Metals and Minerals
Overview of the global steel casting market
In terms of volume, the global steel casting market is predicted to grow at a CAGR of almost 4% by 2020.Steel casting finds applications across many industries such as automotive, transportation, construction, and infrastructure for its properties like ductility, malleability, durability, and great strength. The steel casting manufacturers are implementing several advanced technologies based on the requirements of the end-users. The growing need for castings with specific dimension, size, and weight has prompted the steel casting manufacturers to adopt simulation-based castings. Simulation-based models help in minimizing the operation expenses and decreasing wastage. This casting technique also enables visualization of the virtual casting processes such as mold filling, cooling, and solidification with respect to direction and time for the manufacturers. The surge in industrial and infrastructure activities across the globe will positively aid the growth of the steel casting market in the coming years.
Steel is the most important engineering material across the world, however, its production is highly energy-intensive. Technological advancements and extensive R&D will assist in minimizing the growing consumption of energy during the production process, leading to decline in greenhouse gas emissions. Such developments will also help prevent climate change and improve environmental sustainability. Moreover, the increasing use of steel scrap as raw material for the production of steel casting will also save energy and water consumption and reduce air pollution. The growing use of steel as a sustainable material for casting will
Global outlook of the titanium dioxide nanomaterials market
The market research analyst at Technavio predicts that the global titanium dioxide nanomaterials market will grow progressively at an impressive CAGR of more than 9% by 2020. One of the major factors contributing to the growth of the market will be the increasing popularity of titanium dioxide nanomaterials antifouling coatings as they help improve the durability and performance of shipping vessels. Additionally, these coatings are also used in fixed and floating offshore oil rigs, aid in decomposing the bacteria and organic substances on the surface and prevents corrosion of metal hulls. Also, titanium dioxide nanomaterials and silver doped titanium dioxide nanomaterials are widely used as marine antifouling for underwater archaeological sites. The businesses will also promote titanium dioxide nanomaterials for antifouling coatings as they have self-cleaning and pollutant-degrading properties.
During 2015, the Americas dominated the market, accounting for approximately 38% of the total market share. The extensive use of nanomaterials as a pigment in the production of paints and coatings will fuel the growth of the American market. The vendors will invest in researchers and manufacturers to innovate advanced products with titanium dioxide nanomaterials, which will, in turn, witness augmented demand from the shipbuilding industry.
Competitive landscape and key vendors
The market is dominated by a few prominent vendors that control the level of competition in the market. Vendors concentrate on marketing strategies and target various sectors such as automotive, chemical manufacturing, electronics, solar energy, pharmaceuticals and cosmetics, and architectural industry. The integration of several vendors in many stages of the value chain for continuous raw material supply and maintenance of low manufacturing cost
Overview of the global indium tin oxide (ITO) market
Technavio’s market research analyst predicts the global indium tin oxide (ITO) market to grow at a CAGR of almost 6% between 2016 and 2020. ITO is gaining preference over its alternatives because of its properties such as color fastness, ultraviolet resistance, and high transparency. ITO conductive films are deposited on glass or plastic substrates to make transparent panels and are extensively used for antistatic applications such as plasma displays, LCDs, and other display technologies. Indium tin oxide also offers electromagnetic induction shielding in minimizing radio frequency interference on touchscreens, shield glass doors and windows, and flat glass panel displays. Moreover, it eliminates the generation of static electricity on the surface of the various substrates. Such growing antistatic and electromagnetic shielding applications of ITO are most likely to drive the growth of the market and boost the applications of the compound among several end-uses.
APAC was the major revenue-contributor in the ITO market during 2015 and occupied around 58% of the total market share. Much of the region’s growth comes from China, which is the leading producer of indium and accounts for around 62% of the overall global indium supplies. The growing demand for consumer electronics with touch panels and attractive displays will boost the consumption of indium in the region during the forecast period.
Competitive landscape and key vendors
The global ITO market is oligopolistic in nature owing to the presence of a few players like 3M, Umicore Thin Film Products, Indium, Nitto Denko, and Touch International. These vendors dominate the market through their expanded portfolio of products and have manufacturing facilities located worldwide. They operate through
Global outlook of the graphite electrodes market
The growing incidences of industrialization and urbanization have increased the demand for steel across the globe. The surge in infrastructure and construction activities has fueled the demand for graphite electrodes, owing to the high need for adequate steel. Moreover, the growing demand for steel across automobile, infrastructure, and manufacturing sectors will increase the consumption of graphite electrodes. Also, the growing requirement for anti-corrosive and high-value products for oil wells and pipelines in the oil and gas sector will also propel the use of the electric arc furnace (EAF), and subsequently increase the demand for graphite electrodes in the coming years. Extensive research carried out by Technavio’s market analysts predict that the global graphite electrodes market will reach around 2 million metric tons by 2020, in terms of volume.
Graphite electrodes are extensively used in the smelting process in EAF to manufacture steel. These electrodes are used as conductors of electricity in the furnace that generates heat to melt scrap metal like iron ore and other raw materials used to produce steels and other metals. Graphite electrodes are critical to the EAF process, and are used in steel plants to melt steel scrap. This has pushed steel manufacturers to shift towards EAF processes instead of blast furnaces which costs more for establishment.
Overview of the global 3D printing materials market
Technavio’s market research analyst predicts the global 3D printing materials market to grow at a CAGR of more than 25% by 2020. The increase in the use of 3D metal printing for industrial applications is a major driver for the 3D printing materials market. Metal 3D printing finds wide industrial applications and is gaining better market share over plastics. Metal 3D printing is widely adopted for prototyping processes because it can produce complex shapes with shorter lead time. Some of the high valued products from 3D printing are aircraft engines and turbine components. Metal 3D printing is also used in manufacturing inserts, direct tooling, and molds with cooling channels in the tool and mold making segment. The industrial end users of such 3D printing technique include service bureaus, research institutions, and aerospace industry. Another development gaining traction in the market includes 3D bioprinting technology, which is used primarily in the healthcare sector.
EMEA is the fastest-growing region in the 3D printing materials market and is anticipated to register a CAGR of around 24% during the forecast period. Europe is the major revenue-contributing country in the EMEA region. Much of Europe’s growth comes from the automotive segment with Germany as a hub for the automotive industry. Growing investments in innovative technology R&D projects that use of 3D printing technology will have positive effects on the market growth in this region during the forecast period.
Competitive landscape and key vendors
The market is highly diversified and comprises several vendors. These vendors offer plastics, steel, nickel, cobalt-chrome, titanium, and aluminum 3D printing materials. The vendors in the market are focusing
Outlook of the global medical composite materials market
Technavio’s market research analyst predicts the global medical composite materials market to grow at a CAGR of nearly 7% by 2020. The ability of medical composite materials to aid in the manufacture of advanced orthopedic devices and magnetic resonance imaging (MRI) equipment is a significant factor that will foster growth in this market. Also, its augmented usage in medical devices like implants and prosthetics will result in the strong growth of the market during the forecast period.
In terms of geography, the EMEA region will be the largest market for medical composite materials during the forecast period. This region currently accounts for a market share of more than 35% and is predicted to enhance its hold over the market by 2020 owing to the augmented utilization of composite materials in bio-medical applications.
Segmentation by type and analysis of the medical composite materials market
- Fiber composites
- Polymer-metal composites
- Polymer-ceramic composites
In this market study, analysts have estimated the fiber composites segment to account for a market share of more than 39% by 2020. Since fiber composites have a high strength-to-weight ratio, they can be used to manufacture prosthetic devices. Moreover, their ability to provide enhanced clarity in radiological and medical images during MRI scans will lead to its augmented adoption during the forecast period.
Application-based segmentation of the medical composite materials market
- Diagnostic imaging
- Needles and syringes
The metals, minerals, and materials industry consists of enterprises engaged in producing all types of metals, like precious metals, base metals, minor metals, and rare earth metals; minerals, like metallic minerals, fuel minerals, and industrial minerals; and materials, like automotive materials, construction materials, specialty materials, and industrial materials.