Market Growth – CAGR of 3.5% between 2015-2020, Market Research Store: Leading Research Firm has added latest report on “Global Titanium Dioxide Market for Paints & Coatings, Plastic, Paper and Other Applications: Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020”.

Zion Research has published a new report titled “Titanium Dioxide Market for Paints & Coatings, Plastic, Paper and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to the report, global demand for titanium dioxide was valued at USD 13.50 billion in 2014, and is expected to reach USD 17.00 billion in 2020, growing at a CAGR of above 3.5% between 2015 and 2020. In terms of volume, the global titanium dioxide market stood at 6.00 million tons in 2014.

Titanium dioxide is a white crystalline powder that is made up of ilmenite and rutile as main raw materials. Moreover, titanium dioxide is created from either chloride process or sulfuric acid referred to as the sulfate process. Other compounds that may be organic and inorganic in nature can even be added with titanium dioxide to impart completely different tints. It is abundantly used as a white pigment in paints and coatings applications.

Browse the full “Titanium Dioxide Market for Paints & Coatings, Plastic, Paper and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020” report at:
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Global titanium dioxide market is mainly driven by increasing demand for lightweight vehicles in the automobile industry especially in the developed countries like US, Germany and France. Secondly, growing demand for lightweight vehicles has resulted into increase in need of paints and coatings process. This in turn has been resulted into emergence of paints and coating industry. Stringent environmental regulations are a major restraint to growth of the global titanium dioxide market.

The global titanium dioxide market on the basis of the application is segmented as paints & coating, plastics industry, paper industry and others (including artificial fibers, inks). The paints & coatings industry was the largest application segment among the other segment.  Paints and coating application accounted over 50% of the overall share of the market in 2014. Increasing construction industry is attributed to the paints and coating application is projected to propel the titanium demand during forecast period. In addition, plastic industry is one of the fastest growing applications. The growth is attributed to characteristics offered by titanium dioxide such as excellent strength, great finishing and color effects, as well as outstanding opacity of the end-product.

Browse 29 Market Tables and 27 Figures spread through 70 Pages and an in-depth TOC on “Titanium Dioxide Market – Global Industry Analysis, Size, Shares, Trends, Segment & Forecast to 2020”

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Asia Pacific dominated the global titanium dioxide market and accounted for over 40% of the total share of the market, in 2014. This trend is estimated to continue throughout the forecast period. However, Asia Pacific is anticipated as a fastest growing region over forecasted period as a result of high growth in several end-use industries especially in emerging economies like India and China. North America was the second largest region followed by Europe.

Some of the key players in the global titanium dioxide market include Chemours Company, CRISTAL, Kronos Worldwide INC., DuPont, Huntsman, Evonik, Argex Titanium Inc, Pangang Group Vanadium Titanium & Resources Co., Ltd., Yunnan Dahutong Industry & Trading Co., Ltd and Tronox limited.

Related Published Reports:

• Acrylic Acid Market:
  http://www.marketresearchstore.com/report/acrylic-acid-market-z41341

• Propionic Acid Market:
  http://www.marketresearchstore.com/report/propionic-acid-market-for-animal-feed-grain-z39993

The global titanium dioxide market has been segmented for applications and regions as below:

Titanium Dioxide Market: Application Segment Analysis

• Paints & coatings
• Plastic
• Paper
• Others (Including artificial fibers, inks, etc.) 

Titanium Dioxide Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East & Africa 

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Each Market Research Store syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.

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The global car rental market registered an impressive growth in 2014 with all the four regions – Americas, Asia-Pacific, Europe, Middle East and Africa – demonstrating positive growth. North America stood as the largest as well as the fastest growing market in 2014.

Deep Research reports: Leisure travelers accounted for 54% of the car rental market value in 2014 while business travelers represented a share of 34.8%. Car rentals made at non-airport locations accounted for the largest share of the total market value in 2014 closely trailed by airport locations. The car rental industry will continue to expand over the forecast period, driven by the rise in tourism flows and expenditure.

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The US was the leader in the car rental market in terms of both market value (US$30.7 billion in 2014 equivalent to 42.6% share) and fleet size (2 million rental cars). The US also had the highest utilization rate (81% in 2014), rental occasions and rental days. China was the fastest growing market in terms of market size (CAGR 22.42%) and fleet size (CAGR 18.47%) during the historic period. Switzerland topped the list in terms of average revenue per day (US$90.4 in 2014) while the Philippines was the fastest growing market (CAGR 6.32%). Portugal had the highest average rental length of 7.6 days in 2014.

Related Reports On “Travel Services”

Global Vacation Rental Market 2015-2019:
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Global LNG Tanker Industry 2015 Market Research Report:
http://www.radiantinsights.com/research/global-lng-tanker-industry-2015-market-research-report

The report focuses on global major leading industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.The LNG Tanker industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.

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Hot drinks are a regular part of consumers’ diets, however, generally the category risks being considered old-fashioned and boring, or appealing only to connoisseurs. Other opportunities exist to launch premium products in the market. Genuinely innovative products, such as those featuring more extreme ingredients, providing consumers with an opportunity to create latte art at home, or targeting brain health will create the buzz and re-invigorate brand’s image.

Deep Research on ”In traditionally “tea” countries, such as Russia and China, the coffee category will grow faster than hot tea. In traditionally “coffee” countries, such as Italy and Brazil, the hot tea category will grow faster than coffee. The desire for relaxation and indulgence are key motivators when it comes to hot drinks consumption.

Brands can target this by highlighting the superior taste sensations of the product, as well as positioning it as accompanying moments of “me-time”. Hot drinks that cater to consumers’ busy lifestyles, such as those that create breakfast or snacking occasions will become more popular.

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Hot Drinks: Identifying the latest trends for beverage manufacturers in the hot drinks industry maps opportunities according to whether they meet niche or mass-market needs, and whether they will come to fruition in the short or long-term. This will help manufacturers and retailers to identify the needs worth targeting and to time new launches correctly. What else does this report offer.

Related Reports On “Beverages”

United States Vegetable Juice Industry 2016 Market Research Report:
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Global Sports Drinks Industry 2016 Market Research Report:
http://www.radiantinsights.com/research/global-sports-drinks-industry-2016-market-research-report

Find out what innovations will shape the Hot Drinks market. This report maps 21 new innovation opportunities according to whether they meet niche or mass-market needs, and shows whether they will come to fruition in the short or long-term. Find out how to target new opportunities in the market. Product examples and key recommendations will help you derive key strategies in areas such as formulation and packaging. Find out how to create an emotive connection with consumers to differentiate yourself among competition.

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Paid search advertising is an effective way of driving qualified traffic to your website and boosting sales. While you can set-up and run paid search campaigns yourself, often you will save money by hiring a paid search agency to run it for you.

Paid search advertising is hugely popular and an important part of many businesses digital strategy. It enables advertisers to only pay for advertising when their ad is clicked on, something that wasn’t available from traditional advertising mediums.

Google transformed the advertising world with the release of Google AdWords. It was revolutionary as it offered massive reach and keyword targeting where companies are only charged when their ad is clicked and where companies set the amount that they want to pay. The majority of Google’s revenue is generated by Google AdWords which is a testament to how valuable AdWords is; companies spend a lot on AdWords as they know they can generate a lot of new business from it.

Some companies choose to run their paid search advertising campaigns in-house, others hire an agency to run it for them. While you will have to pay an agency a management fee, it will often work out more cost effective to hire an agency to run a paid search campaign as Jack Willis from Marketing Grin, a paid search agency in Essex, explains.

“The assumption is that you can save money by running a paid search campaign yourself because you don’t have to pay a management fee. It is understandable why people think this however it often isn’t right. If the campaign is not run properly, you are likely to have a lot of wasted clicks and the cost of the wasted clicks will far outweigh the management fee in most circumstances. Take AdWords for example, it defaults to broad match so your ad can appear for any search with your keywords in. So say you were selling second-hand Ford cars and used the keyword Ford cars, your ad would appear for toy cars, Henry Ford, new Fords etc. – all irrelevant searches and therefore wasting huge amounts of money on wasted clicks. By hiring an agency to run it for you, you will greatly reduce wasted clicks and often save money.”

“Going back to this example, you can see why people become disillusioned by paid search advertising. I often hear people say that AdWords doesn’t work or it’s too expensive when in actual fact, the company is trying to save money and avoid management fees and consequently their campaign is unsuccessful.”

“Running paid search campaigns effectively is a skill that takes a long time to acquire. There are online courses and qualifications such as the AdWords Qualification. If you try and cut corners and run it yourself without having the knowledge to do it effectively, you should expect a steep learning curve and a learning cost.”

Marketing Grin is a full service digital marketing agency working with a variety of different businesses in a broad range of industries. Their focus is to increase a brand’s reach, improve engagement and to convert prospects into long-standing, loyal customers and achieve this using an effective blend of digital marketing channels.

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Radiant Insights, Inc has announced the addition of the “Metrology Services Market Analysis By Product (CMM, ODS), By Application (Automotive, Aerospace, Industrial, Power Generation) And Segment Forecasts To 2020” report to their offering.

The global metrology services market is expected to reach USD 824.6 Million by 2020. Increasing demand for high-precision components in key end-use industries such as automotive, electronics and power generation is expected to drive the market over the forecast period.

Development of metrology software packages such as Geometric Dimensioning and Tolerancing, Robotic Metrology among others is expected to ease the implementation of metrology services in manufacturing industries. Integration issues, emerging as a result of the lack of a universal system, are expected to pose a challenge to the growth of this market. Additionally, increased bargaining power of buyers may hinder industry growth.

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Further key findings from the study suggest:

• Optical Digitizer and Scanners (ODS) dominated the metrology services market, accounting for over 55% of the overall revenue in 2013, primarily due to greater precision and accuracy offered as compared to Coordinate Measuring Machines (CMM). Bridge machines emerged as the leading CMM product segment in 2013, accounting for over 30% of the overall market revenue in 2013. Bridge machines are better suited for repeated measurements and are easy to calibrate. Laser trackers generated the highest revenue among ODS products, which can be attributed to their enhanced accuracy and high speed of operation.

• Industrial applications emerged as the leading segment in 2013, accounting for over 25% of the overall market revenue. This is primarily due to the use of metrology services in crucial operations including quality control, inspection and mechanical design among others. Automotive applications are expected to witness significant growth due to an increased level of precision in components as a consequence of technological developments in automobiles.

• North America metrology services market revenue is expected to reach USD 244.4 million by 2020, growing at a CAGR of 8.2% from 2014 to 2020.

• Asia Pacific is expected to be the market leader over the next six years and contributed over 30% to the global market revenue in 2013, mainly on account of booming automotive industry along with other end-use industries including medical and manufacturing.

• Key companies operating in the market include Nikon Metrology Inc., Carl Zeiss Corporation, Optical Metrological Services, Hexagon AB, Danish Micro Engineering A/S, Renishaw Plc., Optical Gaging Products Inc., Trescal SA and FARO Technologies Inc.

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Related Report of this Category by Radiant Insights:

• 3D Mobile Devices Market:
http://www.radiantinsights.com/research/china-3d-mobile-devices-industry-2016-market-research-report

• AC Wall Adapters Market:
http://www.radiantinsights.com/research/global-ac-wall-adapters-industry-2016-market-research-report

About Radiant Insights

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Hexa Research Added “Non Destructive Testing (NDT) Equipment Market” to their huge database. Application of this equipment for quality control as well as inspection is likely to witness significant growth.

Global Non Destructive Testing (NDT) Equipment Market – Stringent government regulations for safety and quality control are projected to fuel industry demand. Government is taking counter measures in order to prevent accidents such as pipeline explosions and nuclear reactor leakages.

The aim of NDT is to ensure safety as well as reliability, it aids in detecting errors as well as troubleshoot the defects in any equipment, to avoid unpleasant incidents. It also acts as a method of prevention in high-pressure manufacturing units. This equipment is projected to be reliable as it helps in eliminating factual errors. Thus; the aforementioned properties are estimated to boost the non destructive testing equipment market demand.

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Increasing cost and efforts involved in construction of infrastructure is expected to elevate the industry demand. It helps in improving longetivity of the facility as well as machinery, thus increases operational life. For instance, oil refineries in Middle East region are now enhancing their capacities in order to tackle global demand. Operating refineries at optimum capacity may cause any breakdown. Thus, in order to preserve these machines it is mandatory to inspect them for any defects and ensure smooth functioning.

Lack of skilled workforce for testing equipment is likely to hamper the industry growth. Training institutes are not equipped with updated equipment, which might pose as a challenge to the industry growth. However, innovation paired with advancements in NDT technologies such as phased array ultrasound and eddy current array are likely to act as potential avenues for tremendous industry opportunities. These technologies offer more precise and reliable data and thus help in generating accurately assessed reports.

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Technology Overview

Ultrasonic testing was the leading non destructive testing equipment market technology in 2014 and was valued over USD 1.1 billion. It is estimated to exceed USD 1.5 billion by 2022 growing at a CAGR of over 5% from 2014 to 2022. The surge in the industry can be attributed to prominent usage in numerous industries such as aerospace and defence, steel and aluminium construction, manufacturing and automotive sector.

Electromagnetic testing was valued over USD 0.60 billion in 2014. It is expected to exceed USD 1 billion by 2022 growing at CAGR of over 5.5% from 2014 to 2022. The growth can be attributed to its growing usage in oil and gas industries.

End-Use Overview

Power generation was the leading segment. It was valued over USD 1 billion in 2014. It is estimated to reach USD 1.50 billion by 2022 growing at a CAGR of over 5% from 2014 to 2022. The growth can be accredited to rising number of power plants accompanied by equipments used in power plant.

Oil and gas was the second largest market owing to large scale use of this equipment in industry assets such as vessels, tanks, piping, heat exchangers & condensers and rotating. It was valued over USD 0.90 billion in 2014. It is anticipated to exceed USD 1.40 billion by 2022 growing at CAGR of over 4.5% from 2014 to 2022.

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Regional Overview

North America non destructive testing equipment market was valued over USD 1.3 billion in 2014, with CAGR expectation of over 5% from 2014 to 2020. It can exceed over USD 2 billion by 2022. The spur in the segment can be addressed to increasing investments in oil and gas industry.

Asia Pacific is projected to exceed USD 1.25 billion by 2022, growing at CAGR of 6% over the forecast period. Rising purchasing power along with improvising economic condition of the countries namely India, China, Malaysia, Japan and Indonesia is projected to drive the growth in the region.

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Competitive Market Share

The global non destructive testing equipment market share is highly consolidated by top five industry players accounting for more than 70% of the overall share. GE Measurement & Control Solutions was the leading industry player accounting for more than 28% of the overall share.

It has achieved the market leadership position through the expansion of the non-destructive test equipment product line through state-of-the-art technology integration. Key industry participants include GE Measurement & Control Solutions, Olympus Corporation, Zetec Inc. and Eddyfi NDT Inc. among others.

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Increased spending on telecom and IT, low installation/setup cost coupled with advancement in technology is expected to be the key market driver over the forecast period.

The presence of a large number of internet service providers in this region is expected to spur demand across end-use application markets. High demand for coaxial cables, owing to high investment in broadcasting and broadband sectors so as to enhance communication infrastructure, is also expected to serve as a driver to the market over the next six years.

Furthermore, attractive FDI policies and low trade barriers across Canada and Mexico have led to rise in investments in this market. However, high price and threat from substitutes such as fiber optic cables, which are used widely in LANs, may restrain the industry growth over the next few years. Initiatives to extend distribution channels so as to serve potential rural markets and issuing of DOCSIS 3.1 are expected to be an opportunity for industry participants.

Browse Detailed Report With TOC at: North America Coaxial Cable Market

Further key findings from the study suggest:

RF transfer application segment is expected to continue dominating the market, and accounted for over 60% of the overall market share in 2013. This is mainly because of its effectiveness in providing maximum channel bandwidth and low installation cost. Video distribution is expected to grow at the fastest CAGR of 7.3% from 2014 to 2020. Telecom and IT industry is expected to remain the key application area owing to increased investments in these sectors.

In terms of end-use, system integrators are expected to grow at a fastest CAGR of 8.2% from 2014 to 2020, owing to the need for enhancing communication infrastructure.

Technology Market Research Related Reports:

Global Corporate E-learning Market 2016-2020:
http://www.hexareports.com/report/global-corporate-e-learning-market-2016-2020/details

Education Apps Market in the US 2015-2019:
http://www.hexareports.com/report/education-apps-market-in-the-us-2015-2019/details

The U.S. is expected to dominate the market over the forecast period, accounting for over 50% of the market in 2013. Further, it is expected to grow at a CAGR of 6.6% from 2014 to 2020, owing to the presence of key industry participants in the region.

Companies operating in the market include Amphenol Corporation, Belden Inc, General Cable Corporation, LS Cable & System, Coleman Cable Inc, TE Connectivity Ltd, Alpha Wire, L-Com North America Connectivity etc. The market is consolidated in nature, and characterized by low installation cost and ease of use. Initiatives to extend distribution channel in rural markets is expected to remain the key growth strategy over the forecast period.

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About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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The global luxury hotels market registered strong growth in 2014, thanks to the expanding travel and tourism sector, rise in ultra-high-net-worth individuals (grew by more than 5,000 in 2014) and the growing preference of travelers for luxury.

Deep Research Reports: In 2014, the Americas retained the top position as the largest market for luxury hotels closely trailed by Asia-Pacific. About 5,200 new high-end hotels are expected to open in 2015. Key Findings The US is the leader in the luxury hotels market in terms of both revenues (US$46.6 billion in 2014 equivalent to 27% share) and number of rooms available (303,320).

Japan topped the list in terms of occupancy rate (90.9% in 2014) while Hong Kong recorded the highest average (room) revenue per available room (RevPAR) with a value of US$354 in 2014. Mexico recorded the highest number of guests in 2014 (29.2 million) while the UK recorded the fastest growth during the historic period (2010-2014). France was the fastest growing market in terms of rooms available and revenues. Belgium was the fastest growing market during the historic period in terms of RevPAR.

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TShanghai is a leading MICE destination in China, backed by infrastructure and the presence of historical and cultural attractions. At present, luxury hotels in the city generate 13% of their revenues from MICE events. With Chinese economic growth slowing, there has been a decrease in demand from financial institutions.

Related Reports On “Travel Services”

Travel and Tourism in India to 2020:
http://www.radiantinsights.com/research/travel-and-tourism-in-india-to-2020

The Global Budget Hotels Market to 2019:
http://www.radiantinsights.com/research/the-global-budget-hotels-market-to-2019

Detailed region-wise (Americas, Asia-Pacific, Europe, Middle East and Africa) analysis of budget hotels’ key performance indicators such as the number of hotels and rooms available, occupancy rates, room nights available, room nights occupied, number of guests received, average room revenue per available room, average room revenue per occupied room, average total revenue per available room, total room revenue, total non-room revenue, total revenues for the historic (2010-2014) and forecast (2015-2019) periods.

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About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.

We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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The global market for audiology devices is expected to reach USD 9,542.3 million by 2020. Introduction of technological advancements such as wireless devices, acceptance of these devices by the geriatric population along with increase in demand of cost-effective and efficient devices are some of the major drivers of this market.

In addition, presence of untapped growth opportunities in emerging countries such as India, Brazil and China and the increasing health awareness are expected to serve this market as future growth opportunities. Hearing aids dominated the overall market in terms of revenue share at 64.1% in 2013.

High comfort rendered by these products, enhanced connectivity and enhanced user friendliness are some of the factors attributing to its high usage rates and subsequently large market share.

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Further key findings from the study suggest:

Behind-the-Ear (BTE) aids dominated the hearing aid market by product in terms of share at over 55.5% in 2013 due to its ease of use and connectivity.

Europe was the largest regional market in 2013, accounting for over 40.0% of global revenue due to the increased prevalence of deafness coupled with the presence of high patient disposable incomes and sophisticated healthcare infrastructure.

Asia Pacific Audiology Devices Market is expected to grow at the fastest CAGR of 7.4% from 2014 to 2020. Presence of unmet medical needs coupled with a regularly improving healthcare infrastructure coupled with growing population in emerging markets such as India and China are some of the factors attributing to its lucrative growth.

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Cochlear implants are expected witness significant growth over the forecast period, owing to its high effectiveness in terms of sentence understanding. A cochlear implant achieves an average of 80% sentence understanding as compared to hearing aids with 10% sentence understanding.

Key industry participants of this market include William Demant Holdings A/S, GN ReSound Group, Sonova Holdings AG, Starkey Hearing Technologies, Siemens Healthcare and Widex A/S, Phonak, Audioscan, Cochlear Ltd., Interacoustics, ReSound, Rayovac, Advanced Bionics, MED-EL, Natus, Duracell, Grason-Stadler, Sophono, Oticon, MedRx, Power One, Austar Hearing, National Hearing Care, and NHC/Amplifon.

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Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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In Depth Research on “Global Compressed Air Treatment Equipment Market” contaminants and lacks quality required by various intended applications. The industry is expected to witness significant growth owing to growing demand from numerous application areas.

Global Compressed Air Treatment Equipment Market – After coolers were valued over USD 870 million in 2013,and it is likely to be valued at USD 1,391.9 million by 2020. In highly equipped facility such as production unit, compressed air plays a crucial role. Activities namely spray coating, valve operation, and vacuum, packing and cleaning need sterile compressed air. Clean and dry air aids in reduction of operational cost. In addition, it also facilitates in maintaining efficient as well as cost effective production. Industries such as food & beverages and pharmaceuticals are expected to fuel the industry demand owing to requirement of contaminant free air. Escalating need from industries such as food, healthcare & pharmaceutical and electronics & semiconductor are likely to propel the compressed air treatment equipment market demand.

These equipments help in avoiding contaminants such as oil, dirt, moisture or water and thus protects air system. Furthermore, absence of these filters in compressed air systems ultimately leads to inefficient production processes, damaged, spoiled or reworked products, reduced production efficiency, and increased manufacturing costs. This equipment helps in reducing the risk of loss of production and ensures reliable aspects of operating a pressurized system. It also exhibit high impacts in improving manufacturing processes reduce plant noise and energy optimization.

Production of high air quality requires additional air treatment equipment which makes the overall system expensive. High initial capital investment involved in installation of such equipment is estimated to hamper the industry growth. Growing demand of this equipment in industries sector requiring clean, oil-free, dry and sterile compresded air is projected to furnish significant growth opportunities.

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Surface Mining Equipment Market:
http://www.hexaresearch.com/research-report/surface-mining-equipment-market/

Connected Cars Market:
http://www.hexaresearch.com/research-report/connected-cars-market/

3D Scanning Market:
http://www.hexaresearch.com/research-report/3d-scanning-industry/

Air Traffic Control (ATC) Equipment Market:
http://www.hexaresearch.com/research-report/air-traffic-control-equipment-market/

Product Overview

Dryers accounted for over 40% of the overall market share in 2013. It is estimated to dominate the industry owing to increasing demand in food, pharmaceutical and chemical industries. It is likely to reach USD 3,530 million by 2020. Filters are expected to witness highest growth in the industry. Particulate filters were valued at USD 362.4 million in 2013. It is forecast to grow at a CAGR of over 6% from 2014 to 2020 owing to its increasing usage in bulk liquid separation applications.

Application Overview

Breathing air was valued at USD 1,740 million in 2013. It is expected to grow at a CAGR of over 7% during the next few years due to flourishing applications in diving as well as hospitals. Instrument air application accounted for 20.11% of the overall compressed air treatment equipment market share in 2013. It is likely to reach USD 1,760 million by 2020. The growth can be attributed to its property of separating water and dust particles that might cause serious quality issues.

Regional Overview

North America compressed air treatment equipment market accounted for 35% of the overall industry in 2013. It is anticipated to dominate the industry. It is expected to be valued over USD 3,000 million by 2020 owing to the presence of a large number of manufacturing facilities in the region.

Asia Pacific compressed air treatment equipment market is estimated to record highest growth rate and is projected to be valued over USD 2,800 million by 2020. The surge in demand can be addressed to rapid industrialization and urbanization.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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