers Market Analysis by Product, Technology, End-Use And Segment Forecast To 2020

Global Barcode Printers Market is expected to reach USD 3.81 billion by 2020, according to a new study by Grand View Research, Inc. Increased demand for mobile barcode printers is expected to drive market growth over the forecast period. Implementation of bar-coded wristbands for personal identification in hospitals and events has augmented the demand for mobile barcode printers.

Growth of organized retail stores worldwide has significantly driven the barcode printers market, as products equipped with barcode tags enable faster and more efficient check-outs. Growing adoption of Radio Frequency Identification (RFID) may pose a challenge to market growth over the next six years owing to the numerous advantages offered by the technology, such as dynamic storage of information which can be updated periodically.

Full Research Report on Global Barcode Printers Market Analysis:
http://www.grandviewresearch.com/industry-analysis/barcode-printers-market

Further key findings from the study suggest:

• Industrial printers dominated the barcode printers market in 2013, accounting for over 60% of the overall revenue share. Mobile printers are expected to witness high growth over the forecast period owing to their ease of use and utility in numerous field-based applications; they have been increasingly used by organizations’ salespeople in order to conduct business and issue authentic invoices and receipts irrespective of the time and place.
• Thermal technology based printers accounted for over 60% of the market share as compared to their non-thermal counterparts, primarily because of their reliability, high speed, low noise and provision for easy cleaning. Among thermal technology based printers, the direct thermal technology is expected to witness significant growth over the forecast period owing to enhanced durability, low operational costs and elimination of the need for disposing used ink ribbons, making it more eco-friendly.
• Manufacturing applications led the market in 2013, accounting for over 35% of the overall revenue. Retail and healthcare are expected to be lucrative fields for the barcode printers market over the forecast period, with both projected to witness high growth rates. In healthcare, barcode printers have been extensively used for printing tags used in patient ID systems in order to prevent medical errors by enabling access to accurate patient information for surgical procedures and specimen collection.
• North America dominated the market in 2013, accounting for over 40% of the overall revenue. Asia Pacific is expected to witness high growth rate over the forecast period.
• The market has become increasingly consolidated owing to significant mergers and acquisitions in order to achieve growth across several product categories, verticals, and regions; for instance Honeywell’s acquisition of Intermec and SATO’s acquisition of Argox. Vendors have to deal with low profit margins owing to the highly commoditized nature of the market.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/electronic-devices

For the purpose of this study, Grand View Research has segmented the Global Barcode Printers Market on the basis of product, technology, end-use and region:

Barcode Printers Product Outlook (USD Million, 2012 – 2020)
    • Desktop
    • Mobile
    • Industrial
Barcode Printers Technology Outlook (USD Million, 2012 – 2020)
    • Thermal Transfer
    • Direct Thermal
    • Laser
    • Impact
    • Ink-Jet
Barcode Printers End-Use Outlook (USD Million, 2012 – 2020)
    • Healthcare
    • Manufacturing
    • Retail
    • Shipping
    • Government
Barcode Printers Regional Outlook (USD Million, 2012 – 2020)
    • North America
    • EMEA
    • Asia Pacific
    • Latin America

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-barcode-printers-market                        

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: www.grandviewresearch.com

Driverless Cars Market Analysis And Segment Forecast Up To 2024

Global Autonomous Cars Market is expected to reach 138,089 units by 2024, according to a new study by Grand View Research, Inc. The growing acceptance of semi-autonomous technologies, such as Adaptive Cruise Control (ACC), automatic parking, and forward collision avoidance, is anticipated to pave the way for the adoption of driverless automobiles over the next seven years. An upsurge in the demand for increased comfort and convenience, particularly in countries with an aging population, is expected to propel the driverless vehicles demand over the forecast period.

Features offered by the driverless cars primarily include a considerable decline in the frequency of road accidents caused due to human errors and easy commute. The self-driving technology exhibits a huge potential, owing to its capability to improve on-road safety, lower the energy consumption, and reduce congestion. Autonomous cars offer enhanced safety and efficiency over the conventional automobiles. Furthermore, driverless cars are anticipated to substantially impact the energy usage and reduce pollution. Autonomous vehicles can improve the fuel economy by accelerating & decelerating more effortlessly as compared to human drivers.

On the other hand, the high price of driverless vehicles may act as a hindrance for the market growth. The emotional implication of giving over personal safety and accountability to a machine may result in volatile public responses toward errors. The liability in case of accidents poses a key challenge for the government to address in advance to the adoption of autonomous cars. In addition to this, the penetration of driverless vehicles in taxis and other private point-to-point traveling industries is expected to increase the unemployment rate of drivers. Thus, the driverless vehicles are anticipated to witness mixed views. However, the increasing government support across the developed countries is expected to encourage the adoption of autonomous cars during the forecast period.

Full Research Report on Global Autonomous Cars/Driverless Cars Market Analysis:
http://www.grandviewresearch.com/industry-analysis/driverless-cars-market

Further key findings from the study suggest:

• North America is anticipated to dominate the market with over 40% of the volume share in 2017.The region is further anticipated to witness a considerable growth over the next seven years. This growth is primarily attributed to the growing acceptance of the self-driving cars on the public roads of the U.S. Alphabet Inc. is the first company to demonstrate the prototype in the U.S. and has been testing its automobiles in different weather conditions since 2009. Furthermore, the growing government support in amending the current policy to accommodate the driverless feature in automobiles is expected to clear gateway for its adoption.
• Asia Pacific is expected to witness a sluggish growth as compared to North America and Europe. However, it is anticipated to grow substantially in the later phase of the forecast period due to the growing adoption of technologically advanced cars in China. In addition, the Japanese government has specifically laid down a plan for the successful self-driving vehicle deployment and is expected to catapult the product demand over the forecast period.
• For the initial adoption, the manufacturers are anticipated to target countries which have a lower population, including Singapore, the Netherlands, and Sweden, to better analyze the response toward the acceptance of the technology before deploying it in countries with a larger potential. This is ascribed to be a key factor for the considerable growth in the aforementioned countries. Furthermore, the Singaporean government has also proposed to build separate roads for driverless automobiles to accelerate the adoption.
• Europe is a key region for the deployment of self-driving vehicles, owing to the high consumer preference for technologically advanced products. This region is estimated to hold more than 35% of the volume share in 2017. This is attributed to the presence of players such as Volvo, Volkswagen, PSA Peugeot Citroën, and Fiat Chrysler Automobiles in Germany and the UK. The European countries also focus on reducing pollution.
• The prominent industry participants include Apple Inc., Baidu Inc., Alphabet Inc., Tesla Motors, Inc., The Volvo Group, and Nissan Motor Company Ltd. The system developers focus on collaborating with the Body in White (BIW) providers to reduce the additional cost.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the Global Autonomous Cars/Driverless Cars Market on the basis of region:

Autonomous Cars Regional Outlook (Units; 2017 - 2024)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Netherlands
• Sweden
• Asia Pacific
• China
• Japan
• Australia
• Singapore
• Latin America
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-driverless-cars-market                        

About Grand View ResearchGrand 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: www.grandviewresearch.com

Cladding Market Is Anticipated To Grow At A Growth Rate Of 5.3% During Forecast Period 2014-2025

Global Cladding Market is expected to reach USD 111.1 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for enhanced moisture management & energy efficiency in project exteriors, especially from key construction industry participants including architects & designers.

The shift in trend towards protecting exterior walls and growing construction of nonresidential buildings such as offices & institutions in both developed and developing economies is expected to drive cladding growth. Stringent green building regulations & codes such as the LEED certification and others are encouraging investments in lightweight & energy-efficient exterior panels in commercial as well as residential buildings.

Abundant raw material supply is fostering investments from foreign manufacturers in Southeast Asian countries, along with technological advancements that are driving growth in the Asian markets. Rising consumer disposable income and rising construction spending in these economies are also responsible for driving growth.

Terracotta cladding is anticipated to remain the dominant product segment with over 25% of the volume share in 2016. Terracotta is anticipated to grow on account of its inherent properties such as low water absorption, non-flammable, frost proof and anti-graffiti. The warm, natural look and texture of this material is combined with a more modern, highly articulated cladding system on walls.

Full Research Report on Global Cladding Market Analysis:
http://www.grandviewresearch.com/industry-analysis/cladding-market

Further key findings from the report suggest:

• The global cladding demand exceeded 5.4 million sq. meters in 2016 and is expected to grow at a CAGR of 4.8% from 2017 to 2025
• Ceramic panels are extremely hygienic since it is easy to clean, resistant to external weather conditions and requires low maintenance. Additionally, the material is inflammable and scratch resistant which has fostered its demand in residential applications, as home-owners seek more sustainable and safe solutions.
• Fiber cement panels possess properties to resist fungi, mold and bacteria growth, which has led to an increase in their demand.
• Fiber cement panels also require special installation tools and can be installed over any form of substrate, which is expected to drive their growth at 5.6% CAGR from 2017 to 2025.
• Increase in spending on the development of educational and healthcare buildings is expected to drive growth in the institutional segment. Exterior walls in schools & colleges require thermal insulation & impact resistance at a low cost, with frequent repair or maintenance efforts, which is facilitated by such panels.
• Growing population in emerging economies of Asia Pacific and Latin America is expected to drive demand for educational, commercial & official spaces.
• Construction of healthcare facilities with advanced technologies & boom of medical tourism particularly in Asia shall increase construction spending, thereby propelling demand for façade panels.
• Key companies operating in the industry include Kingspan, Carea, Celotex, Al Ghurair, GB Architectural, CGL Facades, Trespa, Middle East Insulation, and Avenere.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the Global Cladding Market on the basis of product, application, and region:

Cladding Product Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

• Steel
• Aluminum
• Composite Materials
• Fiber Cement
• Terracotta
• Ceramic
• Others

Cladding Application Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

• Residential
• Industrial
• Commercial
• Offices
• Institutional

Cladding Regional Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Asia Pacific
• China
• India
• Japan
• Latin America
• Mexico
• Brazil
• Middle East & Africa
• Bahrain
• Egypt
• Iran
• Iraq
• Jordan
• Kuwait
• Libya
• Oman
• Qatar
• Saudi Arabia
• Sudan
• Syria
• Turkey
• United Arab Emirates

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cladding-market                       

About Grand View ResearchGrand 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: www.grandviewresearch.com