Friday 11 September 2015

Engineering Services Outsourcing Market Analysis-Size, Share, Growth, Trends and Forecasts To 2020: Grand View Research



The Global Engineering Services Outsourcing (ESO) Market is expected to reach USD 415.74 billion by 2020, according to a new study by Grand View Research, Inc. Increased cost pressures on global firms resulting in constrained R&D budgets is a primary driver for market growth over the forecast period. Additionally, shorter product life cycles owing to dynamic consumer buying behavior are also expected to favorably impact market growth.


Enhancement in production process, cost advantage and lowered time-to-market are some of the other factors expected to boost market growth. Threat of intellectual property (IP) theft may pose a challenge to industry growth as it results in significant losses for businesses. Legal enforcements in a few offshore locations make it difficult for prosecuting firms which misuse confidential data and patents.




Further key findings from the study suggest:

  • ESO demand in telecom accounted for over 20% of the overall market in 2013. Telecommunications service providers have been implementing operations and business support systems for ensuring smooth business operations. This requires significant back-end expertise and equipment, thus propelling the use of ESO in systems. The consumer electronics segment is expected to witness the fastest growth over the forecast period. This can be primarily attributed to drastic reduction in product life cycles, forcing companies to bring about product innovations at a faster rate.

  • Asia Pacific was the largest regional market in 2013, accounting for over 50% of the total demand; it is further expected to remain the market leader over the forecast period. This is mainly on account of the presence of a large talent pool, strong manufacturing base, emerging local demand and cost arbitrage in countries such as China and India. The market in Europe is expected to grow at a CAGR of over 25% from 2014 to 2020, owing to an inclination among several European firms to outsource engineering activities within the same country or within Western European nations for ensuring regulatory compliance.

  • Key industry participants include HCL Technologies Ltd, Wipro, Tata Consultancy Services and Infosys Ltd. Other companies operating in the market include VanceInfo Technologies Inc., Tata ELXSI, QuEST Global, MindTree Ltd., KPIT Cummins Infosystems Ltd., Infotech Enterprises Ltd., IGATE Corp., GlobalLogic, EPAM Services, Cybage Software Pvt. Ltd., Calsoft Labs, Aricent Group, etc.

For the purpose of this study, Grand View Research has segmented the global engineering services outsourcing market on the basis of end-use and region:

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Information, Visit Grand View Research

Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone:  1-415-349-0058
Toll Free:  1-888-202-9519
Email:  sales@grandviewresearch.com

Solvent Market Analysis- Size, Share, Growth, Trends and Forecasts To 2020: Grand View Research



The Global Solvent Market is expected to reach USD 31.63 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for industrial solvents from pharmaceuticals and paints & coatings industry is expected to remain a key driving factor for the global market. Additionally, high infrastructure spending and positive industrial outlook in the emerging markets of Asia Pacific and Latin America is further expected to fuel solvent demand over the next six years.


Alcohol based solvents emerged as the leading product segment and accounted for 29.8% of total market volume in 2013. Along with being the largest product segment, alcohol based solvents is also expected to be the fastest growing products, at an estimated CAGR of 3.5% from 2014 to 2020. Alcohol based solvents were followed by hydrocarbons which are expected to exceed a market worth USD 8 billion by 2020.




Further key findings from the study suggest:

  • The global market for solvents was 18,303.2 kilo tons in 2013 and is expected to reach 22,973.4 kilo tons by 2020, growing at a CAGR of 3.3% from 2014 to 2020.

  • Paints & coatings were the largest application segment for solvents and accounted for over 60% of total market volume in 2013. Along with being the largest application segment, paints & coatings are also expected to be the fastest growing application for solvents, at an estimated CAGR of 3.6% from 2014 to 2020. Growth of global paints and coatings industry is expected to drive the demand for solvents over the next six years.

  • Asia Pacific continued its dominance in the global market and accounted for over 40% of total market volume in 2013. In addition of being the largest market, Asia Pacific is also expected to be the fastest growing regional market for solvents at an estimated CAGR of 3.7% from 2014 to 2020.

  • The global market for solvents is moderately fragmented with top four companies including Dow Chemicals, Shell Chemicals, ExxonMobil and British Petroleum (BP) accounting for just over 45% of total market in 2013. Some other companies operating in the global market include BASF, Sasol Solvents, Celanese Corporation, Ashland Inc., Eastman Chemical Company and Solvay SA.

For the purpose of this study, Grand View Research has segmented the solvent market on the basis of product, application and region:


About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Information, Visit Grand View Research

Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone:  1-415-349-0058
Toll Free:  1-888-202-9519
Email:  sales@grandviewresearch.com

Industrial Protective Clothing Market Analysis-Size, Share, Growth, Trends and Forecasts To 2020: Grand View Research



The Global Industrial Protective Clothing Market is expected to reach USD 4.06 billion by 2020, according to a new study by Grand View Research, Inc. Increasing industrialization in emerging markets of India and China coupled with rising importance of safety in industries and emergence of blue collar workforce are expected to remain key driving forces for the market. High cost and complex manufacturing process associated with industrial protective clothing are expected to be key challenges for market participants.


Chemical defending garments emerged as the leading application segment for industrial protective clothing and accounted for 36.8% of total market volume in 2013. Chemical defending garments are used for protecting skin from hazardous chemicals usually used in laboratories and chemical industries. Flame retardant apparel is expected to be the fastest growing application segment for industrial protective clothing at an estimated CAGR of 11.1% from 2014 to 2020.


Further key findings from the study suggest:

  • Global industrial protective clothing demand was 2,519.4 million square meters in 2013 and is expected to reach 5,048.4 million square meters by 2020, growing at a CAGR of 10.7% from 2014 to 2020.

  • North America continued its dominance in the global market and accounted for 55.5% of total market volume in 2013. However, Asia Pacific is expected to be the fastest growing regional market for industrial protective clothing, at an estimated CAGR of 12% from 2014 to 2020. Growth of industrialization coupled with government interventions to increase safety for industrial workers is expected to drive its demand over the next six years.

  • Developed economies of North America and Europe are fairly mature markets for industrial protective clothing and are driven by technological advancement and aware consumers. European market for industrial protective clothing is expected to reach a market worth USD 953.5 million by 2020.

  • Key companies in the market include DuPont, Royal TenCate NV, W. L. Gore & Associates, Honeywell International, Lakeland Industries Inc., PBI Performance Product Inc., Kimberly Clark, Benette Safetywear Ltd., and Bulwark Protective Apparel. Companies such as Ansell Limited, Teijin Limited, and Australian Defense Apparel are key participants in emerging markets of India, Japan and China.

For the purpose of this study, Grand View Research has segmented the Industrial Protective Clothing market on the basis of application and region:


About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Information, Visit Grand View Research

Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone:  1-415-349-0058
Toll Free:  1-888-202-9519
Email:  sales@grandviewresearch.com