LLDPE & LDPE films are the fastest-growing segment in the construction films market in terms of both value and volume.
The LDPE & LLDPE segment is expected to be the fastest-growing application in the overall construction films market during the forecast period in terms of value and volume. LLDPE & LDPE films are widely used in the construction industry due to superior properties such as tensile strength, resistance to moisture, chemicals, and protection from UV rays and flexibility. These films are in high demand from residential and commercial end-use segments in cladding, roofing, doors and windows, furniture, and others.
Films for Protective & Barrier use dominated the construction film market in terms of both value and volume.
Construction Films Market worth $12.9 billion by 2026 - Exclusive Report by MarketsandMarkets
CHICAGO, May 13, 2021 /PRNewswire/ According to the new market research report Construction Films Market
by Type (LDPE &LLDPE, HDPE, PP, PVC, PVB, PET/BOPET, PA/BOPA, PVC, PVB), Application(Protective & Barrier, Decorative), End-Use Industry (Residential, Commercial, Industrial, Civil Engineering) & Region - Global Forecast to 2026 , published by MarketsandMarkets, the global Construction Films Market is expected to grow from USD 9.9 billion in 2020 to USD 12.9 billion by 2026, at a CAGR of 4.0% during the forecast period. Increasing demand from civil engineering industry is driving the growth of the market.
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Carbon fiber type of medical composites comprises a major share of the medical composites market in terms of value and volume
Carbon fiber composites comprise carbon fibers and different matrix resins. The use of carbon fiber composites in medical applications provides strength, stiffness, and fatigue resistance. These composites are radiolucent and non-magnetic, thereby giving minimum after-effects during diagnostic imaging. In orthopedic and body implant applications, these carbon fiber composite products reduce the risk of allergies. The carbon fiber composites-based medical equipment market has been growing significantly over the last three to five years owing to increasing demand in imaging components, prosthetic applications, wheels-chairs, surgical tables, and oncology treatment, among others. The market growth is also driven by technological innovations and increased use in new medical devices such as tabletops of X-ray machines and patient positioning tables.
The increasing use of rare-earth elements that are used in the permanent magnet application are likely to drive the rare-earth metals market. APAC is the fastest-growing market for rare-earth metals due to increase in production and consumption in China. Significant usage of permanent magnets offer a huge impetus to these advanced materials, are expected to drive the rare-earth metals market in the region.
The Neodymium Oxide segment is projected to lead the global rare-earth metals market through 2026
Neodymium oxide is used to produce magnets which are found in most modern vehicles and aircraft as well as popular consumer electronics, such as headphones, microphones, and computer discs . It is used in high-strength permanent magnets that are also known as neodymium-iron-boron (NdFeB) magnets and are one of the strongest magnets in the world. Incresing use of Clean energy application has driven the market.
Rare-Earth Metals Market worth $9.6 billion by 2026 - Exclusive Report by MarketsandMarkets
CHICAGO, April 1, 2021 /PRNewswire/ According to the new market research report Rare-Earth Metals Market
by (Lanthanum, Cerium, Neodymium, Praseodymium, Samarium, Europium, & Others), and Application (Permanent Magnets, Metals Alloys, Polishing, Additives, Catalysts, Phosphors), Region - Global Forecast to 2026 , published by MarketsandMarkets, the Rare-Earth Metals Market is projected to grow from USD 5.3 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 12.33% during the forecast period.
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