Global Ultrasonic NDT Equipment Market Analysis & Forecast, from 2016 to 2023
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Ultrasonic NDT Equipment market.
• To provide insights about factors affecting the market growth.
• To analyze the Ultrasonic NDT Equipment market based on porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment on the basis of output, technology and end user.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Ultrasonic NDT Equipment market.
Target Audience
• Ultrasonic NDT Equipment Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Vendors
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors

Key Findings
• The Global Ultrasonic NDT Equipment Market has been valued at USD 1,297.7 million in the year 2016 which is estimated to grow at USD 2,472.50 million by the end of year 2023.
• The Global Ultrasonic NDT Equipment Market is expected to grow with 9.87% of compound annual growth rate from 2017 to 2023.
• By Region-
o North America is dominating the market and has been valued at USD 475.63 million in the year 2016.
o North America Ultrasonic NDT Equipment Market is expected to grow at USD 917.71 million by 2023 with 10.06% of CAGR.
o Europe Ultrasonic NDT Equipment Market holds 32.19% of total market which has been valued at USD 417.79 million in the year 2016 and is estimated to reach at USD 741.91 million by the end of forecast period with 8.77% of CAGR.
o Asia Pacific has emerged as fastest growing market with 12.26% of CAGR and has been valued at USD 285.66 million in the year 2016 and is estimated to reach at USD 633.03 million by the end of forecast period.
• By End Users
o Power Generation segment holds largest market share 26.49% in the year 2016 of Ultrasonic NDT Equipment Market and has been valued at USD 343.7 million. This market is expected to grow at USD 666.9 million by the end of year 2023 with 10.17% of CAGR from 2017 to 2023.
o Oil & Gas Industry segment holds second largest market share of 23.28% in the year 2016 and has been valued at USD 302.1 million in the year 2016 which is estimated to reach at USD 555.7 million by the end of year 2023 with 9.30% of CAGR from 2017 to 2023.
o Aerospace & Defense Sector has emerged as the fastest growing market with 12.12% of CAGR from 2017-2023 and has been valued at USD 278.7 million in the year 2016 which is estimated to reach at USD 612.2 million by the end of forecast period.
• The key market drivers of Ultrasonic NDT equipment are expanding Aerospace and Defense sector, high development and growth in the energy market and Emergence of new avenues for natural gas market whereas the major challenges of the market have been identified as Necessity for price-sensitive and multiple technology solutions, Lack of skilled manpower, Approval of different standards to use new technology and Rise in pipeline sabotage threats.
• The key trends of this market have been identified as Ultrasonic testing for case-hardened components and laser-welded tailored blanks, Growth in electrical vehicle sales and Use of phased array equipment in lieu of radiography among others.

Regional and Country Analysis of Ultrasonic NDT Equipment Market Estimation and Forecast
North America was the largest market for ultrasonic NDT equipment market due to increasing focus by automotive manufacturers to increase its production processes in U.S. Among other countries in North-America, U.S. is dominating the ultrasonic NDT equipment and Canada is expected to grow over the forecast period whereas Europe is growing at a stable rate over the forecast period with a CAGR of 8.77% from 2017 to 2023. The region is attributed to the increasing safety regulations, rapid prototyping and industrialization among others. Also, the expansion in the aerospace and defense sector is expected to boost the market. Whereas, factors such as lack of skilled workforce and the equipment being expensive for testing are stopping the market to grow in the European region..
The reports also cover country level analysis:
• North America
o US
o Canada
o Mexico
o Others
• Europe
o Germany
o UK
o France
o Rest of the Europe
• Asia – Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World

1 Executive Summary 8
1.1 Key Market Highlights 9
2 Market Dynamics 10
2.1 Introduction 10
2.2 Drivers 11
2.2.1 Expanding aerospace and defense sector 11
2.2.2 Growth in wind energy market 12
2.2.3 Emergence of new avenues for natural gas market 14
2.3 Challenges 15
2.3.1 Necessity for price-sensitive and multiple-technology solutions 15
2.3.2 Lack of skilled manpower 15
2.3.3 Approval of different standards to use new technology 15
2.3.4 Rise in pipeline sabotage threats 15
2.4 Market Trends 16
2.4.1 Growth In Electrical Vehicle Sales 16
2.4.2 Use of Phased Array Equipment in Lieu of Radiography 18
2.4.3 Miniaturization and Need for Customization of Ultrasonic NDT Equipment 18
2.4.4 Ultrasonic Testing for Case-Hardened Components and Laser-Welded Tailored Blanks 18
2.5 Porter’s Five Forces Analysis 18
2.5.1 Introduction 18
3 Ultrasonic NDT Equipment Market, By End-User 20
3.1 Introduction 20
3.2 Oil & Gas Industry 21
3.3 Power Generation 23
3.4 Aerospace and defense sector 28
3.5 Automotive and Transportation industry 30
3.6 Others 31
4 Ultrasonic NDT Equipment Market, By Region 33
4.1 Introduction 33
4.2 North-America 34
4.3 Europe 36
4.4 Asia-Pacific 38
4.5 Rest of the World 41
5 Company Profile 43
5.1 Competitive Scenario 43
5.1.1 Other Prominent Vendors 44
5.2 Key Vendor Analysis 45
5.2.1 GE Inspection Technologies 45
5.2.1.1 Overview 45
5.2.1.2 Product/Services Offering 45
5.2.1.3 Strategy 46
5.2.1.4 SWOT Analysis 46
5.2.2 Olympus Corporation 48
5.2.2.1 Overview 48
5.2.2.2 Product/Services Offering 48
5.2.2.3 Strategy 49
5.2.2.4 SWOT Analysis 49
5.2.3 Sonatest 51
5.2.3.1 Overview 51
5.2.3.2 Product/Services Offering 51
5.2.4 Danatronics 52
5.2.4.1 Overview 52
5.2.4.2 Product/Services Offering 52
5.2.5 Eddyfi 53
5.2.5.1 Overview 53
5.2.5.2 Product/Services Offering 53
5.2.6 James Instruments 54
5.2.6.1 Overview 54
5.2.6.2 Product/Services Offering 54
5.2.7 NDT Systems 55
5.2.7.1 Overview 55
5.2.7.2 Product/Services Offering 55
5.2.8 PaR Systems 57
5.2.8.1 Overview 57
5.2.8.2 Product/Services Offering 57
5.2.9 Qualitest International 58
5.2.9.1 Overview 58
5.2.9.2 Product/Services Offering 58
5.2.10 Trinity NDT 59
5.2.10.1 Overview 59
5.2.10.2 Product/Services Offering 59
6 Scope of the Report 60
6.1 Market overview 60
6.2 Scope of the Study 60
6.3 Assumptions 60
6.4 Market Structure 60
6.5 Top Vendor Offerings 61
7 Market Research Methodology 63
7.1 Research Process 63
7.2 Primary Research 64
7.3 Secondary Research 64
7.4 Market Size Estimation 64
7.5 Forecast Model 65
8 Appendix 66
8.1 List of abbreviations 66

The post Global Ultrasonic NDT Equipment Market & Forecast 2016 To 2023 first appeared on CRI Report.

According to Market Research Future Analysis, cumulatively the global polyolefins market is expected to reach USD 324 Billion by 2023 expanding at a CAGR of 6.49% during forecast period of 2017-2023. According to end user type, packaging and automotive together are about to grow around USD 160 Billion by 2023 which is a clear indication for more demand from these sector and further more demand for polyolefins. The growth of this market is majorly driven by their increasing consumption in consumer goods and FMCG sector. Moreover, polyolefins are widely preferred over metallic and non-metallic substitutes on account of their light weight, resistance to physical and chemical attacks, and high durability. The above mentioned reason is responsible for their wide usage in production of packaging products which is used on daily basis. Furthermore, rising government regulations regarding the optimization of fuel efficient vehicles has led to raise the demand for light weight automobile parts. Increasing disposable income along with rising lightweight automotive production and sales in developed and developing countries is estimated to drive the demand for polyolefins market. Geographically, Asia Pacific accounted for the largest market share in terms of value and volume. In this China is the largest and India as well as Japan is expected to be the fastest growing market for polyolefins on account of rapid industrialization and growth of end user industries.

FIGURE 1 GLOBAL POLYOLEFINS MARKET, BY APPLICATION, 2015 (%)

Sources: MRFR analysis
Regional Analysis

The global polyolefins market is segmented into Asia Pacific, Europe, North America, Middle East, and Latin America. Among them, the Asia Pacific region is accounted for the largest market for polyolefins followed by North America and Europe. Asia Pacific accounts for around 47% of the volume share in the global market. Some of the prominent factors attributed to the regional growth are rapid industrialization, ease in availability of raw material supply, inexpensive land and labor cost, and presence of largest production base with minimal regulatory norms. The demand for polyolefins is expected to surge in various countries of Asia Pacific such as India, Japan, China, Taiwan, Malaysia, and South Korea on account of continuous growth of automotive sector along with increasing construction activities. Europe and North America are relatively mature markets and are predicted to witness steady growth. In Europe, Germany, the U.K, and France are among the major contributors to the regional market growth and is expected to retain their dominance over the forecast period on account of the wide utilization of polyolefins in packaging and automotive sector. Emerging countries of Latin America and North America such as Mexico, Brazil, and U.S. are predicted to witness significant growth due to rising volume of vehicle production and sales in these regions. Furthermore, high adoption rate in electronics and electrical industry along with continuous growth of pharmaceutical and medical sector is estimated to fuel the regional market growth. In the Middle East and Africa, countries such as Qatar, Turkey, Saudi Arabia, and the United Arab Emirates are expected to be the dominating region on account of rising building and construction activities. Moreover, increasing development of institutional, residential, and commercial buildings along with high utilization of polyolefins in construction industry is expected to propel the regional market growth.
Segmentation
The polyolefins market is further categorized into type, application, end user, and region. Based on type, the market is segmented into polyethylene, polypropylene and others. Based on application, the market is categorized into film & sheets, blow molding, injection molding, fibers and others. Based on end user, the market is classified into packaging, automotive, construction, pharmaceuticals/medical, electronics & electrical and others. Based on region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global polyolefins market are W.R. Grace, LyondellBasell Industries Holdings B.V, E. I. du Pont de Nemours and Company, PetroChina Company Limited, PolyOne Corporation, Arkema SA and SABIC.
Key Findings
Global polyolefins market is estimated to reach USD 324 billion by 2023 with 6.49% CAGR during review period of 2017-2023. Asia-Pacific accounted for the largest market share on account of increasing application industries in this region. Among type segment, polyethylene acquired the market share of 46% in 2015 with the market value of USD 96.6 billion in 2016 growing at a CAGR of 6.45% till forecast period. Among applications, packaging industry emerged as the leading application industry in global polyolefins market.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o U.K.
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
• Middle East & Africa

Intended Audience
• Polyolefins manufacturers
• Traders and distributors of polyolefins
• Polyolefins Associations
• Potential investors
• Raw material suppliers
DC –Description
• Polyolefins
• Polyolefin Plastic
• Polycarbonate
• Polypropylene
• Thermoplastic
• Polystyrene
• Polyurethane
• Flame retardant
• Polysulfide

Table of Contents

1 Executive Summary 13
2 Report Prologue 14
3 Market Introduction 15
3.1 Definition 15
3.2 Scope of the Study 15
3.3 Research Objective 15
3.4 Assumptions & Limitations 16
3.4.1 Assumptions 16
3.4.2 Limitations 16
3.5 Market Structure 16
4 Research Methodology 18
4.1 Research Process 18
4.2 Primary Research 19
4.3 Secondary Research 19
4.4 Market Size Estimation 19
5 Market Dynamics 22
5.1 Introduction 22
5.2 Drivers 23
5.2.1 Wide Range of Applications 23
5.2.2 Growing Packaging Industry 24
5.2.3 Increasing Demand from Construction Industry 24
5.2.4 Growing Asia-Pacific Region 24
5.3 Restraints 25
5.3.1 Increasing Demand – Supply Gap 25
5.3.2 Fluctuation in Crude Oil Prices 26
5.3.3 Stringent Environmental Regulations on Non-Biodegradable Plastic Residues Challenging Market Growth 26
5.4 Trends & Opportunities 27
5.4.1 Increasing Popularity of Green and Natural Polyolefins 27
5.4.2 Increasing Demand For Bio-Based Polyolefin 27
5.4.3 Increasing Demand from FMCG and Plastic Packaging Industries 28
6 Market Factor Analysis 29
6.1 Value Chain Analysis 29
6.1.1 Raw Material Suppliers 29
6.1.2 Polyolefins Manufacturers 29
6.1.3 Distributor/Supplier 29
6.1.4 End Users 30
6.2 Porter’s 5 Forces Analysis 30
6.2.1 Threat from New Entrants 30
6.2.2 Bargaining Power of Buyers 31
6.2.3 Bargaining Power of Supplier 31
6.2.4 Threat from Substitutes 32
6.2.5 Threat of Rivalry 32
7 Global Polyolefins Market, By Type 33
7.1 Introduction 33
7.2 Polyethylene (PE) 36
7.2.1 HDPE (High-density polyethylene) 39
7.2.2 LDPE (Low-density polyethylene) 40
7.2.3 LLDPE (Linear low-density polyethylene) 42
7.3 Polypropylene (PP) 44
7.4 Others 46
8 Global Polyolefins Market, By Application 47
8.1 Introduction 47
8.2 Film & Sheets 49
8.3 Blow Molding 51
8.4 Injection Molding 52
8.5 Fibers 54
8.6 Others 55
9 Global Polyolefins Market, By End User 57
9.1 Introduction 57
9.2 Packaging 59
9.3 Automotive 60
9.4 Construction 61
9.5 Pharmaceuticals/Medical 63
9.6 Electronics & Electricals 64
9.7 Others 65
10 Global Polyolefins Market, By Region 67
10.1 Introduction 67
10.2 North America 69
10.2.1 United States 73
10.2.2 Canada 76
10.3 Europe 79
10.3.1 Germany 83
10.3.2 United Kingdom 86
10.3.3 France 89
10.3.4 Italy 92
10.3.5 Rest of Europe 95
10.4 Asia-Pacific 98
10.4.1 China 102
10.4.2 Japan 105
10.4.3 India 108
10.4.4 Rest of APAC 111
10.5 Rest of the World 114
10.5.1 Middle East & Africa 118
10.5.2 Latin America 121
11 Competitive Landscape 125
11.1 Introduction 125
11.2 Acquisition 126
11.3 Expansion 127
11.4 Product Development & Product launch 130
12 Key Players 131
12.1 W.R. Grace 131
12.1.1 Company Overview 131
12.1.2 Product/Business Segment Overview 131
12.1.3 Financial Updates 132
12.1.4 Key Developments 133
12.2 LyondellBasell Industries Holdings B.V 134
12.2.1 Company Overview 134
12.2.2 Product/Business Segment Overview 134
12.2.3 Financial Updates 134
12.2.4 Key Developments 135
12.3 E. I. du Pont de Nemours and Company 136
12.3.1 Company Overview 136
12.3.2 Product/Business Segment Overview 136
12.3.3 Financial Updates 137
12.3.4 Key Developments 138
12.4 PetroChina Company Limited 139
12.4.1 Company Overview 139
12.4.2 Product/Business Segment Overview 139
12.4.3 Financial Updates 140
12.4.4 Key Developments 140
12.5 PolyOne Corporation 141
12.5.1 Company Overview 141
12.5.2 Product/Business Segment Overview 141
12.5.3 Financial Updates 141
12.5.4 Key Developments 142
12.6 Arkema SA 143
12.6.1 Company Overview 143
12.6.2 Product/Business Segment Overview 143
12.6.3 Recent Financials 144
12.6.4 Key Developments 145
12.7 SABIC 146
12.7.1 Company Overview 146
12.7.2 Product/Business Segment Overview 146
12.7.3 Financial Updates 146
12.7.4 Key Developments 148
13 Conclusion 149

The post Global Polyolefins Market – Trends & Forecast, 2017-2023 first appeared on CRI Report.