#India Office Furniture Market forecast

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Galvanized Steel Market Forecast to Reach $216.2 Billion by 2031

Meticulous Research®—a leading global market research company, published a research report titled, ‘Galvanized Steel Market by Product Type (Hot-dipped Galvanized Steel, Electro-galvanized Steel), Application (Building and Construction, Automotive, White Goods, Shipbuilding, Other Applications), and Geography - Global Forecast to 2031.’

According to a recent report by Meticulous Research, the galvanized steel market is projected to reach $216.2 billion by 2031, growing at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031. In terms of volume, the market is expected to reach 240.8 million tons by 2031, with a CAGR of 9.2% during the same period. This growth is primarily driven by increasing infrastructure investments and rising demand in the construction industry. However, market growth may be hindered by the volatility in raw material prices and stringent regulatory compliance and standards.

Technological advancements in the manufacturing process of galvanized steel are anticipated to offer growth opportunities. Nevertheless, high manufacturing costs remain a significant challenge for the market.

Market Segmentation and Key Insights

Product Type

The galvanized steel market is segmented into:

Hot-dipped galvanized steel:

Hot-dipped zinc coated galvanized steel

Hot-dipped aluminum coated galvanized steel

Hot-dipped Sn-zinc coated galvanized steel

Hot-dipped zinc-magnesium-aluminum alloy coated galvanized steel

Hot-dipped zinc-aluminum-silicon alloy coated galvanized steel

Hot-dipped zinc-aluminum-magnesium-silicon alloy coated galvanized steel

Electro-galvanized steel:

Electrolytic zinc-coated galvanized steel

Electrolytic zinc-nickel alloy-coated galvanized steel

Electrolytic nickel-coated galvanized steel

Electrolytic zinc-Sn-nickel alloy-coated galvanized steel

Electrolytic phosphate-treated galvanized steel

In 2024, hot-dipped galvanized steel is expected to dominate the market, accounting for over 75.0% of the share. This is due to its environmental and economic benefits, such as durability, corrosion resistance, and low maintenance costs. This segment is also projected to register the highest CAGR during the forecast period.

Application

The market is segmented by application into:

Building and construction: trusses, roofs, frames, exterior walls, interior walls, pipes and ducts, purlins, decking, and other applications.

Shipbuilding

Automotive

White goods: refrigerators, washing machines, air-conditioning units, microwave ovens, and other appliances.

Other appliances: electrical transmission towers, telecom towers, steel furniture, office equipment, and miscellaneous applications.

In 2024, the building and construction segment is expected to lead with over 45.0% market share, driven by the material’s cost-effectiveness, low maintenance, and durability. The white goods segment is expected to register the highest CAGR due to the substantial use of galvanized steel in manufacturing these products.

Regional Insights

The market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is anticipated to hold the largest market share at over 47.0%. This region’s rapid industrialization and urbanization, particularly in China, India, and Southeast Asia, are driving the demand for galvanized steel in various infrastructure and construction projects. The automotive sector also contributes significantly to market growth in this region. The Asia-Pacific market is projected to register the highest CAGR of 11.5% during the forecast period.

Key Market Players

Major players in the galvanized steel market include:

ArcelorMittal S.A. (Luxembourg), POSCO (South Korea), Nippon Steel Corporation (Japan), JFE Holdings, Inc. (Japan), ThyssenKrupp AG (Germany), NS Bluescope Steel Limited (Australia), JTL Infra Ltd. (India), Hesteel Group Company Limited (China), Hyundai Steel Co., Ltd (South Korea), Dongkuk Steel Group (South Korea), NLMK Group (Russia), Tata Steel Limited (India), FIW Steel Sdn. Bhd. (Malaysia), Anshan Iron and Steel Group Corporation (China), Galvaco Industries Sdn. Bhd. (Malaysia)

Recent Developments

Notable developments include:

Nippon Steel Corporation and ArcelorMittal S.A. announced a $1.1 billion investment to build advanced steel processing lines in India.

POSCO started constructing a plant in China to produce galvanized steel sheets for the automotive industry, with a capacity of 900,000 tons annually.

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Key Questions Answered in the Report:

What are the high-growth market segments in terms of product type and application?

What is the historical market size for the galvanized steel market?

What are the market forecasts and estimates for 2024–2031?

What are the major drivers, restraints, opportunities, challenges, and trends in the galvanized steel market?

Who are the major players in the galvanized steel market, and what are their market shares?

What is the competitive landscape like?

What are the recent developments in the galvanized steel market?

What are the different strategies adopted by major market players?

What are the trends and high-growth countries?

Who are the local emerging players in the galvanized steel market, and how do they compete with other players?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research  

[safaaaas]

Global Wood Furniture Market Dynamics and Strategies for Success 2024-2034

The Wood Furniture market report offered by Reports Intellect is meant to serve as a helpful means to evaluate the market together with an exhaustive scrutiny and crystal-clear statistics linked to this market. The report consists of the drivers and restraints of the Wood Furniture Market accompanied by their impact on the demand over the forecast period. Additionally, the report includes the study of prospects available in the market on a global level.

With tables and figures helping evaluate the Global Wood Furniture market, this research offers key statistics on the state of the industry and is a beneficial source of guidance and direction for companies and entities interested in the market. This report comes along with an additional Excel data-sheet suite taking quantitative data from all numeric forecasts offered in the study.

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Key players offered in the market: IKEA Ashley Furniture Industries NITORI Yihua Timber Huafeng Furniture Dorel Industries Nobilia Sauder Woodworking Suofeiya

Additionally, it takes account of the prominent players of the Wood Furniture market with insights including market share, product specifications, key strategies, contact details, and company profiles. Similarly, the report involves the market computed CAGR of the market created on previous records regarding the market and existing market trends accompanied by future developments. It also divulges the future impact of enforcing regulations and policies on the expansion of the Wood Furniture Market.

Scope and Segmentation of the Wood Furniture Market

The estimates for all segments including type and application/end-user have been provided on a regional basis for the forecast period from 2024 to 2034. We have applied a mix of bottom-up and top-down methods for market estimation, analyzing the crucial regional markets, dynamics, and trends for numerous applications. Moreover, the fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.

Wood Furniture Market Type Coverage: - Solid Wood Furniture Wood-Based Panels Furniture Miscellaneous Furniture

Wood Furniture Market Application Coverage: - Home Furniture Office Furniture Others

Regional Analysis:

North America Country (United States, Canada) South America Asia Country (China, Japan, India, Korea) Europe Country (Germany, UK, France, Italy) Other Countries (Middle East, Africa, GCC)

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The comprehensive report provides:

Complete assessment of all opportunities and threats in the global market.

Wood Furniture Market recent advancements and major events.

A thorough study of business policies for the growth of the Wood Furniture Market leading players.

Concluding study about the growth plot of Wood Furniture Market for upcoming years.

Detailed understanding of Wood Furniture Market particular drivers, restraints, and major micro markets.

Favorable impression inside vital technological and market latest trends hitting the Wood Furniture Market.

Reasons to Purchase Wood Furniture Market Research Report

Develop a competitive approach based on the competitive landscape

Build business strategy by identifying the high growth and attractive Wood Furniture market classifications

Identify potential business partners, gaining targets and business buyers

Design financial investment policies based on estimated high potential segments

Prepare management and tactical presentations using the Wood Furniture market data

Plan for new product promotion and portfolio in advance

Contact Us: sales@reportsintellect.com Phone No: + 1-706-996-2486 US Address: 225 Peachtree Street NE, Suite 400, Atlanta, GA 30303

[tritonmarketresearchamey]

Cam Locks Market | A Digital Revolution in Security Systems

A standard cam lock operates with a key that rotates the cam to lock or unlock the mechanism. Widely used, from personal lockers and office furniture to filing cabinets and vending machines, their efficient security drives its market growth. As per industry sources, most of the export shipments of cam locks were made to countries like Peru, the United States, and India. In this regard, Triton’s research predicts that the Global Cam Locks Market is expected to rise at a 4.26% CAGR over 2024-2032.

Cam locks can be tailored to specific customer needs, including adjustable cam lengths, various locking mechanisms, and compatibility with different key types. As the market grows, the potential for improved cam locks seems limitless, promising a digital future where security is smarter and more reliable.

Explore in detail about this market in our FREE sample-

Cam Locks Market: Leading Product Developments

Recent years have seen remarkable advancements in cam lock technology, driven by the demand for secure storage solutions and smarter locking systems. Manufacturers are integrating smart technologies into traditional locks; the digital cam locks market is bound to grow.

Smart Cam Locks:

This type offers keyless operations through numeric keypads, RFID cards, or Bluetooth connections. These smart cam locks provide enhanced security features such as audit trails, which track who accessed the lock and when.

For instance, in July 2023, ASSA ABLOY announced their SMARTair cam locks that offer both RFID and mobile access. The advantages of electronic access control highlight the shift towards more flexible and secure locking solutions.

Smart cam locks can remotely manage access permissions, significantly reducing the risk of unauthorized access. Furthermore, the adoption of smart technologies and the Internet of Things (IoT) in security systems has opened new avenues for innovation in the digital cam lock market.

Biometric Cam Locks:

Biometric technology has also made its way into the design, with cam lock manufacturers introducing locks that require fingerprint verification or facial recognition to unlock. Companies like Master Lock, Southco, and Blusafe are pivotal in introducing biometric cam locks to the market.

With a storage capacity of up to 100 fingerprints, these locks offer a higher security level. Thus, providing a long-term security solution, these features make them ideal in sensitive areas such as data centers and personal lockers.

Cam Locks for Environmental Durability

Another area of innovation is the development of cam locks designed for extreme conditions. These locks are made from materials resistant to corrosion, dust, and water, making them suitable for outdoor use, where traditional locks would quickly fail.

Biodegradable plastics and recycled metal alloys are some environment-friendly manufacturing materials used to reduce carbon emissions. Moreover, the trend towards sustainability has led manufacturers to offer customized cam locks in harsh environments such as marine applications.

Future Potential of Cam Locks

The future of cam locks lies in further integration with smart home and building management systems, allowing for seamless security solutions. In order to enable remote monitoring, artificial intelligence (AI) and machine learning (ML) technologies can be utilized to make smarter and reliable cam locks. With predictive security features that can detect and prevent unauthorized access attempts before they happen, the cam locks market is set to alter the landscape security technology.

Grab a Quick Read to Understand the Key Insights of the Cam Locks Market-

FAQs

Q.1) What are the common applications for cam locks in various industries?

Answer: Cam locks are widely used in numerous industries, such as furniture manufacturing, automotive, electronic enclosures, healthcare, and security. They cater to the demand for secure storage solutions for cabinets, drawers, mailboxes, vending machines, lockers, and more.

Q.2) What are the advantages of cam lock?

Answer: The key advantage of cam lock fittings lies in their capacity to offer swift and effortless connections. Engineered with a straightforward yet efficient mechanism, these locks enable prompt connection and disconnection without any specialized tools.

[ama2024]

https://www.advancemarketanalytics.com/reports/7322-global-wooden-furniture-market

Advance Market Analytics released a new market study on Global Solid Wood Furniture Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Solid Wood Furniture Forecast till 2029*.

Solid wood is defined as the lumber which has been milled directly from trees. There are numerous types of solid wood available, consequently, cabinetmakers, woodworkers, and carpenters can select from a large selection for their projects. Apiece type of solid wood has its own characteristics, with its color, grain pattern, and texture. In June 2018, according to an article published by the United States Census Bureau, the number of single-family homes completed were 795,000 in the country in 2017. Hence, rise in construction instruction and increasing usage of solid wood furniture in various application such as household use and commercial use are some of the major of the driver which are propelling the growth of the market in future.

Key Players included in the Research Coverage of Solid Wood Furniture Market are:

Bernhardt Furniture Co (United States), Dyrlund Sørensen A/S (Denmark), HOO’S (France), Leggett & Platt (United States), Flexsteel Industries, Inc. (United States), Driade SpA (Italy), Tropitone Furniture Company, Inc. (United States), Furniture & Things, Inc. (United States), Knoll, Inc. (United States), Huahe Capital (China),

What's Trending in Market: Investment on Infrastructure Projects in Developing Economies

Challenges: Slow Growth of Construction Sector in Some Region

Opportunities: Rising Demand from Emerging Economics such as China and India

Rise in Population and Urbanization in Emerging Economies

Market Growth Drivers: Growing Residential and Commercial Infrastructural Investment Coupled With Design Innovations in Production

Rising Outdoor Furniture Demand Owing to Outdoor Dinner and Open-Air Living, Particularly in Developed Nations

The Global Solid Wood Furniture Market segments and Market Data Break Down by Type (Bed, Set, Wardrobe, Chair, Table, Cabinet, Others), Application (Living Room, Dining Room, Bedroom, Hotel, Office, Outdoor, Supermarket, Bar, Others), Material (Laminated, Plywood, Blockboard, Others)

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To comprehend Global Solid Wood Furniture market dynamics in the world mainly, the worldwide Solid Wood Furniture market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas.

• North America: United States, Canada, and Mexico.

• South & Central America: Argentina, Chile, Colombia and Brazil.

• Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa.

• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia.

• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.

[straitsresearchreports]

Online Furniture Market Size, Growth Analysis, Trends to 2031

Straits Research, a leading market research and intelligence company in India, has published the latest report on the “Online Furniture Market” where you will find all the in-depth information regarding the industry.

The report is titled –“ Online Furniture Market Research Report: Global Opportunity Analysis and Industry Forecast from 2023-2031”.

The Global Online Furniture Market report published by Straits Research analyses the growth potential of the said industry across various industrial segments. It brings forth a detailed study of the influencing factors of the market that includes the growth drivers, restraints, opportunities, challenges and the recent developments of the major key players in the said industry along with an estimated CAGR for the global Online Furniture market.

Competitive Analysis – 

The “Online Furniture Market” report published offers a detailed in-depth analysis of the competitors operating in the industry with every inch of detail like history, financial and organizational growth, recent updates till the date the report is being published, etc. along with the forecasts of respective competitors.

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Ashley Furniture Industries

Ekornes Inc.

Herman Miller Inc.

Inter IKEA Systems B.V.

Steelcase Inc.

Are you concerned about the genuineness of the report? No need to worry! Get a FREE sample of our market reports and develop trust within our reports.

Research Methodology:

The global Online Furniture market report is prepared with an in-depth research process by following stringent guidelines and methodologies to offer you an accurate forecast for revenue generation and growth rate.

The overall market study is done through the data mining process by analyzing the revenues of the key vendors through sources like websites, annual reports, press releases, white papers, and government publishing sources.

Market Segmentation:

By Raw Material

Wood

Metal

Plastic

By Application

Household

Office

Contract

The Global Online Furniture Market Report forecasts the revenue growth with respect to significant geographies like -

North America (U.S., Canada)

Europe (U.K., Germany, France, Italy)

Asia-Pacific (China, India, Japan, Singapore, Malaysia)

Middle-East & Africa

Latin America (Brazil, Mexico)

For example, in the Online Furniture Market, the North American region has its dominance over the global market, which is explained in detail with the requisite figures in this report. Thus the report offers an in-depth analysis of the latest industry trends and developments in each of the segments and sub-segments for the forecasted period of 2023-2031. The report also studies various sub-segments and classifications of the Global Online Furniture Market.

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Key Findings of the Report:

The Global Online Furniture market report studies the market thoroughly and provides an approximate forecast for 2023-2031.

The said report includes an in-depth analysis of the latest developments in the Global Online Furniture market.

The report provides an easy-to-understand market definition and a list of leading players with their strategies to determine the market's competitive outlook.

The report also studies the drivers, restraints, opportunities, and challenges for the global Online Furniture market.

The Online Furniture market report provides historical data and forecasts revenue of the market segments and sub-segments for the main geographies including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The market for Online Furniture is partially consolidated and competitive, with the presence of leading players that contribute to the overall growth of the Online Furniture market.

Other features of the report:

The report analyzes key strategies focusing on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies. 

It provides valuable insights into the product portfolio, including product planning, development, and positioning in the global market.

The said report thoroughly studies the role of key players in the global Online Furniture market, along with their business developments and collaborations.

With all this detailed information specified related to the Global Online Furniture market, you might be interested to know more about the said market segment, for which you need to get the detailed research report of the Global Online Furniture Market published by Straits Research.

For that, you just need to click on the link below, do the transaction and get the report delivered to your mail-id. 

It's as Simple as That!

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Tools In-Depth Profiling With Key Players and Recent Developments, Forecast Period: 2021-2031

Tools Market Research, 2032

The global tools market size was valued at $91.8 billion in 2022, and is projected to reach $153.2 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. Tools encompass a wide range of manually and externally powered tools such as hand tools, and power tools, including garden tools. Hand tools are operated manually for cutting, gripping, and shaping metal, wood, or other materials. On the other hand, power tools are powered through electricity, or via pressurized air. Power tools make it easier for the operator to perform any task with less effort, thereby increasing productivity. Together these tools enable a range of tasks in woodworking, repair & renovation, and maintenance applications, along with various others.

According to UN forecasts, the world population is expected to increase from 8 billion in 2023 to 9.7 billion by 2050. Countries in the Asian and African continents are projected to play an important role in the global population growth and urbanization. This will lead to overcrowding of the cities in the world, which will require new buildings to be constructed along with other public infrastructure. For example, owing to overcrowding in the capital city Jakarta, Indonesia, government officials have planned to shift its capital to Nusantra, where several new buildings will be constructed. Similarly, in March 2023, the government of India considered a proposal to build eight new cities across the country, which may cost more than $360 million. Furthermore, residential, and commercial buildings such as shopping malls, hospitals, schools, and others are also being constructed across the globe. For instance, as of January 2023, a well-known building developer ‘Triple Five Group’ has planned to construct American Dream Mall near Everglades National Park in Florida. Furthermore, during construction, different big and small power and manual tools such as drills, material removal, saws, wrenches, demolition, hammers, and others are used in large numbers. Moreover, once the building has been constructed and finished, garden tools such as shears and pruning tools, striking tools, digging tools, blowers, land mowers, and others are used for creating and maintaining gardens. Thus, owing to an increase in demand for tools, major companies are expanding their production capabilities as well as opening new facilities in different parts of the world. For instance, in August 2022, Milwaukee Tool inaugurated its newest tool manufacturing plant in West Bend, Wisconsin, U.S. Thus, the rising number of buildings across the world is driving the growth of the global tools market. Moreover, demand for furniture is also increasing, as it is a primary need of any office and home. Commonly used furniture such as chairs, beds, tables, cabinets, and others are widely made using wood as well as other materials such as metal, and plastic. However, furniture made with wood is in high demand owing to its various features such as durability, premium appeal, high resale value, environment friendliness, and many more. Since, hand and power tools are extensively used for making furniture, the growing demand for furniture is also expected to have a positive influence on the tools market growth.

North America accounted for the highest market share in 2022 and Asia-Pacific is expected to grow with a higher CAGR throughout the projected period. North America is witnessing a rapid rise in construction activities in the major cities. For instance, according to the data from the U.S. Census Bureau, the spending in the construction sector increased from nearly $1,200 billion in January 2017, to nearly $1,600 billion in January 2023. The construction sector is a major user of power and hand tools, thus rise in the construction sector is expected to boost the tools market growth. Moreover, the DIY culture in the U.S., and Canada is also positively affecting the market growth. According to the data published by Harvard Joint Center for Housing Studies in 2021, around $797 is spent each year on do-it-yourself (DIY) projects by an average homeowner in the U.S. On the other hand, this expansion of the tools market in Asia-Pacific is attributable to rapid economic growth, and population growth, in countries such as China, India, Vietnam, and Indonesia, which eventually is expected to drive demand in the construction sector.

Competition Analysis

Competitive analysis and profiles of the major players in the tools market are provided in the report. Major companies in the report include Makita Corporation, Armstrong tools Inc., Snap-on Incorporated, Koki Holdings Co. Ltd., Hilti Corporation, Falcon Garden Tools, Bully Tools, Husqvarna Group, Robert Bosch GmbH, and Stanley Black and Decker Inc. Major players to remain competitive adopt development strategies such as product launch, business expansion, acquisition, and others. For instance, in December 2021, Makita UK, a power tool manufacturer launched a new cordless angle drill and a cordless earth auger.

Full Report With TOC:-https://www.alliedmarketresearch.com/tools-market-A107124

[alliedcreation]

Office Furniture Market | Business Status, Industry Trends and Forecast to 2023-2032

Office furniture mainly consists of chairs, tables, sofas, file cabinets, and cubicles with raw materials as wood, glass, vinyl, plywood, plastic, and steel. The office furniture market is majorly run by unorganized local players and some global players. With an urge to sustain in the market many global players are going into mergers and acquisitions so that the local market can be tapped. The rise of startups and co-working space has created new demand in the office furniture market. Innovations in the sector are related to the furniture that can give comfort and create a stress-free aura for employees all day and are modular to attract clients' and customers' attention. 

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COVID-19 Scenario Analysis: 

The industry was experiencing huge growth and demand from countries like China, India, and Indonesia but with work from home conditions provided by almost all the offices, there is rapid cancellation of contracts and a decrease in demand.

Being a huge labor intended sector all the manufacturing units are fully shut due to the unavailability of laborers and workers.

After stabilization of the current scenario, the Asia-Pacific countries like India, Japan, China, South Korea, and Indonesia are expected to experience growth in demand.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Change in the corporate’s mindset toward integrated, eco-friendly, comfortable, and attractive office space because of high real-estate prices has led to better use of the commercial space & accommodate more employees in single office hence increasing growth of global office furniture market. With the increase in the stress of work, there is an urge to develop furniture such that they reduce stress and provide the utmost comfortable and productive environment. In addition, investment of government and private players in IT parks & gardens, commercial zones, blooming startups by entrepreneurs & MSME’s in developing countries, an extension of office across globe and creating informal office space for employees is driving the global office furniture market.

However, factors like labor availability, the long replacement cycle of furniture, fluctuating raw material price of wood, and unorganized local market leaders constraint the growth of the global office furniture market. In contradiction, huge investments in the sector are seen in the urge of better and smart office workspace, better temperature control chairs for comfortable sitting posture, and other health-related issues boost the market growth.

The global office furniture market trends are as follows:

New product launches to flourish the market

The launch of new office furniture that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve the sitting comfortability, posture, and relaxation that the regular office chairs and tables don’t provide.

Herman Miller Mirra 2 a classy chair claims to be designed with ergonomics and healthy posture for better backbone support and temperature control to sit for long hours without feeling hot and getting sweaty. This series is available at comparatively low price than the premium class Herman Miller Aeron which is a designed for complete health benefits and utmost comfort in the chair segment.

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Introduction of customizable furniture and establishment of new MNC branches in Asia-Pacific countries

Manufacturers have been focusing on producing new products for compatible applications as there are varying demands based on the utilization. Leading market players are determined to launch Do It Yourself office furniture which is helpful during the shift of offices. 

IKEA furniture is famous for the dismantled form of furniture which can be assembled as per the size and structure of the office after purchasing. 

Moreover, Asia-Pacific countries have seen a surge in new corporate offices and startups due to the availability of employees and resources, which is leading to the establishment of new corporate workspace and increasing demand for the global office furniture market.

Key Benefits of the Report:

This study presents the analytical depiction of the global office furniture industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global office furniture market share.

The current market is quantitatively analyzed to highlight the global office furniture market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

The report provides a detailed global office furniture market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the office furniture market Research Report:

What are the leading market players active in the office furniture market?

What the current trends will influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the market?

What future projections would help in taking further strategic steps?

 Office Furniture Market Report HighlightsAspectsDetailsBy Material

Wood

Plastic & Fiber

Glass

Metal

Others

By Type

Tables

Overhead Bins

Seating

Storage Units & File Cabinets

Systems

Others

By Distribution Channel

Direct Sales

Retailers

Un-organized contractors

Online

Others

By Industrial Vertical

Automotive

Educational Institution

Offices

Healthcare

Others

By Region

North America  (U.S., Canada, Mexico)

Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)

Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)

LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)

Key Market PlayersKOKUYO Co. Ltd., Herman Miller Inc., Haworth Inc., Hooker Furniture, Inter IKEA Holding BV, Kimball International Inc., Knoll Inc., Omega HNI Corp., OKAMURA Corp., Steelcase Inc

[pravalika]

Aerosol Paints Market - Forecast (2023 - 2028)

Aerosol Paints market size is forecast to reach US$302.6 million by 2026, after growing at a CAGR of 5.8% during 2021-2026. This growth can be attributed mainly due to the extensive utilization of aerosol paints in the construction industry. Aerosol paint or spray paint is paint that comes in a sealed, pressurized container and is released in as an aerosol spray. The paint is dispersed by depressing a nozzle on the top of the can, connected to a valve inside the can. Aerosol paint leaves a smooth, evenly coated surface, unlike standard, rolled or brushed paint finishes. It is applied on surfaces for both, aesthetics and protection. The most important resins used in aerosol paints are acrylic polymers, epoxy polymers and alkyd polymers. Spray painting is one of the most preferred ways of applying paint. As compared to conventional paints, aerosol paints have unique atomization, storage and application methods. Aerosol paints are designed to be used on a wide range of surfaces like metals, plastic, wood, glass, and masonry. Primarily due to their high quality, quick-drying, and easy applicability, aerosol paints can be used on both new and existing structures, such as monuments, private offices, factories, residential spaces, and public buildings, which is increasing their demand. Aerosol paints are also widely utilized in DIY projects which is the latest trend, led by the pandemic. For automotive DIY, acrylic enamel spray paints are used because they last a lot longer, as they form a hard shell when dry. The increasing DIY applications also fuel the growth of the aerosol paint market.

COVID-19 Impact

The pandemic has impacted every industry across the globe in one way or another. One key issue that has arisen is the availability of raw materials has dramatically reduced. This has severely impacted the overall paints market in general. The core industries, construction industry and automobile industries have been impacted owing to shortages of labour, rising safety concerns and government-imposed lockdowns which have led to closing down of manufacturing plants. This has result in lower demand and consumption of commercial purpose aerosol paints in 2020. However, during the lockdown consumers have taken up DIY projects utilizing aerosol paints. According to a DIY survey in the US, 60% of respondents said they started a new home DIY project in April 2020 and home improvement purchases grew from 55% in March 2020 to over 80% by April. The top product being searched for home improvement online is paint, up 700% from March to April. Hence the DIY sector helped boost the aerosol paint market.

Report Coverage

The report: “Aerosol Paints Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Aerosol Paints Market.

By Resin: Acrylic, Alkyd, Epoxy, Polyurethane, Silicone, and Others.

By Technology: Solvent borne and Water borne.

By End-Use Industry: Building & Construction (Residential- Private Dwellings, Row Houses, Apartments, Commercial- Educational Institutes, Hotels, Restaurants, And Cafes, Sports Stadiums, Airports, Office Buildings, Shopping Malls & Supermarkets, Hospitals, Clinics and Healthcare Institutes and Others), Transportation (Automotive- Passenger Vehicles (PV), Light Commercial Vehicles, Heavy Commercial Vehicles; Aerospace- Commercial, Military and Others; Locomotive; Marine- Passenger, Cargo and Others), Furniture (Cabinets, Plywood and Others), Oil and Gas (Pipelines, Tanks and Others), Water and Wastewater (Water Tanks, Water Pipes, Wastewater Pipes), Electrical & Electronics, General Industry (Storage Tanks, Railing, Pipes, Fences) and Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

Key Takeaways

Asia-Pacific dominates the aerosol paints market, owing to the increasing construction and automotive industries in the region. 

The advent of electric cars is making waves in the automotive world. Also, auto refinish manufacturers are seeing a strong move into cosmetic repair where aerosol paints are extensively used. 

The development of bio-based products and increasing government support due to Volatile Organic Compounds (VOC) emissions is likely to act as a driver for a growth of water borne aerosol paints market. In the automotive industry, water-based acrylic enamel is currently the most widely used paint for reducing the environmental impact. 

The major opportunity for this market is to completely transition towards eco friendly products in a move to support sustainable development.

[stratviewresearch]

Folding Furniture Market to Showcase Vigorous Demand During the Period until 2028

Stratview Research delivers key insights on the Folding Furniture market in its latest report titled Folding Furniture 2022 - 2028. According to the report, the global Folding Furniture market is anticipated to expand at a CAGR of 4.6% in terms of value during the forecast period due to various factors.

Get a free sample report here:

It is the most comprehensive report available on this market and will help users gain a global outlook as it covers 360degree Folding Furniture Market shares, detailed analysis of growth rate among various segments including demand -supply scenario, etc. The regional and country segmentations give in-depth analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.

Impact of COVID-19 on Folding Furniture Market

With COVID-19, the world is battling a health pandemic as well as an economic pandemic, virtually affecting trillions of dollars of incomes. Stratview Research brings to you high level insights and in-depth details related to rapid modifications in top companies in each sector, growth and decline due to COVID-19, etc. The analysts at Stratview Research are constantly engaging with their clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.

Key players

Some of the major players operating in the global Folding Furniture market are-

• Resource Furniture (The U.S.),

• Expand Furniture (Canada),

• Inter IKEA Systems B.V. (Netherlands),

• MECO CORPORATION (The U.S.),

• La-Z-Boy Inc. (The U.S.),

• Murphy Wall Beds Hardware Inc. (The U.S.),

• Nilkamal Limited (India),

• Flexfurn Ltd (UK),

• Dorel Industries Inc. (Canada),

• Leggett & Platt (The U.S.), and

• ASHLEY FURNITURE INDUSTRIES INC. (The U.S.)

Growth drivers and Market Value:

This report, from Stratview Research Folding Furniture Market value and growth drivers over the trend period of 2022-27. According to the report -

The Global Folding Furniture Market is estimated to grow from USD 3.2 billion in 2021 to USD 4.4 billion by 2026 at a healthy CAGR of 5.5% during the forecast period.

Segment Analysis:

Based on by End Use Type:

• Residential segment accounted for the largest share in 2021 and is projected to grow at a significant CAGR during the review period.

• Increasing residential construction across geographies is driving the segment growth.

• Increasing usage of folding furniture such as chairs and sofa at commercial spaces such as offices, educational institutes, and healthcare facilities is likely propelling the market growth.

Based on Regional:

• The market growth in Asia-Pacific region is primarily driven by high product demand in countries such as India, Japan, and Hong Kong.

• Increasing preference for one or two person household in the US is likely to drive market growth in North America region.

Order a Copy of Global Folding Furniture Market report here.

Critical Questions Answered in the Report

What are the key trends in the global Folding Furniture market?

How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?

What is the impact of COVID-19 on global Folding Furniture market?

What are the key strategies adopted by the major vendors to lead in the global Folding Furniture market?

What is the market share of the top vendors?

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

About Us

Stratview Research is a global market research and consulting service provider, offering syndicated and custom research reports. Our business intelligence and industry research reports offer clients with insightful and actionable market data to aid strategic decision making. These exclusive reports are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more. Stratview Research helps its user’s tract the ever-evolving market scenarios through its top-notch market reports.

Get in touch with us at – sales@stratviewresearch.comOr connect with our experts at +1-313-307-4176

[informationandcommunication]

Nanocoatings Market – Forecast (2022-2027)

Nanocoatings Market size is forecast to reach US$22.5 billion by 2027, after growing at a CAGR of 20.1% during 2022-2027. Nanocoatings is a special type of nanoparticle coating that is made using carbon nanotubes which accelerate the reaction of forming activated oxygen from water by capturing the ultraviolet light in the presence of titanium dioxide. The nanocoatings help in enhancing the material and give flame retardant, anti-corrosion, anti-dust and many other features to the objects having nanocoatings. These are widely used in various end-use industries such as electronics, automotive, medical, marine coating and others. According to the International Organization of Motor Vehicle Manufacturers, the total car production is around 5,70,54,295 units and total commercial vehicle production is 2,30,91,693 in 2021 with an annual growth of 3% as compared to 2020. The rise in automotive production will eventually boost the demand for the Nanocoatings Market. However, due to covid 19 pandemic, the market has declined in 2020 owing to the shutdown of the manufacturing facilities to reduce the spread of the virus. But the market is expected to follow an increasing trend due to the growing consumption from the various end-use sector during the forecast period.

Report Coverage

The report: “Nanocoatings Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Nanocoatings Industry.

By Technology: Pre-treatment, Electrocoat, Liquid Coating (Waterborne, Solvent Borne, Coil Coating), Powder, Ultraviolet and OthersBy Substrate: Aluminum/Magnesium, Steel, Plastic & Plastic Composites, Wood & Wood Composites and OthersBy Product Type: Anti-Microbial Coating, Anti-Fingerprint Coating, Anti-Fouling Coating, Hydrophyllic Coating, Anti-corrosion Coating, Self-Cleaning Coatings and OthersBy End-use Industry: Auto, Transportation & Equipment (Automotive parts & Accessories, Wheels Heavy Duty Equipment and Others), Building & Construction (Extrusion Coatings, Interior Building Products and Others), Consumer Products & General finishes (Consumer Products, Kitchenware, Appliances and Others), Food & Packaging, Textile, Healthcare, Industrial (Industrial Bakeware & Molds, Energy Application, Office Furniture & Equipment, Electrical) and OthersBy Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and New Zeeland, Indonesia, Taiwan, Malaysia and Rest of APAC) and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

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Key Takeaways

North America is expected to register a CAGR of 21.2% during the forecast period (2022-2027). The increasing demand for automotive, electronic and other sectors is driving the Nanocoatings industry.

Growing demand for Nanocoatings in industrial purposes for energy and industrial bakeware & molds application is expected to boost the demand due to flame retardant, scratch proof, UV, chemical resistance and anti-corrosion characteristics during the forecast period.

Robust demand for Nanocoatings from various end-use industries such as automotive, marine, medical equipment, electronics and others owing to low emission of volatile organic compounds is expected to increase the demand during the forecast period.

Nanocoatings Market Segment Analysis – by Product Type

The self-cleaning Nanocoatings segments accounted for around 16% of the Nanocoatings Market share in 2021 and are estimated to grow at a significant CAGR during the forecast period. The self-cleaning nano-coating is an innovative combination of super-hydrophilic nanoparticles, photocatalytic and anti-static features widely used in electronics, energy, food & packaging, construction, marine industry, military &defense, automotive, aerospace and healthcare. According to US Solar Energy Industry Association, more than 230,000 Americans work in solar at more than 10,000 companies in every U.S. state as of 2020. In 2021, the solar industry generated more than US$33 billion of private investment in the American economy. Also, 46.1GW of energy production is planned for 2022 of which nuclear contributes 2.2GW, solar 21.5 GW, natural gas 9.6GW, wind 7.6%, batteries 5.5GW and others 0.2GW according to the U.S. Energy Information Administration. Therefore, the growing energy installation will help to boost self-cleaning segments of nanocoatings demand during the forecast period.

Nanocoatings Market Segment Analysis - by End-Use Industry

The transportation segment accounted for approximately 21% of the Nanocoatings Market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. Nanocoatings is widely used in the transportation sector for auto parts, accessories, wheels and heavy-duty equipment coatings. Rising middle-class income, huge youth population and lightweight vehicles are boosting the demand for the automotive sector and in turn, boosting demand for nanocoatings products. According to India Brand Equity Foundation, the total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles reached 1,860,809 units In January 2022. Also, the Government of India expects the automobile sector to attract US$ 8-10 billion in local and foreign investments by 2023. Thus, the increasing investments in the transportation sector are expected to drive the nanocoatings market size during the forecast period.

Nanocoatings Market Segment Analysis - by Geography

North American region held the largest portion of the Nanocoatings Market share in 2021 up to 38%, owing to the growing construction, automotive and electronics sector in the U.S, Canada and Mexico. The major factor responsible for the growth of Nanocoatings is less emission of volatile organic compounds which gives eco-friendly products. Nanocoating is widely used in auto parts, equipment, accessories, wheels, electronics components, construction material and others. According to the U.S Department of Commerce, the total construction spending during March 2022 was estimated at a seasonally adjusted annual rate of US$1,730.5 billion, with a rise of 0.1% above the revised February estimate of US$1,728.6 billion. According to Statistics Canada, about 1.6 million new motor vehicles registered in Canada in 2021 with an increase of 6.5% from 2020. Therefore, the growing construction, automotive and other sectors are boosting the Nanocoatings Market size during the forecast period.

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Nanocoatings Market Drivers:

increasing demand for Nanocoatings for Medical Devices applications

Nanocoatings are widely used in the coating of medical devices as it helps in the prevention of bacterial & fungal infection and smoothens the surface & performance of medical devices to meet the stringent needs of the medical device industry. Also, it helps to reduce abrasion between tissues & devices as many medical devices require non-stick coatings over-molded, biocompatible and other finishes to combat problems of infection. According to Medtech Europe, Organization, the global medical devices market share by the various countries in 2020 is as follows, U.S (41.6%), Europe (27.6), China (7.4%), Japan (7.2%), Canada (1.8%), South Korea (1.6%), India (1.3%) and others (11.6%). The rise in the demand and advancement in the technology of medical devices will boost the Nanocoatings Market due to its wear resistance and anti-microbial properties during the forecast period.

Growing electronics industry across the globe

The electronics sector is growing rapidly owing to increasing demand from emerging market economies. As a result, many countries are rising the production of more electronics and investment in the foreign production of electronics has increased dramatically. Also, growth in the electronics sector is primarily driven by innovation, with companies spending significant amounts on research and development (R&D) to make better products and to increase the efficiency of the manufacturing process. Nanocoatings play a vital role in the electronics sector as it is widely used for the coating of various devices such as consumer products, kitchenware, appliances and others. According to Invest India, the global electronics components market is expected to reach US$191.8 billion by 2022, of which the Asia Pacific region is anticipated to capture a dominant share globally. The growth in the electronic components sector will eventually help to boost the demand for the Nanocoatings Market during the forecast period.

Nanocoatings Market Challenges:

Volatile Price of Raw Material

Nanocoating is a premium product, so they are available at higher prices when compared to other coatings. The volatile price of raw materials such as silver, titanium dioxide, silicon and others is hindering the market growth. For instance, the average U.S. spot price for silicon metal was 444.38 cents per pound in February 2022, which is three times more than the average price in February 2021 according to the U.S. Department of the Interior and the U.S. Geological Survey. Owing to this factor, the product of nanocoatings comes at a higher price as compared to its alternative coatings, which tends to constrain the growth of the market.

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Nanocoatings Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Nanocoatings Market. Top 10 companies in the Nanocoatings Market are:

Buhler PARTEC GmbH

Bio-Gate AG

Eikos Inc.

Cima NanoTech Inc.

Inframat Corporation

Nanofilm Ltd.

Nanophase Technologies Corporation

Integran Technologies Inc.

Nanogate AG

Nanovere Technologies LLC

Recent Developments

In February 2022, The McMaster Manufacturing Research Institute (MMRI) and Alchemy develop innovative nanocoatings solutions to the challenges faced by many industries such as repelling water, dirt and ice while maintaining high transparency, mechanical durability and weather specifications for advanced sensor systems used in harsh environments.

In January 2021, Tesla NanoCoatings Launched NANO Non-Skid; Teslan that has 1105 Zn-CNT Single Coat Deck Epoxy New Technology Combining Carbon Nanotubes and Aggregate to eradicate the biggest offshore challenges of worker safety and maintenance.

In August 2020, Indian Tech Startup Muse Nanobots launched a nanotech coating for textiles that can inactivate the Coronavirus within five minutes of contact. Muse nanocoated textiles can offer enhanced protection for common people to travel and will provide great safety to frontline healthcare, hospital, hotels and restaurant workers.

Relevant Reports

Nanocellulose Market - Forecast(2022 - 2027)

Report Code: CMR 0073

Coating Additives Market - Forecast(2022 - 2027)

Report Code: CMR 0140

For more Chemicals and Materials related reports, please

click here

[bhavanameti]

Southeast Asia Galvanized Steel Market Projected to Reach $25.9 Billion by 2031

Meticulous Research®—a leading global market research company, published a research report titled, ‘South East Asia Galvanized Steel Market by Product Type (Hot-dipped Galvanized Steel, Electro-galvanized Steel), Application (Building and Construction, Automotive, White Goods, Shipbuilding, Other Applications), and Country - Forecast to 2031.’

According to the latest publication from Meticulous Research®, the Southeast Asia galvanized steel market is projected to reach $25.9 billion by 2031, growing at a CAGR of 14.6% from 2023 to 2031. By volume, the market is expected to reach 27.6 million tons by 2031, at a CAGR of 13.8% during the same period.

The market's growth is driven by increasing infrastructure investments, rising demand in the construction industry, and growing GDPs in the region. However, volatility in raw material prices, regulatory compliance, and a decline in the purchase of Chinese steel due to changing international trade dynamics may restrain growth.

Technological advancements in galvanized steel manufacturing and the establishment of the ASEAN Economic Community are expected to create growth opportunities. Conversely, high manufacturing costs pose significant challenges.

The Southeast Asia galvanized steel market is segmented by product type and application. The product type segment includes hot-dipped galvanized steel (hot-dipped zinc coated, hot-dipped aluminum coated, hot-dipped Sn-zinc coated, hot-dipped zinc-magnesium-aluminum alloy coated, hot-dipped zinc-aluminum-silicon alloy coated, and hot-dipped zinc-aluminum-magnesium-silicon alloy coated) and electro-galvanized steel (electrolytic zinc-coated, electrolytic zinc-nickel alloy-coated, electrolytic nickel-coated, electrolytic zinc-Sn-nickel alloy-coated, and electrolytic phosphate-treated). Applications include building and construction (trusses, roofs, frames, exterior walls, interior walls, pipes and ducts, purlins, decking, and other applications), shipbuilding, automotive, white goods (refrigerators, washing machines, air-conditioning units, microwave ovens, and other appliances), and other appliances (electrical transmission towers, telecom towers, steel furniture, office equipment, miscellaneous applications). The study also evaluates industry competitors and analyzes the market at regional and country levels.

In 2024, hot-dipped galvanized steel is expected to account for the larger market share, over 76.9%, due to its numerous environmental and economic benefits, such as corrosion resistance and low maintenance. This segment is also projected to register the highest CAGR during the forecast period.

The building and construction segment is expected to account for the largest market share, over 70.4%, due to galvanized steel's durability and low maintenance. The white goods segment is projected to register the highest CAGR during the forecast period due to the large portion of steel used in manufacturing.

By country, Vietnam is expected to hold the largest market share, over 37.7%, driven by rapid industrialization and extensive infrastructure development. Indonesia is projected to register the highest CAGR of 16.7%, driven by its large automotive sector and role as a manufacturing hub.

Key players in the Southeast Asia galvanized steel market include Essar Steel India Limited (India), Nippon Steel Corporation (Japan), POSCO (South Korea), JFE Holdings, Inc. (Japan), JTL Infra Limited (India), NS BlueScope Steel Limited (Australia), Hoa Sen Group (Vietnam), Hoa Phat Group (Vietnam), Dongkuk Steel Group (South Korea), Chinh Dai Industrial Co. Ltd (Vietnam), FiW Steel Sdn. Bhd. (Malaysia), Galvaco Industries Sdn. Bhd. (Malaysia), Nam Kim Steel Joint Stock Company (Vietnam), Tata Steel Limited (India), and Hyundai Steel Co., Ltd. (South Korea).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5019

Key Questions Answered in the Report:

What are the high-growth market segments in terms of product type and application?

What is the historical market size for galvanized steel in South East Asia?

What are the market forecasts and estimates for 2024–2031?

What are the major drivers, restraints, opportunities, challenges, and trends in the South East Asia galvanized steel market?

Who are the major players in the South East Asia galvanized steel market, and what are their market shares?

What is the competitive landscape like?

What are the recent developments in the South East Asia galvanized steel market?

What are the different strategies adopted by major market players?

What are the trends and high-growth countries?

Who are the local emerging players in the South East Asia galvanized steel market, and how do they compete with other players?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research  

[sanjay-chem]

Wood Preservative Chemicals & Coatings Active Ingredients Market by Size, Share, Demand & Trends by 2032

The global wood preservative chemicals & coatings active ingredients market stands at US$ 218.5 Mn as of now and is expected to reach US$ 320.3 Mn by the year 2032 at a CAGR of 3.9% between 2022 and 2032.

#Woodpreservationchemicals, as the name suggests, render protection against fungi and insets that attack the wooden surface. There are several kinds of active ingredients used in wood preservative chemicals and coatings – like inorganic and organic ingredients.

#Woodpreservativechemicalscoatingsactiveingredients do improvise on wood’s life span by keeping it away from the environmental factors like UV rays, mechanical abrasion, and household chemical attacks.

Indoor as well as outdoor applications are inclined towards wood-based products owing to the aesthetics revolving around them. As such, the requirements of wood-based products are expected to increase in residential buildings, educational institutions, hospitals, and offices.

Get Access to Sample Now @ http://bit.ly/3Uj8jpJ

Furniture vertical is expanding at a rapid pace all across the US, which is expected to catalyze the wood #preservativechemicals & coatings active ingredients market in the forecast period. The US Census Bureau has stated that more than 87K establishments record ~US$ 120 Mn every single year and furniture industry has turned out to be worth US$ 30 Bn. As of the year 2019, furniture and furnishing store sales market was worth ~US$ 9 Bn.

Infrastructure expansion projects are witnessing a rising demand for treated wood due to inevitability of protection of furniture against insects and fungi. This is another factor driving the wood preservative chemicals & coatings active ingredients market.

Also, water-borne coatings are being increasingly used in Canada and the US. Plus, rising awareness regarding advantages of the environmentally-friendly products like wood is expected to take the entire wood preservative chemicals & coatings active ingredients market by storm in the near future.

At the same time, the fact that developed economies like France, Germany, and the US are subject to altering environmental rules as well as regulations with regards to wood preservative chemicals and coatings active ingredients can’t be ignored. Along these lines, Biocidal Products Regulation (BPR), CLP (Classification, Labelling and Packaging), REACH, and VOC’s are restraining the market.

It has also been observed that wood preservative chemicals and coatings active ingredients release toxic odor, which is hazardous for animals as well as humans. These active ingredients also do not render any protection against tough weather conditions. This is another factor hindering the market.

Future Market Insights has, with the help of its team of analysts and consultants, entailed these findings with insights in its latest market study entitled “Wood Preservative Chemicals & Coatings Active Ingredients Market”.

Key Takeaways from Wood Preservative Chemicals & Coatings Active Ingredients Market

The     US holds 17.3% of the overall market share and the status quo is expected     to remain the same even in the forecast period due to consistent demand     for water-borne coatings.

The     Asia-Pacific is expected to move at a significant pace in the wood     preservative chemicals & coatings market due to rapid expansion in     Japan, India, and China.

“Demand for eco-friendly products of décor to keep the hopes high for wood preservative chemicals & coatings active ingredients market”, says an analyst from Future Market Insights.

Competitive Landscape

LANXESS,     in January 2022, decided upon expanding the active ingredient     preservative’s – preventol CMK’s capacity by 50%. It looks forward to     invest $1 Mn Euros in its site based out of Krefeld-Uerdingen (Germany).

Lonza,     in March 2019, tabled 2 novel products as a part of its Proxel range –     Proxel LSR and Proxel HBC.

Browse Full Report @ http://bit.ly/3GYlfi0

[blog2k01]

Furniture Market Hits USD 720.2 Billion in 2028

The global furniture market size was USD 475.4 billion in 2020. The market is projected to grow from USD 493.6 billion in 2021 to USD 720.2 billion by 2028 at a CAGR of 5.5% in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Furniture Market, 2021-2028.”

Browse Detailed Summary of Research Report:

Fortune Business Insights™ lists out all the furniture market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

Harman Miller Inc. (Michigan, U.S.)

Steelcase Inc. (Michigan, U.S.)

HNI Corporation (Lowa, U.S.)

Ashley Furniture Industries Inc. (Wisconsin, U.S.)

Duff & Phelps, LLC. (New York, U.S.)

Global Furniture USA (New Jersey, U.S.)

ZouYou (Shenzhen, China)

P & C ArteMobili SA (Nova Prata, Brazil)

Saudi Modern Factory Co. (Riyadh, Saudi Arabia)

DEDON GmbH (Luneburg, Germany)

Dare Studio (Worthing, England)

Driving Factors

Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth

Intermittent presentation of companies’ elite home facilities is anticipated to entice people to purchase them, consequently fueling the demand for these products. For example, in February 2020, BAXTER, which is an Italian home fitting products company, along with Sources Unlimited, its Indian provider, unveiled radical, lavish, and greatly crafted fixture items in India. This is expected to spur the furniture market growth.

Regional Insights

Asia Pacific to Hold Dominant Position in the Market through 2028

Asia Pacific market was worth USD 223.9 billion in 2020. The largest furniture market share of the Asia Pacific region is accredited to several wood furniture producers in nations such as China and India.

North America holds a substantial share of the market owing to the large usage of such products among the U.S. and Canada population, leading to the greater product incomes from such region.

Significant growth of the European region is accredited to the rising utilization of wood-based furnishing pieces among the population in nations such as the U.K. and Germany.

Segmentation

By Material, the global market is divided into:

Wood

Metal

Plastic

Others

By Category, the market is segregated into:

Indoor

Outdoor

By End-User, the market is categorized into:

Residential

Office

Hotel

Others

By Region, the global market is branched into:

North America

Europe

Asia Pacific

South America

Middle East and Africa

Competitive Landscape

Collaborations among Corporations to Safeguard Their Brand Values in Global Market

Fundamental players in the market are incessantly choosing operative tactics to endorse their products and institute their positions in the market. One such tactic is to unveil novel products by teaming up with other companies to expand their reach to end-users.

Report Aim & Scope:

An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.

The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.

Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.

The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.

The various parameters accelerating the growth of the market are incorporated in the research report.

The report analyzes growth rate, market size and valuation of the market during the forecast period.

Key Players Assessment in this Research:

The report offers detailed analysis of leading companies in the market across the globe.

It provides details of the major vendors involved in this market

A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.

The facts and figures about market competitors along with standpoints of leading market players are presented in the report.

The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

Key Industry Development:

May 2020: Theodore Alexander USA, Inc., who is a console table and chair products producer, teamed up with Ralph Lauren Corporation, a vital U.S. based fashion products company, to extend its business through the partner’s retail fashion stores based in the U.S.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

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[iamatish]

Scope after bachelor of design course

Bachelor of Design Course (BDes) or BDesign is a well-established undergraduate degree in the discipline of design. B.Des is a four-year full-time study provided in a variety of specializations including Fashion Designing, Interior Designing, Accessory Designing, and Textile Designing. The BDes degree has expanded through time and is now available in a variety of design specializations, including graphic design, multimedia design, visual effects design, visual communication, and game design at many  institutes of design in india. This broadens the scope of the BDesign degree by providing employment alternatives, opportunities in a variety of industries, and exposure to new technology. The course curriculum includes disciplines such as CAD, CAM, product development, marketing, specialization-specific subjects, vocational subjects, electives, and personality and skills development. Students enrolled in the B.Des programme have exposure to the design profession through internships, events, and exhibitions on a national and worldwide scale.

Students who earn a BDesign degree from a design college can begin their careers immediately upon graduation. They could intern with top designers in their field to expand their career options.

There are several work options for B.Des graduates in both the corporate and public sectors. Additionally, you can get employment abroad with this degree. You can participate in exhibitions and auctions of your creative works held throughout the world.

After completing this course, you can easily pursue a career as a Graphic Designer, creating graphics for advertising, publishing houses, and a variety of other industries. Additionally, you might seek teaching positions in a variety of reputable colleges and institutions throughout the country. 

Several prominent job profiles after Bachelor of Design Course are highlighted here:

Design Managers 

Graphic Designers 

Textile Designers 

 Sales Representatives 

Costume Designers 

Fashion Stylists

Weaving Consultant 

Fashion Merchandiser 

Entrepreneurial Assistant 

Interior Designer

Numerous employment sectors in which you can find work after earning a B.Des (Bachelor of Design) are listed below:

Private Sector Jobs following a Bachelor of Design (B.Des)

There are numerous options for graduates of B.Des to get employment in the private sector. Several private enterprises, including boutiques, hotels, fashion media, marketing, furniture manufacturing units, and quality control offices, among others, provide numerous opportunities for B.Des graduates. Cutting Assistants / Graphic Designers / Weaving Consultants / Illustrators / Fashion Merchandisers / Costume Designers / Textile Designers / Fashion Forecasters / Entrepreneurs / Fashion Stylists / Design Managers / Colorists / Outside Sales Representatives are all positions available in these private firms.

Jobs in the Public Sector Following a Bachelor of Design (B.Des)

Apart from private sector employers, various government institutions offer ample opportunities for B.Des applicants. Government-sponsored institutions such as the National Institute of Fashion Technology (NIFT), the National Institute of Design, and the Indian Textile Industry hire bright B.Des graduates for a variety of positions. Additionally, one can seek employment in any of the nationalized banks, railways, or defense services. To obtain a position in these government departments, candidates must pass examinations conducted by several governmental bodies such as the SSC, PSC, and UPSC, among others. Additionally, one can pursue a career in teaching, which is regarded as one of the most honorable professions.

Prospects for Employment Abroad Following a Bachelor of Design Course (B.Des)

Along with the range of opportunities available in India, people can also look for work in a variety of international nations. Exhibitions and auctions of one's creative works can be held in a variety of locations worldwide. Additionally, workshops can be conducted. Numerous industries in a variety of sectors abroad, including audio visual media, design & digital arts, industrial design, interior design, interior architecture, product design, multimedia design, and visual communications design, recruit both fresh graduates and experienced professionals who have completed their B.Des course. One of the primary advantages of establishing a profession overseas is that the salary is significantly higher than in India.

Salary 

Attractive compensation packages are available to B.Des certified candidates worldwide.

As a Fashion Designer, you can expect to make between Rs. 2 and 3 lacs per year as a starting income. You can make Rs. 6 to 7 lacs per annum with a decent job and experience.

Each job has a unique compensation plan based on experience and credentials. The income of a fashion designer is dependent on a variety of criteria, including the location of the job, the candidate's qualifications, recruiters, experience, and work skills.

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Tools In-Depth Profiling With Key Players and Recent Developments, Forecast Period: 2021-2031

Tools Market Research, 2032

The global tools market size was valued at $91.8 billion in 2022, and is projected to reach $153.2 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. Tools encompass a wide range of manually and externally powered tools such as hand tools, and power tools, including garden tools. Hand tools are operated manually for cutting, gripping, and shaping metal, wood, or other materials. On the other hand, power tools are powered through electricity, or via pressurized air. Power tools make it easier for the operator to perform any task with less effort, thereby increasing productivity. Together these tools enable a range of tasks in woodworking, repair & renovation, and maintenance applications, along with various others.

The tools market is primarily driven by various factors such as rise in construction activities, rise in small-scale industries involved in metal fabrication, growth in demand for furniture and other wooden items, and rise in DIY culture along with home renovation and improvement trends. In these industries, tools are used for a variety of applications including drilling, hammering, sawing, grinding, and others.

According to UN forecasts, the world population is expected to increase from 8 billion in 2023 to 9.7 billion by 2050. Countries in the Asian and African continents are projected to play an important role in the global population growth and urbanization. This will lead to overcrowding of the cities in the world, which will require new buildings to be constructed along with other public infrastructure. For example, owing to overcrowding in the capital city Jakarta, Indonesia, government officials have planned to shift its capital to Nusantra, where several new buildings will be constructed. Similarly, in March 2023, the government of India considered a proposal to build eight new cities across the country, which may cost more than $360 million. Furthermore, residential, and commercial buildings such as shopping malls, hospitals, schools, and others are also being constructed across the globe. For instance, as of January 2023, a well-known building developer ‘Triple Five Group’ has planned to construct American Dream Mall near Everglades National Park in Florida. Furthermore, during construction, different big and small power and manual tools such as drills, material removal, saws, wrenches, demolition, hammers, and others are used in large numbers. Moreover, once the building has been constructed and finished, garden tools such as shears and pruning tools, striking tools, digging tools, blowers, land mowers, and others are used for creating and maintaining gardens. Thus, owing to an increase in demand for tools, major companies are expanding their production capabilities as well as opening new facilities in different parts of the world. For instance, in August 2022, Milwaukee Tool inaugurated its newest tool manufacturing plant in West Bend, Wisconsin, U.S. Thus, the rising number of buildings across the world is driving the growth of the global tools market. Moreover, demand for furniture is also increasing, as it is a primary need of any office and home. Commonly used furniture such as chairs, beds, tables, cabinets, and others are widely made using wood as well as other materials such as metal, and plastic. However, furniture made with wood is in high demand owing to its various features such as durability, premium appeal, high resale value, environment friendliness, and many more. Since, hand and power tools are extensively used for making furniture, the growing demand for furniture is also expected to have a positive influence on the tools market growth.

North America accounted for the highest market share in 2022 and Asia-Pacific is expected to grow with a higher CAGR throughout the projected period. North America is witnessing a rapid rise in construction activities in the major cities. For instance, according to the data from the U.S. Census Bureau, the spending in the construction sector increased from nearly $1,200 billion in January 2017, to nearly $1,600 billion in January 2023. The construction sector is a major user of power and hand tools, thus rise in the construction sector is expected to boost the tools market growth. Moreover, the DIY culture in the U.S., and Canada is also positively affecting the market growth. According to the data published by Harvard Joint Center for Housing Studies in 2021, around $797 is spent each year on do-it-yourself (DIY) projects by an average homeowner in the U.S. On the other hand, this expansion of the tools market in Asia-Pacific is attributable to rapid economic growth, and population growth, in countries such as China, India, Vietnam, and Indonesia, which eventually is expected to drive demand in the construction sector.

Competition Analysis

Competitive analysis and profiles of the major players in the tools market are provided in the report. Major companies in the report include Makita Corporation, Armstrong tools Inc., Snap-on Incorporated, Koki Holdings Co. Ltd., Hilti Corporation, Falcon Garden Tools, Bully Tools, Husqvarna Group, Robert Bosch GmbH, and Stanley Black and Decker Inc. Major players to remain competitive adopt development strategies such as product launch, business expansion, acquisition, and others. For instance, in December 2021, Makita UK, a power tool manufacturer launched a new cordless angle drill and a cordless earth auger.

Full Report With TOC:-https://www.alliedmarketresearch.com/tools-market-A107124