Categoria: chemical

IMARC Group, a leading market research company, has recently releases report titled “North America Modular Construction Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the North America modular construction market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the North America modular construction market?

The North America modular construction market size reached US$ 25.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

What is modular construction?

Modular construction refers to the construction of standardized building components in a separate location and installing them later at the primary construction site. It involves the prefabrication of two-dimensional (2D) and three-dimensional (3D) volumetric structures in off-site factories with controlled industrial conditions. It uses individual modules or sections such as bathroom pods, kitchens, and complete or partial rooms produced in a facility using standard materials and code of construction. It is also widely deployed for temporary and permanent structures, including industrial facilities, classrooms, military housing, and camps. Additionally, it allows easy relocation or expansion, several design choices, enhanced quality control, and reduced construction duration. Owing to these benefits, modular construction is gaining immense traction in North America due to its ability to minimize waste, reduce disruptions at the construction site, and provide customization options tailored to customer preferences.

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What are the growth prospects and trends in the North America modular construction industry?

The market is primarily driven by the significant expansion in building and construction activities. In addition, the growing population, rising disposable income, and increasing demand for prefabricated building structures, which reduce construction costs and time, are contributing to the market growth. In line with this, the rising number of infrastructure projects, including modern housing centers, healthcare facilities, corporate buildings, and educational institutes, are influencing the market growth. Moreover, the continuous technological advancement and the incorporation of artificial intelligence, 3D printing, and building information modeling (BIM) with the prefabrication method represent another major growth-inducing factor. Besides this, the growing environmental concerns regarding carbon (CO₂) emissions from traditional construction methods are accelerating the product adoption rate. Along with this, the implementation of several government initiatives to promote green buildings in North America due to the increasing prevalence of extremely cold weather, characterized by shorter daytime and heavy snowfall, is propelling the modular construction methods market.

Apart from this, modular construction market is growing at different rates in North American region due to rapid urbanization, the growing population, increasing construction activities, and rising disposable income. Moreover, the industry is expected to face competition in the upcoming years as various key players are implementing competitive strategies to sustain their presence in the market. For instance, in June 2021, VESTA Modular collaborated with BD Modular Solutions, a leading player in the modular market established in 2016. Through this acquisition, VESTA Modular, based in Southfield, Michigan, intends to strengthen its presence in the western states and enhance its customer service capabilities. Additionally, the escalating demand for new hospitality, housing, and industrial structures and the increasing adoption of modular construction in urban and semi-urban areas for office space are providing a thrust to the market growth. Furthermore, the increasing adoption of modular construction, as it offers clean and noisy free construction without disturbing patients in the upgradation of healthcare infrastructure, is creating a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Division:

• Permanent Modular Construction (PMC)
• Relocatable Buildings (RB)

Breakup by Sector:

• Public
• Residential
• Commercial
• Others

Breakup by Material:

• Wood
• Concrete
• Steel
• Others

Breakup by Country:

• United States
• Canada

Who are the key players operating in the industry?

The report covers the major market players including:

• Aries Building Systems, LLC
• ATCO Ltd.
• Boxx Modular, Inc. (Black Diamond Group)
• Mobile Modular Management Corporation (McGrath RentCorp, Inc.)
• Modular Genius, Inc.
• Satellite Shelters, Inc.
• Triumph Modular Corporation
• Vanguard Modular Building Systems, LLC
• Vesta Modular
• Willscot Corporation.

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

IMARC Group, a leading market research company, has recently releases report titled “Material Testing Market Report by Type (Universal Testing Machines, Servohydraulic Testing Machines, Hardness Testing Machines, Impact Testing Machines, Non-Destructive Testing Machines), Material (Metals and Alloys, Plastics, Rubber and Elastomers, Ceramics and Composites, and Others), End Use Industry (Automotive, Construction, Education, Aerospace and Defense, Oil and Gas, Energy and Power, and Others), and Region 2024-2032.” The study provides a detailed analysis of the industry, including the global material testing market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the material testing market?

The global material testing market size reached US$ 6.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.

What is material Testing?

Material testing is essential in various industries, including manufacturing, construction, and engineering. It involves evaluating materials’ physical and mechanical properties to ensure their quality, reliability, and suitability for specific applications. These tests provide valuable data that help in making informed decisions about materials selection and design. It typically includes examining strength, hardness, durability, density, and thermal and electrical properties. It measures a material ability to withstand loads or forces without deformation or failure. Some common strength tests include tensile, compressive, and shear tests. It determines a material’s resistance to indentation or abrasion, which can be important for assessing wear resistance. It is evaluated by subjecting it to various environmental conditions, such as temperature, humidity, and corrosive substances, to see how it performs over time. It analyses the chemical composition of a material to ensure it meets specific standards and requirements.

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What are the growth prospects and trends in the material testing industry?

The material testing market is primarily driven by ensuring the quality of materials used in manufacturing processes. Material testing helps companies identify flaws, defects, and inconsistencies in raw materials, leading to higher-quality end products and increased customer satisfaction. In addition, the constant development of new materials, especially in industries including electronics and healthcare, requires rigorous testing to evaluate their suitability for specific applications, which fosters a need for specialized material testing solutions, thus influencing market growth.

Moreover, the growing environmental awareness is escalating the demand for eco-friendly and sustainable materials, representing another major growth-inducing factor. Besides this, material testing helps identify materials that meet these criteria, aligning with the global push for sustainability and accelerating market growth. Along with this, advances in testing technologies, such as non-destructive testing (NDT) methods and automation, made material testing more efficient and accurate, which increased its appeal across industries, propelling the market growth. Furthermore, the extensive use of material testing in research and development (R&D) efforts to create new products with enhanced properties while companies invest in testing to optimize materials for specific applications, from lighter and stronger alloys to advanced polymers, is making a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Universal Testing Machines
• Servohydraulic Testing Machines
• Hardness Testing Machines
• Impact Testing Machines
• Non-Destructive Testing Machines

Breakup by Material:

• Metals and Alloys
• Plastics
• Rubber and Elastomers
• Ceramics and Composites
• Others

Breakup by End Use Industry:

• Automotive
• Construction
• Education
• Aerospace and Defense
• Oil and Gas
• Energy and Power
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Admet Inc.
• Ametek Inc.
• Applied Test Systems LLC
• Illinois Tool Works Inc.
• Labquip
• Mistras Group Inc.
• Mitutoyo Corporation
• MTS Systems Corporation
• Shimadzu Corporation
• Tinius Olsen Ltd.
• Wirsam Scientific
• ZwickRoell AG.

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

IMARC Group, a leading market research company, has recently releases report titled “Portland Cement Market Report by Type (Type 1, Type 2, Type 3, Type 4, Type 5), Application Sector (Residential, Commercial, Industrial), Packing Type (10 KG, 15 KG, 25 KG, and Others), Trade Data (Import Trends, Export Trends), and Region 2023-2028” The study provides a detailed analysis of the industry, including the global portland cement market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the portland cement market?

The global portland cement market size reached 2.2 Billion Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.81 Billion Tons by 2028, exhibiting a growth rate (CAGR) of 3.68% during 2023-2028.

What is portland cement?

Portland cement is a core ingredient utilized in the formulation of concrete, which is crucial for construction activities globally. It is a finely ground material originating from the calcination of natural materials, primarily limestone and clay, which solidifies when combined with water. This binder, once mixed with aggregates like sand and gravel, results in the concrete mixture widely used in the construction of buildings, bridges, roads, and various infrastructural projects. Its consistent and dependable nature is vital to the durability and longevity of structures, ensuring their longevity even in challenging environments. At present, Portland cement is recognized for its adaptability, strength, and resilience, making it an indispensable element in modern construction.

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What are the growth prospects and trends in the portland cement industry?

The global Portland cement is primarily driven by the rising product demand from the expanding construction activities, particularly in developing economies. Apart from this, rapid urbanization and infrastructure development, coupled with the increasing housing projects, are catalyzing the demand for Portland cement. Moreover, the escalating need for more durable and resilient construction materials in areas prone to natural calamities boosts its consumption, further propelling market growth. In addition, there is a significant shift toward sustainable and eco-friendly construction practices. This has led to the introduction and acceptance of blended Portland cement varieties that integrate industrial by-products like fly ash and slag, thus reducing the carbon footprint of cement production and augmenting market growth. Furthermore, continuous research and technological advancements in the cement industry, focusing on improving product efficiency and sustainability, are expected to stimulate market growth in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Type 1
• Type 2
• Type 3
• Type 4
• Type 5

Breakup by Application Sector:

• Residential
• Commercial
• Industrial

Breakup by Packing Type:

• 10 KG
• 15 KG
• 25 KG
• Others

Breakup by Trade Data:

• Import Trends
• Export Trends

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Mitsubishi Cement Corporation
• Alamo Cement Company
• Lafarge
• Martin Marietta
• Heidelberg Cement
• National Cement Company
• American Cement Company
• Holcim
• Argos
• Essroc
• China National Building Material
• Salt River Materials Group
• Italcementi
• Anhui Conch Cement
• Ash Grove Cement Company
• Tanzania Portland Cement Company
• Quikrete
• CalPortland Company
• Capitol Aggregates
• CEMEX
• GCC of America
• Lehigh Hanson
• NationalCement Company of Alabama
• Ultratech Cement
• BuzziUnicem USA

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

IMARC Group, a leading market research company, has recently releases report titled “Glycolic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global glycolic acid market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the glycolic acid market?

The global glycolic acid market size reached US$ 425.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 642.8 Million by 2028, exhibiting a growth rate (CAGR) of 7.15% during 2023-2028.

What is glycolic acid?

Glycolic acid (C2H4O3) stands for an alpha hydroxy acid (AHA) that is derived from various plants, including grapes, sugar beets, pineapple, etc. It is colorless, odorless, soluble in water, non-volatile, etc. Glycolic acid is commonly utilized as an exfoliant in skincare products, such as cleansers, moisturizers, serums, face masks, etc., to prevent acne, fade hyperpigmentation, remove dead skin cells, etc. It is used in leather tanning, textile and metal processing, fabric dyeing, printing, etc. Apart from this, it also finds applications as an etching agent in oil well operations.

Request for a free sample copy of this report: https://www.imarcgroup.com/glycolic-acid-market/requestsample

What are the growth prospects and trends in the glycolic acid industry?

The increasing influence of social media, inflating income levels, and growing focus on physical appearances are driving the demand for skin care products, which is primarily augmenting the glycolic acid market. Moreover, glycolic acid is also utilized in the food and beverage (FB) industry as a preservative, flavoring agent, and adhesive for packaging products. In addition to this, increasing environmental concerns are encouraging the manufacturing of economic and biodegradable cleaning products, which utilize glycolic acid. Additionally, several key manufacturers are investing in research and development (RD) activities to improve product efficacy and effectiveness. Furthermore, the rising usage of glycolic acid in the production of biomedical devices, such as staples, sutures, implants, meshes, etc., is expected to fuel the global glycolic acid market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Source:

• Synthetic
• Natural

Breakup by Purity Level:

• 99% Purity
• 70% Purity
• 60% Purity
• 30% Purity
• Others

Breakup by Application:

• Personal Care and Cosmetics
• Household
• Textile
• Food Processing
• Pharmaceuticals
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Avid Organics
• CABB Group GmbH
• China Petrochemical Corporation
• CrossChem Limited
• Mehul Dye Chem Industries
• Merck KGaA
• Parchem fine and specialty chemicals
• The Chemours Company
• Tokyo Chemical Industry Co. Ltd
• Water Chemical Co. Ltd
• Zhonglan Industry Co. Ltd

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

IMARC Group, a leading market research company, has recently releases report titled “High Purity Alumina Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global high purity alumina market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the high-purity alumina market?

The global high purity alumina market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2028, exhibiting a growth rate (CAGR) of 25% during 2023-2028.

What is high-purity alumina?

High-purity alumina (HPA), or aluminum oxide, is a refined form of non-metallurgical alumina. It is manufactured via the process of hydrolysis of aluminum oxide, hydrochloric acid leaching, underwater spark discharge with aluminum, and vapor-phase oxidation. It is categorized into 4N, 5N, and 6N types based on its purity level and has a high melting point, corrosion resistance, and thermal stability. As a result, HPA finds extensive applications in producing artificial sapphire substrates, semiconductors, light-emitting diodes (LEDs), ceramics, lithium-ion batteries, photovoltaic cells, smart electronic devices, and artificial gemstones across the globe.

Request for a sample copy of this report: https://www.imarcgroup.com/high-purity-alumina-market/requestsample

What are the growth prospects and trends in the high-purity alumina industry?

The global high-purity alumina market is primarily driven by the increasing awareness regarding sustainable development among the masses. Moreover, key players are investing heavily in energy-efficient alternatives for incandescent bulbs, thereby positively influencing the market growth. Additionally, the escalating demand for LED bulbs due to the rising government initiatives toward the development of smart cities has catalyzed market growth. Besides this, the increasing use of high-purity alumina in manufacturing dental and orthopedic implants is propelling the market growth. Furthermore, the surging adoption of electronic devices by individuals and businesses owing to the rapid digitization of various industries is contributing to market growth. Other factors, including ongoing research and development (R&D) activities, significant improvements in the electronics sector, and elevating levels of urbanization, are also anticipated to drive the market further.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Purity Level:

• 4N
• 5N
• 6N

Breakup by Production Method:

• Hydrolysis of Aluminium Alkoxide
• Hydrochloric Acid Leaching
• Others

Breakup by Application:

• LED
• Semiconductor Substrate
• Phosphor
• Sapphire Glass
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Alcoa Corporation
• Altech Chemicals Limited
• Baikowski SAS
• Coorstek Inc. (Keystone Holdings LLC)
• Nippon Light Metal Holdings Company Ltd.
• Norsk Hydro ASA
• RusAL
• Sasol Limited
• Sumitomo Chemical Co. Ltd
• Zibo Honghe Chemical Co. Ltd.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

IMARC Group, a leading market research company, has recently releases report titled “Photocatalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″ The study provides a detailed analysis of the industry, including the global photocatalyst market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the photocatalyst market?

The global photocatalyst market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.2% during 2023-2028.

What is a photocatalyst?

A photocatalyst is a substance that can accelerate a chemical reaction when exposed to light, typically ultraviolet (UV) or visible light. It achieves this by initiating or facilitating a reaction that would not occur without light. It is widely employed in photocatalytic oxidation, breaking down organic pollutants, bacteria, and other contaminants in air and water. Titanium dioxide (TiO2) is one of the most used photocatalysts. Photocatalysis has the potential for harnessing solar energy through processes like water splitting for hydrogen production, making it a significant area of research and innovation. At present, photocatalysts find extensive applications in air and water purification, self-cleaning surfaces, and solar energy conversion technologies across the globe.

Request for a sample copy of this report: https://www.imarcgroup.com/photocatalyst-market/requestsample

What are the growth prospects and trends in the photocatalyst industry?

The global photocatalyst market is primarily driven by the increasing awareness of environmental sustainability and the rising need for air and water purification technologies. Moreover, the growing emphasis on green building practices and self-cleaning surfaces has escalated the use of photocatalytic coatings and materials, particularly in construction and architectural applications. Apart from this, the rapid expansion of the healthcare sector has augmented the demand for photocatalytic materials in the development of antimicrobial surfaces and medical devices that enhance hygiene and infection control, thereby propelling market growth. Furthermore, the integration of photocatalysis into renewable energy systems, such as water splitting for hydrogen production and air purification in indoor environments, is contributing to market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Titanium Dioxide
• Zinc Oxide
• Others

Breakup by Form:

• Powder
• Fines
• Sponge
• Bars/Blocks
• Granules
• Ingots

Breakup by Application:

• Self-Cleaning
• Air Purification
• Water Treatment
• Anti-Fogging
• Others

Breakup by Region:

• North America (U.S. Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Daicel Corporation
• Ishihara Sangyo Kaisha Ltd
• Japan Photocatalyst Center Co. Ltd.
• Kaltech Co. Ltd.
• Nanoptek Corporation
• Sakai Chemical Industry Co Ltd
• Showa Denko K. K.
• Souma Co. Ltd.
• Tayca Corporation
• The Chemours Company
• Toto Ltd.
• Tronox Limited

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Groups information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email:sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

IMARC Group, a leading market research company, has recently releases report titled “North America Modular Construction Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the North America modular construction market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the North America modular construction market?

The North America modular construction market size reached US$ 25.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

What is modular construction?

Modular construction refers to the construction of standardized building components in a separate location and installing them later at the primary construction site. It involves the prefabrication of two-dimensional (2D) and three-dimensional (3D) volumetric structures in off-site factories with controlled industrial conditions. It uses individual modules or sections such as bathroom pods, kitchens, and complete or partial rooms produced in a facility using standard materials and code of construction. It is also widely deployed for temporary and permanent structures, including industrial facilities, classrooms, military housing, and camps. Additionally, it allows easy relocation or expansion, several design choices, enhanced quality control, and reduced construction duration. Owing to these benefits, modular construction is gaining immense traction in North America due to its ability to minimize waste, reduce disruptions at the construction site, and provide customization options tailored to customer preferences.

Request for a sample copy of this report: https://www.imarcgroup.com/north-america-modular-construction-market/requestsample

What are the growth prospects and trends in the North America modular construction industry?

The market is primarily driven by the significant expansion in building and construction activities. In addition, the growing population, rising disposable income, and increasing demand for prefabricated building structures, which reduce construction costs and time, are contributing to the market growth. In line with this, the rising number of infrastructure projects, including modern housing centers, healthcare facilities, corporate buildings, and educational institutes, are influencing the market growth. Moreover, the continuous technological advancement and the incorporation of artificial intelligence, 3D printing, and building information modeling (BIM) with the prefabrication method represent another major growth-inducing factor. Besides this, the growing environmental concerns regarding carbon (CO₂) emissions from traditional construction methods are accelerating the product adoption rate. Along with this, the implementation of several government initiatives to promote green buildings in North America due to the increasing prevalence of extremely cold weather, characterized by shorter daytime and heavy snowfall, is propelling the modular construction methods market.

Apart from this, modular construction market is growing at different rates in North American region due to rapid urbanization, the growing population, increasing construction activities, and rising disposable income. Moreover, the industry is expected to face competition in the upcoming years as various key players are implementing competitive strategies to sustain their presence in the market. For instance, in June 2021, VESTA Modular collaborated with BD Modular Solutions, a leading player in the modular market established in 2016. Through this acquisition, VESTA Modular, based in Southfield, Michigan, intends to strengthen its presence in the western states and enhance its customer service capabilities. Additionally, the escalating demand for new hospitality, housing, and industrial structures and the increasing adoption of modular construction in urban and semi-urban areas for office space are providing a thrust to the market growth. Furthermore, the increasing adoption of modular construction, as it offers clean and noisy free construction without disturbing patients in the upgradation of healthcare infrastructure, is creating a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Division:

• Permanent Modular Construction (PMC)
• Relocatable Buildings (RB)

Breakup by Sector:

• Public
• Residential
• Commercial
• Others

Breakup by Material:

• Wood
• Concrete
• Steel
• Others

Breakup by Country:

• United States
• Canada

Who are the key players operating in the industry?

The report covers the major market players including:

• Aries Building Systems, LLC
• ATCO Ltd.
• Boxx Modular, Inc. (Black Diamond Group)
• Mobile Modular Management Corporation (McGrath RentCorp, Inc.)
• Modular Genius, Inc.
• Satellite Shelters, Inc.
• Triumph Modular Corporation
• Vanguard Modular Building Systems, LLC
• Vesta Modular
• Willscot Corporation.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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