Lucintel Blog: February 2024

Wednesday, February 28, 2024

Lucintel Forecasts Shutter Market to Reach $137 Billion by 2030

According to the recent study the Shutter Market is projected to reach an estimated $137 billion by 2030 from $85 billion in 2023, at a CAGR of 6.6% from 2024 to 2030. Growth in this market is primarily driven by growth in the construction industry, and an increase in remodeling, and continuing replacement activity in the construction industry.

Browse 73 figures/charts and 52 tables in this 202-page report to understand trends, opportunities and forecast in shutter market by product type (built on roller shutters, built in roller shutters, integrated roller shutters, and roller shutters with tilted laths), fixation type (door and window), material type (wood, synthetic, metal, and glass), operating system (manual and automated), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that built on roller shutters will remain the largest segment, and this segment is also expected to witness the highest growth over the forecast period due to the durability of this type of shutter. Built on roller shutters are also easy to install with minimum modification of the lintel of the door or window.

Within the global shutter market, residential will remain the largest end use industry and witness the highest growth over the forecast period due to increases in new housing construction.

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Europe will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the increasing usage of shutters in end use industries.

Assa Abloy Group, Bunka Shutter, Lixil Group, Sanwa Holdings Corporation, SKB Shutters, Heroal, and Hunter Douglas are the major suppliers in the shutter market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

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Lucintel Forecasts Human Microbiome Market to Reach $3 Billion by 2030

According to the recent study the human microbiome market is projected to reach an estimated $3 billion by 2030 at a CAGR of 17.8% from 2024 to 2030. Growth in this market is primarily driven by increasing focus on human microbiome therapies and growing technological advancements in metagenomics and next-generation sequencing.

Browse 119 figures/charts and 99 tables in this 209-page report to understand trends, opportunities and forecast in human microbiome market by product (prebiotics, probiotics, food, medical food, and drugs), disease type (infectious, metabolic/endocrine, cancer, blood, and neurological), research technology (proteomics, metabolomics, and genomics), application (therapeutics and diagnostics), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that probiotics will remain the largest segment over the forecast period due to increasing health concerns; growing awareness of the relationship between nutrition, diet, and health; and increasing penetration of the probiotic market in dairy and other foods.

Infectious disease will remain the largest disease type over the forecast period due to increasing cognizance of the negative effects of antibiotic use on the natural flora (such as disruptions), which has highlighted the need for specific bacterial-targeted therapies for infectious diseases.

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North America will remain the largest region over the forecast period due to increasing incidence of lifestyle-related diseases, rising awareness of preventive healthcare, availability of funding for microbiome research, and growing acceptance of probiotic products. APAC is expected to witness the highest growth over the forecast period due rising chronic diseases caused by changes in lifestyle and growing interest in human microbiome treatment approaches.

Enterome, Seres Therapeutics, 4D Pharma, DuPont, Vedanta Biosciences, Osel, Merck & Co., Second Genome, and Metabiomics Corporation are the major supplier in the human microbiome market.

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Lucintel Forecasts Glass Fiber Market to Reach $15 Billion by 2030

According to the recent study the glass fiber market is projected to reach an estimated $15 billion by 2030 at a CAGR of 3% 2023 to 2030. Growth in this market is primarily driven by rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.

Browse 104 figures/charts and 78 tables in this 219-page report to understand trends, opportunities and forecast in glass fiber market by end use (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, compression molding, prepreg layups, injection molding, and others), product type (single end roving, multi end roving, chopped strand mat, fabrics, chopped strand mat, continuous filament mat, chopped strand, and woven roving), and region (North America, Europe, Asia Pacific, and Rest of the World).

Lucintel forecasts that electrical and electronics will remain the largest end use by value and volume due to the growing market of communication devices are driving the demand for high performance PCBs which significantly drives the glass fiber market. Wind energy is expected to witness highest growth over the forecast period.

Chopped strand will remain the largest product type by value and volume over the forecast period due to its increasing use in automotive applications

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Asia Pacific is expected to remain the largest region by value and volume over the forecast period because of growth in construction, pipe and tanks, and the electrical and electronics segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India. ROW is expected to witness the highest growth over the forecast period.

Owens Corning, Jushi Group Co., Ltd., Chongqing Polycomp International Corporation, Taishan Fiberglass Inc., Taiwan Glass Group, Nippon Electric Glass Co. Ltd., Sichuan Weiibo. Co. Ltd, 3B the Fiber Glass Company (Goa Glass Fiber), Johns Manville Corporation, and Nitto Boseki Co. Ltd are the major suppliers in the glass fiber market.

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Lucintel
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Lucintel Forecasts Composites Market to Reach $70 Billion by 2030

According to the recent study the composites market is projected to reach an estimated $70 billion by 2030 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for lightweight materials in the aerospace & defense, and automotive industries; corrosion- and- chemical-resistant materials’ demand in the construction, and pipe & tank industries; electrical resistivity and high flame retardant materials’ demand in the electrical and electronics industry.

Browse 240 figures/charts and 55 tables in this 402-page report to understand trends, opportunities and forecast in composites market by end use industry (transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical & electronics, consumer goods, and others), manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg lay-up, and others), molding compound (SMC, BMC, and thermoplastic compounds), resin type (polyester, epoxy, vinyl ester, phenolic, and thermoplastic), fiber type (glass fiber composites, carbon fiber composites, and aramid fiber composites), fiberglass type (single end roving, multi end roving, chopped strand, woven roving, fabrics, chopped strand mat, continuous filament mat, and others), carbon fiber type (PAN based carbon fiber and pitched based carbon fiber), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts construction will remain the largest end use by value and volume due to increasing residential and commercial construction and growth in remolding activities. Aerospace is expected to witness highest growth over the forecast period.

Transportation will remain the largest end use market over the forecast period due to the increasing production and use of lightweight materials in transportation market. Aerospace is expected to witness the highest growth over the forecast period.

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Asia Pacific is expected to remain the largest region by value and volume, and it is also expected to experience the highest growth over the forecast period because of growth in construction, transportation, and the electrical and electronics segments. The major drivers for growth are increasing automotive production, high growth in construction, and infrastructure development.

Owens Corning, Jushi Group, Nippon Electric Glass Co Ltd., CPIC, Toray Industries, Hexcel Composites, Mitsubishi Rayon, Gurit, Polynt Reichhold are the major supplier in the composites market.

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Lucintel
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Lucintel Forecasts Carbon Fiber Market to Reach $5 Billion by 2030

According to the recent study the carbon fiber market is projected to reach an estimated $5 billion by 2030 at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by growth, owing to factors such as increasing demand for lightweight and fuel-efficient vehicles, aerospace advancements, wind energy expansion, and growing applications in sports and leisure sectors. Carbon fiber is widely used in industries such as automotive, aerospace, wind energy, sports equipment, construction, and marine, among others. The major drivers for market growth are growing demand for high performance and lightweight composite materials and increasing performance requirements in the end uses.

Browse 119 figures/charts and 113 tables in this 306-page report to understand trends, opportunities and forecast in carbon fiber market by end use (aerospace, industrial, and sporting goods), precursor type (PAN BASED based and Pitch based based), tow size (small tow (<=24k) and large tow(>24k)), modulus (standard modulus, intermediate modulus, and high modulus), and region (North America, Europe, and the Rest of the World).

Lucintel forecasts that industrial will remain the largest end use segment and aerospace is expected to witness highest growth over the forecast period.

PAN based carbon fiber will remain the largest segment and pitch based is expected to witness the highest growth over the forecast period.

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APAC is expected to remain the largest market and it is also expected to witness the highest growth over the forecast period due to demand from the industries of aerospace, automotive, and wind energy.

Toray Industries Inc., Hexcel Corporation, Mitsubishi Rayon Corporation Limited, Cytec Solvay Group, SGL Carbon Group, Teijin Limited, Formosa Plastics Corporation, DowAksa, Hyosung Corporation, Nippon Graphite Fiber Corporation, Kureha Corporation, Osaka Gas Chemical Corporation Ltd., Dalian Xingke Carbon Fiber Co., Jilin Jiyan High-Tech Fibers, Anshan Sinocarb Carbon Fibers Co., Ltd., Sinosteel Jilin Carbon Co., Ltd., Weihai Tuozhan Fiber , Zhongheng New Material, Zhongfu Shenying Carbon Fiber Co., Ltd., and Jiangsu Hengshen Fiber Materials Co., Ltd. are the major suppliers in the carbon fiber market.

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Lucintel
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Lucintel Forecasts PVC Window Market to Reach $79 Billion by 2030

According to the recent study the PVC window market is projected to reach an estimated $79 billion by 2030 at a CAGR of 3.5% from 2024 to 2030. Growth in this market is primarily driven by construction activities and increasing awareness towards sustainable, weather resistant, and cost effective construction practices.

Browse 73 figures/charts and 52 tables in this 202-page report to understand trends, opportunities and forecast in PVC window market by product (turn & tilt, sliding, casement, and other windows), end use (residential and commercial), type (new and replacement), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that turn & tilt PVC windows will remain the largest segment over the forecast period due to its easy to use operating function.

Within the global PVC window market, residential and commercial are major end use segments. Residential will remain the largest end use market during the forecast period due to growth in residential construction industry and increasing use of weather-resistant and energy efficient windows in buildings.

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APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing construction in developing countries like China and India. Cost effectiveness, sustainability and awareness of energy efficiency of the buildings promote the PVC window demand in the region.

Masco corporation, Fortune Brands Home & Security, Lixil Group, Deceuninck NV, PGT inc., and Griffon are the major suppliers in the PVC window market.

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Lucintel
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Lucintel Forecasts PVC Pipe Market to Reach $79 Billion by 2030

According to the recent study the PVC pipe market is projected to reach an estimated $79 billion by 2030 at a CAGR of 5% from 2024 to 2030. Growth in this market is primarily driven by residential and non-residential construction activities and replacement of aging pipelines.

Browse 139 figures/charts and 120 tables in this 251-page report to understand trends, opportunities and forecast in PVC pipe market by application (potable water, wastewater, agriculture, oil and gas, HVAC, and others), end use (residential, industrial and commercial), product form (rigid PVC pipe, and flexible PVC pipe), product type (unplasticized PVC, and plasticized PVC pipe (chlorinated PVC pipes, and others), diameter (small diameter and large diameter pipes), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that plasticized PVC pipes will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its heat and chemical resistance properties.

Within the global PVC pipe market, wastewater will remain the largest application over the forecast period due to the increasing urbanization and development of infrastructure.

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APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due increasing urbanization, infrastructure development, and the continuous growth of the residential construction.

China Lesso, Sekisui Chemicals, Supreme Industries, Finolex Industries, Formosa Plastics, and Astral Poly Technik are the major suppliers in the PVC pipe market.

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Lucintel
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Lucintel Forecasts Metal Tank Market to Reach $14 Billion by 2030

According to the recent study the metal tank market is projected to reach an estimated $14 billion by 2030 at a CAGR of 2.8% from 2024 to 2030. Growth in this market is primarily driven by growing construction activities, increasing refineries, and growing industrialization.

Browse 73 figures/charts and 52 tables in this 225–page report is developed to understand trends, opportunities and forecast in metal tank market by application (fuel, water & wastewater, fire protection, industrial, food & beverage, paper & pulp, and others), build (custom fabricated at the factory and custom fabricated and field erected), size (below 5,000 gallons, 5,000 to 25,000 gallons, and over 25,000 gallons), pressure (pressure and non- pressure), installation (above-ground and under-ground), and end use (oil & gas, industrial, and municipal & others).

Lucintel forecasts that aboveground metal tanks will remain the largest segment and witness the highest growth over the forecast period due to easier access for repairs and maintenance.

Within the metal tank market, oil and gas will remain the largest end use industry, and it is projected to witness the highest growth over the forecast period due to new establishment of refineries and increasing exploration and distribution activities.

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APAC will remain the largest region during the forecast period mainly due growth in pharmaceutical, power generation market has been growing rapidly in Asia owing economic expansion in India and China creating excellent potential for growth.

Major players of metal tank market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. CIMC, Worthington Industries, Matrix, Trinity, and Mcdermott are among the major metal tank providers.

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Lucintel
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Lucintel Forecasts Flexible Pipe Market to Reach $2 Billion by 2030

According to the recent study the flexible pipe market is projected to reach an estimated $2 billion by 2030 from $1.7 billion in 2023, at a CAGR of 4.2% from 2024 to 2030. Growth in this market is primarily driven by increasing oil & gas exploration activities, rise in demand for non-corrosive pipes, and acceptance of engineering-grade flexible materials.

Browse 98 figures/charts and 80 tables in this 178-page report to understand trends, opportunities and forecast in flexible pipe market by type (risers, jumpers, flow lines, and fluid transfer lines), raw material (high-density polyethylene, polyamides, polyvinylidene fluoride, and others), application (offshore (deep water, ultra-deep water, and subsea) and onshore), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that high-density polyethylene are expected to remain the largest segment due to its low cost and easy applicability.

Within the global flexible pipe market, the offshore application is expected to be the largest segment over the forecast period due to growing deep water, ultra-deep water, and subsea exploration activities.

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APAC is expected to remain the largest market and witness the highest growth rate over the forecast period high demand from emerging economies.

NOV Inc., TechnipFMC, Prysmian Group, Baker Hughes Company, Future Pipe Industries, Strohm, Shawcor, ContiTech AG, Magma Global Ltd., and Pipelife Nederland B.V. are the major suppliers in the flexible pipe market.

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Lucintel
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Email: roy.almaguer@lucintel.com
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