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Technology Is a Major Trend in Professional Services

Posted by Cara Brosius

Dec 19, 2016 8:45:00 AM

Consumer spending on professional services is projected to total almost $481 billion by 2020, representing yearly growth of 3.8% from 2015 levels. Positive economic trends will drive growth as consumers gain more disposable personal income and seek professional services for their financial and personal needs.

Many innovative technologies are changing how we access professional services. If you’d like to seek legal advice, chances are you can do it on your computer or mobile device. Many online services are also cheaper than traditional ones, leading established companies to change their marketing strategies and to offer services on a variety of platforms.

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Topics: Business Services & Administration, Industry Insights, The Freedonia Group

Predicted Market Research Trends for 2017

Posted by Sarah Schmidt

Dec 15, 2016 9:00:00 AM

What market research trends should you expect to see in 2017? This blog post shares different perspectives from a wide variety of market research professionals, suppliers, and executives in the field.

Check out the quotes below to find out more about what the future may hold for market researchers and the industry as a whole.

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Topics: Market Research Strategy

Battle of the Biofuels: Demand Heats Up for Renewable Diesel

Posted by Erica Keenan

Dec 13, 2016 9:00:00 AM

In the US, the majority of trucks are powered by soybeans. Sort of. Under its Renewable Fuel Standard (RFS), the Environmental Protection Agency has proposed a target of 2.0 billion gallons of biomass-based diesel in the US diesel supply for 2017 – a 16% increase over 2015 levels. Soybean-derived biodiesel represents the predominant type of this renewable fuel.

But another type of biomass-based diesel – renewable diesel – is experiencing vigorous growth in demand due to a confluence of EPA mandates, rising distillate fuel consumption, and performance advantages.

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Topics: Energy & Resources, Industry Insights, Heavy Industry, The Freedonia Group

When Shopping Online, the Packaging Sends a Message

Posted by Esther Palevsky

Dec 12, 2016 9:00:00 AM

With almost everyone getting great gift deals sent to their inbox these days, it’s not surprising that the peak holiday shopping period of November and December brings in 30 percent more revenue for e-commerce retailers than non-holiday months, according to a report by RJMetrics. This year’s Black Friday and Cyber Monday, two of the biggest online shopping days of the period, saw record-breaking sales totaling $6.8 billion in 2016, a 17 percent increase over 2015. 

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Topics: E-commerce & IT Outsourcing, Industry Insights, The Freedonia Group

Social Media as a Research Methodology

Posted by Bex Carson

Dec 8, 2016 9:00:00 AM

In today’s world, there is a lot of hype surrounding social media — unsurprisingly, considering the medium itself created the very concept of going viral.

According to the Gartner hype curve for new technologies, a period of hype and inflated expectations is followed by the “trough of disillusionment” during which we become more critical of a new concept or technology we’ve bought into and believed in its inherent value. Questions ensue.

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Topics: Market Research Strategy, Social Media

Boral’s Acquisition of Headwaters Shows Interest in Construction Projects

Posted by Matt Zielenski

Dec 7, 2016 9:00:00 AM

One of the few things both political parties agreed on during the recent US presidential election campaign was the need to rebuild the nation’s transportation infrastructure. Not only are many of the nation’s roads and bridges in need of repair, if not outright replacement, but this surge in construction activity would generate high-paying jobs. 

The election of Donald Trump as the 45th US President has spurred interest in large-scale public works projects, especially with his call for a national infrastructure bank. While some parts of his plan remain controversial — and details on how to pay for it remain murky — many businesses are betting that there will be an increase in US construction activity. 

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Topics: Manufacturing & Construction, Industry Insights, The Freedonia Group

Water-Based Industrial Coatings: It’s Getting Easier Being Green

Posted by Carolyn Zulandt

Dec 6, 2016 8:45:00 AM

Watching paint dry? That’s boring. But knowing that as the paint dries, it’s water – not toxic chemicals – evaporating into the air? Now that’s exciting.

Water-Based vs. Solvent-Based Coatings

Water-based coatings, which employ water as their liquefying agent rather than chemical solvents, have made huge inroads worldwide over the past few decades. Consumers, professional painters, OEMs, as well as government regulators, have increasingly recognized the advantages of eco-friendly water-based paints, including low volatile organic compound (VOC) emissions, easy cleanup, and low odor.

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Topics: Materials & Chemicals, Industry Insights, Heavy Industry, The Freedonia Group

Ashes to Ashes: Precast Concrete Adapts to a Changing Funeral Market

Posted by Mariel Behnke

Dec 5, 2016 8:45:00 AM

2015 marked a turning point for the US funeral and cemetery industry. For the first time, more Americans were cremated than buried underground.

Cremations have been on the rise since the beginning of the 21st century, due to changing religious and social preferences, and a desire to economize funerals. This trend has put many segments of the funeral industry under pressure, including the precast concrete industry.
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Topics: Materials & Chemicals, Industry Insights, Heavy Industry, The Freedonia Group

The Future of the Frac Sand Market

Posted by Zoe Biller

Dec 1, 2016 8:45:00 AM

The past decade has been an exhilarating ride for producers of frac sand, or silica sand used in hydraulic fracturing. North American shale oil and gas production has surged since 2010, bringing tremendous opportunities to the previously quiet silica sand industry. In 2014, the market for frac sand in North America was 20 times larger than it was a decade earlier, according to a recent study published by The Freedonia Group.

But for every boom, there is a bust. In late 2014, consumption began to decline as oil and gas prices plummeted across the world. Now, instead of embarking on ambitious expansions, frac sand suppliers have idled production and mining operations. The stock price of Fairmount Santrol, the US’s largest frac sand producer, dropped from $16.98 at the time of its IPO in 2014 to a low of $1.23 in January 2016.

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Topics: Energy & Resources, Industry Insights, Heavy Industry, The Freedonia Group

Cool Roofs Are Expected to Gain Popularity Across the US

Posted by Matt Zielenski

Nov 30, 2016 8:45:00 AM

Owners and tenants of commercial properties usually only think about their roofs when there is a leak that needs repairing. However, many are discovering that their choice in roofing materials can help them save on their bottom line. 

“Cool roofing” products help reduce energy consumption and lower utility bills — important considerations for all business owners. Materials are classified as “cool roofing” if they reflect a significant amount of sunlight off of a roof surface while also absorbing solar radiation. By doing so, cool roofs prevent heat from being transferred to the interior of the building, causing less strain on air conditioning and keeping cooling costs at a manageable level.

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Topics: Manufacturing & Construction, Industry Insights, Heavy Industry, The Freedonia Group

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