ReleaseWire Connect

Welding Equipment & Consumables Market to reach $25 billion by 2024. Rising income levels of the middle-class population in the developing countries like India, China, Mexico, Indonesia, and Brazil is fueling the automobile demand. This has also led to improvements in roads and other transit facilities.

Road construction was the biggest application segment for asphalt mixing plants market in 2016 and shall grow at a CAGR of 1.6% in the forecast duration. Asphalt mixing plants are primarily used to produce warm mix aggregate which is used in road construction and repair activities. Latin America and Asia Pacific, followed by Middle East & Africa, are increasing their investments in improving public infrastructure, of which, road repair and construction, accounts for a major part. This dynamic will subsequently push the product demand in above region over the next few years.

Fire Door Market size is estimated to exceed USD 16.7 billion by 2024. Strong construction output with increasing spending on safety equipment in both commercial as well as residential sector will drive the fire door market growth. Focus on fire safety and prevention from flame spreading in numerous industries has enhanced product demand.

U.S. baghouse filters market from veneer applications may witness gains at over 3.5% by 2024. They are widely used in doors & windows, composite panels and cabinetry. Increasing number of producers in domestic as well as international market engaged in manufacturing low end furniture & fixtures may favor industry growth.

Ceramic tiles market for wall might witness gains exceeding 9.5% over the forecast timeframe. Wall tiles are sunlight resistant which helps in retaining its color for extended years. Also, these are available in a wide spectrum of colors which makes them desirable in walls. These are widely used in kitchens owing to their easy to clean characteristics.

Rapid residential expansion coupled with favorable inclination towards the integration of a sustainable electrical network will drive the distribution transformer market size. The industry is set to witness a comprehensive turnaround subject to volant expansion of distribution networks across the emerging markets. In addition, rising investments from financial institutions to sustain the demand and supply parity across the globe will further stimulate the product demand.

Growing oil & gas industry will be the chief growth driver for the clear brine fluids market over the forecast duration. The product is extensively employed in drilling process and completion activities. It is used in conventional drilling for controlling high -temperature and high-pressure in reservoir and thereby reducing damage risk. Booming Oil & gas industry coupled with rising rig counts shall substantially contribute towards global clear brine fluids market growth during the forecast duration.

Flooring & plywood segment of wood adhesives and binders market is likely to witness gains close to CAGR 5%. This segment includes softwood and hardwood plywood applications. Wood Adhesives and Binders Market is forecast to reach USD 21 billion according to this new research report.

Automotive Robotics Market for SCARA robots used in the automobile industry will cross over 33 thousand units by 2024.

Rapid technological advancements resulting in high resolution, improved brightness and extensive color gamut is anticipated to dive global UHD/4K Panel Market growth over the forecast timeframe.