North America Drywall Textures Market: Recovery of U.S. Housing Sector Fuels Growth, says TMR

The North America drywall textures market displays a fragmented competitive landscape with top three companies, namely USG Corporation, The Sherwin-Williams Company, and PPG Corporation holding less than 33% of the market in 2015, notes Transparency Market Research. Top players in the market are focused on expanding their product portfolio and their geographical presence as a way to accelerate growth in the drywall textures market in North America. A case in point is The Sherwin-Williams Company. The company added 13 new outlets in Argentina, 47 in Mexico, and 11 in Brazil to build strong presence across the Americas.

The drywall textures market in North America stood at US$771.9 mn in 2016. Displaying a CAGR of 4.5% between 2015 and 2024, the market is expected to reach a valuation of US$1.09 bn by 2024.

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Knockdown Drywall Textures to Contribute Handsome Revenue

In terms of product, fire-resistant drywall and regular firewall collectively held more than 50% of the market in 2015. Currently, regular drywall leads the market with the segment holding a significant share of the market in the recent past as well. In particular, the U.S. has been exhibiting considerably high demand for regular drywall in the past and this product segment is expected to display a steady growth rate in the future as well. The growth of fire-resistant drywall product segment is due to the implementation of local building codes for residential spaces in North America. As a result, the installation of fire-rated drywall on exterior and interior walls near utility rooms and furnaces has become mandatory.

By texture, orange peel and knockdown collectively held 65% of the North America market in 2015. The segment of knockdown textures is expected to generate a handsome revenue as they are gaining popularity across several towns and cities in the U.S. In terms of mud, topping joint compounds holds the leading share in the North America market for drywall textures. While residential is the leading end use segment of the market, walls form the leading application segment of this market.

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By volume, the U.S. leads the drywall textures market followed by Canada. The U.S. held 75% of the overall market in 2015 and is expected to display steadfast growth owing to the increasing demand for drywall textures in building and construction applications.

Increasing Trend of Home Ownership Boosts Growth

“In the U.S., higher existing house sales and appreciation of home process are the major factors having a positive influence on the North America drywall textures market,” says the author of the study. TMR reports that in the U.S. the average price of homes appreciated by 8% in 2015 and by 24% in the last five years. The home appreciation trend has been more evident in places where real estate prices are generally high.

On the flip side, shifting preference of individuals for rental homes in place of self-owned homes is reducing the demand for drywall textures. Moreover, lower household mobility has led to the reduced demand for drywall textures, thereby hampering the market’s growth. Nevertheless, the presence of millennials in the rental market is anticipated to encourage property owners to invest in home improvement pursuits.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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