Lucintel Anticipates the Middle East FRP Pipe Market to Grow at a CAGR of 3.1% during 2014-2019

Fiber reinforced plastics (FRP) pipes are used in a variety of industries, such as, oil and gas, retail fuel, water and wastewater, sewage, and pulp and paper. The superior mechanical and anti-corrosion properties, low conductivity, and longer lifecycle make FRP pipes a natural choice both for general purpose and specialty applications. With increasing cost of iron and steel, FRP pipe has also emerged competitive in the large diameter pipe market, high-pressure areas, and elaborate pipe networks extending over several thousand kilometers. The demand for FRP pipes in the Middle East is increasi...
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Lucintel Estimates the Global FRP Panel Market to Reach $496 Million by 2018

FRP panels are used in a variety of industries, such as construction, automotive, and aerospace. In comparison to other materials, such as aluminum, concrete, and wood, FRP offers a number of features, including resistance to mold, mildew, and bacteria growth; high impact strength; high moisture resistance; chemical resistance; stain resistance; sanitary finish; low maintenance; and easy installation. All these make FRP materials an ideal choice for different applications in construction and transportation. FRP panels are growing in use for applications where weight saving, corrosion resistanc...
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Lucintel Forecasts Composite Materials Demand in the Global Boat Market to Grow to $1,355 Million by 2019

Composite materials have revolutionized the boat building process and have set new standards for performance and reliability. Composites materials are used in a variety of applications in the boating industry, such as hulls, decks, interiors, lids, hatches, transoms, stringers, cockpits, and engine parts. Fiberglass is the most common reinforcing material in the boating industry. Uses of carbon and aramid fibers are growing, especially in the racing boat sector and custom yacht manufacturing. Composite materials’ demand in the global boat market is expected to grow to $1,355 million by 2...
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Lucintel Anticipates the Global Automotive Coatings Industry to Grow at a CAGR of 3.2% during 2014-2019

Coatings enhance appearance, resist heat, chemicals and protect against corrosion. It ensures long protection of cars against external factors. The demand for automotive coatings is to grow at a CAGR of 3.2% during 2014-2019. The Asia Pacific region is expected to represent approximately 44.0% of the global automotive coatings industry by 2019. Revival in the automotive production and sales and changing environmental regulations have placed the automotive coatings industry on a positive growth track. Increasing number of vehicles in operation and improved coatings product features have boos...
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Lucintel Anticipates the Adhesives Market in the Global Automotive Industry to Reach $9.4 Billion by 2019

Adhesives in the automotive industry are used in all the categories of vehicles, including passenger cars, heavy trucks, buses, and light commercial vehicles. Structural adhesives offer fast processing speeds and exceptional bond strengths. These compounds are formulated to improve vehicle performance, improve safety, lower weight, and enhance comfort. Adhesives in the automotive industry are used in interior and exterior applications which include roof panels, doors, headliners, interior dashboards, and hoods. Passenger car is the largest segment with 54% consumption of adhesives. Adhesive...
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Lucintel Estimates Composite Materials Consumption in the Wind Energy Industry to Grow to $4 Billion by 2019

Composite materials are used in a variety of applications in the wind energy industry, such as wind turbine blades, nacelle covers, and spinners. Composite materials are used in the wind energy industry due to its high strength-to-weight ratio and good mechanical properties. The Asia Pacific region is expected to be the largest region with a market share of 40% in the global composite materials market in the wind energy industry. Total worldwide composites materials consumption in the wind energy market is expected to recover during the next five years (2014-2019) and grow to $4 billion by...
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