Construction Intelligence Report

  Europe Passive Fire Protection Industry Overview The Europe passive fire protection market size was valued at USD 1.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028. Rising exploration activities along with technological advancements in the oil and gas industry are likely to drive market growth over the forecast period. Rising consumer awareness regarding the benefits of firestops and fire barriers has boosted their installation in residential and commercial buildings, thereby driving the market. Increasing investments from oil and gas companies in Exploration and Production (E&P) activities and stringent regulations to make the drilling sites fire safe are likely to impact market growth positively. Increasing government initiatives to encourage both developed and developing economies to improve the overall status of passive fire protection in buildings and industries is expected to drive the market over the...

  Food Container Industry Overview The global food container market size was valued at USD 145.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. The market growth is expected to be driven by the growing demand for packaged food products across the globe. Moreover, the convenience offered by these containers in packaging, carrying, and transporting food products is another major factor driving the product demand in the global industry. Packaged foods primarily include Ready-To-Eat (RTE) meals, RTE convenience foods, frozen meals, cake mixes, snacks, and desserts, among others. The growing demand for these products is expected to force manufacturers to enhance production capacities, which, in turn, will fuel the demand for food containers over the forecast period. Due to the COVID-19 pandemic, the market witnessed sluggish growth in 2020. Raw material shortage due to supply chain disruption resulted in the reduced productio...

  Stone Paper Industry Overview The global stone paper market size was estimated at USD 785.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2020 to 2028. High demand for stone paper attributed to its sustainability and aesthetic quality from the paper packaging industry is one of the major factors driving the market. The temporary halt in manufacturing activities across various countries due to the pandemic led to disruptions in the product supply chain. In addition, manufacturers struggled to make changes in the operations to follow the norms of social distancing, leading to more disruptions and slowdowns throughout. The product demand spiked owing to massive demand from personal care and hygiene and food packaging due to changing consumer lifestyles during the pandemic. However, supply chain disruptions led to a shortage of raw materials across the globe, which adversely impacted the market for stone paper. The presence of highly...

  Iron Oxide Pigments Industry Overview The global iron oxide pigments market size was valued at USD 2.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028. The rapidly growing construction industry across emerging nations is expected to be the key growth factor for the market over the forecast period. Moreover, the growing utilization of iron oxide pigments in the coating industry owing to their excellent dispersibility and high strength, which make them suitable for use in different types of paints and coatings under extreme atmospheric and weather conditions, is expected to propel the market growth over the forecast period. Iron oxide pigments are widely used in various plastic products, including auto parts, fenders, soda bottles, food packaging, toys, and vinyl sidings. Iron oxide pigments are used as colorants in the aforementioned products. Gather more insights about the market drivers, restrains and growth of t...

  Laser Processing Industry Overview The global  laser processing market  size is expected to reach USD 38.22 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.1% from 2022 to 2030. The rising utilization of expensive laser-drilling techniques for oil and gas exploration purposes is projected to substitute the traditional methods. Decreasing drilling costs are anticipated to increase the feasibility of uneconomic oil deposits, thus positively impacting the market growth. The growing need for this type of processing in industrial solar modules is further expected to fuel the market growth.   The requirement for laser technology in the medical sector is projected to witness significant growth due to increasing technological advancements. These technical developments offer faster recovery time, smaller incisions, and lesser pain. The increasing adoption of these methodologies is expected to spur the demand...

  Polymer Foam Industry Overview The global  polymer foam market  size is expected to reach USD 170.1 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% from 2022 to 2030. Rising demand from the automotive and building and construction industries is likely to drive the market. Polymer foams are widely utilized in combination with other materials in various composite constructions, high-resilience foam seating, rigid insulation panels, automotive components, carpet underlays, upholstery stuffing, and packaging, among other applications.   Rigid types are primarily used as insulation material in construction and refrigeration applications. They are energy-efficient and help in cutting energy costs. Flexible types are mainly used as cushioning material in transportation, furniture, bedding, carpet underlay, and packaging, among others. The rising focus on the development of biodegradable foams owing to ...

  Hydrogen Generation Industry Overview The global  hydrogen generation market  size is expected to reach USD 225.55 billion by 2030, registering a CAGR of 6.4% during the forecast period, according to a new report by Grand View Research, Inc. The global hydrogen generation market is likely to be driven by the growing demand for cleaner fuel, coupled with increasing governmental regulations for the desulphurization of petroleum products.   Hydrogen is an effective energy carrier, and this quality is expected to contribute, significantly, to its further penetration into newer markets. The global electricity demand is anticipated to witness an increase by nearly two-thirds of the current demand in the forecast period. Focus on the projects, related to distributed power & utility, expected to bolster the demand for hydrogen generation market growth during the forecast period. The Methane Reforming segment led the market in 2021. This was the dominant segment in ...